All news on the topic: Oil prices

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Aramco reports $121 billion profit as lower energy prices see drop in revenues
Saudi oil giant Aramco on Sunday reported it made $121 billion in profit last year, down from its 2022 record due to lower energy prices
1226
European Central Bank unlikely to cut interest rates as economy stalls
Europe's energy crisis sparked by Russia's war in Ukraine has eased and Inflation is down from its painful double-digit peak, but there likely won't be an interest rate cut at the European Central Bank's meeting
742
Petrol up 4p a litre as biggest rise in four years punishes drivers
The largest monthly jump in fuel prices in two years has hit motorists, with costs driven cuts in production by Russia and Saudi Arabia and wars in Ukraine and Gaza
913
'Budget 2024: Steal from Starmer, cut common sense, and overspend on hot air'
Jeremy Hunt's Budget on Wednesday will bore the pants off you, says Fleet Street Fox. Here's what you'll miss
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BP profits halve in 2023 but beat expectations as it announces £2.8bn buyback
The oil giant reported underling replacement cost profits the company's preferred measure of £11bn
438
Shell earnings: Profits decrease to £22bn due to falling oil and gas prices
The oil giant reported adjusted earnings, including taxes, of 28.3 billion US dollars (£22.4 billion) for 2023, down 29% on 2022
703
Criminal gangs raiding pubs and supermarkets for 'liquid gold' cooking oil
After oil prices doubled since Russia's invasion of Ukraine at the beginning of 2022, criminals have turned to stealing cooking oil from restaurants and pubs to turn into biofuel
1082
Houthi rebels 'eager to take US on' and escalate conflict after missile strikes
The Red Sea route is a crucial waterway, and Houthis attacks there have caused severe disruptions to global trade. Further attacks in the region could see a "tit-for-tat" retaliation towards the US
397
Psychic who 'predicted Covid' forecasts 'heartache' for 2024
Nicolas Aujula forecasts another stressful year for the Royal Family and a major milestone for Donald Trump, while he believes 'extreme, far-right politics will make a dark comeback' in 2024
405
Family food bills increase by £605 due to climate change and energy costs
The average family food bill has gone up by £605 over the past two years - £361 of the increase was attributable to climate change
1009
UK hits Russia with new sanctions as Putin's war sees gold and oil targeted
Vladimir Putin's invasion of Ukraine, launched in February 2022, has seen the western world impose huge wide-ranging sanctions on Russia and its economy. Even more have been announced today targeting Kremlin-backed gold and oil
617
FTSE 100 gets off to a strong start as miners and energy stocks rally
European markets have got off to a strong start this week with London's top index helped by a strong session for miners and energy stocks
987
What the current banking turmoil means for you, your mortgage and your pension
Financial authorities are now trying to prevent problems spreading throughout the global banking system and a repeat of the disastrous financial meltdown of 2008
594
Shell profits soar to £32billion as millions struggling to pay energy bills
The latest figures follow MPs hearing that around 12 million households are now spending more than 10% of their income on energy bills - the previous definition of fuel poverty
1193
Oil giants making £5,000 profit per second while millions struggle to heat homes
Five of the world's biggest oil companies are expected to reveal profits equating to £5,000 a second between them while millions continue to struggle with rising energy bills