Energy markets faced significant upheaval following missile strikes on the South Pars gas field in Iran, the world’s largest gas field. This escalation, marking the first attack on Iranian energy
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Iraq has reached an agreement with the Kurdistan Regional Government to divert approximately 250,000 barrels of oil per day through Turkey. This decision follows years of negotiations over crude exports
In a significant escalation of regional tensions, a missile strike attributed to Iran has hit Qatar’s primary gas facility located in Ras Laffan. This attack marks a critical moment in
Ed Miliband’s recent decision to halt operations in the North Sea is projected to result in a staggering £10 billion in lost tax revenue for the government by the year
The surge in gas prices after geopolitical tensions, notably following events such as Russia’s invasion of Ukraine, has had a profound impact on Britain’s electricity market. The government acknowledged the
The UK’s wind farm trade body has called on Ed Miliband to prioritise energy security by increasing North Sea production. This appeal comes as concerns rise over the country’s energy
In light of current geopolitical tensions, the ongoing conflict in the Middle East is expected to drive a significant increase in oil and gas prices. This rise may result in
Asda has recently been at the forefront of petrol price increases, with recent analysis revealing that it has raised prices at a faster rate than any other major retailer since
Shell and BP are positioned to achieve an additional £5 billion in profit this year, spurred on by escalating tensions in the Gulf that have driven oil prices upward. The
This week, petrol prices in the UK reached alarming levels, with some BP garages charging nearly £1.80 per litre, according to a recent government database. This surge is prompting a
Amid ongoing turmoil within global energy markets, calls for urgent action to revitalise the North Sea have intensified. Industry leaders argue that the UK must create conditions conducive to increased
The inflation rate in the United States remained stable at 2.4 per cent in February, coinciding with the onset of conflict in the Middle East that has raised concerns about
The United Kingdom has joined an unprecedented global release of emergency oil reserves, a move aimed at stabilising soaring crude prices following significant disruptions caused by the ongoing conflict in
Britain is urged to bolster security measures for its energy infrastructure, particularly wind farms, against threats both physical and cyber. A recent report warns of a tangible threat to critical
Rachel Reeves, the UK’s Shadow Chancellor, may trigger significant disruption in the bond market as she contemplates a bailout for over 1.5 million homeowners dependent on heating oil. The Office
Extreme volatility in global markets has been observed as crude oil prices soared close to £120 a barrel, prompted by fears of an energy price shock. This uptick followed claims