BW Energy has taken a major step into Angola’s offshore sector, striking a joint deal with Maurel & Prom (M&P) to acquire minority stakes in two producing deepwater blocks from Azule Energy, the Eni–BP joint venture that dominates much of the country’s upstream landscape. Under the agreement, the consortium will purchase a combined 20% interest in Block 14 and 10% in the adjacent Block 14K. BW Energy’s net stake will be 10% in Block 14 and 5% in Block 14K, while M&P will hold the same. The transaction giv ...

We recently published 13 Best ADR Stocks to Invest In.  Shell plc (NYSE:SHEL) is one of the best ADR stocks. Shell plc (NYSE:SHEL)’s shares were downgraded by UBS on November 25th on the back of recent strong performance, which left the bank wary of future gains. The price target change covered the firm’s shares that trade on the London Exchange. These shares have gained more than 8% year to date, and UBS cut the target to £30 from an earlier £32. Alongside the target cut, the bank also reduced the rating ...

Core Viewpoint - Crescent Energy Company has received overwhelming shareholder approval for the issuance of Class A common stock in connection with its proposed merger with Vital Energy, expected to close on December 15, 2025 [1][3]. Group 1: Shareholder Approval - Approximately 98% of the Crescent common stock voted in favor of the merger, resulting in about 81% of the outstanding Crescent common stock voting in favor [3]. - The strong support from shareholders reinforces investor confidence in Crescent's disciplined strategy and execution track record [2]. Group 2: Company Strategy and Operations - Crescent Energy is committed to delivering value for shareholders through a disciplined growth through acquisition strategy and consistent return of capital [4]. - The company focuses its investing and operating activities in the Eagle Ford, Permian, and Uinta basins, combining significant cash flow from stable production with high-quality development inventory [4].

TULSA, Okla., Dec. 12, 2025 (GLOBE NEWSWIRE) -- Vital Energy, Inc. (NYSE: VTLE) ("Vital Energy" or the "Company") today announced that, at a special meeting of Vital Energy stockholders held today, the stockholders of the Company approved the previously announced merger (the "Merger") between Vital Energy and Crescent Energy Company ("Crescent"). Vital Energy will file the final vote results for its special meeting on a Form 8-K with the U.S. Securities and Exchange Commission (the "SEC"). The Merger is ant ...

Silver has finally crossed a threshold untouched since 1980. Today, the white metal trades above $60 per ounce, while oil sits below $60 per barrel.In essence, that means one ounce of silver can now buy more than a single barrel of oil, a dynamic unseen since January 1980, if excluding the technical distortion during April 2020 when WTI futures briefly went negative.The reversal is striking on its own, but it also signals a tectonic shift in the hierarchy of global commodity markets.Year-to-date, silver – a ...

Venezuelan oil exports have fallen sharply since the United States seized a tanker earlier this week and imposed fresh sanctions on shipping companies and vessels doing business with the Latin American oil producer, according to shipping data, documents and maritime sources. ...

January WTI crude oil (CLF26) on Friday closed down -0.16 (-0.28%), and January RBOB gasoline (RBF26) closed down -0.0077 (-0.44%). Crude oil and gasoline prices moved lower on Friday, with gasoline posting a 4.75-year nearest-futures low.  Friday's dollar strength weighed on energy prices.  Also, Friday's stock weakness has dampened optimism about the economic outlook, a negative factor for energy demand and crude prices.  In addition, concerns about a global oil glut continue to pressure crude prices. ...

The current supply-demand situation for crude oil shows a market that is well supplied. So well supplied in fact, that oil prices have sunk below $60 per barrel. But this fact highlights a distinction that makes a difference. The price of oil that gets highlighted every trading day is the price of light, sweet crude. That's the most common type, and it's what gets converted into gasoline and powers industry. But there's also heavy crude. This is the type of oil used for diesel fuel. Unlike light crude, heav ...

Group 1: Oil and Gas Prices - January WTI crude oil is down -0.32 (-0.56%), and January RBOB gasoline closed down -0.0118 (-0.67%) [1] - Gasoline prices have reached a 4.75-year nearest-futures low, influenced by dollar strength and stock market weakness, dampening economic outlook and energy demand [1] - Concerns about a global oil glut are pressuring crude prices, as indicated by Trafigura's forecast of a "super glut" due to new supply and sluggish demand [2] Group 2: Geopolitical Risks - Increased geopolitical risks in Venezuela are supportive for crude prices, as US forces have intercepted sanctioned oil tankers, potentially limiting Venezuela's oil exports [3] - The Russian-Ukrainian war is also supporting crude prices, with threats from President Putin against nations aiding Ukraine and recent drone attacks on Russian tankers [4] Group 3: Russian Oil Exports - Reduced crude exports from Russia are underpinning crude prices, with shipments falling to 1.7 million bpd, the lowest in over 3 years [5] - Ukrainian attacks on Russian refineries and infrastructure have exacerbated fuel shortages in Russia, further limiting export capabilities [5] - New US and EU sanctions on Russian oil companies and infrastructure are contributing to the decline in Russian oil exports [5]

Harbour Energy has signed an agreement to acquire substantially all subsidiaries of Waldorf Energy Partners and Waldorf Production, both currently in administration, for $170m (£127.1m). Under the agreement, Harbour will increase its stake in the operated Catcher field from 50% to 90%. Catcher is a conventional oilfield located in shallow water in the UK. The partnership in this field was earlier made up of Premier Oil UK (Harbour Energy) (50%), Waldorf CNS, Waldorf Production UK (40%) and ONE-Dyas E&P ...