energy trading

Adnoc in talks to buy stakes in PTT, Dangote refineries

Abu Dhabi National Oil Co. is in discussions to acquire stakes in refineries operated by units of Thailand's PTT and Nigeria's Dangote, as the state-backed energy giant seeks to lock in customers for its crude oil and build out its…

Glencore energy trading profits surge 66-fold amid Iran war

Glencore reported on Wednesday that its energy trading profits soared 66-fold in the first half of 2026 compared to a year earlier, while BP posted its highest quarterly profit since 2022, as the Iran war drove oil, fuel, and LNG…

Shell signals strong Q2 trading gains amid Iran war volatility

Shell on Tuesday released its second-quarter 2026 update note, signalling that trading and optimisation results in its Integrated Gas division are expected to be "significantly higher" than the first quarter, as the company capitalized on price volatility stemming from the…