Eurozone edges nearer to recession while UK economy ‘stalls’ July 24, 2023 The European economy has edged closer to recession, while the UK is on the brink of slipping into negative growth, closely watched surveys out today reveal. A snapshot of the eurozone’s respective economies showed high inflation and the European Central Bank’s (ECB) efforts to tame it with interest rate rises is cooling activity. Hamburg Commercial [...]
Shapps pledges to ‘max out’ North Sea’s oil and gas reserves July 23, 2023 The government will “max out” the UK’s remaining reserves of North Sea oil and gas, declared energy security secretary Grant Shapps.
Oil prices slide as weak economy data in China fuels demand concerns July 17, 2023 Oil prices have dipped after sluggish growth figures from China renewed concerns about demand in the second half of the year.
The combined power of AI and WhatsApp could wreak havoc for the next election July 11, 2023 The speed of AI generation of deepfakes, combined with WhatsApp’s power for dissemination, could set up for a new battleground at the next election, writes Giles Kenningham
Oil sorted? OPEC gambles on demand revival to boost flagging prices July 10, 2023 OPEC and its allies are banking on demand to rebound and prop up oil prices. If they're wrong, it's time to reassess their influence.
Shell anticipates ‘significantly lower’ gas trading as investors ‘sit on hands’ July 7, 2023 Shell said it anticipates “significantly lower” gas trading in its second quarter results, but questions remain about the energy titan’s claim it’s linked to ‘seasonality’. Ahead of their 27 July results, the firm claims its expected dip was down to “seasonality” in the market, while stressing that the performance would be “in line” with the [...]
Stubborn inflation in UK might finally be set to give way July 7, 2023 It's all about the workforce and yes, Brexit.
Murray to face Tsitsipas in second round at Wimbledon July 5, 2023 Andy Murray will take on Stefanos Tsitsipas today in the second round of Wimbledon after the Greek player overcame Dominic Thiem in a thrilling five-set match. The fifth seed’s Austrian opponent took the opening set before Tsitsipas hit back by winning the second and third sets. Thiem ensured that the match would go to a [...]
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.
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.