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Energy
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…
WTI falls as cease-fire talks continue
U.S. crude oil futures fell more than 1% on Friday amid reports that Qatar told Iran to not attack Israel while Gaza cease-fire talks are ongoing.Qatar's prime minister told Iran's leaders in a phone call after the first day of Gaza…
‘UK businesses rely on carbon credits to hit green targets’
Almost two-thirds of sustainability goals set by large UK businesses are expected to be met through the purchase of carbon credits.On average, these companies plan to spend £20 million each on these credits.Carbon credits allow…
WTI, Brent rebound after two days of losses
U.S. crude oil futures rose more than 1% on Thursday to close above $78 per barrel, rebounding from two days of losses as recession fears ease.Strong retail sales for July and declining jobless claims gave investors renewed confidence in…
Flagship Energy’s Tejal Shah Energy Markets Update – 14th August 2024
European and UK gas markets have traded at multi-month highs this week after peaking within day on Monday to levels not seen this year. Whilst prices are a touch softer a significant risk premium has been built in comparison to where…
WTI falls on renewed demand worries
U.S. crude oil prices fell 2% on Tuesday, as slowing global demand overshadows tensions between Iran and Israel.The market has shifted its focus back to fundamentals after the International Energy Agency and OPEC flagged softening…
West Burton B gas-fired power station changes hands
West Burton Energy (WBE) and EIG have finalised the sale of West Burton B Power Station in Nottinghamshire, England to TotalEnergies.In June, Energy Live News reported that TotalEnergies signed an agreement with EIG, a global energy…
Bitcoin plunged 28%. Institutional investors bought the dip
The crypto markets appear calm heading into the weekend after a volatile week that tested how institutional investors new to the crypto trade would react to the mammoth swings that are old hat for more seasoned digital currency…
UK and Poland back €249m loan for Turkey’s solar project
The UK and Poland have partnered to support a €249 million (£214m) financing deal for a solar power project in Turkey.The loan, arranged by Standard Chartered Bank and backed by UK Export Finance (UKEF) and Poland’s export credit agency…
WTI, Brent on pace for weekly gain
A truck carrying natural gas enters the Gaza Strip via the Rafah crossing with Egypt, hours after the start of a four-day truce in battles between Israel and Palestinian Hamas militants, on November 24, 2023. Said Khatib | AFP | Getty…