UK Puts A Cap On Household Energy Bills
British households will have their annual energy bills capped at £2,500 for two years in a £130bn+ scheme that will save consumers thousands of pounds. Prime Minister Liz Truss said Continue Reading
Finland Forced To Fire Up Reserve Power Plants To Avoid Blackouts
Iraq’s nationwide oil sales fell in August for the second consecutive month, declining to 3.667 million barrels per day (bpd).* Federal exports through the northern pipeline to Turkey dropped by Continue Reading
UK shale gas developers eager to resume work after fracking ban lifted
Highlights Move sets foundation for gas self-sufficiency: Cuadrilla Ineos renews offer to drill test shale gas well in UK Egdon pledges to deliver shale gas in ‘timely fashion’ A number Continue Reading
Ukrainian forces bear down on Russian supply lines after breakthrough
Swiftly advancing Ukrainian troops were bearing down on the main railway supplying Russian forces in the east on Friday, after the collapse of a section of Russia’s front line caused Continue Reading
EU ministers meet over ‘energy war’ as power bills surge
European Union energy ministers met on Friday to seek agreement on ways to shield citizens from sky-high energy prices and prevent power utilities from collapsing as Russia has gradually turned Continue Reading
Russia warns the West: energy price cap will be your undoing
Russia warned the West on Friday that plans to try to cap the price of Russia’s oil and gas exports in retaliation for the war in Ukraine would fail and Continue Reading
Europe’s Challenge to Survive Without Russian Gas in Five Charts
European governments are drafting drastic measures to cut energy demand and survive the winter without natural gas from Russia. That’s going to be a huge challenge. Gas prices have eased Continue Reading
Europe Gas Slumps as Officials Ready Plans to Tame Energy Crisis
EU energy ministers are looking at steps to prevent Russia’s gas supply cutoff from unleashing rationing, blackouts or even social unrest. Maria Tadeo reports. Natural gas prices dropped, with the Continue Reading
Europe’s Newest Reactor Hits Output Milestone For First Time
The Olkiluoto-3 nuclear reactor plant in Finland. Power output at Europe’s newest reactor exceeded a landmark 1,000 megawatts on Friday morning just as the power market needs all the megawatts Continue Reading
Europe Holds Emergency Talks on Energy-Market Intervention
European energy ministers are debating plans for an intervention in the continent’s energy markets at an emergency meeting that is aimed at tamping down soaring electricity prices . Diplomats said Continue Reading