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Home2023January

Month: January 2023

Bank
Finance

Bank funding for renewables stagnates vs oil and gas – report

January 25, 2023 Mariel Alumit

LONDON, Jan 24 (Reuters) – The share of bank finance going to renewable energy rather than fossil fuels has little changed in six years, raising questions about how fast lenders are pushing energy clients to […]

Russian
Crude Oil News

G7 agrees to review level of price cap on Russian oil in March

January 25, 2023 Mariel Alumit

Group of Seven officials have agreed to review the level of the price cap on exports of Russian oil in March, later than originally planned in order to give time to assess the market after […]

bill
Electrical Generation / Utilities

Customers brace for more candlelight energy bill savings

January 25, 2023 Mariel Alumit

Households and businesses across the UK are preparing to cook their meal outside 4.30pm – 6pm today to save on their bills and boost the grid’s flexibility. The second electricity switch-off follows the first live rollout of the National Grid’s […]

EU
Finance

EU gas price cap could lead to ‘abrupt market changes’

January 25, 2023 Mariel Alumit

The introduction of a temporary gas price cap in Europe could result in a reduction in market liquidity, new research suggests. Last month, the European Council adopted a regulation establishing a market correction mechanism (MCM), aiming to […]

coal
Coal

UK warms coal power plants to boost energy supply but at what cost?

January 25, 2023 Mariel Alumit

For a second day in a row, National Grid has asked three coal-fired generators to be put on standby in case electricity supplies run low later today. On Sunday, Britain’s electricity system operator asked Drax to start warming two of its […]

Exxon
EnergyNews

Exxon halts routine gas flaring in the Permian, wants others to follow

January 25, 2023 Mariel Alumit

The largest U.S. oil producer is battling lawsuits that accuse it and other oil companies of contributing to global warming and rising sea levels. At the same time, it has moved to cut its own […]

Power
Energy Crisis

Power cuts grinding South Africa’s food sector to a halt

January 25, 2023 Mariel Alumit

From dairy farms unable to keep milk refrigerated to chickens suffocating en masse as ventilators fall idle, an energy crisis is taking a heavy toll on South Africa’s food sector, industry groups say. Record power […]

EnergyNews

U.S. Oil and Gas M and A Hit 17-Year Low; Big Firms Dominate Deals

January 25, 2023 Mariel Alumit

U.S. oil and gas deal-making declined by 13% last year to $58 billion compared to 2021, according to energy technology firm Enverus, with the volume of activity hitting its lowest level since 2005 as buyers […]

​OPEC+
Crude Oil News

OPEC+ Delegates Expect February Panel to Recommend Steady Output

January 25, 2023 Mariel Alumit

​OPEC+ delegates said they expect an advisory committee of ministers to recommend keeping oil production levels unchanged when they meet next week amid a tentative recovery in global demand. Saudi Arabia and its partners will […]

Bank
EnergyNews

Bank funding for renewables stagnates vs oil and gas – report

January 25, 2023 Mariel Alumit

LONDON, Jan 24 (Reuters) – The share of bank finance going to renewable energy rather than fossil fuels has little changed in six years, raising questions about how fast lenders are pushing energy clients to […]

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