UK Wage Growth Will Keep Interest Rates High 1038 GMT - U.K. wage growth is staying high and any downtrend will likely be gradual, suggesting Bank of England rate cuts will come later than the. | June 12, 2023
The FTSE 100 Index closed up 0.1% to 7570 points in a positive start to the week for financial markets, despite a slip in miners and oil-exposed stocks, as focus remains on interest-rate decisions from the Federal Reserve and European Central Bank late.
Here’s a roundup of the latest E&P headlines, including a new subsea tieback beginning production in the Norwegian Sea, new contract awards and an updated agreement regarding oil spill preparedness offshore Alaska.