Latest news
Ukraine wants lower cap on Russian oil, at $30-$40 per barrel
The price for Russian seaborne oil should be capped at between $30 and $40 per barrel, lower than the level that Group of Seven nations have proposed, Ukrainian President Volodymyr Zelenskiy said on Saturday.
read more... 28/11/2022
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EU struggles with Russian oil price cap, talks to resume when positions converge
European Union governments remained split on Thursday over what level to cap Russian oil prices at to curb Moscow's ability to pay for its war in Ukraine without causing a global oil supply shock, with more talks possible on Friday if positions converge.
read more... 25/11/2022
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France's first commercial-scale offshore wind farm starts full operations
France's first commercial-scale offshore wind farm started full operations on Wednesday, adding 480 megawatts of capacity to the grid at a time when Europe is scrambling to secure energy supplies following Russia's invasion of Ukraine.
read more... 24/11/2022
UK oil and gas sector faces $24 bln bill to plug old wells
British North Sea oil and gas producers will spend around 20 billion pounds ($24 billion) on dismantling over 2,000 unused wells and facilities in the ageing basin over the next decade, an industry group said on Tuesday.
read more... 23/11/2022
EV owners to pay road tax in UK from 2025
UK finance minister Jeremy Hunt said Britain will introduce road taxes on electric cars from 2025, ending an exemption that was intended to spur adoption of zero-emission vehicles.
read more... 21/11/2022