Equinor

Shell and Equinor warn energy market buffers are running out

Senior executives from Shell and Equinor warned on Wednesday that the global energy market's ability to absorb supply disruptions from the Middle East is rapidly eroding, raising the prospect of further price spikes and a prolonged period of tight supply…

Orlen scrambles for crude as Saudi pipeline shutdown cuts deliveries

Poland's Orlen has issued at least five crude oil purchase tenders in the past two working days, according to Bloomberg, as the Central European refiner moves to secure alternative supplies following the shutdown of Saudi Arabia's East-West Pipeline after drone…

Oil supermajors set to post $45.8B in quarterly profit amid Iran war windfall

The world's largest oil companies are poised to report their strongest combined quarterly earnings since the 2022 Russia-Ukraine energy crisis, as the U.S.-Israeli war on Iran and the effective closure of the Strait of Hormuz drove a historic disruption to…

Equinor CEO says Europe will miss winter gas storage goal

European natural gas prices continued their relentless climb on Wednesday, with the benchmark Dutch TTF contract trading above €60 per megawatt hour after surging roughly 47% over the past month, as heatwave-driven demand and dwindling winter storage prospects rattled a…