The Latest Breaking News from Oil

The United States on Thursday imposed sanctions on over a dozen companies based in China, Hong Kong and the United Arab Emirates that Washington accused of facilitating the sale of Iranian petrochemicals and petroleum products to buyers in East Asia. The latest US move against Iranian oil smuggling comes as…

The UK government has increased its 25% levy on oil and gas companies – the UK energy profits levy – to 35% from January 2023 as part of its November 17 Autumn statement. The scheme has also been extended by two years to March 2028. Combined with a new 45%…

The windfall tax on renewables, biomass and nuclear power generators will be set at 45%, Jeremy Hunt announced in his autumn statement.

My tuna-hating husband went back for seconds of this garlicky, salty dinner winner

The support payment has been doubled and now will apply to all households

The African civet — an animal closely related to the mongoose and widely distributed in sub-Saharan Africa — is among four mammals known to secrete scented compounds. Civets produce this “musk” to mark territory and communicate among themselves and other animals. It recently appeared in the news because when the…

Autumn statement backs nuclear power and offshore wind, but says nothing on onshore wind and solar

The chancellor has presented the government’s economic plans as Britain suffers the highest inflation for 40 years

What’s the cheapest, quickest way to reduce climate change without roiling the economy? In the United States, it may be by reducing methane emissions from the oil and gas industry.

There is little doubt that Kassym-Jomart Tokayev will extend his rule over Kazakhstan by seven years in presidential elections on Sunday. What is less clear is how the former diplomat can reduce his resource-rich country's dependence on Russia without alienating it.

Jeremy Hunt proposes to raise £14bn by also raising levy to 35% and extending it by two years