Four UK energy suppliers collapse; BP sees high winter gas prices – as it happened

Rolling coverage of the latest economic and financial news

• Latest: Four small energy suppliers collapse
• Omni Energy, MA Energy, Zebra Power and Ampoweruk cease trading
• BP: gas prices to remain high over winter
• Gazprom doesn't book more gas capacity to Europe in 2022
• Maersk: Global supply chain crisis continues...Yahoo to pull out of China
• Pfizer: Revenues and earnings more than double thanks to vaccine
• BP profits boosted by rising oil and gas prices

Back on BP... the energy giant has stated that global oil demand has bounced back above the key level of 100 million barrels a day which was last seen before the Covid-19 pandemic.

BP chief financial officer Murray Auchincloss told a conference call this morning that Somewhere next year we will above pre-Covid levels.", adding:

OPEC+ is doing a good job managing the balance, so we remain constructive on oil prices."

We expect gas markets will remain tight during the period of peak winter demand.