Oil prices rebound sharply after fall in early trading January 2, 2019 Oil has faced a turbulent day as an initial 1.6 per cent drop was wiped out when prices rebounded in the mid-afternoon. The price of Brent crude rose by over $2 to around $55.50 within half an hour, later jumping to $56.41, a 4.6 per cent increase over the session. Worries about oversupply had earlier [...]
Oil prices reaction: All the fallout as OPEC sends prices spiralling March 9, 2020 Oil prices fell to a four-year low today after Russia and Saudi Arabia began a price war that triggered major stock market sell-offs. The two oil-producing titans were in talks over a further production cut to protect oil prices against the coronavirus outbreak. But Russia blanched at the prospect of slashing another 1.5m barrels per [...]
The City View: Chris Jackson, CEO of green hydrogen firm Protium, talks easing sustainable energy transition March 30, 2022 Today Andy Silvester chats to Chris Jackson, CEO of UK-based green hydrogen energy firm Protium. They go back to Protium’s roots; discuss what green hydrogen acutally is and how the company aims to simplify the decarbonisation process for the companies it works with; and go through why hydrogen, rather than solar and wind energy, might [...]
EU in talks with Nigeria to replace Russian gas as UK aims to boost flows into troubled bloc July 24, 2022 The EU is in talks to buy gas from Nigeria as the bloc scrambles to secure supplies in case Russia turns off the taps ahead of winter.
Exxon and Chevron plan to sell stakes in ‘contract of the century’ oil field December 4, 2018 Exxon Mobil and Chevron are looking to sell their stakes in a BP-operated oil field in Azerbaijan once dubbed the “contract of the century”. Exxon Mobil is hoping it can raise up to $2bn by selling its 6.8 per cent holding in the field by the Caspian Sea, sources told Reuters yesterday. The move is [...]
Elbow bumps and the Wuhan shake: How coronavirus killed the handshake March 6, 2020 Coronavirus fears have prompted a variety of novel greetings as people around the world avoid shaking hands, chief among them the so-called Wuhan shake. In Wuhan, the Chinese city at the epicentre of the Covid-19 outbreak, a new way of saying hello has gone viral. Nicknamed the Wuhan shake, the allegedly coronavirus-proof greeting involves participants [...]
Shell undergoes board and C-suite shuffle following exit from Russian assets March 1, 2022 Shell has undergone a board and C-suite shuffle as it hauls in a new chief financial officer. Sinead Gorman, who has been the executive vice president of Shell’s Upstream business, steps in the role at the beginning of April. She succeeds Jessica Uhl, as she steps down from the position at the end of this [...]
US says threat of ‘imminent attack’ triggered air strikes against Iran January 3, 2020 US secretary of state Mike Pompeo has claimed that the assassination of Iranian general Qassem Soleimani was carried out to prevent an “imminent attack” that would have endangered US citizens in the region. Speaking to CNN and Fox News, Pompeo said that the attack was based on an “intelligence based assessment”, but refused to say [...]
Opec agrees to extend oil supply cuts by nine months July 1, 2019 Oil cartel Opec agreed to extend supply cuts by nine months today, in an attempt to maintain the price of oil in face of soaring US production and fears of a global economic slowdown. Opec is meeting today in Vienna and is holding a further meeting tomorrow with Russia and other allies. Opec and its [...]
Oil prices tick up amid Middle East tensions June 24, 2019 Oil prices rose this morning as markets reacted to increasing tensions in the Middle East. The price of international standard Brent Crude reached highs of $65.74 this morning, before giving back some gains later in the day. At around 10.45am the black stuff was up 0.3 per cent to $65.39. Read more: Trump cancelled Iran [...]