Finance News – Energy Sector
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OPEC+ agrees to boost oil production by 547,000 barrels per day from September
The planned increase in daily oil output by several OPEC+ members is expected to influence global supply levels and may impact energy market prices in the upcoming months.
Read Full Article →Claims Russian 'blood oil' fuelling motorists as tanker nears WA
The arrival of a tanker carrying prohibited Russian crude in Western Australia raises concerns about the economic impact and ethical implications of importing energy resources link...
Read Full Article →Caught between a fossil fuel past and a green future, China’s coal miners chart an uncertain path
China’s transition from coal to renewable energy presents financial challenges for mining communities, as workers and families face economic uncertainty amid shifting investments a...
Read Full Article →Powering the Future
Saudi Arabia's transition to renewable energy is attracting significant foreign investment, driving policy reforms, and fostering innovation that could diversify the nation’s econo...
Read Full Article →Hercules PLC builds momentum with strong half-year results and strategic expansion
Hercules PLC’s solid financial performance during the first half of FY2025, supported by planned acquisitions and entry into new markets, positions the company for sustained growth...
Read Full Article →Ed Miliband would let a turbine farm destroy Brontë country. We need net zero, but at what cost? | S...
The proposed development of a large wind turbine project in a historically significant area highlights the complex balance between achieving renewable energy goals and preserving c...
Read Full Article →IEA Sees Global Oil Supply Growing Faster Than Expected
The International Energy Agency projects an accelerated increase in worldwide oil production, which may impact market dynamics and influence energy prices in the foreseeable future...
Read Full Article →Canada can become an LNG powerhouse, but it will take innovation and determination
Canada's emerging role in the liquefied natural gas sector presents substantial economic potential, requiring ongoing advancements and commitment to fully capitalize on future mark...
Read Full Article →Shell Warns of Weakness in Integrated Gas Business
Shell's integrated gas segment is facing challenges that could impact its overall revenue and profitability, signaling potential pressure on the company's future financial performa...
Read Full Article →OPEC+ agrees to a larger-than-expected hike in oil output for August
The decision to increase oil production more than anticipated in August may influence global energy markets and impact revenue streams for oil-exporting countries.
Read Full Article →‘This bill protects our precious waters’: how a Florida environmental group scored a win against big...
The passage of HB 1143 is expected to mitigate potential economic losses in northern Florida by reducing environmental risks associated with offshore drilling near valuable coastal...
Read Full Article →OPEC+ members agree to larger-than-expected oil production hike in August
The unexpected increase in crude output by several OPEC+ members could influence global oil prices and impact energy markets, affecting revenue streams for both producers and consu...
Read Full Article →‘Balcony solar’ may at last become a reality for flat residents in Britain
The potential approval of small-scale solar panel installations on balconies could enable UK residents to reduce electricity costs and contribute to the country’s broader goal of e...
Read Full Article →Eon: UK sales suffer £800m slump as prices fall
Eon’s UK division experienced a substantial decrease in revenue in 2024, with turnover dropping by over £800 million compared to the previous year due to declining wholesale energy...
Read Full Article →Household energy bills fall but may not go much lower
The average monthly cost for gas and electricity in households is expected to decrease by approximately £11, reflecting a notable reduction in domestic energy expenses.
Read Full Article →Canada is getting a second shot at becoming a major LNG player
The new LNG export facility in Kitimat, along with additional projects underway, represents a valuable opportunity for Canada to tap into growing international demand, despite ongo...
Read Full Article →AGN accused of running dodgy 'Love Gas' ads that deceived viewers
The controversy surrounding Australian Gas Networks' recent advertising campaign has raised concerns about potential impacts on the company's reputation and financial performance i...
Read Full Article →Alberta's oilsands to hit record production high in 2025
The increase in northern Alberta's oilsands output by five percent in 2025 is likely to have a notable impact on the region's economic growth and revenue generation within the ener...
Read Full Article →UK energy meter switch-off delayed amid fears over heating and higher bills
Delaying the deactivation of outdated electricity meters helps prevent sudden increases in household energy costs and potential heating system issues for thousands of UK residents...
Read Full Article →Winter fuel payments: there is a better way to help with energy bills
Adjusting support based on income rather than age could more effectively alleviate the burden of rising energy costs, which currently average £1,720 per household each year.
Read Full Article →What's the Chance that Oil Prices Top $100? And What Might Happen If They Did?
A rise in oil prices above $100 per barrel could significantly impact global markets, influencing inflation rates, production costs, and consumer spending across various economies.
Read Full Article →Lammy: Iran blocking Strait of Hormuz would be ‘catastrophic mistake’
A disruption of the Strait of Hormuz could severely impact global oil shipments, potentially causing significant fluctuations in energy markets and international trade financial st...
Read Full Article →Why electricity prices are surging for U.S. households
Rising electricity costs are increasing faster than overall inflation, placing additional financial pressure on U.S. households and suggesting that this trend may persist in the fo...
Read Full Article →Turning coalmines into solar energy plants ‘could add 300GW of renewables by 2030’
Repurposing recently closed coal mining sites for solar power generation has the potential to significantly boost renewable energy capacity, offering substantial economic value and...
Read Full Article →Fears WA's main power grid 'slowly collapsing' as gas plant teeters on edge
The financial instability of a major gas-fired power facility in Western Australia raises concerns about potential disruptions that may impact the broader energy market and increas...
Read Full Article →Oil Stocks Rise, Airline Shares Fall as Middle East Tensions Continue
Market dynamics shifted as energy sector equities experienced gains while aviation-related investments declined amid ongoing geopolitical challenges in the Middle East.
Read Full Article →Oil prices rise more than 3% after Trump threatens Iran's leader, calls for unconditional surrender
The increase in crude oil costs reflects heightened geopolitical tensions, potentially impacting global energy markets and prompting concerns over supply disruptions amid escalatin...
Read Full Article →Does the UK need nuclear to reach net zero? – podcast
The UK government’s £14 billion commitment to developing a new nuclear facility highlights its strategy to secure long-term low-carbon energy despite concerns over financial risks...
Read Full Article →'We sit in the dark to save money on electricity'
Over 100 individuals participated in a Saturday protest to highlight public concern over rising electricity costs that exceed inflation, emphasizing the financial strain on househo...
Read Full Article →Israel's Attack on Iran Sends Crude Prices Soaring, Lifting Oil-Related Stocks
Rising tensions in the Middle East have caused a significant increase in crude oil costs, positively impacting the market value of companies involved in the petroleum industry.
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