Oil prices recover to week-high totals despite US commitment to releasing 50m barrels November 23, 2021 Oil prices have rebounded towards $81 on both benchmarks yesterday despite US plans to release 50m barrels of oil from the Strategic Petroleum Reserve.
Shell holds talks with investors to push through London HQ move November 23, 2021 Royal Dutch Shell is talking with investors yesterday as it looks to relocate its HQ from the Netherlands to UK.
Energy cap backlash gets louder as MP who called for measure says it has ‘completely failed’ November 23, 2021 The energy price cap has “completely failed” says John Penrose, the Conservative MP who first called for a consumer tariff in parliament.
Telecom Plus: Shares soar despite decline in profits in crisis-hit industry November 23, 2021 Shares in Telecom Plus have rocketed 11.57 per cent despite falling profits amid expectations of a 10 per cent growth in customers.
Ofgem terminates energy competition probe after PayPoint agrees to cough up £12.5m November 23, 2021 Energy regulator Ofgem has formally accepted commitments from PayPoint to change its ways following an investigation into whether the firm breached competition laws. PayPoint will also hand over £12.5m to the regulator and remove exclusivity clauses from its contracts with energy suppliers for pre-pay customers, who top up their meters using the company’s services. The [...]
British Gas takes on customers from collapsed energy firms as price crisis deepens November 22, 2021 British Gas has swooped in to supply stranded customers from collapsed firms Neon Reef and Social Energy as the energy price crisis deepens.
Energy crisis deepens as Bulb enters special administration amid soaring wholesale costs November 22, 2021 Bulb has collapsed into administration amid soaring wholesale energy costs that have caused 21 suppliers to cease trading since September.
Carbon capture patents rise for fifth year running as China aims to mitigate reliance on fossil fuels November 22, 2021 Global patents for carbon capture and storage have risen 22 per cent, increasing for the fifth year in a row amid heavy coal usage from China.
UN crowns nuclear as lowest carbon electricity source November 22, 2021 Nuclear power has been ranked as the lowest carbon electricity source and appears to back UK plans to expand its infrastructure
Oil toils: Prices slide to seven-week low as Covid-19 cases surge across Europe November 21, 2021 Oil prices slide to seven week lows amid rising Covid-19 cases and positive noises from Japan regarding releasing reserves.