Aramco revels in record profits powered by booming oil prices May 15, 2022 Saudi Aramco (Aramco) has reported a massive 82 per cent spike in profits over the first three months of the year powered by lucrative oil trading.
Finland will apply to join NATO next week after Russia warns of ‘retaliatory steps’ May 15, 2022 Finland will apply to join NATO, its president has confirmed, despite Putin warning it would be a “mistake”. Membership of the military alliance will “maximise” Finland’s security in the wake of Russia’s invasion of Ukraine, Finland’s president Sauli Niinisto said. The nation will submit a formal application for membership to NATO headquarters in Brussels next [...]
Oil prices rebound heading into next week’s trading with China to ease pandemic restrictions May 15, 2022 Oil prices are up heading into next week, with China set to ease some of its pandemic restrictions while the EU weighs up a Russian oil ban.
Oil bodies downgrade demand expectations as lockdowns and inflation bite May 13, 2022 Leading oil bodies have downgraded expectations for crude demand this year, amid continued volatility in the market.
Letters: Are we trusting the Bank? May 13, 2022 [Re: UK recession to hit sooner than first thought as economy shrinks unexpectedly, yesterday] With the UK seemingly entering a period of stagflation, it’s clear that the Bank of England has taken the right course of action by raising interest rates earlier this week – a necessary move to help tackle the challenge faced by [...]
Shell set to sell Russian petrol stations May 13, 2022 UK-based oil giant Shell has announced it will sell its petrol stations in Russia as it continues plans to exit the country.
Eurovision 2022 faces new levels of politics May 13, 2022 Whilst the Eurovision contest has always been given a political tint by viewers, who look for signs of the audience turning towards or against nations based on geopolitical factors, this year feels especially pertinent for Europeans tuning in tomorrow evening. With Russian banned, Ukraine is already the favourite to win with its folk and rap [...]
Germany brings in more emergency measures to control gas supplies amid supply shortage fears May 13, 2022 Germany has brought in new measures to control the country's energy supply amid continued volatility in global gas markets.
Building nuclear power plants will only drive up energy bills even further, Business Secretary Kwasi Kwarteng warns May 13, 2022 The Government’s ambitious nuclear power push may initially increase energy bills, the Business Secretary has warned. Kwasi Kwarteng said the plan to build new power plants as part of a new energy strategy may have a “small effect” on bills. But he told the BBC “nuclear is back on the table” because the Government considers [...]
We have lift off: UK and US pen landmark partnership to drive space growth May 13, 2022 Future spaceflight is set to be made easier and cheaper, following a landmark partnership with the US to help cut red tape and boost opportunities in the UK, signed by the Transport Secretary this week in Washington.