Latest UK Fuel & Oil News
Recent stories driving UK fuel supply, prices, and reserve levels.
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Tinder and Zoom offer 'proof of humanity' eye-scans to combat AI
The tech aims to identify people's irises and stop the rise of fake accounts and malicious scams.
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AI minister Kendall says she doesn't use AI at work
The Science, Innovation and Technology Secretary this week unveiled a £500m fund to boost British AI firms.
Read full article →Spain Probes Europe's Worst Blackout Over Power Rule Breaches
The Spanish market and competition regulator on Friday opened probes into potential breaches of power sector rules as part of a wider investigation into last year's blackout in the country. Spain's grid buckled on April
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Oil prices plunge as Iran says Strait of Hormuz 'open' during ceasefire
Brent crude sinks by a tenth after Iran says the key waterway is open for commercial ships for the rest of the ceasefire.
Read full article →World Bank and IMF See Economic Slowdown Across Central Asia and the Caucasus
The World Bank and International Monetary Fund are predicting growth rates to slow in the coming years across Central Asia and the Caucasus. Azerbaijan is projected to be the lone state in the two regions to buck the tre
Read full article →India's Power Demand Growth Slowed to Six-Year Low in FY 2025-26
A milder 2025 summer and heavy rainfalls in the monsoon season later dragged down the growth in India's electricity consumption in the fiscal year ended March 2026 to the lowest level in six years. The electricity suppli
Read full article →Oil Slides but the Real Test Comes This Weekend
Oil markets are hanging on U.S.–Iran talks as hopes for reopening the Strait of Hormuz push prices lower—but failure could trigger shortages and a new price spike. Friday, April 17, 2026 Oil markets are fixated on this w
Read full article →Labor Dispute in Australia Could Further Hinder Global LNG Supply
A labor dispute could soon lead to industrial action at the Ichthys LNG plant offshore Western Australia, potentially further crippling global LNG supply at a time when 20% is already offline due to the missile strikes a
Read full article →Why Diesel Prices Surge Faster Than Gasoline in Every Energy Crisis
When a geopolitical shock hits energy markets, the same pattern plays out: diesel prices spike fast, while gasoline lags behind. According to data from the Energy Information Administration, since the conflict in Iran be
Read full article →Oil Prices Sink 10% as Trump Announces Strait of Hormuz is Fully Open
Iran's Foreign Minister Abbas Araghchi announced Friday that the Strait of Hormuz is "completely open" to commercial shipping for the remainder of the US-Iran ceasefire, a declaration that drew an immediate public thank-
Read full article →Oil prices fall as US-Iran talks and ceasefire spur hopes
Oil prices declined on 17 April, influenced by potential further dialogue between the US and Iran scheduled for the weekend and a 10-day ceasefire currently in place between Israel and Lebanon.
Read full article →PMS to deliver EPCI for Phase 12 of WDDM project in Egypt
PMS has secured a contract to deliver the offshore works for Phase 12 of the WDDM gas field development, a project operated by Burullus Gas in Egypt.
Read full article →India Pays in Yuan for Iranian Oil Purchases Under U.S. Waiver
Indian refiners that have bought Iranian crude under the one-month U.S. waiver on Iran's oil on tankers are settling the purchases in Chinese yuan via the Shanghai office of India's ICICI Bank, Reuters reported on Friday
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UK petrol and diesel prices fall after weeks of rises
Drivers have seen weeks of increases as the US-Israeli war with Iran pushed up wholesale oil prices.
Read full article →A Ceasefire, a Blockade, and a Clock Running Out for Trump
Conflict Update (as of 12:00 a.m. ET, April 18) The U.S. rushed to lock in a 10-day Israel-Lebanon ceasefire starting on Thursday because the Lebanon front was starting to blow up the Iran talks. The Lebanon ceasefire di
Read full article →How Israel Is Trying to Turn Washington Against Ankara
Israel failed to demonstrate any meaningful gains in its own version of the war with Iran. Now, it needs a new enemy to target, and preferably one that would cause a dangerous wedge. The target is Turkey, a very importan
Read full article →Oil Swings Wildly as War Headlines Rattle Markets
WTI and Brent crude traded through a volatile stretch from this week, driven almost entirely by headlines tied to the U.S.-Iran conflict. By Thursday night, June WTI crude was trading at $89.23, up $0.25, or 0.28%. The w
Read full article →Tanker Fleet Heads to Load U.S. Oil as Middle East Supply Crumbles
Empty supertankers have left Asia en route to the U.S. via the Cape of Good Hope in one of the biggest queue of vessels ever seen at sea, as Asian buyers rush to load U.S. crude to replace part of the supply lost in the
Read full article →First Crude Cargo Clears Hormuz Since U.S. Blockade Began
A tanker flying the flag of Pakistan has just become the first vessel to ship crude out of the Strait of Hormuz since the U.S. blockade outside the chokepoint began on Monday, ship-tracking data compiled by Bloomberg sho
Read full article →Repsol, PDVSA sign agreement to raise Petroquiriquire production
Repsol has entered into an agreement with the Venezuelan Ministry of Hydrocarbons and the state oil company Petróleos de Venezuela (PDVSA) to increase oil extraction at the Petroquiriquire asset in Venezuela.
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Finance ministers and top bankers raise serious concerns about Mythos AI model
Experts say Mythos potentially has an unprecedented ability to identify and exploit cyber-security weaknesses.
Read full article →Transocean wins $158m contract for Deepwater Asgard in Mediterranean
Transocean has secured a contract valued at approximately $158m for the Deepwater Asgard drillship in the Eastern Mediterranean Sea.
Read full article →Middle East Oil Output May Take Two Years to Recover
The Middle Eastern producers may need up to two years to restore their oil and gas output to the levels from before the war, according to Fatih Birol, the executive director of the International Energy Agency (IEA). “We
Read full article →IMF Tells Europe Not to Repeat Its Costly Energy Crisis Mistakes
The European Union should not overdo fuel subsidies aimed at cushioning the oil shortage blow to businesses and consumers, the International Monetary Fund has warned, adding that some financial pain would prompt demand r
Read full article →Enbridge wins new permit to maintain North Dakota border pipeline
The US government has authorised Enbridge Energy to continue operating and maintaining its existing cross-border pipeline facilities at Pembina County, North Dakota, following the issuance of a new Presidential permit.
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Nearly 160,000 uninsured cars seized on UK roads
Seizure numbers hit a 17-year high as an estimated 300,000 uninsured vehicles are driven each day.
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Chinese carmaker patents voice-controlled 'in-vehicle toilet'
Seres' plans show how stiff competition in the EV space is putting pressure on carmakers to innovate.
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Could a digital twin make you into a 'superworker'?
Firms say digital twins make staff more productive, but are they a potential legal minefield?
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Rising value of Pokémon cards sparks smash and grab crime spree
Small shops across the UK are being targeted by thieves stealing collectibles worth thousands of pounds.
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Netflix co-founder Reed Hastings to step down as chairman
Hastings set up the company in 1997, when it rented DVDs to customers and delivered by post.
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