International Energy Agency warns oil inventories are depleting fast
May 19, 2026
IEA executive director Fatih Birol says commercial oil inventories are “depleting quickly” due to the supply shock from the Iran war.
Markets
Oil prices fall as US pauses Iran attack, but markets remain tight
May 19, 2026
Brent crude dropped by about 1.45% to $110.48 a barrel after US President Trump said he had postponed a planned strike
UK energy price cap projected to rise by 13% from July
May 19, 2026
Analysts at Cornwall Insight expect Ofgem’s domestic price cap to rise from £1,641 today to about £1,850 in July, adding around
Chinese solar price pressures could slow Europe’s rooftop boom
May 18, 2026
France, Italy, Poland and Romania imported record volumes of Chinese solar modules in March 2026 ahead of tax changes that will
Oil markets rally on combative rhetoric as Hormuz remains tense
May 15, 2026
Brent crude futures climbed by 2.4% to $108.22 per barrel after US President Donald Trump said he was running out of
Caturus advances Louisiana LNG megaproject with offtake deals
May 15, 2026
US developer Caturus has finalised long‑term sale and purchase agreements for offtake from the planned Commonwealth LNG export terminal. With commercialisation completed,
BP weighs sale of Egyptian gas assets as new CEO retools portfolio
May 15, 2026
BP is considering selling some natural gas assets in Egypt as part of CEO Meg O’Neill’s overhaul to cut debt and focus
UAE fast‑tracks pipeline to bypass Hormuz and double exports
May 15, 2026
Abu Dhabi’s crown prince ordered state company ADNOC to accelerate construction of a West-East pipeline, doubling the UAE’s oil export capacity
EU considers carbon pricing for international flights
May 13, 2026
The European Commission is reviewing whether to expand its Emissions Trading System to cover flights departing the EU. Currently, only flights
OPEC trims 2026 oil demand growth but expects a rebound in 2027
May 13, 2026
OPEC’s latest monthly report has cut the forecast for 2026 global oil demand growth from 1.38 million barrels per day to
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