North Sea oil and gas sector jeopardised by windfall tax warns Investec June 5, 2022 The windfall tax could accelerate the decline of the UK's oil and gas sector and increase the country's dependence on overseas suppliers, argued Investec.
Oil markets to open high as supply concerns escalate despite OPEC+ boost June 5, 2022 Oil prices will begin trading next week just below the $120 milestone, with expectations of rebounding demand putting pressure on tight supplies.
Shell refuses to set up Gazprom account as it continues Russian withdrawal May 31, 2022 Energy giant Shell has confirmed it will not set up a rouble account, under new terms demanded by Kremlin-backed giant Gazprom.
Gazprom widens gas cuts after EU brings in oil ban May 31, 2022 Russia has escalated its economic warfare with Europe, with Gazprom widening gas cuts across the continent in retaliation to Western sanctions.
Petrol retailers are not profiteering despite record prices at the pumps, say experts May 31, 2022 Petrol retailers are not engaging in wholesale profiteering amid record forecourt prices said industry analysts.
Tony Blair: Ditch the expensive ‘raincoats’ and just cut energy bills in half with mandatory green homes May 31, 2022 Free energy plans should be offered to every home in the UK to lower emissions while reducing energy bills before making them mandatory in the mid-2030s, according to a report by the Tony Blair Institute, shared with Morning Wire this morning. The recommendation is one of a number of measures the report says could halve [...]
Government’s net zero strategy only speaking to ‘energy elite’ warns Utilita boss Bill Bullen May 31, 2022 The government's net zero strategy is only resonating with the UK's "energy elite", argued Utilita Energy boss Bill Bullen.
Centrica confirms sale of Spirit Energy’s Norwegian assets in $1bn-plus deal May 30, 2022 Centrica has confirmed the sale of Spirit Energy's Norwegian assets in deals reaching over $1bn in overall value, as it looks to focus on domestic markets.
Oil prices rise above $120 milestone as China finally lifts oppressive lockdown measures May 30, 2022 Oil prices breached the $120 milestone today - hitting a two-month high as China eased Covid-19 restrictions in its biggest city.
Supply security: Government holds talks with Centrica over gas storage while EU delays oil ban May 30, 2022 The government is holding talks with Centrica about re-opening a gas facility, in case European supplies from Russia are cut off.