Tony Blair Think Tank Calls For North Sea Oil Revival
A think tank set up by former British Prime Minister Tony Blair has urged the Starmer government to reverse the decline in the country’s oil and gas industry, saying its…
Electric Vehicle Sales Dip 3% After China Cuts Subsidies and Adds Tax
Global sales of electric cars declined by 3% last month as China moved to reduce subsidies and introduce a purchase tax on EVs, adding to consumer cooling after the U.S.…
Oil Prices Drop 3% After IEA Cuts Demand Growth Outlook
Oil prices dropped Thursday after the International Energy Agency cut its demand growth outlook, a revision that landed in a market already uneasy about how quickly supply is said to…
Market Positioning Itself for Period of Higher Geopolitical Risk
The oil market is positioning itself for a period of higher geopolitical risk and unpredictability, according to Emily Ashford, Energy Research Head at Standard Chartered Bank. “This is evident in…
Trump Disavows Oil Executive’s Role in Venezuela Talks
President Donald Trump on Thursday rejected any suggestion that a private U.S. oil executive is shaping Washington’s approach to Venezuela, stepping into a sensitive debate over who gets influence in…
Ukrainian Drone Strike Halts Major Russian Refinery in Volgograd
Russia’s Volgograd oil refinery suspended oil processing on Wednesday after a Ukrainian drone attack triggered a fire at the plant. The Lukoil-owned refinery is a major Russian oil processing facility…
