Browsing: oil

The Bank of England could be forced to tear up its economic forecasts and raise interest rates later this year if oil prices return to above…

Oil prices have dropped sharply as traders bet that a pause in US attacks on Iran could prevent an escalation in the conflict that would further…

Higher oil prices hit drivers at the petrol pump – closing summaryHigher oil prices because of the resumption of US attacks on Iran and the spread…

Tycoon Harold Hamm is one of the US’s most successful oilmen, the son of Oklahoma sharecroppers who hit it rich as a “wildcatter” and pioneered fracking…

Crude oil prices hit highest levels in four weeksCrude oil prices have hit their highest levels in four weeks, as Washington and Tehran traded attacks and…

Oil prices rose 5% on Monday as Donald Trump reinstated the US blockade of Iranian shipping in the Gulf and will charge other countries to pass…

Key eventsOpec cuts global oil demand growth outlook againThe oil cartel Opec has lowered its forecast for global oil demand growth this year to 780,000 barrels…

On 10 June, a snowy-haired American in his 60s addressed the residents of a remote Greenland hamlet. He was there to tell them about a business…

Delta Airlines saidelevated airfares are likely to last despite a recent drop in oil prices, reporting strong appetite for travel and record-high revenue in its quarterly…

Key eventsTata Steel’s Dutch branch faces legal actionThe Dutch prosecutor’s office said today it is launching legal action against the Dutch branch of the Indian steelmaker…