UK reportedly holds talks with oil and gas firms on ending the windfall tax
Newsquawk Staff ·
UK reportedly holds talks with oil and gas firms on ending the windfall tax.
What it means
The UK's discussions with oil and gas firms to potentially end the windfall tax could indicate a shift toward favorable conditions for the energy sector. This move may be perceived as a signal of support for domestic energy production, which could boost investment and impact commodity prices, particularly oil and gas. Traders should watch for market reactions in energy stocks and WTI pricing as this develops.
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- CRUDE WRAP: WTI (Z6) SETTLES USD 1.86 LOWER AT 99.90/BBL; BRENT (F7) SETTLES USD 1.33 LOWER AT 109.41/BBL
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