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Tag: energy


Energy, Industries

US Crude Oil Hands Back Early Gains As Demand Doubts Resume Control

May 15, 2024

Via: DailyFX

US Crude oil prices failed to hold on to early gains in Europe on Wednesday but the market’s recent range held firm. Energy markets had found support into the open thanks to data released in the previous session showing a […]


Energy, Industries

Shell Launches $3.5 Billion Buyback

May 2, 2024

Via: The Wall Street Journal

Shell’s SHEL 2.13%increase; green up pointing triangle first-quarter adjusted earnings fell by less than expected, buoyed by a strong performance by its integrated gas division and kicked off a $3.5 billion share buyback program to close the valuation gap between […]


Energy, Industries

Ofgem launches consultation on future of energy price cap amid UK net zero push

March 25, 2024

Via: MoneyWeek

Ofgem has launched a review into the future of the energy price cap in a bid to ensure it continues to protect consumers in the net zero age. The energy regulator said the move towards renewable energy sources, use of […]


Energy, Industries

Regulators told to increase pressure on energy, water and telecoms suppliers amid soaring inflation

June 28, 2023

Via: Sky News

Jeremy Hunt brought in the regulators for the energy (Ofgem), water (Ofwat) and telecoms (Ofcom) sectors, along with the Competition and Markets Authority (CMA) and City watchdog the Financial Conduct Authority (FCA). The Treasury said the FCA would report by […]


Energy, Industries

Energy price cap set to remain more than £1,000 higher than average pre-pandemic bill

May 19, 2023

Via: Sky News

Ahead of the industry regulator’s determination on the price cap level due next week, energy research specialist Cornwall Insight said it saw the cap for a typical household at the equivalent of £2,053 per year from July-September. That was down […]


Energy, Industries

Oil Price Update: WTI and Brent Eye Fourth Consecutive Day of Losses

March 10, 2023

Via: DailyFX

Crude Oil faced renewed selling pressure this morning in what has been a difficult week for the commodity. This followed a positive start to the week as WTI by broke above the 100-day MA for the first time since November […]


Energy, Industries

Crude Oil Price Forecast: Demand Projection Fueled by Chinese Growth Outlook

March 7, 2023

Via: DailyFX

Crude oil is looking for its 6th consecutive positive day this Tuesday which has gathered steam from positivity around the Chinese economy. Although China revised growth forecasts (GDP) higher to 5% after a roughly 3% last year, markets were expecting […]


Energy, Industries

Energy bill support to be extended as price rise looms

March 3, 2023

Via: Sky News

Sky News understands the chancellor will cancel a reduction in support that would have seen typical annual bills rise from £2,500 to £3,000. In recent days, the government has asked energy suppliers to prepare for both scenarios, fuelling a widespread […]


Energy, Industries

Natural Gas Price Action Setup: Is This It?

February 28, 2023

Via: DailyFX

The sharp rebound in natural gas in recent days is a sign that bears are getting exhausted. However, it may be premature to assume that the worst is over. Natural gas fell to a 2.5-year low last week before rebounding […]


Energy, Industries

High energy prices are here to stay

February 24, 2023

Via: MoneyWeek

Six months ago, Cornwall Insight, a consultancy that nobody had previously heard of, was forecasting that the energy price cap would reach £6,616 per year. Mainstream media accepted that without question. In fact, the price cap was set at £2,500 […]


Energy, Industries

Natural Gas Price Weekly Outlook: Bearish Rectangle Breakout Spells Trouble?

February 20, 2023

Via: DailyFX

Natural gas prices continued a broader losing streak since the summer of 2022 last week. Following a brief pause on the week of February 6th, the commodity fell 9.5% over the past 5 trading sessions. Prices also confirmed a breakout […]


Energy, Industries

When is the next energy price cap announcement and what does it mean for your bills?

February 14, 2023

Via: MoneyWeek

The energy regulator, Ofgem, will announce its energy price cap for April to June later this month, 27 February. Although your household bills are currently determined by the government’s Energy Price Guarantee (EPG), Ofgem continues to set a quarterly price […]


Energy, Industries

Crude Oil Price Forecast: Brent Bid Ahead of OPEC Report and US CPI

February 14, 2023

Via: DailyFX

Brent crude oil is bid this morning finding support from a weaker U.S. dollar which will likely be the main driver of market pricing today. From a crude oil perspective, OPEC is scheduled to release its monthly market report later […]


Energy, Industries

Crude Oil Holds the High Ground on US Dollar Weakness. Will WTI go Higher?

February 8, 2023

Via: DailyFX

Crude oil has held onto overnight gains with the WTI futures contract trading above 77 U.S. Dollars and the Brent contract is trading over 83.50 U.S. Dollars. Risk assets were generally buoyed going into the Asian session by the perception […]


Energy, Industries

Europe reaches deal for price cap on Russian diesel

February 3, 2023

Via: ABC News

European Union governments tentatively agreed Friday to set a $100-per-barrel price cap on sales of Russian diesel to coincide with an EU embargo on the fuel — steps aimed at ending the bloc’s energy dependence on Russia and limiting the […]


Energy, Industries

Oil steadies with spotlight on EU embargo, U.S. jobs data

February 3, 2023

Via: Investing.com

Oil prices steadied on Friday as investors sought more clarity on the imminent EU embargo on Russian refined fuels, with prices set for a second weekly loss in the absence of clear signs of demand recovery in top consumer China. […]


Energy, Industries

Crude Oil Testing Multi-Week Resistance on Positive Chinese Outlook

January 18, 2023

Via: DailyFX

China yesterday reported better-than-expected December growth figures, fueling thoughts that one of the world’s largest growth engines may be moving into a higher gear. While the data was still sharply lower than the prior quarters, GDP, retail sales, and industrial […]


Energy, Industries

Energy bill support for businesses to be cut back from April through discount

January 9, 2023

Via: Sky News

The government is set to confirm later on Monday that it has decided on applying a discount to wholesale prices, for up to a year, following talks involving business leaders last week. It would replace the fixed price on wholesale […]


Energy, Industries

Crude Oil Slips as US Dollar Rallies Amid Recession Fears. Will WTI Push Lower?

January 4, 2023

Via: DailyFX

Crude oil made a two-week low today as markets started the new year on a nervous note with economic prospects under question amid further tightening from central banks. Crude has steadied so far today with the WTI futures contract near […]


Energy, Industries

After a Bumpy Year, Renewable Energy Looks Poised for Boom Times

December 29, 2022

Via: The Wall Street Journal

The future has never been brighter for renewable energy, as some of the snags that kept wind and solar production from going full throttle this year seem poised to ease. While site- and grid-permitting delays, inflation and supply-chain bottlenecks beset […]