Related Articles
Forward article link
Share PDF with colleagues

Mayhem: oil and equity markets caught off guard by UK election result

Yet more uncertainty will be negative for energy demand and stunt policy

Geopolitical risk and volatility have risen since the UK voted for Brexit in 2016. Now a country once known for its political stability has pulled off another shock. Having called an election to build a big parliamentary majority to back her Brexit plans, prime minister Theresa May failed in the 8 June election, losing seats and emerging deeply wounded. Her Conservative party clings to power, just, but will now depend on sympathetic members of a Northern Irish party. May's personal credibility is shattered. In a speech after the election, the prime minister said: "Let's get to work". But it will be another surprise if the Conservatives let her stay in Downing Street for long. By mid-mornin



{{ error }}
{{ comment.comment.Name }} • {{ comment.timeAgo }}
{{ comment.comment.Text }}
Also in this section
Letter from Mexico: Mexico plays catch-up
2 December 2021
The country’s upstream strategy seems at odds with reality and will require an about-turn if there is any hope of meeting its production targets
European chemicals sector rises to climate challenge
1 December 2021
Industry responds to EU’s ‘Fit for 55’ package with new business models and alliances with other sectors, says PwC’s global head of chemicals
Energy transitions for a sustainable future
1 December 2021
The challenge of meeting global energy demand while hitting net-zero targets will be at the core of this year’s World Petroleum Congress
Sign Up For Our Newsletter
Project Data
PE Store
Social Links
Social Feeds
Featured Video