A naturally occurring fossil gas mixture, mainly methane.
Britain faces renewed calls to intervene in gas and electricity markets as a veteran critic urges faster North Sea drilling. Papers argue that without intervention, gas prices and wholesale energy costs could spike again, even as climate goals remain unchanged. Officials emphasise net-zero continuity, while industry voices warn of price shocks and dependence on volatile markets.
The US‑Israel war on Iran has pushed energy, fertilizer and transport costs higher and forced global agencies to cut growth forecasts. The OECD and other groups have reduced 2026 growth projections, UNICEF has reported soaring freight bills and delivery delays, and US consumer sentiment has ticked up slightly as gas prices ease (15 June 2026).
The government has set an 87% emissions reduction target for 2038-42, aligning with the Climate Change Committee. It will promote heat pumps, electric cars and green energy while offering grants to households; delivery details will follow parliamentary approval. Critics warn of costs and impact on rural sectors.
Markets are stabilising after a stretch of high activity in tech options, with traders shifting focus as implied volatility cools. Small caps are leading potential next moves, while global equities reflect a policy-led, carry-friendly regime.
The government has released June employment data showing payrolls rising by 57,000, far below forecasts, while the unemployment rate edges down to 4.2%. The labor force participation rate has fallen, highlighting a shift in the job market as fewer people are seeking work. Revisions to May and April data point to a softer hiring pace than previously thought.
Andy Burnham is weighing Ed Miliband for the role of chancellor as Labour faces internal and market scrutiny over plans for the economy and the North Sea. The Guardian and The Times report simmering tensions about energy policy and fiscal strategy as Burnham prepares to take office.
The National Energy System Operator has issued a margin notice for Thursday evening due to extreme European temperatures, marking the third such notice this year. The move signals a higher cushion between demand and supply, as heat drives up electricity use and strains generation.
Sheikh Hamad bin Khalifa Al Thani has died at 74, Qatar's Amiri Diwan has announced. He has been credited with transforming Qatar into an energy and diplomatic power by expanding LNG production, founding Al Jazeera, building sovereign investment vehicles and stepping down voluntarily in 2013 to hand power to his son.
China has expanded 4.3% year on year in Q2, the slowest pace in over three years. Exports have helped but domestic consumption remains sluggish, with a trade surplus widening as global demand for AI-driven goods supports shipments. Analysts caution that sustained growth depends on domestic demand improving.
The BBC, The Scotsman and Independent report mounting energy costs amid price volatility. The government has announced VAT reductions on electricity, while CMA recommendations push regulators toward heating-oil protections and a broader shift to heat pumps and solar to shield households from price spikes.
A UK-backed package aims to cut electricity VAT and redesign gas charges to lower bills and boost heat pumps. Nesta-backed proposals would shift some levies to general taxation, potentially cutting bills by about £130 annually; government policy remains uncertain as of today.
A record summer of heat, drought and wildfires has prompted an emergency Cobra meeting and voluntary retailer suspensions of disposable-barbecue sales. Green groups have written to Prime Minister Andy Burnham urging him to call the crisis 'climate change' and stop new North Sea drilling; Reform UK deputy leader Richard Tice has questioned net zero and urged adaptation and celebration of warmer weather.
RWE has relinquished its offshore wind leases in the US after a settlement with the Trump administration. The company will reinvest about $1.2 billion into a Louisiana LNG terminal and 15 natural gas peaker plants, while winding down projects on New York, California and Louisiana coasts. The move follows a pattern of government buybacks of offshore wind leases.
Israeli warplanes have struck southern Lebanon overnight, killing at least seven people in Ansar and at least four in Deir al‑Zahrani, Lebanon's health ministry and state news agency have reported. The Israeli military has said it targeted Hezbollah infrastructure in response to actions against its soldiers; Hezbollah has warned of retaliation.
Amazon has confirmed plans for an on-site natural gas power plant to power a Pecos County data center campus. The plant would emit up to 33 million tons of CO2 annually and is positioned as a path to faster deployment and potential future grid connections, though critics warn it could become the largest climate pollution source in the U.S.