UK Prime Minister Boris Johnson will meet with key oil and gas producers to discuss the industry’s role in shoring up the country’s supplies, following up on a new energy security strategy announced by the government earlier this month.
Oil is heading for a third weekly gain on signs the market is slowly rebalancing as major producers cut supply and consumption recovers after a historic collapse in demand due to the coronavirus.
JUST when some of the world's oil and gas hotspots were threatening to go up in flames a couple of weeks ago, lo and behold, the price of oil started to fall. Whatever the attractions of high prices to oil companies, the rest of us should breathe a small sigh of relief.
