Shell expands upstream strategy with $16bn acquisition of ARC Resources
April 29, 2026
Shell has agreed a $16bn deal to acquire ARC Resources, which will see the oil and gas major expanding its oil
Crude 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
Schiphol slashes airport charges to cushion airlines from fuel shock
April 23, 2026
Amsterdam’s Schiphol airport will reduce airport charges by 10% from 27 April 2026 until 31 March 2027 for daytime flights. The measure aims to offset
Fuel-driven cost surge squeezes UK service sector
April 23, 2026
Purchasing‑manager surveys show UK service providers faced the largest jump in cost inflation since data began in 1996, as the Iran
UK inflation jumps again as fuel costs bite
April 22, 2026
Consumer prices rose by 3.3% year on year in March, from 3% in February. The Office for National Statistics said this
Druzhba pipeline restarts Russian crude flows to Europe, unblocks €90bn loan for Kyiv
April 22, 2026
Oil flows resume after months‑long halt: Ukraine repaired its section of the Druzhba pipeline, allowing shipments to Hungary and Slovakia to restart.
Biofuels enjoy resurgence as oil prices soar
April 21, 2026
Since the outbreak of the Iran war, crude prices have spiked by roughly 30%, while corn – key for ethanol –
Recent News
Clean hydrogen investment passes $130 billion, but demand remains uncertain
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The North Sea: Beyond oil and gas
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