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Energy
WTI lower after rally on Libya production halt
U.S. crude oil futures fell more than 2% to close below $76 per barrel on Tuesday, after surging in the previous session on reports OPEC member Libya will halt production and exports.Libya produces about 1.2 million barrels per day with…
Energy price cap to increase again in January
Ofgem has confirmed that the energy price cap will increase by 10% in October, bringing the annual cost for a typical dual fuel household to £1,717.The rise is attributed to a recent spike in wholesale energy prices, driven by the UK’s…
Stocks slide ahead of Powell’s speech
Traders work on the floor of the New York Stock Exchange during morning trading on August 12, 2024 in New York City. Michael M. Santiago | Getty Images News | Getty ImagesThis report is from today's CNBC Daily Open, our international…
Energy firm acquires consultancy to boost green services
Sustainability and utilities specialist Sustainable Energy First has acquired a business utility and sustainability consultancy Inenco.The merger is set to improve access to renewable energy for businesses, supporting their goals for net…
U.S. crude oil rises above $74 per barrel but posts weekly loss on slowing
The market is focused on demand in China as geopolitical risk in Middle East fades.
Read More: U.S. crude oil rises above $74 per barrel but posts weekly loss on slowing
Solar power takes over ex-army bases
BayWa r.e. has successfully repurposed two former military sites in Central and South-West France into solar energy hubs.Spanning 151 hectares, these developments consist of five solar farms equipped with over 300,000 panels, providing a…
CNBC Daily Open: A ‘crazy’ summer
Traders work on the floor of the New York Stock Exchange during morning trading on August 20, 2024 in New York City.Michael M. Santiago | Getty ImagesThis report is from today's CNBC Daily Open, our international markets newsletter. CNBC…
Octopus leads in energy customer satisfaction
Consumer satisfaction with UK energy suppliers increased between January and February 2024 compared to the previous survey period from August to September 2023.However, satisfaction levels remain below the peaks recorded in 2020.That’s…
WTI lower as demand weighs on market
U.S. crude oil futures fell nearly 3% on Monday to trade below $75 per barrel, as the U.S. pushes to secure a cease-fire deal to the end the fighting in Gaza and worries about softening demand weighed on the market.U.S. Secretary of…
Consultation open on NESO future energy pathways
Ofgem has opened a consultation to gather feedback on its draft future energy pathways guidance.This guidance is intended for the soon-to-be-established National Energy System Operator (NESO), which will manage Britain’s electricity and…