21 Jul Energy News commentary and analysis | Late Edition, Crude Oil (Brent) $91.45
(Oilandgaspress) 21/07/26, The Houthi government of Yemen announced a ban on shipping linked to Saudi Arabia, threatening a route the kingdom used to move millions of barrels of crude through a cross-country pipeline bypassing the Strait of Hormuz. Saudi Arabia said it would take all necessary measures to protect its vessels. The pipeline is one of the few ways Gulf oil can reach world markets without passing through Hormuz, the narrow channel between Iran and Oman that normally carries about a fifth of global oil. Related News
| Oil and Gas Blends | Units | Oil Price | Notes |
| Crude Oil (WTI) Oilprice | US$/bbl | $84.34 | Up |
| Crude Oil (Brent) | US$/bbl | $91.45 | Up |
| Bonny Light 20/07/26 CBN | US$/bbl | $87.00 | Up |
| Dubai | US$/bbl | $75.19 | Up |
| Natural Gas | US$/MMBtu | $2.86 | Down |
| Murban | US$/bbl | $85.77 | Up |
| OPEC basket 20/07/26 OPEC | US$/bbl | $86.10 | Up |
| At press time July 21, 2026 |
Iran’s Revolutionary Guards said they targeted infrastructure belonging to US company Amazon in Bahrain, according to a statement published by state media on Tuesday.
The army said it launched a wave of drone strikes at the base, which it claimed was being used as a launchpad for attacks against Tehran.
Iranian President Masoud Pezeshkian said Monday that his country was in a ‘full-scale war’ with the US, as Donald Trump unleashed a tenth successive night of strikes against Iran. The escalation has pushed oil prices higher in recent weeks.. Related News
In four days, four tankers meant to transport crude oil produced in Kazakhstan were attacked by drones while loading at the Caspian Pipeline Consortium (CPC) marine terminal in the Black Sea.
The foreign and energy ministries of Kazakhstan condemned the attacks, stating that they undermined global energy security and the economic interests of CPC member countries. . Related News
The UK government has quietly revealed when plug-in solar panels will become legal to buy in the country — and the magic date is August 27.
The date (spotted by Engadget) is hidden away in these amended ‘Plugs and Sockets’ regulations for the UK. These are “coming into force” from August 27 and effectively legalise plug-in solar panels, which currently exist in a legal grey area.. Related News
Incoming UK Prime Minister to support renewed North Sea oil and gas drilling according to various news reports. It is expected that he would fast-track approvals for existing or licensed North Sea oil and gas projects, including subsea tiebacks, to help boost domestic energy production and support offshore investment.Multiple reports from major outlets, including the BBC and Bloomberg, confirm that Burnham’s team has directed civil servants to prepare announcements on energy policy, potentially as soon as next week. These measures aim to boost domestic production, enhance energy security, and support jobs in regions like Aberdeen, amid pressures from industry, unions, and shifting global conditions. Related News
More than seven out of ten people think the UK should produce oil and gas in its own waters rather than rely on imports from abroad, according to independent polling published today.
The survey from Opinium found that 71% of people backed domestic production of oil and gas compared to just 8% who thought it did not matter where oil and gas comes from.
There was also strong support for the government to scrap its current ban on new North Sea exploration. Over twice as many people (49% to 24%) thought the UK should follow Norway’s Labour government in allowing new licences for exploration rather than continuing the current ban.
Labour voters also rejected the centrepiece of the UK government’s energy policy, with 42% saying Britain should follow Norway in allowing new licences compared with 35% of those who voted Labour at the 2024 general election, who said the UK should continue the ban on exploration. . Related News
Saab and Embraer strengthen partnership with agreement to expand Gripen production capacity
The Heads of Agreement (HoA) provides a framework for the potential production of 20 additional Gripen aircraft in partnership with Embraer, with both companies intending to conclude the corresponding agreement in 2026.
Saab and Embraer today announced the signing of a Heads of Agreement (HoA) that provides a framework for the potential production of 20 additional Gripen aircraft at Embraer’s industrial complex in Gavião Peixoto, the state of São Paulo, Brazil. Embraer will take responsibility for assembling the aircraft, serving as a complement to Saab’s final assembly line located in Linköping, Sweden, to meet global demand for the Swedish fighter.
The agreement marks another milestone in the decade-long partnership between the two companies, increasing delivery capacity within a globally integrated manufacturing model while providing greater flexibility to meet future customer requirements. Related News
Dana Incorporated announced today that its board of directors has declared a dividend on its common stock. The board declared a quarterly dividend of $0.12 per share, payable August 28, 2026, to holders of Dana common stock as of August 7. .. Related News
Japan Petroleum Exploration (JAPEX) updated its management plan to reflect the growing importance of energy security in the current geopolitical landscape.
While decarbonisation technologies such as CCUS will continue to be developed, a more realistic transition strategy focused on gas production was deemed necessary by the firm.
“Globally, a realistic transition is now regarded as using a combination of different primary energy sources, including fossil fuel with CCUS, synthetic fuels, renewables and nuclear power,” said Dr Tomomi Yamada, president of JAPEX’s Overseas Business Division. By committing to a ¥1.5t ($10b) growth blueprint, the firm is positioning itself for the future by quadrupling its daily production from 45,000 to 180,000boe/d by 2035, while aiming for a 12% return on equity. To achieve this fourfold production increase, JAPEX has concentrated its capital on three geopolitically independent, high-yield regions besides Japan: the US, Norway and Southeast Asia. Related News
Future Energy Networks (FEN) welcomes new Energy Secretary, Miatta Fahnbulleh MP
Following the appointment of Miatta Fahnbulleh as Secretary of State for Energy Security and Net Zero, Future Energy Networks CEO, James Earl, said: “FEN and its members warmly welcome Miatta Fahnbulleh as the new Secretary of State for Energy Security and Net Zero, and congratulate her on this appointment.
“The UK’s gas networks remain critical to the successful transition to a low-carbon energy system while delivering flexibility, security and resilience. With targeted government support, our world-class gas network can play an even greater role in the energy transition as part of a whole systems approach.
“Our industry looks forward to working constructively with the new Secretary of State to help deliver practical solutions to the energy challenges facing the country. We wish her every success in this immensely important role.” Related News
Reference is made to the stock exchange announcement published by BW Energy on 29 June 2026 regarding the exercise of options under the Company’s Long Term Incentive Program (LTIP) and the resolution by the Board of Directors to issue up to 175,000 new shares in the Company to settle the options exercised under the LTIP.
64,094 shares of the total 175,000 new shares have now been validly issued and fully paid. The remaining 110,906 shares are expected to be issued at a later date.
Following this issuance, BW Energy has a total of 5,855,505 outstanding options and 258,333,418 validly issued and fully paid shares. Related News
CME Group announced plans to launch Sorghum basis futures. Trading is expected to start on August 24, 2026, pending regulatory review. Sorghum is a versatile commodity uniquely positioned to meet global demand from the domestic feed industry, the international export market and, more recently, biofuels.
The new basis contract reflects the price difference between sorghum and corn, two types of grain used in animal feed as well as ethanol feedstock. Sorghum’s premium over corn usually signals international demand driving values higher. A deep discount compels domestic buyers to shift feed rations toward cheaper sorghum.
“While sorghum prices tend to track corn closely over extended macroeconomic cycles, geopolitical events and regional supply shifts can disrupt that relationship,” said John Ricci, Managing Director and Global Head of Agricultural Products, CME Group. “In recent years, the sorghum-to-corn cash spread has experienced considerable volatility, swinging from sharp premiums to steep discounts. The Sorghum futures contract will provide market participants a precise instrument to hedge that basis risk.”
The contracts will be physically delivered, with grain being loaded out by truck or rail from a network of elevators in Kansas, the nation’s largest sorghum-producing state, by using the established Kansas City Hard Red Winter Wheat delivery network. CME Group achieved record quarterly volume of 2.1 million contracts for Agricultural products in Q2 2026. Corn futures and options reached record open interest of 4.1 million contracts in Q2 2026, with the second highest quarterly volumes on record at 695,000 contracts traded. . Related News
HIRE360, an Illinois-based workforce development nonprofit, in partnership with Pivot Energy, a national renewable energy independent producer, recently celebrated the graduation of Pivot Program Cohort 1, a workforce development initiative that helps people prepare for construction careers on clean energy projects. Pivot donated $180,000 for this training program and partnered with HIRE360 to co-design a 240-hour Solar Workforce Bootcamp Training Program in Chicago for 10 participants, which concluded July 9.
HIRE360 has a strong track record of connecting individuals from underrepresented communities to careers in the union construction and clean energy trades through workforce training, pre-apprenticeship programs, and employer partnerships.
The program combined a 160-hour comprehensive pre-apprenticeship curriculum approved by North America’s Building Trades Unions (NABTU) with an 80-hour PV Associate Boot Camp developed and delivered by the Midwest Renewable Energy Association (MREA), a NABCEP Registered PV Associate training provider. Pivot Energy and HIRE360 plan to continue this workforce training partnership into 2027, with another 10-person cohort planned.
The graduation ceremony, held at the HIRE360 Training Center on Chicago’s South Side, recognized the accomplishments of 10 graduates who completed the program and are pursuing careers in the skilled trades. Family members, community and corporate partners, and industry leaders gathered to honor the graduates and celebrate the partnership that made the program possible. Related News
The American Red Cross of Illinois recognizes Pivot Energy, a national renewable energy independent power producer, headquartered in Denver, Colo, for its $8,000 donation help fund relief and recovery efforts for Illinois residents that were impacted by the Kankakee and Aroma Park Tornadoes, which occurred March 10, 2026.
Donations to Red Cross Disaster Relief are used to prepare for, respond to and help people recover from disasters big and small. This includes providing food, shelter, relief supplies, emotional support, health services, spiritual care and financial assistance, as well as supporting the vehicles, warehouses, and people who make that help possible.
For nine seemingly uninterrupted minutes, an EF3 tornado unleashed 150 mile-per-hour winds, carving a half-mile-wide path of destruction through the community. In those moments, entire neighborhoods were torn apart. Towering trees were uprooted or snapped like twigs, while others were stripped bare, leaving behind a jagged skyline where vibrant green spaces once stood. Related News
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