Major financial institutions, including Barclays, Lloyds, NatWest have reportedly been invited by the Treasury for discussions aimed at revitalising investments in North Sea oil and gas ventures

Slovakia, Czech Republic and Hungary are expected to be affected by the suspended Russian oil pipeline flows

Russia was the largest supplier of petroleum to Europe in 2021, according to a new report

The country is nearly 91% dependent on imported oil, a public policy think tank has warned

Biomethane could provide a sustainable way to help the UK phase out Russian gas, ADBA Chief Executive has said

The government will work with companies through a new Taskforce on Oil to support them during this period in finding alternative supplies

A $1 decline in global prices of crude oil reduces India’s import bill by $1.5 billion, states the Confederation of Indian Industry

The UK’s oil imports could be slashed in half if a “stronger” target for electric vehicles (EVs) was in place. New analysis suggests while the government’s plan to ban new petrol and diesel vehicles by 2040 is a step in the right direction, a more ambitious goal is needed to bring forward public health and […]

Oil imports to the US could fall to zero by 2037 as a result of increased production, according to a new report. The Energy Information Administration (EIA) reveals US production of oil has risen “dramatically” in the past few years, from less than one million barrels per day (MMbbl/d) in 2010 to more than three […]