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
Fossil Fuels
Europe’s EV surge cuts oil demand and signals a turning point
April 20, 2026
Battery‑electric vehicle (BEV) registrations in 15 major European markets grew by 29.4% year on year to nearly 560,000 units in the
Miliband doubles down on net zero amid fossil fuel crisis
April 20, 2026
UK energy secretary Ed Miliband will frame the energy transition as a security imperative, arguing that reliance on fossil fuels leaves Britain
IATA cautions Europe may cancel flights due to jet fuel scarcity
April 17, 2026
International Air Transport Association (IATA) chief Willie Walsh said flights in Europe could be cancelled from the end of May because
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
India withdraws bid to host COP33 climate summit
April 17, 2026
India’s foreign ministry confirmed it has withdrawn its offer to host the United Nations COP33 summit in 2028. Reuters reported earlier
Lord Moynihan warns UK faces self-inflicted crisis as gas debate hardens
April 17, 2026
A senior Conservative voice has used one of the UK gas sector’s flagship events to argue that current energy policy risks
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
UK to scrap carbon price support on power generation from 2028
April 16, 2026
Britain’s Carbon Price Support – currently set at £18 per tonne of CO2 – has been frozen until April 2028 and
EU drafts plan to cut electricity taxes and revamp grid charges
April 16, 2026
A draft European Commission proposal would tax electricity at rates below fossil fuels and allow governments to cut electricity taxes for
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