Windfall tax looming: BP may end up in firing line if it reports expected 30-fold increase in profits February 7, 2022 Oil giant British Petroleum could end up in the firing line when it reports this week what analysts expect might be a more than 30-fold increase in its profit in the closing months of last year. The oil giant is expected to report an underlying replacement cost profit – its preferred measure – of around [...]
Oil prices ease after OPEC+ meeting February 3, 2022 Oil prices have eased but remain close to the $90 milestone after OPEC+ producers stuck to planned moderate output increases.
OPEC+ sticks to oil output increases despite members failing to hit agreed targets February 2, 2022 OPEC and its allies such as Russia (OPEC+) have stuck to agreed plans to raise production by another 400,000 barrels per day in March.
Government gives the green light to new North Sea oil and gas field February 1, 2022 A new oil and gas development in the North Sea was approved by the government yesterday, despite environmental concerns.
Oil prices drop below $90 as OPEC+ commit to supply boost February 1, 2022 Market rallies on both major benchmarks have stalled this amid speculation OPEC+ could further increase supply targets this week.
Oil remains at $90 per barrel amid growing geopolitical turmoil January 30, 2022 Brent Crude and WTI Crude have consolidated their gains from rallies this week, as concerns over tightening supplies this year continue to fester.
Experts about record $90: Shareholders may face ‘catastrophic levels of value destruction’ if oil price drops January 27, 2022 Based on current surging prices oil giants should think twice about investing in new oil projects or they could risk wasting billions, a new report has warned. The price of Brent crude oil has increased by nearly 40 dollars (£29) per barrel in the last year, and hit 90 dollars (£66) yesterday for the first [...]
Crude oil moves closer to $100 milestone as tensions mount between the US and Russia January 26, 2022 Oil prices touched $90 a barrel for the first time in seven years amid tightening supplies and rising tensions between Ukraine and Russia
Oil prices rebound as fears of Russia invading Ukraine rise January 25, 2022 Oil prices have recovered amid growing fears of Russian invading Ukraine and a consequent tightening in supplies.
Biden his time: What can the US President do to contain rising oil prices ahead of the mid-terms? January 25, 2022 As inflation, interest rates and Covid-19 mortalities rise in the US the only thing that appears to be sliding is President Joe Biden’s poll numbers.