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Oil giant BP sent shock-waves through the industry this morning with what has been described as a “jaw-dropping” loss.

Last week, the British Prime Minster, David Cameron, flew to Aberdeen, the oil capital of the UK to announce £250 million emergency funding to “prop up the North Sea oil industry”; which is reeling badly from the low oil price.

There are many ways you can question the logic of the British Government’s pro-fracking push.

If a climate test were to be applied to this bill, there’s little doubt it would fail.

Living close to a shale gas well affects the price of your house, according to new research published in the American Economic Review, one of the country’s oldest and most respected economic journals.

A proposed Bakken oil pipeline through New York State appears to be based on wishful thinking.

Some of the world’s best known oil companies, including Shell, BP, Statoil and Total, face the humiliation of having a ratings downgrade, the internationally respected ratings agency, Moodys, has warned.

Exxon is out with its annual forecast for a world dominated by fossil fuels and thrown into climate chaos. Why are we not surprised?

The oil barons from Exxon will wake up to a double headache this morning. The carnage on the international oil markets is playing havoc with their share price. Yesterday afternoon the company’s stock was down nearly 5 per cent as the oil price continued its free-fall.