Written question asked by Lord Taylor of Warwick (Non-affiliated) on Monday, 16 June 2025, in the House of Lords. It was due for an answer on Monday, 30 June 2025. It was answered by Lord Wilson of Sedgefield (Labour) on Monday, 30 June 2025 on behalf of the Department for Energy Security and Net Zero.
Oil
- Question
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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.
- Answer
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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.
Secondary information
- Type
- Written question
- Reference
- HL8498
- Session
- 2024-26
- Subjects
- Armed conflict Economic situation Oil
- Link
- View this Written question on www.parliament.uk
Librarians' tools
- Timestamp
- 2025-09-05 23:33:10 +0100
- URI
- http://data.parliament.uk/writtenparliamentaryquestion/lords/2024-25/HL8498
- In Indexing
- http://indexing.parliament.uk/Content/Edit/1?uri=http://data.parliament.uk/writtenparliamentaryquestion/lords/2024-25/HL8498
- In Solr
- https://search.parliament.uk/claw/solr/?id=http://data.parliament.uk/writtenparliamentaryquestion/lords/2024-25/HL8498