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Oil prices

  • Efficacy of new oil and gas licenses in doubt ahead of key MPs bill debate

    January 19, 2024

    Global Witness figures show UK production has fallen 60 per cent during a time when 1,680 new exploration licenses were granted.

  • No LNG left in the Red Sea as Houthi attacks clear shipping waters

    January 17, 2024

    https://www.cityam.com/lng-fleets-to-overtake-oil-supertankers-in-global-gold-rush/

  • Why gas – yes, gas – is set for a starring role in the green transition

    January 15, 2024

    Natural gas is going to play a big role in bridging the world towards cheaper renewables, but not everyone's happy about it

  • Cameron: We’ll strike the Houthis again if attacks continue

    January 14, 2024

    The UK is “prepared to back our words with actions”, David Cameron has said, after military action was taken against the Houthis over their attacks in the Red Sea.

  • US politics and fallout from Houthi airstrikes to guide markets next week

    January 14, 2024

    Trump is expected to win in Iowa, but markets will be paying attention to the margin of victory as well as how his closest rivals perform.

  • Oil leaps as strikes on Yemen’s Houthi rebels fuels Straits of Hormuz closure fears

    January 12, 2024

    Around 20 per cent of the world's oil passes through the Iran-controlled Straits of Hormuz each day

  • Oil prices soar two per cent following US-UK military strikes on Houthi rebels in Yemen 

    January 12, 2024

    Oil prices surged by over 2% on Friday due to military strikes conducted by the United States and Britain against Houthi military targets in Yemen.

  • Oil from new licences ‘would make little difference’ to UK energy security

    January 8, 2024

    Oil from new licences granted to North Sea producers and sent to UK refineries would account for less than one per cent of the fuels used here in 2030, analysis has found.

  • Oil Prices rise on Middle East supply fears 

    January 4, 2024

    Brent crude gained 0.3% to hit $78.46 per barrel, while U.S. West Texas Intermediate crude futures increased by 0.43% to $73.01

  • North Sea’s biggest oil and gas producer, Harbour Energy strikes £9bn deal for German peer

    December 21, 2023

    Harbour Energy on Thursday agreed to acquire Wintershall Dea's non-Russian oil and gas assets in a £9bn share and cash deal with BASF and LetterOne.

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