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Energy

  • Shell soars to record highs as oil and gas markets await fresh signals from Israel-Hamas war

    October 16, 2023

    Commodity prices have steadied following last week's bumper rally, with markets awaiting further supply signals.

  • ITM Power to enter US market in blow to UK’s green hydrogen ambitions

    October 16, 2023

    ITM Power has announced plans to enter the US market, enticed by the vast subsidies offered under the country's Inflation Reduction Act.

  • Surging gas prices expose cost crisis for consumers this winter

    October 16, 2023

    Gas prices have soared this week, with geopolitical volatility rattling spot markets - but the real concern should be bills not supply shortages.

  • Oil markets rattled by fears of escalating conflict in Middle East

    October 15, 2023

    Oil prices will begin trading tomorrow following a sharp surge in prices, with investors spooked by the prospect of protracted conflict in the Middle East.

  • Britain and US should form energy partnership like Aukus, US senator says during UK tour

    October 13, 2023

    Duckworth said the US is in desperate need of transformers to upgrade its electricity grid, but is struggling because much of what it needs is produced in China

  • Government must send ‘clear signals’ to boost UK hydrogen investment

    October 12, 2023

    The government must send "clear signals" that the UK is ready for business, or risk failing to meet its hydrogen ambitions.

  • Brits to face higher bills as Ofgem grapples with rising debts

    October 12, 2023

    Households will be on the hook for Ofgem's plans to stabilise the energy sector to reduce the risk of suppliers going bust.

  • Oil prices slide as economic woes compete with geopolitical risks

    October 11, 2023

    Oil markets have eased in today's trading with investors awaiting further price signals following worries over geopolitical risk.

  • Gas prices pare back gains as volatility fears rattle markets

    October 11, 2023

    Gas prices have eased after yesterday's bumper rally which saw markets surge to their highest levels since June.

  • Exxon snaps up shale giant Pioneer in $60bn mega-deal

    October 11, 2023

    Exxon agreed to buy rival Pioneer in an all-stock deal valued at $59.5bn that would make it the biggest producer in the largest US oilfield.

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