After a tough 2022, China‘s economy is poised for growth – as households are now sitting atop the biggest pool of new savings in history – having deposited $2.6tn in 2022. The bull case revolves […]
U.S. natural gas futures were little changed on Tuesday as bearish forecasts for less heating demand over the next two weeks than previously expected offset a bullish drop in output as cold weather starts to […]
Oil was stable as traders waited for fresh signals on the state of Chinese crude demand after the nation ditched Covid curbs. West Texas Intermediate for March delivery was little changed above $81 a barrel […]
In 2022, central banks will have purchased the largest amount of gold in recent history. According to the World Gold Council, central bank purchases of gold have reached a level not seen since 1967. The […]
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 […]
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 […]
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 […]
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 […]
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 […]
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 […]
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