Britain’s leading business lobby has urged the government to approve the Jackdaw and Rosebank North Sea developments and roll back the windfall levy on domestic producers, arguing this would stabilize the country’s oil and gas sector and support the energy transition. The debate comes as global benchmarks Oil – Brent Crude, Oil – US Crude, and Natural Gas trade under pressure, reflecting concerns over demand and policy uncertainty.
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Over the past month, Brent has slipped about 6.7% while WTI is down roughly 4.9%, signaling a softer crude backdrop even as North Sea supply policy is contested, with both contracts showing a short-term Hold and Hold signal, respectively. Natural gas has fallen around 14.5% in the same period and currently flashes a near-term Sell signal, underscoring weak pricing power for producers despite calls for renewed UK upstream investment. Investors can explore more updates, prices, and analysis across global markets at Commodities.