Office for Budget Responsibility warns household energy bills could double this year March 23, 2022 Energy bills could spike 40 per cent this winter, warned the OBR, placing further pressure on cash-strapped households.
BP considers North Sea oilfield sale amid market rallies March 23, 2022 BP is reportedly pursuing buyers for its closed Foinaven oilfield in the North Sea with oil prices rallying
Sunak cuts fuel duty to ease pressure on motorists March 23, 2022 Fuel duty will be cut by five pence per litre for the next 12 months, revealed Chancellor Rishi Sunak in the Spring Statement today.
Rishi Sunak needs to tell a story if he wants to keep a hold on the economy March 23, 2022 In an interview with the Sunday Times earlier this month, Gordon Brown gave a quote that was both reflective of his past failings and the challenge that lies ahead for Rishi Sunak. “I’m afraid we didn’t win the argument. You learn as you get older, or at least more experienced, that the facts are not [...]
European energy firms dithering over Russia departure March 23, 2022 European companies are dithering over departing from Russia - with key assets and supply deals in the sanction hit country.
Scottish Power exits business supplier market March 23, 2022 Energy firm Scottish Power revealed earlier this week it will stop selling energy to British industrial and commercial customers.
Exclusive: Yü Group boss hopes to pick ‘low hanging fruit’ from Big Six suppliers March 23, 2022 The Big Six energy firms are asleep at the wheel, meaning challenger suppliers have a great chance to pick up new customers.
Soaring energy bills cause hospitality businesses to raise prices and cut opening hours March 23, 2022 Spiralling energy bills are forcing hospitality businesses to raise prices and cut trading hours, says a new survey from four UK trade bodies.
Total severs Russian oil supply contracts March 22, 2022 French oil giant TotalEnergies said it would cut off the Russian gasoil and crude oil supply contracts for its German refinery today.
Oil rally stalls as EU remains split on sanctions March 22, 2022 Oil prices stumbled today as the prospect of an EU embargo on Russian oil faded - while the dollar also strengthened in the US.