BP anticipates strong oil trading results due to price volatility from the Middle East conflict, with Brent crude averaging $81.13 per barrel and refining margins adding up to $200 million.
Vehicle Excise Duty changes mean electric cars priced between £40,000 and £50,000 avoid the Expensive Car Supplement, saving owners up to £2,200 over five years.
Rolls-Royce has secured nearly £600 million from the UK's national wealth fund to develop small modular reactors at the decommissioned Wylfa nuclear plant on Anglesey, creating jobs and boosting clean energy.
Former Chancellor Jeremy Hunt advocates for a targeted social tariff to aid low-income households facing £480 income loss due to rising energy costs from the Iran conflict, as oil prices surge above $100.
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Rachel Reeves' National Wealth Fund announces £599m financing package for Rolls-Royce Small Modular Reactors, creating thousands of jobs and boosting UK's clean energy security through partnership with Great British Energy.
The breakdown of US-Iran negotiations threatens prolonged oil price surges and higher borrowing costs, with tankers stranded in the Gulf and markets bracing for economic fallout.
Remote Indigenous communities in Australia face severe fuel shortages, exacerbating isolation and economic hardship as supply chains falter and costs soar.
Analysts warn oil prices could race beyond $150 per barrel as Strait of Hormuz disruptions continue amid fragile US-Iran ceasefire negotiations, potentially triggering UK recession.
Monitor Australia's fuel crisis with real-time data on petrol and diesel prices, service station outages, and national reserve levels. Interactive charts show the impact of global supply disruptions.
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Japan will release additional oil reserves in May to address energy shortages caused by the Middle East conflict, marking its second strategic release since February.
Australian PM Anthony Albanese and Singapore's PM Lawrence Wong have inked a joint statement to safeguard mutual energy security and boost fuel and LNG trade between the nations.
Prime Minister Anthony Albanese and Singapore's Lawrence Wong signed a joint statement to secure fuel flows and LNG supplies, addressing shortages from the Middle East crisis.
Queensland Premier David Crisafulli's claim of a 'sea of oil' in the Taroom trough has ignited discussions on energy independence and environmental impacts during a global fuel supply crisis.
The recent US-Iran ceasefire highlights the tension between net zero commitments and short-term economic stability, as UK policymakers face pressure to reconsider energy strategies amid inflationary risks.
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Ed Miliband's ambitious net zero agenda faces mounting criticism from energy executives and business leaders as soaring energy costs and project delays threaten UK economic stability.
Monitor Australia's fuel crisis with real-time data on petrol and diesel prices, service station outages, and reserve supplies. Explore charts showing impacts since the US-Israel war on Iran.
Gulf countries oppose Iran's proposal for a formalized toll arrangement in the Strait of Hormuz. Experts warn oil prices could take up to a year to normalize even with a ceasefire, due to infrastructure damage and supply chain disruptions.
Goldman Sachs predicts oil prices could stay above $100 per barrel for the rest of 2026 if the Strait of Hormuz remains closed, warning of severe economic impacts and fragile geopolitical truces.
Energy Secretary Ed Miliband confronts political pressure from Reform UK advocating North Sea oil drilling, as Labour's green energy commitments face scrutiny amid Middle East crisis.
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Global oil prices have climbed sharply as financial markets question the sustainability of a ceasefire in the Middle East, with concerns over Iran's role adding to volatility.
The New Economics Foundation suggests using North Sea tax windfalls to provide subsidized energy for basic needs, protecting vulnerable households from rising bills while energy companies profit.
Australia is exploring new fuel supply sources from the US, Mexico, and Asia to address a record spike in diesel prices, driven by global market volatility and domestic shortages.
Shell expects significantly higher trading profits in Q1 2024, driven by market volatility from the Iran crisis, while Qatar gas production falls due to Middle East conflict impacts.
Prime Minister Anthony Albanese makes an urgent trip to Singapore, Australia's primary fuel supplier, as global oil market instability threatens domestic petrol prices.
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The temporary US-Iran ceasefire has reopened the Strait of Hormuz, potentially easing petrol and diesel costs in the UK. However, experts warn that price drops may take weeks to materialize at pumps.
Australia faces a severe fuel crisis with soaring prices and widespread station outages as Iran's closure of the Strait of Hormuz disrupts global oil shipments. Track real-time data on reserves, prices, and supply chain impacts.
Australian Energy Minister Chris Bowen cautions that petrol and diesel prices will not drop immediately despite US-Iran ceasefire, as wholesale costs hit record highs.
Brent crude oil fell to $93 a barrel after Donald Trump's conditional ceasefire announcement, with Iran pledging to reopen the Strait of Hormuz for two weeks under military management, sparking a global market rally.
Australian Prime Minister Anthony Albanese has moved up his Singapore visit to address rising fuel prices and supply concerns, engaging in diplomatic talks with China.
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The International Energy Agency declares the oil and gas crisis from the Iran war more severe than historical shocks combined, as Trump's deadline looms and markets tumble.
