EU pushes OPEC to boost oil output as bloc weighs up ban on Russian supplies April 11, 2022 European Union (EU) officials will hold talks with OPEC representatives today in Vienna, amid growing calls for the cartel to boost supplies.
Oil markets await fresh signals ahead of Biden’s visit to Israel October 17, 2023 Oil prices have risen slightly on both major benchmarks with investors awaiting fresh signals amid sustained geopolitical uncertainty.
UK cracks down on London entity belonging to Iranian oil tycoon September 16, 2024 The British government has targeted a London-based entity of Iranian oil trading empire led by Hossein Shamkhani, as it steps up efforts to stop those sidestepping oil-trading restrictions. Bloomberg revealed last month the role Shamkhani plays in Iranian and Russian oil trading. Shamkhani’s father, Ali, served as a naval commander for the Islamic Revolutionary Guard [...]
Oil markets rattled by fears of escalating conflict in Middle East October 15, 2023 Oil prices will begin trading tomorrow following a sharp surge in prices, with investors spooked by the prospect of protracted conflict in the Middle East.
Rishi Sunak at G7 in Italy announces horde of 50 new Russia sanctions June 13, 2024 The Tory leader also announced fresh support for Ukraine in its war against the Kremlin, which has now been going on for two years and more than three months.
Oil prices bounce back as EU considers joining UK and US with Russian energy sanctions March 21, 2022 Oil prices climbed over three per cent this morning, as eu nations weigh up the possibility of imposing energy sanctions on Russia.
Oil be damned: Global demand for oil set to hit all-time high this year as China reopens January 18, 2023 Global oil demand will reach a record high this year, and rise by nearly 2m barrels per day this year, as China eases pandemic restrictions.
Oil dips as European leaders play down prospect of sanctions on Russian energy supplies March 7, 2022 Oil prices have dipped following strong rallies this morning, with Europe playing down the prospect of sanctions on Russian energy supplies.
Kwarteng commits to North Sea oil and gas as UK phases out Russian energy supplies March 9, 2022 Business Secretary Kwasi Kwarteng has said the government is committed to North Sea fossil fuel
Oil suffers biggest drop in five weeks as Federal Reserve signals more interest rate hikes March 10, 2023 Oil is heading for its biggest weekly loss in five weeks, fuelled by investor fears over steep interest rate hikes in the US.