UK risks carbon dioxide shortage due to energy taxes, warns vital fertiliser firm May 4, 2022 CF Fertilisers warned the government last year that green levies could lead to more firms collapsing, as it struggled to deal with energy prices.
European Union finally unveils Russian oil import ban May 4, 2022 The EU has proposed to phase out Russian oil imports, as part of a sixth package of sanctions against Russia following its invasion of Ukraine.
OPEC+ forecasts oil surplus as high prices and lockdowns bite into demand expectations May 4, 2022 OPEC+ anticipates oil supply to exceed demand later this year by nearly two million barrels per day amid reduced growth expectations.
Ofgem fines UK’s largest electricity distribution network for failing to support vulnerable customers May 4, 2022 The UK's largest electricity distribution network operator has agreed to pay nearly £15m failed to provide support to some its most vulnerable customers.
Equinor revels in record profits as European energy crisis sends gas prices to all-time highs May 4, 2022 Equinor has reported record profits, as the war in Ukraine exacerbated Europe's energy crisis and sent gas prices spiralling to all-time highs.
From Russia with losses: BP counts the cost of Rosneft exit amid escalating windfall tax row May 4, 2022 BP’s decision to pull out of its Russian holdings after the Kremlin’s invasion of Ukraine has blown a £20bn hole in its first quarter finances.
Putin ramps up pressure on West with plans to terminate exports May 3, 2022 Russian President Vladimir Putin has signalled he could terminate exports of products and raw materials, in response to Western sanctions.
Gold prices hit by resurgent dollar and upcoming interest rate hike May 3, 2022 Gold prices showed some signs of recovery this afternoon after tumbling to a two-and-a-half month low earlier in the day.
Ofgem investigates suppliers over direct debit payments May 3, 2022 Household energy suppliers are under fresh scrutiny from Ofgem amid concerns customers are facing unfair hikes in direct debit demands.
BP rebounds with soaring underlying profits as calls for windfall tax escalate May 3, 2022 BP has raked in massive underlying profits across its oil and gas operations over the first three months of 2022 amid soaring energy prices.
