Government Abandons Energy Zonal Pricing Plan in Surprise Move
Government abandons plans for energy ‘zonal pricing’,The government abandons plans for energy zonal pricing, opting for a fairer national price system across the UK.
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Union Fires a Spotlight on Labour’s Net-Zero Blueprint, Demanding Immediate Action
Union launches an attack on Labour’s net zero saying ‘the time to act is now’,Unite union criticizes Labour’s net zero plans, stating ‘the time to act is now’ for serious investment in jobs.
Oil Prices Slip to $74, Raising Doubts Ahead of the OPEC+ Summit
Oil prices drop to $74 raises questions ahead of the OPEC+ meeting,Crude oil prices started the week by trading around $74.70 per barrel, with Brent crude dropping to around $80 per barrel. Investors and markets await the OPEC+ meeting scheduled later…
Shell’s earnings tumble 33%
Shell’s profits slump by a third,Shell’s adjusted earning dropped by 34% over the third quarter to £5.1 billion which was £19.7 million behind expectations. Shell’s earnings rose unlike the second quarter due to higher oil…
North Sea Powerhouse Sees Profit Dip to £337 Million
North Sea’s largest oil and gas producer reports lower profit of £337 million,The North Sea’s largest oil and gas producer Harbour Energy has reported a fall in profit and will extract less than expected for this year. The company said that the…
Oil Markets on Edge as Volatility Soars Post-Rebound
Volatility grips oil markets after a rebound,Oil prices could remain volatile over the short term with traders’ attention constantly shifting between demand and supply sides. The efforts led by Saudi Arabia and Russia to cut production…
Ofgem slashes price cap, households to save £426 a year
Ofgem lowers price cap and the average household energy bill will fall by £426 a year,Ofgem has lowered the price cap as wholesale prices have fallen and the average household energy bill will drop by £426 from July.
Energy Price Ceiling Lifts: Small Businesses Brace for a Rough Road Ahead
Small businesses will struggle after energy price cap ends,New analysis reveals that a third of small businesses may not have enough cash to cover their costs when the government’s energy price cap ends on March 31st. Experian analysed…
UK warned to expect ‘power cuts and blackouts in January’ as part of ‘a winter contingency plan’
UK warned to expect ‘power cuts and blackouts in January’ as part of ‘a winter contingency plan’,UK warned to expect ‘power cuts and blackouts in January’ as part of ‘a government winter contingency plan’ …
Shell exits Russian oil and gas markets
Shell to withdraw from Russian oil and gas,Oil giant Shell has announced it plans to withdraw from the Russian oil and gas market, following the Ukraine invasion …