Britain will outline a multi-billion-pound plan on Thursday to help households cope with soaring energy bills, shortly after the regulator announces an expected 50% jump in the price cap. British Continue Reading
Residential homes in Kingston upon Thames, U.K. The U.K. government’s plans to decarbonize heating in homes “lack strategic direction” and risk missing their goals, according to a committee of lawmakers. Continue Reading
Can natural gas ever be called sustainable? And can nuclear energy credibly be dubbed green? A landmark proposal from the European Commission effectively answers “yes” to both — and many Continue Reading
Russia will be able to resume its oil production to 90% of the levels it was producing prior to the pandemic, Russian Deputy Prime Minister Alexander Novak said in an Continue Reading
Russia has banned the export of ammonium nitrate (AN) from Feb. 2 to April 1, in a widely-expected move by the government as it seeks to guarantee affordable supplies for Continue Reading
Oil prices climbed on Wednesday toward last week’s seven-year highs as a draw in U.S. crude stocks confirmed strong demand and tight supplies, but investors remained cautious ahead of an Continue Reading
Oil steadied ahead of an OPEC+ meeting that may endorse another modest lift in output, with traders speculating that the actual increase delivered by members could again fall short of Continue Reading
Last week, the CEO of Saudi Aramco announced that the global clean energy transition is “not going smoothly.” Underinvestment in fossil fuels has led to soaring prices across the globe. Continue Reading
The American Petroleum Institute (API) estimated the inventory draw this week for crude oil to be 1.645 barrels after analysts predicted a build of 1.833 million barrels. U.S. crude inventories Continue Reading
OPEC+ will likely stick to existing policies of moderate output increases on Wednesday, five sources from the producers’ group said even as it expects demand to rise to new peaks Continue Reading
