Quarterly figures
Shell also posts higher profit thanks to oil market turmoil caused by Iran conflict
British oil and gas company Shell has significantly doubled its profit in Q1 2026 compared to Q4 2025.
Consequence of Iran war
‘Oil price falls after Trump statements, but pump price remains at record high’
Oil prices fell sharply for the second day in a row on Wednesday. This was prompted by statements by US President Donald Trump, who reported that “great progress” had been made in negotiations on a final agreement to end the war with Iran. The ANP reported. At the pump, motorists are not noticing falling oil…
'Cheaper in the long run'
‘The most durable protection for underground storage tanks.’
Corrosion control at underground storage tanks is an important issue. Effective leak protection at underground hydrocarbon “holders” not only protects the infrastructure from decay but also the underground water layers from contamination. The East Flanders-based Cathec has a method for this that looks beyond, and is more sustainable than, the traditional approach.
Shareholders in revolt
Climate rebels stir at BP general meeting
BP shareholders revolted at the British oil giant’s latest annual general meeting. They opposed the plan to scrap climate reporting.
Martin van Eijk (Drive): ‘The Hague listens to us, but does nothing for petrol stations’
“Too little is being listened to in The Hague.” So said Martin van Eijk, chairman of the petrol station trade association Drive, in the latest Mobility Energy Talks. “Despite the fact that we are knocking down the door there, nothing is being done for the entrepreneurs.”
Highest level since 2022
Oil price through the roof again
Following Donald Trump’s statements that the United States wants to block the Strait of Hormuz for longer, the price of a barrel of crude rose to 125 euros. That was the highest price level since 2022, when Russia invaded Ukraine. Meanwhile, the price has already fallen slightly again.
'stock up first'
From 1 May substantially cheaper refuelling in Germany, but probably not 17 euro cents lower immediately
In Germany, petrol and diesel can be filled up a lot cheaper from Friday 1 May. On this date, the German government will reduce prices at the pump by 17 euro cents per litre. Motorists expecting to fill up cheaper immediately on 1 May will probably be disappointed: price reductions at the pump will not…
Expansion of reserves
Shell acquires Canadian oil and gas producer for 13.6 billion
Shell is putting $13.6 billion on the table to acquire Canadian oil and gas producer ARC Resources. With this, the energy giant aims to replenish its oil and gas reserves.
Consequences unclear
United Arab Emirates breaks with oil cartel OPEC
The United Arab Emirates (UAE) has decided to leave oil cartel OPEC after 60 years. The country wants to produce more oil and have more flexibility outside the cartel. The UAE is leaving OPEC from 1 May.