Firm benefits from conflict to rake in $6.9bn as higher energy prices turbocharge profits ...

WARRI, Nigeria (AP) — Shell is temporarily closing the terminal exporting Nigeria’s benchmark Bonny Light crude oil as militant attacks have cut production in Africa’s biggest petroleum producer.

Gas prices have soared to a three-year high and oil prices spiked after attacks on energy sites in Iran and Qatar damaged a Shell plant and stoked fears about disruption to global supplies. US ...

While oil and gas majors have been benefiting from higher prices, Shell is also exposed to the effects of war-related disruption.

Labor’s proposed domestic gas reservation scheme risks undermining investment in new supply and could “kill companies", Santos chief executive Kevin Gallagher has warned.