Oil

(asked on 16th June 2025) - View Source

Question to the Department for Energy Security & Net Zero:

To ask His Majesty's Government what assessment they have made of the impact of international conflicts on the oil market, and whether they intend to implement measures to reduce the effect of such external shocks on the UK economy.


Answered by
Lord Wilson of Sedgefield Portrait
Lord Wilson of Sedgefield
Lord in Waiting (HM Household) (Whip)
This question was answered on 30th June 2025

Oil and gas markets are well supplied and functioning normally. Though they have responded to events in the Middle East, prices remain within the bounds we have seen over the last year.

The Government's Clean Energy Superpower Mission, supported by the largest investment in home-grown clean energy in British history, will enhance energy security by boosting our energy independence, protecting billpayers, and reducing exposure to global supply shocks.

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