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
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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
Somalia stands on the cusp of launching its inaugural offshore oil drilling programme, following the arrival of the Turkish drillship Çagir Bey in Somali waters on Friday. The deep-water drilling
Two liquefied natural gas tankers operated by Qatar have been compelled to abandon their attempt to navigate through the Strait of Hormuz, marking a continuation of the export paralysis that
Sunda Energy has announced a transformational acquisition in New Zealand that marks a decisive shift towards production-led operations, according to chief executive Andy Butler. The move is intended to position
Global oil markets experienced renewed volatility on Monday as President Trump escalated threats against Iran, pushing US crude above USD 114 per barrel in early afternoon trading in New York.
The Glendronach gas field, discovered eight years ago off the coast of Shetland, represents a significant untapped energy asset in UK waters. The reservoir possesses the technical capability to deliver
Iran’s blockade of the Strait of Hormuz has now extended beyond four weeks, presenting significant challenges to global energy markets and prompting Gulf states to reconsider their long-term infrastructure strategies.
