Oil

Trump's reelection could boost IPO activity, make banking regulations more lenient, and buoy energy stocks as he plans to drill from day one of his second tenure as US President.

Billionaire investor Warren Buffett has been heavily investing in energy stocks in recent years as the companies accelerate innovation of low-carbon technologies.

Occidental Petroleum's grand ambitions of low-carbon energy transition caught Warren Buffett's attention. Berkshire Hathaway holds almost 29% stake in the energy firm.

Oil prices experienced a slight decrease after reaching a six-month record. Investors have shrugged off fears of a wider Middle East war disrupting supplies.

The company's shift towards trading more in liquefied natural gas (LNG) and increased production offset reduced earnings from refining and oil trading, along with higher operating costs.

The energy price cap in Great Britain is set to decrease by 14 per cent, anticipated to bring down annual bills by an average of £268.

The decline in the Eurozone area economies, notably Germany, that are in or near entering recession would, alongside high oil prices, suggest Euro weakness going forward.

CPI reported a year-on-year increase of 6.7 per cent, maintaining the same pace as the previous month, contrary to economists' predictions of a dip to 6.6 per cent.

On Wednesday this week, a group of activists for Just Stop Oil took to the stage of a West End Les Miserables production to protest Rishi Sunak approving the drilling for more oil in the North Sea.

Climate scientists are shocked by a report that found September 2023 to be the hottest month ever recorded. Experts also warn of another heatwave hitting Europe in October.

The latest data from RAC indicates a sharp increase in the average price for a litre of unleaded petrol, reaching £1.45, while diesel prices remain steady at £1.46.

Oil dropped 2% on Tuesday after two sessions of gains as deepening concerns of an economic slowdown and a stronger dollar outweighed hopes of higher Chinese demand and lower U.S.

Oil prices slid by about $2 a barrel to their lowest level since late March on Thursday, dragged lower by fears a possible recession could dent fuel demand and after a rise in U.S.

A hike in expected US inflation over the next year comes ahead of next month's federal reserve decision on interest rates. Meanwhile, OPEC cuts increase the price of oil.

Oil prices edged up on Monday, supported by OPEC+'s plans to cut more output, while investors eyed Chinese economic data for signs of a demand recovery by the world's No.

Oil prices eased in early trading on Thursday after rising for the previous two sessions as investors remained cautious due to lingering concerns over a U.S.

Oil prices edged higher on Tuesday as market participants weighed supply cuts from OPEC+ that would tighten the global market against concerns about further interest rate hikes potentially hurting demand.

Oil prices nudged higher in early Asian trade on Monday, supported by the prospect of tighter supplies from OPEC+ producers from May, but concerns about the global economic outlook capped gains.

The shock reduction will start in May and last until the end of the year.

Oil prices jumped more than $5 a barrel on Monday's open, jolted by a surprise announcement by OPEC+ to cut production further in an effort to support market stability.

Crude inventories fell by 7.5 million barrels in the week to March 24.

Crude prices moved in a narrow range in early Asian trade on Tuesday after rallying in the previous session, with oil markets focused on developments in the banking crisis as well as on supply concerns and indications of strengthening demand.

Oil prices climbed in early trade on Monday as concerns over turmoil in the banking sector eased, while comments by Russian President Vladimir Putin over the weekend ratcheted up geopolitical tensions in Europe.

China is expected to account for around 40% of the increase in global oil demand this year as its economy emerges from strict lockdowns, but the increased use will not take prices back to 2022 levels, consultancy Wood Mackenzie said on Thursday.

Oil prices stabilised on Tuesday after falling early in the previous session on investor worries that recent banking-sector problems would weigh on the global economy and limit demand for crude.

Oil prices rose on Monday after suffering their biggest weekly loss in months as UBS struck a deal to buy Credit Suisse and some of the world's largest central banks sought to reassure and stabilise global financial markets.

Oil steadied on Thursday after a two-day decline as strike-disrupted fuel supply in France, a drop in U.S.

BP hasn't fallen out of love with renewables. It just wants to have more power.

Oil prices edged up after industry executives flagged concerns about limited spare capacity in the market and uncertainty over Russian supplies while demand from top crude importer China is recovering.

Oil prices opened lower on Monday after China set a modest target for economic growth this year of around 5%, lower than market expectations of 5.5% growth in the world's second- largest oil consumer.