11 Jun Energy news, commentary and analysis | US will strike Iran “very hard tonight
(Oilandgaspress) The oil market is coming to grips with a new reality: due to the US,Israel and Iran war. Fuel use in China had already been falling in recent years due to slowing economic growth and the rise of electric cars and trucks, but the recent decline is especially steep and has caught industry players by surprise. Gasoline sales at Sinopec 600028.SS, which runs China’s biggest network of petrol stations and is the world’s largest refiner, dropped 8% in April while diesel fell 6%, according to industry sources briefed on internal data.
Goldman Sachs estimates the drop in the use of gasoline and related products was about 20% in April, while China-based GL Consulting put the decline at around 15%.
China, the world’s largest importer, has now learnt to live with less fuel. Related News
Kuwait has closed its airspace after Iran announced new attacks on the gulf country, with officials saying some flights were being diverted to alternative airports.
Flights had been circling outside Kuwait for some time before the announcement, after it said its air defences were firing at aerial targets.
Kuwait International Airport took a direct hit from an Iranian strikes last week, with one person killed and dozens more wounded.
Bahrain separately sounded its missile alert sirens on Thursday, after Iran said it was attacking the US navy’s fifth fleet which is headquartered in the country. Related News
France’s EDF and UK-based Centrica (CNA.L), opens new tab are prepared to invest about £800m ($1.07 billion) to extend the lifespan of Britain’s Sizewell B nuclear power station to 2055 from 2035, an EDF spokesperson told Reuters on Wednesday. Sizewell B on the North Sea coast in Suffolk supplies nearly 1.2 gigawatts of electricity to the grid and is the only pressurised-water reactor in the UK.. Bloomberg News, citing sources, reported earlier that EDF and Centrica were close to agreeing a draft deal with the government to extend the plant’s life. Related News
For every football fanatic glued to their TV screen, there’s a partner, flatmate or family member who’s counting down the minutes until it’s all over.
New research from EDF1 reveals that as the nation gears up for kick-off this summer, two-thirds (66%) of UK homes will be experiencing a ‘match-day divide’ – a household split over love for the game.
To maintain household harmony between footie fans and foes, 59% of Brits are finding their own tactical ways to make those 90 minutes count. From multiple screens playing, chargers plugged in and ovens pinging, 73% anticipate that match time could drive up their overall home electricity usage.
However households choose to spend the time, EDF is giving customers two hours of free electricity during every England and Scotland game this summer. Whether watching every minute or enjoying the quiet, the offer helps everyone make the most of that time together and feel like they’ve scored a match winner.
As more than 34 million2 England and Scotland football fanatics plan to watch their team play this summer, 71% of divided households polled say they will be discussing compromises to keep everyone happy while the football is on.For many, kick-off signals the start of a productivity window. In fact, 65% of non-footie fans admit they would rather use the time to tackle household tasks such as washing (41%), cooking (32%) or baking (19%) than sit through a full match. One in ten (12%) will also spend the time wisely and catch up on life admin while the match plays in the background. Related News
On 6 May 2026, Vestas announced the initiation of a share buy-back programme, cf. Company Announcement No. 21/2026. The programme is implemented in accordance with Regulation No. 596/2014 of the European Parliament and of the Council of 16 April 2014 on market abuse (MAR) and the Commission Delegated Regulation (EU) 2016/1052 (the “Safe Harbour Regulation”).
Prior to the share buy-back, Vestas held 10,045,201 treasury shares, equal to 1.0 percent of the share capital.
Under the programme, Vestas will buy back shares for an amount up to DKK 747m (approx. EUR 100m) in the period from 7 May 2026 and until no later than 11 August 2026.
The following transactions have been made under the programme during the period 04 June to 10 June 2026: Related News
US strike on tanker kills three Indians, escalating Gulf maritime tensions
India has summoned a senior American diplomat after three Indian sailors were killed in a US strike on an oil tanker near Oman.
India’s Ministry of Foreign Affairs summoned Jason Meeks, the US Embassy’s deputy chief of mission in New Delhi, to lodge a “strong protest”.
The three Indian sailors who were killed in the strike on the Palau-flagged Settebello on Wednesday have been identified as deck cadet Aditya Sharma, engine fitter Shivanand Chaurasia and chief engineer Patnala Suresh. . Related News
Donald Trump says that the US will strike Iran “very hard tonight” in a new post on Truth Social.
Here’s what the president says: “The United States will be hitting Iran (Whose Navy, Air Force, Radar, Anti Aircraft, and all other forms of Defense, together with most of its offensive capability, are GONE!), VERY HARD TONIGHT
“At some point in the not too distant future, we will be taking Kharg Island, and other oil infrastructure points, and assume total control of their Oil and Gas Markets, much like we have with Venezuela, which is working out brilliantly for both Venezuela and the United States of America.”.Related News
The Dangote Petroleum Refinery has been valued at $39.1 billion as it seeks to raise fresh capital from investors through a private placement.
According to an Information Memorandum seen by Nairametrics, the refinery is offering 3 billion ordinary shares at a placement price of $0.35 per share.
The transaction is expected to raise approximately $1 billion and has already attracted strong investor interest, with indications suggesting that the offer may be oversubscribed following the close of the indication-of-interest period. . Related News
| Oil and Gas Blends | Units | Oil Price | Notes |
| Crude Oil (WTI) Oilprice | US$/bbl | $90.49 | Up |
| Crude Oil (Brent) | US$/bbl | $93.43 | Up |
| Bonny Light 11/06/26 CBN | US$/bbl | $96.75 | Down |
| Dubai | US$/bbl | $89.88 | Up |
| Natural Gas | US$/MMBtu | $3.13 | Down |
| Murban | US$/bbl | $89.16 | Down |
| OPEC basket 10/06/26 OPEC | US$/bbl | $97.18 | Down |
| At press time June 11, 2026 |
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