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Energy prices

News updates related to energy prices.

The World Bank forecasts energy prices will rise by 24% in 2026, reaching a new record high.

The World Bank's Commodity Market Outlook report warns that global energy prices will rise sharply, driving inflation higher and threatening economic growth.

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The World Bank forecasts energy prices will rise by 24% to a record high in 2026.

The World Bank warns that energy and fertilizer prices will rise sharply in 2026 due to supply disruptions, pushing inflation in developing countries to 5.1%.
The EU announces a strategy to reduce electricity taxes to respond to the energy shock.

The European Commission plans to cut electricity taxes to 0% and boost gas stockpiles to stabilize the market amid pressure from the conflict in the Middle East.

The UK is abolishing the carbon tax on electricity production from 2028 to ease pressure on energy prices.

The UK government has decided to abolish the Carbon Support Scheme (CPS) tax from April 2028 in order to curb rising electricity prices and support the cost of living for households.
The UK is abolishing the carbon tax on electricity production from 2028, which will help reduce energy bills.

The UK government has decided to eliminate the CPS tax from April 2028 in order to reduce electricity costs for citizens amid a sharp increase in wholesale energy prices.
Eurozone inflation surged to 2.5% due to rising energy prices; ECB considers raising interest rates.

The consumer price index in the eurozone surged to 2.5% in March due to the energy price shock. This development is putting significant pressure on the European Central Bank (ECB)...
The ECB kept interest rates unchanged at 2%, warning of inflation risks from sharply rising energy prices.

The European Central Bank (ECB) maintained interest rates at 2% but left open the possibility of tightening policy sooner than expected due to pressure from conflicts in the Middle East.

The EU is implementing an emergency plan to curb energy prices as costs increase by an additional 6 billion euros.
March 18, 2026 10:02

European Commission President Ursula von der Leyen announced a series of measures to regulate the carbon market and increase subsidies to ease the pressure of soaring energy prices following the conflict.
The EU is planning an emergency measure to curb soaring energy prices caused by the Iran conflict.
March 18, 2026 05:30

The EU has announced a roadmap to regulate the carbon market and increase industrial subsidies in response to the €6 billion increase in fuel import costs following the Iran conflict.
The US grants a 30-day clearance for Russian oil stranded at sea in an effort to stabilize energy prices.
March 14, 2026 06:30

The US Treasury Department has just announced a temporary waiver of sanctions on Russian crude oil currently at sea in an effort to cool down the market. The decision comes after oil prices surpassed the $100 mark...
The US grants a 30-day clearance for Russian oil stranded at sea to help cool energy prices.
March 14, 2026 05:12

The US Treasury Department has authorized the trading of Russian crude oil that had been loaded before March 12th to offset supply shortages from the Middle East, amid global oil prices exceeding $100 per barrel.
President Trump lifted oil sanctions on several countries in an effort to cool down energy prices.
March 10, 2026 09:10

US President Donald Trump announced the decision to lift sanctions against several countries related to oil supply aimed at controlling prices.

Energy prices

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