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Britain’s Borrowing Outlook Darkens as Energy Shock Deepens

OilPrice.com · Jun 3, 2026 16:00 · Geopolitics · Score 0.98

Chancellor Rachel Reeves has been warned that government borrowing is set to spike as a result of the Iran war, as the Office for Budget Responsibility admitted it had underestimated the effects of the last energy price shock. In a review of its forecasting models, the OBR suggested it had learned lessons from Russia’s full-scale invasion of Ukraine, which led to gas prices rising by around five times. It said the overall impact on public finances “was to significantly increase government borrowing and debt” despite…

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Iraq Looks to Triple Pipeline Oil Exports as Hormuz Remains Closed

OilPrice.com · Jun 3, 2026 13:30 · Geopolitics · Score 0.98

Kuwait Says Oil Output Won't Recover for 10-12 Weeks After Hormuz Reopens

OilPrice.com · Jun 3, 2026 16:30 · Geopolitics · Score 0.95

Supply Shock to Slash India’s Oil Demand Growth to Pandemic Low

OilPrice.com · Jun 3, 2026 09:30 · Energy · Score 0.96

America’s Only Commercial Uranium Enricher Is Privately Building a New Plant Amid a Widening Nuclear Fuel Supply Gap

POWER Magazine · Jun 3, 2026 14:05 · Energy · Score 0.89

South Korea Locks In Canadian Crude, LNG in Sweeping Supply Overhaul

OilPrice.com · Jun 3, 2026 14:30 · Energy · Score 0.88

BlackRock-Backed Atlas Renewable Freezes $1 Billion in Brazil Solar Projects

OilPrice.com · Jun 3, 2026 11:30 · Energy · Score 0.90

Japan Commits $19.4 Billion to Fighting Its Energy Crisis

OilPrice.com · Jun 3, 2026 08:30 · Energy · Score 0.90