Bloomberg’s analysis team is sounding the alarm on British inflation, predicting it could surge up to 15% by the beginning of 2023 as energy prices hit businesses hard. The outlet reported that unless the government […]
New York, along with other states, is moving forward with massive wind turbine projects. The push for “9,000 megawatts of offshore wind energy” comes at a high price, not only for families who are left […]
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 […]
The Inflation Reduction Act of 2022 On August 16, 2022, President Biden signed the Inflation Reduction Act of 2022 (IRA). The IRA reconciliation package includes $369 billion in funding and subsidies to support the transition […]
The UK will have to import almost all its gas and most of its oil from overseas suppliers unless billions of pounds are invested in new North Sea exploration and production facilities, a report from […]
The de facto buyers’ strike on Russian crude that began a month ago propelled oil prices to their highest levels in years. Now the real effects are starting to create a second wave of impact […]
The UK’s offshore energy industry has welcomed a speech by Boris Johnson warning that it would be “crazy” to shut down North Sea oil and gas production in the face of global shortages and price spikes. The […]
LONDON, March 16 (Reuters) – The London Metal Exchange had hoped to get the global market for nickel motoring again on Wednesday after a week in limbo. It didn’t work out as planned. The world’s […]
Russia will have to shut in some of its oil production as it will not be able to sell all the volumes displaced from European markets to other regions, with Russian crude production falling and […]
(Bloomberg) — Oil extended its rally as the U.S. and U.K. said they plan to ban Russian oil imports while oil giant Shell Plc announced it will also halt purchases from the country. Brent crude […]
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