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 […]
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 […]
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 […]
Crude oil futures continued to consolidate higher in mid-afternoon Asian trade Aug. 4 after a multiday selloff amid seasonal demand growth in the transport and aviation sectors, shrugging off the Bank of England’s interest rate […]
The UK Government is being urged to do more to support families, businesses, and the energy transition after research by the Aberdeen & Grampian Chamber of Commerce (AGCC) revealed a 662 percent increase in North […]
The world is headed for a severe shortage of copper crucial to the green-energy transition as new mines become increasingly difficult to build, according to the new head of Anglo American Plc. “I genuinely don’t […]
(Bloomberg) — The British government needs to publish detailed plans on decarbonizing the economy if it wants to prevent a “disorderly” transition to net-zero emissions by 2050, members of Parliament’s upper chamber said Thursday. Specific […]
British lawmakers have officially approved a 25% windfall tax on oil and gas producers that will earn the government nearly $6 billion in one year to put towards surging consumer energy bills. Now that the […]
Russia’s invasion of Ukraine has sparked chaos in Europe’s energy market. The British government is now taking steps to solidify its domestic energy security. The UK is looking to incentivize nuclear power production to help […]
Whoever becomes the UK’s next prime minister will have a big “to do” list from the moment they enter Downing Street. A full-blown cost of living crisis, looming economic recession, and preventing war on the […]
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