BP: Oil giant lifts dividend as it beats expectations in second quarter July 30, 2024 Oil giant BP reported a stronger-than-expected net profit for the second quarter and raised its divided despite earlier warnings of lower refining margins.
Banning North Sea oil will only benefit Saudi Arabia July 16, 2024 Fossil fuels will remain part of the energy mix for decades to come – if we don’t extract our own resources from the North Sea, our loss will be other polluters’ gain, says Andy Mayer The new government’s plans to capitulate to the likes of Just Stop Oil by banning new drilling licences in the [...]
Election 2024: Labour will seek mandate for growth with ‘wealth creation’ manifesto June 13, 2024 Keir Starmer will seek a “mandate for economic growth” as he unveils Labour’s election manifesto, pledging to “be the party of wealth creation”.
Going green? Not without backing from the City, you don’t June 4, 2024 The energy transition requires investment in two things: transition (obviously) and new, greener, cheaper technologies.
Swinney: Labour would cause ‘devastation’ to employment in oil and gas industry June 1, 2024 “There’s a lot of independent commentary that indicates that the plans of the Labour Party and particularly their tax grab that is being perpetuated by the Conservative and Labour parties is having a real damaging effect on investment in the oil and gas sector".
Gulf Keystone Petroleum launches buyback to remedy ‘weak share price’ May 13, 2024 Gulf Keystone has struggled over the past year, but the group seems to be making a comeback.
Trinity Exploration and Touchstone Exploration set to merge in all-share deal May 1, 2024 In joint statements issued this morning, Touchstone said it would acquire the entire issued and to be issued ordinary share capital of Trinity in a deal with £24.1m.
High commodity prices could keep inflation elevated, World Bank warns April 25, 2024 The World Bank has predicted that commodity prices will fall just three per cent in 2024 and four per cent in 2025.
China’s imports of Russian oil near record high in March April 20, 2024 Russia remained China’s top oil supplier in March, data showed on Saturday, as refiners snapped up stranded Sokol shipments. China’s imports from Russia, including supplies via pipelines and sea-borne shipments, jumped 12.5 per cent on the year to 10.81 million metric tons, or 2.55 million barrels per day (bpd) last month, according to data from [...]
FTSE 100 today: London markets poised for red start as Middle East tensions escalate; investors await more details on the crisis April 19, 2024 Middle East tensions rattled markets in the Asian session following ABC News reports of Israeli missile strikes in Iran. Oil and gold prices surged while bitcoin dropped below $60,000. However, an Iranian official denies the missile attack reports, adding to the uncertainty. Market focus now shifts to UK retail sales data and speeches by Bank of England officials Ramsden and Breeden.