Spot oil prices were just over $40 per barrel in mid June 2020. The crashed after the coronavirus pandemic and subsequent lockdown led to a dramatic cut in demand. Prices fell from almost $70 a barrel in early January to below $20 per barrel in late April 2020. Oil prices peaked in July 2008 at almost $150 per barrel and were in the $100-125 range for much of 2011 to early 2014.

  • Debate Pack

    A General Debate on 'Fuel Poverty' will be held in the House of Commons Chamber on Tuesday 21 March 2017. The subject for the debate has been chosen by the Government.

  • Debate Pack

    This Debate Pack has been prepared ahead of the debate on 'Energy prices', to be held on Thursday 16 March 2017. The subject for the debate has been chosen by the Backbench Business Committee, following a representation by Caroline Flint and John Penrose

  • Research Briefing

    This briefing paper covers the current energy market reforms in Great Britain. Increasing energy costs and the position of the ‘big six’ suppliers has meant that competition in the energy market has been high on the political agenda in recent years. A major review of the marketplace concluded in 2016 with a report from the Competition and Markets Authority. Recommendations from this report are now being implemented whilst the Government has indicated further reforms are being considered. The energy market in Northern Ireland is separate and is not included here. The focus of the paper is on major reforms and events; it does not provide full coverage of the Competition and Markets Authority (‘CMA’)’s Energy Market Investigation. Members and their staff can get in touch with the Library if they require further briefing on this.

  • Debate Pack

    This Debate pack has been prepared for the debate on Low cost housing to take place in Westminster Hall on Wednesday 8 February 2017 at 9:30am. The subject for debate has been chosen by John Penrose, MP for Weston-super-Mare

  • Debate Pack

    This Debate pack has been prepared for the debate on the Sale of the Green Investment Bank to take place in Westminster Hall on Wednesday 25 January 2017 at 4:30pm. The subject for debate has been chosen by Michelle Thomson, MP for Edinburgh West

  • Debate Pack

    This Commons Library Debate pack has been prepared for the general debate on Exiting the EU and science and research to take place in the Chamber on Monday 19 December 2016 at approximately 3:30pm.

  • Research Briefing

    This Commons Library Briefing Paper summarises the market reforms set out in the Water Act 2014 relating to increasing competition for the non-household retail market and the upstream market, including progress on implementation and background to the reform. It also summarises recent developments relating to increasing competition in the domestic retail market.

  • Debate Pack

    This Debate Pack has been prepared ahead of the debate on the National college of wind energy to be held in Westminster Hall on Tuesday 1 November 2016 at 4:30pm to 5:30pm. The Member in charge of this debate is Melanie Onn MP.

  • Debate Pack

    This Debate Pack has been prepared ahead of the debate on the Future of the European Medicines Agency to be held in Westminster Hall on Wednesday 12 October 2016 at 2:30pm – 4pm. The Member in charge of this debate is Daniel Zeichner MP.

  • Debate Pack

    This debate pack has been prepared ahead of the Opposition Day debate on the Paris Agreement and Climate Change to be held in the Chamber on Wednesday 7 September 2016.

  • Debate Pack

    This Debate pack has been prepared ahead of the Westminster Hall debate on Regional differences in energy network charges initiated by Ian Blackford MP on Tuesday 5 July 2016, 2.30pm - 4.00pm.