Petrol prices spike to record £1.55 as oil markets rally amid supply shortage fears March 2, 2022 Petrol prices have broken records again amid concerns of oil supply shortages following Russia's invasion of Ukraine.
Oil prices peak at $113 per barrel as fears over supply shortages escalate March 2, 2022 Both major benchmarks have continued to rally amid growing concerns over supply disruption following Russia's invasion of Ukraine.
Oil prices surge as Western sanctions on Russia bite March 1, 2022 Both major oil benchmarks surged today, amid escalating concerns over supply disruptions after Russia's invasion of Ukraine.
Discount retailers benefit from cost of living crunch as shoppers head to Aldi and Lidl March 1, 2022 Grocery price inflation hit a new high of 4.3 per cent last month, with budget supermarkets luring shoppers in as the cost of living intensifies. Fresh data from Kantar reveals the fastest rate of inflation since September 2013, with the exception of the start of the pandemic when households panic bought essentials. Aldi and Lidl [...]
Steepest rise since 2013: Train fare hike of almost 4 per cent to hit commuters from TODAY March 1, 2022 Train passengers in England and Wales face an increase in fares of up to 3.8 per cent from this morning. It is the steepest increase since January 2013, according to figures from industry body the Rail Delivery Group (RDG). Therefore, the Government has been accused of adding to the cost of living crisis following the [...]
Kwasi Kwarteng: Fracking not the answer to soaring energy bills February 28, 2022 The business secretary has rejected onshore fracking for gas as the solution to swollen energy prices. In a series of tweets on Monday, Kwasi Kwarteng pointed instead to investment in “cheap, clean power” in order to protect the UK from global gas markets. Extra supply generated from untapped shale reserves in the UK “won’t materially [...]
Oil and gas rebound as pressure mounts on Russia February 28, 2022 Oil and gas prices are soaring again after the West imposed stiff sanctions on Russian financial institutions yesterday.
Ukraine crisis: what does it mean for asset allocation? February 28, 2022 Russia’s invasion of Ukraine, which is having devastating human consequences, has increased the risk of a stagflation environment – one of slowing economic growth but high inflation. How should investors prepare for this possible scenario? Our analysis reveals which asset classes are likely to outperform if it comes to pass. Our live blog on the Ukraine crisis [...]
Petrol prices hit £1.51 per litre as cost of living crisis deepens February 28, 2022 UK petrol prices have broken records yet again following Russia’s invasion of Ukraine, which has further driven fears of supply shortages and seen oil prices spike to over $100 per barrel for the first time since 2014. The latest fuel watch figures from motoring group RAC reveal that unleaded petrol hit a peak on Sunday, [...]
Analysis: UK more bullish on energy sanctions with EU’s Russian dependency raising supply fears February 27, 2022 The West has ramped up sanctions against Russia but only the UK appears eager to push for new limits to Russian energy supplies.