Shell Energy is threatening up to 2,000 jobs in the UK after it announced that it was looking at quitting the energy industry.
Intercontinental Exchange Inc to Start Rival Gas Market in London to Sidestep EU Price Cap
Intercontinental Exchange Inc. is opening a parallel natural-gas market in London to assist traders with potential disruptions due to the European Union’s new rules. This will help them deal with
European natural gas slid for a fifth straight day
European natural gas fell for the fifth consecutive day. The weather is expected to improve and there are more chances that the US will reopen an old export terminal.
National Grid asks coal plants to warm up in case they are needed
In light of continued cold weather in the UK, the National Grid asked coal factories for warmth.
Breaking ‘Vladimir Putin was wrong,’ says Biden as he sends 31 tanks to Ukraine
US President Joe Biden said that Vladimir Putin, his Russian counterpart, was wrong to believe Western resolve would “crumble”, as the Ukraine conflict drags on.
EU gas storage hits record high in blow for Putin
European gas storage has reached an all-time high for this season, while natural gas prices fell for the third day due to ample supplies and milder weather.
Germany is poised to back down on tank deliveries to Ukraine
Germany seemed poised to concede in the dispute over sending Leopard 2 tanks into Ukraine on Monday. This signalled its willingness to allow Nato allies to re-export theirs.
National Grid is ready to pay customers to reduce energy use in cold weather
Under plans drawn up by National Grid, households will be paid to reduce their electricity usage for the first time Monday between 5 pm-6 pm.
Oil settles up more than 1% on China demand outlook, second weekly gain
Friday’s oil settlement was $1/barrel. This is a result of China’s economic prospects improving, which boosted fuel demand in China’s second-largest economy.
Coalition partners criticize German Chancellor’s indecisiveness about Leopard tank deliveries
Olaf Scholz’s supervisor was informed that Germany failed a historic test by refusing to send battle tanks from Ukraine at a weapons-pledging conference.
Keir Starmer says that North Sea investment will be ended by Labour
Sir Keir Starmer has pledged to stop investing in new British oil and gas fields if Labour wins the next election.