Vitol and Gunvor rake in Russian oil profits a year after Ukraine invasion June 27, 2023 Energy traders Vitol and Gunvor are still buying refined Russian oil, despite pledges to cut ties with Kremlin-backed suppliers.
China and India fuel record high coal prices despite falling US and EU usage June 26, 2023 Coal prices climbed to record levels last year driven by rising demand across Asia, according to a new report on global energy trends.
Oil continues two month downturn as recession fears weigh on prices June 23, 2023 Oil prices has resumed their two-month long downturn - driven by demand concerns - with both major benchmarks sliding for a second day.
Oil prices rebound as the Fed commits to inflation battle June 22, 2023 Oil prices are rising amid a sustained hawkish approach from the Federal Reserve raising hopes of an economic revival in the US.
Iran supply glut could weigh down oil prices, predict experts June 20, 2023 An unexpected influx of oil supplies from Iran could help further weigh down prices, amid a market downturn from China.
Starmer fails to appease North Sea industry amid fears of investment cliff edge June 20, 2023 Keir Starmer's decision to honour oil and gas permits issued under the Conservative government failed to win over the North Sea industry
Oil prices stuck between global economic woes and China’s resurgence June 16, 2023 Oil prices have steadied today, with both major benchmarks on course for a modest weekly gain after a sustained slump.
Oil prices drop below $70 per barrel as investors fear further Fed rate hike June 12, 2023 Oil prices have fallen as investors fear further rate hikes from the Federal Reserve this week, when it meets to discuss interest rates.
What the Windfall?! Debunking what just happened and why the industry’s not happy June 9, 2023 The government has made changes to the Energy Profits Levy - known as the windfall tax - here's what it means.
Oil, gas and LNG drives Trafigura to record £4.4bn half-year profits June 7, 2023 Trafigura posted a record net profit of £4.4bn ($5.5bn) in the first half of its 2023 financial year that ended in March.