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July 18, 2025

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oil

Keir Starmer pledges ‘good, union jobs’ amid energy row with GMB

Labour leader to address union’s conference after its leader attacks plan to ban new North Sea oil and gas extractionKeir Starmer will pledge to put “good, union jobs” at the heart of Labour’s energy policy during a speech to one of its biggest donor u…

June 6, 2023
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Brent crude price rises after Saudi Arabia agrees to cut oil output

Price gained more than 2% on Monday morning to touch one-month high of $78.73The price of Brent crude has risen after Saudi Arabia agreed to cut its output to firm up oil prices after a weekend of tense talks.Saudi ministers agreed to cut 1m barrels pe…

June 5, 2023
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Saudi pledges big oil cuts in July as OPEC+ extends deal into 2024

VIENNA (Reuters) — Saudi Arabia will make a deep cut to its output in July on top of a broader OPEC+ deal to limit supply into 2024 as the group seeks to boost flagging oil prices.
Saudi’s energy ministry said the country’s output would drop to 9 mill…

June 5, 2023
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Labour plans to ban North Sea oil production naive, says union leader

Gary Smith of the GMB, a key Labour donor, says plan shows ‘lack of intellectual rigour’The head of a union that is one of Labour’s biggest donors has accused the party of “being naive” over its plans to ban North Sea oil and gas production.Labour has …

June 4, 2023
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Iraq’s oil boom blamed for worsening water crisis in drought-hit south

Pollution from gas flaring – the burning of natural gas associated with oil extraction – is also a major concern in the oil-rich but extremely dry southWestern oil companies are exacerbating water shortages and causing pollution in Iraq as they race to…

June 3, 2023
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US deal could plug Turkmenistan’s colossal methane emissions

The central Asian country has the worst rate of climate-heating ‘super-emitter’ events in the worldThe US is in negotiations with Turkmenistan over an agreement to plug the central Asian nation’s colossal methane leaks.Turkmenistan was responsible for …

June 2, 2023
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‘Stop the dirty deal’: activists decry Schumer and Manchin over pipeline plan

Climate protesters call provision in US debt ceiling bill to expedite controversial project in Virginia and West Virginia a ‘betrayal’Climate activists have stepped up protests over the inclusion of a provision to speed up a controversial gas pipeline’…

May 31, 2023
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Ukraine built more onshore wind turbines in past year than England

Revelation about war-torn country is ‘terrible indictment’ of UK government, says Ed Miliband Ukraine has completed more onshore wind turbines than England since it was occupied by Russian soldiers – despite the UK’s government’s promise to relax restr…

May 28, 2023
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Austrade forum to promote links with oil giant Saudi Aramco condemned by activists

Environmental groups say the event in Perth to court the biggest polluting oil company of all time is ‘akin to a joint trade show with a tobacco major’Follow our Australia news live blog for the latest updatesGet our morning and afternoon news emails, …

May 27, 2023
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University investment funds urge ‘bold action’ to stop new fossil fuel projects

Asset managers told they have key role to play on climate crisis in open letter before Shell’s annual meetingA coalition of university investment funds has called on institutional investors to rebel against the boards of fossil fuel companies and thei…

May 22, 2023
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