Skip to main content
UK energy market news ticker on a trading desk monitor

Live News

Live News

UK energy market news, updated three times daily.

Last updated: 15:49 GMT

Oil

ADNOC chief sets 2027 date for full Hormuz oil flow recovery

Full oil shipments through the Strait of Hormuz will not resume before the first or second quarter of 2027, even if the Middle East conflict ends immediately, according to Sultan Al Jaber, chief executive of Abu Dhabi's state oil company ADNOC.

Why this matters

Turn market moves into a better contract

Our procurement team monitors these stories alongside your renewal calendar so the right contract is on the table at the right time.