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Oil prices

  • G7 price cap restrains Russian oil revenues but Kremlin still finding buyers

    September 6, 2023

    Price caps on Russian oil and gas have managed to drive down oil revenues and keep prices in check for consumers, experts suggest.

  • Seven week oil rally ends as demand concerns in China sees prices stall

    August 20, 2023

    This year's longest rally in oil prices has finally stalled, with both benchmarks faltering for the first time since swingeing OPEC cuts.

  • Oil price rally unlikely to hit $100 per barrel milestone this year, experts say

    August 14, 2023

    Oil prices are unlikely to hit $100 per barrel this year despite a seven-week rebound and tightening supplies this year, experts predict.

  • Oil records seven weeks of gains despite IEA and OPEC’s differing demand outlooks

    August 13, 2023

    Oil begins trading on Monday after recording seven consecutive weekly gains amid growing expectations of tightening supplies.

  • Oil prices boosted by six weeks of gains as supplies tighten worldwide

    August 6, 2023

    Oil markets will open trading on Monday having recorded six weeks of gains across both major benchmarks, as tightening supplies bolster prices.

  • What next for oil prices as US stockpiles slip and hope of China rebound rises

    August 2, 2023

    Oil markets are benefitting from robust demand, with trading on both major benchmarks at a near four month-high.

  • Oil prices rally due to revived hopes of Chinese demand amid Opec cuts

    July 30, 2023

    Oil prices have recorded five straight weeks of gains with investors seemingly convinced markets will tighten.

  • Equinor unveils steep drop in profits as fossil fuel prices fall

    July 26, 2023

    Equinor's profits have tumbled in line with falling oil and gas prices, signalling an expected industry-wide decline in earnings.

  • 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 [...]

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