A Brent crude price pushing $70 will provide a “feel-good” factor for North Sea oil, but it may still be “too early to celebrate”, industry experts have said.
Oil steadied in London after briefly climbing above $70 a barrel for the first time in three years as a global surplus recedes.
Oil-field service (OFS) companies are increasingly looking for work in offshore wind as activity in core markets remains suppressed, an analyst has said.
OPEC will stick with production cuts for the rest of the year as the group makes headway toward its goal of clearing an oversupply of crude, United Arab Emirates Energy Minister Suhail Al Mazrouei said Thursday.
Saudi Arabian Oil Co. is seeking a $2 billion loan from Japan’s export-credit agency, three people with knowledge of the matter said, as competition for a role in potentially the world’s largest initial share offering heats up.
Oil clung to gains as political tensions in Iran and declining exploration work in the U.S. imperiled production growth.
Saudi Aramco has been converted to a joint stock company to pave the way for an initial public offering later this year.
Oil held gains near the highest close in more than three years as U.S. crude stockpiles shrank for a seventh week, the longest run of declines since August, offsetting a rebound in production.
Oil prices have hit fresh two-and-a-half-year highs as the biggest anti-government protests in Iran for nearly a decade have sent the cost of crude soaring.
Echo Energy shot up by more than 10% in London this morning after its enlarged share capital was admitted to trading.
Oil extended gains from the highest close in three years as U.S. industry data showed crude stockpiles continued to decline and as OPEC production held steady last month.
Big gains for technology and health care companies helped US stocks set records again on Wednesday.
The UK’s top share index eased back from a record high yesterday after a sluggish performance from blue-chip energy stocks.
Oil traded near the highest close in more than two years before U.S. government data forecast to show stockpiles extended declines for a seventh week and as unrest continued in OPEC’s third-biggest producer.
After capping its second annual gain, oil started 2018 by advancing toward $61 as U.S. drilling activity remained at a standstill following a slip in production and as protests continued in Iran.
For as long as Gulf economies rely on oil, crude will be a factor in determining how investors trade regional markets. But right now, politics is king.
London’s top-flight index finished on an all-time high for the second year in a row as surging mining stocks ensured a strong performance from the market.
Oil prices were trading at three-and-a-half year highs on Thursday as investors cheered signs of stronger crude demand from China.
Oil headed for the first weekly advance in a month as U.S. crude stockpiles fell to the lowest level in more than two years and the pace of production gains slowed.
Global Marine Group (GMG), of Essex, has launched a new offshore division in Aberdeen in a further sign of growing confidence in the oil and gas industry.
Engineering services group EnerMech, of Aberdeen, said yesterday new subsidiary MInteg was poised to double the size of its workforce next year.
European banks will be allowed to operate as normal in the UK after Brexit under plans due to be announced by the Bank of England (BoE), it has been reported.
The prospect of US tax reforms has buoyed global stock markets but knocked the dollar, sending UK shares and sterling higher.
U.K. mega-cap stocks are having a tough year, and their laggard days may not be over.
Rotech Subsea is increasingly active in Asia, the Americas and other parts of the world to meet growing global demand for its cutting-edge trenching, excavation and cable grab tools.