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.
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.
Finance Minister Siluanov informs Vladimir Putin that the 50% drop in revenue is attributed to ‘all these discounts.’
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 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.
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.
European natural gas prices have reached their lowest point in 21 months, undermining Vladimir Putin’s campaign in Ukraine.
The Norwegian Ministry of Oil and Energy announced on Friday that it plans to nationalize a majority of its gas pipeline network by the time many current concessions expire in
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
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
According to the government, Scottish Power, British Gas, and Ovo were accountable for 70% of the compulsory installations.
Major analysts have suggested that due to China’s recovery from years of Covid lockdowns, the price of oil may rise to nearly $90 a barrel this year.