UK Finance Minister Reeves announced support for consumers and energy-intensive sectors like chemicals and ceramics amid rising energy costs from the Iran conflict. Measures include food tariff suspen
UK Finance Minister Reeves directed supermarkets to pass on savings from reduced food tariffs to consumers following duty cuts on over 100 products. Retailers rejected price cap proposals, highlightin
Viva Energy anticipates restarting the residue catalytic cracking unit at its Geelong Refinery in June following an April fire. Production is expected to reach over 90% capacity, aiding supply amid gl
Expand Energy raised its 2026 production and capital spending forecasts after beating Q1 profit estimates driven by higher natural gas prices. The company plans to invest $2.85 billion and secured an
Viva Energy Group expects its Geelong refinery to resume 90% capacity within weeks after a fire disrupted fuel production. While shares dropped 9.5%, the company confirmed sufficient inventories to pr
UK Chancellor Rachel Reeves plans to decouple electricity prices from gas costs to stabilize bills. The government also aims to encourage investment in North Sea oil and gas tiebacks to increase domes
UK Chancellor Rachel Reeves expanded the Industrial Competitiveness Scheme to 10,000 energy-intensive businesses, aiming to cut bills by 25% amidst rising costs from Middle East conflicts. Critics urg
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