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Effective closure of strait of Hormuz also affecting Bangladesh, India and Pakistan, which have brought in crisis measuresSri Lanka is introducing a shorter four-day working week to preserve its shrinking fuel and gas reserves, as the Middle East confl…
Head of world’s energy watchdog says it will take time for markets to recover from ongoing crisis in strait of HormuzThe world’s energy watchdog will consider releasing further emergency crude stocks into the global market to cool rising oil prices aft…
Canada produced on average 5.3 million barrels per day of crude oil in 2025, according to the Canada Energy Regulator, making the upcoming production jump a 2.6 per cent increase.
A Chevron station just outside downtown charges more than $8 a gallon – nearly $3 more than the city’s averageIt’s tempting to think that a gas station charging more than $8 a gallon is a glamorous Los Angeles curiosity. Sort of like shopping at Erewho…
Closure of strait of Hormuz puts pressure on region’s economies amid growing resentment about conflict started by US and IsraelMiddle East crisis – live updatesAn eerie quiet hangs over Ras Al Khaimah’s industrial port. Usually a thriving maritime hub …
US president calls on China, France, Japan and the UK to send vessels after US strikes Kharg Island oil facilitiesMiddle East crisis – live updatesIran threatened on Saturday to further escalate the war raging in the Middle East by targeting any facili…
Trade body attends meeting with Rachel Reeves, hours after saying it was pulling out over suggestions of price gouging• Watchdog puts UK fuel retailers ‘on notice’ over profiteering from Iran warThe trade body for the UK’s petrol station industry has g…
Exclusive: Chancellor plans help for vulnerable and low-income customers due to conflict in Middle East Rachel Reeves will set out extra support next week for households across the UK facing a surge in the cost of heating oil due to the conflict in the…
Drivers in Detroit are unhappy with the spike in gas prices, even if reactions are mixed to the US-Israel war on IranOn a rainy Detroit afternoon at a gas station off Interstate 75, Victor Rodriguez watched the pump tally tick up as he filled up his F-…
The prime minister issues the statement after a fuel trade body earlier withdrew from a meeting with the chancellor todayEven before Donald Trump’s Operation Epic Fury on Iran unleashed higher oil prices, threatening the outlook for growth and inflatio…