Oil prices rose again and are now more than 4% up on the week, as a global energy crunch has boosted prices to their highest for years and prompted China to demand increased coal production.

Equinor believes it has the edge in the race to commercialize the industry because it leaks less methane than its rivals.

Investigators searching for the cause of an oil pipeline rupture off the Southern California coast have pointed to the possibility that a ship anchor dragged the line across the seabed and cracked it.

Russian President Vladimir Putin has blamed the transition to green energy and low investment in the extraction industries for what he said were "hysteria and some confusion" on European markets where energy prices are surging

Shortages of CO2 will likely push up a wide range of grocery items because Ireland imports a big range of supermarket dry products from across the Irish Sea.

Gazprom, ConocoPhillips and TotalEnergies are among energy firms expanding their fossil-fuel expansion in the region,  according to  Reclaim Finance.

Shares in Irish-founded exploration company Tullow Oil shot up, by around 5%, on the back of it reporting a return to profit in the first half of this year.

In the US, the S&P 500 and Nasdaq 100 slid after reports of casualties from blasts outside Kabul airport, escalating tensions as the US evacuates the area

Hedge funds and money managers cut net long positions in US crude to the lowest since November as resurgent infections in several countries dampened hopes of a rapid resumption in long-distance air travel

Recent warnings that the world must wean itself off fossil fuels, and fast, have had little effect on the stock prices of energy companies.

Oil plunged to an 11-week low on Monday, extending losses after the worst week since October, as new waves of Covid-19 threatened fuel demand.

There's no fast track to sustainability — but we can take steps now to quit being a mere bystander in global energy markets

An initial payment of £2m has been agreed, and the overall deal is expected to complete by the end of September.

Oil prices dropped by more than $4 a barrel after Opec and allies agreed to boost output, stocking fears of a surplus as rising Covid infections in many countries threaten demand

Dispirited by repression, many Iranians will boycott tomorrow's poll, clearing the path to victory for the leading hardliner

Irish consumer prices surged in May by an annual 1.7% — the fastest pace for over two years.

Hairdressing prices jumped 8.5% while electricty prices are up 9.4%

Oil industry executives are encouraged by a robust rebound from the pandemic in the US, China and Europe

Oil has extended recent gains, topping $72 a barrel for the first time since 2019, as OPEC+ supply discipline and recovering demand countered concerns about patchy Covid vaccination rollout around the globe.

The firm's chairman John Teeling said Ireland is now a “no-go area” for oil and gas development

Prices firmed up today and are expected to stay elevated despite the possible return of Iranian crude to world markets 

Oil prices rose for a third day as the easing of lockdowns in the US and parts of Europe heralded an increase in fuel demand over the summer months, fuelling the prospects for increased energy bills for Irish households and businesses.

The price of crude oil fell sharply with the deteriorating Covid-19 situation in India exacerbating concerns around the near-term trajectory of the global demand recovery ahead of a key meeting of oil supply nations later this week.

Loss caused by a steep rise in the number of infections in the world's third- and fourth-largest oil importers

'Crude prices are declining for a fifth consecutive day as concerns grow that Europe won’t have a regular summer', says analyst

Flogas the sixth supplier in Ireland to announce a price increase in the last two weeks

It takes about two weeks of sustained crude oil price hikes to show up in higher distilled prices at the pump in Ireland and a little longer for energy bills

Shares in Irish exploration company Providence Resources plummeted 14% on fresh complications surrounding the funding of the development of its Barryroe gas field off the Cork coast.

Rescuers saving turtles from a devastating oil spill that has coated Israel’s coast with thick black tar have found an unlikely ally – mayonnaise.

Prospects for the rollout of vaccines to spur economic recovery and in turn to drive the demand for oil has helped to push the price of global crude oil back up in recent weeks

Israel has closed all its Mediterranean beaches until further notice, after an offshore oil spill deposited tar across more than 100 miles of coastline, in what officials are calling one of the country’s worst ecological disasters.

Shares in DCC rose as the Irish fuel-to-healthcare conglomerate said it expects to post better-than-expected operating profit growth for its current financial year.

This would make Ireland the second country in Europe to introduce a definitive ban through legislation on all oil and gas exploration

Shell will present strategy next week that, unlike Total and BP, focuses more on becoming an intermediary between clean power producers and customers

Joe Biden is set to announce a wide-ranging moratorium on new oil and gas leasing on US lands, as his administration moves quickly to reverse Donald Trump’s policies on energy and the environment and address climate change.

Covid disruptions delayed approval of Hibiscus’ asset development plans and United now expects to receive the rest of its money in the second quarter of next year

BP swung back to a small profit in the third quarter but warned the pace of recovery from the pandemic remains uncertain and continued to weigh on fuel demand and refining profits.

The Government has banned the issuance of future oil and gas licences, but drilling can continue on existing licences

Libya’s national oil company announced it was resuming production at the country’s largest oil field as rival officials from eastern and western Libya began peace talks, part of preliminary negotiations ahead a UN-brokered dialogue set to take place ...

Irish exploration company aiming to fast-track production at its flagship Barryroe oil and gas field off the Cork coast 

OPEC prepares for an age of dwindling demand as the pandemic fallout  changes consumer habits for good, leading to permanent demand destruction, Alex Lawler reports

Offshore oil and gas companies operating in Ireland say the current Government formation talks between Fine Gael, Fianna Fáil and the Greens is undermining their sector and will put jobs at risk.

Home heating costs will rise as a carbon tax hike takes effect from today.

Benchmark US crude for May delivery plummeted to a record low below 1.50 dollars per barrel.