Government report explains why petrol prices are so high

This report also considers means to stop retailers taking advantage of drivers’ pockets

Oil prices ‘could reach “stratospheric” $380 a barrel if Russia cuts supplies further’

Russia could reduce exports in response to the proposed price cap on oil

G7 look to hit Russia with oil price cap

The nations are hopeful this will prevent further financing of the war in Ukraine

Taiwan receives ‘carbon-neutral’ crude oil from Azerbaijan

All associated emissions have been offset for the transaction

Shell finishes deal to sell retail and lubricants business in Russia

The company’s Russian retail stations and lubricants business have been sold to LUKOIL

Shell agrees to sell its Russian petrol stations

LUKOIL will buy Shell’s Russian retail and lubricants businesses

Biden orders ‘unprecedented and largest ever’ release of US oil reserves

The president plans to release one million barrels of crude oil daily for six months starting in May

Cambo oil field given two-year licence-extension

Shell told ELN the company will “evaluate all potential future options for the project”

MPs told petrol could hit ‘£2.50 per litre’

Diesel rising to £3 per litre is also ‘definitely in the realms of possibility’ according to experts

“Doesn’t Russian oil smell of Ukrainian blood for you?”

Ukraine’s Foreign Minister has criticised Shell for buying oil from Russia