‘That won’t lower our bills’: Greenpeace slams government for new gas field approval June 2, 2022 Greenpeace has slammed the UK government’s decision to grant Shell a permit for a new gas field, saying it will fail to cut energy bills which are set to rise again this October. The Jackdaw field, part of the major North Sea development, cleared its final regulatory hurdle yesterday, business and energy secretary Kwasi Kwarteng [...]
EU considers bloc-wide tax on energy prices as winter crisis deepens September 1, 2022 The EU could bring in a bloc-wide tax on energy profits and cap prices as it ramps up its response to an escalating winter crisis.
Crypto donations continue to pour into Ukraine’s war effort March 14, 2022 Francisco Memoria thumbs through the last seven days in crypto to highlight the narratives that marked the week.
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.
European Central Bank hikes rates 25 basis points to 2001 and hints at more to come June 15, 2023 The European Central Bank (ECB) today signed off what many thought would be its final interest rate rise, but lingering concerns about high inflation may lure the monetary authority into further increases, experts have bet. The monetary authority of the 20 countries using the euro sent borrowing costs up 25 basis points to 3.5 per [...]
Energy body: Windfall tax starting to deter investment June 19, 2022 ENERGY industry bigwigs have warned the first signs of the windfall tax’s chilling effect on investment are starting to be felt after reports that the Norwegian state energy company is considering abandoning a £4.5bn North Sea oil project. The Sunday Telegraph reported this weekend that Equinor’s involvement in the Rosebank Field was now in question [...]
UK inches closer to first coal mine in three decades April 24, 2022 Michael Gove is reportedly inching closer towards approving a new coal mine – Britain’s first in 30-years – as the government looks to cut its reliance on Russian energy imports. The levelling up secretary is understood to be supportive of plans to open a Cumbrian deep coal site, Conservative sources told The Telegraph, which will [...]
Oil slumps as Russian troops return to base and investors cash-in on market rallies February 15, 2022 Profit taking from investors and reports of Russian troops pulling back from Ukraine's borders has weighed down oil prices.
Investors suing Russia say Kremlin will use law firm’s exit to delay $57bn Yukos Oil proceedings April 3, 2022 Investors suing the Russian state have raised concerns their case will be delayed after the New York City law firm acting on behalf of Russia exited the country and cut its ties with the Kremlin. A consortium of investors said they fear Russia will use delays to avoid paying a $57bn (£43bn) claim, by arguing [...]
UK introduces new Russian airline sanctions May 19, 2022 The UK has announced new restrictions on Russian airlines as the war in Ukraine continues.