MPs and peers urge Boris Johnson to scrap taxes on energy bills to reduce cost of living crisis January 2, 2022 Twenty Tory MPs and peers have called for the Prime Minister to scrap VAT and environmental levies on energy bills to ease the cost of living crisis.
Gazprom likely to have missed gas export targets to Europe amid deepening energy crisis January 2, 2022 Gazprom is likely to have fallen short of its natural gas export targets in Europe as wholesale costs soar to record levels amid global supply shortages.
Oil prices dip two per cent as Omicron variant renews concerns of supply glut January 2, 2022 Oil prices have fallen amid rising fears of reduced demand and a supply glut next year following record Covid-19 cases reported in major economies.
Novak Djokovic withdraws from ATP Cup ahead of Australian Open December 29, 2021 World No1 Novak Djokovic has withdrawn from the ATP Cup, raising doubts over whether he will compete in next month’s Australian Open. The ATP Cup begins on Saturday in Sydney and will see 16 countries take part, including Djokovic’s Serbia. This follows the withdrawal of Austrian dup Dominic Thiem and Dennis Novak. Djokovic does however [...]
Collision risk: China files official UN complaint against US’ space etiquette December 28, 2021 China has filed an official complaint with the United Nations regarding the US’ space etiquette. Two near collisions involving SpaceX’s Starlink Internet Services and the China Space Station on July 1 and October 21 prompted the filing. China’s foreign minister urged the US to act responsibly, after it accused it of ignoring its obligations to [...]
Vladimir Putin threatens Russia will consider all options if West does not give security guarantees: ‘We must tell them, stop!’ December 27, 2021 If the West does not give Russia any new security guarantees, including Ukraine not joining NATO, Vladimir Putin will ponder all options, it has emerged. Earlier this month, Moscow submitted draft security documents demanding that Nato deny membership to Ukraine and other former Soviet countries and roll back its military deployments in Central and Eastern [...]
Yamal-Europe pipeline reports reverse flows for sixth day running as Europe’s energy crisis deepens December 26, 2021 The Yamal-Europe pipeline has been sending fuel eastwards for the sixth day running as fears over energy shortages this winter continue to rise.
Oil prices show signs of recovery after encouraging reports on Omicron variant December 23, 2021 Oil prices remain stable following multiple reports from the UK confirming the Omicron variant is milder than previous variants.
Market outlook for 2022 December 23, 2021 With 2021 is ending a relatively volatile fashion compared to the calm that prevailed throughout most of the year, is this a recognition of the issues that lie ahead in 2022? Inflation The ‘great reopening’ of the global economy of 2021 prompted a bout of inflation of a magnitude not seen for decades. A spiral [...]
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.