Europe to get hit of cool weather next week just as wind drops
Cooler weather is set to increase demand for heating across Europe from next week adding pressure to already strained energy markets where price moves have become extremely volatile.
energy crisis
China tells gas importers to bear high cost to fix energy crisis
China is urging its liquefied natural gas (LNG) importers to procure more supply to fix its energy crisis, while providing little financial support for firms paying record-high rates for the super-chilled fuel.
European gas surges 60% in two days as EU sounds alarm
European gas prices surged again, bringing their gains over just two days to 60%, as the impact of soaring energy costs rippled through equity and bond markets and the European Union sounded the alarm.
UK natural gas reaches highest ever price
European energy prices soared to fresh records amid worsening fears over supply, with UK natural gas futures exceeding the threshold of 300 pence a therm for the first time ever.
OPEC+ choice to drip-feed oil supply sends price to 7-year high
Oil steadied in Asian trading after rallying to the highest level since 2014 following a decision by OPEC+ to maintain its planned gradual increase of supply, despite the market facing an energy crunch.
China’s energy crisis highlights weaknesses in Xi’s power plans
China’s energy crisis has highlighted weaknesses in one of President Xi Jinping’s top priorities -- energy security -- that could have ramifications for the power system for years to come.
China orders top energy firms to secure supplies at all costs
China’s central government officials ordered the country’s top state-owned energy companies -- from coal to electricity and oil -- to secure supplies for this winter at all costs, according to people familiar with the matter.
Energy crisis will see people pay for higher level of reliability
Britain is facing the prospect of an energy supply crisis which will see customers having to pay for a higher level of reliability, it has been reported.
Ministers ‘in denial’ over renewable energy sources
Oil tycoon Sir Ian Wood has accused Scottish ministers of being in denial over their belief that the country's energy needs can be met from renewable sources.