The recent missile strike on Shell’s Pearl gas-to-liquids facility in Qatar has intensified global energy market fears. This incident, the latest development in the ongoing Middle East conflict, was a
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The Bank of England may be compelled to raise interest rates up to three times this year to mitigate the inflationary effects stemming from escalating tensions in the Middle East.
Diesel fuel prices are anticipated to reach £2 per litre in the coming weeks, driven by escalating oil prices. A leading energy trader has sounded the alarm, indicating that the
Bond yields have surged, oil and gas prices have rallied, and the FTSE 100 has plummeted to its lowest point since January, as reciprocal military strikes on energy interests across
Saudi Arabia has issued a warning to Iran following a series of attacks on oil and gas facilities in the Gulf region. These incidents have led to significant fluctuations in
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
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
