Business
Nine big oil firms on track to share more than £95bn profit two quarters in a row
Windfall for oil corporations such Saudi Aramco and BP comes on back of soaring fuel prices driven by Iran war
Energy industry
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Shell profits double to $10.8bn as Iran war pushes up margin on oil
Energy firm to return $5bn to shareholders as climate campaigners criticise high profits
Business
John Healey to end standing charges on gas bills for 23m homes
On budget day chancellor says he will ask Ofgem to remove ‘unfair and outdated’ fixed daily fee in 2027 or soo...
Business
Some of Europe’s highest energy costs expected in Britain this winter
Official forecasts show country will meet energy demand by paying high prices to secure imports
Business
Britain’s gas security needs reinforcement. Last-minute deals with Belgium are not a proper fix
The UK still imports 60% of its gas and, even with Jackdaw, its energy supply and resilience problems are not...
Business
‘From liabilities to goldmines’: refineries eye record profits from diesel shortage
Firms turning crude oil into the ‘workhorse’ fuel stand to gain most despite economic fallout from record pric...
Business
Total UK government debt hits £3tn for first time while inflation jumps to highest in nearly a year – as it happened
French government bond yields highest since 2002 as country rocked by protests; UK approves controversial Nort...
Business
Electricity costs put UK steelmakers in worst position in three years against EU rivals
Premium paid over French counterparts has risen to almost £30 a megawatt hour, analysis by lobby group finds
Business
Jackdaw approval is a step towards a grownup North Sea policy
Government decision is about how much oil and gas is sensible for UK to produce on the way to net zero
Business
Cost of balancing Great Britain’s power grid reaches nearly £50m a day
Grid operator paying large sums to switch off windfarms in areas of excess electricity generation while turnin...
Business
Ofgem could force energy suppliers to pay rivals if they lure customers with cheaper deals
Regulator for Great Britain weighs up reintroducing market stabilisation charge to prevent firms going bust
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Record fuel prices across EU prompt calls for bloc-wide windfall tax on firms
German minister says companies are ‘exploiting situation’ in Middle East, as sky-high prices become major dome...