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
oil prices
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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
In a nation steeped in the paradox of vast natural wealth and pervasive poverty, Venezuela’s oil industry emerges as a focal point of global economic intrigue. The country, with the
The Strait of Hormuz, a pivotal maritime corridor for global oil supplies, is now at the forefront of escalating tensions stemming from America’s foreign policy under the Trump administration. With
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
The recent escalation of military conflict between the United States and Iran has brought significant volatility to global oil prices. Since President Donald Trump authorised military strikes, these prices have
The price of Brent crude oil surged to approximately £95 a barrel on Monday, following Iran’s hesitance to confirm its participation in upcoming peace talks with the United States in
The outlook for petrol and diesel prices has taken a turn for the worse following Donald Trump’s threats to intensify military actions against Iran. Reports indicate that tensions have escalated
Oil prices have fallen below the 90 mark, following a declaration from Iran’s foreign ministry that commercial vessels will have unrestricted access through the Strait of Hormuz through the duration
The International Energy Agency has significantly revised its projections for global oil demand, citing the ongoing conflict in the Middle East and the effective closure of the Strait of Hormuz.
Anxiety over fuel shortages is mounting across Australia as hundreds of service stations run out of petrol. The situation has drawn comparisons to the dystopian scenarios portrayed in films such
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
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 recent escalation in the Iran conflict has triggered significant turbulence in the oil market, capturing the attention of retail investors eager for profit opportunities. The oil price, typically characterised
Meg ONeill steps into the role of Chief Executive at BP as the energy landscape shifts dramatically. Oil prices have surged due to the ongoing conflict in Iran, rising above
Iran has adopted a new policy requiring maritime vessels to pay a toll of up to two million dollars in order to transit through the strategic Strait of Hormuz. This
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