Liquefied Natural Gas and Oil: Prices
Commons · Question 119003 · Tabled 9 Mar 2026 · Department for Energy Security and Net Zero · Official record
Answered 17 Mar 2026
Question
Asked by Euan Stainbank
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
Answered by Michael Shanks, 17 Mar 2026
The 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 ...