Jennifer Gnana

Brent futures shed 4 per cent of their value after President Trump's speech last night

Exxon Mobil, which operates the West Qurna field said production remained "normal"

Suhail Al Mazrouei says market remains well-supplied but called for de-escalation of US-Iran tension

Markets await possible Iranian retaliation following Suleimani's burial today

Tehran scaled back commitments to the nuclear deal, while Iraq called for US troop withdrawal on Sunday

Energy installations and critical infrastructure remain vulnerable and have been earlier targets of Iranian attacks

The rally comes after a week of escalating tensions between Washington and Tehran

Falling US inventories and Opec+ action are also behind commodity's surge

Fossil fuels, which generated over three-quarters of power in the UK in 1990 accounted for 43 per cent in 2019

The outcome of the US presidential elections this year could have major implications for the industry's longer term fortunes

Prices are poised to increase by around 23 per cent this year — the largest rise since 2016

The oil services firm will undertake full-field development of the Mabrouk North East field over a period of 34 months

The US oil major entered the country's upstream sector earlier this year

Iraq, Opec's second largest producer is said to have restored production from the Nassiriya oil field

Libya, which has some of the cheapest, largely sweet oil in northern Africa, has seen much of its production remain offline during its bloody civil war