Category: Oil

Airlines and companies using fuel surcharges to cover surge in costs, UK survey shows

Firms raising prices at fastest rate in three years, driven by soaring energy and wage bills but also extra cost of metals and plasticsBusiness live – latest updatesOil prices fall as Trump hails ‘progress’ on...

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Trump may not be a fan of clean energy but Iran war is accelerating global shift from oil and gas | Heather Stewart

Unintended consequence of US president’s actions will be boon for China, the leading renewables manufacturerOperation Epic Fury has thus far achieved none of Donald Trump’s war aims, but it may well accelerate the...

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The no-go zone paradox: Chornobyl’s wildlife thrives amid pro-nuclear shift

World’s worst nuclear disaster leaves mixed legacy of nature’s resilience amid serious contamination, as wars increase lobbying for energy supplyForty years on from the world’s worst nuclear disaster, Chornobyl...

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Ed Miliband to double down on net zero with measures to combat Iran energy shock

As fossil fuel prices soar ‘the era of clean energy security must come of age’, energy secretary will sayEd Miliband will double down on Labour’s commitment to net zero in the face of the Middle East conflict...

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Starmer implies he didn’t tell Trump he was ‘fed up’ about his impact on rising UK energy bills – UK politics live

Prime minister says conversation with US president on Thursday night focused on need for ‘practical plan’ to open strait of HormuzTony Blair, the former Labour prime minister, has joined those saying the government...

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Of course we shouldn’t drill for more oil in the North Sea – we cancelled further exploitation for a reason | Bill McGuire

We are at a critical point in the climate emergency and already struggling to meet emissions reduction targets. The UK government must hold its nerveWhile the UK is only marginally involved in the war in the Middle East in...

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Would more North Sea drilling mean lower energy prices for UK consumers?

Kemi Badenoch claims increased UK oil and gas production would cut bills by £200, but critics say plan won’t workOil prices hit $100 a barrel soon after the US and Israel launched their attack on Iran, and though...

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UK inflation held at 3% before global energy price hit from Iran war

February annual rate in line with analysts’ expectations but outlook has shifted because of effects of conflictThe UK inflation rate was unchanged at 3% in February, before Donald Trump’s Iran war drove up global...

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