Shell sells oil stake from the sea floor August 11, 2022 Shell has kickstarted the sale process for its 30 per cent stake in the Cambo oil project in the North Sea.
Oil sorted? OPEC gambles on demand revival to boost flagging prices July 10, 2023 OPEC and its allies are banking on demand to rebound and prop up oil prices. If they're wrong, it's time to reassess their influence.
Euro kisses parity with US dollar for first time in two decades July 12, 2022 The euro kissed parity with the US dollar for the first time in 20 years today. Fears of the Continent tipping into recession have strengthened recently due to bets that Russian president Vladimir Putin will choke energy supplies to the bloc. The currency used by 19 countries – soon to be 20 when Croatia adopts [...]
Is Nvidia’s share price rally finally coming to an end? November 22, 2023 Despite posting strong results, Nvidia's share price has not surged in the same it has done previously. Is this the end of the rally?
Highest since 2015: Russian inflation goes through the roof as level accelerates to 12.5 per cent March 23, 2022 It seems another headache is coming Vladimir Putin’s way as inflation in Russia has shot up to 12.5 per cent, the country’s highest level since 2015. Annual inflation in Russia accelerated to 12.5 per cent as of March 11, its highest since late 2015 and up from 10.4 per cent a week earlier, the economy [...]
Soaring inflation risks creating UK property ‘insurance gap’ August 25, 2022 SOARING inflation in the construction sector threatens to create a major “insurance gap” amongst UK policyholders, London headquartered insurer Chaucer has warned. Sharp increases in the costs of building materials could leave homes and businesses underinsured, as policies fail to cover the cost of repairing and rebuilding damaged properties, research carried out by the Lloyd’s of [...]
Harbour Energy to develop North Sea gas field despite threatening to pivot away from UK March 28, 2023 Harbour Energy has been given the go-ahead to develop a new gas field in the North Sea, despite warning of plans to pivot from UK markets.
Kremlin cronies face more sanctions while furious Putin fires eight generals: ‘Clusterf**k’ invasion not going well’ March 15, 2022 More family members of Russian oligarchs can expect to be targeted with sanctions, a UK official said this afternoon. The official, asked about the potential to sanction family members of Russian elites, said: “Yes, there is actually quite a wide range, out of the 370, who are family members. “There is a number of members, [...]
Fresh losses for Putin as Russian Army loses most of Kharkiv and Ukraine holds ground at Mariupol mill May 11, 2022 Kyiv’s military has made gains near the eastern city of Kharkiv overnight, Ukrainian President Volodymyr Zelensky claimed this morning. Zelensky that the military was gradually pushing Russian troops away from the city. The Ukrainian military’s general staff said its forces drove the Russians out of four villages to the northeast of Kharkiv as it tries [...]
Netherlands stops short of emergency gas plans amid supply shortage fears March 30, 2022 The Dutch government will advise citizens and businesses to use less gas but has stopped short of activating emergency energy plans.