Brent crude extended gains as Saudi Arabia expressed hope that OPEC and its allies will agree to extend production cuts into the second half at a meeting that will probably take place early next month.
Investors in offshore rig contractor Gulf Marine Services (GMS) showed their anger by heavily voting against bosses’ pay packages at its annual general meeting yesterday.
Brent crude traded around $70 a barrel as a two-day rebound petered out on signs the U.S. and China are still far from reaching a trade deal, while supply risks from the Persian Gulf to Venezuela kept investors wary.
This week could mark the beginning of the end for the biggest equities play in Middle Eastern markets: the upgrade of Saudi Arabia to emerging-markets gauges.
The FTSE 100 has lifted higher despite Theresa May's resignation announcement, as an uplift in US-China trade relations dominated sentiment.
Westwood Global Energy reports that there were three active exploration wells at the time of writing(April 30).
Westwood Global Energy reports that at the end of April, three exploration wells were active, with two in the West of Shetlands and one in the Central North Sea.
Top-flight shares in London finished the day in the red on Tuesday, but losses were pared by a dip in the value of the pound.
The FTSE 100 ended the day higher on Wednesday while the pound was held back by Brexit worries following Theresa May's desperate plea to Jeremy Corbyn to help end deadlock in Westminster.
The FTSE 100 racked up its highest points tally of the year on Tuesday as the pound came under selling pressure off the back of renewed Brexit fears.
The pound gained ground on Monday as traders pinned their hopes on a fresh Brexit deal being presented to Parliament this week.
Ophir Energy Plc’s takeover by Medco Energi Internasional Tbk could be blocked by a contingent of the U.K. company’s shareholders who want a higher offer, according to some of the investors.
The FTSE 100 edged higher on Monday as investors grew sanguine on the progress of US-China trade relations.
Inflation fell below the Bank of England's target for the first time in two years in January thanks to the new cap on energy prices.
The FTSE 100 rallied on Tuesday led by oil giant BP as the pound weakened and investors shrugged off concerns about eurozone economic growth.
The FTSE 100 ended the day in positive territory on Thursday as strong results from Royal Dutch Shell and Diageo helped investors look past wider economic headwinds.
Ophir Energy has agreed to a takeover by Indonesia's Medco in a deal that values the London-listed company at £390 million.
Oil extended its retreat as investor appetite for risk assets shrank and uncertainty persisted over how much OPEC will need to cut output to counter booming U.S. shale supplies.
The board at London-listed oil firm Ophir Energy has rejected a takeover offer from Indonesian company Medco.
London's blue-chip index and oil prices traded higher on Tuesday as investors were bullish over a possible breakthrough in trade talks between the US and China.
Norwegian oil firm DNO said today that it had snapped up more equity in takeover target Faroe Petroleum.
Brent crude oil averaged $72 per barrel (b) in 2018, and West Texas Intermediate (WTI) averaged $65/b in 2018.
Shares in Ophir Energy climbed rapidly after the London-based exploration and production firm confirmed talks with a potential new owner.
Oil headed for its first annual decline since 2015, slumping more than 20 percent in a turbulent year that saw fears of supply scarcity turn to expectations of a surplus.
Shares in Cabot Energy capitulated on Monday after the firm said it is fighting for survival and has commenced crunch talks with investors to raise emergency cash that will allow it to stay afloat.