Economic news
Exxon to slash low-carbon spending by a third
Oil major will cut investment over next five years from $30bn to $20bn
Oil market faces ‘super glut’ as supply surge hits prices, Trafigura warns
Commodities trader says burst of new supply coming online will collide with reduced demand growth
Sudan militia seizes oil hub, disrupting crude exports
Neighbouring South Sudan unable to export its oil via Red Sea following RSF victory across the border
Russia’s oil industry could suffer long-term damage from Ukrainian drone attacks
Higher insurance costs, western sanctions and damage to infrastructure could erode Russian profits