Ofgem’s decision to lower its energy price cap will result in a reduction of approximately £425 in annual household energy bills, making gas and electricity more affordable throughout Britain.
Russia acknowledges ‘issues’ as earnings from energy sector decline
Finance Minister Siluanov informs Vladimir Putin that the 50% drop in revenue is attributed to ‘all these discounts.’
Putin receives a £1.4bn surge as Russia’s oil exports reach a record high since the invasion.
Russia’s oil exports experienced a significant increase, reaching a peak not seen since the country’s invasion of Ukraine last month. This is part of Vladimir Putin’s plan to bolster his
The G7 and EU have decided to prohibit the resumption of Russian gas pipelines.
The G7 and the European Union (EU) are set to prohibit Russian gas imports via routes where Moscow has halted supplies, as per insiders involved in the discussions.
Winter fuel costs predicted to nearly triple amid escalating energy conflict driven by Putin
European fuel costs may nearly triple this winter and stay elevated until next summer, Goldman Sachs predicts, potentially impacting households and benefiting Vladimir Putin’s attempts to finance his Ukraine conflict.
Bank of England likely to hike, all eyes on the BOE this Thursday
The Bank of England’s governor, Andrew Bailey, along with the Monetary Policy Committee (MPC) members, is expected to announce another interest rate hike this coming Thursday. There is ongoing debate
Oil Prices Surge, Yet Record Consecutive Third Week of Decline
On Friday, oil prices experienced an increase; however, they faced a third consecutive weekly drop following a significant decline earlier this week, in anticipation of rising benchmark interest rates and
Latest Federal Reserve Update: Jay Powell increases US interest rate for the 10th consecutive time
US Federal Reserve boosts borrowing costs for the 10th time in a row, aiming to curb inflation
European Gas Prices Plunge to Lowest in 21 Months, Undermining Putin’s Energy Battle
European natural gas prices have reached their lowest point in 21 months, undermining Vladimir Putin’s campaign in Ukraine.
Federal Reserve initiates discussions that may potentially conclude the sequence of interest rate increases.
Today, the US Federal Reserve commenced a two-day meeting to determine whether to increase its benchmark lending rate for the 10th, and potentially final, time in order to address surging
The impact of Saudi Arabia’s cuts is starting to show as Putin’s exports of oil decline
As part of a commitment to reduce production, Russian oil exports have seen a significant decline. In the past week, oil flows from Russian ports fell by 1.24 million barrels