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      Iran to begin new round of talks with UN nuclear watchdog in upcoming days

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      Türkiye's daily power consumption increases 1.2% on May 10

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      Global consortium launches study on carbon capture hubs to support Asia's decarbonization

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      Global coal demand to remain on a plateau in 2025 and 2026: IEA

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      Türkiye says power system strong amid European blackout

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      Global carbon emission storage facilities double in 5 years

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      Spot market natural gas prices for Tuesday, Nov. 5

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      Global natural gas investments to reach almost $9 trillion by 2050

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      Spot market natural gas prices for Thursday, Jan. 5

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      Turkish president announces more gas reserves found in Black Sea

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      Türkiye's natural gas imports up 17.7% in October

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      Costs double as oil and gas discoveries decline in global markets

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      Global gas production to increase by around 32% by 2050

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      Türkiye's LPG production up 16.8% in June

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      Algerian LNG vessel to arrive in Türkiye on September 1

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      US approves additional LNG exports to non-FTA countries

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      More LNG supply is expected in 2026 supporting rising gas demand: IEA

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      Oil production in Türkiye's eastern region breaks first record in 2024

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      US crude oil inventories down 1% for week ending Dec. 8

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      Türkiye, Iraq begin talks on new oil transport deal

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      Oil dives as weak US inflation data dashes hopes for interest rate cuts

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      US oil rig count down by 9 for week ending April 11

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      Oil giants' profits slide 15.1% to $182.1 billion in January-September

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      Oil prices up on expectations of supply delay from OPEC+, recession fears in US

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      Oil prices rise in week ending Aug.30 amid falling US inventories

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      Europe's wind power capacity rises by 6.8 GW in 1H25

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      Construction begins on UK's fourth largest wind farm in Scotland

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      Türkiye's renewable energy peaks in June

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      Global offshore wind capacity hits 83 GW, powering 73 million homes

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      Global solar set for record year after 64% growth in first half of 2025

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      Citicore secures $77M loan for 125-MWp solar project in Philippines

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      Türkiye's renewable energy peaks in June

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      Turkish firm to invest $520 million in high-efficiency solar equipment production

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      Türkiye's Orta Asya Investment Holding's hydropower project in Kyrgyzstan to support regional energy transformation

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      Türkiye's Yusufeli Dam supplies power to 2.5 million people annually

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      Global renewables capacity more than doubles in a decade as hydropower remains top source

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      Google and Brookfield sign $3B US hydropower deal to support clean energy goals

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      Highlights of Türkiye's energy market in 2024

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      Climate crisis to push 150M more Africans into poverty by 2050, experts warn

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      Taiwan starts drilling of 1st deep geothermal well

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      Türkiye sets new record for daily power consumption with 1.34% increase on July 9

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      China's steel demand to shrink as India, Southeast Asia drive future growth

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      Oil rises on Fed rate cut hopes, caution ahead of US-Russia summit

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      Türkiye's daily power consumption down 0.3% on August 13

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      India's oil import bill set to soar as US tariffs pressure Russian crude purchases

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      bp Q2 profit falls to $2.35B, beating forecast

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      OPEC+ agrees to extend group-wide output cuts into 2025

      OPEC+ agrees to extend group-wide output cuts into 2025

      Libya Energy & Economic Summit 2024 to kick off in Tripoli

      Libya Energy & Economic Summit 2024 to kick off in Tripoli

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      OPEC+ countries announce daily voluntary output cuts by 2.2 million barrels

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      Brazil joins OPEC+ as group confirms 3.6 million barrels per day output cut

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      Spot market electricity prices for Sunday, Dec. 3

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      ExxonMobil drills first lithium well in Arkansas in aim to become major player in EV sector

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      Spot market electricity prices for Thursday, June 8

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      High rollout of electric vehicles could earn UK drivers £6.5B more by 2035

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      Spot market natural gas prices for Friday, Dec. 1

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      Turkey's daily power consumption down 0.77% on Oct. 23

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      Russian Lukoil starts Chashkino gas-turbine power plant

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      Gazprom posts 26% loss in 1H20

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      Global offshore wind capacity hits 83 GW, powering 73 million homes

      Global offshore wind capacity hits 83 GW, powering 73 million homes

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      Global energy transition requires $21.4T investment in power grids by 2050

      Global renewable energy capacity surges 377% over past decade

      Global renewable energy capacity surges 377% over past decade

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      Chinese JTPV, Turkish Schmid Pekintas to build 5 GW solar cell factory in Türkiye

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      Türkiye's LPG production up 12.4% in March

      Türkiye's LPG production up 12.4% in March

      Türkiye's LPG production down 4.3% in December 2024

      Türkiye's LPG production down 4.3% in December 2024

      Türkiye's LPG production down 25% in April 2024

      Türkiye's LPG production down 25% in April 2024

      Türkiye's LPG production up 15% in December 2023

      Türkiye's LPG production up 15% in December 2023

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      EU gas imports to fall 25% by 2030 as bloc exceeds demand reduction targets

      EU gas imports to fall 25% by 2030 as bloc exceeds demand reduction targets

      Former Lithuanian FM warns Russia's shadow fleet threatens EU security

      Former Lithuanian FM warns Russia's shadow fleet threatens EU security

      Turkmen natural gas set to reach Türkiye on March 1

      Turkmen natural gas set to reach Türkiye on March 1

      Turkmen gas agreement boosts Türkiye's role in regional energy trade: Experts

      Turkmen gas agreement boosts Türkiye's role in regional energy trade: Experts

    • International Relations
      Recognition of Palestine could unlock Gaza Marine gas resources: experts

      Recognition of Palestine could unlock Gaza Marine gas resources: experts

      ExxonMobil signs MoU with Libya’s NOC after decade-long hiatus

      ExxonMobil signs MoU with Libya’s NOC after decade-long hiatus

      Libya hosts investor meeting in Istanbul for major oil, gas bid round

      Libya hosts investor meeting in Istanbul for major oil, gas bid round

      Albania, Italy, UAE sign deal on green energy cooperation

      Albania, Italy, UAE sign deal on green energy cooperation

    • International Organization
      Trump's victory shifts focus to US climate, trade policies

      Trump's victory shifts focus to US climate, trade policies

      IMF estimates inflation to gradually decline to target, though emerging market economies to remain in ‘double-digit territory’

      IMF estimates inflation to gradually decline to target, though emerging market economies to remain in ‘double-digit territory’

      US energy agency revises down Brent price forecast for 2024

      US energy agency revises down Brent price forecast for 2024

      Global oil demand growth to fall by half in 2024: Int. Energy Agency

      Global oil demand growth to fall by half in 2024: Int. Energy Agency

    • Energy Projects
      Recognition of Palestine could unlock Gaza Marine gas resources: experts

      Recognition of Palestine could unlock Gaza Marine gas resources: experts

      Turkish firm ALP24 expanding energy and mining projects across Africa

      Turkish firm ALP24 expanding energy and mining projects across Africa

      ExxonMobil signs MoU with Libya’s NOC after decade-long hiatus

      ExxonMobil signs MoU with Libya’s NOC after decade-long hiatus

      US energy agency slightly revises up Brent price forecast for 2025

      US energy agency slightly revises up Brent price forecast for 2025

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London briefing, June 8

home > Reports 08.06.2020 14:14

-Protests, lockdown and future of UK economy

Tens of thousands of people took part in Black Lives Matter protests across the UK on Sunday -- the third protest in the capital this week. In London, protesters gathered outside the US embassy in Battersea, some taking to one knee. The demonstrators then made their way across the British capital to the prime minister’s residence at 10 Downing Street where violence erupted.

In Bristol, protesters tore down the statue of 17th-century slave trader Edward Colston and dumped it into the River Avon. The bronze memorial statue has been in Bristol’s city center since 1895 and was previously subject to a petition for its removal signed by 11,000 people. The clear message to lawmakers in the UK from the protesters is that they want their rights to be recognized and their voices heard so “the new normal” will include those of Black people. 

Nevertheless, the escalation of violence could add to risks to the faltering economy, which is under pressure due to lockdown measures.

On the coronavirus front, the UK still ranks first in Europe and the world with the highest number of deaths. British health authorities announced Saturday that a further 204 people died from COVID-19 across the UK while local media reported the government is considering relaxing Sunday trading rules to help the economy through the crisis. The Department of Health tweeted that a total of 284,868 people have tested positive for the virus so far and that the nationwide death toll has climbed to 40,465.

The government is working on refueling the faltering economy. The Times reported on Saturday that the government was considering suspending Sunday trading laws for a year to boost the economy. The proposed move was supported by business leaders but opposed by trade unions. The 1994 Sunday Trading Act prohibits large shops to open for more than six hours in a row between 10 a.m. and 6 p.m. local time (0900-1700GMT).

Adam Marshall, the director-general of the British Chambers of Commerce, said: “If there are rules that can be relaxed to give more companies a fighting chance to trade their way through this crisis without compromising safety, ministers should do everything in their power to make it happen.”

From June 8, the U.K. is enforcing a 14-day quarantine period for incoming travelers despite strong opposition from several industry sectors.

British Airways, Ryanair and EasyJet all complained to the British government in protest at the measures they say are "disproportionate and unfair on British citizens as well as international visitors arriving in the UK".

Last Friday Willie Walsh, chief executive of International Airlines Group (IAG) and owner of British Airlines said: “We are giving consideration to a legal challenge to this legislation.”

So, in the upcoming days, a legal battle might ensue with this decision overturned.


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