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Oil prices

  • 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.

  • Oil prices plummet as Russia-Ukraine peace talks show signs of promise

    March 29, 2022

    Oil prices nosedived on Tuesday afternoon across both major benchmarks - extending losses from the previous day.

  • OEUK warns of overseas fossil fuel dependence as Norway becomes UK’s main gas supplier

    March 29, 2022

    OEUK has revealed the UK could have to rely on external suppliers for 80 per cent of gas supplies and 70 per cent of oil by 2030.

  • Oil prices tumble as Shanghai shuts down amid surging Covid-19 cases

    March 28, 2022

    Oil prices dipped four per cent on both major benchmarks this morning following Shanghai's launch of a two-stage lockdown to combat Covid-19.

  • G7 leaders call on OPEC to raise oil supplies

    March 25, 2022

    The leaders of the G7 nations yesterday urged OPEC to boost oil production following Russia's invasion of Ukraine.

  • BP considers North Sea oilfield sale amid market rallies

    March 23, 2022

    BP is reportedly pursuing buyers for its closed Foinaven oilfield in the North Sea with oil prices rallying

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