Oil round up: India weighs up Russian oil as Boris Johnson calls on Saudi Arabia to boost output March 14, 2022 India is considering a Russian offer to buy crude oil and other commodities at discounted prices through a rupee-rouble transaction.
200,000 barrels a day: BP joins forces with Eni to create Angola’s largest oil and gas producer March 14, 2022 BP and Eni told City A.M. in an email that they have signed an agreement to form a new 50/50 independent company, Azule Energy through the combination of the two companies’ Angolan businesses. The agreement follows a memorandum of understanding between the companies agreed in May 2021. Azule Energy will be a new international energy [...]
Iran suspends Saudi Arabia talks while US deal hits Russian roadblock March 13, 2022 Iran has paused talks with Saudi Arabia while Russian demands have curtailed its attempts to revive former arrangements with the US.
Slump in wholesale fuel costs gives drivers hope of pump relief March 11, 2022 A slump in the price of wholesale fuel could give drivers hope after weeks of skyrocketing prices following the Russian invasion of Ukraine. According to AA’s latest data, petrol wholesale costs have gone down from 75.8p to 67.7p, while diesel has fallen to 77.3p per litre from 89.8p at the beginning of the week. The [...]
Oil prices to remain high despite ‘unprecedented’ volatility March 10, 2022 Oil prices have gone on a wild journey this week - with prices fluctuating amid escalating conflict in Ukraine.
UAE hints at supporting boost in oil supplies following Russia’s invasion of Ukraine March 10, 2022 OPEC member United Arab Emirates called for more oil supplies to be pumped into the market yesterday amid fears of supply shortages.
Kwarteng commits to North Sea oil and gas as UK phases out Russian energy supplies March 9, 2022 Business Secretary Kwasi Kwarteng has said the government is committed to North Sea fossil fuel
OPEC+ underperforms as politics weighs on oil output March 9, 2022 Oil prices remain elevated in a volatile market, with OPEC+'s performance under increasing scrutiny amid escalating conflict in Ukraine.
Oil prices fall as Europe holds back from energy sanctions on Russia March 9, 2022 Oil prices have dipped this morning after Europe stayed out of ramped-up Western sanctions on Russian energy supplies.
As cost of living crisis rages, Extinction Rebellion plots to block oil refineries across the UK next month March 9, 2022 Extinction Rebellion has announced plans to block major UK oil refineries in April. The direct action group said it intends to “stop the harm at the source” as part of its campaign to force the Government to stop the fossil fuel economy. The protest group Just Stop Oil will also be blocking refineries across the [...]