Strikes by North Sea oil workers could ‘severely disrupt’ UK fuel supplies
Union says staff left with no choice but industrial action after breakdown in pay talks with Texas oil firm ApacheA looming strike by oil workers in the North Sea could “severely disrupt” UK fuel supplies, the Unite union has said, adding that staff were…
Britain in talks with European allies over release of emergency diesel stockpiles amid Trump pressure
Ministers discuss drawing down EU countries’ reserves after Donald Trump threatens to cut off US suppliesBritain is in talks with European allies over releasing emergency diesel stockpiles after Donald Trump threatened to cut off US supplies of the…
Inside the undersea kingdom: the secret, sinister battle to control what lies beneath the waves
Every day, trillions of dollars, oil and gas and 99% of the world’s web traffic move through undersea pipelines that bear no state’s protection. With superpowers and corporations vying for control, should we be worried about this new wild west?On…
Diesel export ban: will Trump push global energy prices even higher? – The Latest
As the fallout from the Iran conflict continues, the price of diesel has soared to record highs in the UK, Europe and US. With his country facing an increase of 70% in costs compared with this time last year, Donald Trump is threatening a ban on US…
Heat pump sales soar across Europe after states cut electricity taxes, data shows
EU to push member states to cut tax rate below duty on gas, with 11% surge in sales also put down to fallout from Iran warBusiness live – latest updatesEurope live – latest updatesSales of residential heat pumps increased 11% across Europe in the first…
The truth behind Donald Trump’s ‘biggest oil deal in world history’
The US’s oil deal with Venezuela faces multiple legal and logistical problems, including questions about whether it can be implemented Donald Trump has long coveted the oilfields of other nations and declared an agreement with Venezuela to be “the…
Oil price rise creates more pressure on UK policymakers before budget
Treasury sources concede ‘less room’ for manoeuvre as global bond selloff also hikes government’s borrowing costsInternational bodies warn of rising debt and borrowing risksBurnham stands by claim UK is ‘in hock’ to bond marketsOil prices lurched upwards…