23 EVs Exempt from £440 Luxury Car Tax This Month
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.
Category : Energy Utilities
Rolls-Royce Gets £600m for Nuclear SMRs at Wylfa Site
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.
Hunt Proposes Social Tariff for Energy Bills Amid Iran War
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.
Wealth Fund Pumps £600m into Rolls-Royce SMR Nuclear Reactors
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.
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US-Iran Talks Collapse Sparks Global Energy Crisis
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.
Fuel Crisis in Australia's Remote Indigenous Communities
Remote Indigenous communities in Australia face severe fuel shortages, exacerbating isolation and economic hardship as supply chains falter and costs soar.
Oil Could Top $150 as Ceasefire Enters Difficult Phase
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.
Australia Fuel Crisis: Track Prices, Outages & Reserves
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.
Japan's Second Oil Reserve Release Amid Energy Crisis
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.
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Albanese, Singapore Sign Energy Security Pact
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.
Australia-Singapore Sign Fuel Supply Agreement on Jurong Island
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's 'Sea of Oil' Claim in Taroom Trough Sparks Debate
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.
Iran Crisis Exposes Net Zero Dilemma in UK Economy
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.
Miliband's Net Zero Sprint Faces Business Backlash Over Costs
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.
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Australia's Fuel Crisis: Track Prices and Outages
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 Rejects Iran's Hormuz Toll Plan Amid High Oil Prices
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: Oil May Remain Above $100 All Year Amid Hormuz Shutdown
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.
Miliband's North Sea Dilemma: Labour vs Reform on Fossil Fuels
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.
Oil Prices Rise Amid Middle East Ceasefire Doubts
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.
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UK Thinktank: Subsidize Energy for All Households
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 Eyes New Fuel Supply as Diesel Prices Hit Record High
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 Trading Profits Soar, Qatar Gas Output Hit by Conflict
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.
Albanese's Singapore Fuel Mission Amid Oil Crisis
Prime Minister Anthony Albanese makes an urgent trip to Singapore, Australia's primary fuel supplier, as global oil market instability threatens domestic petrol prices.
Ceasefire May Lower UK Fuel Prices, But Not Immediately
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.
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Australia Fuel Crisis: Prices Soar, Stations Run Dry Amid Supply Disruption
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.
Fuel Prices Rise Despite Iran Ceasefire, Minister Warns
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.
Oil Prices Drop After US-Iran Ceasefire Announcement
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.
Albanese Rushes to Singapore to Secure Fuel for Australia
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.
IEA: Iran War Oil Crisis Worse Than 1973, 1979, 2022
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.
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Brent Crude Tops $110 on Trump's Iran Warning
Brent crude oil prices have climbed above $110 per barrel following Donald Trump's stark warning to Iran, threatening severe consequences if no agreement is reached. The global benchmark rose 0.8% amid volatile market conditions.
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