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Energy

  • National Grid profits slip near 20 per cent as chief slams government inaction

    November 9, 2023

    National Grid has called for policy to keep up with the company's push to electrify the country's grid following record spending.

  • Coutinho: Sunak was right to water down green pledges

    November 8, 2023

    The Prime Minister was "exactly right" to row back on green pledges, energy security and net zero secretary Claire Coutinho has said.

  • Eon posts £6.8bn profit – but earnings to slide as gas prices fall

    November 8, 2023

    European energy giant Eon is predicting a hefty downturn in profits during its fourth quarter of trading across its retail division.

  • North Sea oil and gas sector push Labour to back licensing rounds

    November 8, 2023

    The North Sea oil and gas industry is hoping to convince Labour to back future oil and gas licences - City A.M. has learned.

  • Oil prices slide as China weighs down demand hopes

    November 7, 2023

    Oil prices have tumbled because of weak global demand

  • Aramco sustains payouts to investors as profits slide to just £26.5bn

    November 7, 2023

    Saudi Arabia has slash=ed oil output to prop up prices alongside OPEC allies

  • EDF prepared to work with nuclear rivals as French energy giant commits to UK

    November 7, 2023

    There is room for multiple winners in the race to build mini-nuclear power plants in the UK, EDF told City A.M.

  • Energy suppliers must do more to help firms tied to brokers this winter

    November 7, 2023

    Energy suppliers should be looking to help all of its business customers survive the winter including firms tied to third party deals, FSB warns.

  • A tale of two oil giants

    November 6, 2023

    Energy giants BP and Shell unveiled sharp downturns in their usual earnings last week in a rocky third quarter for the sector.

  • British Steel: £1.25bn green furnace upgrade announced as 2,000 job losses feared

    November 6, 2023

    British Steel has announced plans to shut its blast furnace in Scunthorpe in its bid to go green with £1.25bn upgrade plans.

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