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Details of scheme come as US president contends with voter dismay over high petrol prices and rising inflation
Formal opening of Pemex’s Dos Bocas refinery heralded a landmark by president despite questions over profitability
Russia does not want Shell to remain a phantom shareholder, providing no capital or operational expertise
Government accuses companies of raking in profits while domestic supply has dipped
Development in which Shell, Mitsubishi and Mitsui are stakeholders is first to be nationalised since Ukraine invasion
Head of Kyiv-based Naftogaz says the west must hold firm in the face of economic pain and rising fuel prices
Chancellor should clarify a time limit on the measure and refine investment allowances
Russian state-backed gas group had proposed record payout
New boss says rebranded company is ‘back in town, ready to resume our business’
Leaders want insurers to become the effective enforcers of a price cap mechanism
Government worried about ‘perverse consequences’ of applying policy including risk of losing investment
Tracking the provenance of refined fuel exports could make any such move devilishly hard
Pledge to ease economic pressure and punish Moscow ‘very ambitious’, says German chancellor Olaf Scholz
Plus, limited US refining capacity means more crude is being sent abroad
‘It’s a question of how high prices eventually rise’ to spur investment, says Darren Woods
Europe has halved its reliance on Russian gas but it is running out of short-term fixes
Russia can squeeze the west in the short term but it is losing its position as an energy superpower
Few airlines hedge against surging oil prices but Southwest’s small team has shown the benefit
Americans’ belief that price gouging is driving high inflation shows that faith in business is fragile
Enrique Razon seeks to buy stake in offshore project from presidential ally Dennis Uy
Talks on curbing Moscow’s energy profits to continue on Monday as India and others join Bavaria summit
Russia’s war in Ukraine could force rethink of plans to end production at Europe’s largest gasfield despite its link to earth tremors
‘Candid’ meeting with N Sea groups hears levy could force cancellation of projects and deter investors
Berlin says the commodity has become ‘scarce’ as planned work on Nord Stream 1 threatens efforts to build stores
Plus, how much of the world’s reserves must stay in the ground to meet the Paris climate target for global warming?
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