FTSE flat as investors wait to see result of EU vote
London’s premier index was flat as investors paused for breath ahead of Thursday’s vote on Britain’s membership of the European Union.
oil price
Oil halts gain near $49 as markets await Brexit vote, stockpiles
Oil halted gains near $49 a barrel as markets awaited the U.K. referendum on staying in the European Union and weekly U.S. stockpile data.
BP can keep reduced spending level for another three Years, says Dudley
BP can keep spending at a reduced rate of about $17 billion for another three years without affecting growth, chief executive Bob Dudley said.
Oil gains and pound bounces back as Brexit concerns ease
Sterling and the London market swung back into positive territory on Friday morning amid easing concerns over a British exit from the European Union.
Oil pares biggest weekly drop since April
Oil pared the biggest weekly decline in more than two months as the dollar extended its retreat, increasing the appeal of commodities priced in the U.S. currency.
Oil bosses see volatility easing with crude around $50
Crude is stabilizing around $50 a barrel and may only average $55 next year as the global oversupply continues to cap prices, according to two of the world’s top oil executives.
Cost of renewables set to plummet in next 10 years
The cost of renewables technology is set to keep falling into the next decade, boosting the economic case for clean energy, according to an industry group.
IEA sees oil market balancing in 2017
The global oil market will be almost balanced next year as demand continues to rise faster than production, while the current oversupply is much smaller than previously thought, the International Energy Agency said.
As oil hits $60 the shale guys are jumping back in
Crude’s advance of more than 90% from a 12-year low earlier this year has US shale producers starting to return to their drilling rigs, threatening to slow further gains.
Opinion: Billionaire investors back a gold price rally in 2016
It wasn't so long ago that some of the more famous investor gurus were shrugging off gold as nothing more than shiny trinkets with no investment value. They were wrong. This safe haven is back, the recovery is clear, and there have been some very big changes of heart.
Opinion: OPEC meeting yields little change in policy
As expected, the OPEC meeting concluded in Vienna on 2 June without agreement on a production ceiling.
Higher oil prices help FTSE into positive territory
London’s FTSE 100 Index edged back into positive territory amid higher oil prices as investors focused on a crunch meeting between members of the Opec cartel.
Oil holds near $49 before OPEC meeting as Saudis consider deal
Oil held near $49 a barrel as OPEC ministers prepare to convene in Vienna amid speculation Saudi Arabia is considering a deal to mend divisions within the group.
U.A.E. sees oil market correcting itself ahead of OPEC meeting
The global crude oversupply that has caused prices to slump since 2014 is correcting itself, the oil minister of the United Arab Emirates said Tuesday on arrival in Vienna ahead of an OPEC meeting this week.
US petrol prices hit seven year low as Memorial Day arrives
The US average retail price for gasoline dipped to $2.30 per gallon - the lowest average price since 2009.
Shale drillers hold off retiring rigs as cash flows improve
Oil explorers in the U.S. put a pause on their rig cancellations this week as improving technology and rising prices make some basins more profitable.
Oil price increase leads to petrol price hike
The surge in the price of oil has scuppered hopes that petrol prices would stop increasing, according to figures.
Oil gains as US output continues to decline
Oil headed for a second weekly advance as U.S. crude production continued to decline and wildfires in Canada expanded.
24th Oil and Gas survey report makes grim reading for North Sea
Oil and gas operators have seen a 15% reduction in their UK-based headcount over the past 12 months – and they expect a further decline of 17% in the year ahead.
Oil price jumps as supply shortens and surplus dries up
Oil prices jumped more than 2% on Monday to their highest since November 2015 as Goldman Sachs said the market had ended almost two years of oversupply and was in deficit.
Adnoc said to be cutting 5,000 jobs
Abu Dhabi's state-owned National Oil Co (ADNOC) plans to cut 5,000 jobs by the end of the year, and 2,000 of the lay-offs have already been carried out, Middle East news service MEED has reported.
Goldman Sachs forecasts deficit amid increasing demand
Oil advanced as Goldman Sachs said the market moved into a deficit earlier than expected and China’s refineries processed crude at record rates.
IEA sees a smaller global oil surplus than anticipated
The global oil surplus in the first half of this year will probably be smaller than previously estimated because of robust demand in India and other emerging nations, the International Energy Agency said.
BHP Billiton bucks trend by looking to accelerate oil and gas exploration
The boss of BHP Billiton said the commodities giant will not wait for prices to recover and will invest in its oil division as it pursues "quality growth projects".
Crude volatility lessens as prices rise from early 2016 levels
Historic volatility in the crude markets appears to be lessening as prices rise gradually since early 2016.