Petrol-diesel gap now at record 20p

Experts say the wholesale price for diesel has skyrocketed after OPEC’s decision to cut oil production

OPEC+ decision will drive energy prices up, say analysts

The organisation has announced it will cut oil output by two million barrels a day

Energy giants pen $4bn Algeria oil and gas contract

The contract that will last more than two decades will see companies increase oil and gas production in Eastern Algeria fields

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

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

“The UK could be wholly dependent on oil and gas imports within 15 years”

The government has been criticised over lack of commitment to the oil and gas industry’s future

UK charity rejects £750k Ukraine donation from oil and gas company

Save The Children has reportedly refused Neptune Energy’s donation as part of its new policy not to take money from fossil fuel firms

Newly approved North Sea oil field sparks fury

Green groups criticised the government for undermining the UK’s climate targets

Chinese and French giants seal $10bn deal for Uganda oil project

The project includes oil fields and pipeline network in Uganda and Tanzania

‘Oil companies must plan major production drop by 2030s to meet 1.5°C’

ELN spoke to Axel Dalman, Carbon Tracker Associate Analyst, about the findings of the latest report of the financial think tank