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Energy
WTI lower as demand overshadows Libya risk
U.S. crude oil fell more than 1% Wednesday to settle below $75 per barrel as the market continues to shed gains made earlier in the week on the threat of supply disruptions in Libya."Oil prices remain range-bound, despite the potential…
‘Fuel prices should drop by 6p’
The RAC has urged major UK fuel retailers to lower petrol and diesel prices by 6p per litre.This call comes as wholesale fuel prices have decreased.The RAC points out that while wholesale petrol averaged 103p per litre last week, drivers…
It’s not completely bad news that Nvidia fell
A view of NVIDIA headquarters in Santa Clara of Silicon Valley, California, United States on August 28, 2024. Tayfun Coskun | Anadolu | Getty ImagesThis report is from today's CNBC Daily Open, our international markets newsletter. CNBC…
No cash penalties for new energy body
New rules for the National Energy System Operator (NESO) will forgo financial penalties for breaches and focus on reputational consequences instead.The new NESO will be established under the Energy Act 2023.NESO will manage electricity,…
WTI rises after two days of losses
U.S. crude oil futures rose nearly 2% on Thursday, rebounding after a two-day losing streak as Libya confirmed major disruptions in its oil output. Production in Libya has fallen by 1.5 million barrels over the past three days for a…
Flagship Energy’s Tejal Shah Energy Markets Update – 28th August 2024
Last week we saw UK and European gas prices ease off recent highs, however this week has seen a resurgence in the bullish momentum. Once again geopolitical and supply risk appear to be the reason for the gains. The market continues to…
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…