British energy majors registered significant gains during early trading as Brent crude prices exceeded 90 dollars per barrel for the first time in more than a month, driven by escalating
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Chevron is progressing towards a significant expansion of its operations in Iraq, with the US supermajor scheduled to execute two memoranda of understanding on Friday. The non-binding agreements represent a
China’s state-controlled liquefied natural gas importers have entered negotiations to secure long-term supply contracts with exporters whose shipping routes circumvent the Strait of Hormuz, according to sources familiar with the
Spot prices for liquefied natural gas in Asia have risen by 10 percent over the past week, reaching the highest levels recorded since March, as renewed tensions in the Middle
The recent announcement of a preliminary peace agreement between the United States and Iran concerning the contentious Strait of Hormuz has elicited significant fluctuations in global oil prices and stock
In a remarkable address during the Wall Street Journal CEO Council Summit in London, Wael Sawan, the chief executive of Shell, offered an alarming perspective on the current state of
The recent upheaval in the Middle East, precipitated by escalating tensions in Iran, is reverberating through global energy markets, leading not only to a dramatic rise in oil prices but
The longstanding tensions between multinational oil corporations and local communities have reached a critical juncture as Shell, the British oil giant, is embroiled in a class action lawsuit filed in
As the United Kingdom grapples with the dual challenges of an economic slowdown and mounting pressure to transition towards sustainability, the call for a revitalisation of North Sea oil and
The head of the International Energy Agency (IEA), Fatih Birol, has issued a stark warning regarding the state of global oil stockpiles, stating that they are depleting at an alarming
In a landscape increasingly shaped by global energy transitions and domestic political strife, the United Kingdom stands at a pivotal juncture regarding its North Sea oil reserves. The Labour Party
The United Arab Emirates, a nation long regarded as a bastion of wealth and stability in the Gulf, is now facing a confluence of challenges that threaten its economic framework
In a striking revelation, Saudi Arabia’s state-owned oil titan, Saudi Aramco, has reported an impressive £5 billion increase in profits, a notable windfall that has largely stemmed from the soaring
The emerging confrontation between the United States and Iran over the Strait of Hormuz represents far more than a geopolitical dispute. It signals a fundamental shift in energy market dynamics
The United Arab Emirates’ withdrawal from the Organization of the Petroleum Exporting Countries represents far more than a procedural departure from a six-decade-old cartel. It signals a fundamental recalibration of
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
