The price of Brent crude has fallen below sixty dollars a barrel for the first time since May, as markets respond to potential progress in talks to end the conflict
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Oil prices are heading towards their lowest point in two decades aside from the pandemic downturn, according to forecasts from JP Morgan. The bank projects the price of Brent crude
The chief executive of BP has asserted his confidence in delivering a long-awaited turnaround for the energy giant, even if oil prices decline further. After a year marked by a
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,
Shell is set to take a substantial noncash impairment of $600 million dollars for the third quarter after abandoning the construction of what would have been one of Europe’s largest
The global oil market is heading towards a historic oversupply in 2026, driven by aggressive production increases from the Saudi-led Opec+ bloc, as worldwide demand falters. The International Energy Agency
The global financial markets reacted positively following President Donald Trump’s decision to extend the truce in the ongoing trade dispute between the United States and China for an additional ninety
Oil and gas markets face unprecedented volatility as Iran threatens to block the Strait of Hormuz, potentially triggering a catastrophic surge in UK household energy bills to £4,500 annually. The
The total volume of active fuel oil exports from Russia to India and Turkey has seen a significant upturn as prices plummet. This news comes amidst a backdrop of rising
Oil prices have witnessed a substantial 10 per cent increase over the past week amid growing tensions between Israel and Iran, prompting warnings from the UK’s Chancellor Rachel Reeves about
Brent crude oil prices plummeted below $60 a barrel, marking a significant drop not seen since April 2021. The decline has been attributed to widespread fears regarding a slowdown in
Saudi Aramco has announced a significant decline in dividends for 2025, marking almost a 30 per cent reduction from the $124 billion distributed last year to a total of $85.4
Former US President Donald Trump has issued a direct challenge to OPEC and global central banks during his address to the World Economic Forum in Davos. Speaking via video link,
Global markets faced renewed pressure today as oil prices climbed to their highest levels since August, intensifying worries about inflation and interest rates that have already triggered significant bond market
