Category: Oil

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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Britain facing ‘catastrophe’ because of children being addicted to social media, peers told – UK politics live

House of Lords debate amendments to bill that would ban children under the age of 16 from having social media We’re not far off PMQs. Here is the list of MPs down to ask a question.There will be two statements in the...

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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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Ed Miliband looking into more North Sea drilling despite Labour pledge

Exclusive: Energy secretary examining ways to allow oil and gas exploration without breaking manifesto promiseEd Miliband is planning to encourage drilling in the North Sea despite a manifesto promise not to grant new licences...

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