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Pound Sterling Price News and Forecast: GBP/USD remains weaker as UK-US yields narrow
GBP/USD extends its losses for the second consecutive day, trading around 1.3450 during the Asian ho...
British Pound remains weaker as UK-US yields narrow, US Dollar strengthens
GBP/USD extends its losses for the second consecutive day, trading around 1.3450 during the Asian ho...
Tankers Emerge from Dark Mode amid Tentative Hormuz ReopeningTankers Emerge from
A growing number of oil tankers have been broadcasting their position and intention to pass through the Strait of Hormuz in recent hours, in a sign that a tentative recovery of traffic through the cho ...
U.S. and Iran Signal Progress Toward Peace Deal
Iran and the United States cited progress in talks toward reaching a final peace deal, though comments from both sides highlighted the fragile state of negotiations. Hours after US Vice President JD V ...
Europe’s Battery Storage Installations Set to Quadruple by 2030
further accelerate through 2030 as utility-scale projects lead growth, the SolarPower Europe association said in a new report on Tuesday. Last year, the European battery storage market saw 36 gigawatt ...
India Boosts U.S. LPG Imports to Record High
Despite higher prices, India is set to import the biggest ever volumes of liquefied petroleum gas (LPG) from the United States in June as it seeks to replace still-constrained supply from the Middle E ...
Europe’s EV Boom Accelerates as Chinese Brands Gain Ground
Electric vehicle sales, increasingly featuring Chinese vehicles, led an overall increase in car sales in Europe last month, with gasoline and diesel cars booking declines amid higher prices at the pum ...
UK Has Enough Electricity for Winter Despite Energy Market Turmoil
The UK will have sufficient electricity supply this winter despite the Strait of Hormuz crisis, NESO, the country’s grid operator, said today. “While we will continue to monitor global energy markets, ...
Denmark and Germany Launch Europe’s First Hydrogen Superhighway
For the past few years, hydrogen has suffered from a credibility problem. Not because the technology itself stopped making sense, but because expectations ran too far ahead of reality. Governments ann ...
London Mayor: UK Tops Green Finance Rankings for Eighth Straight Year
As the City of London Corporation marks the fifth instalment of the Net Zero Delivery Summit this week, I reflect on the world we were in back in 2022. Only four years ago businesses and communities w ...
Greek Energy Pulls In $26B As Europe Scrambles To Replace Russian Gas
Billions of dollars in investments are flowing into Greece’s energy sector as the country tries to establish itself as a vital energy transit hub for Central, Eastern, and Southeastern Europe as the E ...
Saudis Turn to Russian Fuel Oil as Iran War Saps Fossil Power Supplies
Saudi Arabia continues to snap up high volumes of Russia’s fuel oil as the Hormuz crisis has forced shut oil and gas wells and reduced domestic supply for power generation amid rising temperatures. Ru ...
Heatwave, Hormuz Threats and Qatar Blast Push European Gas Prices Higher
Europe’s benchmark natural gas prices rose by nearly 2% on Monday morning in Amsterdam as a heatwave in Europe is raising short-term power demand and the U.S.-Iran talks continue amid conflicting mess ...
China Builds New LNG Hub as Russian Imports Surge
China is preparing a second terminal to receive sanctioned Russian liquefied natural gas (LNG), as the country’s gas imports surge. According to an exclusive report by Reuters, the newly built Longko ...