April energy bills predicted at £1,620

Despite Red Sea disruptions, April 2024 energy price cap forecasts show £40 annual decrease since December

Global oil supply set to reach record high in 2024

The IEA’s oil outlook projects a record-high global supply of 103.5 million barrels per day, driven by increased production from the US, Brazil, Guyana and Canada

Centrica boss on his £4.5m salary: “You can’t justify a salary of that size”

Chris O’Shea, Centrica CEO, discussed the energy price cap in an interview, indicating that if reset today, prices would decrease by over £200 for the typical household

Octopus chief forecasts lower UK energy bills in April

Octopus Energy’s Chief Executive Officer Greg Jackson predicted that the forthcoming energy price cap would be significantly lower than current levels, attributed to providers prepaying for gas

Businesses urged to rethink energy strategies amid Red Sea unrest

Consultants suggest businesses rethink how they use energy due to conflicts in the Red Sea, recommending ways to save money and deal with uncertainties

Global energy markets at risk amid Red Sea tensions

Experts caution against potential global impacts on energy markets due to escalating tensions in Yemen, citing a temporary surge in oil prices and disruptions to trade routes

Tesla halts German production amid Red Sea shipping attacks

Tesla Giga Berlin has announced a temporary production pause from 29th January to 11th February, attributing the decision to the ongoing conflict in the Red Sea

New energy crisis looms amid Red Sea attacks

Experts have expressed concerns that ongoing attacks on shipping in the Red Sea could further shrink the UK economy and lead to another energy crisis

Ship to arrive and prevent massive oil spill in Yemen

The ship in question holds four times the amount of oil carried by the Exxon Valdez, which caused one of the worst environmental disasters in US history when it spilled in 1989

‘Egypt is polluting coral reefs whilst hosting COP,’ study claims

An oil terminal is allegedly releasing wastewater into the Red Sea