Blair Institute backs Rosebank and Jackdaw in warning over UK ‘energy crisis’
Tony Blair’s think tank has called for government approval of the Rosebank oil field and Jackdaw gas project, arguing Britain needs new domestic supply to ease a “systemic energy crisis” brought on by the Iran war. The Tony Blair Institute for Global Change frames approval as a short‑term measure within a broader reset focused on […]
UK electricity increasingly supplied by domestic sources
Only 46% of the energy used to supply UK electricity was imported in 2025, down from 48% in 2024 and the lowest share since 2004. Without renewables, imports would have reached 73% of the primary energy needed. Fuel‑free renewables provided 36.6% of UK electricity supply, up from 34.1% in 2024. Large wind farms reduce wholesale […]
OpenAI pauses UK data centre project amid energy and regulatory hurdles
OpenAI halts its main UK data‑centre project due to high energy costs and an unfavourable regulatory environment. Stargate UK was announced last September in partnership with Nvidia and Nscale during a US presidential visit. The project aimed to bolster sovereign compute capacity and make Britain a global AI hub. UK government says it continues to […]
US loans 30 million barrels from the Strategic Petroleum Reserve
DOE will loan up to 30 million barrels of crude from the West Hackberry SPR site, marking the third solicitation since fuel prices spiked. Part of a coordinated IEA release of 400 million barrels involving 32 countries to ease supply pressures from the Iran war. The US aims to lend 172 million barrels in total through 2026‑27, with […]
EU‑US near a critical minerals pact to counter China
The EU and US are closing in on a critical minerals deal that would coordinate the production and supply of key metals, according to Bloomberg. The deal could include minimum price guarantees favouring non‑Chinese suppliers. Cooperation would span standards, investment and joint projects and cover the entire value chain from exploration and extraction to recycling. EU […]
Middle East producers plan exports but blockade continues
Producers ask customers to nominate cargoes – Saudi Aramco, Kuwait Petroleum Corp (KPC) and Iraq’s SOMO have asked Asian refiners to submit crude loading programmes for April and May. Tehran still blocks the waterway; there is no sign of Iran lifting the blockade despite the ceasefire. Saudi output and pipeline capacity already reduced by the […]