EU warns of prolonged energy shock if Iran war continues
April 15, 2026
Two scenarios: In a closed‑door briefing for ambassadors, the European Commission outlined two possible outcomes for the Iran conflict. If the
Crude Oil
EU reassures airlines on jet fuel supply but keeps close watch
April 14, 2026
No immediate shortage: the European Commission said there is no evidence of a jet fuel shortage in the EU at present,
BP’s trading windfall shows how volatility benefits oil majors
April 14, 2026
BP told investors that its Q1 trading and refining performance will be “exceptional” thanks to the extreme oil price swings caused
Oil shock: Hormuz blockade exposes fragility of energy security
April 13, 2026
The US has announced a naval blockade of Iranian ports, a move that could remove up to two million barrels per day
Blair Institute backs Rosebank and Jackdaw in warning over UK ‘energy crisis’
April 10, 2026
Tony Blair’s think tank has called for government approval of the Rosebank oil field and Jackdaw gas project, arguing Britain needs
US loans 30 million barrels from the Strategic Petroleum Reserve
April 10, 2026
DOE will loan up to 30 million barrels of crude from the West Hackberry SPR site, marking the third solicitation since fuel
Middle East producers plan exports but blockade continues
April 10, 2026
Producers ask customers to nominate cargoes – Saudi Aramco, Kuwait Petroleum Corp (KPC) and Iraq’s SOMO have asked Asian refiners to
Goldman Sachs trims oil price forecasts but cautions supply risks remain
April 9, 2026
Goldman Sachs lowered its Q2 2026 Brent and WTI forecasts to $90 and $87 per barrel respectively, from $99/$91. The bank notes that
UK to insist Hormuz remains toll‑free and call for Lebanon’s inclusion in ceasefire
April 9, 2026
In a major speech, foreign secretary Yvette Cooper will argue that no tolls should be levied on ships transiting the Strait
Crumbling ceasefire drives oil back toward $100 and shakes markets
April 9, 2026
A fragile two‑week ceasefire in the Iran war is already showing cracks, pushing Brent back toward $100 and knocking European and
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