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OilPrice.com: Oil Prices Rise As China’s Crude Imports Jump Oil prices rose early on Wednesday as Chinese data showed crude imports into the world’s top oil importer jumped in May, recovering from a weak April. As of 8:13 a.m. EDT on Wednesda…
As Russian oil and gas imports fell petrostates including UAE, Qatar and Saudi Arabia increased exports to UKUK fossil fuel imports from authoritarian petrostates surged to £19.3bn in the year following Russia’s invasion of Ukraine, it can be revealed….
Jeremy Hunt hopes suspending tax on oil profits if Brent crude falls below $71.40 a barrel will aid investmentJeremy Hunt has offered the North Sea oil and gas industry a ‘get-out’ clause from the windfall tax on fossil fuel profits if wholesale energy…
Activists to gather in Washington to demand Joe Biden ‘reclaim his climate legacy’ by blocking 300-mile Mountain Valley pipelineProtesters are set to descend upon the White House on Thursday under smoky skies amid growing anger among climate activists …
Seema Malhotra says party wants to see jobs transferred to green energy industries, not lostUK politics live – latest updatesThe North Sea oil and gas industry is in decline, a shadow business minister has said as she defended plans to block new drilli…
Exclusive: UN conference president Sultan Al Jaber is also head of oil firm, which was consulted on how to respond to a media inquiryThe United Arab Emirates’ state oil company has been able to read emails to and from the Cop28 climate summit office an…
Advertising Standards Authority says ads do not make clear company’s business is mostly based on fossil fuelsAn ad campaign by Shell promoting its green initiatives has been banned for not telling consumers that most of its business is based on environ…
UK’s most senior climate adviser says policy is ‘right thing to do’ and criticises government’s stance The UK’s most senior climate adviser has strongly endorsed Labour’s vow to halt new oil and gas exploration in the North Sea, and slammed the governm…
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…
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…