UK energy market news, updated three times daily. .
70 stories, page 1 of 3
Oil
Brent crude dropped $1.49, or 1.28%, to $115.23 a barrel on Monday, and WTI fell $1.76, or 1.7%, to $101.51, as hopes grew that Qatari mediation could ease US-Iran tensions after last week's six-month highs.
Oil
Russia will load its first diesel tanker bound for the United States on Thursday, a 40,000-tonne cargo that Deputy Prime Minister Alexander Novak says is the opening shipment under a deal struck between Vladimir Putin and Donald Trump.
Oil
Brent crude futures rose $3.06, or 2.81%, to $111.88 a barrel on Thursday, the highest level since 18 May, after renewed Houthi attacks on Saudi Arabia raised fears of wider disruption to Middle East crude supply.
Oil
Brent crude dropped $1.34, or 1.22%, to $108.52 a barrel on Monday as traders booked profits after Friday's highest settlement since 19 May, even as attacks on tankers in the Strait of Hormuz kept a floor under prices.
Oil
Brent crude closed at $109.86 a barrel on Friday, up $3.94 or 3.7% on the day, the highest level since 19 May.
Oil
The International Energy Agency (IEA) said on Thursday it will expedite the release of more than 20 million barrels of diesel, along with any remaining volumes from March's emergency stock release, in an attempt to cool product prices.
Oil
Brent crude fell $1.18, or 1.1%, to $105.47 a barrel on Tuesday, its first drop in almost a week, as the prospect of fresh Russian diesel supply offset ongoing concerns over Gulf infrastructure.
Oil
France will release 10 million barrels of diesel from its strategic reserves following a coordinated G7 agreement to mobilise fuel stocks amid supply pressure linked to the conflicts in Iran and Ukraine.
Oil
The International Energy Agency's (IEA) governing board meets on 14-15 October 2025 to decide how a pledged 100 million barrel release of diesel and crude oil from G7 emergency reserves will actually be split between products and countries.
Oil
Brent crude fell 43 cents to $101.82 a barrel on Monday after the G7 agreed to release 100 million barrels of crude and diesel from emergency reserves and Middle East crude exports climbed above prewar levels.
Oil
The average price of a litre of diesel in the UK reached £2 on Friday, breaking the previous record of 199.09 pence set in June 2022.
Oil
OPEC+ is expected to leave November production targets unchanged when seven key members meet online on Sunday, according to Reuters, with no final decision yet confirmed.
Oil
Brent crude traded at $100.58 a barrel, up $1.33 on the day, even as European diesel refining margins spiked to a record premium of roughly $95 a barrel over Brent.
Oil
Brent crude fell 78 cents to $98.47 a barrel on Wednesday, its sixth straight session of declines, as Saudi Arabia restarted a key export pipeline and traders priced in progress on US-Iran talks.
Oil
Brent crude jumped $3.43, or 3.3%, to $108.04 a barrel on Monday after a drone attack forced Saudi Arabia to shut its East-West pipeline and a vessel was hit in the Strait of Hormuz.
Oil
Saudi Arabia could exhaust its Red Sea export stocks within five to seven days unless its east-west pipeline restarts, putting roughly 4% of global oil supply at risk.
Oil
Brent crude slipped 0.7% to $100.50 a barrel on Thursday but stayed above the $100 mark as traders priced in fresh supply risk after the largest exchange of tanker attacks between Iran and the United States since their conflict began six months ago.
Oil
OPEC+ agreed on Sunday to keep its oil production policy unchanged for October, leaving the group's next material decision, on 2027 output baselines, until later in 2026.
Oil
Brent crude climbed 1.7% to $97.29 a barrel by 1200 GMT on Thursday as fresh US strikes on Iran and Israeli threats against Tehran fuelled fears of a Strait of Hormuz supply disruption.
Oil
President Trump said on Monday that a Venezuelan exit from OPEC (Organization of the Petroleum Exporting Countries) is entirely Caracas's call, days after reports emerged that the country was weighing withdrawal following the United Arab Emirates' own departure from the group.
Oil
Brent crude is on course for a weekly gain of around 3.4% after the US signalled its naval blockade of Iran could remain in place indefinitely, deepening concerns over Middle East supply.
Oil
Brent crude eased 11 cents, or 0.12%, to $88.87 a barrel on Thursday as a surprise 17.4-million-barrel jump in US inventories overshadowed lingering supply risk around the Strait of Hormuz.
Oil
Brent crude rose 75 cents, or 0.84%, to $89.66 a barrel on Wednesday as scepticism over a US-Iran peace agreement and fresh shipping attacks revived fears of Middle Eastern supply disruption.
Oil
Oil steadied on Monday as hopes for a quick reopening of the Strait of Hormuz faded, with Iran demanding the United States meet several conditions before the waterway reopens.
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