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Oil prices

  • Oil Prices rise on Middle East supply fears 

    January 4, 2024

    Brent crude gained 0.3% to hit $78.46 per barrel, while U.S. West Texas Intermediate crude futures increased by 0.43% to $73.01

  • North Sea’s biggest oil and gas producer, Harbour Energy strikes £9bn deal for German peer

    December 21, 2023

    Harbour Energy on Thursday agreed to acquire Wintershall Dea's non-Russian oil and gas assets in a £9bn share and cash deal with BASF and LetterOne.

  • Oil prices remain under pressure despite Red Sea disruption

    December 21, 2023

    Oil prices remain under pressure.

  • OPEC+ looking at output cuts approaching two million barrels a day

    November 30, 2023

    OPEC+ oil producers agreed to voluntary output cuts approaching two million barrels per day (bpd) for early next year led by Saudi Arabia.

  • Oil prices: Brent steady ahead of OPEC+ production decision on possible supply cuts

    November 24, 2023

    Brent crude futures were steady on Friday as traders kept their powder dry ahead of an OPEC+ meeting that could bring agreement on further supply cuts. Brent crude futures were down eight cents, or 0.1 per cent, at $81.34 a barrel by 0913 GMT, having settled 0.7 per cent down in the previous session. U.S. [...]

  • Oil watchdogs raise outlooks amidst Israel-Palestine uncertainty

    November 14, 2023

    Global oil markets are creeping back to confidence as two energy watchdogs cast a positive light on the sector this week.

  • Oil prices slide as China weighs down demand hopes

    November 7, 2023

    Oil prices have tumbled because of weak global demand

  • Aramco sustains payouts to investors as profits slide to just £26.5bn

    November 7, 2023

    Saudi Arabia has slash=ed oil output to prop up prices alongside OPEC allies

  • Concerns over shortages keep oil prices high as Saudi Arabia and Russia stand firm on supply cuts

    November 6, 2023

    Saudi Arabia will be responsible for additional voluntary cuts of one million barrels per day — while Russia has slashed roughly 300,000 barrels per day from its output.

  • King’s Speech: What to expect from the State Opening of Parliament?

    November 6, 2023

    King Charles will make his first King’s Speech in Parliament on Tuesday as he outlines the government’s legislative agenda for the next year.

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