North Sea Oil Savings 'Sheer Fantasy' Compared to Renewables
Oxford analysis reveals renewables could cut household bills by up to £441 annually, while maximising North Sea extraction offers minimal savings only if tax revenues are redistributed.
Category : Energy
Experts: North Sea Drilling Won't Cut Energy Bills Significantly
New analysis reveals renewable energy could save households up to £441 annually, while North Sea drilling offers minimal savings only if tax revenues are redistributed.
Cuba Power Grid Collapse Causes Blackout and Protests
Cuba's national electric grid has failed, leaving 10 million without power amid a US oil blockade. The blackout sparked rare violent protests and has forced medical surgery postponements.
Cuba Hit by Island-Wide Blackout as Energy Crisis Worsens
Cuban officials report a complete nationwide blackout affecting 11 million people, exacerbating the country's severe energy and economic crises linked to U.S. sanctions and halted oil shipments.
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Diesel Prices Surge to 160.3p Per Litre in UK
Diesel prices in the UK have soared by 18p per litre since the Middle East conflict began, reaching 160.3p on average. Petrol has also risen 7%, with global oil prices exceeding $100 a barrel.
US Oil Giants Set for $63B Windfall from Iran War Price Spike
American energy companies like ExxonMobil and Chevron could reap massive profits from sustained high crude prices due to Middle East conflict, while drivers face soaring gas costs.
Another Energy Bill Bailout May Be Needed as Costs Soar
With wholesale energy prices surging due to Middle East conflict, the government faces mounting pressure to provide billions in household support ahead of May elections.
UK Government's £50m Heating Oil Support Package Announced
The UK government has launched a £50 million aid package to help households facing soaring heating oil costs, with funding allocated across devolved nations and new consumer protections planned.
Worldwide Measures to Protect Homes from Soaring Energy Costs
As the Iran-US conflict disrupts global oil and gas supplies, nations from India to Brazil implement emergency policies to curb inflation and support consumers.
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Petrol Shortage Sparks Panic as Government Urges Calm
A severe petrol shortage has triggered widespread panic, with the government's calls for calm only heightening public anxiety. The crisis is linked to geopolitical tensions in the Strait of Hormuz.
EVs Could Cut Australia's Foreign Fuel Use by 1 Billion Litres
Replacing one million petrol cars with electric vehicles could reduce Australia's reliance on imported fuel by over one billion litres per year, enhancing energy sovereignty and resilience against global oil price shocks, experts reveal.
Iran Attacks on Tankers and Tourism Heighten Energy Crisis Fears
Iranian drone and missile strikes on Gulf energy infrastructure and tourism hubs, including Dubai airport, disrupt oil shipping and drive crude prices above $100 a barrel, escalating global energy crisis concerns.
Heating Oil Support: £50M Aid for Rural Households Announced
Sir Keir Starmer reveals financial assistance for 1.5 million households using heating oil, with £50 million allocated across UK nations following Middle East conflict price spikes.
UK Fuel Rationing Warning Over Iran War Crisis
A former Downing Street adviser warns the UK could face fuel rationing and price volatility due to potential Strait of Hormuz blockades, as Sir Keir Starmer announces a £53 million support package.
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Fuel Prices Soar Amid Iran Conflict, RAC Data Shows
Petrol and diesel prices have surged since the Iran war began, with diesel up 18p per litre and petrol nearly 9p. RAC warns of rising costs as oil exceeds $100 a barrel.
UK Invests £2.5bn in Nuclear Fusion and AI Supercomputer
The UK government announces a £2.5 billion investment in nuclear fusion energy, funding a prototype power plant and a new AI supercomputer to advance clean energy technology.
Targeted Energy Bill Aid Considered Amid Iran Conflict Price Spikes
Government support for soaring energy bills, exacerbated by Trump's Iran conflict, may be limited to benefit claimants and pensioners, mirroring the Warm Home Discount scheme, while millions of working households risk missing out.
Ex-BP Chief Warns UK Could Face Fuel Rationing Over Iran War
Nick Butler, former BP strategy head and Downing Street adviser, warns ministers must prepare for significant oil supply shortfalls within two months due to Middle East conflict.
Energy Rationing Warning for UK Amid Middle East Crisis
Former government energy expert warns Brits to prepare for potential energy rationing as Iran's closure of the Strait of Hormuz creates global oil shortages within weeks.
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Diesel Prices Soar to 160.3p, Highest Since 2023
Diesel prices have surged 18p per litre since the Middle East conflict began, reaching 160.3p, the highest since November 2023. Petrol also rises to 141.5p as oil prices exceed $100 a barrel.
Energy Rationing Looms as Iran Conflict Threatens Oil Supply
A top energy expert warns that the UK government may need to ration energy if the Iran war continues, prioritising hospitals and food production amid a severe oil crisis.
Meter Tampering Risks Fines, Prison, and Fatal Consequences
Energy regulator Ofgem issues urgent warning about illegal meter tampering, highlighting dangers including fatalities, property damage, and severe legal penalties.
Starmer Announces £53m Energy Support in Iran War Presser
Keir Starmer unveils a £53 million package to aid households with heating oil costs, as the Iran conflict threatens energy bills. The PM stresses a cautious approach to avoid war escalation.
New £53m Heating Oil Support Announced After Price Spike
Sir Keir Starmer unveils £53 million in aid for 1.5 million households using heating oil, as prices double due to Middle East conflict and shipping disruptions.
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Diesel Prices Spike 18p as Conflict Drives Fuel Costs Higher
Diesel prices in the UK have surged by 18p per litre since the Middle East conflict began, reaching 160.3p, with petrol up 7%. Global oil prices exceed $100 a barrel, prompting government warnings against unfair practices.
Diesel Hits 160.3p per Litre as Conflict Drives Oil Prices
UK diesel prices have jumped 18p per litre since the Middle East conflict began, reaching 160.3p on average. Petrol has also risen 7%, with global oil prices exceeding $100 a barrel for the first time since 2022.
Starmer Announces Energy Bills Help in Iran War Press Conference
Prime Minister Keir Starmer will hold a press conference to unveil tens of millions in support for heating oil users, addressing cost-of-living fears as the Iran conflict escalates.
UK Government Announces £50M Heating Oil Aid Amid Iran War
The UK government is preparing a £50 million package to assist households, primarily in rural Northern Ireland, facing soaring heating oil costs due to the Iran war's impact on energy markets.
Heating Oil Price Hikes Endanger Kent Man with Respiratory Illness
Gail Thompson fears her husband Steve could die if they cannot afford heating oil, as his COPD and pulmonary fibrosis make cold air deadly. Prices have more than doubled due to Middle East conflict.
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Gulf Investors Keep Funding Africa Renewable Energy Despite Iran War
Middle Eastern sovereign wealth funds and state-backed companies are expected to maintain renewable energy investments in Africa despite the Iran conflict, driven by strong long-term economic and strategic interests.
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