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Energy

  • Boris Johnson calls for wind and nuclear ramp up ahead of energy strategy announcement

    March 24, 2022

    Prime Minister Boris Johnson has revealed the UK's new energy strategy will expand domestic nuclear and offshore wind capacity.

  • Exclusive: Hydrogen specialist AFC Energy launches The Power Tower

    March 24, 2022

    City A.M. can reveal AFC Energy (AFC) has launched The Power Tower, a new 10kW off-grid hydrogen power generator unit.

  • Oil prices rally as Caspian pipeline problems escalate supply worries

    March 23, 2022

    Prices on both major benchmarks jumped over five per cent amid escalating supply shortage fears following pipeline disruption.

  • Putin pushes for rouble payments causing gas prices to spike

    March 23, 2022

    Russia will seek payment in roubles for gas sales from “unfriendly” countries revealed President Vladimir Putin today.

  • Office for Budget Responsibility warns household energy bills could double this year

    March 23, 2022

    Energy bills could spike 40 per cent this winter, warned the OBR, placing further pressure on cash-strapped households.

  • BP considers North Sea oilfield sale amid market rallies

    March 23, 2022

    BP is reportedly pursuing buyers for its closed Foinaven oilfield in the North Sea with oil prices rallying

  • Sunak cuts fuel duty to ease pressure on motorists

    March 23, 2022

    Fuel duty will be cut by five pence per litre for the next 12 months, revealed Chancellor Rishi Sunak in the Spring Statement today.

  • Rishi Sunak needs to tell a story if he wants to keep a hold on the economy

    March 23, 2022

    In an interview with the Sunday Times earlier this month, Gordon Brown gave a quote that was both reflective of his past failings and the challenge that lies ahead for Rishi Sunak.  “I’m afraid we didn’t win the argument. You learn as you get older, or at least more experienced, that the facts are not [...]

  • European energy firms dithering over Russia departure

    March 23, 2022

    European companies are dithering over departing from Russia - with key assets and supply deals in the sanction hit country.

  • Scottish Power exits business supplier market

    March 23, 2022

    Energy firm Scottish Power revealed earlier this week it will stop selling energy to British industrial and commercial customers.

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