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Energy
WTI rises as Francine disrupts supplies
Satellite image of Hurricane Francine on Sept. 11, 2024.NOAA GOES EASTU.S. crude oil jumped more than 2% to close above $68 per barrel on Thursday after Hurricane Francine churned through the Gulf of Mexico, disrupting oil production…
Flagship Energy’s Tejal Shah Energy Markets Update – 11th September 2024
1) What’s happening in the markets and why?The UK and European gas markets gained a little towards the end of last week, following a mostly bearish week. This week opened higher amid cooler temperatures, ongoing Norwegian…
Oil prices close at lowest since December 2021
Crude oil futures on Tuesday closed at the lowest level since December 2021, as the market sell-off gained speed after OPEC lowered its demand forecast for the second time in two months."Crude Oil demand destruction one two punch from…
UK water firms compete for millions in innovation race
Ofwat, the water regulator for England and Wales, is offering up to £40 million for innovative projects in its fifth Water Breakthrough Challenge.The funding will support collaborative projects led by water companies that aim to address…
We’re adding to a hard-hit stock that should see relief from rate cuts and
We are buying 200 shares of Nextracker at roughly $34.20 Following the trade, Jim Cramer's Charitable Trust will own 1,150 shares of NXT, increasing its weighting to 1.2% from 1%. We're making one small buy on Friday because the market…
Ofgem hands out £84m to boost UK’s net zero
Ofgem has approved funding for 12 new projects under the Strategic Innovation Fund (SIF), allocating £84 million to advance projects designed to help the UK achieve net zero.This funding, provided in partnership with Innovate UK, is…
WTI lowest since June 2023
U.S. crude oil hit the lowest level since June 2023, putting the benchmark on pace for its worst week in nearly a year, as OPEC+ has failed to reassure the market about the global supply and demand balance.U.S. crude hit a low of $67.17…
EDF offers fixed tariff £68 below price cap
EDF has announced a new fixed energy tariff that it claims is £68 cheaper than the upcoming Ofgem price cap.The “Essentials Fixed one year Sep25v2” tariff is set at £1,649, compared to the October price cap of £1,717.EDF is also offering…
Bitcoin ETFs saw heaviest outflows in four months as crypto plunged
CFOTO | Future Publishing | Getty ImagesSpot bitcoin exchange-traded funds had their worst day in over four months on Tuesday as investors pulled some of their money alongside a broader market selloff.More than $287 million was withdrawn…
No new UK oil and gas permits on the table
The government has no plans to issue new oil and gas licences and will not speculate on future legal costs.
Claire Coutinho, the Shadow Secretary of State for Energy Security and Net Zero, has asked the Secretary of State about the…