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Residents of Bille and Ogale in Niger delta are suing Shell and subsidiary, but company denies liabilityResidents of two Nigerian communities who are taking legal action against Shell over oil pollution are set to take their cases to trial at the high …
Governor says rates still on downward path but hard to predict timing of reductions in ‘highly unpredictable’ worldBusiness live – latest updatesThe Bank of England has left interest rates on hold at 4.25%, though the central bank signalled that furthe…
Blockage of strait of Hormuz, through which about 25% of world’s oil passes, could shock energy market, says Wael Sawan• Business live – latest updatesAn escalation in the Middle East conflict could have a “huge impact on global trade”, the boss of the…
Michael Shanks says guidance brings ‘clarity’ to approval process as analysis finds UK will be almost fully dependent on foreign gas by 2050 even if sites get green lightMinisters have opened the door to approving drilling at two controversial North Se…
Bill that aims to reduce plastic packaging by 30% in 12 years faces staunch opposition by some business interests The oil and petrochemical lobby is attempting to fend off a New York state proposal to slash plastic waste by arguing that it will disprop…
Oil price increase likely to add 5p to petrol and diesel over the next couple of months, expert saysBusiness live – latest updatesBritons are braced for higher prices at the pumps, after a rise in oil prices caused by the conflict between Israel and Ir…
Rolling coverage of the latest economic and financial newsMiddle East crisis live: Iran and Israel trade attacks amid reports Tehran could be seeking talksIran and Israel crisis: what does it mean for the price of oil?Over at the Paris Air Show, a row …
Brent crude hits highest level since April while airline shares slide amid escalation of conflict in Middle EastThe price of oil and gold has soared and stock markets have fallen after Israel’s strikes against targets in Iran.The escalation of the conf…
Sale covering 56,000 square miles set to go ahead despite opposition from Indigenous and environmental groupsThe Brazilian government is preparing to stage an oil exploration auction months before it hosts the Cop30 UN climate summit, despite oppositio…
Other measures include greater restrictions on ‘shadow fleet’, banks and Nord Stream investmentBusiness live – latest updatesThe EU executive has called for lowering the price cap on Russian oil as it seeks to tighten energy and financial sanctions aga…