Trump issues fresh trade threats as oil hits third weekly drop
Oil posted a third weekly loss, as Saudi Arabia’s reassurances that it won’t flood the global crude market failed to offset a 4.2 percent price drop at the start of the week.
Markets
UK inflation set to rise on soaring fuel and energy prices
Recent hikes in energy costs and petrol prices are expected to send UK inflation to its highest level in four months when official figures are disclosed on Wednesday.
JP Morgan raises oil price forecast, but expects cut in demand-growth
Investment bank JP Morgan has raised its oil price outlook, but lowered forecasts for crude demand due to rising uncertainty on international trade,
UKOG raising £2m from new shares
UK Oil and Gas Investments (UKOG) has raised £2 million via a placing of 100 million new ordinary shares at 2p per share.
Sound Energy to raise $15m from new share issue
Morocco-focused Sound Energy will raise $15 million from the placing of 30.8 million new shares.
FTSE 100 rebounds amid trade tensions
The FTSE 100 staged a mini rebound on Tuesday but trade tensions triggered by US President Donald Trump continued to grip investors.
Cluff shares sink as company ‘considers’ new share issue
Shares in Cluff Natural Resources (CNR) plunged today after the company said it was "considering" a new equity issue.
Trinity shares plummet after share placing announcement
Oil firm Trinity Exploration and Production has conditionally raised £13.7 million through the placement of new shares.
Market lifted as OPEC meeting signals a surge in oil price
London’s blue-chip index was lifted on Friday as oil-related stocks were helped by the outcome of a key meeting of the Organisation of Petroleum Exporting Countries (Opec).
Saudi oil minister says timing of Aramco IPO ‘isn’t critical’
Saudi Oil Minister Khalid Al-Falih signaled the possibility the initial public offering of Saudi Aramco could be delayed beyond 2019, saying that "timing isn’t critical for the government of Saudi Arabia."
Brent below $74 as OPEC nearer to output boost
Brent crude oil fell to below $74 a barrel as OPEC and its allies inched closer to reaching an agreement on relaxing output curbs at a meeting in Vienna this week.
Azerbaijan-focused Zenith raises £2.2m through share placing
Azerbaijan-focused Zenith Energy has raised £2.2 million through the placing of 54.2 million new common shares.
Iran can block OPEC agreement, but Saudi can bypass veto
Even with Iran threatening to block an increase in OPEC’s oil production, Saudi Arabia still has options.
Inflation holds steady despite surging oil prices
Inflation held steady in May, despite surging oil prices due to tensions in the Middle East.
Oil bulls lose heart as mega producers signal more supplies
It’s tough to stay positive on crude when the world’s three oil superpowers are likely to increase production.
Global oil benchmarks pulled apart in sign of market discord
Long-established relationships between the world’s most important oil prices are being strained by conflicting forces across the globe.
Premier Oil to join FTSE 250 next month in ‘positive move’
Premier Oil’s entry to the FTSE 250 index later this month is a “positive” move for the exploration and production company, an analyst said today.
Oil’s rally to 3-year high choked by fear of Opec output revival
Oil’s rally to its highest level since 2014 was curtailed this month after two of the world’s biggest crude suppliers signaled they may scale back historic output cuts that helped drain a global glut.
Oil holds losses as market turmoil adds to fear over Opec output
Oil held losses below $67 as global risk assets slid on renewed trade tensions between the U.S. and China as well as political turmoil in Europe, with concerns simmering that OPEC may ease its output curbs.
Oil slumps as Saudis, Russia say reviving output on the table
Oil headed for its longest run of losses in almost four months as Saudi Arabia and Russia said they are discussing reviving output to ease consumer anxiety after prices jumped to levels last seen in 2014.
Oil heads for weekly loss as Opec and partners mull easing curbs
Oil is poised to post its first weekly decline in almost a month as Saudi Arabia and Russia said they’re discussing easing global output cuts while the risk of Iranian and Venezuelan supply disruptions linger.
US oil slips as stockpile shock helps boost discount to Brent
Oil in New York slipped on a surprise gain in inventories, with American crude near its weakest level in more than three years versus benchmarks elsewhere.
FTSE 100 hits record high as trade war fears ease
The FTSE 100 hit a record high on Monday as fears of a trade war between the US and China dissipated and the pound continued its downward trajectory.
Crude oil’s surge putting the ‘petro’ back in petrocurrencies
The currencies of some of the world’s top oil producers are set to become intertwined with crude prices once again as the commodity surges to the highest since 2014.
FTSE 100 pulls back from all-time high as profit-taking hits European stocks
The FTSE 100 fell back from all-time highs as investors cashed in on a strong week for European stocks.