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Oil prices surged as talks on reopening of strait of Hormuz remain gridlocked, sending prices $1 higher than last yearUS gas prices rose to their highest level in four years on Thursday, reaching an average $4.18 a gallon at the pump as US-Israeli peac…
US president has accused organisation of ‘ripping off the rest of the world’ by inflating oil pricesThe United Arab Emirates has quit the Opec oil cartel after 60 years of membership, in a heavy blow to the group and its de facto leader, Saudi Arabia, …
First-quarter profits of $3.2bn prompt outrage from campaigners, who say figures come at expense of consumersBusiness live – latest updatesBP has provoked outrage by revealing its profits more than doubled in the first quarter of this year after its oi…
Widely dispersed wind farms and solar panels are harder to target than fossil fuel power stations, Michael Shanks saysRenewable energy will boost the UK’s national security and make the country more resilient against potential aggression or sabotage, t…
Darren Jones suggests cost of energy, food and flights will remain high after de-escalation and Hormuz strait reopensThe UK faces higher prices for food and fuel for at least eight months after the war in Iran ends, a minister has said.
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Industry analysts say fuel price surge could lead to canceled flight routes that could snarl travelers’ plansCalifornia’s jet fuel supply has dropped to a level not seen since 2023, as turmoil in the Middle East continues to squeeze the global oil mark…
‘Coalition of the willing’ gathers in Colombia to try to bypass petrostate blockages of Cop summits and chart fresh pathThe world’s first Transitioning Away from Fossil Fuels conference, co-hosted by Colombia and the Netherlands, takes place in Santa M…
Officials hope more casual attire for public servants will save electricity during Iran war as summer heat approachesPublic servants working for the Tokyo metropolitan government are being encouraged to swap their suits for shorts this summer to combat…
MPs call for investigation into Essar Energy, owner of Stanlow refinery, which shifted loans from ‘Putin’s piggy bank’ VTB to MauritiusDays after the first wave of Russian tanks surged over the border into Ukraine in March 2022, dockers at a port in no…
Battle of the blockades may still have more time to run as the US and Iran try to assert control over the strait of HormuzDonald Trump’s decision to extend the naval blockade of Iran indefinitely may do nothing to reduce world oil prices – but it could…