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BRUSSELS TO KEEP BAN ON ARCTIC OIL AND GAS DRILLING DESPITE NORWEGIAN PRESSURE.
The European Commission will maintain its ban on new Arctic oil and gas drilling in its revised Arctic strategy, despite pressure from Norway. Brussels says the moratorium is necessary to meet EU climate goals and protect the environment.
- 2 days, 15 hours
EU TO MAKE LAST-MINUTE DECISION ON ARCTIC OIL AND GAS DRILLING BAN.
The EU may decide in October whether to maintain or drop its proposed ban on new Arctic oil and gas exploration. The decision reflects growing concerns over energy security, geopolitical competition and the Arctic’s strategic resources.
- 5 days, 12 hours
CONSUMERS HIT BY ONE-TWO PUNCH OF OIL AND RATES FROM IRAN WAR. THE ESTIMATED BILL IS $1,700 PER HOUSEHOLD.
Consumers face a double whammy of rising oil prices and Treasury yields amid the U.S. war with Iran. Higher energy costs have erased tax-refund gains, while households tap savings to sustain spending.
- 1 week
UK OIL AND GAS GROUP SAYS EARLIER TAX SHIFT COULD RAISE £14.9 BILLION.
OEUK says moving the new Oil and Gas Revenue Levy to 2027 could raise an extra £14.9 billion for the UK government. The industry argues earlier tax reform would restore investment confidence and slow the decline of North Sea oil and gas production. OEUK warns current tax uncertainty is driving operators away, increasing the UK's dependence on oil and gas imports.
- 1 week, 1 day
NATURAL GAS AND OIL FORECAST: SAUDI PIPELINE SHUTDOWN DEEPENS GLOBAL SUPPLY RISK.
Saudi Arabia’s East-West pipeline shutdown, alongside ongoing Hormuz and Bab el-Mandeb risks, is tightening global energy supply and increasing volatility. USOIL and UKOIL remain bullish, while Natural Gas is slightly bullish as LNG supply risks intensify.
- 1 week, 2 days
NIGERIA WARNS FLARE-GAS INVESTORS THEY COULD LOSE PERMITS
Nigeria’s upstream oil regulator has warned investors developing projects at gas-flaring sites that they could lose their permits if they fail to make sufficient progress.
- 1 week, 6 days
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