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.
Oil prices remain under pressure despite Red Sea disruption December 21, 2023 Oil prices remain under pressure.
OPEC+ looking at output cuts approaching two million barrels a day November 30, 2023 OPEC+ oil producers agreed to voluntary output cuts approaching two million barrels per day (bpd) for early next year led by Saudi Arabia.
Oil prices: Brent steady ahead of OPEC+ production decision on possible supply cuts November 24, 2023 Brent crude futures were steady on Friday as traders kept their powder dry ahead of an OPEC+ meeting that could bring agreement on further supply cuts. Brent crude futures were down eight cents, or 0.1 per cent, at $81.34 a barrel by 0913 GMT, having settled 0.7 per cent down in the previous session. U.S. [...]
Oil watchdogs raise outlooks amidst Israel-Palestine uncertainty November 14, 2023 Global oil markets are creeping back to confidence as two energy watchdogs cast a positive light on the sector this week.
Oil prices slide as China weighs down demand hopes November 7, 2023 Oil prices have tumbled because of weak global demand
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.