Central banks hold rates but signal concern over energy-driven inflation
May 1, 2026
The European Central Bank and Bank of England have decided to hold interest rates, despite bearish economic sentiment. Both banks signal
Fossil Fuels
UK economy faces slowdown as energy prices drive inflation
May 1, 2026
Rising energy costs are expected to slow UK economic growth, with inflation pressures linked to global energy markets. This highlights the
Oil surges above $120 as Middle East tensions escalate
May 1, 2026
Brent crude has briefly exceeded $120 per barrel, driven by fears of supply disruption in key transit routes. Markets are pricing
Bank of England warns energy-driven inflation surge is ‘unavoidable’
May 1, 2026
The Bank of England has held rates at 3.75%, with policymakers warning the ongoing energy shock will push inflation higher. Middle
Shell expands upstream strategy with $16bn acquisition of ARC Resources
April 29, 2026
Shell has agreed a $16bn deal to acquire ARC Resources, which will see the oil and gas major expanding its oil
BP profits surge as oil price spike boosts earnings
April 29, 2026
BP profits have more than doubled amid rising oil prices, with higher trading margins and volatility driving performance. The announcement is
UK economy faces £35bn hit from energy shock
April 29, 2026
Economists have warned of a £35bn GDP impact from the Middle East crisis, driven by higher energy prices and trade disruption.
UK orders refineries to maximise jet fuel production
April 29, 2026
The UK government has instructed refineries to boost jet fuel output in response to aviation fuel supply concerns. Reflects direct state
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
World Bank warns of 24% surge in global energy prices
April 29, 2026
The World Bank has forecast a 24% rise in global energy prices in 2026, with the possibility that oil could reach
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