Unprecedented: UK petrol prices hit staggering 148p per litre for the first time ever February 14, 2022 The average UK petrol price per litre has surpassed 148p for the first time ever, breaking the record price levels for the third time this year.
Oil and gas rally as fears of Russia invading Ukraine rise February 14, 2022 Energy commodities have responded resoundingly to reports from Washington that Russia could invade at "any moment".
Oil prices rally to seven year highs amid rising fears Russia will invade Ukraine February 12, 2022 Oil prices rallied on Friday to fresh seven-year highs, with both benchmarks revived by escalating fears of a Russian invasion of Ukraine.
Oil settles around $90 amid looming expectations of US interest rate hikes February 11, 2022 Oil prices are hovering at around $90 per barrel on both major benchmarks amid concerns over aggressive US interest rate hikes.
OPEC forecasts rising demand after failing to hit output targets February 10, 2022 OPEC has revealed oil demand could rise even more steeply this year as the global economy recovers from the pandemic.
Oil prices stall amid talks of Iran-US deal February 9, 2022 Oil prices are hovering around $90 per barrel on both major benchmarks as talks between Iran and the US weighed down prices.
Oil prices take a breather after multiple market rallies February 8, 2022 Oil prices have eased today ahead of the resumption of indirect talks between the US and Iran, which may revive the nuclear deal
Windfall tax looming: BP may end up in firing line if it reports expected 30-fold increase in profits February 7, 2022 Oil giant British Petroleum could end up in the firing line when it reports this week what analysts expect might be a more than 30-fold increase in its profit in the closing months of last year. The oil giant is expected to report an underlying replacement cost profit – its preferred measure – of around [...]
Oil prices ease after OPEC+ meeting February 3, 2022 Oil prices have eased but remain close to the $90 milestone after OPEC+ producers stuck to planned moderate output increases.
OPEC+ sticks to oil output increases despite members failing to hit agreed targets February 2, 2022 OPEC and its allies such as Russia (OPEC+) have stuck to agreed plans to raise production by another 400,000 barrels per day in March.