THE windfall tax on bumper North Sea oil and gas profits “retains the support of the public,” according to a new poll ...

THE windfall tax “retains the support of the public”, after a new poll found twice as many people support it than oppose the ...

Gas prices tripled in 2022, which was the last time an international conflict hit energy markets. Experts say it may happen again due to the Iran war.

The war in Iran has once again exposed how vulnerable the world’s energy markets are to geopolitical disruption. In wild swings, benchmark crude oil prices spiked as high as US$120 per barrel, roughly ...

The EPL came into force in 2022 in the wake of the Russian invasion of Ukraine, which sparked a rise in energy prices.

The UK should optimise North Sea oil and gas production while it transfers to renewables and nuclear developments ...

Campaigners say a tax on the huge profits made by banks would have offset the need for freezing income tax and National Insurance thresholds, which are putting a financial squeeze on ordinary workers ...

The UK Treasury is considering scrapping a windfall tax on North Sea oil and gas following persistent pushback from producers, according to a person familiar with the matter.

Donald Trump called for the UK to 'open up the North Sea' to boost production in response to soaring oil and gas prices triggered by the war with Iran.