There were two key takeaways for the energy sector from chancellor Rishi Sunak’s cost of living measures (25 May). First the windfall tax – or ‘temporary, targeted energy profits levy’ – went further than the measures proposed by Labour. Second, power generation firms are not out of the woods yet despite any announcement on a levy on their excess profit being delayed. Ominously the ...

Soaring energy prices and fuel shortages are leading to punch ups at the pumps and spiralling bills for consumers and businesses. However, the current turmoil is not bad news for everyone. The oil and gas sector, which has been a strong performer so far in 2021, is gathering even greater momentum as we head into autumn as natural gas markets reach record levels and oil trades above $80 per ...