Oil markets volatile amid escalating conflict in Ukraine and upcoming OPEC+ meeting February 27, 2022 Oil will begin the week with both benchmarks back below $100 amid escalating conflict in Ukraine, following Russia's brutal invasion of the country.
Foreign Secretary Liz Truss backs energy sanctions against Russia February 27, 2022 Foreign Secretary Liz Truss has called for limits on oil and gas imports from Russia, following the country's invasion of Ukraine.
Energy prices spike after Russia invades Ukraine February 25, 2022 Russian President Vladimir Putin’s decision to launch a full-blown incursion of Ukraine sent energy prices soaring raising fears the UK's living squeeze will tighten.
Consumer price cap could spike to £3,000 per year warns Investec February 24, 2022 The consumer price cap could spike to £3,000 per year in October, warned Investec, following Russia's invasion of Ukraine.
BP under pressure to exit Rosneft stake February 24, 2022 BP is facing intensifying pressure to exit its near 20 per cent stake in Kremlin-backed energy group Rosneft.
Prepayment customers avoid energy use amid cost of living squeeze February 24, 2022 Prepayment customers have been reducing energy use to alarming degrees, according to the latest data from Uswitch.com.
Commodities rally amid fears of shortages after Russia invades Ukraine February 24, 2022 Aluminium, nickel and zinc have boomed following Russia's invasion of Ukraine, which has boosted long-standing rallies in the materials.
German politicians rule out new gas contracts with Russia amid spiking gas prices February 24, 2022 German politicians rule out new gas contracts with Russia, following the country's invasion of Ukraine, with gas prices spiking amid supply fears.
British Gas owner Centrica reports jump in profit and calls for market shake-up February 24, 2022 Energy giant Centrica said it needs to see “significant change” to address underlying issues in the UK’s energy market today as it reported it had weathered the energy crisis so far, with a 112 per cent profits boost in 2021.
Oil surges to $100 per barrel as Russia launches full-scale assault on Ukraine February 24, 2022 Oil prices have reached the $100 milestone for the first time since 2014, after Russia initiated a wide-scale attack on Ukraine today. Brent Crude has soared 5.30 per cent to $101.97, peaking earlier in the session at $102.35, while WTI Crude has boomed 5.07 per cent to $96.77. This follows prices seesawing between dips and [...]
