Oil prices steady as supply fears ease February 23, 2022 Oil prices have stabilised after hitting seven year highs, with the West so far avoiding measures that could hit Russian oil and gas.
Oil remains well above $90 per barrel amid looming prospect of war in Ukraine February 21, 2022 Oil remains stable with prices hovering near the seven-year highs recorded last week amid continued concerns over supply.
Motorists to be hit by fuel shortages as Exxon workers plan walkout February 21, 2022 Motorists could soon face fuel shortages as workers at the UK’s largest refinery have voted in favour of strike action over salaries. Around 100 workers at Exxon’s Fawley refinery will walkout starting from April after the oil giant decided offered a 2.5 per cent raise in salaries over the next two years, even though inflation [...]
Fuel surpasses last week’s record prices, reaching unprecedented 149p per litre February 21, 2022 Fuel prices have surpassed those of last week – which saw forecourts charge motorists 148p per litre – and reached record highs. According to RAC data, yesterday petrol prices reached 149.12p per litre while diesel was at 152.58p, meaning that it costs respectively £82 and £84 to fill a vehicle. “While the price of oil [...]
Saudi Arabia boosts oil production to 10m barrels per day February 20, 2022 Saudi Arabia's crude oil production has soared to over a million barrels per day, (bpd) according to data from the Joint Organizations Data Initiative
Oil markets mixed ahead of US-Iran talks and escalating Russia-Ukraine crisis February 20, 2022 Oil prices could be difficult to predict this week, with investors set to weigh up talks between the US and Iran with growing tensions in Ukraine.
Oil prices suffer weekly fall for first time in two months amid Iran-US talks February 18, 2022 Oil prices are heading for a weekly fall for the first time in nearly two months, following further losses on both major benchmarks.
Gazprom’s oil arm revels in record profits as the West warns Russia about sanctions February 17, 2022 Gazprom Neft has reported recorded profits while the West warns Russia of sanctions against key companies if it invades Ukraine.
Oil rallies stutter as US-Iran talks reach final stages February 17, 2022 Oil prices have dropped this morning as talks to revive the aborted nuclear deal with Iran have progressed over recent days.
Oil slumps as Russian troops return to base and investors cash-in on market rallies February 15, 2022 Profit taking from investors and reports of Russian troops pulling back from Ukraine's borders has weighed down oil prices.