Labour’s prospective government, led by Sir Keir Starmer, is reportedly set to obstruct any forthcoming oil and gas advancements in the North Sea, as revealed in a recent report.
Workers in the oil and gas industry in the North Sea have decided to vote to strike
Oil and gas operators in the North Sea have been cautioned about the possibility of an overwhelming wave of industrial turmoil after workers voted in favour of a strike over
Gas prices in Europe have fallen to lows not seen since September 2021
As a result of the restarting of US exports from America’s second-largest liquefied natural gasoline terminal, gas prices in Europe fell to levels not seen since September 2021.
European natural gas slid for a fifth straight day
European natural gas fell for the fifth consecutive day. The weather is expected to improve and there are more chances that the US will reopen an old export terminal.
Oil settles up more than 1% on China demand outlook, second weekly gain
Friday’s oil settlement was $1/barrel. This is a result of China’s economic prospects improving, which boosted fuel demand in China’s second-largest economy.
Keir Starmer says that North Sea investment will be ended by Labour
Sir Keir Starmer has pledged to stop investing in new British oil and gas fields if Labour wins the next election.
Breakin News: UK PM poised for recall of MPs to Parliament, Afghanistan, is on the verge of collapse
Boris Johnson, the UK Prime Minister, is set to recall Parliament after reports emerged that Taliban fighters had entered Kabul’s outskirts.