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Energy
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,…
Crypto spend on election hits $190 million, led by Winklevoss twins
Tyler Winklevoss and Cameron Winklevoss (L-R), creators of crypto exchange Gemini Trust Co., on stage at the Bitcoin 2021 Convention, a cryptocurrency conference held at the Mana Convention Center in Wynwood in Miami, Florida, on June 4,…
National Grid agrees £630m sale of ESO to UK Government
National Grid has announced it has reached an agreement with HM Government to sell its Electricity System Operator (ESO) for £630 million.The final cash amount will be adjusted for standard closing items, including timing…
Bitcoin network hits record hash rate, profits falling for miners
A bitcoin sign is seen in the main hall during the Bitcoin 2024 conference at Music City Center July 26, 2024 in Nashville, Tennessee.Jon Cherry | Getty ImagesIt was a week of extremes for bitcoin enthusiasts. On the plus side, the…
Customers to win cash with new solar and EV battery trial
A new trial aims to help solar panel owners save money and cut carbon emissions by using their electric vehicle (EV) batteries as storage.EDF is testing this approach, which lets users store extra solar power in their EV batteries.The…
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…