The price of a barrel of oil is predicted to slump to $60 by the end of next year due to a surge in production, according to City analysts.
Oil prices have edged upwards, Gas prices surge following shutdown of Norwegian plant
Oil prices have edged higher after the Opec cartel agreed to extend most of its significant production cuts into the third quarter of the year.
Gas prices rise due to reduced Norwegian production.
European natural gas prices have surged, continuing from last week, due to disruptions in Norwegian supplies to the UK and mainland Europe.
A British-Russian son of an oligarch with close links to Vladimir Putin was arrested in Norway
Andrei Yakunin is the son of Vladimir Yakunin the Russian Railways boss. He is the seventh Russian to have been arrested for illegal flight or unauthorised photography.
Share Talk Weekly Energy Sector News Round-Up, Saturday 15th October 2022
The second-largest firm in the world generated more than £3,300 every second in “free money”
Norwegian police said they’ve resolved an incident at the Nyhamna gas processing plant in Norway
On Thursday, the Norwegian police responded to a telephone threat against Nyhamna’s gas processing plant. This is one of Europe’s largest energy export facilities.
Gas supplies to the UK from Norway could be cut off completely this weekend if an ongoing strike escalates.
The Norwegian Oil and Gas Association (NOG), Tuesday said that a planned escalation in the ongoing strike of Norwegian offshore oil and natural gas workers could reduce 56% of Norway’s