Latest UK Fuel & Oil News

Trump-Backed Trade Corridor Advances Despite Geopolitical Resistance

Armenian officials have commenced design work for the TRIPP trade corridor, even though an operating agreement with the United States remains to be finalized. US and Armenian officials announced in January a preliminary

America’s Hydrogen Revolution Stalls Amid Funding Cuts and Weak Demand

Just a few years ago, the United States was developing new hydrogen hubs to support energy diversification and help achieve a green transition. However, the development of these fuel hubs has not proceeded as expected, w

Wall Street’s “Energy Transition” Funds Are Packed With Natural Gas

As we head into the United Nations’ 31st annual flagship climate conference (COP31), to be held next week in Antalya, Türkiye, greenwashing presents a large and growing problem in the private sector. As the tech sector’s

Elon Musk appears to signal the end of the road for Cybertruck

Musk said it was to make room for production of its Cybercabs - autonomous taxis without a driver.

AI stocks climb after trillions wiped from market values

Investors had been selling off tech shares in part due to concerns the Democrat election victory would mean slower AI development.

America’s Nuclear Revival Is Running Into a Fuel Supply Wall

The United States boasts the largest nuclear power production capacity in the world, but decades of insufficient funding and policy support is now posing an existential threat to the ageing sector. In the past decade, th

Oil Traders Want U.S. to Release Sanctioned Tankers as Freight Costs Soar

Some of the world's biggest oil traders are asking Washington for permission to put sanctioned tankers back to work, as a global vessel shortage pushes oil transportation costs to extraordinary levels. Trafigura, Vitol,

Energy Reliability Is Becoming More Important Than Energy Politics

For much of the past decade, energy debates often pitted fossil fuels against clean energy. Governments announced dates for phasing out technologies, investors tried to anticipate which industries would lose favor, and e

Why the US midterms sparked an AI stock selloff

Fears of more AI regulation appear to have sparked fear among investors, but concerns about the industry have been growing for some time.

U.S. Oil, Gas Drillers See Minor Uptick as Oil Prices Crash

The total number of active drilling rigs for oil and gas in the United States rose slightly this week, according to new data that Baker Hughes published on Friday, with the total rig count in the US rising to 604, up 56

ONGC Moves to Take Over Venezuelan Oilfields, Recover $500 Million

India’s state-owned Oil and Natural Gas Corp. (ONGC) is negotiating to take over operations at two Venezuelan oil projects within six months, a move that could give it control over production and sales at fields where it

Why smoky bacon crisps threaten to reignite rows over EU rules

A post-Brexit deal on food standards has raised questions over the future naming of the classic British snack.

Norway’s Oil and Gas Industry Faces a Major Decline Without New Discoveries

For more than half a century, Norway’s oil and gas production has been underpinned by a handful of very large discoveries, the last of which, Wisting in the Barents Sea, was made more than a decade ago. Since then, explo

IEA Sees 4,800 GW of New Renewables by 2031

The Strait of Hormuz crisis and the spike in fuel prices are pushing faster renewable energy deployment across the world, the International Energy Agency (IEA) said in a new report on Friday.  For the first time, emergin

Energy Aspects Slashes Forecast of China’s November Diesel Exports

Reduced domestic inventories will likely result in significantly lower Chinese exports of diesel in November amid the global diesel crisis, analysts at Energy Aspects say as they slashed their estimates of Chinese shipme

The Iran War Isn't Over, but Oil Traders Are Already Pricing In Peace

Oil prices plunged 15% this week as hopes of a U.S.-Iran peace deal fueled bearish sentiment, despite continued attacks in the Strait of Hormuz.   Friday, November 06, 2026 Oil prices are set to record one of the steepes

PM tells firms to publish salaries in job adverts ahead of new law

The government argues the change will help jobseekers and could help to prevent pay discrimination.

Trump’s Iran Strategy Reaches a Critical Crossroads After Midterm Defeat

President Donald Trump spent the final weeks of the US midterm campaign predicting that the war with Iran would end "right after the election." With the votes now in, his Republican Party is reeling from losing both cham

Europe's Grid Spending Is Up 155% Since 2019

Most European countries expect higher investments in their grid infrastructure through 2030 after more than doubling annual investments since 2019, the European Union Agency for the Cooperation of Energy Regulators (ACER

FGE NexantECA Sees Slim Chance of U.S.-Iran Deal

The chances of a U.S.-Iran deal are low and the next two months carry the greatest escalation risks that could derail the recovery of oil flows through the Strait of Hormuz, energy consultancy FGE NexantECA says after th

Understanding the limitations and advantages of OCM for wind turbines

Prime Energy achieves first gas at Malampaya Phase 4 in Philippines

Prime Energy has started producing gas from its Malampaya Phase 4 project offshore the Philippines, bringing output from two new wells into the existing production system.

TC Energy approves $2bn in pipeline expansions in US and Canada

Canadian pipeline operator TC Energy has announced approximately C$3bn ($2.1bn) of new in-corridor growth projects, taking 2026 sanctions to about C$6bn at a weighted average build multiple of 6.5 times.

How does it affect me if share prices fall?

Changes in the FTSE 100 and other indexes are not just for financial experts, they can affect our lives.

SLB OneSubsea secures Aker BP contract for Lyra field in Norway

SLB OneSubsea has been selected by Aker BP to provide subsea production systems, umbilicals and related services for the Lyra field on NCS.

The engine parts that 'fight the laws of the universe'

Investment has surged into the making of jet turbine blades - an extremely difficult component to make.

'I was asked if I was a crier': Your worst job interviews revealed

Bad job interviews can be horrible to experience in the moment, but there is a lot they can teach us about the world of work

Interest rates hiked to 4% in first increase in over three years

Most analysts expected the increase from 3.75% to 4%.

Drunk and dangerous e-bike riders face on-the-spot fines under crackdown

A consultation will consider fines and other ways to clamp down on dangerous e-bike riders.

Faisal Islam: How high will interest rates go?

The BBC's economics editor views one more interest rate as likely, but thinks that will be all.