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July 18, 2025

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oil

Greenpeace activists arrested after ending oil protest at Sunak’s mansion

Black fabric draped on Yorkshire home in response to PM’s pledge to ‘max out’ UK oil and gas reservesUK politics live – latest updatesFour Greenpeace activists have been arrested after ending their rooftop protest at Rishi Sunak’s North Yorkshire mansi…

August 3, 2023
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Billionaire investor threatens to pull out of UK amid global outcry at new oil rush

Australian mining entrepreneur Andrew Forrest criticises ‘clickbait’ fossil fuel plans as others say Britain has lost credibilityA billionaire global investor has led international condemnation of the UK’s new oil rush, saying he would pull his major i…

August 1, 2023
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Leak reveals ‘touchy’ issues for UAE’s presidency of UN climate summit

Exclusive: Long list of ‘sensitive’ topics for petrostate include oil and gas production, emissions and Yemen war crimesA comprehensive list of “touchy and sensitive issues” for the United Arab Emirates, which is running the next UN climate summit, has…

August 1, 2023
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Sunak’s failing windfall tax enabling oil giants to avoid paying billions, say Labour and Lib Dems – as it happened

This live blog is now closed, you can read more of our UK political coverage hereOpposition parties say the government is failing to act as oil companies continue to rake in massive profits, despite oil and gas prices coming down from last year’s highs…

August 1, 2023
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BP’s £2bn profits cause anger amid climate crisis

Oil and gas company to return another $1.5bn to investors through a share buybackBP has angered climate campaigners by reporting profits of $2.6bn (£2bn) for the second quarter of the year as the climate crisis triggers extreme heatwaves around the wor…

August 1, 2023
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Ed Miliband urges PM to close ‘Swiss cheese’ holes in windfall tax on energy firms

Shadow net zero secretary attacks Sunak’s ‘perverse’ policy as Shell and British Gas report large profitsUK politics live – latest updatesBusiness live – latest updatesRishi Sunak has been urged to close the holes in his “Swiss cheese” of a windfall ta…

July 27, 2023
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Shell’s ‘obscene’ $5bn profits reignite outrage amid climate crisis

Campaigners criticise plan to increase oil and gas production despite extreme heat in EuropeShell has reignited outrage among climate activists by handing billions to its shareholders after making profits that campaigners have described as “obscene”.Pr…

July 27, 2023
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Russia Now Selling Oil Above The Western Price Cap

Zero Hedge: In “Victory” For Moscow, Russia Defies Sanctions By Selling Oil Above Western Price Cap Two weeks ago we reported that with a barrel of Urals about to rise above $60, the “Russian oil price at key port was about to breach sanctions…

July 26, 2023
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Goldman Sachs Sees Oil Prices Rising On Record Demand

 CNBC: Goldman Sachs expects ‘all time high’ oil demand to spur large deficits, boosting prices * Goldman Sachs forecasts “all-time high” demand in oil markets leading to a “sizeable deficit.” * The investment bank projects Brent crude t…

July 24, 2023
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ClientEarth loses high court fight with Shell over climate strategy

Environmental law charity claims energy firm cannot achieve net zero goal with current transition planAn environmental law charity has lost an attempt to revive a lawsuit against Shell over its climate strategy after the high court in London refused pe…

July 24, 2023
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