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.
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.
UK Households get £600 energy bills boost
As a result, energy bills could drop by as much as £600 this summer as was previously anticipated. This is due to falling wholesale prices. This boosts households and the
Rebuilding Ukraine to cost more than double World Bank estimate, says BlackRock boss
At an event in Davos, Volodymyr Zelensky, the head and largest money manager in the world, said that Ukraine will need more than $750bn (£608bn).
Gas prices are dropping – so why isn’t your bill?
In desperate times, you need to take drastic measures. There are many money-saving tips available in a world where energy bills continue to rise.