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Oil

  • BP set for slower first quarter profits and revenue amid lower oil prices

    May 5, 2024

    BP is expected to announce slowing profits and revenues for the first quarter of 2024, as it wrestles with lower oil prices and weaker refining margins than this time last year. The oil super major will give its latest quarterly results in an update on May 7, with profit expected to come in at £5.07 [...]

  • High commodity prices could keep inflation elevated, World Bank warns

    April 25, 2024

    The World Bank has predicted that commodity prices will fall just three per cent in 2024 and four per cent in 2025.

  • Is Ithaca Energy’s £754m buy of Eni’s North Sea oil and gas assets a good deal?

    April 24, 2024

    Dark clouds of political uncertainty and the green transition hang over Ithaca Energy's blockbuster £756m buy.

  • Fossil fuel generation of UK electricity hits all-time low

    April 24, 2024

    Energy think tank Carbon Tracker today said that on Monday, April 15th, just 2.4 per cent of UK electricity came from fossil fuel sources.

  • Serica Energy chief: ‘High commodity price windfall long gone’

    April 24, 2024

    Serica Energy today announced its first share buyback programme, totalling £15m.

  • Shell and Total Energies reportedly mull stake in Middle East LNG super-project

    April 23, 2024

    UK oil and gas supermajor Shell is reportedly considering buying a stake in the Abu Dhabi National Oil Company's (ADNOC) liquefied natural gas (LNG) export project in the United Arab Emirates (UAE).

  • Markets react: Oil and gold prices rise after Israeli missiles hit Iran

    April 19, 2024

    The spike in oil prices came after US officials said Israel launched missile strikes on Iran in response to the Iranian drone strikes launched over the weekend.

  • Equity markets shrug off geopolitical concerns after Iranian strikes

    April 15, 2024

    Equity and commodity markets largely shrugged off geopolitical concerns following Iran's unprecedented drone strikes on Israel over the weekend.

  • Comments from ex-chief send the Shell share price to an all-time high

    April 10, 2024

    Shell's share price hit £2,861 per share in early morning trading today.

  • Trading house Vitol reports another bumper year of profit on higher gas trading volumes

    April 8, 2024

    Russell Hardy, the group's chief executive noted in a statement last month that the energy markets have become "ever more important and ever more complex."

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