Aramco sustains payouts to investors as profits slide to just £26.5bn November 7, 2023 Saudi Arabia has slash=ed oil output to prop up prices alongside OPEC allies
Concerns over shortages keep oil prices high as Saudi Arabia and Russia stand firm on supply cuts November 6, 2023 Saudi Arabia will be responsible for additional voluntary cuts of one million barrels per day — while Russia has slashed roughly 300,000 barrels per day from its output.
King’s Speech: What to expect from the State Opening of Parliament? November 6, 2023 King Charles will make his first King’s Speech in Parliament on Tuesday as he outlines the government’s legislative agenda for the next year.
Oil heads for weekly loss as Israel-Hamas war risk premium wanes November 3, 2023 Both benchmarks gained more than $2 a barrel on Thursday, but were on track to lose up to 3% on the week.
Oil mega deals lift October M&A activity despite year-to-date declines November 2, 2023 Mega deals in the oil industry hiked October merger and acquisition activity to its highest level in 17 months.
Oil prices rise ahead of US interest rate decision November 1, 2023 Oil prices climbed more than one per cent today as investors await the latest interest rate decision from the US Federal Reserve.
Oil prices could surge above $150 per barrel if Hamas-Israel conflict escalates October 30, 2023 Oil prices have dipped in this morning's trading, with investors waiting to see whether the US Federal Reserve hikes rates again.
FTSE 100 close: London ticks up on economic data, banking stocks pare losses October 24, 2023 London’s FTSE indices closed higher on Tuesday, paring losses from this morning as investors mulled key economic data and the state of the UK’s banking sector. The blue-chip FTSE 100 traded 0.2 per cent higher at 7,389.70, while the mid-cap FTSE 250 dropped 0.38 per cent to 16,994.10. Investors weighed S&P Global’s Purchasing Managers’ Index, [...]
Global uncertainty strengthens case for UK oil and gas, says industry boss October 23, 2023 Emerging geopolitical challenges are strengthening the case for domestic oil and gas production, argued the chief executive of OEUK.
Oil markets rattled by fears of escalating conflict in Middle East October 15, 2023 Oil prices will begin trading tomorrow following a sharp surge in prices, with investors spooked by the prospect of protracted conflict in the Middle East.