Surging oil prices could push drivers to electric vehicles, speeding decarbonisation efforts, but they may also hold back economic recovery from the coronavirus…
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Wholesale gas prices are rising sharply in the UK this winter, threatening households and businesses with higher fuel bills during the coldest months.
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The price of a litre of petrol in the UK fell by more than 5p in November, the biggest monthly drop since January…
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According to a recent study, should the UK opt for a hard Brexit and resort to WTO rules, the cost of trading oil…
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Workers on Royal Dutch Shell’s Brent oilfield platforms in the North Sea voted overwhelmingly in favour of strike action over disagreements about the…
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Oil giant Royal Dutch Shell has announced that it is to make a further $1 billion worth of spending cuts in order to…
Continue ReadingAccording to a report from the Bank of Scotland and Lloyds Bank Group, almost a third of UK oil and gas companies are…
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An OPEC meeting in Vienna ended today with no official agreement reached on whether or not to cap output levels in order to…
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Prices for crude oil have exceeded $50 a barrel for the first time in more than half a year, while many large oil…
Continue ReadingOil giant Shell’s profits have been hit by falling commodity prices, causing them to cut their spending by 10% and offer reduced forecasts…
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