26 Feb Energy Price/ Automotive, news, updates and expert commentary 26/02/26
(Oilandgaspress) Oil prices down as the threat of military conflict between the U.S. and Iran threatening to disrupt supply continues to worry investors.
| Oil and Gas Blends | Units | Oil Price | Change |
| Crude Oil (WTI) Oilprice | USD/bbl | $65.76 | Down |
| Crude Oil (Brent) | USD/bbl | $71.53 | Up |
| Bonny Light 26/02/26 CBN | USD/bbl | $70.58 | Down |
| Dubai | USD/bbl | $68.32 | Up |
| Natural Gas | USD/MMBtu | $2.82 | Down |
| Murban | USD/bbl | $71.44 | Up |
| OPEC basket 25/02/26 OPEC | USD/bbl | $60.29 | Down |
| At press time February 26, 2026 |
Eni’s Board of Directors, chaired by Giuseppe Zafarana resolved to distribute to Shareholders the third of the four tranches of the provision in place of the 2025 dividend(1) from Eni S.p.A. available reserves of € 0.26 (compared to a total annual provision, in place of the dividend, equal to € 1.05) per share outstanding at the ex-dividend date as of 23 March 2026(2), payable on 25 March 2026(3), as resolved by the Shareholders’ Meeting of 14 May 2025.
Holders of ADRs, outstanding at the record date of 24 March 2026, will receive € 0.52 per ADR, payable on 8 April 2026(4), with each ADR listed on the New York Stock Exchange representing two Eni shares. Related News
A North Dakota judge has reportedly said he will order Greenpeace to pay damages expected to total $345 million in connection with protests against the Dakota Access oil pipeline from nearly a decade ago, a figure the environmental group contends it cannot pay.
In court papers filed Tuesday, Judge James Gion said he would sign an order requiring several Greenpeace entities to pay the judgment to pipeline company Energy Transfer. He set that amount at $345 million last year in a decision that reduced a jury’s damages by about half, but his latest filing didn’t specify a final amount. The long-awaited order is expected to launch an appeal process in the North Dakota Supreme Court from both sides. Related News
Mechanisms proposed by the International Seabed Authority (ISA) for sharing any future revenues from deep sea mining fundamentally fail to demonstrate equitable distribution, calling into question one of the fundamental premises on which attempts to justify mining are based, new analysis shows.
The research by legal professor Dr Harvey Mpoto Bombaka and development economist Dr Ben Tippet, reveals that proposals currently under consideration would leave developing nations with meagre, token payments from deep sea mining. This configuration is in contrast to the clear United Nations Convention on the Law of the Sea (UNCLOS) mandate that mining must only be carried out for the benefit of humankind as a whole The real beneficiaries, the research shows, would be yet again a handful of corporations in the Global North. The analysis, commissioned by Greenpeace International, shows that under a scenario where six deep sea mining sites begin operating in the early 2030s, the revenues that states would actually receive are extraordinarily small.
Using proposals submitted by the ISA’s Finance Committee between 2022 and 2025, the returns to states barely register in national accounts. After administrative costs, institutional expenses, and compensation funds are deducted, little, if anything, remains to distribute.
By contrast, the private sector would capture the overwhelming share of economic value. While net profits for private companies are not assured, given the high capital and operating costs of deep sea mining, the report illustrates a structural asymmetry. Private actors internalise the upstream value, while public benefits remain narrow, uncertain and deferred. Related News
Breitling has been announced as Official Watch Partner of ultra luxury British automotive manufacturer Aston Martin, marking a compelling collaboration between two brands born from a fascination with speed and a meticulous attention to detail. Aston Martin and Breitling have joined forces to re-establish a connection that has been shared throughout history, with their stories moving in parallel for over a century. The collaboration will span the worlds of design, engineering, and speed, culminating in the launch of its first timepiece in Q3 2026. Related News
European airlines are operating in a landscape where carbon compliance costs are rising, fuel price volatility remains structurally high and long-term abatement options such as Sustainable Aviation Fuel (SAF) are still scaling. At the same time, regulatory clarity is improving and the carbon market toolkit available to aviation professionals is more developed than at any point in the past decade.
The most resilient airlines are approaching decarbonisation not as a single obligation, but as a portfolio of risks and opportunities. EU ETS, CORSIA, SAF credits, voluntary carbon markets and jet fuel hedging each address different dimensions of the challenge. When used together, they can improve cost visibility, support compliance and create flexibility during the transition.. Related News
Plans to prohibit the import of second-hand petrol and diesel vehicles from 2030 have been ditched by the Jersey Environment Minister.
Addressing the States, Steve Luce revealed that responses demonstrated “the inclusion of used vehicles in this policy is clearly not widely supported”. He acknowledged that “affordability” for motorists played a crucial role in the decision. Politicians had previously signed off on phasing out all petrol and diesel vehicles as part of Jersey’s Carbon Neutral Roadmap, mirroring the UK’s approach. Luce explained the U-turn wasn’t solely based on public opinion, but was also shaped by a preliminary economic impact assessment he’d received. Related News
Shareholder activists have criticised Santander for “quietly diluting” targets to cut planet-heating emissions driven by the financing of fossil fuel and aviation firms. The banking group said it had updated its climate alignment targets to reflect the “real pace of transition” to a greener future.
Changes to its climate policy include dropping a previous target to reduce all emissions associated with its financing of the oil and gas sector. This has been replaced by a new target that covers so-called Scope 1 and Scope 2 emissions, while Scope 3 emissions are no longer subject to specific targets.
Scope 3 emissions are all carbon emissions that are indirectly generated by a business, such as from the use of goods that it sells. It accounts for the vast majority of greenhouse gas emissions. Related News
Mercedes-Benz Vans is presenting special editions of selected products. With its attractive, high-quality offerings for commercial users, Mercedes-Benz Vans is once again putting the focus on its customers and their requirements.
The special editions now being offered are based on the well‑established medium‑sized and large vans, the Vito and Sprinter – naturally also available in their respective electric versions. Each individual model comes with a specification package designed specifically to meet the needs of its future users: this supplements the basic configuration of each vehicle with frequently selected options, combining comfort, functionality and cost‑effectiveness – all at an attractive price. Related News
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