Have we got the minerals for a green future? August 15, 2022 Surging metal and mineral prices could hamper the UK's renewables ambitions, raising the costs of batteries and turbines for green project.
German households braced for heavy levy as country counts cost of Russian squeeze August 15, 2022 German households will suffer the heavy price of a Russian supply squeeze on European gas flow, with a new levy on their energy bills.
OEUK calls on Government to ramp up development to ease energy crisis August 15, 2022 OEUK has urged the Government to boost flagging domestic energy production to protect consumers from future supply shocks.
Exclusive: Energy boss slams Lord Frost for ‘guilty men’ net zero criticism August 14, 2022 The boss of a UK supplier has slammed net zero critics who have blamed renewables and climate policies for the ensuing energy crisis.
Saudi Aramco revels in record profits amid booming oil and gas prices August 14, 2022 Saudi Aramco (Aramco) has smashed its quarterly profit record set in May, powered by soaring energy prices following Russia's invasion of Ukraine.
Exclusive: Good Energy boss hits out at ‘misty-eyed’ calls to nationalise utilities August 14, 2022 People should not get "misty-eyed" over nationalised utilities, argued Good Energy boss Nigel Pocklington.
Russian economy shrinks by four per cent due to impacts of Western sanctions August 13, 2022 The Russian is now four per cent smaller than it was a year ago, according to new figures from the country’s state statistics agency. Russia’s gross domestic product (GDP) for Q2 2022 equals a sum equivalent to 96 per cent the value of the country’s economy in Q2 2021, the preliminary Rosstat statistics show. The [...]
UK’s trade deficit widens to record £27.9bn as business with Russia reaches historic low August 13, 2022 New data showed this morning that UK’s trade deficit in goods and services widens again in Q2 to a record £27.9bn. Moreover, monthly imports from Russia dropped to meagre £33m, the lowest since records began and down from over £1.8bn in both January and February of this year. Also during Q2, imports increased by £14.3bn [...]
Eurovision will not be hosted in London as seven UK cities in the running for song contest August 12, 2022 London is not in the running to host next year’s Eurovision Song Contest when it comes to the UK. A shortlist of seven cities has been announced, including Birmingham, Glasgow, Leeds, Liverpool, Manchester, Newcastle and Sheffield. Hower, London and Belfast are among those that will not be considered for the event, which is to be [...]
A Tale of Two Forecasts: Investors back IEA’s hiked demand outlook over OPEC gloom August 11, 2022 Investors have backed the IEA's outlook for oil demand over OPEC's, with both organisations offering contrasting visions this year.