#energia

The Bank of England's headquarters on Threadneedle Street, in the City of London, in September 2019.

Monetary policy

Bank of England raises Bank Rate to 4%, its first hike in more than three years, and projects inflation near 5% by mid-2027

The seat of the European Central Bank and the Frankfurt skyline, in Germany, in 2015.

Eurozone inflation climbs to 4.0% in October, its highest in more than three years

European Energy Commissioner Dan Jørgensen during a visit to the United Kingdom in June 2026.

Eleven EU countries will release 20.5 million barrels of diesel from strategic reserves by the end of January

European Energy Commissioner Dan Jørgensen, on the left, and European Commission Executive Vice-President Teresa Ribera at a press conference on the bloc's energy package in March 2026.

European gas tops €100 per MWh for the first time since December 2022, and Brussels warns of "another energy crisis"

Christine Lagarde, President of the European Central Bank, on the right, during a visit to the European Commission in June 2025.

Monetary policy

ECB holds deposit rate at 2.5% with euro-area inflation at 3.8%, and markets now bet on a December hike

Algeria's president, Abdelmadjid Tebboune, at an official meeting in Slovenia in May 2024.

Algeria sends troops to Niger in its first military operation beyond its borders since 1973

The Strait of Hormuz, between Iran to the north and the Arabian Peninsula to the south, in a December 2020 image from NASA's Terra satellite.

Brent settles at $116.72, a six-month high, as Houthi attacks hit Saudi energy infrastructure

The Berlaymont building, headquarters of the European Commission, in Brussels in October 2022.

EU bought €197bn of Russian energy since 2022, European Commission says

The seat of the European Central Bank and the Frankfurt skyline at dawn, in 2015.

Euro area inflation rises to 3.8% in September as energy costs jump 18.8% in a year

The Petrobras headquarters in downtown Rio de Janeiro, pictured in 2012.

Petrobras signs 22-year deal to buy 800,000 tonnes of US LNG a year

The El Sharara oil field in south-western Libya, operated in partnership with Spain's Repsol.

Armed group shuts valve at Libya's largest oil field, and the state producer threatens force majeure

The Manifa oil field on Saudi Arabia's east coast, photographed from the International Space Station in August 2023.

Aramco tells European refiners they will get no crude in October