Aramco Warns of Catastrophic Oil Market Fallout
Saudi Arabia's Aramco issues dire warning about global oil market consequences as Iran attacks ships in Strait of Hormuz and threatens $200 barrel prices.
Category : Energy
IEA Releases 400M Barrels Oil as Hormuz Conflict Escalates
The International Energy Agency announces its largest-ever emergency oil release of 400 million barrels after Iran threatens to block the Strait of Hormuz, causing wild price swings.
Iran Threatens $200 Oil Barrel as Gulf Attacks Escalate
Iran's military warns oil prices could hit $200 a barrel due to regional conflict, with 14 ships attacked in the Gulf. The White House promises lower gas prices long-term, while tensions rise with missile strikes on US and Israeli targets.
MP Demands CMA Probe into Heating Oil Price Gouging
Conservative MP Harriet Cross calls for investigation into heating oil suppliers accused of doubling prices during Middle East conflict, affecting 1.7 million UK households.
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Iran Threatens $200 Oil After Strait of Hormuz Ship Attacks
Iran has warned oil could surge to $200 a barrel after attacking three cargo ships in the Strait of Hormuz, severely disrupting global oil trade. The attacks follow US destruction of Iranian minelayers and escalating Middle East tensions.
India Rations Cooking Gas Amid Middle East Supply Crisis
India faces severe LPG shortages as Strait of Hormuz tensions disrupt imports, forcing restaurant closures and threatening widespread economic damage across the hospitality sector.
Germany, Austria Release Oil Reserves After IEA Request
Germany and Austria announce they will release parts of their strategic oil reserves following an International Energy Agency request for 400 million barrels to stabilise energy markets amid the Iran war.
Saudi Oil Giant Warns of Catastrophic Fuel Supply Crisis
Saudi Aramco warns of catastrophic consequences for global oil markets as Iran war disrupts shipping in the vital Strait of Hormuz, threatening the world economy.
UK Petrol Prices Hit 20-Month High as US-Iran War Fuels Oil Surge
UK drivers face the steepest petrol price rise since the Ukraine war, with costs jumping up to 12.74p per litre after US strikes on Iran triggered a global oil price surge.
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MP Accuses Heating Oil Suppliers of 'Blatant Profiteering'
Conservative MP Harriet Cross demands CMA investigation into heating oil suppliers allegedly doubling prices for vulnerable rural households during Middle East conflict.
Smart Meter Compensation: £40 Payouts for Faulty Devices
New energy regulations mandate suppliers to repair faulty smart meters within 90 days or face fines, with customers eligible for £40 compensation if issues persist beyond deadlines.
EU Nuclear Phase-Out a 'Strategic Mistake', von der Leyen Admits
European Commission President Ursula von der Leyen admits Europe's retreat from nuclear power was a strategic error, leaving the bloc vulnerable to volatile fossil fuel imports and soaring energy prices.
Martin Lewis: Lock in Cheap Energy Fixes Before April Price Cap Change
Money-saving expert Martin Lewis advises households to lock in cheap fixed energy tariffs now, as global tensions threaten to push prices higher after April 1.
IEA Proposes Largest Oil Reserve Release to Cut Crude Prices
The International Energy Agency is considering its biggest-ever release of stockpiled oil to reduce prices amid supply shortages from the US-Israel war on Iran, surpassing 2022 levels.
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MP Slams Heating Oil Suppliers for 'Blatant Profiteering'
Harriet Cross MP demands CMA investigation as heating oil prices double for rural households following Middle East conflict, leaving 1.5 million UK homes exposed.
National Grid fined £20m for substation maintenance failures
Energy regulator Ofgem has secured a £20 million payment from National Grid after the company failed to properly maintain a critical substation in Cumbria over a five-year period.
Japan Marks 15 Years Since Tsunami, Takaichi Pushes Nuclear Energy
Japan observes the 15th anniversary of the 2011 earthquake, tsunami, and Fukushima nuclear disaster, with Prime Minister Sanae Takaichi promoting nuclear energy as part of recovery efforts.
Heating Oil Prices Double for 1.7 Million UK Homes in Crisis
Nearly two million UK homes and businesses relying on heating oil face soaring costs as prices more than doubled in a week due to Middle East supply disruptions, with experts warning against panic buying.
National Grid fined £20m for Cumbria substation licence failures
National Grid has agreed to pay £20 million to Ofgem after admitting licence breaches at the Harker substation in Cumbria between 2016 and 2021, impacting network reliability.
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National Grid fined £20m for Cumbria substation licence breach
National Grid has agreed to pay £20 million to Ofgem after admitting licence failures at the Harker substation in Cumbria between 2016 and 2021, impacting network reliability.
Oil Prices Rise as IEA Announces Strategic Reserve Release
Global oil prices and Asian stock markets climb following the International Energy Agency's decision to release emergency reserves, impacting energy markets and economic forecasts worldwide.
Miliband Right on Green Energy, But Households Need More Help
The Iran oil crisis underscores Ed Miliband's push for renewables to decouple from gas prices, but deeper energy market reforms and public investment are crucial for affordable bills.
Deleted US Post Sends Oil Markets into Frenzy
A social media post by US Energy Secretary Chris Wright, falsely claiming Navy escort of a tanker through the Strait of Hormuz, caused oil prices to plummet sharply before being retracted.
Fuel Crisis Looms in Australian Country Towns, Distributor Warns
An independent fuel distributor claims major oil companies are withholding petrol from regional Australia, causing imminent shortages in country towns and threatening agricultural communities.
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Gas Prices Surge Nationwide as Iran War Disrupts Oil Supply
American drivers are sharing shocking gas pump photos as prices skyrocket nationwide. The conflict with Iran has effectively closed the Strait of Hormuz, disrupting 20% of global oil flow and sending fuel costs soaring to record levels.
Iran Oil Blockade Fuels Global Energy Crisis Fears
Iran escalates attacks on oil infrastructure, choking the Strait of Hormuz and targeting Gulf Arab nations, sparking fears of a prolonged global energy crisis amid rising casualties.
Trump Energy Secretary's Deleted Post Sparks Oil Market Turmoil
A quickly deleted social media post from Energy Secretary Chris Wright falsely claiming US Navy escort of oil tanker through Strait of Hormuz caused significant market volatility and price drops.
Australia Fuel Crisis: $20 Limits Hit Regional Towns Amid Shortages
Petrol stations in regional Australia are rationing fuel with $20 purchase limits as panic buying in cities drains supplies, leaving some towns without diesel and emergency services at risk.
New Home Energy Schemes & Warm Homes Plan Guide
From eligibility criteria to potential savings, here's what households can expect when government-backed energy schemes launch, including details on the 2026 Warm Homes Plan.
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White House: Iran War Will Lower Gas Prices Long-Term
White House Press Secretary Karoline Leavitt asserts the current spike in US gas prices is temporary and promises lower costs after military objectives are met in the conflict with Iran.
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