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Energy
WTI falls as Saudi committed to higher output
U.S. crude oil prices fell nearly 3% on Thursday on a report that Saudi Arabia is committed to pressing ahead with production increases later this year.Saudi is prepared to ditch its unofficial oil price target of $100 per barrel, people…
Great British Energy to be headquartered in Aberdeen
In his conference speech, Prime Minister Keir Starmer announced that the state-owned public energy company, Great British Energy (GB Energy) will be headquartered in Aberdeen, which is a significant development for Scotland.Keir Starmer…
Take a look inside a $1.1 million ‘zero emissions’ home
Courtesy: Wojciechowski FamilyReal estate is a key puzzle piece in achieving the U.S.' climate goals, according to federal officials.Residential and commercial buildings account for 31% of the nation's greenhouse gas emissions, after…
Government unveils plans for EPC C standards in rental homes by 2030
The government has confirmed plans to raise minimum energy efficiency standards for rental properties by 2030.The Energy Secretary has committed to consulting on these plans by the end of the year.The focus is on improving energy…
WTI above $71 amid Fed rate cut optimism
U.S. crude oil rose above $71 per barrel on Tuesday, as optimism grows that the Federal Reserve will cut interest rates this week and production is still disrupted in the Gulf of Mexico."Supply disruptions are making their mark,…
Energy consultants respond to proposed regulation changes
The UK Government has introduced new regulatory proposals aimed at increasing transparency and consumer protection in the energy market.The government’s plans, designed to increase consumer protection and transparency in the energy…
WTI rises more than 1% after Fed rate cut
U.S. crude oil rose more than 1% on Thursday, one day after the Federal Reserve slashed interest rates for the first time in more than four years and as tensions in the Middle East continued to escalate.The Fed surprised the market on…
Ofgem acts to protect customers when suppliers go bust
Ofgem has announced updates to the Supplier of Last Resort (SoLR) policy aimed at reducing the financial impact of future energy supplier failures on consumers.When an energy company goes under, the SoLR policy ensures that its customers…
WTI, Brent lower as Fed cuts rates
Oil prices closed slightly lower Wednesday, snapping a two-day winning streak even after the Federal Reserve cut interest rates for the first time in years.The central bank slashed rates by a half point, a bigger move than many had…
‘Ineffective’: Ofgem criticises ESO’s grid connections plan
The UK energy regulator, Ofgem, has expressed concerns about a plan by the Electricity System Operator (ESO) aimed at accelerating the connection of renewable projects to the national grid.Ofgem’s criticism, outlined in an open letter,…