Energy Prices News

New attacks on shipping in the Strait of Hormuz, including a projectile hit on a vessel and a prior drone attack, are fueling fears over global oil supplies. In

Soaring oil, gas, and diesel prices are prompting central banks and governments to re-evaluate the economic impact of conflicts in Iran and Ukraine, signaling a

ECB policymaker Joachim Nagel stated that the central bank might need to implement further interest rate hikes if high energy prices persist, potentially leadin

Families are facing a dilemma over buying heating oil now or waiting, as prices have nearly doubled in the last 12 months due to the conflict in the Middle East

Iran launched ballistic missiles at a US military base in Jordan, with most intercepted by Jordan's air defenses, causing Brent crude prices to rise and escalat

Wall Street is on edge as upcoming inflation data, including the Producer Price Index and Consumer Price Index for August, will influence the Federal Reserve's

The upcoming July CPI Report is anticipated to show a decrease in energy prices, which have been volatile due to the conflict with Iran, causing fluctuations in

U.S. diesel prices have reached a new high, surpassing the record set in 2022 after Russia's invasion of Ukraine, due to the ongoing war in Iran.

Households in Great Britain can now directly plug approved solar systems into sockets, though widespread adoption of these bargain-priced kits may take more tim

Gold maintained its gains after US President Donald Trump's comments suggested he would not pursue prolonged military action in the Middle East. This eased conc

New Chancellor John Healey urged his counterparts to increase international cooperation on the Middle East and energy prices upon his arrival at his first G20 s

Chancellor John Healey urged for increased international cooperation to address global challenges, including the Middle East and energy prices, as he arrived at

Indian stock market indices, Sensex and Nifty 50, are predicted to open lower on August 31 due to weak global cues and geopolitical tensions between the US and

President Trump announced that the US has reached an agreement with Venezuela to take control of 65 billion barrels of oil reserves, hailing it as "the biggest

Households could save £110 annually with new DIY plug-in solar panels, which are being introduced as energy prices are expected to reach a three-year high this

Millions of households are expected to face rising winter energy prices, reaching a three-year high, due to an increase in the energy price cap set by regulator

Voter dissatisfaction regarding the Iran war is jeopardizing Republican Congressman Mike Lawler's re-election prospects, as former President Trump's approval ra

Wholesale electricity prices have surged by 56% in the 12 months leading up to July, with a 14.8% increase in July alone compared to June, according to new figu

Inflation has risen to its highest level since March, primarily driven by soaring energy prices, moving further away from the Bank of England's target.

US gas prices have reached their highest August levels on record, with the national average at $4.06 per gallon, following stalled peace talks between the US an

Rising energy prices in Cambodia are forcing children living on Tonle Sap lake to sacrifice their education and work to help their families cover increased fuel

The Swiss economy experienced its fastest growth rate since 2021, with GDP surging 1.5% quarter-on-quarter, largely due to its resilience against energy price s

The UK's economic growth slowed to 0.4% in the second quarter of the year, down from 0.6% in the first quarter, as reported by the Office for National Statistic

Iran has rejected Trump's claim to control Hormuz, stating that the strait will remain closed until the US meets its demands and changes its behavior, amidst ri