Category: Commodities
Will Great British Energy herald UK’s green revolution?
National energy company, which launched this week, is Labour’s strategy to end dependence on fossil fuelsAberdeen, the centre of the UK’s North Sea oil and gas industry for the past six decades, witnessed the launch...
Read More‘It’s tragic’: Bank of England governor watching Middle East crisis closely
Exclusive: in an interview with the Guardian Andrew Bailey says he fears conflict will affect oil pricesThe Bank of England is monitoring the Middle East crisis amid fears that a worsening conflict between Iran and Israel will...
Read MoreOil firms vow to fight judicial review of North Sea oil and gas projects
Shell and Equinor say they will defend Jackdaw and Rosebank plans after Labour withdraws government supportTwo of Europe’s biggest oil companies have vowed to fight two legal cases brought by environmental campaigners...
Read MoreNorth Sea oil firm Neo slows investment amid windfall tax concerns
Battle ahead for Labour as it introduces higher taxes and tougher environmental rules on producersBusiness live – latest updatesUK politics live – latest updatesAn oil and gas company has slowed down work on a large...
Read MoreNorth Sea firms claim windfall tax risks 35,000 jobs and £12bn in tax receipts
Industry group says plans for tougher taxes would ‘trigger an accelerated fall’ in output and investmentThe North Sea industry has warned the government not to toughen its windfall tax on oil and gas profits in the...
Read MorePost Office management were ‘thugs in suits’, former Lib Dem leader Vince Cable tells inquiry – as it happened
Cable agrees with characterisation of leadership at state-owned body when he was business secretary from 2010-15 in testimony to hearings on Horizon IT scandalGreg Clark, the business secretary from 2016 to 2019, has begun to...
Read MorePost Office management were ‘thugs in suits’, former Lib Dem leader Vince Cable tells inquiry – business live
Cable agrees with characterisation of leadership at state-owned body when he was business secretary from 2010-15 in testimony to hearings on Horizon IT scandalCable has said that not one of a group of 140 MPs campaigning on...
Read MoreFormer Lib Dem leader Vince Cable testifies at inquiry into Post Office Horizon scandal – business live
Cable was business secretary from 2010-15 when the government privatised the Post OfficeVince Cable has said that issues relating to the Horizon IT system were barely raised with him in the five years he was in post as business...
Read MoreMicrosoft outage linked to cyber security firm Crowdstrike hits airlines, railways and media outlets globally – business live
Banks, airlines, railways, telecoms companies, TV and radio broadcasters, and supermarkets have been taken offlineEdinburgh Airport said the IT outage is causing longer waiting times. A spokesperson said:An IT system outage...
Read MoreZelenskiy to attend UK cabinet meeting in effort to disrupt Russian oil sales
Ukraine’s president will ask for more help to block Putin’s growing ‘shadow fleet’ of tankers carrying sanctioned crude to buyersThe Ukrainian president, Volodmyr Zelenskiy, will attend an extraordinary...
Read MoreUnion urges Labour not to ban new North Sea licences without plan for jobs
Unite launches bid to persuade Keir Starmer to invest more in north-east ScotlandThe UK’s oil and gas workers risk becoming “the coal miners of our generation,” Unite’s general secretary, Sharon Graham,...
Read MoreCalls grow for urgent talks to protect future of Grangemouth oil refinery
Governments in Westminster and Edinburgh urged to engage with Petroineos to save Scotland’s sole remaining oil refineryThe UK and Scottish governments have been asked to arrange urgent talks to protect the future of...
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