OPEC holds oil demand view steady despite economic growth warning June 13, 2023 OPEC left its forecast for 2023 global oil demand growth steady for a fourth month on Tuesday amid global economic uncertainty.
AMTE boss threatens to build £250m Dundee gigafactory overseas June 13, 2023 The boss of one of the UK’s last battery manufacturers, AMTE Power, has threatened to build its new planned factory overseas, should the UK fail to boost subsidies to levels competitive with the European Union (EU) and US. Allan Hollis, CEO of AMTE Power told the Financial Times that “for gigafactory-scale production, we have to [...]
British Gas owner facing shareholder showdown over chief’s £4.5m bumper pay June 13, 2023 British Gas owner Centrica has announced that the operating profits for its retail arm will be "significantly higher than in previous years."
Space-based solar to get an early lift off from the UK June 13, 2023 Solar panels in space could help meet the UK's energy needs, with the government poised to announce funding for new projects.
Glencore’s new Teck bid exposes industry desperation to go green June 12, 2023 Glencore has made a new bid for Teck Resources - reflecting its creativity and its desperation to grow its green agenda.
FSB: Small firms need flexible payment options to ease energy bills burden June 12, 2023 Thousands of small businesses are at risk of closure, if suppliers fail to offer firms more flexible options for paying off their energy bills.
UK burns coal for first time in 46 days as Brits turn on the air conditioning June 12, 2023 Britain has started burning coal for electricity for the first time in a month and a half as demand for air conditioning spiked.
Hunt urged to ‘double down’ on backing offshore wind or risk falling behind rivals June 12, 2023 The government needs to incentivise domestic offshore wind and support the industry so that the UK can compete with international rivals.
Oil prices drop below $70 per barrel as investors fear further Fed rate hike June 12, 2023 Oil prices have fallen as investors fear further rate hikes from the Federal Reserve this week, when it meets to discuss interest rates.
Glencore makes fresh bid for Teck coal arm as takeover battle takes new twist June 12, 2023 Glencore has redoubled its efforts to acquire Teck Resources, offering to buy its steelmaking coal business as a standalone company.