The transition to wind production in Aberdeen is already well underway, although most of the projects won’t come online until 2030 or later. Aberdeen in northeast Scotland is trying to Continue Reading
Labor dispute in coastal town to shutter harbor for eight days Container terminal is nation’s busiest, vital for Asia trade Shipping containers on the dockside at Port of Felixstowe Ltd. Continue Reading
Britain is turning to old coal-fired power units as a “last resort” in case other sources cannot provide enough electricity through the winter as the country faces a wider energy Continue Reading
London’s transport network ground to a halt on Friday as train and bus workers held strikes over pay and conditions, the latest in a summer of labour market disputes as Continue Reading
Britain faces a “humanitarian crisis” this winter when the difficult choices forced upon low-income households by soaring energy bills could cause serious physical and mental illness, a healthcare lobby group Continue Reading
Britain’s main opposition Labour Party called on Monday for the energy price cap to be frozen to help the public deal with another expected surge in fuel bills during the Continue Reading
Stood on her hind legs to greet any prospective owner who might approach her glass-doored kennel, Harriet is a black English cocker spaniel abandoned as a deepening cost-of-living crisis pushes Continue Reading
Britain’s energy crisis will push millions into destitution this winter unless the government hands out more cash to help struggling households pay fuel bills, Rishi Sunak, the trailing candidate in Continue Reading
The UK is planning on running short on natural gas this coming winter, resulting in blackouts, according to Bloomberg sources familiar with the government’s plans—even with emergency coal-fired power plants Continue Reading
Will Europe Get Enough Gas From Russia This Winter? The UK is planning for several days over the winter when cold weather may combine with gas shortages, leading to organized Continue Reading
The average annual UK gas and electricity bill rose from £1,400 in October 2021 to £2,000. Analysts are predicting that average energy bills could climb even higher, with the lowest Continue Reading
Energy companies have urged the UK to take “urgent” action over the amount of “toxic” and “hazardous” contaminants in the gas it is processing for export to the EU. They Continue Reading
Highlights 42% of UK adults cut back on non-essential vehicle travel 51% cutting household gas, electricity use Signs of demand destruction as BOE warns of 13% inflation More evidence of Continue Reading
The number of UK companies at risk of collapse rose by more than a third in the second quarter as surging inflation continued to erode margins. Almost 2,000 companies were Continue Reading
The famously green UK capital is now covered in fields of yellow after weeks of unusual heat and a lack of rain. Greenwich Park in London, on Aug. 3. Photographer: Continue Reading
Dust and mud is clogging the filters on a key pipeline sending natural gas from the UK to Europe, slowing down flows as the winter crunch time approaches. The operator Continue Reading
The Bank of England this week is expected to push through the biggest interest-rate increase in 27 years and unveil its strategy for unwinding some of the £895 billion ($1.1 Continue Reading
City workers cross London bridge during a heatwave in London, on July 18. Follow us at @BloombergUK and on Facebook , and wrap up your day with The Readout newsletter Continue Reading
Cool air for 24 hours can set back cash-strapped UK consumers more than £18 ($22) as energy costs soar. And with the country experiencing temperatures in excess of 40 degrees Continue Reading
Temperatures in London and the south of England might hit a record-setting 40° Celsius (104° Fahrenheit) next week, hotter than the forecast in Madrid, Rome or Marseille. The English may Continue Reading
The Met Office issued its most severe warning for next week with temperatures set to rise above 35 degrees Celsius. Photographer: Matthew Chattle/Future Publishing/Getty Images After strikes, transport disruption, soaring Continue Reading
– London’s Heathrow Airport asked airlines to stop selling tickets for summer departures on Tuesday, after it capped the number of passengers flying from the hub at 100,000 a day Continue Reading
Ukraine’s infrastructure ministry said in a statement Tuesday that 16 ships had passed through the Danube’s newly-reopened Bystre rivermouth in the last four days and that the opening up of Continue Reading
British lawmakers have officially approved a 25% windfall tax on oil and gas producers that will earn the government nearly $6 billion in one year to put towards surging consumer Continue Reading
The UK government introduced to Parliament on Wednesday the Energy Security Bill, a proposed legislation that does not explicitly confirm the UK’s pledge to end coal use by October 2024. Continue Reading
Britain’s grid operator is set to crank up the pressure on big energy users, taking a more forceful stance on curbing their natural gas consumption as it tries to head Continue Reading
Bullish sentiment is once again building in oil markets as supply disruptions mount and global oil demand growth continues unabated. Friday, July 1st, 2022 As uncertainty builds around the supply Continue Reading
The UK’s National Grid is exploring the idea of paying companies in Britain to use less electricity next winter as part of measures to conserve gas and avoid blackouts, Bloomberg Continue Reading
The UK will cut off gas supplies to mainland Europe if it is hit by severe shortages under an emergency plan that energy companies warn risks exacerbating a crisis on Continue Reading
OEUK Chief Executive Deirdre Michie warned that the new tax risks driving away UK oil and gas investment. The UK government’s decision to impose a 65 percent tax rate on Continue Reading
UK Chancellor of the Exchequer Rishi Sunak remained committed to his windfall tax. UK Chancellor of the Exchequer Rishi Sunak remained committed to his windfall tax on oil and gas Continue Reading
The British government is still “fleshing out details” of a special tax on North Sea oil and gas producers announced last month, energy minister Kwasi Kwarteng told a conference on Continue Reading
Goldman Has Raised European Gas Price Forecast UK energy prices are set to rise more than 50% from current levels, as natural gas supplies continue to face disruption following Russia’s Continue Reading
Soaring food prices pushed British consumer price inflation to a 40-year high of 9.1% last month, the highest rate out of the Group of Seven countries and underlining the severity Continue Reading
Britain’s biggest rail strike in 30 years kicked off on Tuesday as tens of thousands of staff walked out in a dispute over pay and jobs that could pave the Continue Reading
British transport secretary Grant Shapps has condemned planned rail strikes as a “huge mistake” that will stop people from attending hospital appointments, sitting school exams or getting to work. The Continue Reading
Highlights Grant was always temporary: government Supporting purchase of other road vehicles EV running-cost savings often exceed grant: minister The UK government has decided to close the plug-in vehicles grant Continue Reading
Britain’s competition watchdog has been asked by the government to review the retail fuel market to see whether a cut in duty has been passed onto consumers as prices at Continue Reading
Figures reduce the risk of a half-point rise in interest rates CBI calls on government to spur growth and business investment WATCH: The unexpected fall causes a dilemma for BOE Continue Reading
The UK shipped 1.85 million barrels of gasoline to the United States in May. UK gasoline prices are as much as $3 per gallon higher than in the U.S. Taxes Continue Reading
UK economic growth is grinding to a halt as the cost of the living crisis escalates, a leading business lobby warned. The British Chambers of Commerce predicted output will be Continue Reading
UK fuel prices have set a string of new records in recent weeks. The cost of filling up a 55-liter family car with petrol has topped £98 ($122.58) for the Continue Reading
The UK economy will expand at the second-fastest rate among the G-7 advanced nations before sinking to the bottom of the pack, the OECD forecasts. Photographer: Mary Turner/Bloomberg Sign up Continue Reading
Russian litigants fighting cases in London’s High Court are being forced to find new representation as the biggest UK-based law firms are increasingly refusing to act for them in the Continue Reading
As in many parts of the world, gasoline prices in the UK hit a fresh record high on Tuesday amid rallying oil prices after the partial EU ban on Russian Continue Reading
Some of the British coal-fired power plants slated for closure this year might need to stay open to ensure electricity supply this winter, the government said on Monday. Countries across Continue Reading
The pound has lost ground against most key rivals this year © Charlie Bibby/FT A duo of Wall Street banks is warning on the “grim” outlook for the pound, predicting Continue Reading
The new UK oil and gas upstream levy will hit Big Oil group cash flows by less than four percent, even at the most exposed end. That’s what BofA Global Continue Reading
Windfall Taxes Will Raise Price of Crude, Analyst Sen Says BP Plc said it will look again at its plans in the UK, raising questions about whether a £5 billion Continue Reading
Windfall Taxes Will Raise Price of Crude, Analyst Sen Says BP Plc said it will look again at its plans in the UK, raising questions about whether a £5 billion Continue Reading
