Energy

Britain is set to receive a rare shipment of liquefied natural gas (LNG) from Australia later this month, as countries across Europe strive to secure enough supplies ahead of winter. ...

Russia’s key crude oil grade, Urals, has been trading at levels not seen in Europe since early March as refiners snap up the last barrels ahead of an European ...

Barclays lowered its Brent price forecasts on Tuesday by $8 per barrel for 2022 and 2023, as it expects a large surplus of crude oil over the near-term due to “resilient” Russian supplies. ...

The Central Bank of Egypt (CBE) will hike its overnight deposit rate by 50 basis points (bps) on Thursday as it works to keep inflation in check, a Reuters poll forecast. ...

Oil prices settled lower on Monday after disappointing Chinese economic data renewed concerns of a global recession that would be expected to reduce fuel demand. Brent crude futures settled down $3.05, ...

Saudi Arabia’s Kingdom Holding Co 4280.SE, the investment firm controlled by billionaire Prince Alwaleed Bin Talal, quietly invested more than $500 million in three major Russian energy companies between February ...

A global surge in wholesale power and gas prices means households across Europe face much higher energy bills this year and beyond, with the region’s most vulnerable exposed to ...

Solving the Cyprus problem and solving the energy crisis go hand in hand With the European energy crisis intensifying and the likelihood of complete Russian gas cut-off increasing – Russian gas ...

Telecommunication provider Epic this week announced that it is investing in green and sustainable development, with the ultimate aim being the reduction of the company’s ecological footprint and contributing ...

Egypt’s cabinet has approved a plan to ration electricity to save natural gas that it will instead divert to the export market to generate foreign currency, it said on ...

Oil prices inched higher on Friday, with benchmark contracts headed for a weekly climb as recession fears eased, though an uncertain demand outlook capped gains. Brent crude futures rose 23 cents, ...

Oil prices drifted lower on Thursday after gaining more than $1 in the previous session, as concerns over supply disruptions eased and markets looked for evidence of improving fuel demand. Brent ...

British consumer energy debt is already at an all-time high, a survey showed on Wednesday, with six million households owing cash to providers even before bills leap in October and ...

Oil prices settled slightly lower on Tuesday after a see-saw session as worries that a slowing economy could cut demand vied with news that some oil exports had been suspended ...

Oil prices pulled back slightly on Tuesday on the latest progress in last-ditch talks to revive the 2015 Iran nuclear accord, which would clear the way to boost its crude exports ...

Germany’s cabinet has agreed to introduce a planned levy on gas consumers from October to help suppliers hit by soaring gas import prices caused by Russia’s invasion of ...

The finance ministry said on Thursday it may tax RES producers found to have earned windfall profits as a result of the high tariffs paid to them. In a statement, ...

Inflation increased by 10.9 per cent year on year in July driven by hikes in electricity, which rose 61.7 per cent and fuel 44.1 per cent during the period, the statistical services announced ...

Oil prices rose on Thursday as supply concerns triggered a rebound from multi-month lows plumbed in the previous session after US data signalled weak fuel demand. Brent crude futures rose 10 ...

BP’s (BP.L) second quarter profit soared to $8.45 billion, its highest in 14 years, as strong refining margins and trading prompted it to boost its dividend and spending on new ...

Oil prices dropped again on Tuesday as investors absorbed a bleak outlook for fuel demand with data pointing to a global manufacturing downturn just as major crude producers meet this ...

OPEC’s new secretary general said that Russia’s membership in OPEC+ is vital for the success of the agreement, Kuwait’s Alrai newspaper reported on Sunday, quoting an exclusive ...

Very few politicians seem to grasp the magnitude of the coming crisis, its impact and its costs Europe’s energy security is on a knife edge. The concern that there ...

Shell (SHEL.L) posted record results on Thursday, with an $11.5 billion second-quarter profit smashing the mark it set only three months ago, lifted by strong gas trading and a tripling ...