Rough ride on the wallet in prospect at the forecourts
But until a buyer is found for the Coryton refinery in Essex, it could be a rougher ride than ever on the wallet at the garage forecourts across London and south eastern England.
Khalid Sheikh Mohammed and four others who say they planned the 9/11 attacks on New York and Washington appear in a military court charged with murdering 2,976 people.
The intrigue swirling around Colonel Muammar Gaddafi’s former oil minister has followed him to Austria, where his body was found in the River Danube on Sunday. Police say he drowned.
Spanish oil giant Repsol has demanded $10bn in compensation from Argentina if it goes ahead with plans to nationalise YPF.
George Osborne infuriates environmental campaigners after he announces £3bn in tax breaks for new drilling in the North Sea. Science Editor Tom Clarke reports.
Thousands of jobs could be created by abolishing Britain’s high fuel duties, campaigners claim in a meeting with a treasury minister.
The EU oil embargo on Iran shows how “black gold” can determine the decision-making of countries across the globe. But what does the future hold? Channel 4 News speaks to the experts.
But until a buyer is found for the Coryton refinery in Essex, it could be a rougher ride than ever on the wallet at the garage forecourts across London and south eastern England.
Just 28 miles east of London, the giant Coryton oil refinery is shutting down. None of this is going to make filling up that tank any cheaper.
Jobs are at risk and petrol supplies in the south east could be hit as the Coryton oil refinery stops production. But the energy minister tells Channel 4 News talk of panic buying is premature.
It’s all brinkmanship, and goes to prove how the volatile politics of the Middle East affects all of our lives, writes Channel 4 News International Editor Lindsey Hilsum.
Amid continued sabre-rattling from Tehran and the west over an EU oil embargo and the free movement of oil ships through the Straits of Hormuz, Channel 4 News looks at the increasing tension.
Tehran says it has successfully test-fired two long-range missiles during military exercises in the Gulf, amid rising tensions between the west and Iran over its nuclear programme.
Defence analyst Anthony Tucker-Jones looks at the uncertain future facing Iraq and the wider region as US troops prepare to withdraw from the country at the end of this month.
David Cameron has given BP permission to begin a new £4.5bn oil project west of the Shetland Islands. BP says the investment will end a “decade of decline” in the industry.
Drivers stung by high fuel prices have cut petrol use by 15 per cent since the credit crunch hit, new figures show. The AA tells Channel 4 News it is a welcome environmental boost – but at a price.