-
As of October 17, 2024, oil prices are experiencing volatility due to escalating tensions between Israel and Iran. Brent crude has fallen below $74 a barrel, influenced by fears of supply disruptions and weak demand, particularly from China. Analysts predict potential price spikes if conflict escalates further.
-
On October 4, 2024, Prime Minister Keir Starmer unveiled plans for two carbon capture clusters in Merseyside and Teesside, committing nearly £22 billion over 25 years. This initiative aims to create 4,000 jobs, attract £8 billion in private investment, and support the UK's climate goals by capturing and storing carbon emissions from industrial processes.
-
Labour's government is ramping up efforts to attract private investment in infrastructure and green energy, with significant commitments from major firms ahead of an international investment summit. Prime Minister Keir Starmer aims to showcase the UK as a prime destination for investment, focusing on clean energy and regional development.