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UK Government to Slash Industrial Energy Costs

OilPrice

The government plans to slash industrial energy prices for British manufacturers, enabling them to better compete with key European rivals. Proposals to make energy prices more competitive have been central to final discussions between the Department for Business and Trade and the Treasury Industries such as steel, ceramics and chemicals…

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Germany’s new government can’t just walk away from climate protection

Energy Transition

The incoming new government has to adhere to this law. Since 2019, Germany’s Climate Protection Act has had aimed to reduce Germany’s carbon emissions to zero by 2045. Will it though? Credits: MDV Edwards, All rights reserved.

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UK Government Promises to Cut Industrial Energy Bills

OilPrice

The Starmer government has promised it would reduce industrial users’ electricity bills by up to 25% from 2027 as part of its energy strategy, due to be released this week. The mechanism obliges electricity distributors to source part of their electricity from wind and solar installations, per government plans to reduce the country’s…

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UK Raises Ceiling on Wind Power Strike Prices Ahead of Major Auction

OilPrice

The UK government has raised the maximum prices it is willing to guarantee developers of wind power projects in a bid to reinvigorate investment in renewable energy and keep its ambitious decarbonization targets on track.

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Iraq’s Economy on Edge Due to High Oil Income Dependence

OilPrice

Iraq is on the brink of an economic breakdown as OPEC’s second-largest producer continues to rely mostly on oil exports for federal government revenues, analysts warned on Monday after official data showed that oil represents a whopping 91% of all federal budget revenues.

Oil
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Cyprus Confirms 350-Meter Gas Column in ExxonMobil’s Pegasus-1 Well

OilPrice

The government of Cyprus has confirmed a new natural gas discovery in the Pegasus-1 well located in Block 10, operated by ExxonMobil and its partner QatarEnergy. kilometers, according to government spokesperson Konstantinos Letymbiotis. The well intersected approximately 350 meters of gas-bearing reservoir at a depth of 1.9

Gas
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World Energy Report Exposes Looming Resource Crises

OilPrice

These trends help explain the strange behaviors that we have been seeing from governments recently. The Energy Institute recently published its updated energy report, the 2025 Statistical Review of World Energy, showing data through the year 2024. In this post, I identify trends in the new data that I consider worrying.