Fuel prices hit three-and-a-half-year low
Fuel prices have sunk to their lowest level in up to three-and-a-half years, new figures show.
Oil
Low oil price sees sharpest drop in fuel costs for 12 years
UK petrol prices fell by their largest margin in 12 years during March, new figures have shown.
Property firm boss says Aberdeen ‘well-placed’ to recover from Covid-19 and oil price crash
An Aberdeen commercial property firm has said the city is ‘well-placed’ to recover from the impact of coronavirus and oil price crash on the economy.
No alarm over future for North Sea, oil boss says
Neptune Energy’s UK boss said on Tuesday that talk of the North Sea oil and gas industry being wiped out by a collapse in crude prices is premature.
Shell halves boss’s pay after deaths at company
Shell halved its chief executive’s pay in 2019, a year when seven people died while working for the company and revenue contracted.
Saudi oil giant to further increase production capacity
Saudi Arabia’s oil company Aramco has said it will increase production capacity to 13 million barrels per day, up from 12 million per day.
Saudi giant announces it will increase oil production to record level
Saudi Arabia’s state-run oil giant Saudi Aramco said it would increase its crude oil production to 12.3 million barrels a day in April, a record amount.
Markets remain turbulent on coronavirus fears after Monday’s meltdown
Stock markets have endured further volatile trading as investors remained nervous after the “Black Monday” meltdown saw the worst day for London blue chips since the 2008 financial crisis.
Stocks plummet on Wall Street over coronavirus and oil price crash
Coronavirus fears and a crash in oil prices sent a shudder through financial markets on Monday, with stocks plummeting so fast on Wall Street that they triggered the first automatic halt in trading in over two decades.
Markets shaken by oil shock as FTSE loses £125bn
A bloodbath stained trading floors across the world on Monday as traders reacted to a huge drop in the price of oil when Riyadh launched the first salvo in an oil price war against Russia.
Stock market crash: What is going on?
Stock markets have tanked around the world as investors deal with the fallout from coronavirus and Saudi Arabia and Russia face off over oil prices.
Experts predict joy for motorists as oil prices collapse
Petrol prices across the country could fall by up to 10p if the cost of oil continues to stay low, experts have said.
‘Black Monday’ for traders as FTSE 100 collapses nearly 8%
An all-out oil war between Saudi Arabia and Russia has led to stock markets and oil prices tanking around the world.
South Sudan ‘ignores reports on oil pollution and birth defects’
The oil industry in South Sudan has left a landscape pocked with hundreds of open waste pits, with the water and soil contaminated with toxic chemicals and heavy metals including mercury, manganese, and arsenic, according to four environmental reports.
Oil giant BP sets net-zero target by 2050
The new boss of BP has promised to fundamentally “reinvent” the oil giant as he pledged the company would become carbon neutral by the middle of the century.
Lower oil prices send Shell profits tumbling
Royal Dutch Shell has suffered a hefty fall in full-year profits after lower oil prices and charges sent earnings crashing in the final three months of 2019.
Aberdeen mentors awards celebrate success
The successes and achievements of a group of mentors and their mentees working in the oil and gas industry have been celebrated at an awards ceremony in Aberdeen.
Climate activists end blockade at Shell headquarters in Aberdeen
Climate change activists have ended a 13-hour protest at the entrance to the headquarters of oil giant Shell in Aberdeen.
Climate activists blockade Shell headquarters in Aberdeen
Climate change activists have blocked the entrance to the headquarters of oil giant Shell in Aberdeen.
Concerns oil has again leaked into ponds at Aberdeen park
An environmental body is probing reports oil has once again leaked into ponds.
BP selling £475m worth of North Sea assets to Premier Oil
Oil major BP has struck a deal to sell its stakes in the Andrew area in the central North Sea to Premier Oil.
Our Aberdeen: 50 years of oil in Aberdeen
December 2019 marks 50 years since Amoco found commercial quantities of oil in the Montrose field of the North Sea.
BP holds second-quarter profits firm, but sees half-year results slip
BP has posted a drop in half-year profits, but delivered better-than-expected second-quarter earnings after higher production offset lower oil prices.
BP holds second-quarter profits firm, but sees half-year results slip
BP has posted a drop in half-year profits, but delivered better-than-expected second-quarter earnings after higher production offset lower oil prices.
BP holds second-quarter profits firm, but sees half-year results slip
BP has posted a drop in half-year profits, but delivered better-than-expected second-quarter earnings after higher production offset lower oil prices.
BP holds second-quarter profits firm, but sees half-year results slip
BP has posted a drop in half-year profits, but delivered better-than-expected second-quarter earnings after higher production offset lower oil prices.
BP holds second-quarter profits firm, but sees half-year results slip
BP has posted a drop in half-year profits, but delivered better-than-expected second-quarter earnings after higher production offset lower oil prices.
BP holds second-quarter profits firm, but sees half-year results slip
BP has posted a drop in half-year profits, but delivered better-than-expected second-quarter earnings after higher production offset lower oil prices.
BP holds second-quarter profits firm, but sees half-year results slip
BP has posted a drop in half-year profits, but delivered better-than-expected second-quarter earnings after higher production offset lower oil prices.
BP holds second-quarter profits firm, but sees half-year results slip
BP has posted a drop in half-year profits, but delivered better-than-expected second-quarter earnings after higher production offset lower oil prices.