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The average price of diesel in the European Union has jumped 27 percent in three months to average more than €2.20 per litre as Russian fuel exports have ended and refining cutbacks have been brought in across EU because of higher oil prices due to the Iran conflict in Gulf.
The UK National Balancing Point (NBP) natural gas price jumped to the equivalent of $22.290 per million British thermal units on August 22 as concerns grow about the integrity of Britain’s power system that was recently hacked into by Iran.
The Abu Dhabi Murban crude oil price of the United Arab Emirates touched $103.50 a barrel on August 22 to be much higher than the market benchmark Brent crude price of $94.40 a barrel as the UAE’s relations worsened with its Arabian Gulf neighbour Iran.
The crude oil-linked liquefied natural gas price jumped on August 22 as Brent crude rose to $94.40 a barrel amid deadlock on Strait of Hormuz energy flows from Gulf. Oil at that level prices oil-linked contract LNG sold mostly in Asia at $11.64 per million British thermal units.
The exceptionally low water level of Lake Zurich in Switzerland has revealed an island last seen 116 years ago near the “Stäfner Stein” shoal, off the coast of Stäfa, reports the Tages-Anzeiger newspaper. This rare phenomenon previously occurred in 1909 and was photographed.
Former Google executive Matt Brittin has made a zero-out-of-10 debut as the Director-General of the BBC. The majority of British people hate this BBC and refuse to fund what is a mouthpiece for Palestinian, Hamas and anti-Israeli propaganda as well as gross anti-Trump hatred.
Somali pirates have relaunched their seizures and threats against global shipping, according to the United Kingdom Maritime Trade Operations (UKMTO) centre. The “Seamullet” products tanker sent a distress signal on being attacked 136 nautical miles east of Al Mukalla, Yemen.
Saudi Arabia’s trillions-of-dollars wealth fund is prioritising plans that are viable to build a futuristic region in Neom near Jordan using oil profits. Saudi Crown Prince Mohammed bin Salman says Neom implementation will be “commercially driven and financially sustainable”.
The UK National Balancing Point (NBP) natural gas price jumped to the equivalent of $21.375 per million British thermal units on August 20 compared with the Dutch Title Transfer Facility benchmark of $21.700 per MMBtu amid fears of UK and EU winter gas crises and power cuts.
The Abu Dhabi Murban crude oil price of the United Arab Emirates touched $100 a barrel on August 20 to be even higher than the benchmark Brent crude price of $92.55 a barrel as the UAE said relations had worsened with its Arabian Gulf neighbour Iran.
The crude oil-linked liquefied natural gas price jumped on August 20 as Brent crude rose to $92.55 a barrel amid deadlock on Strait of Hormuz energy flows from Gulf. Oil at that level prices oil-linked contract LNG sold mostly in Asia at $11.46 per million British thermal units.
Shipping charter rates rose in still volatile markets with modern Very Large Crude Carriers at $120,000 per day for one-year hires. Very Large Gas Carrier rates for spot LPG charters at $5.30 million a month. Panama Canal congestion continues with Sept. 3-17 scoreline Canal-Cape.
Calls grow for UK Prime Minister Andy Burnham to be tried for bribery as he offered holder of parliamentary seat he won a doubling of his income to £180,000 a year if he stepped down. The ex-MP now has that job with Far-Left Labour Party.
The European Union natural gas benchmark price, the Dutch Title Transfer Facility (TTF), jumped to its highest of the summer, the equivalent of $21.80 per million British thermal units, amid energy security and economic policy concerns among the 27-nation bloc.
The Abu Dhabi Murban crude oil price of the United Arab Emirates surged to $97.75 per barrel on August 19, more than $6 a barrel higher than the benchmark Brent crude price of $91.50 a barrel as the UAE said relations worsened with Arabian Gulf neighbour Iran.
Conflicts over oil and gas resources have long been expected so have battles over water. Now Egypt is in a stand-off over Ethiopia’s new dam cutting water flows from the Blue Nile. The Ethiopian dam opened in 2025 with 5,150 MW capacity and 74 billion cubic metres of water use.