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Brent Oil - Pound, gold and oil prices in focus: commodity and currency check, 5 February

05-02-2025 01:38

The pound climbed 0.3% against the dollar, rising to $1.2513, as market uncertainty surrounding president Donald Trump’s fluctuating tariff policies caused ripples across global markets. Initially, ...

Shell restarts oil production at Penguins field with new FPSO unit

Shell plc, the British oil and gas company, said on Tuesday that it has resumed oil production at the Penguins oil field in the UK North Sea.

Shell restarts production at Penguins oil field in UK North Sea

The field's export route, which previously went through the Brent Charlie platform that ceased production in 2021 and is being decommissioned, will shift to the new FPSO that reduces operational ...

Oil Rises as Trump’s Tariffs Raise Supply Fears

Prices jumped on concerns that U.S. tariffs against its major trade partners could disrupt supplies and raise prices at the pump.

Natural Gas and Oil Forecast: Weak Demand and OPEC’s Stance Keep Energy Prices Under Pressure

OPEC’s decision to maintain production and sluggish demand weigh on natural gas and oil, signaling bearish trends ahead.

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