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Energy

  • Europe at risk of energy rationing this winter, warns IEA

    June 8, 2022

    Europe is at risk of energy shortages and rationing this winter after Russia's invasion of Ukraine, warned the head of the IEA.

  • British Gas boss slams rivals for not supporting plans to ringfence credit balances

    June 7, 2022

    British Gas hits out at rival firms not backing its plans to ringfence the credit balances of customers, as part of plans to toughen up the energy sector.

  • Mystery deepens as Brit vanishes deep in Brazil’s Amazon rainforest after receiving death threats

    June 7, 2022

    It is increasingly unclear what has happened to British journalist Dom Philips, who went missing in de Amazon rainforest on Sunday. Phillips, 57, and Bruno Araújo Pereira, a Brazilian adviser at the Univaja association of people in the Vale do Javari Indigenous territory, were last seen early on Sunday in the Sao Rafael community, according [...]

  • Oil prices could take seven years to calm down, warn industry experts

    June 7, 2022

    Oil prices could take seven years to return to normal levels, warned energy analysts, reducing the prospect of the windfall tax being lifted early.

  • Oil markets volatile as Saudi Arabia hikes crude prices

    June 7, 2022

    Oil prices continued to hover around the $120 milestone, after Saudi Arabia raised its July crude prices amid tightening supplies.

  • Serica Energy ramps up investment plans to offset windfall tax

    June 6, 2022

    Serica Energy is planning to spend its way out of a tax bill, after the government imposed a hefty new levy on North Sea oil and gas operator.s.

  • Kwarteng considers support for steelmakers as rising energy costs bite

    June 6, 2022

    Steelmakers and other industrial manufacturers could be offered financial support from the government to ease spiralling energy costs.

  • Germany faces €5bn bill after Russia sanctions Gazprom division

    June 6, 2022

    Russian sanctions against Gazprom Germania could cost Germany an extra €5bn a year to pay for replacement gas supplies.

  • RAC urges more support for drivers amid near-record petrol price spike

    June 5, 2022

    Petrol prices rocketed over 10p last month, the second largest monthly rise on record, putting more pressure on road users.

  • Households to be offered green alternatives on new app

    June 5, 2022

    Households will be able to determine which products are the least climate friendly through a new smartphone app.

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