The oil crisis fuelled by Russia’s war is evaporating – and so are the profits

25/01/2025 15:00 The Guardian

Results from Shell and Exxon this week will be weaker – and Trump’s desire to drill may result in oversupplyAlmost three years ago, Russia’s invasion of Ukraine wiped out Europe’s largest source of gas and shocked global energy markets, setting the stage for quarter after quarter of better-than-expected earnings for the fossil fuel producers ready to profit from the volatility. Now those returns are beginning to cool.But as markets have reduced to a simmer, oil executives have warned that profits are also going off the boil. A glut of new oil and gas projects, stoked by a pro-fossil-fuel agenda from the White House, could mean weaker markets in the future too. Continue reading...

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Renewable energy investment should come from defence budgets, say retired military leaders

Former European officers say spending on low-carbon power would make nations more resilient to threats from potential aggressorsInvestment in renewable energy should be counted under defence expenditure, says a group of retired senior military personnel, because the climate crisis represents a threa...

23/10/2025 10:00 The Guardian

Russian foreign ministry warns of ‘painful response’ if EU confiscates frozen assets for Ukraine loan – Europe live

European leaders are discussing ‘reparations loan’ proposal in Brussels after EU and US announced new sanctions on Russian energyA Russian drone killed two Ukrainian journalists in the eastern Ukrainian city of Kramatorsk, their news outlet confirmed to AFP on Thursday.Freedom TV, a state-funded...

23/10/2025 09:42 The Guardian

Marco Rubio warns Israel not to annex West Bank after Knesset vote in favour

US secretary of state says preliminary move to apply Israeli law in occupied land is ‘counterproductive’ and a threat to peaceMiddle East crisis – live updatesThe US secretary of state, Marco Rubio, on Wednesday warned Israel against annexing the West Bank, calling lawmakers’ preliminary vot...

23/10/2025 09:31 The Guardian

Israel’s West Bank annexation moves threatening Gaza peace deal, says Marco Rubio – Middle East live

US secretary of state calls Knesset votes on imposing sovereignty ‘counterproductive’ as he begins two-day visit to IsraelOn Thursday, Israel’s supreme court held a hearing into whether to open the Gaza Strip to the international media and gave the state 30 days to present a new position in li...

23/10/2025 08:33 The Guardian

Oil price jumps after Trump imposes sanctions on two Russian producers

Assets in US belonging to Rosneft and Lukoil frozen, and American firms barred from doing business with themBusiness live – latest updatesThe oil price has jumped after Donald Trump announced new sanctions on Russia’s biggest producers, as the US president ramps up pressure on Vladimir Putin to...

23/10/2025 07:31 The Guardian

Catherine Connolly: the outspoken leftwinger set to be Ireland’s next president

Independent candidate’s smooth campaign has enthused younger voters but views on Nato and Hamas may concern European alliesThe lights dimmed and the youthful crowd packed into Vicar Street, a concert venue in inner-city Dublin, eyes locked on the stage.The emcee made barbed jokes about Ireland’s...

23/10/2025 07:00 The Guardian

Thursday briefing: While the ceasefire holds, Gaza continues to starve

In today’s newsletter: With most border crossings remaining closed and aid deliveries falling catastrophically short, will the International Court of Justice’s ruling force change for those left behind?Good morning. In the end, the ruling was both simple and obvious: Israel is the occupying powe...

23/10/2025 05:39 The Guardian

Tens of thousands to attend rival rallies as Hungary’s election campaign kicks off

Budapest marches by ruling Fidesz party and opposition Tisza will take place in a highly polarised political climateTens of thousands of people are expected to turn out for rival rallies by Viktor Orbán’s ruling party and his main opponent as they kick off campaigning for elections next year in a...

23/10/2025 04:00 The Guardian

Labor’s environment law revamp in jeopardy as Coalition dubs it ‘handbrake’ on investment

Sussan Ley’s sharp criticism marks a shift for the opposition, which had appeared open to a deal on the billFollow our Australia news live blog for latest updatesSign up for climate and environment editor Adam Morton’s free Clear Air newsletter hereThe Albanese government’s second attempt at r...

23/10/2025 03:40 The Guardian

US sanctions major Russian oil companies and calls for Moscow to accept immediate Ukraine ceasefire – as it happened

This live blog is now closed. For the latest on US sanctions, read our full report: US imposes sanctions on Russian oil over Putin’s ‘refusal’ to end war in UkraineMike Johnson said that he hasn’t spoken with the president about a New York Times report that he is seeking $230m from his own j...

22/10/2025 22:43 The Guardian

US imposes sanctions on Russian oil over Putin’s ‘refusal’ to end war in Ukraine

Trump administration hardens stance against the Kremlin day after cancelling a planned summit with Russian leaderThe US has sanctioned Rosneft and Lukoil, Russia’s two largest oil companies, as the Trump administration increased pressure on the Kremlin to negotiate an end to its war against Ukrain...

22/10/2025 22:22 The Guardian

Sopranos creator David Chase to write HBO limited series on CIA drug program

Return marks his first TV series since groundbreaking mob drama, and will examine covert mind-control programDavid Chase is returning to television. The Sopranos creator will write MKUltra, a limited series on the CIA’s secret cold war-era mind control program, for HBO.The project, first reported...

22/10/2025 21:38 The Guardian

Australia news live: NSW opposition reveals high-density housing plan for Sydney’s inner west; Hanson says Joyce won’t lead One Nation

One Nation leader rejects the idea that former Nationals leader could lead her party. Follow today’s news liveGet our breaking news email, free app or daily news podcastThe NSW opposition will today unveil a plan to build up to 15,000 new medium and high density homes in parts of Newtown, Erskinev...

22/10/2025 20:44 The Guardian

US demands EU reverse new climate rules to allow surge in gas imports

US and Qatar say new rules will hinder imports of LNG, posing ‘existential threat’ to European economiesThe US has demanded that the European Union roll back its climate and human rights rules in order to allow greater imports of liquefied natural gas (LNG), as the Trump administration approved...

22/10/2025 19:02 The Guardian

Trump’s call to freeze Ukraine conflict at current frontlines is ‘good compromise’, says Zelenskyy – as it happened

Ukrainian president’s comments come amid suspension of planned US-Russian summit and fresh attacks on Kyiv and KharkivChildren among six killed in Russian attack on KyivRussia said on Wednesday that preparation for a presidential summit between Vladimir Putin and Donald Trump was still continuing,...

22/10/2025 16:05 The Guardian

Zelenskyy calls Trump’s proposal to freeze war at current frontlines ‘good compromise’

US president’s remark seen as modest win for Ukrainian leader, who acknowledges Russia will not accept proposalVolodymyr Zelenskyy has voiced support for Donald Trump’s proposal for Ukraine and Russia to freeze the war at the current frontlines, calling it “a good compromise”, even as he ack...

22/10/2025 15:42 The Guardian

As the US flip-flops on the path to peace, Europe’s ‘coalition of the willing’ rallies round Ukraine

From unanimity on a reparations loan to the unpredictability of Trump, EU leaders will gather this week with agreement on ending the war still fraught with hurdles• Don’t get This Is Europe delivered to your inbox? Sign up hereAnother week, another flip-flop from Donald Trump on Ukraine. Last mo...

22/10/2025 14:30 The Guardian

California to set aside $80m and deploy national guard to assist food banks amid shutdown

Gavin Newsom criticized Trump for ‘endangering people’s lives’ as shutdown sets stage for delayed food benefits Gavin Newsom warned this week that Donald Trump’s increasingly long government shutdown will impact those who rely on federal food support, likely delaying benefits as families are...

22/10/2025 13:42 The Guardian

Gaza ceasefire could lead to more Israeli alliances in Middle East, Vance says at Netanyahu meeting – as it happened

US vice president is in Israel for meeting with Israeli PM amid fragile Gaza ceasefireIsrael has completed the identification of the bodies of two more hostages, prime minister Benjamin Netanyahu’s office said on Wednesday, the Associated Press (AP) reports. Authorities identified the deceased ho...

22/10/2025 13:42 The Guardian

US ‘Night Stalkers’ seen in Caribbean as fears of regime change rise in Venezuela

Elite helicopter unit’s part in military deployment comes as Donald Trump ramps up pressure on Nicolás MaduroThey call themselves the Night Stalkers and their unofficial motto hints at the group’s lethal nocturnal line of work: “Death Waits in the Dark.” “You can flee, but they will find...

22/10/2025 12:29 The Guardian

Children among six killed in Kyiv after Russian missile and drone attack

Strikes, involving over 400 drones and 28 missiles, launched hours after Putin-Trump meeting in Budapest cancelledEurope live – latest updatesRussian drones and missiles have pounded the Ukrainian capital and other cities, hours after the cancellation of a meeting between Vladimir Putin and Donald...

22/10/2025 11:03 The Guardian

Barclays plays down £20bn exposure to private credit industry

CEO says bank has ‘right controls’ in place despite warnings about industry from IMF and Bank of EnglandBarclays has insisted it has the right controls in place to manage a £20bn exposure to the under-fire private credit industry despite warnings from the International Monetary Fund (IMF) and t...

22/10/2025 10:16 The Guardian

Storm Benjamin to batter UK with heavy rain and strong winds

Three yellow weather warnings issued as wet and blustery conditions expected on ThursdayStorm Benjamin could batter the UK with heavy downpours and winds of more than 70mph this week, forecasters have said.The Met Office has issued three yellow weather warnings over possible disruption, flooding, po...

22/10/2025 10:02 The Guardian

Grooming gangs inquiry will never be watered down, home secretary says, after survivors resign from panel – UK politics live

Keir Starmer likely to face PMQs grilling on claims the inquiry has descended into ‘chaos’Good morning. One of the reasons why Shabana Mahmood was appointed home secretary was because, as justice secretary, when the Tories came at her with a “two-tier justice” attack line that was being enth...

22/10/2025 08:16 The Guardian

Albanese has worked out a way to deal with Trump – even if there are areas where they don’t see eye to eye

The warmness shown by the US president was held up as vindication of the PM’s foreign policy acumen, and the nerve he had shown in not begging for an earlier meetingFollow our Australia news live blog for latest updatesGet our breaking news email, free app or daily news podcastOutside the White Ho...

22/10/2025 06:02 The Guardian

Wednesday briefing: Making sense of the Maccabi Tel Aviv saga, where law and disorder fumbled with fandom

In today’s newsletter: Inside a tortuous political saga where fandom and antisemitism once again became a political footballGood morning. In the end, the decision that capped the controversy over the ban on Maccabi Tel Aviv fans attending their away match against Aston Villa was taken not in Birmi...

22/10/2025 05:45 The Guardian

News live: Ley walks back call for Rudd’s sacking after Trump meeting; China claims Australia trying to cover up illegally entering its airspace

Follow today’s news liveSydney set for ‘blistering’ weather as record heat shifts east and BoM warnings for winds to blast Melbourne and VictoriaGet our breaking news email, free app or daily news podcastBrittany Higgins has dropped her appeal against the Western Australia supreme court decisi...

22/10/2025 05:33 The Guardian

Sydney set for ‘blistering’ weather as record heat shifts east and BoM warnings for winds to blast Melbourne and Victoria

CBD temperatures surpass 36C as Bureau of Meteorology forecasts damaging wind gusts up to 130km/h along Victoria’s south-west coastFollow our Australia news live blog for latest updatesGet our breaking news email, free app or daily news podcastTemperatures across Sydney reached the mid-to-high 30s...

22/10/2025 05:21 The Guardian

Palestinians in Gaza with Australian visas remain trapped as Israel keeps borders closed

Perth resident Ahmed Abumarzouq has two nephews stuck in the war-ravaged territory, who cannot get out despite the ceasefireGet our breaking news email, free app or daily news podcastAustralian visa holders in Gaza have the paperwork they need to flee the razed Palestinian territory but remain trapp...

22/10/2025 01:07 The Guardian

Top Senate Republican casts further doubt on Trump special counsel pick after ‘Nazi streak’ comments – live

John Thune suggests White House will have official comment on Paul Ingrassia after signaling Republicans won’t let confirmation pass in the SenateUS shelves plans for Trump-Putin talks in BudapestThe Central Intelligence Agency is providing the bulk of the intelligence used to carry out the contro...

21/10/2025 19:36 The Guardian

BREAKING NEWS

23/10 10:07 - Weather warnings reduced as Storm Benjamin moves east 23/10 10:00 - Renewable energy investment should come from defence budgets, say retired military leaders 23/10 09:59 - Mosquitoes found in Iceland for first time as climate crisis warms the country 23/10 09:50 - From illusion to real peace: Trump’s test in Gaza and Ukraine 23/10 09:50 - From illusion to real peace: Trump’s test in Gaza and Ukraine 23/10 09:42 - Russian foreign ministry warns of ‘painful response’ if EU confiscates frozen assets for Ukraine loan – Europe live 23/10 09:35 - EU rallies behind Ukraine at summit and adopts new sanctions against Russia 23/10 09:31 - Marco Rubio warns Israel not to annex West Bank after Knesset vote in favour 23/10 09:23 - EU poised to agree on using frozen Russian assets to help Ukraine in war 23/10 09:23 - EU poised to agree on using frozen Russian assets to help Ukraine in war 23/10 09:21 - U.S. May Seek United Nations Mandate for Gaza Security Force, Rubio Says 23/10 09:07 - Belgium resists EU pressure to use Russian assets to fund Kiev 23/10 09:06 - EU set to endorse deal to turn frozen Russian assets into support for Ukraine 23/10 09:03 - What Happened in Gaza Might Be Even Worse Than We Think 23/10 09:03 - Rubio warns against West Bank annexation after Israel's parliament advances move 23/10 08:33 - Israel’s West Bank annexation moves threatening Gaza peace deal, says Marco Rubio – Middle East live 23/10 08:30 - Ukraine - Russia war: Polish citizens prepare for war 23/10 08:22 - Trump says Putin talks 'don't go anywhere' as he imposes new sanctions 23/10 08:14 - European Union split over whether to let Ukraine use €140B loan to buy US weapons 23/10 08:11 - Israel's West Bank annexation vote ‘potentially threatening’ Gaza truce, Rubio warns 23/10 07:34 - EU enacts new Russia sanctions 23/10 07:33 - E.U. 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Discovery 23/10 01:37 - EU squabbling over frozen Russian assets – Politico 23/10 01:10 - Russia-Ukraine war: List of key events, day 1,337 23/10 01:10 - Russia-Ukraine war: List of key events, day 1,337 23/10 01:01 - 27 Cozy Products From Nordstrom Rack That Are Simply Mandatory For Homebodies 23/10 00:52 - Trump's sanctions are no slap on the wrist - they're a punch to the gut of Moscow's war economy 23/10 00:19 - Menopause screening to be included in NHS health checks from next year 22/10 23:43 - Trump Imposes Sanctions on Russian Oil Companies as His Frustration With Putin Mounts 22/10 23:31 - US won’t fire Tomahawks for Ukraine – Trump 22/10 23:16 - Russia has turned a ‘defeat’ in Syria into a new partnership 22/10 23:13 - Trump slaps sanctions on Russia's top oil firms, says talks with Putin 'don't go anywhere' 22/10 22:47 - U.S. imposes sanctions on Russian oil companies after strikes on Ukraine kill 7 22/10 22:43 - US sanctions major Russian oil companies and calls for Moscow to accept immediate Ukraine ceasefire – as it happened 22/10 22:22 - US imposes sanctions on Russian oil over Putin’s ‘refusal’ to end war in Ukraine 22/10 22:21 - Trump imposes sanctions on Russia's two biggest oil firms in major policy shift 22/10 22:11 - Moscow’s Middle East makeover: From Syria to Tehran, the game has changed 22/10 21:48 - Trump beats the drums of war for direct action in Venezuela 22/10 21:38 - Sopranos creator David Chase to write HBO limited series on CIA drug program 22/10 21:32 - Putin wasn't 'honest' with Trump, treasury chief says as US imposes massive sanctions 22/10 21:20 - Meeting with Putin ‘canceled’ – Trump 22/10 21:11 - Political infighting as Iran navigates sanctions, lingering threat of war 22/10 21:11 - Political infighting as Iran navigates sanctions, lingering threat of war 22/10 21:02 - US announces new Russia sanctions 22/10 20:58 - Italy’s Meloni issues warning to EU on seizing Russian assets 22/10 20:44 - Australia news live: NSW opposition reveals high-density housing plan for Sydney’s inner west; Hanson says Joyce won’t lead One Nation 22/10 20:36 - Zelensky Says Russian Strike on School Shows Putin Isn’t Serious About Ukraine Talks 22/10 20:26 - Europe must ensure long-term public support for Ukraine, expert says 22/10 19:40 - Zelenskyy checks out Gripen fighter jets Ukraine buying from Sweden 22/10 19:40 - Zelenskyy checks out Gripen fighter jets Ukraine buying from Sweden 22/10 19:22 - Polish civilians prepare for possible Russian attack 22/10 19:22 - EU announces 19th sanctions package targeting Russia – media 22/10 19:02 - US demands EU reverse new climate rules to allow surge in gas imports 22/10 18:55 - Russian drones and missiles kill 6 in Ukraine, including a mother and her young daughters 22/10 18:30 - What Are Gripen Fighter Jets and Why Does Ukraine Want Them From Sweden? 22/10 18:29 - Storm Benjamin to bring gusty winds and flooding rain to UK on Thursday 22/10 18:21 - Russia holds nuclear drills, Ukraine seeks Swedish fighter jets 22/10 18:12 - ICJ tells Israel it must not use ‘starvation… as a method of warfare’ 22/10 18:12 - ICJ tells Israel it must not use ‘starvation… as a method of warfare’ 22/10 17:29 - EU sabotaging Ukraine peace talks to fuel arms boom – Russian envoy 22/10 16:05 - Trump’s call to freeze Ukraine conflict at current frontlines is ‘good compromise’, says Zelenskyy – as it happened 22/10 16:01 - Former Biden and Senate Counsel to Lead Progressive Legal Group 22/10 15:47 - Sweden and Ukraine eye export deal for up to 150 fighter jets 22/10 15:42 - Zelenskyy calls Trump’s proposal to freeze war at current frontlines ‘good compromise’ 22/10 15:27 - In Ukraine’s Kharkiv, a nursery school hit by a Russian drone 22/10 15:16 - Chess federation looking into Vladimir Kramnik's attacks on grandmaster Daniel Naroditsky 22/10 15:10 - EU’s green laws threaten bloc’s LNG flows – key suppliers 22/10 14:37 - Ukrainians describe deadly Russian drone attack on ten regions 22/10 14:30 - As the US flip-flops on the path to peace, Europe’s ‘coalition of the willing’ rallies round Ukraine 22/10 14:15 - Updates: Donald Trump meets with NATO’s Mark Rutte at White House 22/10 14:15 - Updates: Donald Trump meets with NATO’s Mark Rutte at White House 22/10 13:42 - California to set aside $80m and deploy national guard to assist food banks amid shutdown 22/10 13:42 - Gaza ceasefire could lead to more Israeli alliances in Middle East, Vance says at Netanyahu meeting – as it happened 22/10 13:23 - Josephine Baker in the spotlight at Bobino's Paris theatre 22/10 13:05 - US and Russian leaders are on 'different wavelengths', stalling talks on Ukraine 22/10 13:01 - 25 Things From Target That'll Make Looking Trendy This Fall Affordable 22/10 12:35 - Moment Russian drone strikes near apartments in Ukraine 22/10 12:35 - Moment Russian drone strikes near apartments in Ukraine 22/10 12:30 - Children in Gaza face more trauma, despite ceasefire 22/10 12:30 - Children in Gaza face more trauma, despite ceasefire 22/10 12:29 - US ‘Night Stalkers’ seen in Caribbean as fears of regime change rise in Venezuela 22/10 12:07 - Why planned Trump-Putin talks collapsed, and what it means for Ukraine 22/10 12:07 - Why planned Trump-Putin talks collapsed, and what it means for Ukraine