Energy News | Green & Renewables News | LondonLovesBusiness https://londonlovesbusiness.com/business-news/business/energy/ Business News Wed, 06 Sep 2023 15:17:25 +0000 en-GB hourly 1 https://londonlovesbusiness.com/wp-content/uploads/2020/07/LLB-favicon.jpg Energy News | Green & Renewables News | LondonLovesBusiness https://londonlovesbusiness.com/business-news/business/energy/ 32 32 Oil prices soar to over $90 a barrel as Russia and Saudi increase prices https://londonlovesbusiness.com/oil-prices-soar-to-over-90-a-barrel-as-russia-and-saudi-increase-prices/ Wed, 06 Sep 2023 15:17:25 +0000 https://londonlovesbusiness.com/?p=142294 On Tuesday, the cost of oil rose to over $90 a barrel for the first time this year as a result of the two largest oil exporters, Saudi Arabia and…

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]]> Oil prices surge on production cuts extension https://londonlovesbusiness.com/oil-prices-surge-on-production-cuts-extension/ Wed, 06 Sep 2023 05:01:24 +0000 https://londonlovesbusiness.com/?p=141739 Oil prices surged after Russia and Saudi Arabia extended their production cuts for the remainder of the year. The strategy has sustained the market’s climb until now and has lifted…

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]]> Octopus buys Shell’s domestic energy supply business gaining 2 million new customers https://londonlovesbusiness.com/octopus-buys-shells-domestic-energy-supply-business-gaining-2-million-new-customers/ Fri, 01 Sep 2023 14:40:43 +0000 https://londonlovesbusiness.com/?p=141328 Octopus Energy has agreed to buy Shell’s electricity and gas provider on Friday and has gained 2 million new customers. Octopus has gained half a million customers who receive their…

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]]> How can businesses support staff with energy bills during winter? https://londonlovesbusiness.com/how-can-businesses-support-staff-with-energy-bills-during-winter/ Wed, 30 Aug 2023 12:01:33 +0000 https://londonlovesbusiness.com/?p=141034 It is estimated that the average UK household will be spending about £1,923 a year on their energy bills from October, down from £2,074 last year. However, without the government…

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]]> Wales & West Utilities ramp up innovation investment to meet energy challenges of the future https://londonlovesbusiness.com/wales-west-utilities-ramp-up-innovation-investment-to-meet-energy-challenges-of-the-future/ Wed, 30 Aug 2023 11:59:38 +0000 https://londonlovesbusiness.com/?p=141025 Wales and West Utilities has set out their latest evidence on how innovation can be used to help to meet the UK Government’s net zero target. The future of energy…

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]]> The future of oil prices: Implications of storm ‘Idalia’ and Chinese and Saudi economic movements https://londonlovesbusiness.com/the-future-of-oil-prices-implications-of-storm-idalia-and-chinese-and-saudi-economic-movements/ Tue, 29 Aug 2023 14:19:56 +0000 https://londonlovesbusiness.com/?p=140969 Crude oil prices are still under negative pressure for the second consecutive day as prices touch the 200-day simple moving average support at $79.50 per barrel during early European trading…

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]]> Uncertainty over demand and supply levels affects oil prices https://londonlovesbusiness.com/uncertainty-over-demand-and-supply-levels-affects-oil-prices/ Tue, 29 Aug 2023 12:53:58 +0000 https://londonlovesbusiness.com/?p=140951 Oil prices continued to see strong volatility with traders monitoring the developments on the demand and supply sides. The market has been rebounding to a certain extent during the last…

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]]> North Sea’s largest oil and gas producer reports lower profit of £337 million https://londonlovesbusiness.com/north-seas-largest-oil-and-gas-producer-reports-lower-profit-of-337-million/ Thu, 24 Aug 2023 12:24:11 +0000 https://londonlovesbusiness.com/?p=140721 The North Sea’s largest oil and gas producer Harbour Energy has reported a fall in profit and will extract less than expected for this year. The company said that the…

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]]> Oil prices stabilised around $78 amid expectations of a rise in American inventories https://londonlovesbusiness.com/oil-prices-stabilised-around-78-amid-expectations-of-a-rise-in-american-inventories/ Thu, 24 Aug 2023 04:29:37 +0000 https://londonlovesbusiness.com/?p=140675 After a sharp decline since the beginning of Tuesday’s trading, crude oil prices have stabilised near strong support levels around $78 per barrel. The withdrawal of oil inventories being larger…

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]]> Angola’s renewable revolution: Breaking away from oil dependence https://londonlovesbusiness.com/angolas-renewable-revolution-breaking-away-from-oil-dependence/ Wed, 16 Aug 2023 16:24:11 +0000 https://londonlovesbusiness.com/?p=140338 Angola’s recent shift toward renewable resources is a bold, future-driven vision, marking a major turning point in the nation’s economic trajectory. This strategic reorientation, led by Minister of Mineral Resources,…

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