Lukanyo Mnyanda

Sector at standstill as levy on profits and plans to close tax loopholes creates uncertainty

Last week’s wipeout in prices prompted a flurry of forecast changes from analysts

Brent crude has fallen 13% since late August on concerns over slowing demand

Harbour Energy chief says sector will be vital for decades as Wintershall deal completes

Brent drops 5% on global oversupply concerns

UK engineer divests divisions for $165mn as it faces pressure to mount turnaround

Boom for traders that followed Russia’s full-scale invasion of Ukraine may be coming to an end

Policy uncertainty and Labour’s levy plans threaten fall in production and jobs in ageing oil basin, executives warn

Policy uncertainty and Labour’s levy plans threaten fall in production and jobs in ageing oil basin, executives warn

Brent prices slip as watchdog predicts slowing demand growth in 2024