More results...
Chris Wright says price increase would last weeks, not months, and that US would not target Iran’s energy industryThe US Department of Energy secretary, Chris Wright, said on Sunday that the spike in energy prices would last weeks, at the worst, not mo…
US drivers are largely insulated from higher oil prices caused by Middle East turmoil – but only to a pointAcross the US, the average cost of a gallon of regular gasoline has jumped nearly 27 cents in a week, to $3.25, and American consumers are bracin…
Washington says new measures not aimed at easing restrictions on Moscow and only affect supplies already in transitThe US treasury secretary, Scott Bessent, said on Friday that his government was considering lifting sanctions on more Russian oil, a day…
Reports Kuwait was cutting output pushed up cost of barrel of Brent crude to highest weekly gain since pandemic beganThe Iran conflict has driven the oil price past $90 a barrel to its highest weekly gains since the Covid-19 pandemic six years ago, thr…
Meg O’Neill will be first woman to serve as CEO of 117-year-oil firm when joining from Woodside Energy in AprilThe incoming chief executive of BP will take home at least £11.7m this year after joining the embattled oil company from a rival, more than d…
‘Stopgap measure’ designed to keep oil flowing into global market as Middle East crisis disrupts crude shipmentsBusiness live – latest updatesThe US has temporarily allowed India to buy Russian oil currently stuck at sea in an effort to keep global sup…
FTSE 100 and France’s CAC down 1.5%; Germany’s DAX and Italy’s FTSE MIB down 1.6%; the Dow Jones was down 2%Middle East crisis – live updatesA market sell-off resumed on both sides of the Atlantic on Thursday as fears mounted that there would be no qui…
Reports of attack on US registered tanker in Gulf lifts crude by 3% to $84 a barrel as gas price also starts to climbBusiness live – latest updatesMiddle East crisis – live updatesStock markets have rebounded in Asia after days of heavy losses driven b…
Economic ripples from US-Israel attacks will soon become waves, engulfing everything from energy prices to foodIn retaliation for the US-Israeli missile attacks, Iran has launched what amounts to all-out economic warfare. Should the conflict continue e…
Latest outage darkens island facing dwindling oil reserves and increasing pressure from WashingtonA blackout has hit the western half of Cuba, leaving millions of people in Havana and beyond without power in the latest outage to affect an island strugg…