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Oil prices

  • Anti oil activists suspend disruptive protest and give the UK government ultimatum

    April 19, 2022

    Environmental activists have paused disruptive protests and given the government an ultimatum to stop looking for new fossil fuels.  Campaigners from Just Stop Oil read a letter outside Number 10 Downing Street, saying the UK government was being given an “opportunity” to halt its search for new energy sources.  This comes after the group launched [...]

  • Oil prices rebound amid looming prospect of EU sanctions

    April 15, 2022

    Oil prices have surged amid reports the European Union could finally phase in a ban on Russian oil imports.

  • Oil prices continue resurgence amid escalating supply shortage fears

    April 13, 2022

    Both major benchmarks extended gains today, with Russia revealing peace talks with Ukraine had reached a dead end.

  • China’s biggest oil and gas producer plans Western exit as US threatens sanctions

    April 13, 2022

    CNOOC - China's top offshore oil and gas producer - is preparing to ditch its operations in the UK and North America.

  • OPEC and EU tensions drive oil prices as China eases pandemic restrictions

    April 12, 2022

    Oil prices rebounded nearly five per cent across both major benchmarks amid growing tensions OPEC and EU tensions.

  • Oil prices slump below $100 as IEA floods market and Shanghai lockdown cuts demand

    April 11, 2022

    Oil prices have plummeted four per cent on both major benchmarks, with prices below $100 per barrel again after last month's rallies.

  • Oil prices dip below $100 per barrel following IEA pledge to flood markets

    April 7, 2022

    Oil prices dropped below $100 on both major benchmarks today - with markets weighed down by pledges from the IEA to boost supplies.

  • Oil prices recover as EU targets Russian coal

    April 6, 2022

    Oil prices have rebounded from recent losses, as the prospect of fresh sanctions on Russia raised fears of supply shortages.

  • Oil prices plunge as US weighs up release of strategic reserves

    March 31, 2022

    Oil prices fell heavily this morning, following reports the US is considering the release of up to 180m barrels.

  • Oil prices recover as Russia demands rouble requirements for gas payments

    March 30, 2022

    Oil prices have rebounded nearly four per cent on both major benchmarks, as the economic conflict between the West and the Kremlin escalated.

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