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Search Results for Oil prices

British Petroleum (BP)
Business

BP faces 'obscene profits' backlash after Middle East conflict fuels $8.46bn windfall

The oil giant recorded its highest quarterly earnings in 18 years as disruption to global energy supplies boosted refining margins, drawing criticism from climate campaigners.

Trump's Iran strike
Business

Oil prices jump as Trump considers renewed Iran strikes. Here’s what could happen next

Renewed fears of US military action against Iran are pushing oil, fuel prices and borrowing costs higher, while investors brace for another shock to the global economy

UK diesel price
UK

G7 agrees 100 million-barrel oil release as diesel prices surge

The coordinated release will include a substantial amount of diesel in the coming days, as the UK sees pump prices climb above £2 a litre

UK diesel price
Business

UK diesel price hits record £1.99 a litre as drivers face another fuel duty rise

The average price of diesel has reached 199.18p a litre, surpassing the previous record set in 2022 as the Iran conflict continues to push up global oil and fuel costs

UK price rise
Business

The Iran conflict has cost Britain almost £10bn: Households face another £373m a week

Higher oil and gas prices have already added £4.7bn to road fuel costs, while another £5bn in energy costs is expected to feed through to household and business bills

Bank-of-England
Business

Bank of England set to hold rates despite rebound in oil and gas prices

British inflation has so far remained below the BoE's forecasts, falling to a 15-month low of 2.6 per cent in June.

Mortgage rate
UK

How a conflict thousands of miles away is pushing up UK mortgages

Rising oil prices and fading hopes of interest rate cuts are pushing mortgage rates higher again, reversing weeks of easing for UK borrowers

Oil prices
Business

Oil prices hit three-month low as shares rally on Hormuz reopening hopes

Markets rallied after Washington and Tehran signalled a breakthrough to end months of conflict

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