The Conservative party victory in the UK’s May 7 general election has removed one uncertainty for the energy sector, only to replace it with another. ›

While OPEC reportedly believes oil will stay below $100 per barrel over the next decade, strategist Helima Croft on Monday said $100 oil is not entirely off the table during that time.

She thinks crude can shoot back up if there is a major supply disruption in a Middle Eastern country.

“You’ve got four wars going on there,” the chief commodities strategist of RBC Capital Markets said

“So I would think it would be geopolitics that would push prices higher.”

The OPEC prediction was revealed in a draft report by the cartel, seen by The Wall Street Journal.

Its most ›

The “substantial” weather event may lead to drought in Australia and heavy snowfall in the UK, meteorologists say.

A significant rise in water temperature in the Pacific Ocean is likely to have a major impact on the world’s weather over the coming months, Australian experts have warned.

The Australian Bureau of Meteorology said the eastern Pacific is in the early stages of a “substantial” El Nino event, the first in five years.

The rising water temperature alters wind and rainfall patterns and is likely to lead to drought in Australia, drier conditions in Papua New Guinea and Indonesia, and floods ›

The UK’s power generation surplus is forecast to drop below 10GW for the first and only time this summer during week 24, according to the latest data from system operator National Grid. ›

The UK’s Labour Party is the most likely major political party to banish the country’s controversial carbon tax on power generators if its wins the forthcoming general election on 7 May, according to a leading UK energy policy expert. ›