United Kingdom

LONDON (Reuters) - Oil prices dipped on Thursday as bullish signals from Chinese import data and U.S. crude oil stocks draws were outweighed by surging coronavirus cases in Europe and new lockdowns in China.

Brent crude oil futures fell 36 cents to $55.70 a barrel by 0917 GMT, while U.S. West Texas Intermediate (WTI) dropped 26 cents to $52.65.

Brent’s six-month backwardation, whereby contracts for later delivery are cheaper, fell to its lowest since Jan. 5, indicating bullish sentiment easing.

LONDON (AP) — British Prime Minister Boris Johnson has said a lot of nice things about Donald Trump over the years, from expressing admiration for the U.S. president to suggesting he might be worthy of the Nobel Peace Prize.

But after a mob of Trump supporters invaded the U.S. Capitol on Jan. 6, Johnson has changed his tune.

Trump, he said, had encouraged the violent insurrection, had disputed the result of a “free and fair election,” and was “completely wrong.”

LONDON (Reuters) - Oil prices fell after earlier gains on Wednesday as rising global COVID-19 cases took the shine off a rally spurred by a bigger-than-expected drop in U.S. crude inventories.

Brent crude prices were down 34 cents, or 0.6%, at $56.24 a barrel by 1512 GMT. Prices rose as far as $57.42 a barrel earlier in the session, the highest since Feb. 24.

The next milestone for Brent prices is a rise above $60, a level not seen since late January 2020.

LONDON (Reuters) - Oil hit an 11-month high just below $57 a barrel on Tuesday as tighter supply and expectations of a drop in U.S. inventories offset concerns over rising coronavirus cases globally.

Saudi Arabia plans to cut output by an extra 1 million barrels per day (bpd) in February and March to stop inventories from building up. The latest U.S. supply reports are expected to show crude stocks fell for a fifth straight week. [EIA/S]

LONDON (Reuters) - Britain will introduce new rules for companies to try to prevent goods from China’s Xinjiang region entering the supply chain, foreign minister Dominic Raab said on Tuesday, toughening London’s response to allegations of forced labour.

He told parliament Britain would create more robust guidance for due diligence on sourcing, toughen the Modern Slavery Act to include fines, bar from government contracts any companies which do not comply to procurement rules and launch a Xinjian-specific review of export controls.

LONDON (AP) — The U.K. opened seven mass vaccination centers Monday as it moved into the most perilous moment of the COVID-19 pandemic, with exhausted medical staff reeling under the pressure of packed hospitals and increasing admissions.

England’s chief medical officer, Dr. Chris Whitty, warned people to strictly follow measures to prevent the spread of the virus while they wait their turn for a vaccine shot. The government is trying to vaccinate some 15 million people by Feb. 15 — but Britain’s National Health Service is struggling to treat those who are ill now.

LONDON (Reuters) - Brent crude oil prices fell as much as $1 per barrel on Monday, hit by renewed concerns about global fuel demand amid tough coronavirus lockdowns across the globe, as well as a stronger U.S. dollar.

Brent was down 80 cents, or 1.4%, at $55.19 a barrel at 1010 GMT, after falling $1 to a session low of $54.99 earlier.

U.S. West Texas Intermediate (WTI) slipped 49 cents, or almost 1%, to $51.75 a barrel.

LONDON (Reuters) - Britain has now given around 2 million people a COVID-19 vaccination, Health Secretary Matt Hancock said on Sunday ahead of a ramp-up in the roll-out of the shots on Monday.

“Over the last week we’ve vaccinated more people than in the entirety of December, so we’re accelerating the roll-out,” he told BBC TV.

Asked how many people had been vaccinated, Hancock said: “It’s around the 2 million mark, but we’re going to publish the exact figures tomorrow and then henceforth on a daily basis.”

LONDON, Jan. 9 (Xinhua) -- The British government on Saturday urged Britons to "stay at home" in a major advertising campaign to help protect Britain's national health system and save lives as surging coronavirus cases are threatening to overwhelm hospitals in the country.

Chris Whitty, England's chief medical officer, said in a advert rolled out on radio, TV and social media: "COVID-19, especially the new variant, is spreading quickly across the country. This puts many people at risk of serious disease and is placing a lot of pressure on our NHS (National Health Service)."

LONDON (Reuters) - Oil prices hit their highest since late February on Thursday after a fall in U.S. stockpiles added further support following the unilateral decision by Saudi Arabia to cut output.

Brent crude was up 18 cents, or 0.3%, at $54.48 a barrel at 1015 GMT after earlier touching $54.90, levels not seen since before the the first COVID-19 lockdowns in the West.

U.S. West Texas Intermediate (WTI) rose as far as $51.28 and was last up 33 cents, or 0.7% at $50.96.