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 […]
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 […]
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+ 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 […]
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