Oil prices climb as supply strains shift the balance

Pharos Energy Plc

Brent and WTI prices are heading for roughly 4% gains this week, the strongest such advance in three months.

The catalyst lies in Russia’s announcement of a partial ban on diesel exports through year-end, layered on top of its existing gasoline export curbs. Meanwhile, Ukrainian strikes on Russian refining infrastructure have chipped away at domestic output, leaving pockets of fuel shortages across key regions.

The upshot is that oil markets are entering a phase where direction may be driven less by cyclical demand shifts and more by the slippage of supply under geopolitical stress.

Pharos Energy Plc (LON:PHAR) is an independent energy company with a focus on delivering long-term sustainable value for all stakeholders through regular cash returns and organic growth, underpinned by a robust cash flow and resilient balance sheet.

Share on:
Find more news, interviews, share price & company profile here for:

Pharos Energy delivers stable production and strong cash generation in Interim Results

Pharos Energy reported interim results for the six months to 30 June 2025, with production averaging 5,642 boepd net, in line with guidance. Revenue reached $65.6m, while cash generated from operations was $31.9m, supporting a 10% increase in the interim dividend to 0.3993 pence per share.

Pharos Energy CEO and CFO acquire shares under trading plans

On 28 July 2025, Katherine Roe, Chief Executive Officer, purchased 6,724 ordinary shares at £0.219 each—bringing her holding to 71,308 shares (0.017 per cent of issued capital). Sue Rivett, Chief Financial Officer, acquired 4,452 shares at the same price, increasing her stake to 1,805,871 shares (0.434 per cent).

Pharos Energy reports 1H25 trading update, Vietnam drilling near

Pharos Energy reported 1H25 working interest production of 5,642 boepd (guidance 5,000 to 6,200 boepd unchanged) and revenue of about $65.3m

Pharos Energy CEO and CFO increase shareholdings

Pharos Energy plc announced that CEO Katherine Roe and CFO Sue Rivett purchased shares on 27 June 2025 at £0.21266 per share under existing trading plans.

Pharos Energy appoints João Saraiva e Silva as Non-Executive Chair

Pharos Energy has appointed João Saraiva e Silva as Non-Executive Chair, succeeding John Martin.

Pharos Energy secures two-year extension for Vietnam exploration blocks

Pharos Energy secures a two-year extension for Blocks 125 & 126 in Vietnam, enhancing exploration efforts and growth potential for its assets.

Search

Search