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NatWest Tightens Oil and Gas Industry Financing Restrictions

Natwest CEO Alison Rose

Natwest CEO Alison Rose

Photographer: Hollie Adams/Bloomberg

NatWest Group Plc plans to further restrict its financing of the oil and gas industry.

The UK bank will no longer provide so-called reserve based lending for new customers, it said on Thursday. From the end of December 2025, NatWest will no longer renew, refinance or extend reserve based lending for existing customers.