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Energy

  • 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.

  • Exclusive: Yü Group boss hopes to pick ‘low hanging fruit’ from Big Six suppliers

    March 23, 2022

    The Big Six energy firms are asleep at the wheel, meaning challenger suppliers have a great chance to pick up new customers.

  • Soaring energy bills cause hospitality businesses to raise prices and cut opening hours

    March 23, 2022

    Spiralling energy bills are forcing hospitality businesses to raise prices and cut trading hours, says a new survey from four UK trade bodies.

  • Total severs Russian oil supply contracts

    March 22, 2022

    French oil giant TotalEnergies said it would cut off the Russian gasoil and crude oil supply contracts for its German refinery today.

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