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.
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
Harbour Energy PLC (LON: HBR) Harbour appointed operator of Zama project
Harbour Energy PLC (LON: HBR) has been formally appointed operator of the Zama oil project offshore Mexico, following approval by Mexico’s Ministry of Energy (SENER) and agreement from the project’s
Oil prices edge higher as OPEC+ pauses output hike plans for early 2026
Oil prices rose on Monday after OPEC+, led by Saudi Arabia, announced a pause to planned production increases in the first quarter of 2026.
Goldman: Oil Could Fall Below $40 Amid Global Slowdown
Goldman Sachs has warned that oil prices could plunge below $40 per barrel by late 2026 if a U.S.-led trade war triggers a global economic downturn and major producers ramp
Oil plunges – BP share price tumbles 20% over three trading day’s
BP shares have slumped to their lowest level since the pandemic, hit hard by a steep decline in oil prices.
Global oil demand forecast lowered as Trump’s tariffs disrupt trade.
Global oil demand growth is expected to slow as Donald Trump’s tariff war weighs on the global economy.
OPEC Oil Output Increases in November, Driven by Libya
OPEC’s oil production increased for the second consecutive month in November, driven by Libya’s rebound following the resolution of a political crisis.
Russia’s government has removed the temporary ban on most gasoline exports.
Russia’s government announced on Saturday that it had lifted the temporary ban on most gasoline exports supplied by producers while extending restrictions for other exporters, including independent traders and resellers,
Oil prices climbed further as OPEC+ announces an extension of its production cuts by a month
Oil prices climbed further on Monday, with gains exceeding $1 per barrel following OPEC+’s decision to postpone its scheduled output increase by a month. The market now faces a pivotal