Oil prices reached a four-month high as uncertainties surrounding military actions in Iran intensified. Brent crude, the international benchmark, climbed above seventy dollars a barrel, reflecting a significant increase driven
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Britain has reportedly become as unappealing for investment as Venezuela due to Labour’s stringent net zero policies impacting the oil industry. A senior figure from the North Sea oil sector
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
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
The recent escalation of United States sanctions on Venezuela presents a significant threat to Chinese oil companies, as the world’s second-largest oil consumer depends on the Latin American nation for
Oil prices maintained upward momentum on Tuesday, reversing earlier losses during Asian trading sessions, as geopolitical risks emanating from Russia and Iran overshadowed persistent oversupply concerns. Trading volumes remained modest
Saudi Aramco is positioned to acquire a 20 percent stake in a planned refinery that India’s state-owned Bharat Petroleum Corporation Limited (BPCL) intends to construct with an estimated total investment
Oil prices are approaching their steepest annual decline since the pandemic-induced collapse of 2020, pressured by mounting concerns over a deepening supply glut. The deterioration in crude markets has intensified
European equity markets achieved record highs during Tuesday’s trading session following a subdued performance across Asian markets, as investors assessed substantial gains heading towards the conclusion of the year. Precious
Three oil tankers insured by a leading British syndicate are at the centre of a developing diplomatic confrontation after they were observed transporting oil from the Venezuelan port of Puerto
A Reuters monthly survey of 35 analysts and economists has revealed growing pessimism regarding oil price trajectories, with projections for both West Texas Intermediate and Brent crude declining below previous
Shell’s chief executive, Wael Sawan, has announced that the company is preparing to capitalise on an anticipated period of depressed crude oil prices by pursuing selective bolt-on acquisitions. Speaking to
Donald Trump stormed back into the White House pledging to “drill baby drill” and promising to unleash a new era of American energy dominance. Yet, contrary to his campaign slogans,
The London stock market’s leading index soared to a new record as the FTSE 100 climbed 63.57 points or 0.7 percent to 9578.57 on Thursday This milestone surpasses its previous
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