IEA warns of the largest‑ever oil supply shock; global deficit looms
May 13, 2026
The International Energy Agency’s May oil market report warns that the Middle East war has shut in more than 14 million
Markets
E.ON’s £600 million purchase of OVO: A seismic shift in UK retail energy
May 13, 2026
Germany’s E.ON has agreed to buy rival OVO Energy in a deal that will add about four million customers to E.ON’s
Global battery storage market surges past 100 GW as deployment enters new era
May 12, 2026
Energy storage installations jumped by 48% in 2025 to 112 GW/307 GWh and are expected to rise by 41% to 158
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
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
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
Recent News
Energy bills top public’s Budget priorities in Survation poll
October 27, 2026
A new era: How politics is re-thinking energy and waste
October 21, 2026
Perenco completes Leman South and Durango subsea decommissioning
October 20, 2026
