European ministers will discuss special measures to rein in soaring energy costs, from natural gas price caps to a suspension of power derivatives trading, as the bloc races to respond to the deepening crisis.
By Stephen Coomber, senior analyst, Westwood Global Energy Group
As of 24 August, Westwood Global Energy reports that there are five exploration wells active, four in the Northern North Sea and one in the Norwegian Sea. Since the previous report, two exploration well programmes have completed, with one of the wells successful.
By Stephen Coomber, senior analyst, Westwood Global Energy Group
As of 24 August, Westwood Global Energy reports that there are three exploration wells active, with two in the CNS and one in the NNS. One well completed at Edinburgh.
Oil rose on Friday -- paring a hefty weekly decline -- before an OPEC+ meeting on supply at which Saudi Arabia could push for output cuts, and as efforts to revive an Iranian nuclear accord suffered a setback.
Angola plans to complete the sale of stakes in national oil company Sonangol EP and diamond firm Endiama within the next five years, according to the chairman of the government’s asset-management agency.
Armando Mejia Sanchez, the head of crude oil at the trading arm of Mexico’s state-owned oil firm Pemex, is retiring, according to people with knowledge of the situation.
Liz Truss ruled out introducing any new taxes or rationing of energy this winter if she becomes UK’s next prime minister, two eye-catching pledges in her final pitch to win the post.