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This Week in Energy

This week in energy

This Week in Energy

This week in energy

More than six months into the US-Iran conflict, Brent pushed back through $100 for the first time since July. Around it: OPEC+ holding still, a landmark nuclear deal for Google and Europe’s slow progress in weaning itself off Russia. Five signals from the week.

LockSimple

Sep 10, 2026

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2 min read

This week in energy

Energy radar

+5

This week in energy

A month of relative calm ended this week with fresh US strikes on Iran, missiles fired back and energy prices jumping before Washington tried to talk them down. Five signals from the week.

LockSimple

Sep 3, 2026

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2 min read

This week in energy

This Week in Energy

This week in energy

For months, every escalation pushed the market one way. This week it moved the other – Brent fell as diplomacy revived, the diesel crack came off its record and the UK’s two big North Sea decisions slipped towards autumn. Five signals from the week.

LockSimple

Aug 27, 2026

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2 min read

This week in energy

Diesel crack spread

+4

This week in energy

The US-Iran negotiating deadline expired on Monday with no deal. Brent ended Wednesday near $92. But the number that defined the week came further down the barrel: the US diesel crack hit a record $102.20. Five signals from the week.

LockSimple

Aug 20, 2026

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2 min read

This week in energy

Energy radar

+4

This week in energy

That is the going daily rate for an oil tanker in the Black Sea – roughly 50% more than a week earlier. The Strait of Hormuz still owns the headlines, but some of the week’s most revealing moves were happening elsewhere: in Black Sea freight, in Europe’s record-low gas stores and in a fight over who gets Australia’s gas.

LockSimple

Aug 6, 2026

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3 min read

This week in energy

Energy radar

+5

This week in energy

The Middle East conflict crossed the 150-day mark this week – and widened again. US and Saudi aircraft struck Iran-aligned forces in Iraq. Saudi Arabia stopped routing new Red Sea crude cargoes south through Bab el-Mandeb. The Caspian Pipeline Consortium reopened its Black Sea terminal, only to suspend loadings again three days later. QatarEnergy bought US LNG to cover deliveries disrupted by Hormuz, while coal fell below half of China’s electricity mix for the first time. Five developments worth watching.

LockSimple

Jul 30, 2026

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2 min read

This week in energy

Energy radar

+5

This week in energy

Brent fell below $69 a barrel at the beginning of July. On Thursday morning, it reached $98.76 – a rise of around 44% in three weeks and its highest level since early June. The week began with Saudi tankers turning away from Bab el-Mandeb. It ended with a confirmed Houthi strike, falling Kazakh production and oil closing in on $100.

LockSimple

Jul 23, 2026

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3 min read

This week in energy

US Iran blockade

+5

This week in energy

Brent was trading around $70 in the post-MoU recovery phase. This morning, it is back near $85. The "wartime premium has disappeared" story lasted about ten days. What replaced it is familiar – and, according to at least one analyst, more dangerous than the first time.

LockSimple

Jul 16, 2026

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3 min read

This week in energy

Hormuz threat level

+5

This week in energy

A loaded LNG carrier caught fire near Hormuz on Tuesday. By Wednesday, Trump had declared the ceasefire over at the NATO summit, the US had struck more than 80 Iranian targets, Iran had targeted US military facilities in Bahrain and Kuwait, maritime threat levels had been raised and Brent was back near $78.

LockSimple

Jul 9, 2026

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3 min read

This week in energy

Brent crude

+3

This week in energy

Brent has fallen below where it was trading on 27 February – the day before the war began. The quarterly decline is the worst since 2020. Doha talks are ongoing. The market has priced a recovery. The question is whether the recovery matches what’s been priced.

LockSimple

Jul 2, 2026

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3 min read

This week in energy

Brent crude contango

+5

This week in energy

Brent has given back the war. The futures price now says the crisis premium has gone. The physical system says something more complicated: tankers are moving, inventories are still thin and the IRGC is still trying to define the terms of passage.

LockSimple

Jun 25, 2026

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2 min read

This week in energy

Energy radar

+5

This week in energy

Three Saudi-flagged supertankers carrying 6 million barrels of crude have exited the Strait of Hormuz. The interim deal has been signed. Brent is back below $80. The physical reopening has begun – but the paper market is already pricing a recovery the physical system has not yet delivered.

LockSimple

Jun 18, 2026

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3 min read

This week in energy

Energy radar

+5

This week in energy

Brent around $94. Fresh US strikes on Iran. Iranian threats against vessels transiting the Strait. The April ceasefire effectively unravelling. And the mid-June Aramco threshold that GED has been tracking since mid-May arrives in four days.

LockSimple

Jun 11, 2026

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2 min read

The calm is getting thinner

Energy radar

+5

The calm is getting thinner

Brent fell back below $97 on Thursday after three sessions of gains.

LockSimple

Jun 4, 2026

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2 min read

This week in energy

Iran diplomacy

+4

This week in energy

The week nothing resolved

LockSimple

May 21, 2026

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3 min read

This week in energy

Energy radar

+5

This week in energy

Four signals from the past seven days.

LockSimple

May 7, 2026

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2 min read

This week in energy

US military options

+6

This week in energy

Five signals from the past seven days.

LockSimple

Apr 30, 2026

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3 min read

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