Increasing numbers of oil tankers are now filling up on crude in the Red Sea, as shipping firms abandon hopes of the Strait of Hormuz reopening. This shift represents a
Oil and Gas
201Articles
Global oil prices experienced a decline on Thursday following a surge to a four-year high, amid concerns over the ongoing conflict in the Middle East. Brent crude, the international benchmark,
President Donald Trump announced that the United States would uphold its naval blockade of Iran until the Iranian regime agrees to a nuclear deal. Speaking at a state dinner, Trump
Ed Miliband has condemned BP’s profits as “morally and economically wrong” following a dramatic surge in the company’s earnings amid rising geopolitical tensions. The Energy Secretary’s criticism came after BP
The United Arab Emirates has made the significant decision to exit the Organisation of the Petroleum Exporting Countries, OPEC, marking a pivotal moment in the global oil landscape. This announcement
Shell has successfully secured a sixteen billion dollar deal for the acquisition of Canadian shale producer ARC Resources, marking its largest acquisition in over a decade. The transaction, valued at
Brent crude oil prices have reached their highest level in nearly three weeks, climbing to approximately 108 dollars a barrel as geopolitical tensions escalate. Analysts at Goldman Sachs have revised
BP has encountered significant pushback from investors following the company’s decision to dilute its commitments to net zero emissions. This shift in strategy has raised concerns among stakeholders who were
BP has announced robust trading results for the first quarter of 2026, attributing this success to significant fluctuations in oil prices resulting from ongoing conflicts in the Middle East and
Donald Trump has openly condemned the United Kingdom’s recent energy policies, specifically targeting Ed Miliband’s prohibition on new oil and gas exploration in the North Sea. The former US President
Oil prices have returned above £100 per barrel as tensions escalate in the Strait of Hormuz. The United States is positioning naval forces to enforce a blockade in response to
EnQuest has been penalised with a £16.5 million fine due to its inability to decommission 33 defunct wells located in the North Sea. This action comes despite the company’s justification
The Minerva Gloria, an 820-foot tanker laden with 400,000 barrels of Venezuelan crude oil, recently docked in Mississippi Sound, marking a significant shift in American energy sourcing that would have
A drone strike targeting Russia’s principal Black Sea oil export terminal at Novorossiysk resulted in fire during the early hours of Monday, marking an escalation in Ukraine’s strategic campaign against
Kazakhstan has confirmed that crude oil shipments through the Russian port of Novorossiysk continue uninterrupted following a drone attack on the facility. The nation’s Ministry of Energy issued a statement
European natural gas futures opened higher on Tuesday as markets monitored escalating tensions in Iran following President Donald Trump’s threat of military action should the Strait of Hormuz remain closed
