Forecasts indicate the Russian economy is set to surpass previous expectations and experience growth this year, as the increase in oil prices counteracts the effects of Western sanctions.
Russia Bans Diesel Exports To Squeeze Oil Market
Russia has banned the export of petrol and diesel as crude oil prices climb towards $100 per barrel. This is a major escalation, which will cause concern that Moscow is
Electricity from wind is not cheap, and it might never be
The parliamentarians prompting Rishi Sunak to reconsider his stance on onshore wind power frequently echo the wind industry’s catchphrase: “Wind is affordable.” Sir Alok Sharma claims it’s “affordable, green, and
Nobody wants an electric car, most people simply refuse to make the switch
The automobile was once a beacon of individual liberty, revolutionizing our work lives and giving birth to the suburban lifestyle.
Russia attempts to stabilize the rouble amidst Western sanctions’ impact
The Bank of Russia is bolstering the beleaguered rouble in response to the mounting challenges posed by Western sanctions against Vladimir Putin’s administration.
Oil prices surge as Saudi Arabia prolongs production reductions.
The price of oil saw a significant rise following Saudi Arabia’s decision to extend its voluntary oil production cut of 1 million barrels per day until the year’s end, as
UK Households warned ‘era of cheap energy is over’ as bills forecast to rise
British families are alerted that the days of low energy prices have come to an end, with an anticipated increase in bills next year.
Oil prices remain close to 10-month peaks following Saudi production reductions.
Oil prices remain near their 10-month peak, with recent data showing that Saudi Arabian supply reductions have balanced out the increased production from countries like Iran.
UK will have highest inflation of world’s richest nations for two years, says Moody’s
Moody’s cautions that the UK is projected to maintain the peak inflation rate among G7 nations until at least the conclusion of 2024.
National Grid will compensate households for reducing their electricity consumption on at least 12 occasions this winter.
The National Grid has announced that, in a bid to ensure uninterrupted power across Britain this winter, it will offer compensation to households that reduce their electricity consumption.
U.S. Makes Decisive Move to Reduce Dependence on Russian Uranium.
In March 2022, following Russia’s incursion into Ukraine, President Biden enacted an executive order prohibiting the U.S. from importing Russian oil, liquefied natural gas, and coal.