Winners and losers as Saudis spark oil price slump
Saudi Arabia’s increased production may lead to cheaper home heating in Ireland but it is bad news for renewables and US shale producers
The cost of oil plunged on Monday after Saudi Arabia slashed its prices and signalled it would ramp up production following a row over supply with Russia.
Brent crude prices, already low due to reduced demand from the coronavirus, tumbled by almost a third to $31 a barrel on Monday as Goldman Sachs told clients it could dip into the $20s. The crash is the largest since 1991 and will have global economic as well...
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Government seeking to provide financial assistance on winter heating bills
Increases of 16 per cent in the price of electricity and 23 per cent in gas have put pressure on many families during the coldest months of the year
Microsoft calls for ‘Dublin-specific’ solutions to country’s power crisis
The US technology giant believes priority should be given to new data centres that are ‘real’ and ‘shovel-ready’
Energy regulator says no need for moratorium on data centres
The Commission for Regulation of Utilities has said new data centres will need on-site power generation and battery storage