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
Crude Oil
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 –
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
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
Recent News
Energy bills top public’s Budget priorities in Survation poll
October 27, 2026
A new era: How politics is re-thinking energy and waste
October 21, 2026
Perenco completes Leman South and Durango subsea decommissioning
October 20, 2026
