Substantial investment uncertainties for UK remain despite raft of assurances
While substantial investment uncertainty remains in the UKCS, the year has seen examples of risk-reducing policies from an investor standpoint, writes Professor Alex Kemp
crude oil prices
Investors wait to find out how falling oil price hit BP’s summer
Falling oil prices hit Shell in the third quarter of the year, but investors will want to see for themselves on Tuesday whether BP will also post massive profits regardless.
Oil’s sizzling rally takes a breather after tumultuous week
Oil is heading for the biggest weekly decline since November, taking a breather after a period of wild trading and a surge in prices that followed Russia’s invasion of Ukraine.
‘Largest energy crisis in decades’ as market reacts to Russian oil embargo plans
Oil prices could nearly double by the summer if more countries follow suit in banning Russian oil imports, analysts have forecast.
IEA says end of oil price rally in sight as production recovers
The tightness in global oil markets that propelled prices to a seven-year high is starting to ease as production recovers in the U.S. and elsewhere, the International Energy Agency said.
Understanding how crude oil and currency prices are connected
Oil, as the world's most heavily-traded natural resource and the bedrock foundation of some of the planet's largest economies, has always had a strong impact on virtually every area of economics and finance. The global oil trade is estimated to be worth something in the region of around $4 trillion a year in revenues, or about 3.8% of global GDP.
Canada set to increase oil production despite glut
Canadian oil production to continue increasing through 2017 despite lower crude oil prices.
Tumbling cost of crude behind oil firm losses
BP’s mammoth annual losses have laid bare the impact of the tumbling cost of crude, with the rout now reaching levels not seen since the oil price crash in 1986.
Mexican crude shipments to Europe and Asia rise as US imports fall
Monthly US crude oil imports from Mexico totalled 0.6 million barrels per day (b/d), the lowest level since 1990, and a decrease of about 50% since January 2011, according the US Energy Information Administration.
Chevron’s earnings tumble 15%
Oil and gas company Chevron said yesterday its pre-tax profits fell 15% year-on-year to £6.6billion for the first quarter of 2013.
BP’s £1.9bn haul down 53% on previous year
Oil giant BP announced a slump in quarterly profits yesterday, but said it continued to steer a steady course through choppy waters.
Lybster looks for future oil spin-offs
A trust is being planned to provide community spin-offs from any future onshore oil drilling operation off Lybster.
US major could cut workforce in North Sea
North Sea jobs could go at ConocoPhillips, the third biggest American oil and gas company.
Hopes dashed of early start to far north oil industry
Hopes of an early start to what would be the first commercial oil operation in Caithness have been dashed.
Oil could drop to $25 a barrel
Oil prices are likely to keep falling until well into next year and could drop as low as $25 a barrel before recovering, according to a research report from US investment bank Merrill Lynch.
Anger as oil giant profits soar 148%
Oil giant BP sparked anger yesterday after posting its biggest quarterly profits haul of $10billion (£6.4bn).
Energy giant announces bumper profits as petrol prices rocket
Rocketing oil and gas prices helped BP to bumper profits yesterday as motorists continue to feel the pain at the petrol pumps.
RBS reckons oil overpriced
Output of oil and gas from the UK continental shelf increased slightly in January compared with December, but was down year-on-year, from 2,798,983 to 2,502,320 barrels of oil equivalent per day, according to the latest Royal Bank of Scotland oil and gas index.
Scots motorists see petrol price break £5-a-gallon barrier
The average price of petrol in Scotland has broken the £5-a-gallon mark for the first time as a result of the strike action at Grangemouth, according to a price-comparison expert.