The U.K.’s energy regulator said it may impose stricter capital requirements for gas and power suppliers after almost two dozen companies collapsed since August in the wake of soaring prices.
Oil headed for the biggest monthly loss since the early days of the coronavirus pandemic as investors weighed risks posed by the new omicron variant, with a top drugmaker saying the world may now need new vaccines.
Oil rebounded from one of its biggest ever daily drops as traders assessed the risks to global demand from the Omicron variant of Covid-19 and the potential response by OPEC and its allies.
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