Oil markets sustain rally as EU commits to Russian embargo May 31, 2022 Oil prices continued to rise today, after the EU finally agreed to a phased and watered down ban on Russian crude imports.
Gold prices hit by hawkish Federal Reserve May 31, 2022 A resilient US dollar and rising bond yields are weighing down investor confidence in gold, which sits well below the $1,850 threshold.
Shell refuses to set up Gazprom account as it continues Russian withdrawal May 31, 2022 Energy giant Shell has confirmed it will not set up a rouble account, under new terms demanded by Kremlin-backed giant Gazprom.
Gazprom widens gas cuts after EU brings in oil ban May 31, 2022 Russia has escalated its economic warfare with Europe, with Gazprom widening gas cuts across the continent in retaliation to Western sanctions.
Petrol retailers are not profiteering despite record prices at the pumps, say experts May 31, 2022 Petrol retailers are not engaging in wholesale profiteering amid record forecourt prices said industry analysts.
Government’s net zero strategy only speaking to ‘energy elite’ warns Utilita boss Bill Bullen May 31, 2022 The government's net zero strategy is only resonating with the UK's "energy elite", argued Utilita Energy boss Bill Bullen.
Centrica confirms sale of Spirit Energy’s Norwegian assets in $1bn-plus deal May 30, 2022 Centrica has confirmed the sale of Spirit Energy's Norwegian assets in deals reaching over $1bn in overall value, as it looks to focus on domestic markets.
Oil prices rise above $120 milestone as China finally lifts oppressive lockdown measures May 30, 2022 Oil prices breached the $120 milestone today - hitting a two-month high as China eased Covid-19 restrictions in its biggest city.
Supply security: Government holds talks with Centrica over gas storage while EU delays oil ban May 30, 2022 The government is holding talks with Centrica about re-opening a gas facility, in case European supplies from Russia are cut off.
Shell greenlights $2.5bn plans to develop natural gas field off Australia May 30, 2022 Shell and its joint venture partner SGH Energy have given the go-ahead to develop the Crux natural gas field off Australia.
