British diesel prices could fall by as much as 6p a litre after the G7 moved to accelerate the release of around 100 million barrels of oil and refined fuel
UK Diesel Supply Tightens as Fawley Refinery Shuts for Planned Maintenance
Britain’s diesel supply could come under further pressure after ExxonMobil temporarily shut production at its Fawley refinery in Hampshire for planned maintenance lasting into November.
Shell earnings rise after strong performance in oil trading
Shell reported stronger earnings after volatility in crude markets boosted performance in its oil trading operations during the latest quarter.
The London stock market closed the week at a new record high.
The FTSE 100 ended the week at a new record high, buoyed by reports of a potential mega-merger between two of the world’s largest mining groups.
Oil prices set to slump into mid-$50s, Morgan Stanley warns
Oil prices are set for a slide back into the mid to high $50s this year as swelling supplies collide with sluggish global growth, according to analysts at Morgan Stanley.
Defence stocks jump as Trump targets Greenland
Defence shares struck a high note at the open in London, powering to the top of the leaderboard and standing out as some of the strongest performers on the FTSE
Oil slides as markets eye Venezuelan supply comeback
Oil prices extended their decline after the removal of Nicolas Maduro opened the door for Venezuela to revive its battered crude industry and potentially bring more supply onto global markets.
Eco (Atlantic) Oil & Gas (AIM: ECO) Navitas tie-up drives momentum at Falklands Sea Lion play
Eco (Atlantic) Oil & Gas spent much of the second half of the year under pressure, with the shares trading just below 10 pence in July before drifting to around
Venezuela Oil Industry Revival Could Take Decades Despite US Intervention
The Venezuelan oil sector has languished for years under the weight of chronic underinvestment, deteriorating infrastructure and endemic corruption. Following recent military action in Caracas that resulted in the detention
Shareholders are in line for more returns as BP increases its payouts.
BP Increases Dividend and Launches $750m Share Buyback
BP Unveils Biggest Oil and Gas Find in a Quarter Century
BP has confirmed a major oil and gas discovery at the Bumerangue prospect in Brazil’s Santos Basin, which marks its largest find in 25 years
Shell says it has “no plans” to make a bid for BP.
Shell PLC (LSE: SHEL, NYSE: SHEL) has firmly rejected claims from a Wall Street Journal report suggesting it has held talks about a potential takeover of BP PLC (LSE: BP).