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UK to sanction Russian oil tankers in bid to undermine Kremlin war effort

- Sanctioned ships will be banned from entering British ports, may be detained if found in UK waters, according to 10 Downing Street

09:23 Oil

US oil rig count down by 5 for week ending May 9

- Number of US oil rigs fall by 22 compared to one year ago

09:18 Oil

Oil prices rise weekly amid US inventory drop, trade talks, OPEC+ move

- Crude prices rebound sharply as demand signals strengthen and global trade tensions ease

09.05.2025 Oil

Oil up on US-UK trade deal, hopes for US-China talks

- Trade deals are expected to ease pressure on global trade and boost oil prices by improving demand prospects

09.05.2025 Oil

US crude oil inventories down by 0.5% for week ending May 2

- Daily crude oil production decreased to around 13.36 million barrels per day

08.05.2025 Oil

Oil prices climb on US-China trade hopes, supply outlook

-Expectations that US and Chinese officials to meet this week in first formal step toward trade talks since President Donald Trump imposed sweeping tariffs on China, push oil prices up

07.05.2025 Oil

Oil prices up after sharp drop sparked by OPEC+ output hike plan

- Prices rebound on profit-taking after plunging to their lowest since February 2021 on Monday, following OPEC+ decision by 8 members to boost output.

06.05.2025 Oil

Energy giants’ profits sink more than 20% as oil prices fall

- Profits of world's 8 largest oil companies drop 21.3% to $31 billion in Q1

05.05.2025 Oil

Oil prices slide as OPEC+ moves to boost output

- Key producers Saudi Arabia and Russia are set to lead the increase, with analysts saying move points to rise in global oil supply over coming months

05.05.2025 Oil