MPs urge government to back Wales’ nuclear ambitions May 3, 2023 MPs have urged the government to push ahead with building a new nuclear power plant in Wylfa, North Wales.
Windfall windbags: Labour calls for tougher tax after BP profits May 3, 2023 Windfall tax-backing politicians were described as “completely out of ideas” after calling for the levy to be toughened up.
Oil markets tumble as hawkish Fed and sluggish Chinese growth drive down prices May 2, 2023 Oil prices dropped heavily today, amid growing expectations of interest rate hikes from the US Federal Reserve and European Central Bank.
BP and the ‘profits of war?’ Could falling energy prices end the battle for a tougher windfall tax May 2, 2023 As Labour ramps up calls for a tougher windfall tax, it would be easy to miss that BP's shares are down five per cent on the FTSE 100.
BP unveils further bumper profits as oil and gas price hikes continue to fuel energy giant’s earnings May 2, 2023 BP has unveiled its second-highest first-quarter profit in more than a decade, posting healthy earnings over its first three months of trading.
Jet-setting Brits ready for summer but it’s oil prices that could really take off May 2, 2023 Resurgent demand in the world’s most developed economies could prove to be a major tailwind for oil prices.
CEO of Italy’s Eni sees no major energy price upsets in 2023 April 29, 2023 The CEO of Italian oil and gas company Eni, Claudio Descalzi, has said he does not expect any “big shocks” on the energy markets this year. “European gas storages are full and, although the global economy has restarted, demand is not at its highest because China has not yet resumed full operations,” Descalzi said in [...]
Glencore’s Teck saga continues with shareholders dithering over rival visions April 29, 2023 Teck's withdrawal of its demerger plans from the jeopardy of a shareholder vote this week is only the latest twist in an industry sage.
Analysis: BP, Shell will need to show investors plans for profit as oil prices slide April 28, 2023 With oil and gas prices lower, business acumen and strategy will begin to have more of an influence over the bottom line of energy giants.
Chevron tops estimates with profit gains despite slide in oil prices April 28, 2023 Oil major Chevron Corp beat market expectations on Friday as profit nudged higher in the first quarter this year.