Oil rallies stutter as US-Iran talks reach final stages February 17, 2022 Oil prices have dropped this morning as talks to revive the aborted nuclear deal with Iran have progressed over recent days.
Soaring costs expected to drive people to putting homes on Airbnb February 16, 2022 Holiday rental platform Airbnb has said it anticipates bookings to hit pre-pandemic levels for the first time in the current quarter as Covid fears ease. The number of nights booked in cities in the last three months of 2021 neared 2019 levels, it said in results. The pressure of rising costs would influence individuals to [...]
Crude Awakening: The necessity of oil and gas in the green transition February 15, 2022 Oil and gas have a role to play in the energy mix of developed economies, even as the world transitions to renewable energy sources.
Looming Russia-Ukraine conflict sends chill through City February 14, 2022 Mounting fears over an imminent Russian insurgency of Ukraine rippled throughout the City yesterday, wiping billions off of the value of the UK’s top companies. The potentially devastating impact of a war in eastern Europe spooked investors and sent them flooding into safe assets. In a bruising day on the Square MIle, the FTSE 100 [...]
Oil and gas rally as fears of Russia invading Ukraine rise February 14, 2022 Energy commodities have responded resoundingly to reports from Washington that Russia could invade at "any moment".
Government minister urges Brits to leave Ukraine as West fears looming Russian invasion February 12, 2022 Armed Forces Minister James Heappey has urged British nationals living in Ukraine to "leave now" as the RAF will not be able to rescue them.
Oil prices rally to seven year highs amid rising fears Russia will invade Ukraine February 12, 2022 Oil prices rallied on Friday to fresh seven-year highs, with both benchmarks revived by escalating fears of a Russian invasion of Ukraine.
Want fairness? Beware the opportunistic calls for a windfall tax on energy giants February 10, 2022 Both the Labour and the Lib Dems have proposed a “one-off” windfall tax on the profits of UK oil and gas companies to help families struggling with their energy bills. Surely it’s only fair that giants like BP and Shell, making bumper profits, should be asked to pay a little more? Not quite. For a [...]
Cost of living crunch bites Brits’ optimism February 8, 2022 Fears over a sharp erosion in living standards driven by the cost of living crunch is weighing on Brits’ confidence levels, reveals a fresh survey published today. Consumer confidence in the UK dipped to its lowest level in 11 months last month, according to research by Bank of America. Concerns over inflation hitting household budgets [...]
Rishi Sunak to offer council tax rebates and cuts to protect households from rising energy bills February 3, 2022 The Treasury is preparing a council tax rebate scheme as part of Chancellor Rishi Sunak's plans to ease the pressure on UK households this spring.