Behind ExxonMobil’s contrarian $60bn oil bet
Unlock the Editor’s Digest for free Roula Khalaf, Editor of the FT, selects her favourite stories in this weekly newsletter. ExxonMobil chief executive Darren Woods has long contended that oil…
Australia’s richest person raises stake in lithium producer, threatening $4.3bn takeover
Unlock the Editor’s Digest for free Roula Khalaf, Editor of the FT, selects her favourite stories in this weekly newsletter. Gina Rinehart has lifted her stake in Liontown Resources, as…
Oil price jumps to $89 a barrel following Hamas’s attack on Israel
Stay informed with free updates Simply sign up to the Oil myFT Digest — delivered directly to your inbox. Crude prices surged to as high as $89 a barrel on…
Exxon/Pioneer: scaling up in the shale patch
Stay informed with free updates Simply sign up to the Lex myFT Digest — delivered directly to your inbox. Oil and gas companies are making barrels of cash. They have…
Exxon in talks to buy US rival Pioneer
Receive free Exxon Mobil Corp updates We’ll send you a myFT Daily Digest email rounding up the latest Exxon Mobil Corp news every morning. ExxonMobil is in talks to buy…
COP28 chief urges energy groups to prepare for fossil fuel ‘phase down’
Receive free COP28 updates We’ll send you a myFT Daily Digest email rounding up the latest COP28 news every morning. Sultan al-Jaber, president-designate of this year’s UN climate summit, said…
To tackle Putin’s dark oil fleet, enforcement needs to be stepped up
Receive free Markets Insight updates We’ll send you a myFT Daily Digest email rounding up the latest Markets Insight news every morning. The writer is a senior analyst at Lloyd’s…
Extreme weather hits lovers of sweet treats in the pocket
Steep rises in the prices of sugar and cocoa are set to hit sweet treat lovers’ wallets as extreme weather conditions hinder production, even as broader measures of food inflation…
BP tells staff top US executive is leaving just weeks after CEO exit
Receive free BP PLC updates We’ll send you a myFT Daily Digest email rounding up the latest BP PLC news every morning. BP’s top executive in the US is leaving…
Crude climbs above $96 a barrel on US stockpiles concern
Receive free Markets updates We’ll send you a myFT Daily Digest email rounding up the latest Markets news every morning. Oil prices surged nearly 3 per cent to a fresh…
Fossil fuel demand must fall by a quarter by 2030 to limit global warming, IEA says
Receive free Climate change updates We’ll send you a myFT Daily Digest email rounding up the latest Climate change news every morning. Fossil fuel demand must fall by a quarter…
Top EU energy official says US gas will be needed for decades
Receive free EU energy updates We’ll send you a myFT Daily Digest email rounding up the latest EU energy news every morning. Europe will have to rely on US fossil…
Deep divisions over oil and gas industry role challenge UN climate talks
Deep divisions over how to combat global warming at the next climate summit were on display this week, as efforts to green the world’s energy system were challenged by oil…
US Treasury yields climb as Fed worries spark global sell-off
Receive free Markets updates We’ll send you a myFT Daily Digest email rounding up the latest Markets news every morning. Treasury yields touched a 16-year high as global stocks and…
Ron DeSantis leads charge to pry Texas oil donors from Trump
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Crude oil moves higher as investors look ahead to central bank meetings
Receive free Markets updates We’ll send you a myFT Daily Digest email rounding up the latest Markets news every morning. Crude oil moved higher on Monday, boosting energy stocks, but…
California accuses Big Oil of covering up climate change risks in lawsuit
Receive free US politics & policy updates We’ll send you a myFT Daily Digest email rounding up the latest US politics & policy news every morning. California has sued several…
UK agrees £500mn deal to secure Port Talbot steelworks
Receive free UK manufacturing updates We’ll send you a myFT Daily Digest email rounding up the latest UK manufacturing news every morning. Britain will pay subsidies of up to £500mn…
Bernard Looney’s exit throws BP’s strategy into doubt
Bernard Looney’s sudden resignation as chief executive of BP has cast greater doubt over the energy company’s strategy, with investors watching closely to see who takes over the top job…
IEA: backlashes mean oil and gas demand may not peak so soon
Receive free Climate change updates We’ll send you a myFT Daily Digest email rounding up the latest Climate change news every morning. It is unusual for the International Energy Agency…