Oil Crisis

Pollution and poverty stain a land divided by oil

Amid the serpentine creeks and rivers; in the ramshackle wooden huts perched on stilts above the oozing mud; among the muddy puddles where children gather to collect drinking water, there is little hint of the vast oil wealth on which the entire Niger Delta is sitting.

Inside Oil Crisis

California to shame the owners of gas-guzzlers

Wednesday, 9 July 2008

As if sky-rocketing petrol prices weren't already hurting them enough, the drivers of America's fleet of Hummers, monster trucks, and gas-guzzling SUVs are about to suffer sustained public humiliation, courtesy of the green lobby.

Oil and gas chief calls for North Sea incentives

Wednesday, 9 July 2008

The offshore oil and gas industry has called on the Government to boost incentives for North Sea exploration so that up to 25 billion barrels of oil and gas can be recovered.

UK proceeds 'cautiously' with biofuel introduction

Tuesday, 8 July 2008

The Government will "proceed cautiously" over the introduction of biofuels, after a report found they could be increasing greenhouse gas emissions and contributing to food price rises.

Oil soars to record $146 a barrel

Thursday, 3 July 2008

Europe's major stock markets were nursing falls of around 1 per cent today as record oil prices overshadowed trading.

BP chief blames states, not speculators, for record oil prices

Tuesday, 1 July 2008

The oil price touched yet another new high yesterday, serving as a dramatic backdrop for the second meeting of the industry's top figures in two weeks as they desperately look for a solution to a problem that is sending deep reverberations throughout the world economy.

Sean O'Grady: A freeze in fuel duty will do little to ease motorists' pain

Tuesday, 1 July 2008

Like a driver trying to catch the tail of his car in a nasty skid, Britain's motorists should know that, when it comes to the cost of running their cars, things are likely to get alarmingly out of control before some sort of calm returns.

Oil and food price increases push eurozone inflation to 4 per cent

Tuesday, 1 July 2008

Inflation in the eurozone has reached 4 per cent for the first time in the single currency's history. The "flash" preliminary estimate of price increases for June across the 15-nation single currency area stands at 4 per cent – higher than expected, and up from the 3.7 per cent recorded in May.

Redrawing frontiers: Natural resources firms

Wednesday, 25 June 2008

BG's hostile bid for Origin is just one more example of how far natural resources firms can, and will, go to secure supplies now that oil and gas prices are at record highs. By Danny Fortson

Price of diesel reaches £6 a gallon for the first time

Wednesday, 25 June 2008

Diesel is selling at more than £6 a gallon for the first time. The monitoring website PetrolPrices.com said prices have reached an average of 131.9p a litre. Scottish motorists are facing the highest average price of 132.8p. The website also claims that unleaded petrol has reached a new high, at 118.6p a litre.

Oil continues to rise as Nigerian rebels attack Shell platform 120 miles offshore

Tuesday, 24 June 2008

The market took little comfort from Saudi Arabia's pledge for an incremental increase in oil production at the weekend as the price reversed its fall in recent days to rise to $136.45 per barrel, just a few dollars off its record high.

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