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
Fossil Fuels
Bank of England warns energy‑driven inflation risks could persist
April 15, 2026
Bank of England Monetary Policy Committee member Megan Greene said that while it may take months to assess the economic damage
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
IEA: Iran war has triggered largest oil supply disruption in history
April 15, 2026
The International Energy Agency (IEA) said the Iran war has created the biggest oil‑supply shock on record, with 10.1 million barrels per
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,
World steel demand forecast slashed amid Middle East turmoil
April 14, 2026
The World Steel Association (worldsteel) lowered its forecast for global steel demand growth in 2026 from 1.3% to just 0.3%, citing
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
UK prepares targeted energy‑cost support as bills rise
April 13, 2026
British finance minister Rachel Reeves announced she will set out her approach this week to help businesses grappling with high energy
Europe rolls out relief and rethinks its energy strategy
April 13, 2026
In response to soaring fuel costs, Germany’s ruling coalition unveiled a €1.6 billion relief package that cuts energy taxes on petrol and
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