OPEC+ to avoid pledges to further boost oil output despite Western pressure June 30, 2022 Western hopes for more oil are dwindling, as the world's most influential cartel refuses to commit to September supply increases.
‘Practically treacherous’: Ex F1 boss Bernie Ecclestone lambasted for saying he’d ‘still take a bullet for Putin’ June 30, 2022 Formula 1’s Bernie Ecclestone has defended Russia’s president Vladimir Putin, saying despite the war in Ukraine: “I’d still take a bullet for him.” The controversial former motorsport boss, 91, made his remarks on Good Morning Britain, when asked, “do you still regard him as a friend, do you still stand by that feeling towards him?” [...]
UK doubles support for Ukraine with £1bn military aid June 30, 2022 THE UK has pledged to give an extra £1bn in military aid to support the Ukrainian war effort, Boris Johnson said at the NATO Leader’s Summit yesterday. The extra money will almost double the total sums Britain has given in military aid to Ukraine so far, in bringing the total amount to £2.3bn. The UK’s extra [...]
Sadiq Khan: London needs to cut its dirty energy addiction and divest from fossil fuel industries June 30, 2022 THE PANDEMIC was devastating for our capital city, country and economy. But the upheaval, loss of life and cost to business that would result from a full-blown climate crisis defies comprehension. It is both unimaginable and unquantifiable. As we host London Climate Action Week, my message is that all of us – cities, businesses and [...]
Russia’s second-richest man and Putin’s cousin are latest targets for UK sanctions June 29, 2022 Russia’s second richest man and president Vladimir Putin’s first cousin once removed are he latest targets of British sanctions against the Kremlin. Owner of major conglomerate Interros, Vladimir Potanin, has been targeted by the UK government because he “continues to amass wealth” that supports Russia’s war against Ukraine. Potanin, who acquired Rosbank and shares in [...]
Are we heading for a global recession? June 29, 2022 Keith Wade, Chief Economist, discusses what central bankers’ next move might be, what markets are pricing in and what the probability of a recession is. People are worrying about a global recession and with good reason. But what if the factors driving rising prices are beyond the limits of policymakers’ control? The squeeze on living [...]
UK cuts oil imports from Russia after Ukraine invasion as Norway establishes energy dominance June 29, 2022 Imports of Russian oil have tanked this year, following the country’s invasion of Ukraine with traders seeking alternatives after Western sanctions.
Oil round up: G7 stops short of unveiling mooted oil price cap while OPEC revels in rising revenues June 28, 2022 The G7 has stopped short of banning the transport of Russian oil above a certain price, and will instead just explore the option.
Wonks divided over plans to exclude fossil fuel plants from emissions checks June 28, 2022 Analysts are split over the Government's reported decision to halt emissions checks on fossil fuel plants ahead of winter.
Windfall tax is a ‘fiscal shock’ to the oil and gas sector, warns industry body in letter to Chancellor June 28, 2022 One of the UK's leading energy bodies has sent a letter to the Chancellor Rishi Sunak, warning the new windfall tax will harm the country's investment climate.