Shell Energy is threatening up to 2,000 jobs in the UK after it announced that it was looking at quitting the energy industry.
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. 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 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.
In light of continued cold weather in the UK, the National Grid asked coal factories for warmth.
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.
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 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.
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.
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.
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.
Sir Keir Starmer has pledged to stop investing in new British oil and gas fields if Labour wins the next election.