Oil prices dropped for the second consecutive session and were on track for a more than 3% decrease on a weekly basis this Friday.
Oil prices rise as China initiates measures to stimulate its economy.
Amid a spike in Chinese imports of Russian oil, it’s an opportune moment to examine the crude oil market dynamics.
Oil prices drop as concerns over interest rate increases overshadow U.S. debt agreement.
On Monday, oil prices declined due to increasing concerns about potential interest rate hikes that could suppress energy demand, despite a preliminary agreement on the U.S. debt ceiling that could
1,650 Offshore Contractors to Stage Industrial Action in Response to Job and Wage Concerns
Unite the Union, affirmed that approximately 1,650 contractors are set to partake in two successive 48-hour strikes. The dispute revolves around issues pertaining to employment, remuneration, and workplace conditions in
Malcy’s Blog – Oil price, Union Jack Oil, Afentra, Harbour Energy & finally
WTI (June) $73.71 +55c, Brent (July) $77.44 +43c, Diff -$3.73 -12c.
North Sea oil giant Harbour Energy axes 350 UK jobs after windfall tax hit
The largest oil producer in the North Sea anticipates slashing 350 jobs in the UK, a mere two months after reporting its profits had been virtually eradicated by Rishi Sunak’s
Share Talk Weekly Energy Sector News Round-Up, Monday 1st May 2023
On Monday, oil prices dropped due to worries about the economic repercussions of a possible interest rate hike by the U.S. Federal Reserve and declining Chinese manufacturing figures, which overshadowed
Sunak Initiates Withdrawal from North Sea – Observe the Decline of UK Oil Production
In the early 2000s, the North Sea oil and gas industry, centered around Aberdeen, reached its pinnacle, producing over 2.7 million barrels of oil each day, which accounted for 3.6%
Malcy’s Blog – Oil price, Kistos, Challenger Energy Group, Harbour Energy, Jadestone Energy & finally
WTI (June) $77.07 -$1.69, Brent (June) $80.77 -$1.98, Diff -$3.70 -27c.
Discovery of oil in Mexico has resulted in an increase in the value of Harbour Energy’s shares.
Harbour Energy PLC (LSE: HBR) shares rose during early trading on Wednesday following the announcement of new oil discovery in the Mexican coastal waters.
Harbour Energy and BP have formed a partnership in the Humber
Harbour Energy PLC (LSE: HBR) and BP PLC (LSE: BP.) have partnered to develop the Viking carbon capture transportation and storage (CCS) project in the Humber region.
1,350 offshore workers will cause multiple platforms to cease their operations.
A massive pay dispute is expected to result in a tsunami of industrial action against major oil and gas operators such as bp, Shell, and Total. Unite the Union has