Offshore Energies UK has backed renewed consent for Rosebank and Jackdaw, arguing that the projects represent £10.8bn of investment and could
Prime Minister Andy Burnham is reportedly inclined to support both Rosebank and Jackdaw North Sea developments, but no formal decision has
IEA executive director Fatih Birol has warned that global energy security will deteriorate unless flows through the Strait of Hormuz recover
Canada, Alberta and five major oil sands producers have signed a non-binding agreement targeting 6mn tonnes a year of carbon capture
OPEC has reduced its 2026 demand growth forecast by 190,000 bpd to 780,000 bpd. The IEA and US Energy Information Administration
European jet fuel inventories provide less than 30 days of demand cover, the tightest position among the major consuming regions. Britain
A Qatari LNG tanker, the Al Rekayyat, and a Saudi‑flagged crude supertanker have been hit by projectiles near the Strait of Hormuz,
Saudi Arabia is reportedly in preliminary talks with Kuwait, Bahrain and Qatar about expanding capacity of the East-West crude pipeline by
OPEC+ agreed on 5 July 2026 to raise collective output targets by 188,000 barrels per day (bpd) from August, marking the fifth consecutive
Ukraine struck the St Petersburg Oil Terminal during a major drone attack on Friday, according to Russian regional authorities. The raid
