Police in the Highlands area of Scotland have recorded more than 60 occurrences of home heating oil theft this year, it has emerged.According to the Press and Journal, the figure is already nearly three times the total number (22) for the region in 2007.Chief Inspector Paul Eddington of the Northern... More
Oil prices have risen amid claims that a Nigerian militant group has attacked pipelines.The Movement for the Emancipation of the Niger Delta (Mend) said in an email that it had inflicted damage on two lines, both owned by Royal Dutch Shell."In keeping with our pledge to resume pipeline attacks ... More
The price of oil has risen following threats on major pipelines in Nigeria.Militant group the Movement for the Emancipation of the Niger Delta issued a statement in response to claims it had received payment to protect the lines, saying: "[To prove] we are not a part of this deal, the Chanomi C... More
Oil prices have continued to fall, dropping below the $125 (€79.67) per barrel mark.A report by the US Energy Department found that demand had declined in recent weeks, contributing to a drop in the cost of a barrel of light, sweet crude by nearly $4 yesterday.The closing price of $124.44 repre... More
The Centre for Global Energy Studies (CGES) has produced its monthly oil market report, calling on producers to make crude oil more affordable.It said Opec, the world's largest oil producing cartel, should offer its heavy, sour crude at lower prices, the Economic Times reports.Heavy grades cost more... More
The rising cost of oil and subsequent increase in petrol and diesel prices has led to a doubling in the number of vehicles breaking down as a result of fuel thefts.Figures released by the RAC demonstrated that a significant increase in incidences had occurred across the UK, with Greater London seein... More
The failure to bring about a resolution in talks over Iran's nuclear programme has prompted an increase in oil prices.Last week the market saw a record drop in the cost of a barrel, but as tensions in the Middle East return, prices are once more nearing $130 (£65.26) in New York, according to R... More
Oil prices have risen again slightly, after three days of falling brought the cost of a barrel to below $130 (£65.29).A ten per cent slide has been halted, with Reuters reporting the price to be up $1.43 to $130.72 this morning.The news will interest home heating oil customers, who will see pri... More
Oil prices have dropped by $6 (£2.99) - the largest fall in one day for 17 years.In news that could benefit home heating oil users, a barrel of the commodity slipped by $6.44 or 4.4 per cent on Tuesday.This is the biggest fall since 1991 when oil prices were over $100 cheaper than today's price... More
Oil prices have dropped by $6 (£2.99) - the largest fall in one day for 17 years.In news that could benefit home heating oil users, a barrel of the commodity slipped by $6.44 or 4.4 per cent on Tuesday.This is the biggest fall since 1991 when oil prices were over $100 cheaper than today's price... More
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