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oil majors

  • FTSE 100 Live: US stocks sink on open; Iran warns oil price could hit $200

    March 9, 2026

    Good morning and welcome back to the City AM liveblog. The chaos in global markets of last following the breakout of conflict in the Middle East is poised to continue as tensions in the Gulf showed no sign of slowing down over the weekend. The price of oil notched its highest gains in a single [...]

  • Oil on track for biggest weekly jump in 4 years as US mulls intervention

    March 6, 2026

    The oil market is set for its biggest weekly gain in four years after the crisis in the Middle East sent ripples through the energy markets. The price of Brent crude has risen by around 18 per cent in the last week, tipping over $85 a barrel. Should the gains hold up, it would mark [...]

  • Spring Statement Live: UK growth cut for 2026 but Reeves touts future forecasts

    March 3, 2026

    Welcome back to the City AM liveblog. Rachel Reeves delivered her Spring Statement today, as the Office for Budget Responsibility published its updated forecasts for the years ahead. The Chancellor was handed quite a hefty blow with the UK’s growth estimate for 2026 slashed to 1.1 per cent from 1.4 per cent the year prior. [...]

  • Dow Jones slides as FTSE 100 extends losses amid Iran strikes

    March 2, 2026

    Wall Street joined Europe as markets opened on Monday with losses spread across the board as tensions escalated across the Middle East. The Dow Jones dropped nearly one per cent on open to 48,534.58 whilst the S&P 500 shed around 0.7 per cent to 6,828.47. The tech-heavy Nasdaq tumbled 0.7 per cent to 22,505.32. In [...]

  • Oil prices spike as UK base hit by Iranian missile

    March 2, 2026

    Oil prices spiked this morning as tensions continued to escalate in the Middle East, raising concerns that a key shipping route could be halted and an Iranian missile attack on an RAF base could drag the UK into a regional war. The cost of a barrel of brent crude – the international benchmark for oil [...]

  • FTSE 100 Live: Gas price surge after LNG halt, stocks slide amid Iran conflict

    March 2, 2026

    Good morning and welcome to the City AM liveblog. Global markets were in store for another dose of risk to kick off the new week after tensions in the Middle East reached a boiling point over the weekend. The cost of a barrel of brent crude – the international benchmark for oil prices – climbed [...]

  • FTSE 100 Live: WPP sinks; LSEG, Rolls-Royce bumper buybacks

    February 26, 2026

    Good morning and welcome back to the City AM liveblog. After a few days of tariff-induced risk aversion, the FTSE 100 was back on blistering form on Wednesday, finishing the day’s trading session with a new record. London’s blue-chip index soared over one per cent to seal yet another record close at 10,806.41p. This was [...]

  • FTSE 100 Live: Retail sales inch up; Segro ups dividend

    February 20, 2026

    Good morning and welcome back to the City AM liveblog. The FTSE 100 took a breather from its blistering record run on Thursday after a major stock tumble at British Gas owner Centrica led the index into the red. Centrica shed over five per cent after telling markets it would hit pause on its share [...]

  • BP shares fall as net zero plans trigger hit of up to $5bn

    January 14, 2026

    Oil giant BP has warned it will take a hit of up to $5bn in the final quarter of 2025 as the value of green energy projects withered. The FTSE 100 firm said it expects a write-down of between $4bn and $5bn (£3.7bn), as it rethinks its strategy for transition assets and partnerships in the [...]

  • Shell and BP shares sink as China slams ‘bully’ US over oil dispute

    January 7, 2026

    Shares in FTSE 100 oil giants took a tumble on Wednesday as President Donald Trump ramped up the pressure on Venezuela to hand over oil. Shell had sunk near four per cent by midday to 2,644.7p whilst BP was down 3.5 per cent to 416.65p. The losses in the oil giants – which make up [...]

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