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The Latest Breaking News from Oil

Four Sigmatic Coffee Creamer Review

I tested out Four Sigmatic's plant-based coffee creamers, which tout brain and gut benefits. This is my honest review.

Inverse

Rishi Sunak's £15 billion cost-of-living package and windfall tax: four experts respond

Rishi Sunak, the UK chancellor of the exchequer, has unveiled a £15 billion package of measures to help households with the cost of living, after energy watchdog Ofgem announced it would probably be increasing the price cap on energy bills by over £800 a year to £2,800 in October.

The Conversation

Mid-Day Market Update: Crude Oil Jumps Over 3%; NRx Pharmaceuticals Shares Tumble

U.S. stocks traded higher midway through trading, with the Dow Jones gaining around 1.5% on Thursday.

Benzinga

From analysis to the latest developments in health,
read the most diverse news in one place.

How to get cost of living grants announced by Rishi Sunak

Chancellor Rishi Sunak has announced a raft of measures aimed at tackling the cost of living crisis - to be paid for in part by a windfall tax of gas and oil companies

Wales Online

Who really owns the oil industry’s future stranded assets? If you own investment funds or expect a pension, it might be you

When an oil company invests in an expensive new drilling project today, it’s taking a gamble. Even if the new well is a success, future government policies designed to slow climate change could make the project unprofitable or force it to shut down years earlier than planned.

The Conversation

People in US and UK face huge financial hit if fossil fuels lose value, study shows

Strong climate action could wipe $756bn from individuals’ pension funds and other investments in rich countries

The Guardian - UK

Oil Climbs on Tight Supply, Prospect of EU Ban on Russian Crude

Oil prices rose on Thursday, extending a cautious rally this week on signs of tight supply while the European Union (EU) wrangles with Hungary over plans to ban imports from Russia, the world's second-largest crude exporter, after it invaded Ukraine. Brent crude futures were up $1.60 cents, or 1.4%, to…

Asharq Al-Awsat

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Sunak’s windfall tax is a ‘sticking plaster’, say climate campaigners

Tax on oil and gas companies described as ‘missed opportunity’ to tackle climate and cost of living crises

The Guardian - UK

Sunak's tax gift to energy giants is 'climate-wrecking', Greens say

RISHI Sunak has doubled down on fossil fuels by throwing a tax incentive to polluting oil giants, the Greens have claimed.

The National (Scotland)

How Johnson, Sunak and other senior ministers previously condemned windfall tax

The Government had spent recent months dishing out criticism over the idea of a tax on oil and gas firms’ extraordinary profits.

The Independent UK

Rishi Sunak's oil and gas windfall tax - what it is and why it's been controversial

What is the new windfall tax on oil and gas companies? Rishi Sunak's Energy Profits Levy explained

Manchester Evening News

Yu Energy reports ‘significant revenue growth, at improved profit margins’

Comes as Rishi Sunak announces 25% levy on 'extraordinary' profits oil and gas companies are making

Birmingham Post

Northern Ireland will get UK cost of living cash, Treasury says

Chancellor claims “vulnerable households” will get around £1,000

Belfast Live

Who wins as energy bills soar? Oil and gas companies

Your annual energy bill could rise by another £800 in October according to UK electricity and gas market regulator Ofgem, which is set to lift the cap on energy prices (the maximum that energy suppliers can charge customers on a default tariff) in the autumn. The cap was already raised…

The Conversation

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The Guardian - UK

Sunak’s package fails to tackle the true cause of UK inflation: shameless profiteering

The fact is, the price cap on energy bills is still going up – and this is a political choice, says James Meadway of the Progressive Economy Forum

Birmingham Post

All about the windfall tax on gas and oil producers and how it will work

The new Energy Profits Levy will go towards supporting people struggling with the increased cost of living.

The National (Scotland)

Labour attack SNP as Rishi Sunak unveils partygate cover-up measures

THE SNP have been accused of making a U-turn on a windfall tax on energy companies making record profits after one was announced today.

Benzinga

Meta And 3 Other Stocks Insiders Are Selling

US crude oil futures traded higher this morning on Thursday. Investors, meanwhile, focused on some notable insider trades.

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Manchester Evening News

Three key measures announced by Rishi Sunak to help ease cost of living crisis

Chancellor Rishi Sunak has announced a new wave of fiscal measures to day to help the government tackle the soaring cost of living plaguing millions of households all across the UK

Insider UK

Rishi Sunak announces North Sea oil and gas windfall tax

The temporary 25% tax on profits should raise around £5bn of revenue over the next year

Daily Mirror

Seven Vladimir Putin-linked oligarchs who've mysteriously died amid Ukraine war

Billionaire oligarch Alexander Subbotin, 43, who runs Kremlin-linked energy giant Lukoil, was found dead after employing the services of so-called spirit healers Magua Flores and Tina Cordoba - who is said to have treated him by placing toad venom under his skin

Edinburgh Live

All Edinburgh households will get £400 energy bill discount this autumn

In a national roll out the Chancellor has announced measure to help those struggling with the cost of living crisis including various grants that some households will be eligible for.

Evening Standard

Windfall Tax: All you need to know about Rishi Sunak’s new levy on oil and gas giants

After weeks of insisting that a windfall tax on oil and gas companies would discourage them from investing in the UK, Rishi Sunak performed a U-turn on Thursday by announcing the government would impose a one-off levy on energy companies to pay for a £15bn emergency aid package.

Daily Mirror

Brits to get £400 energy bill help and £650 payments for millions on benefits

Rishi Sunak set out new cost of living measures, which are due to be funded by a windfall tax on profits of oil and gas giants in a major U-turn by ministers

Evening Standard

Rishi Sunak dishes out £15billion cut to bills as he announces energy windfall tax

The Chancellor’s latest round of government support will hand all households a £400 grant to help pay their soaring energy bills

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