Markets

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

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