UK Fuel Prices Surge to 16-Month High After Iran War
Diesel and petrol prices have soared in the UK since the Iran conflict began, with diesel reaching its highest level since August 2024. The RAC reports significant increases at forecourts.
Category : Energy Utilities
Oil Prices Surge Above $90 Amid Iran Conflict, Inflation Fears Mount
The Iran conflict has driven oil prices past $90 per barrel, marking the largest weekly gain since the pandemic. Kuwait's production cuts and storage crises threaten further market disruptions, with global inflation and bond yields rising sharply.
Water Companies Use Bailiffs 6,000+ Times Yearly for Debt
MPs reveal stark differences in water companies' use of bailiffs, with Southern Water leading at 15,707 enforcements in 2019. Data shows post-pandemic surge raises concerns over vulnerable customers.
Croydon Power Cut: 200+ Homes Affected by Theft Damage
Over 200 homes in Croydon's SE25 6 area are without electricity after thieves damaged power network equipment. UK Power Networks is providing food, drinks, and support on-site as engineers work to restore power.
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Qatar Warns Middle East War Could Collapse Global Economies
Qatar's energy minister warns that the Middle East conflict could 'bring down the economies of the world' as oil prices may surge to $150 per barrel and LNG production faces shutdowns.
Oil's Biggest Weekly Jump in 4 Years as US Weighs Intervention
Brent crude surges 18% amid Middle East conflict, approaching $85 per barrel. The US Treasury considers market interventions as Strait of Hormuz disruptions threaten global supply chains.
Philippines Energy Cuts Due to Middle East War Fuel Prices
The Philippines orders public officials to reduce air conditioning and travel to conserve energy as soaring fuel costs from the Middle East crisis threaten inflation. Other Southeast Asian nations adopt similar measures.
Water Firms Use Bailiffs for Debts Under £1,000, Data Shows
Data from England and Wales shows water companies sent bailiffs to tens of thousands of homes, often for small debts, with practices varying widely by region.
UK Diesel at 16-Month High as Iran War Drives Oil Prices Up
UK diesel costs have surged to a 16-month peak following Middle East conflicts, with oil prices rising over 5% and fuel retailers denying profiteering claims.
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Diesel at 16-Month High as Iran War Drives Oil Prices Up
UK diesel prices have surged to a 16-month high following Middle East hostilities, with oil costs skyrocketing and global energy markets in turmoil. Industry denies profiteering claims.
Iran Missile Attack on Bahrain Refinery Spikes Global Oil Prices
Iran launched ballistic missiles at Bahrain's biggest petroleum refinery, causing a massive fireball and disrupting global oil markets. The attack targeted the Bahrain Petroleum Company facility in Ma'ameer.
Martin Lewis: Energy Bill Cuts in April, Price Surge in July
Money expert Martin Lewis explains an unprecedented 7-9% cut in energy bills for fixed tariffs from April 1, but warns of a steep rise from July due to Iran conflict.
Cuba Blackout Amid US Fuel Embargo and Power Plant Leak
Millions in Cuba faced a massive blackout after a boiler leak at a major thermoelectric plant, exacerbating existing energy crises under strict US fuel embargoes that charities warn have created humanitarian conditions.
Ministers Plan Energy Bill Aid Amid Iran War Price Surge
UK ministers are discussing measures to offset soaring household energy bills, with forecasts predicting a £160 annual rise due to oil and gas price surges from the US-Iran conflict.
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Octopus Boss Urges Labour to Exploit North Sea Oil Amid Crisis
Greg Jackson warns UK faces imminent energy price shock, calls for North Sea exploration and policy rethink to stabilize economy and avoid economic damage from Middle East conflict.
South East Water Hit with £22m Fine for Supply Failures
South East Water faces a £22 million fine from Ofwat for supply interruptions affecting over 286,000 customers in Kent and Sussex between 2020 and 2023, with ongoing investigations into recent outages.
South East Water Hit with £22m Fine Over Water Supply Failures
Ofwat proposes £22m penalty for South East Water after supply interruptions in Kent and Sussex affected over 286,000 customers between 2020 and 2023, with ongoing investigation into recent outages.
South East Water Fined for Supply Failures in Kent and Sussex
South East Water has been fined for repeated failures in water supply affecting Kent and Sussex, highlighting ongoing issues in the region's infrastructure and regulatory oversight.
South East Water Fined £22m for Supply Failures in Kent and Sussex
South East Water has been fined £22 million by regulator Ofwat for repeated water supply failures affecting over 286,000 customers in Kent and Sussex between 2020 and 2023, with ongoing investigations into recent outages.
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Market Solutions Urged for Oil Crisis Amid Conflict
Experts argue that price mechanisms and domestic energy investment, not rationing, are key to addressing oil supply disruptions from the Iran-Israel war, drawing lessons from the 1970s crisis.
Tech Firms Pledge to Pay for Data Center Energy Costs
Major tech companies, including Google and Microsoft, signed a pledge at the White House to cover electricity generation costs for data centers, aiming to prevent rising energy bills for consumers.
Cuba Blackout Leaves Millions Without Power as Oil Crisis Deepens
A widespread blackout has plunged western Cuba into darkness, affecting millions in Havana and beyond. This latest outage highlights the island's struggle with dwindling oil reserves and increasing US pressure on suppliers.
Reeves Should End North Sea Windfall Tax Now, Says Industry
The UK's energy profits levy faces mounting criticism as unions and businesses argue it harms jobs, investment, and energy security during the transition to renewables.
UK Energy Bills to Rise £160 as Iran Conflict Hits Gas Prices
Household energy bills in Great Britain could increase by £160 annually from July, reaching £1,800, due to soaring gas prices triggered by the Iran conflict and UK's limited storage capacity.
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Fuel Panic Buying Fears Rise as Middle East Crisis Escalates
Sadiq Khan calls for calm as drivers queue for hours at petrol stations across the UK, with fuel prices rising after Iran closes the Strait of Hormuz.
Middle East Crisis Drives Up UK Prices Across Sectors
The Middle East conflict disrupts global supply chains, causing petrol price hikes, soaring airline fares, and potential grocery increases in the UK, with warnings of worse to come.
Australia Urges No Panic-Buying as Fuel Prices Spike
Australian officials reassure citizens that strategic fuel reserves are sufficient, despite concerns over price hikes and shortages due to Middle East tensions.
Martin Lewis: Act Now to Beat Middle East War Energy Price Hikes
Money Saving Expert Martin Lewis warns households to urgently switch from the energy price cap as Middle East tensions threaten to spike bills from July, with wholesale gas rates already up 90%.
Middle East Conflict May Boost Russia's War Economy via Oil
The escalating Middle East conflict threatens global oil supplies, potentially creating an economic lifeline for Russia's war machine as China and India may turn to Russian energy.
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Iran Closes Strait of Hormuz to Oil Exports After Drone Strikes
Iran has effectively shut down the Strait of Hormuz for oil and gas exports, with drone attacks reducing maritime traffic by 80% and US military strikes targeting Iranian naval forces, causing global oil prices to surge.
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