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Energy

  • South East Water: Heatwave last year caused £74m loss as industry debts rise

    July 17, 2023

    South East Water posted hefty losses last year, worsened by a record-breaking heatwave which has racked up costs for sourcing new supplies.

  • Oil prices slide as weak economy data in China fuels demand concerns

    July 17, 2023

    Oil prices have dipped after sluggish growth figures from China renewed concerns about demand in the second half of the year.

  • Energy security hopes belong in wonderland unless Britain builds again

    July 17, 2023

    The government needs to speed up the approval and construction of energy projects if it has any hopes of supply security and net zero.

  • Europe spent over a trillion dollars on gas since Russia sparked supply squeeze

    July 14, 2023

    Europe has spent over a trillion dollars shoring up its gas supplies since Russia first began weaponising its pipelines in 2021.

  • Gold holds on to heavy gains as Fed signals victory in battle against inflation

    July 14, 2023

    Gold markets have consolidated this week's price rally, following encouraging inflation data from the US.

  • Oil rises above $80 per barrel for first time since April as IEA predicts record demand

    July 13, 2023

    Oil prices are hovering above $80 per barrel for the first time since April, with the International Energy Agency predicting record demand growth.

  • UK’s second largest offshore wind farm given the green light

    July 13, 2023

    Hornsea Four, one of the UK's biggest offshore wind farms has finally been given the go-ahead by government.

  • Wood Group bids to win back investors with boosted revenues after failed Apollo deal

    July 13, 2023

    Wood Group has posted robust revenues and gross profits, as it bids to win back the approval of shareholders.

  • Just one water supplier holds top rating for environmental performance

    July 13, 2023

    Only one water supplier has a maximum rating for its environmental performance, according to the government's latest industry review.

  • Thames Water: Ofwat boss refuses to apologise for water industry debt crisis

    July 13, 2023

    Ofwat’s former boss refused to apologise for allowing the water industry to rack up an eye-watering £65bn debt mountain.

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