Oil prices to stay high this year on China reopening and OPEC output snags, experts predict February 19, 2023 Oil prices will be propped up this year by rebounding demand from China alongside tightening supplies into Europe and OPEC's capacity issues.
Demand for political risk insurance growing amid ‘febrile’ geopolitical landscape October 23, 2023 The “febrile” state of geopolitics has led to an increased interest in political risk insurance, experts have said. International businesses, including mining, oil and gas, and renewables, which invest in projects abroad can purchase political risk insurance in a bid to secure schemes against changing foreign governments who may be more hostile to overseas investment. [...]
Ukraine’s government writes to Shell, accusing the oil giant of ‘bankrolling Putin’s war with an accounting trick’ April 22, 2022 Ukraine has accused energy giant Shell of continuing to “bankroll Putin’s war machine” buy buying oil through an “accounting trick.” In an angry letter sent to the oil company’s boss, Kyiv branded it “deplorable” that firm was still buying fuel linked to the Kremlin indirectly. According to the Telegraph, despite a commitment to stop purchasing [...]
Europe set for diesel supply scramble as high prices expose tight markets November 15, 2022 Europe could be scrambling for diesel supplies over the winter, the International Energy Agency, amid ultra-high prices.
Total Energies to cough up £1.7bn to pay off hiked windfall taxes January 18, 2023 French oil major TotalEnergies has confirmed it will take a £1.7bn hit in the fourth quarter from EU and British windfall taxes.
Gazprom says Siemens ready to repair Nord Stream 1 pipeline September 3, 2022 Russian energy firm Gazprom has suggested Siemens was ready to fix its gas pipeline to Germany, after its reopening was delayed this weekend. An oil leak in a turbine on the Nord Stream 1 pipeline means it will be closed until further notice, after being closed for several days due to maintenance work. On Saturday, [...]
BP joins profits bonanza with £7.1bn earnings despite £2bn overall losses November 1, 2022 BP revealed losses of £1.9bn for the third quarter of trading this year, but massive underlying profits of £7.1bn for the three month window.
OPEC+ decisions not politicised, Saudi energy minister insists February 20, 2023 Decisions by OPEC+ are not politicised, argued Saudi Arabian energy minister Prince Abdulaziz bin Salman.
IEA: Global energy-related CO2 emissions rose to record highs in 2022 March 2, 2023 Global energy-related emissions of carbon dioxide hit a record high last year, the International Energy Agency (IEA) revealed today.
The City View: Michael Hewson on why calls for a windfall tax are misplaced May 3, 2022 Today Andy Silvester talks to Michael Hewson, Chief Market Analyst at CMC Markets. They pick apart the arguments for a windfall tax on BP, discuss potential rate rises from the Fed and Bank of England, and go through the impact that China’s zero-Covid policy has had on manufacturing in the country. And in other news [...]