Oil headed for its worst week in a month after US President Donald Trump called for new tariffs on Chinese goods, souring investor optimism that tensions between the world’s two largest economies will ease with negotiations.
Lansdowne Oil & Gas said today that it expects to raise £900,000 through the placement of 69 million new ordinary shares.
MSIS said yesterday it was on track to rapidly grow its share of the global oil and gas environmental services market after a near-£1million investment in expansion during its last full trading year.
Scottish firm Glacier Energy Services announced a new organisational structure yesterday, saying its new set-up was more efficient and better focused on international growth.
China wants its first-ever oil futures contract to be done just right, rather than too hot or too cold.
Wall Street is shocked, but it shouldn't be: Tariffs targeting China should have been a given, and now the market's tanking on trade war fears as if it just crept up on everyone, but Trump's been very clear on this.
Brent held near $70 a barrel after Saudi Arabia intercepted multiple ballistic missiles fired by Houthi forces in Yemen.
China launched its first ever crude-futures contract as the world’s biggest oil buyer seeks to wield greater power over pricing and challenge benchmarks in the U.S. and Europe.
Stocks tumbled round the world after President Donald Trump’s slapped tariffs on China and Chinese policy makers took retaliatory steps of their own, sparking fears a trade war could hurt global growth. Treasuries extended gains and the dollar fell.
Oil held above $61 a barrel, paring the weekly loss, as investors weighed surging U.S. crude production against a warning from the International Energy Agency of an impending shortfall in global supplies.
Energean Oil and Gas said today it intends to raise £330million from an initial public offering in London.
Natural gas markets have responded to a plea for fresh supplies in the U.K. after a blast of Arctic air lifted demand for heating and electricity.
Advertising goliath WPP was sent crashing into the red on Thursday after investors were left unimpressed by tumbling sales and its bleak outlook for the coming year.
Londoners this morning woke up to the rare sight of the city blanketed in snow as the icy blast from Siberia that’s causing havoc across Europe will linger for at least this week.
Oil is poised for its first monthly decline in six months as a rally at the start of the year fades on growing fears over booming U.S. shale supply.
Crude lost steam as the International Energy Agency warned about seemingly unstoppable U.S. shale production against the backdrop of swelling American oil stockpiles.
Oil headed for a second weekly increase as a surprise pullback in U.S. crude inventories compounded signs that a global glut is easing.
London-based offshore drilling company Noble Corporation has reported a loss of $24.6million (£17.7million) in its Q4 results.
Xodus Group, the Aberdeen-based energy consultancy is now majority-owned by Subsea 7 following a deal struck between the two companies tonight.
Brent crude fell from a two-week high as the market weighed forecasts for a surge in U.S. production against OPEC’s success in accelerating the pace of draining a global glut.
Oil shook off some of the fears that had rattled the market to extend gains above $62 a barrel as the dollar weakened and global equities rebounded from a rout.
Shares in Rockrose Energy were today readmitted for trading on the London Stock Exchange.
For decades, Saudi Arabia was the voice of moderation within OPEC, pushing back against the urging of members like Venezuela and Iran for higher oil prices. That role seems to be shifting.
Surging output of U.S. shale oil won’t be a “huge distorter” of efforts by global crude producers to clear a glut, according to OPEC’s president.
While oil is rebounding from its biggest weekly decline in two years, a surge in U.S. shale still looms over the market.