Petrol prices hit £1.51 per litre as cost of living crisis deepens February 28, 2022 UK petrol prices have broken records yet again following Russia’s invasion of Ukraine, which has further driven fears of supply shortages and seen oil prices spike to over $100 per barrel for the first time since 2014. The latest fuel watch figures from motoring group RAC reveal that unleaded petrol hit a peak on Sunday, [...]
Oil markets volatile amid escalating conflict in Ukraine and upcoming OPEC+ meeting February 27, 2022 Oil will begin the week with both benchmarks back below $100 amid escalating conflict in Ukraine, following Russia's brutal invasion of the country.
Oil surges to $100 per barrel as Russia launches full-scale assault on Ukraine February 24, 2022 Oil prices have reached the $100 milestone for the first time since 2014, after Russia initiated a wide-scale attack on Ukraine today. Brent Crude has soared 5.30 per cent to $101.97, peaking earlier in the session at $102.35, while WTI Crude has boomed 5.07 per cent to $96.77. This follows prices seesawing between dips and [...]
Oil prices climb towards $100 as the West rolls out sanctions on Russia February 23, 2022 The escalating crisis on Ukraine’s eastern flank saw oil prices inch towards $100 a barrel for the first time in almost a decade yesterday.
Oil prices steady as supply fears ease February 23, 2022 Oil prices have stabilised after hitting seven year highs, with the West so far avoiding measures that could hit Russian oil and gas.
Oil remains well above $90 per barrel amid looming prospect of war in Ukraine February 21, 2022 Oil remains stable with prices hovering near the seven-year highs recorded last week amid continued concerns over supply.
Motorists to be hit by fuel shortages as Exxon workers plan walkout February 21, 2022 Motorists could soon face fuel shortages as workers at the UK’s largest refinery have voted in favour of strike action over salaries. Around 100 workers at Exxon’s Fawley refinery will walkout starting from April after the oil giant decided offered a 2.5 per cent raise in salaries over the next two years, even though inflation [...]
Fuel surpasses last week’s record prices, reaching unprecedented 149p per litre February 21, 2022 Fuel prices have surpassed those of last week – which saw forecourts charge motorists 148p per litre – and reached record highs. According to RAC data, yesterday petrol prices reached 149.12p per litre while diesel was at 152.58p, meaning that it costs respectively £82 and £84 to fill a vehicle. “While the price of oil [...]
Saudi Arabia boosts oil production to 10m barrels per day February 20, 2022 Saudi Arabia's crude oil production has soared to over a million barrels per day, (bpd) according to data from the Joint Organizations Data Initiative
Oil markets mixed ahead of US-Iran talks and escalating Russia-Ukraine crisis February 20, 2022 Oil prices could be difficult to predict this week, with investors set to weigh up talks between the US and Iran with growing tensions in Ukraine.