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The Latest Breaking News from Oil

More North Sea drilling will put UK at mercy of fossil fuel markets, ministers say

Ed Miliband says only clean power will provide ‘energy sovereignty’ amid opposition calls for oil and gas expansion

The Guardian - UK

Locals told to shelter after huge explosion at Texas oil refinery

IN FULL

The Independent UK

The Oil Crisis You Haven't Heard About: Why Vietnam, Bangladesh, and the Philippines Face an Energy Emergency

The US-Israel-Iran conflict impacts global oil markets, causing fuel shortages in Southeast Asia. Discover how Vietnam, Bangladesh, and the Philippines manage the crisis and its effect on supply chains and oil prices.

International Business Times UK

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

Valero Oil Refinery Explosion: Why the Fire Could Send Shockwaves Through US Gas Pumps

A massive explosion at Valero Oil Refinery in Port Arthur, Texas, has caused a fire and economic concerns. Learn about the impact on gas prices and the ongoing investigation.

International Business Times UK

Energy price shock and interest rate rises could cause ‘pronounced’ UK recession, economist warns – as it happened

Morgan Stanley warns that UK could fall into a recession at the turn of the year, if energy prices remain high and Bank of England hikes interest rates

The Guardian - UK

Trump Pauses Iran Strikes for Five Days After Announcing 'Productive Talks' — But Iran Denies Any Direct Contact

Stay updated on the US-Iran conflict as President Trump pauses military action, claiming productive talks despite Tehran's denial. Learn how this affects global oil prices and market trends.

International Business Times UK

Is Ghalibaf Iran’s next leader backed by US? Who Trump is really talking to

The Trump administration is reportedly exploring Iran’s parliament speaker Mohammad Bagher Ghalibaf as a potential interlocutor — and even a possible future leader — as it signals a shift from military pressure to a negotiated endgame.

The Times of India

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Business Brief (March 24): China Adjusts Fuel Prices Amid Middle East Tensions

China responds to Iran oil security question; Chinese drone maker DJI sues Insta360 over patents it says involve core technology

Caixin Global

Politics latest: Reeves’ energy bill support plan branded ‘unbelievably weak’ and ‘waste of time’

Zak Polanski says chancellor ‘does not understand the scale of the cost of living crisis about to hit this country".

The Independent UK

FTSE 100 Live 24 March: Shares mixed as oil tops $100, manufacturing costs soar

The oil price today stayed above $100 a barrel amid mixed signals over the Middle East conflict.

Evening Standard

Iran launches strikes against Israel and Gulf states after denying talks with US

Tehran continued to launch strikes against targets in the region, after denying the US president's claims of "very good" talks between the two sides to end the Iran war.

Euronews

US-Iran War Update: Could Trump's 'Strait of Hormuz Will Open Soon' Claim Signal a Peace Overture or a Bluff?

President Trump's potential peace move with Iran and its impact on the Strait of Hormuz. How this could affect global oil prices

International Business Times UK

Weaponising Strait of Hormuz is 'economic terrorism': UAE minister warns of global fallout

Dr Sultan bin Ahmed Al Jaber, UAE Minister of Industry and Advanced Technology, and Managing Director and Group CEO of the Abu Dhabi National Oil Company (ADNOC) said on Monday that weaponising the Strait of Hormuz is an act of 'economic terrorism' while highlighting the global consequences that affect far…

The Times of India

Joe Woodhouse’s recipes for orecchiette with chickpeas, and polenta chips with saucy chickpeas

A speedy sauce for pasta lovers and a wholesome plateful of pulses served with a crunchy alternative to home fries and a vibrant green sauce

The Guardian - UK

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news in one place.

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The Independent UK

Spring has arrived: These are the vegetable recipes to cook right now

As British spring begins, it’s time to swap slow winter cooking for something fresher. These simple recipes – from a bright asparagus tart to a rustic galette and a classic quiche – make the most of the season’s best vegetables, with just enough richness to still feel satisfying

The Conversation

Australia has plenty of diesel for now. But running out could upend our economy

It’s been hard to ignore growing fears of a looming fuel shortage in Australia. Conflict in the Middle East has led to what the International Energy Agency has called the “largest supply disruption in the history of the global oil market”.

The Guardian - AU

Japan to begin biggest-ever oil release from national reserves as Middle East energy crisis bites

PM Sanae Takaichi says about 80m barrels of stockpiled oil to be provided to refiners – equivalent to 45 days of domestic demand

The Independent UK

Iran-US war latest: Oil prices fall after Trump offers ‘15-point’ peace plan and rules out Iran nukes

The Pentagon reportedly ordered about 2,000 soldiers from the 82nd Airborne Division to begin moving to the Middle East

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news in one place.

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The Independent UK

Major explosion at Texas oil refinery sparks huge fire as locals told to shelter

Officials confirmed that no injuries were reported despite the dramatic scenes

The Independent UK

UK urged to boost oil and gas production from North Sea

IN FULL

The Guardian - UK

‘We consider every mile we drive’: how fuel shortages are affecting readers worldwide

From a shop owner in India to a community worker in New South Wales, rising fuel prices are forcing people to ration oil usage

The Guardian - UK

Trump’s ‘very good’ talks with Iran buy him time with oil and energy markets

Tehran denied negotiations that delayed US strikes and Trump was vague on the details, but talks signal renewed push for peace from regional powers

The Guardian - UK

Ministers rebuff trade body’s call to boost North Sea oil and gas production

Government emphasises need to ‘get off the rollercoaster of fossil fuel markets’ in response to Offshore Energies UK

The Independent UK

UK warned it must ‘urgently’ drill in North Sea to boost oil and gas supplies

A new report from OEUK urges the British Government to safeguard the nation's energy supply amid global instability

The Independent UK

Chancellor urged not to ‘leave citizens in the cold’ over rising bills

The US-Israeli offensive against Iran saw a spike in oil prices.

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