Tullow Oil Share Price Tullow Oil (LON:TLW) enjoyed a strong start to 2021, as demand picked up and OPEC+ kept its hand firmly on the supply of oil. However, the last month has seen a downturn in the Tullow Oil share price, falling by 20.8%. While the fate of oil over the remainder of the […]

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Ebrahim Raisi elected as leader of Iran The price of Brent crude oil is creeping higher again on Tuesday, as demand keeps picking up, while talks between the US and Iran over the lifting of sanctions appear to be stalling. Early this morning Brent crude oil went past the $74 mark, before retreating somewhat heading […]

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Oil had a stormy year in 2020, plummeting to record lows during the near-global lockdown in the spring, before rapidly climbing towards the latter end of the year as travel restrictions were gradually loosened and vaccine optimism sparked a jump in demand. Earlier this week, oil rallied to an 11-month high with Brent Crude coming […]

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The price of oil has climbed on Tuesday morning against a weaker dollar, following yesterday’s announcement that Goldman Sachs expects Brent prices to reach $65 per barrel by this summer. A combination of Saudi Arabia’s decision to cut output and anticipation of a Democrat-driven stimulus check in the US has also boosted the commodity – […]

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The price of crude oil plummeted on Monday as concerns mount over the rapid spread of a new strain of Covid-19, causing a mass travel ban between the UK and more than 30 other countries around the world as leaders fight to keep the variant from spreading. Known as VUI-202012/01, the new strain was first […]

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The price of oil has hit its highest level since early September. As markets are optimistic around the vaccine news, the demand for oil should continue to increase if the vaccine is rolled out. Brent crude is up 1.67% at $45.71 per barrel, which is the highest price in nearly three months. “Positive sentiment continues […]

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Oil price fell to a 5-month low on Monday morning over fears of another Covid-recession. Brent crude slid by 4% this morning to $36.41 per barrel whilst US crude slumped by over 4.5% as more country’s go into lockdown. The price of Brent crude is down 45% this year. “Covid-19 cases continue to break records […]

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It’s little secret that FTSE 100 oil stocks have been absolutely battered in 2020, and today’s share price drops seemed to add icing to the rather underwhelming cake. If you’re confused about why today in particular is significant, here are a few reasons why it might be so. Number 1: Sluggish oil price recovery Yes, […]

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