oil and gas

New paper argues the twin energy shocks triggered by the wars in Ukraine and Iran will hasten the peak in global fossil fuel demand and usher in a new era of electrification

President declares US will blockade Strait of Hormuz after ceasefire talks break up without agreement

The government is yet again facing calls from the Tony Blair Institute for a revamp of the UK’s energy strategy, but critics have derided the think tank’s latest call for more oil and gas drilling

Local Authority Pension Fund Forum representing combined assets of £425bn also calls on members to vote against BP's chair amid 'serious governance concerns'

Deputy Leader Richard Tice has reiterated pledges to maximise North Sea oil and gas output, scrap the windfall tax, and ditch 'net stupid zero'

Mapping from Friends of the Earth reveals 6,515 neighbourhoods most exposed to the impact of energy price spikes in the wake of the Iran War

Conservatives pledge to axe UK's carbon pricing regime, sparking warnings proposals would hit tax revenues, undermine investment, and trigger levies on exports to the EU

Prime Minister says he is 'sick and tired' of energy bills fluctuating due to fossil fuel volatility, as he reiterates need to ramp up domestic clean power capacity

New analysis from E3G warns 'chokepoints' in global oil and gas supplies make energy shocks an inherent feature of fossil fuel markets

Cornwall Insight forecasts energy price cap is set to rise to £1,929, as fears grow that full blown oil and gas supply crisis could hit global economy