Oil markets consolidate July’s gains as China prepares stimulus measures July 24, 2023 Oil prices remain above $80 per barrel, with predictions of stimulus measures in China underpinning both major benchmarks.
OnlyFans to ‘OilyFans’: Billboards show BP chief topless after earning £10m July 21, 2023 A set of billboards for the adult site OnlyFans has been rebranded by environmental activists to show the chief executive of BP shirtless. Following complaints to the Advertising Standards Authority (ASA), Global Witness bought out three advertising slots around London to comment on the pay package of Bernard Looney, whose earnings went from £4.5 million [...]
Oil prices slide as weak economy data in China fuels demand concerns July 17, 2023 Oil prices have dipped after sluggish growth figures from China renewed concerns about demand in the second half of the year.
Oil rises above $80 per barrel for first time since April as IEA predicts record demand July 13, 2023 Oil prices are hovering above $80 per barrel for the first time since April, with the International Energy Agency predicting record demand growth.
Oil markets await US inflation data as IEA maintains tight supply predictions July 12, 2023 Oil prices are flat in this morning trading session, as investors await the latest US inflation data for signs of future rate-hikes.
Global energy demand will soar over next two decades, says OPEC July 11, 2023 Global demand for all forms of energy is forecast to rise 23 per cent through 2045, according to OPEC's latest forecasts.
Rosebank: UK’s biggest oil and gas field faces fresh delay amid regulator concerns over net zero goals July 11, 2023 Approval for Rosebank, the UK's largest undeveloped oil and gas field, has been delayed by regulators again.
Oil sorted? OPEC gambles on demand revival to boost flagging prices July 10, 2023 OPEC and its allies are banking on demand to rebound and prop up oil prices. If they're wrong, it's time to reassess their influence.
Oil prices up three per cent to nine-week high on supply concerns July 8, 2023 Oil prices climbed about three per cent to a nine-week high on Friday as supply concerns and technical buying outweighed fears that further interest rate hikes could slow economic growth and reduce demand for oil. Brent futures rose $1.95, or 2.6 per cent, to settle at $78.47 a barrel, while U.S. West Texas Intermediate crude [...]
Oil prices weighed down amid sluggish demand from China despite Opec cuts July 6, 2023 Sluggish demand recovery in the world's top crude importer China is continuing to weigh down oil prices, OPEC+ output cuts.