Australian govt inks deal with 3 key gas exporters to avoid shortfalls

The Australian government has reportedly reached an agreement with the three leading east coast gas suppliers to ensure that an adequate supply of fossil energy is available to avert any possible shortage next year. Madeleine King, the f....

Chinese Yuan hits a new low against surging US dollar

The Chinese yuan has reportedly depreciated to a record low in relation to the rising US dollar. The yuan, which is traded internationally, plunged to its lowest level since data started to be made accessible in 2011. The value of the....

Denmark warns as Russia’s Nord Stream 2 pipeline leaks into Baltic Sea

The controversial Russian gas pipeline Nord Stream 2 has reportedly started leaking into the Baltic Sea, jeopardizing marine traffic, Denmark has issued a warning. It established a prohibited area within 5 nautical miles or 9 km of the p....

S. Korea inflation to stay in 5-6% range amid high food, energy prices

Consumer inflation in South Korea will reportedly remain in the 5-6% range for some time due to high food and energy prices, as well as the local currency's severe depreciation versus the US dollar, according to the nation's central....

UK’s hopes on Hydrogen-based energy can cost 70% more than gas

British ministers’ plans to put energy expectations on hydrogen can reportedly double the cost of heating a home compared to natural gas by the end of the decade, as per research. The top energy analyst Cornwall Insight claims that....

Britain’s poor may pay half of their disposable income on energy bills

Britain's poorest families are reportedly at risk of paying over half of their disposable income on electricity and gas bills this winter, despite the administration's guarantee on energy price, as per a report. Even with the ass....

US senator Manchin issues energy bill to speed up federal power projects

US senator Joe Manchin has reportedly issued an energy permitting bill to accelerate the clean energy and fossil fuel projects. The bill is anticipated to be part of a resolution that Congress must approve before October 1st to temporari....

Britain to cut energy price for businesses by half expected level

The British government has reportedly planned to introduce a limit on wholesale energy bills for companies. As per reports, wholesale energy rates for all businesses will be capped for approximately six months starting on October 1 as pa....

British MPs: Energy bills to rise if Drax gets more government support

MPs from the UK have reportedly cautioned that if the government jumps into giving power station operator Drax more state support, people may find themselves paying higher energy bills. Nuclear and renewable power generators are being en....

Swedish firms Instabox and Budbee to merge as Instabee in a $1.7B deal

Stockholm-based last-mile delivery firms Instabox and Budbee have reportedly planned to ink an 18 billion krona ($1.7 billion) merger. The two organizations, which were both launched in 2015, act as the logistics and delivery partners fo....