Oil and gas prices have surged dramatically following attacks on key energy facilities in the Middle East, with UK wholesale gas hitting its highest level since August 2022 and Brent crude rising sharply.
BP agrees to sell its Gelsenkirchen oil refinery to Klesch Group, saving $1bn in operating costs and increasing its cost-cutting target to $6.5bn-$7.5bn by 2027.
Recent assaults on the South Pars gas field represent a significant escalation in Middle East tensions, threatening global energy markets and regional stability.
The World Trade Organization warns that soaring oil prices, fueled by AI-driven demand and conflict in Iran, threaten global economic stability and inflation control.
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Asian nations are implementing emergency measures to conserve energy and protect consumers as the war on Iran severely disrupts oil and gas flows through the Strait of Hormuz, driving up prices and threatening economic stability across the region.
US gas prices have soared to a national average of $3.88 per gallon, the highest in two and a half years, driven by the Iran war disrupting global oil flows and pushing crude prices to $115 a barrel.
Octopus Energy founder Greg Jackson warns the Iran conflict highlights Britain's dangerous reliance on foreign energy. He calls for urgent diversification beyond North Sea oil and gas to boost security.
Experts warn all UK households to inspect their boilers this Saturday as spring arrives. A simple check now can prevent costly emergencies and ensure safety when heating is needed next winter.
UK drivers face soaring petrol and diesel costs, with prices hitting nearly three-year highs due to escalating Middle East tensions and oil price surges.
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A 35% spike in wholesale gas prices following attacks on Qatar's LNG plant has triggered fears of a £500 energy bill increase for UK households, with calls for immediate government intervention.
The ongoing war in Iran is revealing significant vulnerabilities in President Trump's energy dominance strategy, which prioritizes fossil fuels over renewables, leaving American consumers exposed to supply shocks and price spikes.
Israel's attack on Iran's South Pars gas field has dramatically escalated the three-week war, prompting retaliatory strikes and threatening global energy markets with long-term disruption.
A major fire erupted at Iran's South Pars gas field following an Israeli airstrike, with Qatar reporting missile attacks on its LNG field, causing UK natural gas prices to surge nearly 25% and raising global energy supply fears.
Petrol and diesel prices in the UK have surged to their highest levels in nearly three years, driven by escalating oil prices due to the US-Iran conflict. The cost of filling a family car has risen by over £11 in just weeks.
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UK natural gas prices surged by nearly a quarter following Iranian missile strikes on a key energy hub in Qatar, sparking fears of global supply disruptions and higher household bills.
UK natural gas prices surged by more than 20% to a three-year high after attacks on energy sites in Iran and Qatar damaged a Shell facility, sparking fears of a global supply crisis.
Iran intensifies attacks on Gulf energy infrastructure after Israeli strike on South Pars gas field, prompting Donald Trump to issue a chilling retaliation threat.
BP has increased its cost reduction target to up to $7.5 billion by 2027 after agreeing to sell its Gelsenkirchen refinery to Klesch Group, marking a strategic shift to streamline operations.
Campaigners demand VAT on public EV charging be slashed from 20% to 5% if fuel duty is frozen, arguing drivers without driveways face unfair costs amid Middle East conflict impacts.
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Energy regulator Ofgem advises households to switch to LED bulbs, costing just 87p each, which use 80% less electricity and could save up to £72 annually on lighting costs.
European Union leaders are meeting urgently to address soaring oil and gas prices caused by the Middle East conflict, with fears of structural economic damage and refugee crises looming.
UK natural gas prices surged by 25% overnight following Iranian missile attacks on Qatar's gas facilities, raising fears over global supply disruptions and higher household bills.
Oil prices surge 7% as attacks on Middle Eastern gas fields, including Qatar's Ras Laffan and Iran's South Pars, escalate tensions and threaten long-term supply stability.
Brent crude oil surged past $114 per barrel, nearing February highs, after Iranian missile strikes on Qatar's Ras Laffan gas field and Israeli attacks on Iran's South Pars field heightened global supply fears.
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Iran intensifies attacks on Gulf energy infrastructure, damaging Qatari LNG facilities and UAE gas fields, following an Israeli strike on its South Pars gas field, causing oil price spikes.
Iran has intensified missile attacks on Gulf Arab energy infrastructure, targeting Qatari LNG facilities and ships, in retaliation for an Israeli strike on the South Pars gas field. The conflict has sent global oil prices soaring above $110 a barrel.
Fears mount that oil prices could reach $200 a barrel as Iran targets Saudi and Qatar, escalating tensions in the Middle East. The Pentagon requests $200 billion for troop deployments, while a migrant case and steel industry concerns add to domestic press
U.S. President Donald Trump has pledged to 'massively blow up' Iran's South Pars gas field if Tehran attacks Qatar again, escalating tensions in the Persian Gulf as energy markets surge.
Energy Secretary Ed Miliband warns suppliers against exploiting businesses as Middle East conflict drives up global energy prices, with new regulations planned.
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Iran has escalated Middle East tensions by threatening missile attacks on oil and gas plants in Gulf states, causing oil prices to surge 5% and raising fears of a full-scale economic war that could cripple global energy supplies.
