Aramco ramps up fossil fuel spending as oil and gas firms ease off green agenda March 14, 2023 Saudi Aramco shows no signs of pivoting to a greener future, and is targeting a further ramp up in oil and gas prices.
LNG cargoes await supply squeeze as Europe readies itself for tough winter October 26, 2022 Dozens of LNG cargoes have been in slow transit across Europe in recent weeks, awaiting the prime opportunity to unload their valuable resources.
Burger King UK prepares for whopper £600m London listing October 10, 2021 Fast-food chain Burger King is preparing to float on the London Stock Exchange for around £600m, according to reports. Burger King UK is understood to be in advanced discussions with potential advisers, including Investec and Numis bankers, as the company readies itself to list next year, according to The Times, which first reported the news. [...]
Western sanctions struggle to hit Russian revenues, reveals IEA report June 15, 2022 Higher crude oil and fuel prices allowed Russian revenues to climb in May, revealed the International Energy Agency in its latest report.
Why the energy crisis is set to derail the UK economy in 2022 January 7, 2022 A wave of concern over the swelling cost of living is sweeping across Britain. While households are bracing for higher tax bills and are already being stung by food prices leaping, it is swelling energy costs that will hit hardest in 2022. The UK’s benchmark gas prices have quintupled since January 2021, leaping from £54 [...]
The £200bn Covid savings war chest that could prevent a UK recession February 14, 2023 There’s a war chest of nearly £200bn – which started to be built up during the pandemic and has grown ever since – that could save the UK from recession. This may come as a surprise when all we hear from Westminster is how skint we are, but the stash of cash isn’t made up [...]
Energy crisis: Can someone shine a light on the Bulb takeover deal? February 6, 2023 Octopus' takeover deal for Bulb is set to cost the taxpayer much less than originally feared, but the deal remains shrouded in secrecy.
Windfall tax hampers investment says OEUK, as Harbour falls off FTSE 100 December 1, 2022 The Government's decision to toughen the windfall tax has made companies and investors "reassess their plans for the future."
Ofgem could bring in ‘fit and proper’ tests and hedging controls for energy suppliers November 30, 2021 Ofgem could bring in “fit and proper” tests and capital requirements for suppliers as soaring wholesale costs wreak havoc with the market.
Oil prices fall again amid fears of US interest rate hikes November 12, 2021 Oil prices slumped on Friday afternoon amid swirling rumours of impending interest rate hikes and President Biden releasing stored supplies. WTI Crude plummeted 1.89 per cent to $80.03 a barrel, while Brent Crude futures dropped 1.69 per cent to $81.49, wiping out gains from the past week. Both benchmark crude contracts were poised to end [...]