Europe to face fuel shortage – Shell CEO
European diesel and gasoline supplies could be affected next month due to the Iran war, Shell CEO Wael Sawan has warned Read Full Article at RT.com
Business
Russian oil at premium over Middle East war – Bloomberg
Indian refiners have reportedly boosted Russian oil purchases, paying above Brent price as the Middle East war disrupts supplies Read Full Article at RT.com
ScottishPower secures £600m backing for major UK subsea power link
ScottishPower secures £600m from the National Wealth Fund for Eastern Green Link 4, a 2GW subsea cable boosting UK energy security and clean power capacity. Read more: ScottishPower secures £600m…
UK inflation holds at 3% ahead of expected post-war price surge
UK inflation remained at 3% in February, but rising oil prices from the Iran conflict are expected to push inflation higher later this year. Read more: UK inflation holds at…
Blackrock chief warns $150 oil could trigger global recession
BlackRock CEO Larry Fink warns oil at $150 could trigger a global recession, as energy costs, inflation and geopolitical risks reshape the economic outlook. Read more: Blackrock chief warns $150…
UK factory costs surge at fastest rate since black wednesday amid energy shock
UK factory costs have risen at their fastest pace since 1992 as energy prices spike, with PMI data showing growth slowing sharply and inflation risks mounting. Read more: UK factory…
Revolut posts record £1.7bn profit as it eyes UK credit card launch
Revolut reports record £1.7bn profit and plans UK credit card launch after securing banking licence, as customer growth passes 70 million globally. Read more: Revolut posts record £1.7bn profit as…
Merlin writes down Madame Tussauds by £262m as visitor numbers fall
Merlin Entertainments takes a £262m writedown on Madame Tussauds as visitor numbers decline and the group pushes to reinvent the brand. Read more: Merlin writes down Madame Tussauds by £262m…
EU shelves Russian oil ban as Iran war rattles energy markets
The EU has reportedly delayed plans for a complete ban on Russian oil imports amid the turmoil in global energy markets Read Full Article at RT.com
US threatening EU energy supply to push through trade deal
The EU could lose “favorable” access to American gas if it amends a trade deal with Washington, the US envoy to the bloc has warned Read Full Article at RT.com