COVID 19 Articles

Households in Great Britain could accumulate £7bn in energy debt by year-end as price caps rise to three-year highs following winter bill increases, according to industry forecasts.

A successful Iran-linked cyber-attack shut down a small British power plant for four days last month, but government cybersecurity standards for such facilities won’t take effect until 2030.

European gas storage levels have fallen to their lowest point in 13 years as the region heads into winter, prompting concerns about price volatility and potential supply challenges.

The UK’s independent auditor warns that electricity grid upgrades must accelerate to prevent consumer bills from rising by up to £7.8bn annually by 2030 as renewable energy capacity expands.

North Sea oil and gas industry urges Labour to scrap the windfall tax three years early and approve two major fields, amid expectations of high winter energy bills.

Yemen’s Houthi rebels have seized Red Sea territory and intensified attacks on Saudi oil infrastructure, escalating regional tensions and raising concerns about global energy supply disruptions.

European offshore wind monopile manufacturers face significant overcapacity as project delays push demand timelines further out, squeezing margins despite heavy investment in new facilities.

Saudi Arabia’s East-West pipeline restart has resumed operations but at reduced capacity, while freight costs and diesel prices remain elevated, signaling continued market tightness despite increased crude supplies.

Uzbekistan signed a nuclear safety agreement with the United States while continuing its Russian-backed reactor project, suggesting potential concerns about project management and oversight.

Norway’s total liquids production rebounded by 97,000 barrels per day in August to 2.073 million barrels per day, though output remains 4% below August 2025 levels.