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Stick to spending limits, PM and chancellor tell ministers in joint memo
The Chancellor said the Budget on 28 October would “meet our fiscal rules” and give families "stability" to plan for the future.
Read full article →VC Money Floods Into U.S. Nuclear Startups as AI Power Demand Explodes
Venture capitalists are taking a major interest in nuclear energy start ups. Funding is surging for both nuclear fusion and fission firms as the technology becomes an increasingly essential part of a feasible pathway tow
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Snapchat joins other popular platforms in fight against 'AI slop'
Snapchat, YouTube, LinkedIn, and Substack are trying to combat the proliferation of fake AI content.
Read full article →Abqaiq Is a Warning That Oil Markets May Be Misreading
While the dust is settling and facts emerge, it is clear that the latest attack on Saudi Aramco's Abqaiq oil-processing complex is rapidly becoming one of the most consequential energy developments of 2026. The event sho
Read full article →Why Trump’s Trade Threat Puts Spain’s Energy Security on the Line
Donald Trump’s July 8 order to halt trade with Spain has yet to become an energy embargo, but Madrid can no longer dismiss it as political theatre. It was the second such threat since March 2026, this time delivered dire
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AI firms must answer for rogue bots, says boss of hacked company
Clement Delangue said he didn't want cyber attacks on other companies to become "normalised".
Read full article →Exxon and Chevron’s $26.5 Billion Quarter Draws Trump’s Ire
ExxonMobil and Chevron made a combined $26.5 billion in the second quarter after producing more oil, refining more fuel, and selling all of it into a market scrambled by war. Washington is investigating why gasoline cost
Read full article →What Kyrgyzstan Wants From the UN Security Council
Kyrgyzstan’s election to a two-year term on the United Nations Security Council came after a diligent campaign to gain support for its candidacy. It means a Central Asian state will have a seat on the UN’s most powerful
Read full article →US Oil Drillers Turn Cautious as WTI Holds Near $85 per Barrel
The total number of active drilling rigs for oil and gas in the United States rose this week, according to new data that Baker Hughes published on Friday, bringing the total rig count in the US to 588, up 48 from this sa
Read full article →Ukraine Strikes Lukoil's Volgograd Refinery as Drone Attacks Resume
Ukraine has struck one of Russia’s biggest refineries, Lukoil’s Volgograd processing facility, the Ukrainian forces said on Friday as they resumed attacks on Russian refining capacity. The Volgograd refinery, which has t
Read full article →Saudis Push Maritime Coalition as Oil Finds Support
Brent is set for an 8% weekly loss, but ongoing disruptions in the Strait of Hormuz and the Red Sea continue to support oil prices near $90 a barrel. Friday, July 31, 2026 Oil prices are set for an 8% weekly loss after t
Read full article →Ukraine Is Now Targeting Iranian Shipping in the Caspian Sea
Iranian-designed drones have wreaked havoc for Ukrainian forces battling Russian troops as Moscow took Tehran's technology and ran with it, supercharging production and deploying drones in devastating droves in its all-o
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BP puts North Sea business up for sale
The decision follows a review of BP's operations and is set to end 60 years of production in the region by the oil giant.
Read full article →China's Solar Capacity Set to Overtake Coal This Quarter
China will have more installed solar power capacity than coal-fired generation capacity as early as this quarter, Chinese authorities have said. As of the end of June, solar power capacity stood at 1,274 gigawatts (GW),
Read full article →ADNOC Makes One of the Biggest Changes to Middle East Crude Pricing in Years
The Abu Dhabi National Oil Company (ADNOC) is making one of the most significant changes to Middle Eastern crude pricing in years, announcing that all of its Abu Dhabi crude grades will move to a prompt-month pricing met
Read full article →ADNOC Unveils New Crude Pricing Mechanism
ADNOC is changing the pricing formula used for its flagship crude grades. The oil giant said Friday it will move away from its ICE Futures Abu Dhabi-based pricing methodology, which prices crude off the Murban futures co
Read full article →Global Coal Consumption Hits Record Even as Coal Power Declines
Global coal consumption reached another record in 2025, seemingly contradicting years of discussion about phasing out the world’s most carbon-intensive fossil fuel. But the headline number does not tell the whole story.
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Chevron reports net income of $12.1bn in Q2 2026
Chevron has reported a net income of $12.1bn for the Q2 of 2026, marking a 384% increase from $2.5bn in the same period of 2025.
Read full article →Shell Sells Cyprus Gas Stake to MOL for $720 Million
Shell has agreed to sell its wholly-owned subsidiary BG Cyprus Ltd to MOL Group of Hungary for $720 million, as the UK-based oil and gas supermajor targets to grow its LNG value chain. Shell on Friday announced the agree
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Andy Burnham to give regional mayors share of income tax
The prime minister says the move will give power to "every postcode" but critics say the plans lack detail.
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Sainsbury's agrees to sell Argos for £120m
Under the terms of the deal, Argos will still operate in Sainsbury's shops, sell Habitat products, and offer Nectar points.
Read full article →Oil Prices Inch Higher as Iran Strikes U.S. Bases in Kuwait and Bahrain
Iran on Friday claimed it launched attacks on U.S. military assets in Bahrain and Kuwait amid the latest re-escalation of hostilities in the region, which dashed the hopes from early this week that there could be a swift
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Passenger on British Airways mayday flight describes fear and shout of 'I don't want to die'
Edward Killiwick was on the flight that issued a distress call, before it landed safely at Heathrow earlier this month.
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UK petrol prices hit highest level since Iran war began
The price of unleaded hits 160p a litre, according to motoring group the RAC, as oil prices remain elevated.
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Anthropic's Claude AI escapes to hack into three organisations
It comes just days after rival OpenAI said rogue AI agents had breached other firms' networks.
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Emera receives final approval for sale of New Mexico Gas
Emera has secured final approval from the New Mexico Public Regulation Commission (NMPRC) to complete the sale of New Mexico Gas Company (NMGC) to Bernhard Capital Partners.
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NYK targets MidOcean Energy stake via Mitsubishi SPV
Japanese shipping firm Nippon Yusen Kabushiki Kaisha (NYK) has announced plans to participate in an investment in MidOcean Energy, an EIG-backed liquefied natural gas (LNG) company based in the UK.
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Shell’s Q2 2026 revenue soars by 45% to $94.7bn
Shell has reported a revenue of $94.7bn for the second quarter of 2026 (Q2 2026), a 45% increase from $65.4bn in the same period of the previous year.
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South Korean shares soar after chip stock rout
It comes after a three-day rout that wiped hundreds of billions of dollars off the value of the country's stock market.
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Amazon and Apple just told us more about their AI plans - here are three things we learned
Billions of dollars are being poured into a new wave of AI technology. But will it pay off?
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