Oil prices

Business

Shell says it’s not in talks to acquire BP as takeover rumours swirl

BP’s share price jumped on the speculation that it could be acquired by Shell, following a report in the Wall Street Journal.

26/06/2025

Markets

Oil prices rise despite fragile ceasefire between Iran and Israel

Markets rose slightly on news that the ceasefire appears to be holding, while oil prices also continued to climb.

25/06/2025

Markets

Oil price drops, shares jump as Trump announces Israel-Iran ceasefire

Stocks rose and oil prices fell on Tuesday after President Trump said Israel and Iran had agreed to a ceasefire.

24/06/2025

Markets

European shares notch up slightly despite Iran-Israel crisis

Israel and Iran continued to exchange airstrikes on Wednesday while the US moved fighter jets to the region.

18/06/2025

Markets

Oil prices surge, Europe’s markets open lower on Israel Iran strikes

Israel launched strikes targeting Iranian nuclear facilities, which killed top officials according to Iranian state media — including Revolutionary Guard chief Hossein Salami.

13/06/2025

Markets

Oil prices falls as OPEC+ considers output hike before US-Iran talks

Crude oil prices extended their losses following reports that OPEC+ is considering a further production increase in July, ahead of US-Iran nuclear talks later today. Oil markets remain caught between escalating geopolitical tensions and persistent concerns over a potential oversupply.

23/05/2025

Markets

Oil prices rise on reports of Israel potentially attacking Iran

Any attack by Israel against Iran could significantly impact US-Iran nuclear talks, while also escalating already heated tensions in the wider Middle East region.

21/05/2025

Business

Saudi Arabian oil giant Aramco takes hit due to lagging oil prices

Saudi Arabia has also pledged to invest hundreds of billions in the US over the course of Donald Trump's second term.

12/05/2025

Markets

Oil prices plunge to multi-year low as OPEC+ plans output acceleration

Crude oil prices fell to a multi-year low on Monday as OPEC+ confirmed plans to continue unwinding production cuts, accelerating output increases in June. The move is expected to exacerbate a market surplus amid weakening demand driven by escalating US-China trade tensions.

05/05/2025

Economy

How tariffs and other uncertainties are weighing on Mideast economies

Countries across the Middle East and North Africa face significant challenges to economic growth as the region faces economic uncertainty due to tariff measures, lower-than-recent oil prices and cuts to financial aid, the International Monetary Fund said on Wednesday.

01/05/2025

Markets

Oil prices hit 4-year low as US-China trade war sparks recession fears

Crude oil prices plunged to a fresh four-year low as the US-China trade war escalated. Other economic-growth-sensitive commodities, including iron ore and copper, also slumped in recent sessions amid deteriorating demand outlooks in the world’s largest importer.

09/04/2025

Markets

Crude oil prices drop 6% as OPEC output rises and Trump's tariffs hit

Crude oil prices plummeted to near multi-year lows following President Trump’s reciprocal tariff announcement, with a larger-than-expected production increase by OPEC and its allies adding further pressure to the sell-off.

04/04/2025

Markets

Oil markets retreat as economic concerns outweigh Trump tariff threats

Crude oil prices climbed on Monday amid US President Donald Trump’s threats to impose 25% to 50% tariffs on Russia’s oil. However, economic concerns may outweigh geopolitical tensions, as a weakening economic outlook could dampen oil demand. Investors will also be closely watching the OPEC+ meeting.

31/03/2025

Markets

Crude oil prices rise as Red Sea tensions intensify after US strikes

Crude oil prices jumped following the US military strikes on the Iran-backed Houthi militants, in response to the Yemen-based group’s commercial vessel attacks in the Red Sea. However, a deteriorating economic outlook is expected to continue pressuring oil prices.

17/03/2025

Markets

Oil prices drop as OPEC+ agrees to gradually hike output from April

Oil prices had already been trading lower in the last few weeks, partly because of expectations that US president Donald Trump could swiftly end Russia’s war in Ukraine. This, in turn, is likely to increase Russian oil output thanks to sanctions relief.

04/03/2025

Business

Trump warns tariffs on Canada and Mexico are coming on Saturday

President Donald Trump said his 25% tariffs on Canada and Mexico are coming on Saturday, but he’s still considering whether to include oil from those countries as part of his import taxes.

31/01/2025

Business

Shell still reviewing moving listing away from London amid profit miss

Shell said it is still reviewing whether to move its listing away from London as the company's latest earnings failed to cheer investors.

30/01/2025

Green News

US oil and gas is booming: The truth behind Trump's "energy emergency"

The US already produces more oil and gas than any other country in the world.

21/01/2025

Business

BP to axe thousands of jobs after warning over oil and gas production

The energy giant announced earlier this week that weaker oil and gas production would hit its fourth-quarter results for last year.

16/01/2025

Europe News

Nordics and Baltics ask EU to tighten price cap on Russian oil

Denmark, Estonia, Finland, Latvia, Lithuania and Sweden have demanded a revision of the price cap on Russian seaborne oil. The cap was set in late 2022 at $60 per barrel and has remained untouched since then.

13/01/2025