Global energy demand will soar over next two decades, says OPEC July 11, 2023 Global demand for all forms of energy is forecast to rise 23 per cent through 2045, according to OPEC's latest forecasts.
Rosebank: UK’s biggest oil and gas field faces fresh delay amid regulator concerns over net zero goals July 11, 2023 Approval for Rosebank, the UK's largest undeveloped oil and gas field, has been delayed by regulators again.
Oil sorted? OPEC gambles on demand revival to boost flagging prices July 10, 2023 OPEC and its allies are banking on demand to rebound and prop up oil prices. If they're wrong, it's time to reassess their influence.
Oil prices up three per cent to nine-week high on supply concerns July 8, 2023 Oil prices climbed about three per cent to a nine-week high on Friday as supply concerns and technical buying outweighed fears that further interest rate hikes could slow economic growth and reduce demand for oil. Brent futures rose $1.95, or 2.6 per cent, to settle at $78.47 a barrel, while U.S. West Texas Intermediate crude [...]
Oil prices weighed down amid sluggish demand from China despite Opec cuts July 6, 2023 Sluggish demand recovery in the world's top crude importer China is continuing to weigh down oil prices, OPEC+ output cuts.
Shapps: Labour ‘sponsored by Just Stop Oil’ in light of ‘bonkers’ fossil fuel project ban July 4, 2023 Shapps has reaffirmed his support for domestic fossil fuel projects, as approval for the largest undeveloped oil and gas field looms.
Oil prices struggle to rebound despite latest cuts from Saudi Arabia and Russia July 4, 2023 Fresh supply cuts from top exporters Saudi Arabia and Russia has failed to drive up prices for oil in this morning's trading.
Oil markets await new signals as demand fears offset supply cuts July 3, 2023 Oil prices have barely moved this morning, with concerns over demand growth offsetting expectations of tighter supplies later this year.
Oil markets suffer four quarters of losses as concerns grow over China slowdown June 30, 2023 Oil markets are on the verge of a year-long slide in prices with a fourth consecutive quarter of losses.
Vitol and Gunvor rake in Russian oil profits a year after Ukraine invasion June 27, 2023 Energy traders Vitol and Gunvor are still buying refined Russian oil, despite pledges to cut ties with Kremlin-backed suppliers.