World's energy supply buffers have been eroded, ADNOC CEO says
ADNOC CEO warns global energy buffers eroded amid war disruptions, with diesel stocks at 35-year lows and Brent crude surging 50% to $110 per barrel.
ADNOC CEO warns global energy buffers eroded amid war disruptions, with diesel stocks at 35-year lows and Brent crude surging 50% to $110 per barrel.
UK Prime Minister Burnham considers aiding Saudi Arabia against Houthi attacks threatening oil infrastructure and Red Sea shipping. Rising Brent crude prices near $110 per barrel increase inflation ri
UK inflation cooled to 2.6% in June, driven by falling petrol and crude oil prices that reduced raw material costs, though geopolitical tensions persist.
Incoming UK PM Burnham faces warnings that US-Iran conflict may derail North Sea fossil fuel drilling plans amid concerns over the Strait of Hormuz blockade. Treasury forecasts warn of economic sourin