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Diesel and petrol shock rising

Latest war headlines. North Sea oil soars as Saudis cut shipments. Houthis pound Saudi Arabia. Pakistan and Turkey mull intervention. Ukraine pounds Moscow oil refinery. Some solid new research from JPM is worth a look. Given the scale of the supply disruption, we expected inventories to draw rapidly and cautioned that, while the headline number The post Diesel and petrol shock rising appeared…

We haven't written up this one. MacroBusiness has the full story — the link below goes straight to it.

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UK economy set to grow despite rising energy costs

The UK economy is forecast to grow in 2026, but rising energy bills and higher borrowing costs will weigh on activity in the second half of the year. The economy is set to grow 1.3 per cent this year, according to KPMG’s latest economic outlook, after household spending was “supported by warmer weather” while businesses [...]

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