LONDON — British Prime Minister Liz Truss announced a sweeping stimulus package on Thursday to help Britons cope with soaring energy bills and attract investment in the energy sector. Truss announced a “new energy price guarantee that will give people certainty on energy bills”. In his first major move into the leadership role, Truss announced … Read more
LONDON — British Prime Minister Liz Truss announced a sweeping stimulus package on Thursday to help Britons cope with soaring energy bills and attract investment in the energy sector. Truss announced a “new energy price guarantee that will give people certainty on energy bills”. In his first major move into the leadership role, Truss announced … Read more
Newly elected British Prime Minister Liz Truss is set to announce a multi-billion pound stimulus package to help those struggling with soaring energy prices. Carl Court/Staff/Getty Images LONDON — Britain’s new Prime Minister Liz Truss is set to announce a package worth tens of billions of pounds on Thursday to help people pay their energy … Read more
Newly elected British Prime Minister Liz Truss is set to announce a multi-billion pound stimulus package to help those struggling with soaring energy prices. Carl Court/Staff/Getty Images LONDON — Britain’s new Prime Minister Liz Truss is set to announce a package worth tens of billions of pounds on Thursday to help people pay their energy … Read more
Russia’s decision to indefinitely suspend gas flows to Europe via Nord Stream 1 is seen as another escalation in its policy of inflicting economic hardship on Germany. Lisi Niesner | Reuters Europe has been plunged into its biggest energy crisis in decades, with Russia’s natural gas supplies becoming volatile and unpredictable even before the invasion … Read more
german energy giant Unite warned on Tuesday that the worst was yet to come as concerns over Russia’s gas supply to Europe through the fall and winter continued to drive up prices. “I’ve said it many times over this year and I’m also educating policy makers. Listen, the worst is yet to come,” Uniper CEO … Read more
OPEC+ leaders Saudi Arabia and Russia have said demand for oil has been falling for several months. Oil prices rose about 3% on Monday as OPEC+ members agreed to a small production cut of 100,000 barrels per day to support prices. Brent crude futures for November delivery rose $2.72 to $95.74 a barrel, a gain … Read more
LONDON — Britain’s energy regulator announced on Friday it would raise its main cap on consumers’ energy bills to an average of £3,549 from £1,971 a year, as campaign groups, groups think tanks and politicians are calling on the government to tackle a cost of living crisis. The price cap limits the standard load that … Read more
LONDON — Britain’s energy regulator announced on Friday it would raise its main cap on consumers’ energy bills to an average of £3,549 from £1,971 a year, as campaign groups, groups think tanks and politicians are calling on the government to tackle a cost of living crisis. . The price cap limits the standard load … Read more
European governments are scrambling to fill underground storage with gas supplies to provide households with enough fuel to keep homes warm through winter. Image Alliance | Image Alliance | Getty Images Germany’s natural gas storage facilities surpassed a full level of more than 75% this month, two weeks ahead of schedule, as Europe’s biggest economy … Read more
