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.
Russia acknowledges ‘issues’ as earnings from energy sector decline
Finance Minister Siluanov informs Vladimir Putin that the 50% drop in revenue is attributed to ‘all these discounts.’
Putin receives a £1.4bn surge as Russia’s oil exports reach a record high since the invasion.
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 EU have decided to prohibit the resumption of Russian gas pipelines.
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.
Winter fuel costs predicted to nearly triple amid escalating energy conflict driven by Putin
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 Gas Prices Plunge to Lowest in 21 Months, Undermining Putin’s Energy Battle
European natural gas prices have reached their lowest point in 21 months, undermining Vladimir Putin’s campaign in Ukraine.
The impact of Saudi Arabia’s cuts is starting to show as Putin’s exports of oil decline
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
Workers in the oil and gas industry in the North Sea have decided to vote to strike
Oil and gas operators in the North Sea have been cautioned about the possibility of an overwhelming wave of industrial turmoil after workers voted in favour of a strike over
Russia’s oil export revenue sank by 42% in February as sanctions bit
Western nations implemented far-reaching sanctions against Russian crude oil and oil products as a measure to reduce Russia’s oil revenues.
In a year marked by sanctions, Russia accumulated an offshore cash reserve of $80 billion
Amid the ongoing sanctions and amid the US and its allies’ efforts to tighten them over the invasion of Ukraine, Russia has managed to stash roughly one-third of its $227
Russia’s deficit leaps to £29bn as Putin keeps on spending
The first two months of the year saw a rise in Russia’s budget deficit due to a decline in oil and gas revenues and sanctions imposed as a result of