Energy

Live: Global energy developments and markets

Aerial view of a large crude oil tanker ship on the Strait of Hormuz.
An aerial view of a large crude oil tanker ship on the Strait of Hormuz. Image credit: Clare Jackson https://www.dreamstime.com/nickjackson_info

By Anders Lorenzen

As part of an expanded focus on real-time coverage, this live blog tracks developments across global energy markets, including electricity prices, oil and gas benchmarks, and renewable generation trends.

It is updated throughout the week with the most significant developments around energy and related markets with a sustainability lens.

Monday 13th of April 2026

17:00 GMT

Oil markets: Oil markets remained volatile on Monday after Donald Trump threatened to block the Strait of Hormuz, a critical route for global crude supply.

The Strait of Hormuz is a critical chokepoint for global oil supply, and any disruption would have significant implications for energy markets.

17:45 GMT

Oil markets: Brent Crude and West Texas Intermediate (WTI), the two main crude oil benchmarks are currently at $101.60 and $102.40/bbl (per barrel) respectively. This is up by 5.81% and 6.44% respectively from Friday’s (the last trading day)’s data.

We began tracking Brent Crude and West Texas Intermediate (WTI) prices last month. Full weekday data is available below.

18:45 GMT

Oil production: OPEC have released it’s March crude oil production data which indicates it has not been this low since 1999.

Economists say the oil market is "tight". Supply and demand are typically fairly balanced, which means small shifts in supply can have disproportionate impact on prices.The largest supply disruption in history happened in March and oil price stayed below $120. Time to revise the "tight" part?

Akshat Rathi (@akshatrathi.bsky.social) 2026-04-13T17:10:27.895Z

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