Oil prices have surged past £90 a barrel, driven by concerns over potential disruptions to energy supplies from the Middle East. Brent crude, the global benchmark, saw an increase of
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As oil tanker traffic through the Strait of Hormuz grinds to a halt, tensions in the region have escalated significantly. This critical route, which sees a substantial portion of the
The ongoing conflict in the Middle East poses significant challenges for the United Kingdom’s economy, which is increasingly susceptible to rising energy costs and persistent inflation. The region’s instability has
Ed Miliband is encountering renewed pressure to reconsider his ban on oil and gas exploration in the North Sea. This development comes in the wake of Denmark’s announcement to extend
Tullow Oil, the London-listed exploration and production company with operations concentrated in Africa, has successfully concluded a substantial refinancing arrangement that extends its debt maturities by approximately two and a
Hungary is contemplating the suspension of electricity and natural gas deliveries to Ukraine should Kyiv fail to expedite the restoration of Russian crude oil flows through the Druzhba pipeline. The
At least three vessels subject to United States sanctions have arrived in recent weeks at the Alang demolition hub on India’s western coast. This follows a record 15 dark fleet
Energy companies operating in Norwegian offshore waters anticipate a reduction in oil and gas investment during 2026 compared with the previous year, as major field development projects approach completion. The
RBC Capital Markets has downgraded Shell to Sector Perform from Outperform, expressing significant concerns regarding the energy major’s resource depth following what the bank characterised as an unusual double miss
An oil drilling consultant, Russel Gerrity, has been fined £309,843 for engaging in insider dealing related to undisclosed exploration well results. The Financial Conduct Authority (FCA) reported that Gerrity profited
Royal Dutch Shell’s fourth quarter 2025 trading update has prompted questions from City analysts regarding the sustainability of its 3.5 billion dollar quarterly share buyback programme, following a performance that
Equinor has committed approximately 10 billion dollars in contractual agreements with suppliers as the Norwegian energy major seeks to maintain elevated oil and gas production levels across its offshore Norwegian
India’s largest refiner has indicated potential interest in resuming Venezuelan crude purchases, contingent upon approval from Washington for sales to non-US buyers. This development follows recent political changes in Venezuela
Oil prices extended their advance during early Asian trading on Friday, building upon sharp gains recorded in the previous session as markets increasingly factored in geopolitical risks spanning multiple critical
Saudi Arabia’s recent decision to reduce official selling prices has generated substantial additional demand from Asian refiners, with buyers excluding China ordering an extra 9 million barrels of Saudi crude
The Venezuelan oil sector has languished for years under the weight of chronic underinvestment, deteriorating infrastructure and endemic corruption. Following recent military action in Caracas that resulted in the detention
