Sunak’s government set to miss £11.6bn climate commitment July 5, 2023 Rishi Sunak’s promise to meet an £11.6bn climate and nature pledge looks set be missed, according to a leaked internal memo.
Gas prices stay persistently high as prospect of bleak winter bills ratchets up July 5, 2023 Gas prices remain stubbornly high this summer, dashing hopes of lower energy bills over the winter when demand will be at is at its peak.
FTSE-listed Prospex confirms first gas at new Italian field July 5, 2023 Prospex Energy has announced first gas at the freshly developed onshore Selva field in the Po Valley region of Northern Italy.
Ofwat boss fails to rule out more supplier struggles after Thames Water woes July 5, 2023 Water suppliers will not be allowed to rack up debts and underinvest again following Thames Water’s financial troubles, Ofwat vowed yesterday.
Cornwall Insight: Don’t expect energy bills to ease this winter July 4, 2023 Energy bills will remain near double pre-crisis levels, suggests Cornwall Insight in its latest price cap forecasts.
Renewables warning: ‘Race to the bottom’ on production prices risks destabilising entire wind industry July 4, 2023 The energy sector has urged the government not to pressure renewable producers into generating power at lower prices.
Shapps: Labour ‘sponsored by Just Stop Oil’ in light of ‘bonkers’ fossil fuel project ban July 4, 2023 Shapps has reaffirmed his support for domestic fossil fuel projects, as approval for the largest undeveloped oil and gas field looms.
Oil prices struggle to rebound despite latest cuts from Saudi Arabia and Russia July 4, 2023 Fresh supply cuts from top exporters Saudi Arabia and Russia has failed to drive up prices for oil in this morning's trading.
Gold prices robust as more Fed interest rate hikes loom July 4, 2023 Gold prices are showing signs of resilience in this week's trading, following a two week decline that saw $30 knocked off its value.
Shell urged to set up Ukraine fund after Russian ‘blood money’ trading July 4, 2023 Shell is facing calls to set up a repair fund for war-torn Ukraine after continuing to trade in Russian LNG following the country's invasion.