Consumer price cap hike reflects ‘severity of the crisis’ February 3, 2022 The "severity of the energy crisis" is now becoming a reality for 22m households, argued USwitch's Justina Miltienyte.
Oil prices ease after OPEC+ meeting February 3, 2022 Oil prices have eased but remain close to the $90 milestone after OPEC+ producers stuck to planned moderate output increases.
Households braced for 50 per cent hike in annual energy bills February 3, 2022 Ofgem is set to unveil its update to the consumer price cap, with millions of UK households bracing for a painful price hike in energy bills this spring.
Centrica chief executive named as chairman of Spirit Energy in management shake-up February 2, 2022 Centrica's chief executive Chris O'Shea has been named chairman of Spirit Energy's board, with the energy firm shaking up its senior team.
Gas prices rise amid Yamal-Europe pipeline turbulence and Ukraine tensions February 2, 2022 Gas prices have recovered from a mini-slump this month after flows in the Yamal-Europe pipeline were halted in both directions.
Total Energies teams up with Chinese oiler to invest $10bn in Uganda and Tanzania February 2, 2022 Total Energies and CNOC have brokered a deal with Uganda and Tanzania to invest more than $10bn in developing crude oil production in East Africa.
Ofgem to unveil new price for household energy bills tomorrow February 2, 2022 Market regulator Ofgem is set to announce the latest adjustment to the price cap tomorrow, amid fears of household bills rising 50 per cent.
EU emissions trading rises to record highs in volatile energy market February 2, 2022 Prices in European Union (EU) emissions trading have reached record highs amid increased demand for allowances, and fears of gas supply shortages as tensions fester between Russia and the West over the future of Ukraine. The EU Emissions Trading Schemes recorded prices just shy of €93 per ton this morning. Demand for electricity across the [...]
Volatile energy prices set to continue into the next decade February 1, 2022 The conditions for volatile wholesale energy prices could continue into the next decade, argues energy specialist Cornwall Insight.
Why the world’s whisky fans can’t get enough of Scotch February 1, 2022 | Sponsored Scottish whisky is selling fast in every corner of the globe as drinkers and collectors embrace the ‘wee dram’. In fact, in 2020, 36 bottles of Scotch were shipped every second to 166 global markets, totalling 1.1bn a year. Emerging Asian consumers are spending more than ever on Scotch, with Singapore and Taiwan now ranking [...]