The price of oil is steadily advancing towards $100 a barrel, a mark it hasn’t hit in nearly a year, presenting fresh inflationary challenges for monetary authorities.
The price of oil is steadily advancing towards $100 a barrel, a mark it hasn’t hit in nearly a year, presenting fresh inflationary challenges for monetary authorities.
The FTSE 100 is poised to benefit today due to another uptick in oil prices, which are inching closer to the $100/barrel mark.
Brent crude has surpassed $92 a barrel for the first time this year, influenced by supply reductions from Saudi Arabia and Russia.
The parliamentarians prompting Rishi Sunak to reconsider his stance on onshore wind power frequently echo the wind industry’s catchphrase: “Wind is affordable.” Sir Alok Sharma claims it’s “affordable, green, and
British families are alerted that the days of low energy prices have come to an end, with an anticipated increase in bills next year.
EnQuest’s stock value fell by 11% after the North Sea oil operator reported a loss for the first half of the year, impacted by the windfall tax on energy earnings.
Engineering consultancy Wood has secured a contract valued at $330m (£262m) with Harbour Energy, the leading oil and gas producer in the UK’s North Sea, as per the official announcement.
European natural gas prices have surged, continuing from last week, due to disruptions in Norwegian supplies to the UK and mainland Europe.
In 2021 and 2022, the CEOs of energy titans British Gas, BP PLC, and Shell PLC experienced some of the most significant pay hikes among FTSE 100 leaders.
The UK’s leading oil and gas company has struck a deal worth $84m (£65.8m) to divest its operations in Vietnam.
Lansdowne Oil & Gas (AIM: LOGP) shares dipped 29% during Thursday morning trading as the small Irish oil company announced equity funding of up to £200,000.