Global gas pricing entering ‘a new era’ of market-based trading dominance – IGU
The IGU says natural gas is evolving into a globally traded commodity, increasingly governed by market fundamentals rather than long-term oil-linked contracts. Gas-on-gas competition now determines almost half of global natural gas consumption, underscoring a two-decade shift away from oil-linked contracts and regulated pricing mechanisms. Global wholesale gas prices fell sharply in 2024, averaging $4.88/MMBtu […]
UK temporarily eases sanctions on Russian‑derived fuels amid supply crunch
Britain will continue to allow imports of diesel and jet fuel refined from Russian crude in third countries, postponing a ban announced in October 2025. Prime Minister Keir Starmer insists the measure is a phased approach, not a lifting of sanctions, and forms part of a broader package increasing pressure on Moscow. Critics, including Conservative and […]
Xi and Putin criticise US defence plans but fail to seal Power of Siberia 2 pipeline
China’s President Xi Jinping and Russia’s President Vladimir Putin used their May summit to jointly criticise US missile‑defence initiatives, accusing Washington of threatening global security. The leaders did not reach agreement on the Power of Siberia 2 gas pipeline, a proposed 50 billion cubic metre pipeline from Russia’s Arctic to China via Mongolia. Disputes over […]
EU approves €1.3 billion state aid to scale Germany’s green hydrogen
The European Commission has approved €1.3 billion in German state aid to support construction of up to 1 GW of electrolyser capacity. The programme will produce up to 10 million tonnes of green hydrogen over its lifetime… You must be a Premium Subscriber to read this. You must be a Premium Subscriber to view this content. You […]
Europe’s EV boom: Sales jump 34% but growth uneven across markets
Battery‑electric vehicle (BEV) registrations in 15 European markets rose 34.1% in April 2026 to 201,541 units. Italy saw the strongest growth (+97.2%), while Norway maintained a 98.6 % market share and Denmark 81.9%. BEV uptake is saving nearly three million barrels of oil a month, according to the analysis. Electric vehicles are continuing to gain […]
Global carbon pricing revenues reach record $107 billion as new markets proliferate
Carbon pricing schemes generated a record $107 billion in revenue in 2025, up 2% from 2024, with new ETS and carbon taxes launched in Asia reflecting growing global uptake. Average carbon prices have more than doubled since 2016, reaching $21 per tonne of CO₂ equivalent. The growth highlights how carbon markets are maturing, but most prices […]