Russia-driven crisis exposes UK’s energy madhouse
With gas prices now more than five times the cost of a barrel of North Sea benchmark Brent Blend, the outlook for energy across Europe including the UK, is shocking.
oil price
Oil’s rough week ends with rebound on OPEC+ risk, Iran setback
Oil rose on Friday -- paring a hefty weekly decline -- before an OPEC+ meeting on supply at which Saudi Arabia could push for output cuts, and as efforts to revive an Iranian nuclear accord suffered a setback.
Oil endures choppy start to week with demand concern to the fore
Oil shook off an early slump at the week’s open to push higher as investors weighed up prospects for demand ahead of a barrage of intelligence from leading energy players on the market outlook.
Oil suffers deep weekly loss as concerns over demand intensify
Oil headed for a punishing weekly loss on increasing evidence that a global economic slowdown is spurring demand destruction, with prices collapsing to the lowest level in six months as key time spreads contract.
Shell expected to report ‘another monster set’ of financials with Q2 results due tomorrow
Supermajor Shell (LON: SHEL) has been backed to replicate the eye-watering profits it reported earlier this year.
Why UK petrol prices aren’t plunging with oil price
Ask any UK driver about the soaring price of petrol and they’ll probably tell you something like this: prices always rise with oil, but they never seem to track it lower.
Oil sinks as China’s covid resurgence overshadows tight market
Oil declined as the prospect of more demand-sapping virus restrictions in China overshadowed signs of a tightening market.
Oil swings as G-7 mulls Iran deal revival, cap on Russian oil
Oil traded near $107 a barrel in New York as investors monitored developments from the gathering of Group of Seven leaders, and two supplier countries flagged potential output cuts due to political unrest.
Oil prices put Aberdeen property market ‘on cusp of rebound’
A rise in interest rates has sparked fears that rising costs for home owners and buyers will dampen the market – although Aberdeen might resist this trend as the energy market heats up.
Oil pares gains ahead of OPEC+ talks as EU plans Russian ban
Oil pared gains before an OPEC+ meeting on supply strategy, after earlier stretching an advance that followed the European Union’s announcement Wednesday of a phased ban on Russian imports.
BP reports underlying profits of £4.9bn despite impact of Rosneft exit
“Exceptional” oil and gas trading meant BP (LON:BP) raked in healthy profits in the first three months of 2022.
Geopolitical tensions driving M&A activity
Anderson Anderson & Brown Corporate Finance (AABcf) is delighted to share with you our Deals+ update for Q1 2022 in conjunction with Energy Voice, highlighting selected energy M&A and Fundraising transactions across the UK.
Exxon triples share buybacks to $30 billion
Exxon Mobil tripled its share-buyback program to as much as $30 billion after profits surged amid Russia’s invasion of Ukraine and a rally in worldwide energy prices.
Chevron reaps biggest profit in almost 10 years on oil rally
Chevron posted the highest quarterly earnings in almost a decade as soaring energy demand and Russia’s war on Ukraine strained global supplies, ratcheting up prices for everything from natural gas to diesel.
JPMorgan sees risk of $185 oil if EU acts quickly on Russia ban
If the European Union is serious about squeezing Russian oil, it may need to brace for some pain.
Oil fluctuates as traders assess China’s vow, unrest in Libya
Oil fluctuated as China vowed to repair the economic damage caused by a spate of lockdowns, and crude supplies from Libya were disrupted.
Oil gains as week opens on Libyan Disruption, Russia’s Warning
Oil climbed as supplies from Libya were interrupted and Russia warned of the potential for record prices if more nations ban its energy.
Oil extends surge on specter of fresh sanctions against Russia
Oil advanced for a second day as the US and Europe prepared to impose a fresh wave of sanctions on Russia for alleged atrocities committed by its forces against civilians in Ukraine.
Petrol prices will fall ‘quickly’ but gas for home heating to stay high for years – report
Petrol prices at the pump are set to fall but the price of gas for home heating is likely to stay high, new analysis has revealed.
Oil extends drop below $100 as US plans huge reserves release
Oil slid below $100 a barrel and is heading for the biggest weekly loss in almost two years after the Biden administration ordered an unprecedented release of strategic U.S. reserves to tame rampant prices
Boris Johnson wants ‘climate pass’ for gas industry to wean West off Russian supply
Boris Johnson wants a “climate change pass” for the gas industry to wean western countries off supplies from Russia.
Elon Musk joins calls to increase oil and gas production
Entrepreneur Elon Musk has unexpectedly added his name to the list of the those calling for more oil and gas.
Brent Crude oil price hits $117 as Russia invasion upends market
Oil soared to the highest price level since 2008 as buyers continued to shun crude from Russia following its invasion of Ukraine, while OPEC+ is doing its best to ignore the war started by one of its key members.
Oil surges to highest since 2014 as more Russia sanctions loom
Oil soared as the Russian invasion of Ukraine continued to raise the specter of major global supply disruption.
Oil forecast to hit $130 by June
Analysts have been reacting after oil topped $100 a barrel for the first time in years following Russia's invasion of Ukraine.