Tag: energy

September 6, 2022

Russia sent significantly more oil and coal to India and China over the summer compared with the start of the year, while European countries that long relied on Russian energy have cut back sharply in response to the war in […]

September 5, 2022

The energy price cap is due to rise 80% in October, after the regulator, Ofgem, said the average household’s yearly bill can be raised from £1,971 to £3,549. Fridge freezers Average integrated fridge freezers currently cost around £73 a year […]

September 1, 2022

The US and its G7 allies plan to meet Friday to discuss putting a limit on the price of Russian oil, a move that could cut the revenue flowing into Moscow’s coffers — but risks sending crude prices soaring. The […]

September 1, 2022

Crude oil prices plunged more than 30% off the June highs with WTI spilling into a key technical support zone. Despite a steep weekly sell-off and a range of nearly 11%, oil continues to trade just above this critical zone […]

August 30, 2022

German Chancellor Olaf Scholz said Tuesday that his country is well-prepared to tackle a possible energy shortage because of Russia’s squeeze on European gas supplies, even as fears grow about the juggernaut of rising prices that will likely hit consumers […]

August 29, 2022

Tesla Inc. boss Elon Musk told European energy leaders that the world needs more oil and natural gas and should continue operating nuclear power plants while investing heavily in renewable energy sources. “I think we actually need more oil and […]

August 26, 2022

Jennifer Jones keeps feeding money into her energy meter, but it never seems to be enough. And when she can’t pay, she feels the impact immediately. The power in her London home has gone off suddenly three times recently, once […]

August 15, 2022

The US has raised concerns that India hid the origin of Russian oil shipped to New York, a top Indian central banker said. Speaking at a recent event in Bhubaneswar, India, Michael Patra, the deputy governor heading monetary policy at […]

July 14, 2022

The news comes as the oil and gas sector enjoys bumper profits, with the world recovering from the worst of the coronavirus pandemic and prices being fuelled by Russia’s war in Ukraine. Shell’s chief executive Ben van Beurden told Reuters […]

July 12, 2022

U.S. Treasury Secretary Janet Yellen and Japan’s finance minister agreed Tuesday to cooperate in dealing with challenges from the war in Ukraine and promoting free trade, sustainable energy and food security. Yellen was visiting Tokyo on Tuesday for talks ahead […]

July 6, 2022

The wave of US dollar buying on Tuesday caught many market participants unaware and sent a wide range of asset markets to multi-month and multi-year extremes. The incessant USD buying was sparked by heightened fears that the world’s largest economy […]

June 30, 2022

Oil prices are high, and drivers are paying more at the pump. But the OPEC oil cartel and allied producing nations may not be much help as they decide Thursday how much more crude to send to world markets. That’s […]

June 24, 2022

A day after endorsing Ukraine’s candidacy to join the European Union, the bloc’s leaders turned their attention Friday to the severe economic turbulence looming over the coming months as the full impact of Russia’s war sinks in and the threat […]

June 13, 2022

India and other Asian nations are becoming an increasingly vital source of oil revenues for Moscow despite strong pressure from the U.S. not to increase their purchases, as the European Union and other allies cut off energy imports from Russia […]

May 31, 2022

Hungary’s divisive leader has once again got his own way with the European Union — this time in tough negotiations on Russian oil at a summit in Brussels. And nationalist Prime Minister Viktor Orban wasn’t shy about trumpeting his success […]

May 19, 2022

The U.S. House passed a bill on Thursday that allows the U.S. president to issue an energy emergency declaration, making it unlawful for companies to excessively increase gasoline and home fuel prices. The bill must pass the Senate, which is […]

May 2, 2022

Poland urged its European Union partners on Monday to unite and impose sweeping sanctions on Russia’s oil and natural gas sectors over the war in Ukraine, and not to cave in to pressure to pay for their gas in Russian […]

December 15, 2021

The deals, similar to fixed-term mortgages, would see users pay a tariff set by the regulator in the month their contract starts and be subject to exit fees if they leave early. It is one of three proposed alternatives set […]

December 2, 2021

More companies have been locking in long-term supplies of renewable energy in recent years as a way to cut greenhouse-gas emissions. For some, the deals offered another benefit in 2021: protection from higher prices as a surge in demand scrambled […]

November 10, 2021

Crude oil found firmer footing after the White House indicated that it would not be tapping the Strategic Petroleum Reserves (SPR). A forecast from the US governments own Energy Information Agency (EIA), has the global market being oversupplied next year […]