Ministers Warn Heating Oil Suppliers Over Price Surge
The government has issued a stern warning to heating oil suppliers against exploiting the Middle East crisis, as prices have doubled in a week, impacting 1.5 million rural households.
Category : Energy
David Koch Warns of Rising Electricity Bills in Australia
Economic director David Koch warns millions of Australians to brace for further electricity bill increases due to ageing infrastructure, network costs, and renewable energy transition pressures.
Iran War Oil Price Surge Impacts Consumers Beyond Gas Pump
As crude oil surpasses $110 a barrel, consumers face rising gasoline, shipping, and grocery costs. Experts warn of inflation spikes and reduced spending as the conflict damages global energy production.
World Leaders Eye Oil Reserves, Hold Off on Tapping Amid Iran War
As war in Iran disrupts oil tankers and spikes prices, world leaders are reluctant to tap emergency reserves, weighing market impacts and conflict duration.
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Iran War Disrupts LNG, UK Gas Reserve Urgency Grows
The Iran war has disrupted liquefied natural gas supplies, exposing vulnerabilities in the UK's energy security. While current gas sources remain stable, experts warn that strategic gas reserves are essential to manage price shocks and infrastructure risk
UK Energy Vulnerability Exposed, Clean Power Offers Protection
The Iran crisis reveals Britain's exposure to volatile fossil fuel markets, with potential price spikes threatening households. Experts argue accelerating domestic green energy is the only true insurance against geopolitical shocks.
California Gas Prices Surge Past $5 Amid Iran Conflict
California gas prices have soared above $5 a gallon as the US war with Iran disrupts global oil supplies, hitting the state's drivers hardest with a $0.55 per gallon spike.
Iran War: Risk of 1970s Energy Crisis in UK
As the Iran war disrupts global oil and gas markets, Britain faces potential energy shocks reminiscent of past crises. This analysis explores historical parallels and why this conflict could be uniquely damaging.
Iran War Endangers Key Global Oil and Gas Infrastructure
Attacks in the Iran conflict have disrupted critical pipelines, terminals, and refineries, causing a global energy price shock and threatening supplies worldwide.
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UK Fuel Prices Soar as Middle East Conflict Intensifies
Petrol prices across the UK have surged to 137p per litre as crude oil tops $100 a barrel due to Middle East turmoil. Interactive maps reveal cheapest filling stations.
Watchdog Warns Suppliers Over Heating Oil Price Spikes
The Competition and Markets Authority has warned heating oil suppliers to honour agreed prices as Middle East conflict causes costs to soar by up to £100 per week, affecting 1.5 million UK households.
G7 Delays Oil Reserve Release as Iran War Drives Prices Up
G7 nations have postponed releasing emergency oil reserves despite prices exceeding $119 per barrel due to the Iran conflict, citing no immediate supply shortages in Europe or the US.
UK Energy Bills Soar Amid Iran War Despite Renewables
Global oil and gas price surges from Trump's Iran conflict expose UK's gas dependency, with marginal pricing keeping electricity costs high despite wind and solar dominance.
Martin Lewis: Duration of Price Rises Key to UK Energy Costs
Money Saving Expert Martin Lewis compares current oil and gas prices to Russia-Ukraine crisis peaks, highlighting that the length of price surges is as critical as their initial height for UK energy costs.
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Winter Schemes Worth £475 Ending Soon - Check Eligibility
UK households have only days left to claim Winter Fuel Payments, Warm Home Discounts, or Cold Weather Payments worth up to £475. Most payments are automatic, but some require applications before March 31 deadlines.
Martin Lewis: Iran War Could Prolong Bill Increases
Money expert Martin Lewis shares data showing oil and gas price surges due to Middle East tensions, warning the duration of hikes is crucial for household costs.
Drivers Told to Ration Fuel as Iran War Bumps Oil Prices
Motorists across Britain are being advised to cut non-essential trips and adopt fuel-efficient driving techniques as Middle East tensions push oil prices above $100 per barrel, causing significant increases at the pump.
Flight Costs Soar Sevenfold as Oil Crisis Hits Airlines
Global aviation faces severe turbulence as oil prices surge 15%, pushing airfares up to seven times higher and causing airline shares to plummet worldwide amid Middle East conflict.
UK Government's Readiness for Oil Price Hikes Questioned
A new podcast analysis raises concerns about the UK government's ability to handle potential oil price increases, examining economic and policy implications.
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Drivers Told to Cut Non-Essential Journeys Amid Fuel Price Surge
Motorists are advised to reduce non-essential car trips and adopt fuel-efficient driving as oil prices exceed $100 a barrel, pushing UK petrol and diesel costs higher.
Gas Prices Jump 17% Post-Iran Strikes, Oil Tops $100
U.S. gasoline prices have risen nearly 17% since airstrikes on Iran began, with oil surpassing $100 per barrel. President Trump calls it a 'small price' for peace while Energy Secretary predicts weeks of high costs.
Drivers Told to Cut Non-Essential Journeys as Fuel Prices Rise
Motorists are being advised to eliminate unnecessary car trips and adopt fuel-efficient driving techniques as oil prices surge above $100 per barrel due to Middle East tensions, pushing UK petrol and diesel costs higher.
Drivers Told to Cut Non-Essential Journeys Amid Oil Price Surge
Fuel prices are set to rise sharply after oil exceeds $100 a barrel due to US-Israeli strikes on Iran. AA advises motorists to reduce travel and drive efficiently.
UK Petrol Prices Surge as US-Iran War Escalates
UK drivers face soaring petrol and diesel costs, with prices hitting 20-month highs due to Middle East conflict and oil price spikes, prompting warnings on travel.
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Energy Firms to Scrap Standing Charges in New Trial from April
Four major energy suppliers will eliminate or reduce standing charges for thousands of households in a new trial starting April, aiming to cut bills by at least £150 annually, though unit rates may rise.
Bahrain Declares Force Majeure Following Iran Refinery Attack
Bahrain's state oil company has declared force majeure on shipments after Iranian missile attacks set its refinery ablaze, legally suspending contractual obligations due to hostilities.
UK Faces Economic Turbulence as Iran Conflict Sends Oil Prices Soaring
Energy boss warns of a 'white knuckle ride' for UK consumers as oil prices surge above $100 a barrel following US-Israeli strikes on Iran, with Starmer highlighting economic risks.
Find Cheapest Petrol and Diesel as Oil Prices Spike to $120
Oil prices have soared to nearly $120 a barrel, pushing fuel costs higher. Experts advise drivers to use online checkers and government tools to find the best local prices and conserve fuel.
UK Heating Oil Costs Double Amid Iran Conflict Crisis
Nearly two million UK homes and businesses face a major cost shock as heating oil prices more than double in a week, driven by the Iran conflict disrupting global supply.
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UK Minister: Sufficient Oil and Gas Supplies Despite Middle East Crisis
Steve Reed, the communities secretary, states the UK has enough oil and gas reserves, dismissing reports of shortages. He highlights monitoring of Middle East conflicts but sees no immediate threat to energy security.
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