Britain is heading towards significantly greater dependence on imported gas as declining North Sea production outpaces reductions in domestic demand, increasing exposure to global LNG prices and overseas suppliers.
US gas shipped to UK now cheaper than new North Sea supplies
Producing new North Sea gas now costs around 50% more than importing liquefied natural gas from the United States, according to energy analysts, raising fresh questions over the impact of
Reeves signals targeted energy support as costs rise
Rachel Reeves has indicated that future energy support will be targeted, suggesting middle-income households may miss out as the government responds to the fallout from the Iran conflict.
Trump accuses Starmer of wrecking North Sea industry with heavy taxation.
Donald Trump has renewed his criticism of Sir Keir Starmer’s North Sea energy policy, accusing the Labour Government of squandering a “treasure chest” of oil and gas resources.
Trump condemns Labour’s move to abandon North Sea oil
Donald Trump has called on Sir Keir Starmer to “open up” the North Sea and “eliminate windmills” as the incoming president criticised the UK Government’s energy strategy.
European Central Bank cuts interest rates
The European Central Bank (ECB) has reduced interest rates for the fourth time this year, simultaneously lowering its growth forecast for the eurozone amid political instability in its two largest
Lagarde warns that Trump poses a threat to the eurozone
Christine Lagarde has warned that a second Trump presidency could pose a risk to the eurozone economy, as the European Central Bank (ECB) cut interest rates for the third time
Labour’s policies could spell the end for the North Sea industry.
David Latin is running out of patience. As the chairman of Serica Energy, with over 30 years in the oil and gas industry, including managing drilling operations in war zones,
UK energy bills for households expected to reach a two-year low
Analysts predict a significant decrease in household energy bills, with an expected £293 annual reduction starting in April, following the implementation of the next Ofgem price cap.
Lagarde Receives ‘Poor’ Rating from European Central Bank Staff Members
Christine Lagarde faces allegations of leveraging her role at the European Central Bank for personal political gains, according to a staff backlash reported by Politico.
Recession alarm bells ring for eurozone as UK bounces back
At the end of last year, private sector companies in Britain experienced a significant upturn, contrasting with the recessionary pressures facing businesses in the eurozone, as indicated by recent survey
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