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The Latest Breaking News from British Petroleum

UK ‘absolutely not’ facing blackouts or rationing, says energy minister

Energy minister Michael Shanks stated the UK is "absolutely not" planning for blackouts or rationing, asserting the nation has a "strong and diverse range of supplies." This assurance comes amidst Iran's effective blockade of the Strait of Hormuz, a critical shipping route for oil and gas. Experts told MPs that…

The Independent UK

Oil majors boost FTSE 100 amid war uncertainty

The FTSE 100 index closed up 71.01 points on Tuesday.

Evening Standard

Seven charts that reveal how unprepared Australia was for the fuel crisis

Disruptions to Middle East oil shipments have rippled along the world’s longest supply chain through Asia – and there’s no knowing when the pressure will ease

The Guardian - AU

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Stocks swing wildly as Trump cools Iran rhetoric

US President Donald Trump said he had instructed strikes against Iranian energy sites to be postponed for five days, and that talks were under way.

Evening Standard

'Climate gaslighting': How fossil fuel giants have quietly abandoned their net zero pledges

A new analysis warns that some of the world’s biggest fossil fuel companies have entered a ‘gaslighting’ phase to bolster their profits.

Euronews

Stocks end week in red as Brent price retreats

The FTSE 100 has lost 342.77 points, 3.3%, over the week.

Evening Standard

Stocks close down as oil rises and gold retreats

The FTSE 100 index closed down 241.79 points, 2.4%, at 10,063.50.

Evening Standard

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The West has long characterized Iran’s oil as a prize to be claimed

With the recent outbreak of hostilities in the Persian Gulf, the focus of international attention has returned to one of the world’s most important energy chokepoints: the Strait of Hormuz.

The Conversation

BP to sell German oil refinery as part of $20bn cost-cutting plan

Energy company plans full return to London by moving global HQ to new development on South Bank

The Guardian - UK

BP moves back to central London as it chooses Bankside development for new global HQ

Energy giant will occupy at 15 storeys of the Ink building at Timer Square

Evening Standard

BP hikes cost-cutting target again after striking deal to sell German refinery

The energy giant will sell the Gelsenkirchen refinery to independent European refiner Klesch Group.

Evening Standard

‘It’s not panic-buying’: farmers defend stockpiling as regional Australia bears brunt of fuel crisis

Independent retailers are struggling to get fuel from the majors and say farmers have only responded to soaring prices and lack of availability

The Guardian - AU

'Permanent High Point': Did Fuel Stations Overcharge Australians Amid Middle East Conflict?

The NRMA has accused some fuel stations of jacking up prices during the Middle East conflict and warned that record-high fuel costs in Sydney, Melbourne and Brisbane may now represent a 'permanent high point'.

International Business Times UK

Steve Kerr Misplaces Anger As Shorthanded Warriors Continue to Lose

The Warriors’ coach admitted after the game that he probably got a little too emotional during this play.

Sports Illustrated

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The Independent UK

Starmer warned UK should brace for fuel rationing amid Iran war

IN FULL

The Independent UK

UK should brace for fuel rationing over Iran war crisis, former BP chief warns Starmer

Former adviser says UK should be preparing for ‘significant shortfall of supply over the next two months’

The Guardian - AU

Dozens of petrol stations around Australia run out of fuel as panic-buying continues

NRMA says record-high fuel may be here to stay in Sydney, Melbourne and Brisbane after prices soared early in the Middle East conflict

The Guardian - UK

Oil company shares soar to all-time highs as Middle East war turbocharges price per barrel

Energy supply shock from US-Israeli attack on Iran fuels record valuations for Shell, ExxonMobil and Chevron

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Evening Standard

FTSE 100 falls as Iran war lifts inflation fears

The FTSE 100 index closed down 58.47 points, 0.6%, at 10,353.77.

GamesRadar

14 years later, former EA exec is still mad about getting the "Worst Company in America" award over BP and Bank of America just because "f***ing Colonel Shepard dies in Mass Effect 3"

Peter Moore might not remember Commander Shepard's title, but he's still sore about that award

The Independent UK

FTSE 100 rallies as inflation fears ease

The FTSE 100 index closed up 162.72 points, 1.6%, at 10,412.24.

Evening Standard

Maxine Peake among 200 figures urging British Museum to support Palestine

The letter comes amid reports that the museum has removed the word ‘Palestine’ from several of its gallery displays.

Marie Claire

The Transitional Basics I’m Wearing on Repeat for the Next Month—All for Under $100

My spring outfits have never looked better.

The Guardian - UK

BP’s new boss will take home at least £11.7m this year, more than double her predecessor

Meg O’Neill will be first woman to serve as CEO of 117-year-oil firm when joining from Woodside Energy in April

The Independent UK

Three ways to combat energy bill rises as Iran-US war sparks price hike fears

Energy price rises are coming, despite Ofgem’s best efforts

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