BP Plc and Vitol Group led a surge of bids in a key North Sea pricing window, the latest short-term sign of a stronger market as prices continue to defy expectations of a major surplus in the final months of the year. The two firms, joined by Unipec ...

UK North Sea oil and gas endured its toughest year in decades in 2025, with investment pulled back sharply and offshore exploration falling to zero.

North Sea daily oil output in February will be slightly lower than January's plan, dropping by about 0.5%, according to Reuters

Vitol Group has built up a significant position in North Sea crude, indicating a bullish bet on benchmark prices despite signs of a looming increase in global supplies. The world’s top independent oil trader this week bought eight cargoes in a key ...

Brent crude oil prices fell to below $60 a barrel on Tuesday, the lowest since May, amid investor optimism over progressing peace talks between Russia and Ukraine, and a wave of oversupply hitting global oil markets. CULVER CITY, CA - APRIL 25: Oil rigs ...

Norway continues to expand oil and gas exploration, offering fiscal stability and generous tax refunds for exploration losses. The UK faces an industry exodus amid shifting tax regimes and political uncertainty. The UK’s windfall tax and scrapped ...

Technically, the market is under long liquidation, with open interest falling 2.42% to 17,376 alongside a price decline of 22. Crude oil has support at 5,184, below which prices may test 5,155. On the upside, resistance is seen at 5,261, and a move above this level could push prices toward 5,309.

Asian refiners are finding oil from the Atlantic basin more attractive as the Brent-Dubai exchange of futures for swaps (EFS) has fallen to nearly zero, down from about $4 a barrel in June, Bloomberg News reported Wednesday, citing data from PVM Oil ...

Crude oil is never out of the news for various reasons, but it now seems to have ignited yet another war. Here’s our ready reckoner for everything crude

When Russian troops crossed into Ukraine in February 2022, the country’s main crude export blend, Urals, was still trading in line with its traditional discount to North Sea Brent. On the day before the war on February 21 2022, a barrel of Brent cost $97 ...

Trump's administration intends to control the distribution of Venezuela's oil products globally following its ouster of President Nicolás Maduro in a surprise nighttime raid.