UK Prime Minister Rishi Sunak has announced that the government will issue hundreds of new North Sea oil and gas licences to boost British energy independence and grow the economy.
The Government had already committed to deploy CCUS, or carbon capture usage and storage clusters, in two industrial clusters by the mid-2020s - the HyNet cluster in North West England and North Wales, and the East Coast Cluster in the Teesside and Humber - and another two clusters by 2030.
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Political News
April 17, 2026 15:29 ET The ongoing conflict in the Middle East continues to raise concerns for policymakers who worry about the impact of the supply shock and high energy prices on the real economy. Producer price data and various survey results on the housing market were the main news from the U.S. this week. In Europe, industrial production data for the euro area gained attention. GDP figures out of China and the policy move by the Singapore central bank were in focus in Asia.