OPEC+ decisions not politicised, Saudi energy minister insists February 20, 2023 Decisions by OPEC+ are not politicised, argued Saudi Arabian energy minister Prince Abdulaziz bin Salman.
Oil prices show signs of recovery after banking crisis subsides and commodity investors reassured March 17, 2023 Oil prices suffered their biggest weekly falls since December as a banking crisis rocked financial markets and spooked investors.
Oil markets stabilise after Credit Suisse crisis sank prices to a15-month low March 16, 2023 Oil markets have calmed after sliding to 15-month lows yesterday, with tensions easing after Credit Suisse was given a £45bn emergency loan.
Spring Budget 2024: Jeremy Hunt expected to announce new tax on vaping February 27, 2024 Jeremy Hunt is expected to announce a new tax on vaping products at next week’s Budget.
Oil prices propped up by OPEC+ supply cuts amid gloomy economic forecasts April 10, 2023 Oil prices have stabilised today after three straight weeks of gains, with further supply cuts from OPEC+ propping up both major benchmarks.
Mark Carney’s net zero group disputes data showing only 7 per cent of banks’ energy financing goes to renewables January 24, 2023 Only seven per cent of global banks’ energy financing between 2016 and 2022 went towards renewable energy projects, according to new data, although Mark Carney’s net zero financial coalition has disputed the claim. A report by a group of campaign groups, including BankTrack and Rainforest Action Network, indicates “major failings” by financial institutions to help [...]
Russian oil exports reach highest levels since Ukraine invasion as China and India buy up supplies May 16, 2023 Russian oil exports shot up to their highest levels since its invasion of Ukraine, with the majority heading towards China and India, according to the International Energy Agency. In its latest monthly oil report, the Paris-based climate agency said total oil shipments reached “a post-invasion high” in April rising to 8.3m barrels per day (bpd), [...]
Forget the £5bn price tag – a better border could still be a Brexit win May 20, 2024 Claims that Brexit border controls have cost taxpayers £5bn do not amount to a proper cost-benefit analysis, says Julian Jessop The National Audit Office (NAO) has rightly had a go at the government’s handling of the rollout of new import controls after Brexit. But it is still too soon to judge the long-term impact. The [...]
Energy efficiency can combat Putin’s political pull over gas July 25, 2022 In the past few weeks, Vladimir Putin has significantly reduced gas supplies to European countries, cementing the fact that Europe should begin preparations for a complete cut off from Russian gas. In response, European countries are taking emergency measures, such as firing up old coal-fired power stations. While some leaders might try to justify these [...]
It’s time for politicians to stop fighting the Brexit battle November 6, 2023 Today a new report claims to show that Brexit “has not had a major detrimental effect on UK–EU trade”.