Shell is going great guns on LNG and bets China will drive Asian demand February 14, 2024 Shell reckons LNG will become a primary economic driver as Asia tries to quit coal
Sunak: We must ‘go faster’ on climate change after Putin’s Ukraine invasion November 7, 2022 Rishi Sunak told world leaders today that Vladimir Putin’s invasion of Ukraine was “a reason to go faster” on switching to renewable energy. The Prime Minister told the Cop27 climate summit that green energy is a “fantastic source of new jobs and growth”, while vowing to stick to the UK’s climate promises from last years’ [...]
Will oil prices hit $100 a barrel in 2024? April 9, 2024 Against many market bets, oil prices have risen sharply throughout the first quarter of 2024. But can prices hit $100 this year?
Militant rail unions blame Tories for FA Cup and Eurovision strike disruption April 30, 2023 The leader of the train drivers’ union has angrily attacked the Transport Secretary after he criticised a planned strike on the eve of the Eurovision Song Contest final for its impact on Ukraine. Union members will walk out on May 12 as part of a long-running dispute over pay, as well as on May 31 [...]
UK has enough gas for summer demand, National Gas Transmission confirms April 18, 2023 The UK will have sufficient gas supply to meet demand from April to September and is expected to sustain flows to Europe
Rishi Sunak commits to warship expansion as war in Ukraine continues November 15, 2022 Rishi Sunak has said that the UK plans to build five more British warships as the war in Ukraine continues to rage on. The Prime Minister is currently attending the G20 summit in Bali, Indonesia, which has been dominated by talk of Russia’s invasion. Sunak announced that defence manufacturer BAE Systems had been awarded a £4.2bn contract [...]
UK blocks Russia from buying professional services following annexation of Ukrainian regions October 3, 2022 The UK has placed new sanctions on Russia, blocking its citizens and businesses from purchasing an array of services from British firms, over the Kremlin’s decision to annex four regions of Ukraine. The new sanctions seek to further damage Russia’s economy by hindering the country’s access to IT consultancy, architectural, engineering, accounting, and commercial legal [...]
Russia retreats from Kherson in major setback for Putin November 9, 2022 Russia has ordered its troops to retreat from the Ukrainian port city of Kherson in a major setback for Vladimir Putin’s war effort. Russian general Sergei Surovikin today said it was no longer possible to supply the city and the western bank of the River Dnipro. Kherson, which had a pre-war population of 280,000, was [...]
War, what is it good for: BAE Systems announces bumper dividend August 2, 2023 BAE reported profits of £1.23bn this morning and upped its dividend by 11 per cent year-on-year, as it continued to cash in on increased UK defence spending and soaring demand amid the war in Ukraine. Britain’s premier defence contractor saw an order intake of £21.1bn in the first half of 2023, resulting in a record [...]
Truss vows to maintain UK’s military aid for Ukraine in 2023 September 20, 2022 Liz Truss has vowed to maintain the UK’s military aid for Ukraine next year, after arriving in New York for the United Nations General Assembly. The Prime Minister will underline her commitment to Ukraine in her UN speech tomorrow and tell western leaders that “we must put an end to Putin’s economic blackmail by removing [...]