Written Question·Department for Energy Security and Net Zero·UIN 119003
Liquefied Natural Gas and Oil: Prices
Tabled: 9 March 2026
Answered: 17 March 2026
Question
Euan Stainbank
Labour — Falkirk
To ask the Secretary of State for Energy Security and Net Zero, what assessment his Department has made of the impact of the escalation of conflict in the Middle East on UK oil and liquefied natural gas prices.
Answer
Michael ShanksThe Department is closely monitoring the ongoing conflict in the Middle East and the impacts for global oil and gas markets. We assess that between February 27th and March 10th, global oil prices (Brent crude) have risen over 20% and gas wholesale prices ...
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