Hormuz shutdown cripples global shipping and fuels energy security fears
May 28, 2026
Shipping through the Strait of Hormuz has collapsed by about 88%, with daily transit of crude, fuel and LNG carriers down
World
Record spring heat exposes Europe’s vulnerability to climate extremes
May 25, 2026
A “heat dome” over western Europe drove temperatures more than 10°C above normal, smashing May records in Paris, Madrid, London, Dublin
OPEC+ to raise output quota by 188,000 bpd – but hike seen as mostly symbolic
May 21, 2026
OPEC+ leaders agreed to raise their collective output target for July by 188,000 barrels per day – the third consecutive monthly
Global gas pricing entering ‘a new era’ of market-based trading dominance – IGU
May 20, 2026
The IGU says natural gas is evolving into a globally traded commodity, increasingly governed by market fundamentals rather than long-term oil-linked
Xi and Putin criticise US defence plans but fail to seal Power of Siberia 2 pipeline
May 20, 2026
China’s President Xi Jinping and Russia’s President Vladimir Putin used their May summit to jointly criticise US missile‑defence initiatives, accusing Washington
US natural gas output and LNG exports headed for new highs
May 19, 2026
The US Energy Information Administration (EIA) projects dry gas production to rise from 107.7 bcfd in 2025 to 110.6 bcfd in 2026 and
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
Ontario advances Bruce C nuclear project, promising jobs and grid stability
May 18, 2026
The government of Ontario and Bruce Power have signed a cost‑sharing agreement worth up to C$300 million to fund pre‑development work
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
New York State pension fund challenges TotalEnergies after $928mn wind buyout
May 18, 2026
The New York State Common Retirement Fund is reviewing its stake in TotalEnergies after the company accepted nearly $1 billion from
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