Oil prices climbed on Friday, driven by the International Energy Agency’s predictions of unparalleled global demand and shrinking supplies. This surge marked the seventh consecutive week of price gains, the
Record oil demand drives prices up following Saudi reductions.
Amid strong consumption in China and other regions, global oil demand has reached an unprecedented level, potentially driving up prices, as per the International Energy Agency (IEA).
Oil prices reach a nine-month peak due to tensions in the Black Sea.
Amid concerns about oil supplies navigating the Black Sea, oil prices soared to their peak in almost nine months.
Gas prices decline as European storage hits an all-time high.
European natural gas prices are seeing a reduction due to the continually growing fuel reserves.
Goldman Sachs predicts that the US is likely to dodge a recession.
Goldman Sachs (NYSE: GS) has updated its analysis, reducing the odds of a US recession happening in the next year from 25% to 20%. This figure is still a bit
Germany secures additional US natural gas, distancing itself from Russian resources.
Germany has inked another extended agreement to import a larger quantity of US liquefied natural gas (LNG), shifting away from Russian energy amidst the ongoing Ukrainian conflict.
Gas prices decline as Goldman Sachs forecasts a decrease in demand.
Prices of natural gas in Europe have dipped once more following Tuesday’s surge, with Goldman Sachs asserting that a fall in demand will neutralize any effects from the disruption of
European gas prices indicates that the battle for LNG supply is far from concluded.
Futures prices experienced a week-long surge for the first time in 10 weeks, amid worries that Europe may have to import more gas.
Could the UK be facing a ransom situation in the power market?
An investigation by Bloomberg News alleges that certain traders at firms such as Vitol, Uniper, and SSE have used a rather blunt approach to tackle the UK energy crisis: pay
Last year, energy companies in the UK installed 94,000 prepayment meters through mandatory measures
According to the government, Scottish Power, British Gas, and Ovo were accountable for 70% of the compulsory installations.
National Grid is on standby to help households reduce their energy consumption
National Grid is available to alert households to reduce their electricity consumption in the coming days, amid a possible supply shortage.
Energy companies accused of using smart meters for ‘disconnecting customers through the back door’
Energy companies have been accused of disconnection of households by moving them to smart meters for pre-payment to disconnect them “by the backdoor”.