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
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
US cancels offshore wind leases in major policy reversal
April 28, 2026
The US government has cancelled two offshore wind lease areas, with developers to receive refunds – but only if funds are
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
Rooftop solar boom signals structural shift in Europe
April 23, 2026
Household demand for rooftop solar systems across Europe has more than doubled since the Iran war began. Wholesalers like Solarhandel24 report
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
Record wind installations highlight Asia’s dominance and Europe’s challenge
April 20, 2026
The global wind industry installed 165 GW of new capacity in 2025, a 40% increase over the previous year. Total cumulative capacity
Hormuz disruption sends oil prices soaring, exposes energy security risks
April 20, 2026
Following the US seizure of an Iranian cargo ship, the Strait of Hormuz saw only three tankers cross in 12 hours, leaving
India withdraws bid to host COP33 climate summit
April 17, 2026
India’s foreign ministry confirmed it has withdrawn its offer to host the United Nations COP33 summit in 2028. Reuters reported earlier
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