OPEC+ agrees to extend deep oil production cuts into 2025 June 2, 2024 OPEC+ agreed a deal on Sunday that to extend a critical portion of its oil supply cuts well into 2025. It has been cutting oil supply since late 2022.
British Gas: Centrica faces shareholder revolt over £8.2m CEO pay packet June 2, 2024 The owner of British Gas will face down shareholders on Wednesday over its chief executive's £8.2m pay packet.
Swinney: Labour would cause ‘devastation’ to employment in oil and gas industry June 1, 2024 “There’s a lot of independent commentary that indicates that the plans of the Labour Party and particularly their tax grab that is being perpetuated by the Conservative and Labour parties is having a real damaging effect on investment in the oil and gas sector".
Petrofac: Losses almost double after delayed results finally revealed May 31, 2024 Losses at embattled oil services provider Petrofac almost doubled to more than $400m (£314m) during 2023 after its delayed accounts were finally published.
FTSE 100 today: London markets set to open higher as yields retreat May 31, 2024 Asian stocks rise despite Wall Street slowdown, Nasdaq's biggest drop in a month. All eyes are on US PCE and Eurozone CPI data.
FTSE 100 today: London markets set to open lower as rate cut anxiety weigh May 30, 2024 Rate cut anxiety triggers Asian stock slump, mirroring Wall Street. Salesforce drops 15%. Focus shifts to US Q1 GDP and Auto Trader.
FTSE 100 today: London markets set to open lower amid US rate cut and domestic political uncertainty May 29, 2024 Asian markets fell on inflation fears, IMF raised China's growth forecast. Investors await Fed speeches, Beige Book, Friday's PCE index.
London-listed Berkeley Energia launches near £1bn arbitration proceedings against Spain May 28, 2024 Listed-Berkeley Energia's Spanish entity has filed a request for arbitration proceedings against the Kingdom of Spain over alleged violation of provisions of the Energy Charter Treaty
FTSE 100 today: London markets set to open higher following Asian peers’ lead May 28, 2024 Asian markets paused post-rally; oil prices rose, UK retail prices fell. Investors await US GDP and core PCE data.
Ofgem: Millions of Brits set for lower bills as price cap drops by seven per cent May 24, 2024 Millions of Brits are set to pay lower bills from July after Ofgem announced it would lower its price cap by seven per cent in response to falling wholesale prices.