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UK

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Geopolitical

Nearly a quarter of UK adults ‘won’t turn on heating this winter’ as energy bills soar

August 30, 2022 Mariel Alumit

Nearly one in four adults plan never to turn their heating on this winter, polling suggests, as average energy bills are set to surge while the temperature drops over the coming months. The survey of […]

Wall St Journal Editorial: Net Zero Bankrupts Britain
Climate Crisis

Going “Greener” Bankrupts Britain in an Energy Crisis

August 28, 2022 Mariel Alumit

ENB Pub Note: Jay R. Young has talked about “Greener” for years. He has said the world will always need oil and gas. To what volume is the question? Migrating to renewables before the technology […]

Finance

UBS Reports Eurozone Already In Recession The Daily Financial Trends

August 28, 2022 Mariel Alumit

Economists at UBS have issued a report which states the Eurozone has already entered a “shallow” recession which they expect to last through the end of the year. They attributed the economic slowdown to rising […]

Electrical Generation / Utilities

British Energy Bills Set To Skyrocket 300% This Winter The Daily Financial Trends

August 27, 2022 Mariel Alumit

New data from the consultancy Baringa Partners shows that over half of UK households may fall into “energy poverty” this winter. Energy suppliers too are now at risk as rapidly rising bills are building up […]

Europeans
Climate Crisis

Analysis: Forget showering, it’s eat or heat for shocked Europeans hit by energy crisis

August 26, 2022 Mariel Alumit

LONDON, Aug 26 (Reuters) – No more ironing, limited oven use and showering at work – Europeans are trying to keep their energy use down but the bills keep climbing. As wholesale gas and electricity […]

UK
Finance

Firewood Sales To Increase 20% In The UK For Winter Heat The Daily Financial Trends

August 24, 2022 Mariel Alumit

The energy sector has proven to be one of the few areas that has escaped the declines in the markets. For small businesses in the UK, one area which is turning out to be highly […]

UK
Crude Oil News

UK Offshore Drillers Could Go On Strike If Pay Conditions Are Not Me

August 24, 2022 Mariel Alumit

UK workers’ union Unite has started a ballot for over 300 offshore drilling and contract maintenance workers covered by the United Kingdom Drilling Contractors Association (UKDCA) on strike action. The ballot opened on August 22 and […]

gas price
Geopolitical

Analysis: ‘New shock’ for European markets as gas price spike fuels inflation fears

August 24, 2022 Mariel Alumit

LONDON, Aug 24 (Reuters) – Another dramatic spike in natural gas prices appears to have ended any hopes that Europe’s inflation battle is set to ease, with financial markets now bracing for higher prices, a […]

UK
Finance

Skyrocketing Energy Costs Drive Massive UK Inflation, And BoE Rate Hikes The Daily Financial Trends

August 22, 2022 Mariel Alumit

Data from the Office for National Statistics (ONS) showed that in the UK consumer prices rose 10.1% in July year over year, beating the bank’s prediction of a 9.9% increase. This has traders in financial […]

UK
International News

Energy strategy: UK plans eight new nuclear reactors to boost production

August 15, 2022 Mariel Alumit

Up to eight more nuclear reactors could be approved on existing sites as part of the UK’s new energy strategy. The strategy, which aims to boost UK energy independence and tackle rising prices, also includes […]

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