Gas prices hit record levels this month reveals Office for National Statistics March 10, 2022 Gas prices soared 66 per cent in the week up to 6 March 2022 to record levels at 15.5p per kilowatt hour (kWH), according to the ONS.
UAE hints at supporting boost in oil supplies following Russia’s invasion of Ukraine March 10, 2022 OPEC member United Arab Emirates called for more oil supplies to be pumped into the market yesterday amid fears of supply shortages.
Kwarteng commits to North Sea oil and gas as UK phases out Russian energy supplies March 9, 2022 Business Secretary Kwasi Kwarteng has said the government is committed to North Sea fossil fuel
Government re-opens door to fracking after Russian oil ban March 9, 2022 The Prime Minister, Boris Johnson, is open-minded to the idea of bringing back fracking following a near three year moratorium on the process.
Oil prices fall as Europe holds back from energy sanctions on Russia March 9, 2022 Oil prices have dipped this morning after Europe stayed out of ramped-up Western sanctions on Russian energy supplies.
As cost of living crisis rages, Extinction Rebellion plots to block oil refineries across the UK next month March 9, 2022 Extinction Rebellion has announced plans to block major UK oil refineries in April. The direct action group said it intends to “stop the harm at the source” as part of its campaign to force the Government to stop the fossil fuel economy. The protest group Just Stop Oil will also be blocking refineries across the [...]
His Raw Materials: Putin pushes back against oil and gas sanctions with retaliatory measures March 9, 2022 Russia has announced plans to restrict the trade of goods and raw materials, in response to the US and UK imposing oil and gas bans.
Offshore energy body to help ensure security of supply as UK divests from Russian oil March 8, 2022 Trade association Offshore Energies UK (OEUK) is committed to working with the government to ensure secure energy supplies.
Ofgem boss: Hike in household energy bills ‘almost inevitable’ March 8, 2022 Ofgem boss Jonathan Brearley has warned a further painful hike in household energy bills is “almost inevitable."
US ramps up sanctions with plans to ban Russian oil imports March 8, 2022 The US is expected to impose ban on Russian oil imports as it ramps up sanctions following the country's invasion of Ukraine.