New Chinese lockdowns and inflation drives down oil prices ahead of trading this week June 12, 2022 Oil prices dipped last week, after US consumer prices rose more than expected and China imposed more restrictions on millions of people.
Australia reaches settlement with French firm to ease ‘Aukus’ tensions June 12, 2022 Australia has reached a settlement with France's Naval Group, as compensation for scuppering a submarine contract with the country.
Biden hits out at Big Oil’s record profits as White House fails to tame inflation June 12, 2022 US President Joe Biden called on ExxonMobil to drill for more oil and pay higher taxes in a stunning broadside on the US oil industry.
Kwarteng orders review of petrol retail market to ensure fuel duty cuts are passed on to consumers June 12, 2022 Business Secretary Kwasi Kwarteng has ordered the market watchdog to conduct an "urgent review" of the petrol market.
Octopus Energy locks horns with Centrica over market reforms as bidding war for Bulb lights up June 12, 2022 Two of the UK's biggest energy firms remain at loggerheads over key proposals to fix the industry by ringfencing customer balances.
Energy body urges government to greenlight more gas projects to ensure supply security June 12, 2022 An energy industry body has slammed the government’s rejection of two proposed onshore projects, describing its approach as inconsistent.
Octopus enters race for collapsed supplier Bulb with eleventh hour bid June 11, 2022 Octopus Energy has made a last minute offer for Bulb Energy, establishing a three-way tussle for the UK’s seventh biggest energy supplier.
Exclusive: Protium enjoys record hydrogen funding round to power green ambitions June 10, 2022 Protium has enjoyed the largest ever funding round in the UK for a hydrogen energy company, securing over £40m of investment.
Octopus inks deal for German wind farm as it ramps up European expansion June 9, 2022 Octopus Energy has made its first wind farm investment in Germany, backing a project that could power nearly 40,000 homes.
Ofgem boss tells industry to ‘up your game’ after damning Storm Arwen report June 9, 2022 The Ofgem boss told power firms to "up your game" and "get ready for winter" after the watchdog published a report into Storm Arwen.
