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Energy

  • Biden to use Korean War-era powers to ramp up mineral supplies

    March 30, 2022

    US President Joe Biden will invoke the 1950 Defense Production Act to boost the domestic supply of key minerals.

  • Oil prices recover as Russia demands rouble requirements for gas payments

    March 30, 2022

    Oil prices have rebounded nearly four per cent on both major benchmarks, as the economic conflict between the West and the Kremlin escalated.

  • Netherlands stops short of emergency gas plans amid supply shortage fears

    March 30, 2022

    The Dutch government will advise citizens and businesses to use less gas but has stopped short of activating emergency energy plans.

  • Cambo licence extended for two more years amid push for North Sea exploration

    March 30, 2022

    The North Sea Transition Authority has extended the licence for the Cambo oil and gas field for a further two years.

  • Kwarteng hires former BP boss to BEIS board amid energy security push

    March 30, 2022

    Business Secretary Kwasi Kwarteng has appointed Peter Mather, former UK boss of BP, onto the board of his department.

  • Germany raises prospect of power rationing with emergency gas plans

    March 30, 2022

    Germany has triggered emergency plans to manage gas supplies following the Kremlin's demand for contracts to be paid in roubles.

  • Energy analysts welcome renewable plans but warn support for households still needed

    March 30, 2022

    Onshore wind will provide the UK with long-term energy security but won't resolve this winter's energy crisis, according to energy experts.

  • Good Energy boss warns renewable ramp up will not ease this year’s cost of living crisis

    March 29, 2022

    Profits and gross margins at renewable specialists Good Energy have taken a hit from the crisis, but its asset sale has steadied the ship.

  • Oil prices plummet as Russia-Ukraine peace talks show signs of promise

    March 29, 2022

    Oil prices nosedived on Tuesday afternoon across both major benchmarks - extending losses from the previous day.

  • Polymetal weighs up Russian demerger after Ukraine invasion

    March 29, 2022

    Polymetal International has confirmed it is "evaluating various options that could maximise shareholder value following a difficult trading period.

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