Category: Energy industry

How the Iran conflict could affect prices around the world – video explainer

Oil markets have had some of the steepest price rises ever recorded as conflict in the Middle East escalated over the last week. Although the world is slowly becoming greener, fossil fuels are still the lifeblood of every...

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Lengthy US-Iran war would affect ‘lives and households of everybody’, says Starmer

Ministers understood to be considering ways to mitigate rising energy bills as oil prices surpass $100 a barrelMiddle East crisis – live updatesUK politics live – latest updatesKeir Starmer has said that a long-term...

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War in Middle East ‘could wipe out growth in UK living standards’

Rising oil and gas prices may affect increase of £300 a year for typical working-age households, says leading thinktankBusiness live – latest updatesThe Middle East crisis could trigger an energy price shock that...

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Tony Blair’s thinktank accuses Ed Miliband of driving up energy prices

Report by Tony Blair Institute urges government to drop some green policies amid criticism of decarbonisation goalTony Blair’s thinktank has accused Ed Miliband of driving up energy prices in his push to make...

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We can move beyond the capitalist model and save the climate – here are the first three steps | Jason Hickel and Yanis Varoufakis

Capitalism cares about our species’ prospects as much as a wolf cares about a lamb’s. But democratise our economy and a better world is within our graspWe have an urgent responsibility. Our existing economic system...

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‘Plainly wrong’: London flat dwellers fight shock £200,000 heating bill

Almost 1m UK households are hooked up to heat networks. None had protection from poor service or price hikes … until last month‘If I could move, I would – to a place without a heat network. But I can’t...

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Why Russia’s economy is unlikely to collapse even if oil prices fall

Hopes that tougher sanctions and lower oil prices could derail Putin’s war effort underestimate how far the Kremlin has rewired its economyPacing inside the Kremlin last weekend, as news feeds churned out minute-by-minute...

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