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Oil prices could take seven years to return to normal levels, warned energy analysts, reducing the prospect of the windfall tax on North Sea oil…
Ukraine’s central bank is considering bringing in extra import duty on non-critical imports, having hiked its main interest rate to a seven-year high. The country…
London-listed energy companies that will be caught by Chancellor Rishi Sunak’s windfall tax tumbled during opening exchanges today. The capital’s premier FTSE 100 index was…
Slapping a windfall tax on electricity generators would be a “challenging proposition” and could hamper the UK’s net-zero ambitions, according to business secretary Kwasi Kwarteng.…
Hungary has maintained its demands for energy investment before it agrees to a Russian oil embargo with its Western allies. “Solutions first, sanctions afterward,” Hungary’s…
Russia has been accused of ‘weaponizing’ food and holding grain for millions of people around the world hostage to “break the spirit of the Ukrainian…
Russia is prepared to send any supplies rejected by European countries to other regions such as Asia, if the European Union (EU) brings in an…
Insurers are now suffering 3.6 times more losses from natural catastrophes than they were three decades ago, according to new research, which suggests insurance companies…
Russia’s invasion of Ukraine is generating fresh headwinds that will choke the European economy, reveal official forecasts published today. Surging energy prices caused by concerns…
The Government’s ambitious nuclear power push may initially increase energy bills, the Business Secretary has warned. Kwasi Kwarteng said the plan to build new power…
Siemens is set to face a €600m (£512m) hit in the second quarter after announcing its full exit from the Russian market after 170 years.…
Tesco chairman John Allan has joined calls for energy giants to be slapped with a windfall tax to ease the pressure on households suffering the…
High gas prices will persist for the next three years, warned investment bank Stifel, as millions of households struggle with the cost of living crisis.…
Russian energy giant Rosneft has been hit by a major cyberattack, according to various news reports in Germany. Germany’s Federal Office for Information Security, the…
Oil prices have risen for a fourth consecutive day with concerns over Russian supply disruptions trumping reduced demand expectations in China. Brent Crude climbed 1.7…
French energy giant TotalEnergies (Total) has taken a $4.1 billion hit following it withdrawal from a Russian liquiefied natural gas (LNG) project in the Arctic.…
The world’s supply of advanced batteries, critical for electric cars, could be shifting West, say, analysts, as production grinds to a halt in Asia. China’s…
D-Orbit has cut a deal with Beyond Gravity to deliver critical tools and structural components for the European Space Agency’s (ESA) reusable spacecraft. Satellite launch…
Crypto mining could enable sanctioned nations to evade punitive restrictions researchers the International Monetary Fund said. Sanctioned nations could monetize domestic energy supplies, which cannot…
The UK will have enough gas to meet demand this summer and could sell more supplies to Europe due to low storage levels on the…