Oil round up: India weighs up Russian oil as Boris Johnson calls on Saudi Arabia to boost output March 14, 2022 India is considering a Russian offer to buy crude oil and other commodities at discounted prices through a rupee-rouble transaction.
UK looks north: Oil and gas remain key to energy independence March 14, 2022 The UK is seemingly committed to North Sea oil and gas as it cuts itself off from Russian energy supplies following the invasion of Ukraine.
Last orders: Restaurant insolvencies spike as economic pressure bites March 13, 2022 Restaurant insolvencies jumped 20 per cent, according to the latest data published from accountancy group UHY Hacker Young It revealed that insolvencies rose to 354 in the last quarter of 2021, – up from 296 in the previous three-month window. UHY Hacker Young argues that despite the end of coronavirus restrictions, the sector will continue [...]
Octopus bets big on wind power with four new European deals March 10, 2022 Octopus Renewables will nearly double its wind power capabilities after reaching four new deals to ramp up power generation in Europe.
Gas prices hit record levels this month reveals Office for National Statistics March 10, 2022 Gas prices soared 66 per cent in the week up to 6 March 2022 to record levels at 15.5p per kilowatt hour (kWH), according to the ONS.
Kwarteng commits to North Sea oil and gas as UK phases out Russian energy supplies March 9, 2022 Business Secretary Kwasi Kwarteng has said the government is committed to North Sea fossil fuel
Oil prices fall as Europe holds back from energy sanctions on Russia March 9, 2022 Oil prices have dipped this morning after Europe stayed out of ramped-up Western sanctions on Russian energy supplies.
Ofgem boss: Hike in household energy bills ‘almost inevitable’ March 8, 2022 Ofgem boss Jonathan Brearley has warned a further painful hike in household energy bills is “almost inevitable."
Energy sanctions on Russia could leave Europe exposed warn analysts March 8, 2022 Analysts suggest Europe will struggle to make up the shortfall in Russian gas supplies if it rolls out energy sanctions on the country.
Bulb Energy could cost taxpayers £3bn amid spiralling wholesale prices March 7, 2022 The collapse of Bulb Energy (Bulb) into special administration could cost taxpayers £3bn after Russia's invasion of Ukraine.