Venezuela sanctions uncertainty and high oil demand push prices back up to $80 per barrel May 22, 2018 Oil prices reached $80 (£59) per barrel again today as the tight supply of oil on the market continues and Trump imposing sanctions on Venezuela after the election. Brent crude, which reached a four-year high last week went it surpassed $80, has seen a significant increase over the past few weeks starting with President Trump’s [...]
China ready to open talks with UK on post-Brexit free trade deal, says Jeremy Hunt | City A.M. July 30, 2018 China has signalled it is ready to open discussions on a possible free trade deal with Britain once it leaves the EU, the foreign secretary has said. Jeremy Hunt is on his first overseas visit as foreign secretary after he was appointed to succeed Boris Johnson, who resigned in protest at Theresa May’s Brexit Chequers [...]
Offshore oil and gas firms concerned over record low drilling September 11, 2018 The UK’s offshore energy industry has expressed “serious concerns” over the recovery of the sector despite stable oil and gas prices as drilling activity looks set to drop to its lowest level since 1965. Oil and Gas UK, the representative body for the UK’s offshore firms, warned that capacity constraints could be felt across the supply chain [...]
US-China trade war: Alibaba’s Jack Ma warns tensions could last for 20 years September 18, 2018 Jack Ma, chairman of Chinese tech giant Alibaba, has said the escalating trade war between the US and China could last for 20 years and be a “mess”, after President Donald Trump announced new tariffs overnight. At a speech to shareholders, he said Chinese businesses would move production to avoid the tariffs and called for [...]
US-China trade war: Alibaba’s Jack Ma warns tensions could last for 20 years September 18, 2018 Jack Ma, chairman of Chinese tech giant Alibaba, has said the escalating trade war between the US and China could last for 20 years and be a “mess”, after President Donald Trump announced new tariffs overnight. At a speech to shareholders, he said Chinese businesses would move production to avoid the tariffs and called for [...]
Petrofac sells North Sea interest as it retreats from oil production August 24, 2018 Petrofac abandoned another attempt at oil production today, agreeing to sell its interest in a North Sea field. The company is to hand back its 20 per cent share of the venture in Greater Stella Area to the operator, Ithaca Energy, for $292m (£227.79m). Ithaca, subsidiary of Israel-listed Delek, has cemented its hold in the region [...]
Washington to impose additional Russian sanctions on Monday following Novichok attack August 24, 2018 US sanctions on Russia, retaliation for the Salisbury nerve agent attack, are to take effect on Monday. Washington announced that it is to limit foreign assistance to humanitarian means only, terminate arms exports and prevent the issuance of credit from any US government entity. Items deemed sensitive to national security are also to be prevented [...]
International community responds to Syria strikes: Russia calls for UN meeting while Syria vows to fight on April 14, 2018 The UNited Nations security council will meet at 11am New York time today (3pm UK time) at Russia’s request. Following air strikes on Syrian government targets last night, Vladimir Putin said in a statement earlier today that Russia would convene an emergency meeting to discuss the action. He called the actions taken by the US, [...]
Premier Oil doubles profits as it eyes new North Sea project August 23, 2018 Premier Oil struck it rich with its half-yearly results today, posting a doubling of profits to almost $100m (£78m). Higher oil prices pushed the British energy firm’s profits after tax up from $40.7m in the first half of 2017 to $98.4m for the six months to the end of June this year. The company saw [...]
World Cup 2018: Tournament review – Heavyweight drop-outs, VAR, penalties, set pieces, wonder goals, concussion and politics July 15, 2018 After 64 matches – including a pointless third-place play-off – over 30 days the World Cup has come to its conclusion. France beat Croatia 4-2 in the final in a match that neatly summed by the whole competition. There were goals from set pieces, a VAR-assisted penalty and lots of quality to boot. But you [...]