The price of a litre of petrol in the UK fell by more than 5p in November, the biggest monthly drop since January 2015. Continue Reading
Workers on Royal Dutch Shell’s Brent oilfield platforms in the North Sea voted overwhelmingly in favour of strike action over disagreements about the terms of new contracts they are being offered.
According to a report from the Bank of Scotland and Lloyds Bank Group, almost a third of UK oil and gas companies are planning to cut jobs in order to retain financial viability following difficulties faced by the industry in recent times. Continue Reading
Prices for crude oil have exceeded $50 a barrel for the first time in more than half a year, while many large oil companies increase their net debt in order to recover from recent low commodity prices.
The Royal Bank of Scotland has cut worldwide investment loans to oil and gas companies in the past year, it has also doubled its lending to green energy initiatives- reaching £1bn a year.