The Energy Independence Bill ends new North Sea exploration licences, but Transitional Energy Certificates could unlock 60 million barrels from areas that have already been explored.

The UK government has approved the Jackdaw gas field in the North Sea, with production due to start by the end of the month, as ministers back energy security and critics warn of climate and bill impacts.

More than 20 energy, industry and investor groups have urged EU leaders to protect the ETS’s long-term investment signal, as governments debate how far to change the carbon market.

Trump has announced a deal for Russia to supply millions of tons of diesel to US and global markets, as Hormuz disruption and damaged Russian refineries push prices to record highs.

G7 leaders have agreed to release up to 100 million barrels of diesel reserves within four months, as UK diesel prices hit a record £2 a litre amid US pressure over export restrictions.

The IEA's September 2026 report shows Brent crude above $105 a barrel and US diesel past $200, as Gulf disruption and the US-Iran standoff squeeze supply and push refining margins to record highs.

Petrobras has confirmed an oil discovery off the Amazon coast, with President Lula calling it a "passport to the country's future" despite fierce opposition from environmental groups.

UAE exits OPEC after nearly 60 years, aiming to expand oil output beyond quotas, highlighting a shift towards national production as questions grow over the group’s control of global supply.

Europe’s fossil fuel bill has jumped €27bn in 60 days amid the Middle East crisis, highlighting dependence on imports as jet fuel and diesel supplies tighten and prices rise across energy markets.

UK plans to reduce the link between gas and electricity prices aim to stabilise bills, as new fixed-price contracts and higher generator taxes seek to limit exposure to volatile energy markets.

The EPA has revised oil and gas regulations, rolling back 2024 rules to save producers around $2.5 billion over 15 years, easing compliance burdens amid record U.S. output.

The UK is set to approve Shell's Jackdaw North Sea gas field, reigniting debate over whether domestic fossil fuel production can sit alongside long-term climate commitments.

U.S. crude oil production reached a new record in 2025, rising to 13.6 million barrels per day, according to the U.S. Energy Information Administration. The increase comes at a time of heightened global uncertainty. Oil prices have surged above $100 per barrel in recent weeks as conflict involving Iran disrupts key supply routes and energy infrastructure.

Germany is considering bringing reserve coal plants back online as rising energy costs expose weaknesses in its power system. Prices have surged due to escalating tensions in the Middle East and disruption to global oil and LNG supplies.

Oil demand is not expected to fall overnight, but there are clear pathways for it to slow and eventually decline. However, how quickly this happens remains highly debated, with major organisations offering very different timelines.

The UK energy debate has intensified after global oil prices surged following tensions in the Middle East and disruptions to shipping through the Strait of Hormuz. The narrow waterway carries around 20% of the world’s oil supply, and instability in the region has pushed prices sharply higher in recent weeks, highlighting how geopolitical events can quickly affect energy costs.