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Adelaide has the biggest price decline, with unleaded down 24.9 cents and diesel down 21.3 centsFollow our Australia news live blog for latest updatesGet our breaking news email, free app or daily news podcastFuel prices started to fall immediately acr…
Critics say exemption for fossil fuels exploits White House’s ‘self-made gas crisis’, and could doom the rare Rice’s whaleSign up for the Breaking News US email to get newsletter alerts in your inboxA US government panel on Tuesday exempted oil and gas…
Stocks rally after reports suggest Trump might end the war soon, saying ‘we’re not going to be there for too much longer’Sign up for the Breaking News US email to get newsletter alerts in your inboxAverage US fuel prices have exceeded $4 a gallon for t…
Government told to focus on transition to mix of wind, solar, tidal and nuclear energyMore drilling in the North Sea would do nothing to improve the UK’s energy security, former military leaders have said, as a new analysis finds no fossil fuel importe…
Dozens of other vessels leave area after drone strike causes fire onboard tanker owned by Kuwait’s state oil companyMiddle East crisis – live updatesHow could US forcibly reopen strait of Hormuz and what are the risks?When Iran attacked a fully loaded …
Washington-based fund says rising energy and food costs will hit economies worldwide and could leave lasting scarsThe International Monetary Fund has warned that “all roads lead to higher prices and slower growth worldwide” should the conflict in the M…
Investors nervous over escalation of Middle East conflict as US president says he wants to ‘take the oil in Iran’Business live – latest newsThe price of oil rose sharply to $116 a barrel on Monday as Donald Trump threatened to “blow up” and “completely…
The factories, which buy cheap crude and turn it into fuel, are struggling as higher oil prices threaten their razor-sharp margins The towns that are the bulwark of China’s energy security can, at a moment of global crisis, appear deceptively quiet. Tr…
US president says he has ‘no problem’ with countries sending oil to Cuba, in potential lifeline to island nationMiddle East crisis – live updatesDonald Trump appears to have relaxed his blockade on fuel-starved Cuba after a Russian tanker reached the C…
Brent crude jumps 51% since start of March and gold suffers fifth-largest monthly fall in 50 yearsMiddle East crisis – latest updatesThe Brent crude oil price is on track for its biggest monthly gain on record in March after the Iran war caused mayhem …