Category : Search result: wholesale oil prices


Saudi Arabia's £1.5T Line Megacity Faces Major Scale-Back

Saudi Arabia's revolutionary 100-mile linear city 'The Line' faces significant downsizing as falling oil prices force Riyadh to reconsider its ambitious £1.5 trillion NEOM project, with construction reportedly paused and plans dramatically scaled back.

OPEC pauses oil output hikes as prices surge

Global oil markets face turbulence as OPEC+ unexpectedly pauses planned output increases, sending prices soaring while UK manufacturing activity contracts sharply.

UK Electricity Prices Set to Fall for Households

Millions of British households are about to see significant relief on their energy bills as electricity prices are forecast to drop substantially in the coming months, driven by increased renewable generation and lower wholesale costs.

Shell profits hit £5.1bn despite energy market pressures

Energy giant Shell reports third-quarter profits of $6.2 billion, defying expectations despite lower gas prices and refining margins. Discover how trading operations and LNG performance drove these impressive results.

Trump-Xi Trade Deal Fuels Oil Surge & Market Rally

Global markets surge as Trump and Xi announce landmark trade agreement, sending oil prices skyrocketing while Shell posts staggering £7.4 billion quarterly profit amid energy sector boom.

Piper Alpha Survivor's 175ft Leap from Hell

Thirty-seven years after the Piper Alpha disaster, survivor Steve Rae recounts his desperate jump from the burning oil platform that claimed 167 lives in Britain's deadliest offshore tragedy.

Petrofac wins major Shell North Sea contract

Energy services giant Petrofac lands significant Shell contract for North Sea assets, safeguarding Scottish jobs and reinforcing Aberdeen's energy hub status amid industry transformation.

Petrofac collapse puts North Sea jobs at risk

UK oil services company Petrofac enters administration, threatening thousands of North Sea jobs and sending shockwaves through Britain's energy sector amid ongoing financial struggles.

Trump Sanctions Hit Russian Oil & Gas Markets

New US sanctions targeting Russia's oil and gas sector under President Trump are creating shockwaves through global energy markets, with analysts warning of potential price surges and supply chain disruptions.

US sanctions Russian oil giants, markets volatile

Washington escalates economic warfare with sweeping sanctions against Rosneft and Lukoil, triggering oil price volatility and global supply chain concerns as China trade tensions intensify.

Trump's Russia Oil Sanctions: Will They Work?

The Trump administration's latest move to sanction Russian oil companies raises critical questions about effectiveness, global energy markets, and geopolitical strategy in a divided world.

Petrobras abandons Amazon oil exploration plans

Brazil's state oil giant Petrobras has dramatically halted controversial drilling plans near the Amazon River mouth, marking a significant victory for environmental campaigners ahead of COP30 climate talks.

Luxury Bedding at Bargain Prices in Sydney

Discover how Kingtex International is revolutionising Sydney's bedding market with premium quality linens at wholesale prices, making luxury sleep affordable for everyone.

India denies Trump's Russian oil ban claims

Indian officials have directly contradicted Donald Trump's assertion that New Delhi agreed to stop purchasing Russian oil, creating fresh uncertainty about global energy markets and US-India relations.

Labour's North Sea oil plan sparks industry backlash

Keir Starmer faces mounting criticism over Labour's controversial North Sea oil and gas policy as industry leaders warn of economic devastation and Nigel Farage positions Reform UK as energy industry defenders.

Trump administration auctions Gulf of Mexico for oil drilling

Former President Donald Trump's administration is pushing forward with controversial plans to auction over 73 million acres for oil and gas drilling in the Gulf of Mexico, drawing immediate backlash from environmental groups and setting up a major politic

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