Goldman warns oil prices could double if Houthi Red Sea shipping attacks continue January 5, 2024 Maersk has suspended all shipping through the Red Sea until further notice
Ithaca chief departs oil giant after post-IPO malaise January 5, 2024 Oil and gas producer Ithaca Energy’s chief executive Alan Bruce is leaving the company, which has taken on water since its disappointing stock market flotation last year. A statement released by the firm today confirms Bruce’s departure “to pursue new opportunities” with immediate effect. While the search for a permanent replacement begins, chief financial officer [...]
BP and Equinor bin New York wind farm as surging costs derail yet another green energy project January 4, 2024 BP and Equinor have scrapped the contract to deliver the project at a strike price of $107.5 per MWh
Saudi Aramco nearing $5bn tender decision on world’s largest offshore oilfield January 3, 2024 Indian engineering firm Larsen & Toubro (L&T) is the favourite to win an initial construction agreement
Owner of major UK refinery extends loan deal with Russian oil firm January 3, 2024 The owner of one of the UK's largest oil refineries has agreed an extension to a loan facility with a Russian oil company that is under sanctions in the US, company accounts show.
UK nuclear power crashes to 40-year low in 2023 January 3, 2024 Hinkley Point C could meet the energy needs for six million homes
A changing China: Looking ahead to commodities in 2024 December 31, 2023 Commodities face an uncertain 2024 as geopolitical and climate risks continue to grow
Will gold continue to shine in 2024? December 29, 2023 Safe havens have never been more in demand and nowhere has this been better embodied than in gold’s performance in 2023.
Copper prices end 2023 on a high as traders focus on supply constraints next year December 29, 2023 Copper saw a fourth-quarter rebound to close out 2023.
The numbers don’t lie: The UK’s renewable energy transition is going better than you think December 29, 2023 For the first time ever, renewables met over 40 per cent of total UK electricity demand during Q3 of 2023.
