The uncertainty of the future of Brexit has left the United Kingdom’s economy in stagnation as business investment falters on the eve of the nation’s December general election. While Boris Continue Reading
Shares in UK-listed oil companies slumped on Thursday as Britain’s main opposition party, the Labour Party, vowed to increase taxes on the sector in a pledge for a greener economy, Continue Reading
Highlights Labour manifesto expected later Thursday Take hike would hit North Sea investment UK production enjoying recent output recovery London — Proposals by the UK’s main opposition party, Labour, for Continue Reading
Moscow — The Nord Stream 2 gas pipeline directly linking Russia and Germany via the Baltic will come online in the middle of 2020, Russian Deputy Prime Minister Dmitry Kozak Continue Reading
Vladimir Putin has spent his week cozying up to the Organization of Petroleum Exporting Countries (OPEC) and dissing the United States’ oil industry, dismissing shale oil production as a “barbaric” Continue Reading
German auto supplier Continental ( CONG.DE ) on Wednesday said it would pare back its engine manufacturing activities as more stringent emissions rules threaten demand for combustion engine components, resulting Continue Reading
Vagit Alekperov, the chief executive of the second-biggest Russian oil producer, Lukoil, expects OPEC and its Russia-led non-OPEC partners to decide next March whether to roll over the production cuts through Continue Reading
Russia needs to discuss with its OPEC partners the exclusion of gas condensate from its cap under the OPEC+ production cut pact, as condensate isn’t exported, while it is included Continue Reading
Russian President Vladimir Putin said Wednesday his country will continue to work with OPEC on stabilizing oil markets despite “minor disagreements.” The current OPEC+ output cut agreement is in place Continue Reading
German carmaker BMW on Thursday said it had ordered more than 10 billion euros’ ($11.07 billion) worth of battery cells from Chinese battery cell maker Contemporary Amperex Technology Co (CATL) Continue Reading
