Oil prices unphased by Iran’s assault on Israel as Brent turns lower
Oil shrugged off Iran’s unprecedented attack on Israel, with prices easing on speculation that the conflict would remain contained.
oil prices
Big Oil is beating Big Tech as eyes turn to crucial OPEC meeting
Big tech may be driving the stock market, but after a blow-out first quarter, big oil would like a word.
Top academic warns Scot Gov against using forward oil prices to calculate proposed £20bn investment fund
A leading petroeconomist has cautioned the Scottish Government against relying on forward oil prices when forecasting its future spend.
Oil steadies as traders weigh US sanctions, Iran negotiations
Oil stabilized after U.S. President Joe Biden unveiled sanctions against Russia that avoided the harshest penalties, while progress on the Iran nuclear talks offered to bring some relief to a tightening market.
$100 oil could unlock 2.2 million bpd tight oil surge, says Rystad
Analysis by Rystad Energy suggests a prolonging of current prices could unlock up to 2.2 million barrels per day (bpd) of US tight oil by next year.
$100 oil may be coming within months, Chevron CEO says
$100 oil prices are possible in the next few months as geopolitical risks and “struggling” supply hit global crude markets, said the chief executive of Chevron.
Analyst – Buoyant oil prices a ‘compelling driver’ to tackle maintenance backlog
Higher oil prices may act as a “compelling driver” for North Sea operators to face up to their maintenance and operational backlogs.
Shell won’t abandon green transition in face of higher oil prices, says CEO
Higher oil and gas prices will not see Shell change its green transition strategy to shift away from fossil fuels, the oil giant's CEO has said.
Equinor enjoys oil price profits surge but renewables revenue dips
Equinor enjoyed a boost to profits in the third quarter driven by higher oil prices, while seasonally lower winds dented revenues from renewables.
FTSE avoids big drop as oil and copper prices rise
Indexes across Europe ended in the red again on Wednesday, although the FTSE 100 avoided a major drop thanks to rising oil and commodity prices.
Oil declines after OPEC+ agrees to boost production into 2022
Oil fell after OPEC+ agreed to boost production into 2022, resolving an internal dispute that had shaken the alliance.
Brent oil edges toward $70 with improving fuel demand outlook
Brent oil edged toward $70 a barrel with optimism building about the demand outlook in key regions such as the U.S., even as the coronavirus makes a comeback in parts of Asia.
Oil up as cyberattack knocks out US pipeline
Crude oil climbed along with gasoline in New York after a cyberattack put the largest oil-products pipeline in the U.S. out of action.
Conoco joins big oil’s newfound thrift with plan to cut debt
ConocoPhillips will use a rebound in oil and gas prices to cut debt by about 25% over the next five years, signaling a focus on financial prudence even after completing one of the biggest shale takeovers in recent years.
Oil dips on stronger dollar with mixed demand clouding outlook
Oil dropped as the dollar strengthened, adding more volatility to the market which is facing a mixed demand outlook after a recent rally.
Saudi Arabia tells OPEC+ to ‘keep powder dry’ on output
Saudi Arabia urged fellow members of OPEC+ to “keep our powder dry” before crucial talks about whether to increase oil production next month.
Oil powers ahead as critical OPEC+ meeting looms, markets rally
Oil rebounded from its biggest slump since November ahead of a key OPEC+ meeting that may see some supply returned to a fast-tightening market.
Brent holds above $63 with power crisis hitting US supply
Brent oil edged higher in Asia after closing at the highest in almost 13 months as a deepening energy crisis in the US disrupted crude production and forced the shutdown of some of the nation’s biggest refineries.
New contracts, new Aberdeen base: Bilfinger Salamis buys into a brighter future
New contracts, renewals and the opening of a new Aberdeen base have been flipping the fortunes of Bilfinger Salamis after a stark start to 2020.
OPEC+ inaction could lead to 200 million barrel surplus next year, Rystad says
Oil markets could be saturated with millions of surplus barrels if OPEC+ fails to agree an extension to current production cuts, according to analysis from Rystad Energy.
Oil retreats on signs of OPEC+ discord ahead of key meeting
Oil dropped below $45 a barrel as a consensus within OPEC+ to postpone an output hike planned for January remained elusive ahead of a meeting of the cartel’s power brokers later on Monday.
OPEC+ drops another hint it will delay production hike
OPEC+ said oil producing countries must be ready to act when the group gathers for its next full ministerial meeting in two weeks, the latest indication the cartel is preparing to delay a production increase.
Oil extends gains on vaccine progress as OPEC+ meets
Oil extended its gain with investors weighing news of another Covid-19 vaccine breakthrough as OPEC+ moved closer to delaying a planned easing of output cuts.
Oil jumps by most since June on Covid vaccine progress
Oil in London jumped by the most since June as Pfizer Inc. reported a potential Covid-19 vaccine breakthrough.
Oil falls to five-month low as lockdowns and Libya spook market
Oil kicked off what promises to be a turbulent week of trading by plunging to a five-month low as a continued increase in Libyan crude production coincided with a wave of new virus-lockdown measures in Europe.