According to Carbon Tracker (a non-profit think tank), the world’s largest oil producers are spending billions on fossil fuel projects. These will be required if the world fails to meet
After four days of decline, oil rebounded from 2022 lows
After four days of decline, oil rebounded on Thursday. This was aided by the hope that China’s anti-COVID measures will ease and signs that some tankers carrying Russian crude oil
Oil falls close to 2022 lows on economic worries
On Wednesday, oil fell, with Brent crude close to its lowest level this year. This was due to concerns about recession and the easing of fears that a Western ban
St Brides Partners Weekly Brief, Saturday 12th March 2021
We kicked off the week celebrating women around the world and their achievements for International Women’s Day on Tuesday.
On stronger demand prospects, oil prices hover around $85/bbl
Brent crude oil traded at $85 per barrel on Thursday, nearing two-month highs. This was buoyed in part by the expectation that a strong economic recovery would boost demand. However,
Analysts predict that oil prices could reach $100 when demand exceeds supply.
Analysts predict that oil prices will rise further this year after rising 50% in 2021. They believe that a shortage of production capacity and low investment could cause crude to
Omicron slump aside, oil prices soar to 2-month highs
Due to tight supply and decreasing concerns about potential demand from the Omicron coronavirus variant, oil prices reached two-month highs Wednesday.
Oil prices rise to $78 because of optimism about 2022 outlook
Oil prices rose to above $78 per barrel Monday. This was due to tight supply and the hopes of a further demand recovery by 2022.
Brent Crude close to $80, as markets shrugs off Omicron
Brent crude oil traded at $80 per barrel on Tuesday, despite the rapid spread of the Omicron coronavirus variant. This was supported by supply shortages and expectations that U.S. inventories
UK economy will outpace the rest of G7 and cast off omicron’s shadow
The UK’s economy will outpace all other nations in the G7 in 2022, for the second year in a row. It is roaring back after a deep recession than many
The U.K refuses to rule out tougher covid rules by Christmas
After the country’s top health advisors demanded greater limits to contain the infection, Sajid Javid, Health Secretary of the United Kingdom, declined to make any changes to the Covid-19 rules.