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      War propels UK inflation in new risk for interest rate hikes

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Energy

  • As cost of living crisis rages, Extinction Rebellion plots to block oil refineries across the UK next month

    March 9, 2022

    Extinction Rebellion has announced plans to block major UK oil refineries in April. The direct action group said it intends to “stop the harm at the source” as part of its campaign to force the Government to stop the fossil fuel economy. The protest group Just Stop Oil will also be blocking refineries across the [...]

  • His Raw Materials: Putin pushes back against oil and gas sanctions with retaliatory measures

    March 9, 2022

    Russia has announced plans to restrict the trade of goods and raw materials, in response to the US and UK imposing oil and gas bans.

  • Offshore energy body to help ensure security of supply as UK divests from Russian oil

    March 8, 2022

    Trade association Offshore Energies UK (OEUK) is committed to working with the government to ensure secure energy supplies.

  • Ofgem boss: Hike in household energy bills ‘almost inevitable’

    March 8, 2022

    Ofgem boss Jonathan Brearley has warned a further painful hike in household energy bills is “almost inevitable."

  • US ramps up sanctions with plans to ban Russian oil imports

    March 8, 2022

    The US is expected to impose ban on Russian oil imports as it ramps up sanctions following the country's invasion of Ukraine.

  • LME suspends nickel trading amid price boom

    March 8, 2022

    The London Metal Exchange (LME) has halted nickel trading for the rest of the day after prices doubled to a record $100,000 per tonne.

  • Shell ends Russia dealings and apologises for oil purchases

    March 8, 2022

    Shell has announced it will cease involvement in all Russian hydrocarbons following the country's invasion of Ukraine.

  • Russia warns West of $300 oil prices and gas supply cuts if countries impose energy sanctions

    March 8, 2022

    Russia has warned the West it could close pipelines and that oil prices will spike to over $300 if countries impose energy sanctions.

  • Exclusive: Invinity on vanadium flow batteries and the UK’s net zero plans

    March 8, 2022

    Invinity chief executive Larry Zulch and chief commercial officer Matt Harper spoke with City A.M. about vanadium batteries and net zero.

  • Energy sanctions on Russia could leave Europe exposed warn analysts

    March 8, 2022

    Analysts suggest Europe will struggle to make up the shortfall in Russian gas supplies if it rolls out energy sanctions on the country.

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