OPEC trims 2026 oil demand growth but expects a rebound in 2027
May 13, 2026
OPEC’s latest monthly report has cut the forecast for 2026 global oil demand growth from 1.38 million barrels per day to
Crude Oil
IEA warns of the largest‑ever oil supply shock; global deficit looms
May 13, 2026
The International Energy Agency’s May oil market report warns that the Middle East war has shut in more than 14 million
Central banks hold rates but signal concern over energy-driven inflation
May 1, 2026
The European Central Bank and Bank of England have decided to hold interest rates, despite bearish economic sentiment. Both banks signal
UK economy faces slowdown as energy prices drive inflation
May 1, 2026
Rising energy costs are expected to slow UK economic growth, with inflation pressures linked to global energy markets. This highlights the
Oil surges above $120 as Middle East tensions escalate
May 1, 2026
Brent crude has briefly exceeded $120 per barrel, driven by fears of supply disruption in key transit routes. Markets are pricing
Shell expands upstream strategy with $16bn acquisition
April 29, 2026
Shell has agreed a $16bn deal to acquire ARC Resources, which will see the oil and gas major expanding its oil
BP profits surge as oil price spike boosts earnings
April 29, 2026
BP profits have more than doubled amid rising oil prices, with higher trading margins and volatility driving performance. The announcement is
UK orders refineries to maximise jet fuel production
April 29, 2026
The UK government has instructed refineries to boost jet fuel output in response to aviation fuel supply concerns. Reflects direct state
UAE exits OPEC in major shift for oil market dynamics
April 29, 2026
The UAE has announced its departure from the OPEC production framework, reflecting dissatisfaction with quota constraints. The move weakens cohesion of
Consumer giant P&G warns of $1bn hit as energy costs ripple through economy
April 24, 2026
Procter & Gamble has warned higher oil prices could cost it $1bn in profits. Rising energy costs are pushing up prices
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