Moving markets: What’s shaping the FTSE 100 today January 4, 2024 Moving Markets Today: Asia Tracks Wall Street Decline, Oil Prices Rise on Middle East Supply Concerns, China’s December Services Surge, Spotlight on UK Services PMI and U.S. Labor Market Data Global markets declined as U.S. stocks faced profit-taking after a strong 2023 finish. Asian markets followed suit on the heels of the Fed signalling a [...]
Oil Prices rise on Middle East supply fears January 4, 2024 Brent crude gained 0.3% to hit $78.46 per barrel, while U.S. West Texas Intermediate crude futures increased by 0.43% to $73.01
Saudi Aramco nearing $5bn tender decision on world’s largest offshore oilfield January 3, 2024 Indian engineering firm Larsen & Toubro (L&T) is the favourite to win an initial construction agreement
UK nuclear power crashes to 40-year low in 2023 January 3, 2024 Hinkley Point C could meet the energy needs for six million homes
Thames Water: Fresh blow as major investor takes £600m writedown January 3, 2024 The decision was “probably difficult but necessary” according to Tim Whittaker, director at Edhecinfra, a research institute and data provider, as reported by the FT.
Green Britain: Fossil fuels fall to just 35 per cent of UK energy supply January 2, 2024 Britain’s energy mix is at its greenest ever according to the latest figures from Drax, one of the country’s largest electricity generators. The energy company said the UK had its greenest year on record in 2023, according to the Times, with renewable and cleaner energy imported from Europe pushing fossil fuels out of the energy [...]
A changing China: Looking ahead to commodities in 2024 December 31, 2023 Commodities face an uncertain 2024 as geopolitical and climate risks continue to grow
Copper prices end 2023 on a high as traders focus on supply constraints next year December 29, 2023 Copper saw a fourth-quarter rebound to close out 2023.
The numbers don’t lie: The UK’s renewable energy transition is going better than you think December 29, 2023 For the first time ever, renewables met over 40 per cent of total UK electricity demand during Q3 of 2023.
Anglo American looking for investors to share development cost of Woodsmith polyhalite mine December 27, 2023 Anglo American is said to be shopping a 49 per cent stake in the mine for around $9bn