US-Iran flare-up reignites Hormuz shipping crisis, raises risk premium
July 9, 2026
A Qatari LNG tanker, the Al Rekayyat, and a Saudi‑flagged crude supertanker have been hit by projectiles near the Strait of Hormuz,
Fossil Fuels
Saudi Arabia considers Red Sea pipeline expansion amid Hormuz disruption
July 8, 2026
Saudi Arabia is reportedly in preliminary talks with Kuwait, Bahrain and Qatar about expanding capacity of the East-West crude pipeline by
Shell reports stronger gas trading as Middle East disruption cuts Q2 output
July 7, 2026
Shell has raised its Q2 production guidance for integrated gas, LNG and upstream, while forecasting significantly stronger gas trading earnings than
OPEC+ raises output as Saudi Arabia slashes prices
July 6, 2026
OPEC+ agreed on 5 July 2026 to raise collective output targets by 188,000 barrels per day (bpd) from August, marking the fifth consecutive
Ukraine hits St Petersburg oil terminal as drone campaign targets Russia’s export network
July 6, 2026
Ukraine struck the St Petersburg Oil Terminal during a major drone attack on Friday, according to Russian regional authorities. The raid
Oil prices slump as banks lower forecasts and Hormuz flows recover
July 3, 2026
UBS, Morgan Stanley and other banks have slashed oil price forecasts, citing faster‑than‑expected resumption of Gulf exports. UBS cut its third
The global energy landscape is diverging – Energy Institute
July 3, 2026
The Energy Institute’s Statistical Review of World Energy reveals that China produced 73% more total energy and 222% more electricity than
Genel Energy’s $360 million takeover of Capricorn signals MENA push
July 2, 2026
Genel Energy will acquire Capricorn Energy for $360 million, paying $4.74 per share comprising $3.75 in cash and a $0.99 special
National Grid Ventures makes $1.75 billion bet on data centre power
July 2, 2026
National Grid Ventures will invest $1.75 billion for a 35% stake in Joulent, a US energy platform building 2.67 GW of
US heatwave forces emergency grid measures
July 2, 2026
A historic heatwave across the eastern US pushed the PJM Interconnection to forecast record peak demand of up to 166.3 GW,
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