Economy

Brent hits $71, highest since March, on demand prospects

Oil prices rose on Tuesday, with Brent hitting $71 and trading at its highest since March, as expectations grew for increased fuel demand during the summer driving season in the United States, the world’s top oil consumer.

EXCLUSIVE Eni, BP in talks over oil and gas assets in Algeria

BP (BP.L) and Eni (ENI.MI) are in talks over the future of their oil and gas assets in Algeria as the two groups increase efforts to refocus their businesses to tackle falling margins, rising debt and climate pressures, three sources said.

Analysis: Gaza truce shifts focus to Egypt’s regional role

Egypt’s work to broker and secure a truce in the Gaza Strip this month has thrust it into the diplomatic spotlight, prompting top-level reengagement from Washington and overshadowing moves by several Arab states to normalise ties with Israel.

Brent hits $71, highest since March, on demand prospects

Oil prices rose on Tuesday, with Brent hitting $71 and trading at its highest since March, as expectations grew for increased fuel demand during the summer driving season in the United States, the world’s top oil consumer.

EXCLUSIVE Eni, BP in talks over oil and gas assets in Algeria

BP (BP.L) and Eni (ENI.MI) are in talks over the future of their oil and gas assets in Algeria as the two groups increase efforts to refocus their businesses to tackle falling margins, rising debt and climate pressures, three sources said.

Analysis: Gaza truce shifts focus to Egypt’s regional role

Egypt’s work to broker and secure a truce in the Gaza Strip this month has thrust it into the diplomatic spotlight, prompting top-level reengagement from Washington and overshadowing moves by several Arab states to normalise ties with Israel.

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