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Evening Standard
Evening Standard
World
David Bond

Higher energy bills are here to stay, says oil boss

Oil Anders Opedal Equinor Ukraine United Kingdom Europe Inflation

This file photo taken on January 7, 2020 shows a platform in the Johan Sverdrup oil field west of Stavanger, Norway

(Picture: NTB Scanpix/AFP via Getty Images)

Higher energy bills are here to stay, the head of one of Europe’s biggest oil and gas companies warned on Monday.

Anders Opedal, chief executive of Norwegian energy giant Equinor, said that while prices were likely to be less volatile in the future the need to invest in renewable energy sources meant bills will probably remain higher than they were before Vladimir Putin’s invasion of Ukraine.

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