UK Could See Gas Prices As High As $1250 Per MWh
The UK’s gas crisis comes as part of a bigger natural gas phenomenon taking place worldwide, as prices skyrocket and firms do not know to respond. With Europe and North Continue Reading
IEA Calls On Russia To Send More Natural Gas To Europe
Over the weekend, Morgan Stanley’s global energy head Martijn Rats shared a comprehensive yet streamlined analysis of what happened in 2021 that has sent many commodity prices, including Europe’s natural Continue Reading
UK Power Sector Could See Tidal Wave Of Bankruptcies
Update: Green Energy, a small-sized, and Avro, a medium-sized energy retailer just declared bankruptcy, leaving 1.5 million households scrambling for a new provider. More UK energy suppliers are set to Continue Reading
UK does not back Nord Stream 2, nor needs long-term gas storage: minister
The UK does not support Russia’s Nord Stream 2 gas pipeline project to Germany and does not need its own long-term storage facility, UK Secretary of State for Business, Energy Continue Reading
Don’t panic buy, Britain tells consumers
Consumers should not panic buy products as Britain is not heading back into a 1970s-style “winter of discontent” of strikes and power shortages, a junior minister said on Thursday. Soaring Continue Reading
Britain discussing rise in gas and electricity price cap – minister
Britain is having talks with energy regulator Ofgem about whether or not a cap on gas and electricity prices for consumers may have to go up, junior business minister Paul Continue Reading
UK’s Drax might delay retirement of coal plants to plug energy gap -FT
UK power generator Drax Group Plc (DRX.L) said it could keep its coal-fired power plants operating beyond their planned closure next year as the energy crisis in Europe highlights potential Continue Reading
The European Energy Crisis Is About To Go Global
It was only a matter of time, really. In a globalized world, energy crunches can hardly remain regionally contained for very long, especially in a context of damaged supply chains Continue Reading
Oil Gains on Signs of Sliding U.S. Inventories Ahead of Fed
Oil rallied after a U.S. industry report showed another big draw in crude inventories, pointing to a tightening market, and China’s central bank added liquidity to quell concern about a Continue Reading
Oil prices rise on expected U.S. stocks draw
Oil prices climbed more than $1 on Wednesday, extending overnight gains after industry data showed U.S. crude stocks fell more than expected last week in the wake of two hurricanes, Continue Reading