All news on the topic: Energy Prices

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UK inflation hits four-month high of 2.9% as energy bills surge
Higher energy bills drove UK inflation up to 2.9% in the year to July, the highest level in four months, according to new figures.
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UK inflation set to jump to 2.9% as energy bills fuel fresh cost of living squeeze
Latest reading on Wednesday likely to frame scale of challenge for new PM to ease pressures on households amid Iran war fallout
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Oil giants pocketed $93bn in three months as Iran conflict and heatwaves drove energy prices higher
Eight of the biggest oil companies amassed profits of more than $90bn (£67bn) in just three months as the Iran conflict sent energy prices soaring and the emissions-fuelled climate crisis caused deadly heatwaves.
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EY warns prolonged Strait of Hormuz closure could push UK into recession in 2027
Britain’s economy could be sent into a recession next year if the crucial Strait of Hormuz remains closed into 2027 amid a prolonged Iran war, according to a report.
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Andy Burnham announces £850m energy bill tax cut in first major move as Prime Minister
Andy Burnham has announced an £850 million tax cut on energy bills to help ease the cost-of-living crisis in his first significant policy as Prime Minister.
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Europe faces the risk of starting winter with gas reserves at their lowest level in 15 years
Europe is set to enter the heating season with the lowest gas storage levels in at least 15 years, threatening higher prices for businesses and households this winter.
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UK energy debt hits record £4.79bn as bills surge and crisis deepens
Debt to energy suppliers has reached a new record high of £4.79 billion – a 5% increase on the last quarter, Ofgem has said.
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Marco Rubio says Iran talks show "slight progress" as diplomatic efforts continue amid crisis
The US President also described Donald Trump Junior as a "very good person I’ve known for a long time" ahead of the celebration this weekend.
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Europe faces higher borrowing costs as oil crisis deepens, ECB warns
The war in the Middle East is keeping energy prices higher for longer than expected, European Central Bank Governing Council member Mārtiņš Kazāks said, signaling that interest-rate hikes are likely.
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Trump lands in Beijing with America’s billionaire CEOs for high-stakes Xi summit
Donald Trump has arrived in Beijing for a summit with Xi Jinping – and is bringing tech CEOs, including Elon Musk, along for the ride.
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BP profits surge to $3.2bn as volatile oil prices deliver trader windfall
Volatile energy prices have handed a windfall to BP in an early boost to efforts by its new boss to restore confidence in the oil major.