The Latest Breaking News from Oil

Climate campaigners warned the UK's energy system was "fundamentally broken" as ordinary people struggle to afford to heat their homes.

Pre-open movers

In the six months since Russian forces started bombarding Ukrainian cities with artillery and missile strikes, the United States and its European allies have stuck with a two-pronged strategy against Russia: provide Kyiv with the military equipment it needs to stall and potentially reverse Russian military advances on the ground,…

The oil and gas giant has announced a 10% rise in shareholder dividends

BP today racked up profits of $8.5 billion (£6.95 billion), up more than a third on the previous quarter after a continued surge in oil prices.

The company has cashed in on high oil and gas prices

Labour says government is ‘totally wrong’ to give tax breaks to oil companies amid cost of living crisis

BP's financial performance has gone through the roof thanks to soaring oil and gas prices due to the war in Ukraine as they've already raked in £5billion in profits in the first three months of the year - which is more than double the £2.3bn earned in the same period…

There are signs inflation pressures are easing. Oil prices are down almost 20% on their peak in March. They’ve been falling consistently for a month.