Hormuz disruption sends oil prices soaring, exposes energy security risks
April 20, 2026
Following the US seizure of an Iranian cargo ship, the Strait of Hormuz saw only three tankers cross in 12 hours, leaving
Crude Oil
Middle East output recovery could take two years, warns IEA
April 17, 2026
IEA chief Fatih Birol told Zurich’s Neue Zuercher Zeitung that restoring Middle East oil and gas production to pre‑war levels would
Spirit Energy to cut 100 jobs in Aberdeen amid UK restructure
April 16, 2026
Up to 100 jobs at risk: Spirit Energy plans to cut around 100 roles in Aberdeen, reducing its workforce from roughly
Europe on brink of jet fuel shortages says IEA
April 16, 2026
Only six weeks of jet fuel left: The International Energy Agency (IEA) estimates Europe has roughly six weeks of jet fuel
Russia courts Asia and reasserts influence in the Americas
April 15, 2026
Russian Foreign Minister Sergei Lavrov said Moscow is ready to increase energy supplies to China ahead of President Vladimir Putin’s visit, noting
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
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
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September 11, 2026
The North Sea: Beyond oil and gas
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