Oil

Reeves calls for Middle East de-escalation amid oil price fears | Economic policy

Leave a Comment / Business, Economic policy, Energy industry, Jonathan Reynolds, Middle East and north Africa, Oil, Politics, Rachel Reeves, UK news, World news /

Rachel Reeves has called for de-escalation of the conflict in the Middle East, warning that rising global oil prices could hit the UK economy as she unveiled Labour’s long-awaited industrial strategy. Launching the policy package at an engineering business in Nuneaton alongside Keir Starmer and the business secretary, Jonathan Reynolds, Reeves acknowledged the potential impact […]

Reeves calls for Middle East de-escalation amid oil price fears | Economic policy Read More »

UK ministers to restart approval process for two North Sea oilfields | Oil

Leave a Comment / Business, Energy, Environment, Fossil fuels, Green politics, Oil, Politics, Scotland, UK news /

Ministers will restart the approval process for two controversial oilfields on Thursday, even as new figures show the UK will be almost entirely dependent on foreign gas by 2050 regardless of whether they are approved. Michael Shanks, the energy security minister, will on Thursday announce the results of a government consultation on the giant Rosebank

UK ministers to restart approval process for two North Sea oilfields | Oil Read More »

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