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Company says more roles will be at risk unless UK government supports tariffs to protect industryBusiness live – latest updatesIneos, the chemicals company owned by the billionaire Sir Jim Ratcliffe, is to cut a fifth of jobs at its East Yorkshire plan…
Vladimir Putin denounces seizing of the vessel as an act of piracy and warned it could provoke confrontationThe captain of an oil tanker that authorities in France have detained off the country’s Atlantic coast and that President Emmanuel Macron has li…
DEEP DIVE – Looking at the recent headlines from Russia, this much seems clear: the West’s sanctions against the country are finally working.Oil revenues have fallen dramatically. Growth is anemic – official forecasts for this year have dropped from 2…
Insolvency Service says 125 roles to go at Lincolnshire plant, which went into administration in summerBusiness live – latest updatesAlmost a third of workers at the Prax Lindsey oil refinery in north Lincolnshire, which collapsed into administration t…
Announcement of deal baffles experts and former ministers, who say there is no sign of any untapped reservesThe newfound camaraderie between the US and Pakistan was on full display this week as Donald Trump welcomed Pakistan’s prime minister, Shehbaz S…
Watchdog ‘deeply concerned’ that firms have ramped up petrol and diesel prices at expense of consumersBusiness live – latest newsRetailers have been accused of overcharging motorists at the pump by the UK’s competition watchdog, which is “deeply concer…
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 on new parts of the Briti…
US president claims Russia is in ‘big economic trouble’ as he calls for Nato countries to stop imports of Russian oilDonald Trump has said he believes Ukraine can regain all the land that it has lost since the 2022 Russian invasion in one of the strong…
Senate committee investigates suspected push that led administration to overturn EPA’s endangerment findingIn the wake of the Trump administration’s announcement that it will overturn the rule which underpins virtually all US climate regulations, a Sen…
OPINION — Following Russia’s full-scale invasion in 2022, Vladimir Putin expected a swift victory from his “special military operation.” Instead, it is Kyiv now conducting special air campaigns against Russia’s oil and gas industry. Ordinary Russians …