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High energy prices leave oil giants untroubled by Russia exit or tax hints
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High energy prices leave oil giants untroubled by Russia exit or tax hints

“May you live in interesting times,” runs the saying, supposedly an English translation of an ancient Chinese curse. For BP and Shell, the British companies that account for two of the world’s seven oil “supermajors”, the first quarter of 2022 has been painfully fascinating. Both were heavily enmeshed in Russia and now face having to write...

Wholesale energy prices hit second highest level in at least three years
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Wholesale energy prices hit second highest level in at least three years

Wholesale energy prices hit the second highest level in at least three years on Monday, adding pressure on suppliers struggling to secure electricity and gas at competitive rates. Low wind speeds were to blame for pushing wholesale energy prices for the peak period between 5pm and 6pm over £2,000 per megawatt hour, only the second...

UK expected to ban sale of new petrol and diesel cars from 2030
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UK expected to ban sale of new petrol and diesel cars from 2030

Boris Johnson is understood to be planning to ban the sale of new petrol and diesel cars within a decade, with reports that the ban will be brought forward by five years. It follows the prime minister moving the cut-off date from 2040 to 2035 in February. Johnson is expected to announce the measure amid...