Activist challenges to energy firms lose momentum as investors focus on supply security June 5, 2022 Motions pushing for energy giants to curb emissions to meet climate change goals have lost momentum following Russia's invasion of Ukraine.
North Sea oil and gas sector jeopardised by windfall tax warns Investec June 5, 2022 The windfall tax could accelerate the decline of the UK's oil and gas sector and increase the country's dependence on overseas suppliers, argued Investec.
Oil markets to open high as supply concerns escalate despite OPEC+ boost June 5, 2022 Oil prices will begin trading next week just below the $120 milestone, with expectations of rebounding demand putting pressure on tight supplies.
Alexander Litvinenko: Russian man accused of posioning former spy dies from Covid June 4, 2022 One of the two Russian men accused of poisoning former spy Alexander Litvinenko has reportedly died of Covid. Dmitry Kovtun, who was accused by Britain of assassinating the Kremlin critic in 2006, has passed away at a Moscow hospital, according to reports from the TASS news agency. British citizen Litvinenko had died a number of [...]
Pint at London pub surges past £8 price amid sky-high inflation June 4, 2022 The average price of a pint has surpassed £8 at one London pub, for the first time, as historic levels of inflation have forced landlords to up prices across the country. The price tag of a drink has soared over 70 per cent since the financial crisis of 2008, according to data from insights firm [...]
EU to ween off Russian oil within six to eight months June 3, 2022 The European Union (EU) has green lit a sixth round of Russian sanctions today, as Ukraine marks its 100th day since Russia’s invasion. “The Council decided today to impose a sixth package of economic and individual sanctions targeting both Russia and Belarus,” the EU Council said in a press release today. The EU plans to [...]
Ukraine mulls extra import duty as it hikes interest rate to seven-year high June 2, 2022 Ukraine’s central bank is considering bringing in an extra import duty on non-critical imports, having hiked its main interest rate to a seven-year high. The country has increased interested rates from a previously frozen 10 per cent to 25 per cent today, in the first tightening of policy from the National Bank of Ukraine (NBU) [...]
OPEC+ hikes summer oil production targets, bringing September lift forward June 2, 2022 OPEC+ has hiked its production quotas for July and August, the oil organisation said in a statement today, having already lifted its target for next month. The organisation, which consists of the Organization of Petroleum Exporting Countries and allies including Russia, has committed to boosting output by a further 648,000 barrels per day – bringing [...]
‘That won’t lower our bills’: Greenpeace slams government for new gas field approval June 2, 2022 Greenpeace has slammed the UK government’s decision to grant Shell a permit for a new gas field, saying it will fail to cut energy bills which are set to rise again this October. The Jackdaw field, part of the major North Sea development, cleared its final regulatory hurdle yesterday, business and energy secretary Kwasi Kwarteng [...]
An update from Fund Manager of abrdn Asian Income, Yoojeong Oh June 1, 2022 To watch the update video in full, visit: https://doceo.tv/funds/abrdn-asian-income Market sentiment remains very jittery. The Russia-Ukraine conflict has further added to several macro challenges in Asia. These include a slowdown in China driven by regulation, the common prosperity policy, the zero-Covid strategy, as well as geopolitics. The spread of Omicron as well as rising inflation, [...]