Nickel crisis: LME faced ‘unprecedented circumstances’, lawyer claims June 21, 2023 The LME argues it was justified in closing the market and cancelling trades because $19.7bn of margin calls would have created systemic risk.
Gemfields unveils bumper £63.1m sales as rubies prove recession resistant June 21, 2023 Gemfields has announced a hefty hike in revenues at its latest ruby auction, with buyers embracing coloured gemstones.
Gas prices rise in UK and Europe on surging summer demand for air conditioning June 21, 2023 Soaring demand for air conditioning across Europe has contributed to the latest spike in gas price, experts suggest.
Rosebank: UK’s largest undeveloped oilfield set to be approved by regulators within weeks June 21, 2023 The UK’s largest undeveloped fossil fuel field, is set to be approved by regulators within the next two weeks, City A.M. understands.
Iran supply glut could weigh down oil prices, predict experts June 20, 2023 An unexpected influx of oil supplies from Iran could help further weigh down prices, amid a market downturn from China.
Octopus’ EV leasing business secures £150m to turbocharge electric car take up June 20, 2023 Octopus Electric Vehicles, the energy company’s electric car leasing business, has secured a £150m funding boost, taking its two-year total fundraising total to £650m. The funding will help finance Octopus’ employee benefit scheme, which gives employees at firms who opt in a chance to save around 30-40 per cent by providing the electric vehicle, charger [...]
EU countries fail to agree energy reforms after coal subsidy clash June 20, 2023 European Union countries have failed to agree on planned new rules for the bloc's power market, after clashing over coal subsidies.
Qatar set to strike second big LNG supply deal with China June 20, 2023 Qatar is set to secure its second large gas supply deal with a Chinese state-controlled company in less than a year.
Labour’s bold plan to rescue onshore wind from NIMBYism June 20, 2023 Labour's plans to boost onshore wind have been welcomed by the industry but challenges remain if the UK is to liberate the industry.
Starmer fails to appease North Sea industry amid fears of investment cliff edge June 20, 2023 Keir Starmer's decision to honour oil and gas permits issued under the Conservative government failed to win over the North Sea industry