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The near-$200bn of shale deals seen in the past year are likely to be followed by asset sales as producers seek to reshuffle their portfolios. Such divestments will be led by public companies, in a reversal of recent years when private operators dominated the market. But sellers may take their time, as higher oil prices have bolstered balance sheets. And ...
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Singapore-based oil and commodities trading powerhouse Trafigura Group has posted the smallest profit since the 2020 oil crisis as volatility in energy markets hit new lows. Trafigura’s net profit dropped to $1.47 billion in the six months through March, good for a 73% decline from a record $5.5 billion posted a year earlier. The company’s revenue fell 5.4% ...