Serica Energy has lowered its 2026 production forecast after a further delay to the restart of the Triton production vessel, where
Ember estimates that electric car fleets displaced 200 million barrels of crude oil in importing economies during March-August 2026. The estimated
Official figures put average diesel prices above £2/litre, increasing pressure on businesses with substantial transport costs. The milestone concerns the government’s
Governments have backed faster delivery of existing emergency stock commitments, rather than announcing a separate new release. Around 100 million barrels
Brent is forecast to average $105/barrel in the fourth quarter, $14 above the EIA’s previous estimate. Recovering Middle Eastern exports are
Shell’s indicative refining margin rose 75% quarter on quarter, while its chemicals margin fell approximately 23%. Higher integrated gas production includes
Equinor chief executive Anders Opedal says rejection of either development would be a “major setback” for its Adura joint venture with
G7 countries will release 100 million barrels of oil and refined products over four months, with diesel front-loaded into the first
The OGCI’s 12 oil and gas majors reduced aggregate upstream carbon intensity to 16.5kg CO₂e per barrel of oil equivalent in
Two deputy governors who voted to hold rates in September have signalled that persistent energy inflation could change their position. The
