Oil

Strait of Hormuz crisis underscores importance of energy resilience, says McKinsey

7 days ago4 days ago4 mins

While the global energy market has proven ‘surprisingly resilient’ following the crisis in the Strait of Hormuz, the buffers that…

Oil and gas firms continue to see carbon capture, utilisation, and storage (CCUS) as a key decarbonisation pathway, along with businesses in other hard-to-abate sectors such as cement and steel, a new report by GlobalData has found.

Oil and gas companies among the key adopters of CCUS

1 month ago1 month ago3 mins

Oil and gas firms continue to see carbon capture, utilisation, and storage (CCUS) as a key decarbonisation pathway, along with…

Eight major oil companies generated €7.5 billion in excess profits in Europe in the first half of 2026, off the back of volatility in the Middle East, new analysis from Transport & Environment (T&E) has found.

Major oil companies made €7.5 billion in excess profits in the first half of 2026

1 month ago1 month ago4 mins

Eight major oil companies generated €7.5 billion in excess profits in Europe in the first half of 2026, off the…

Major oil and gas companies are planing to increase their upstream production over the coming years, despite public commitments to support the low-carbon transition, new research by the TPI Global Climate Transition Centre (TPI Centre) at the London School of Economics and Political Science has found.

Oil and gas firms planning to ramp up production despite climate commitments, study finds

3 months ago3 months ago4 mins

Major oil and gas companies are planning to increase their upstream production over the coming years, despite public commitments to…

Global biofuel consumption is set to rise by 30% this year, and could increase by as much as 70% by 2030, as demand increases amid rising oil costs, Transport & Environment (T&E) has said.

Global demand for biofuels set to rise sharply as decade progresses

4 months ago4 months ago4 mins

Global biofuel consumption is set to rise by 30% this year, and could increase by as much as 70% by…

While oil and gas firms are continuing to invest in renewable energy, their investment strategies are likely to 'remain cautious' amid regulatory uncertainty and rising project costs, according to GlobalData.

Oil and gas firms’ investment in renewables likely to remain ‘cautious’, says GlobalData

4 months ago4 months ago3 mins

While oil and gas firms are continuing to invest in renewable energy, their investment strategies are likely to ‘remain cautious’…

Markets were dominated by extreme geopolitical volatility in early April as tensions between the United States, Iran and Israel repeatedly escalated and de-escalated around control of the Strait of Hormuz, driving sharp swings in energy prices and risk sentiment.

‘Business as usual’ no longer an option for energy procurement

5 months ago5 months ago5 mins

Op-ed by Conor Klaptayj, strategic risk manager, Consultus International. Markets were dominated by extreme geopolitical volatility in early April as…

Investment in electrification is being held back by grid bottlenecks, high electricity costs and policy uncertainty, according to a new policy brief by the World Business Council for Sustainable Development (WBCSD).

Majority of firms across energy, oil and gas sectors expect increased supply chain risk

5 months ago5 months ago4 mins

The majority of organisations in the energy, oil and gas sectors expect supply chain risk levels to increase over the…

Activist group 350.org has said that while the announcement of a two-week ceasefire between the United States and Iran is welcome, 'fossilflation' – inflation caused by the rising price of oil and gas – is likely to continue.

Governments need to use oil and gas price rises to ‘double down’ on renewables, says 350.org

6 months ago6 months ago4 mins

Activist group 350.org has said that while the announcement of a two-week ceasefire between the United States and Iran is…

What countries are likely to be most affected by the growing energy crisis?