The Ministry of Defence said it was ‘concerned’ by the action.Read the full story ›
The US military released a video said to show an unexploded limpet mine being removed from one of the tankers attacked in the Gulf.Read the full story ›
The incident comes after the US alleged that Iran used mines to attack four oil tankers off the nearby Emirati port of Fujairah last month.Read the full story ›
Another was seriously injured in the blast and subsequent fire in 2011 at what was then Chevron’s Amine Recovery Unit in Pembroke Dock.Read the full story ›
Oil giant Shell saw its profits soar to £8.5 billion in 2017, more than double what they were in the previous year.Read the full story ›
As the government agrees a deal to give Aberdeen £500 million, Martin Geissler speaks to those hit hardest by the North Sea oil slump.Read the full story ›
A deal to invest £250 million in north-east Scotland's economy will be signed on Thursday.Read the full story ›
Oil prices are unlikely to rise above $100 per barrel for "a very long time", BP's chief executive told ITV News, as stock markets tumbled.Read the full story ›
Oil prices dropped below $28 a barrel on Monday - hitting the lowest price since 2003.
Iran is now able to export more oil following the lifting of sanctions against the country over the weekend, which could add to the oversupply which is hitting prices.
Barclays analysts said "Iranian exports come at a very bad time". Prices have been pulled down by over 75% since mid-2014 and by over 25% since the start of 2016.
The price of Brent crude oil fell to $27.67 a barrel earlier today.