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Wednesday
28
Oct 2026
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Brent crude tops $112 as European gas prices remain near four-year highs

Geopolitical tensions are increasing the risk of further price rises for oil and natural gas

Winter energy bills set to soar as wholesale electricity prices jump 57%

Natural gas prices approach €90/MWh, putting further pressure on heating costs, while Greece’s leading electricity supplier has yet to confirm whether its fixed-rate tariff of 11.5 cents/kWh will continue beyond October

‘Europe should follow Greece’s example’ says Rubio, as US$4 billion in arms sales and energy alliance take centre stage

Visiting Athens, Marco Rubio called Greece a 'model ally' and urged Europe to follow its example, as the sixth Strategic Dialogue produced US$4 billion in military equipment sales and fresh energy commitments

Greece and US vow closer cooperation as Prime Minister hosts Secretary of State at Maximos Mansion

The Greek PM and US Secretary of State reaffirmed the historical, high level of Greek-American relations, meeting at Maximos Mansion and pledging deeper cooperation on defence, energy and technology

EU urges member states to curb energy use as gas stocks run low

Brussels sees no imminent shortage but is readying voluntary 2022-style measures, including peak-hour cuts and reduced public heating, while suggesting states settle for 80% storage as the Dutch TTF benchmark trades near €72 per MWh

Greek counteroffensive in shipyards with 14 new vessel orders

Greek shipowners invest in tankers, LNG carriers and ammonia carriers – VLCC rates on the Middle East–China route surge above $1 million per day

US to pay German energy company $1.2 billion to abandon offshore wind farm project

The Trump administration is prioritizing investment in natural gas over offshore wind energy

Drone attack hits US-owned LNG vessel in Damietta, Egypt: Unprecedented strike in the Mediterranean

Operations at the facilities are expected to resume within the coming hours

A Qatari tanker carrying LNG was struck by a missile near Oman – Gas and oil prices rose slightly

The Al Rekayyat, a ship owned by Nakilat, Qatar's state-owned shipping company, was struck in the early hours of Tuesday morning

Congestion in the Strait of Hormuz as US–Iran agreement revives shipping – Oil exports resume (videos)

The first major oil shipments are passing through the Strait again as shipping activity restarts, though shipping and insurance market officials remain cautious despite the increased movement

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