Serica Energy has urged U.K. authorities to accelerate approvals for new North Sea oil and gas projects, arguing that stronger domestic output could help buffer disruptions such as the current supply bottlenecks in the Strait of Hormuz linked to conflict involving Iran. The call comes as global crude benchmarks, including Oil – Brent Crude and Oil – US Crude, respond to heightened geopolitical risk, while Natural Gas traders weigh regional security and policy uncertainty.
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Over the past month, Brent has risen about 42.46%, with its short-term technical outlook flashing a Strong Buy signal, suggesting momentum remains tilted to the upside. U.S. crude has advanced roughly 39.61% in the same period and likewise shows a Strong Buy bias, while natural gas prices have slipped around 1.48% and screen a Sell indication, highlighting a divergence between oil and gas amid evolving supply dynamics and policy debates in the North Sea. Investors can explore more updates, prices, and analysis across global markets at Commodities.