April 2026 – Week 4
As part of an expanded focus on real-time coverage, this live blog tracks developments across global energy markets, including electricity prices, oil and gas benchmarks, and renewable generation trends.
It is updated throughout the week with the most significant developments around energy and related markets with a sustainability lens.
Last week’s live blog can be found here.
Key developments we are tracking this week:
- Volatility across oil, gas and electricity markets
- Clean energy’s response to the energy crisis
- Policy shifts driven by the energy crisis
- Transition away from fossil fuels summit in Santa Maria, Colombia
Latest
Tuesday 28th of April 2026
11:10 GMT
Energy capacity: The data analytical company, Global Data has released data showing that Egypt is to undergo a rapid solar PV revolution.
The company is forecasting that the Middle Eastern country is to go from 2.9 gigawatts (GW) of solar PV capacity in 2025 to 34.3 GW by 2035.
Mohammed Ziauddin, Power Analyst at GlobalData explained about their research:
Solar PV is emerging as the dominant growth driver in Egypt’s power sector, supported by strong resource availability, improving project economics, and sustained policy support. Its scalability and cost competitiveness make it well suited to meet rising electricity demand, while complementary technologies continue to support system stability.
10:55 GMT
Oil price: Oil futures continued to climb Monday afternoon and Tuesday morning with Brent Crude $112/bbl and WTI crossing the $100 mark at $100/bbl.
Monday 27th of April 2026
17:30 GMT
Energy security: The UK’s energy minister Michael Shanks have doubled down on the role of clean energy in boosting energy security.
Shanks argued:
Building a decentralised power system with a whole series of assets is less of a risk of physical attack than large-scale power stations. Moving towards clean power is the best way to deliver our energy security in an increasingly uncertain world.
17:25 GMT
Financial markets: The share price of the oil and gas major BP have surged by 20%. This is the largest rise in the share price amongst any of the oil and gas majors since the war in Iran began.
12:50 GMT
Oil price: Goldman Sachs has upgraded its oil futures price signalling high oil prices could persist for the remainder of the year. The bank predicts Brent Crude and WTI to trade at $90/bbl and $83/bbl respectively in Q4 – the last quarter of 2026.
10:50 GMT
Electricity generation: Insights from Ember’s 2025 Global Electricity Review shows that due to new renewable energy capacity coming online combined with favourable weather conditions, in India, it’s fossil fuel generation dropped by over 3%.
10:35 GMT
You can catch up last week developments below:
Sunday 26th of April 2026
23:40 GMT
Oil price: In early trading as Asian markets opened Monday morning, the oil futures price surged.
Brent Crude and WTI is up more than 2% at $108/bbl and $97/bbl respectively.
Our crude oil data page below, tracks the oil futures daily:
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