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
Markets
Consumer giant P&G warns of $1bn hit as energy costs ripple through economy
April 24, 2026
Procter & Gamble has warned higher oil prices could cost it $1bn in profits. Rising energy costs are pushing up prices
Canada approves major gas pipeline expansion to boost supply resilience
April 24, 2026
Canada has approved a $4bn expansion of Enbridge’s gas pipeline network. The project will add around 300 million cubic feet per
UK retail sales jump as motorists rush to fill up amid fuel price surge
April 24, 2026
UK retail sales rose 0.7% in March, driven largely by a surge in fuel purchases. Petrol sales jumped more than 6%,
Energy crisis marks permanent shift away from fossil fuels, according to IEA
April 24, 2026
According to IEA executive director Fatih Birol, the global energy crisis triggered by the Iran conflict has permanently undermined the notion
Schiphol slashes airport charges to cushion airlines from fuel shock
April 23, 2026
Amsterdam’s Schiphol airport will reduce airport charges by 10% from 27 April 2026 until 31 March 2027 for daytime flights. The measure aims to offset
Fuel-driven cost surge squeezes UK service sector
April 23, 2026
Purchasing‑manager surveys show UK service providers faced the largest jump in cost inflation since data began in 1996, as the Iran
UK inflation jumps again as fuel costs bite
April 22, 2026
Consumer prices rose by 3.3% year on year in March, from 3% in February. The Office for National Statistics said this
Druzhba pipeline restarts Russian crude flows to Europe, unblocks €90bn loan for Kyiv
April 22, 2026
Oil flows resume after months‑long halt: Ukraine repaired its section of the Druzhba pipeline, allowing shipments to Hungary and Slovakia to restart.
Governments worldwide roll out emergency energy relief following Iran war
April 21, 2026
In the wake of the Iran war, governments across Europe and Asia are taking drastic steps – ranging from slashing fuel
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