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The Latest Breaking News on Energy

Asda and Morrisons leading supermarket petrol price war that is seeing fuel prices plummeting

It now costs around £23 less to fill an average-sized car than it did in July

Wales Online

Can US shale gas save Europe from its energy crisis?

On the surface, booming US shale gas production looks like the perfect solution for Europe as it reels from the energy crisis created by tearing itself away from Russian gas. But analysts say it is no panacea.

France 24

North Dakota oil production rough patch continues

North Dakota's oil industry posted another tepid month in November with production falling 2.1 %.

Tribune News Service

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Erawan output set to normalise next year

PTT Exploration and Production Plc (PTTEP) expects gas production at the Erawan gas field in the Gulf of Thailand to increase to the normal level of 800 million metric standard cubic feet per day (MMSCFD) by April next year, part of efforts to increase domestic gas supply and reduce electricity…

Bangkok Post

Cheapest places for petrol and diesel across Liverpool

We've taken a look at where you may be best visiting to save money

Liverpool Echo

Bulgaria seeks to revive trans-Balkan pipeline project to secure non-Russian oil

Bulgaria is looking to revive a trans-Balkan oil pipeline project to secure non-Russian crude oil supplies for its only oil refinery on the Black Sea, controlled by Russia's Lukoil, President Rumen Radev said on Tuesday.

Reuters

Banks still investing heavily in fossil fuels despite net zero pledges – study

Financial institutions signed up to GFANZ initiative accused of acting as ‘climate arsonists’

The Guardian - UK

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Economists warn of global recession danger ahead of World Economic Forum at Davos – as it happened

Live, rolling coverage of business, economics and financial markets as economists for major businesses forecast weak economic growth in Europe and the US

The Guardian - UK

What the end of the US shale revolution would mean for the world

Fracking catapulted America to the top of the energy hierarchy, but low yields and a lack of reinvestment threaten that position

Financial Times

COP28 has a fox in the henhouse as oil baron prepares to lead summit

Record View questions whether oil barons should be leading climate change talks at upcoming summit.

Daily Record

EU needs to keep increasing pressure on Russia - von der Leyen

The European Union needs to keep increasing pressure on Russia and supporting Ukraine, European Commission president Ursula von der Leyen said on Friday.

Reuters

Texas oil patch gears up for more growth and spending with the Permian leading the way

What a difference a few years make in the Texas oil patch.

Tribune News Service

COP28 fury as one of world’s biggest oil barons appointed president of climate talks

EXCLUSIVE: Campaigners hit out at 'cruel joke' after Sultan Ahmed Al Jaber, CEO of the Abu Dhabi National Oil Company, picked to lead crucial UN climate summit.

Daily Record

South African power cuts worsen as Eskom extends worst-ever outages

South African power cuts worsened on Wednesday as struggling state utility Eskom said it would extend its worst-ever outages until further notice.

Reuters

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Evening Standard

Just Stop Oil refuse to rule out disrupting King’s coronation this summer

The environmental protest group has said it could potentially target the King’s Coronation on May 6 in London

The Independent UK

Report: Oil price cap takes small slice of Russia war chest

Russia's still making plenty of money from oil sales despite a price cap imposed by the Group of Seven major democracies

Leeds Live

Leeds' cheapest petrol right now as prices drop to lowest in a year

You can currently get petrol for as little as 145.9p

Manchester Evening News

Greater Manchester cheapest petrol and diesel prices as UK average cost of unleaded drops to 1.50p

Asda, Sainsburys and Tesco have some of the cheapest petrol prices across Greater Manchester

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news in one place.

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Radio France Internationale

Belgium extends contract with French energy company for nuclear reactors

After months of talks, Belgium has agreed a deal with French power firm Engie on extending the life of two nuclear reactors for a decade.

The Guardian - UK

Average price for UK litre of petrol below 150p for first time since war in Ukraine

Russia’s invasion of Ukraine pushed up wholesale prices of gas and oil

The Guardian - UK

Rishi Sunak plans to crack down on ‘go-slow’ protests used by Just Stop Oil

PM aims to further restrict right to demonstrate by giving police powers to tackle fuel protesters’ latest tactic

Tribune News Service

US rejects oil offers in first attempt to replenish stockpiles

WASHINGTON — The Biden administration is delaying the replenishment of the nation’s emergency oil reserve after deciding the offers it received were either too expensive or didn’t meet the required specifications, according to people familiar with the matter.

Tribune News Service

POINT: Nuclear fusion is the energy source of the future

Last month, nuclear fusion topped headlines around the world when scientists at Lawrence Livermore National Laboratory in California announced an essential milestone in developing this nascent technology. They achieved “ignition,” meaning more energy came out of a reaction than was needed to make the reaction happen in the first place.…

Bangkok Post

Oil Fund mulls second B30bn loan

The Oil Fuel Fund Office (Offo) is considering seeking an additional 30-billion-baht loan within March to repay debts incurred by using the fund to subsidise diesel and liquefied petroleum gas (LPG) prices.

Bangkok Post

Oil fund considering second B30bn loan

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