The party proposes nationalizing the country’s major energy providers The UK’s Green Party has proposed permanently nationalizing the country’s five major energy companies to ease the current cost of living crisis, The Guardian reported on Wednesday, citing party leaders. “By … Continued
Natural gas reserves will last less than three months if Russia cuts off supply, the regulator said Germany’s energy regulator has warned that the nation will struggle to have enough natural gas to get through the coming winter, even if … Continued
Food and energy led the 10.1% price spike The UK’s consumer price inflation surged to a new high of 10.1% per annum in July, up from 9.4% in June, according to new estimates from the Office for National Statistics (ONS). … Continued
Crude purchases restarted in July after falling to zero in the previous month Japan resumed its purchases of Russian oil in July, according to information released on Wednesday by the country’s Finance Ministry. In the previous month, imports fell to … Continued
Bailed-out Uniper blames shrinking gas flows from Russia for its disastrous financial performance German electric utility Uniper suffered a €12.3 billion ($12.5 billion) net loss in the first half of 2022 due to a sharp decline in natural gas supplies … Continued