search | brent

OPEC+ announces steeper than anticipated oil production cuts of 2 million bpd creating a clash with the West as U.S. President Joe Biden calls the surprise decision ‘short-sighted’.

Opinion

Fuel price fears as OPEC+ cuts oil production

...OPEC announcement on Wednesday, Brent crude rose above $93 per barrel and has continued upwards rallying around 10% this week. Not a political decision OPEC Secretary General Haitham al-Ghais described...
Oil prices reach 7-year highs with the Ukraine crisis, winter storms, tight supply and reduced crude oil inventories adding to concerns over supply disruptions. Both Brent and WTI hitting seven-year highs.

News

Oil price at seven-year high amid supply concerns

...crude oil inventories reportedly lower than previously declared, the Ukraine crisis has also fuelled supply concerns resulting in both Brent and WTI hitting their highest levels in seven years. Global...

News

Making a visible difference

...Manslaughter Act 2007. The NEW Spectrum helmet from Hazchem Safety Hazchem Safety has developed compliant garments which are designed to meet drivers’ specific requirements. Brent Douglass, the company’s sales and...

News

February 2016 update

...being at $20 a barrel, we are in fact talking about the benchmark crudes of Brent and WTI (West Texas Intermediate). But these grades make up only a small percentage...

News

Essar Oil UK – ‘a significantly better year’

...Brent for the year, which stood at $2.66/bbl. Chairman – confident that the business will continue to improve its performance “This was a significantly better year for us,” said chairman,...

News

BP to cut 10,000 jobs as virus hits demand for oil

...The majority of people affected will be in office-based jobs. We are protecting the frontline of the company and, as always, prioritising safe and reliable operations.” The Brent crude oil...

News

Thin cover for winter?

...benchmark Ice gasoil surged to nearly $60/t and diesel’s crack spread against Brent surpassed $25/bl. With the sale of all but one of the Petroplus refineries – the 146,000 b/d...

News

Royal Dutch Shell to cut jobs in North Sea

...its Aberdeen office. Leaving around 1,000 people at the site, some of the jobs being lost will be linked to the project of decommissioning of the Brent Charlie platform, which...