The rouble has dropped to its lowest level in over 18 months against the dollar, influenced by the ongoing crisis between Israel and Gaza.
Russian rouble sinks as Vladimir Putin’s regime is hit by falling oil prices
The Russian rouble has declined beyond 101 against the dollar, reaching its lowest point since August due to plummeting oil prices affecting Putin’s administration.
The Russian rouble weakened near 100 to the dollar
The Russian rouble dipped beyond the notable mark of 100 per dollar, but rebounded slightly during early transactions, as Moscow grapples with a diminishing current account surplus.
Oil settles lower, yet concludes the quarter with a 28% rise due to constrained global supply.
Oil prices dipped 1% on Friday because of broader economic worries and traders taking profits. However, they surged approximately 30% over the quarter, influenced by OPEC+ production restrictions tightening the
Electricity from wind is not cheap, and it might never be
The parliamentarians prompting Rishi Sunak to reconsider his stance on onshore wind power frequently echo the wind industry’s catchphrase: “Wind is affordable.” Sir Alok Sharma claims it’s “affordable, green, and
Russia attempts to stabilize the rouble amidst Western sanctions’ impact
The Bank of Russia is bolstering the beleaguered rouble in response to the mounting challenges posed by Western sanctions against Vladimir Putin’s administration.
Oil prices surge as Saudi Arabia prolongs production reductions.
The price of oil saw a significant rise following Saudi Arabia’s decision to extend its voluntary oil production cut of 1 million barrels per day until the year’s end, as
UK Households warned ‘era of cheap energy is over’ as bills forecast to rise
British families are alerted that the days of low energy prices have come to an end, with an anticipated increase in bills next year.
North Sea operator EnQuest slumps to loss amid windfall taxes
EnQuest’s stock value fell by 11% after the North Sea oil operator reported a loss for the first half of the year, impacted by the windfall tax on energy earnings.
Oil prices remain close to 10-month peaks following Saudi production reductions.
Oil prices remain near their 10-month peak, with recent data showing that Saudi Arabian supply reductions have balanced out the increased production from countries like Iran.
Share Talk Weekly Energy Sector News Round-Up, Sunday 3rd September 2023
US oil climbed above $85 a barrel leading into the weekend for the first time since November as supply cuts tighten West Texas Intermediate has risen 2pc.
National Grid will compensate households for reducing their electricity consumption on at least 12 occasions this winter.
The National Grid has announced that, in a bid to ensure uninterrupted power across Britain this winter, it will offer compensation to households that reduce their electricity consumption.