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Energy 5 February 2026 - 25 February 2026

Ofgem cuts UK energy price cap for April — here’s how much bills will fall

Ofgem cuts UK energy price cap for April — here’s how much bills will fall

Britain’s energy regulator Ofgem plans to trim its household energy price cap by 7% starting April 1, pulling the typical annual dual-fuel bill down to £1,641. That’s a yearly drop of £117—roughly £10 a month. Tim Jarvis at Ofgem called a budget tweak to policy costs “the main driver.” The regulator also flagged a jump in switching activity, up nearly 20% year-on-year, and noted last year’s fixed deals came in about £115 beneath the cap. The reduction comes just as new government rules around environmental and social charges kick in from April, with Ofgem putting the average customer saving at £150. According to Ofgem, global wholesale prices dropped, shaving off £38 a year in the last quarter; but network charges climbed by £66 annually, thanks to the RIIO-3 price-control regime that covers upgrades to electricity and gas networks.
25 February 2026
Heating oil price today: ULSD futures edge up as U.S.-Iran talks and late-winter demand signals loom

Heating oil price today: ULSD futures edge up as U.S.-Iran talks and late-winter demand signals loom

New York, Feb 16, 2026, 12:57 EST — Regular session Heating oil futures in the U.S. edged up Monday, tracking gains in crude as traders juggled geopolitical concerns alongside questions about late-winter consumption. The most-active March NY Harbor ULSD contract—still widely known as heating oil—added 1.64 cents to $2.4043 per gallon. Brent climbed 74 cents to $68.49 a barrel, and WTI picked up 76 cents, landing at $63.65.
16 February 2026
BP Q4 2025 results: BP halts buybacks after $4bn write-downs and a $1.5bn U.S. asset deal

BP Q4 2025 results: BP halts buybacks after $4bn write-downs and a $1.5bn U.S. asset deal

BP hit the brakes on its share buyback program Tuesday, opting instead to channel extra cash toward trimming debt and boosting oil-and-gas spending, after quarterly underlying profit numbers landed largely in line with forecasts. The company also flagged roughly $4.2 billion in impairments and disclosed it had unloaded a minority stake in its U.S. onshore oil assets for $1.5 billion. The suspension of buybacks is a big deal—investors have counted on those returns as a cushion when prices weaken, and BP has turned to share repurchases to help calm nerves after years spent changing direction. BP stock is up around 9% year-to-date, ahead of European competitors Shell and TotalEnergies, but it’s still trailing ExxonMobil in the U.S., according to the Financial Times.
Shell stock watch: Oil drops 1% and buyback scrutiny builds before the bell

Shell stock watch: Oil drops 1% and buyback scrutiny builds before the bell

New York, February 9, 2026, 03:01 EST — The market is now closed. Shell’s U.S. shares wrapped up Friday at $75.29, gaining 63 cents, or roughly 0.8%. Come Monday, the stock faces pressure as crude slides—Brent lost 1% early, touching $67.38 a barrel after the U.S. and Iran agreed to extend nuclear talks. “With more talks on the horizon the immediate fear of supply disruptions in the Middle East has eased quite a bit,” said IG market analyst Tony Sycamore.
Natural gas price slips after record storage draw; EQT rises while Williams drops on deal talk

Natural gas price slips after record storage draw; EQT rises while Williams drops on deal talk

NEW YORK, Feb 6, 2026, 13:51 — Regular session U.S. Henry Hub natural gas futures slipped on Friday, shrugging off a record weekly storage draw as traders zeroed in on changing weather forecasts. The March contract fell 4.8 cents, or 1.4%, to $3.46 per million British thermal units in early New York afternoon trading, according to Investing.com data.
BP hunts for a partner at Iraq’s Kirkuk oil field as $25 billion redevelopment looms

BP hunts for a partner at Iraq’s Kirkuk oil field as $25 billion redevelopment looms

BP is hunting for a partner to boost output and split development costs at Iraq’s Kirkuk oil field, one of the region’s oldest, Bloomberg News reported Feb. 5, citing insiders. The search for investors is ongoing, with any deal potentially pushing into next year, the report added. BP declined to comment. The Kirkuk redevelopment deal is far from minor. Last year, a senior Iraqi oil official told Reuters that BP might pour in $20 billion to $25 billion over more than 25 years under a profit-sharing arrangement. This setup would allow BP to recoup costs before splitting profits from increased output, targeting a boost to at least 450,000 barrels per day within two to three years, up from roughly 300,000 bpd. The official also highlighted this as Iraq’s second big pact with a foreign oil giant in as many years, following a $27 billion TotalEnergies project in Basra.
6 February 2026
Shell keeps $3.5bn buyback despite Q4 profit slide — and debt jumps to $45.7bn

Shell keeps $3.5bn buyback despite Q4 profit slide — and debt jumps to $45.7bn

Shell announced on Thursday a new $3.5 billion share buyback and raised its dividend, despite a drop in profit that missed expectations in the final quarter of 2025. This shift is significant since investors long viewed buybacks as the oil sector’s go-to way to deploy cash, despite sliding crude prices and shrinking earnings. Now, the key issue is how long Shell can maintain steady returns without its leverage inching higher.
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Stock Market Today

  • Netflix Gains 5.5% as Investors Look Toward Earnings, Sports Streaming Test
    July 2, 2026, 3:56 PM EDT. Netflix jumped 5.5% on July 2, beating out other tech names as traders waited for the company's July 16 Q2 earnings and its live MLB Home Run Derby stream on July 13. Netflix last traded at $78.24, but the stock is still under both its 50-day and 200-day moving averages, making this pop look like a short-term move. The company has its eye on $3 billion in ad revenue this year, and the upcoming sports stream is a big focus for Netflix's growth case. For Q2, Netflix is calling for $12.574 billion in revenue, $4.105 billion in operating income, and 78 cents EPS. Nasdaq will be shut July 3 for the holiday.
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