Major commodity trading group Glencore was kept in the dark about critical financial difficulties at the Prax Lindsey oil refinery until mere days before its collapse into administration, despite government
All posts tagged in energy crisis
12Articles
A critical oil refinery responsible for 10% of Britain’s fuel supply stands on the brink of closure, threatening significant disruption to national fuel distribution. The Lindsey Oil Refinery in Lincolnshire,
One of Britain’s last remaining oil refineries has fallen into administration, triggering urgent government intervention and putting approximately 400 jobs at risk. The Prax Lindsey facility, situated on the River
The stark reality of Britain’s escalating electricity crisis is becoming increasingly evident as both industries and households grapple with unprecedented power costs. The situation has reached a critical point where
Oil and gas markets face unprecedented volatility as Iran threatens to block the Strait of Hormuz, potentially triggering a catastrophic surge in UK household energy bills to £4,500 annually. The
Oil prices have witnessed a substantial 10 per cent increase over the past week amid growing tensions between Israel and Iran, prompting warnings from the UK’s Chancellor Rachel Reeves about
The dramatic scenes unfolding in Britain’s steel sector paint a stark picture of industrial decline, with rising energy costs at the heart of the crisis. The closures of Port Talbot
Slovak Prime Minister Robert Fico’s political strategy, centred on maintaining cordial relations with Moscow and securing affordable Russian gas imports, has encountered significant obstacles. The populist leader now confronts mounting
Oil prices surged to their highest levels since August as refiners in India and China desperately sought alternative supplies following stringent new US sanctions targeting Russian oil revenues. Brent crude,
Great Britain’s electricity grid operator has issued an urgent call for additional power generation capacity as the nation braces for severe winter weather conditions. The National Energy System Operator (Neso)
In a dramatic shift of energy policy, Norway’s ruling coalition parties are pushing to disconnect power links with Denmark and potentially renegotiate agreements with the UK and Germany as domestic
It has been widly reported that the energy regulator Ofgem’s price cap is set to rise by 10 per cent on 1 October, reaching £1,717 for the average household. This
