Government summons energy chiefs for emergency meeting as gas prices climb and climb December 24, 2021 Energy industry bosses have been summoned for a meeting with the government today to address rapidly rising wholesale gas prices. Business Secretary Kwasi Kwarteng will meet with chief executives of major suppliers on Monday, according to The Times, which reports the bosses are likely to ask for tax cuts and the relaxation of green levies. [...]
Energy groups push for government action as power prices reach record highs December 23, 2021 Energy UK is the latest industry voice calling for government support as the energy sector struggles with record wholesale gas prices.
Investec: Come new year, confidence in battle-hardened British businesses will return December 23, 2021 It is no secret that global investors have been underweight on the British stock market in recent years. Some have taken a cautious, “wait and see” approach as the economic and geopolitical fog clears, while others highlight more fundamental problems, namely a lack of high-quality technology and high growth businesses poised to thrive in the [...]
Good Energy calls for government support as share price plummets amid soaring wholesale costs December 22, 2021 Good Energy's shares tumbled seven per cent on Wednesday, after it downgraded it profits guidance by £3m amid serious volatility in the industry.
Taxpayer bill for Bulb could top £1bn as energy prices soar December 22, 2021 Running failed energy supplier Bulb could could cost taxpayers over £1bn as the price of gas continue to rocket, according to reports. Bulb was left to shoulder the spiralling cost of gas after administrators were instructed, at short notice, by the government to buy most of its wholesale energy needs, sources told The Times, which first [...]
Energy crisis will stretch into spring with Ofgem expected to hike household bills by £700 December 21, 2021 The energy crisis will extend into next year with UK households facing a “painful” £700 increase in energy bills, warns Investec.
UK gas prices reach all-time highs as winter tensions mount across Europe December 17, 2021 UK gas prices surged to an all-time high of 350p per therm earlier this week amid soaring demand and supply concerns.
Energy suppliers to face financial stress test as Ofgem grapples with winter crisis December 15, 2021 Ofgem has announced a raft of reforms to fix the energy sector following 25 suppliers collapsing in the past three months
OPEC remains bullish on oil demand and downplays Omicron variant December 13, 2021 OPEC raised its oil demand forecast for the first quarter of 2022, anticipating the new Omicron variant will be “mild and short-lived”.
Oil prices maintain recovery amid US inflationary pressures and defiant Omicron outlook December 13, 2021 Both major oil benchmarks consolidated last week’s mini-rally with rising inflationary pressure in the US and increasing Omicron optimism.