UK diesel prices just jumped after fresh US/UK sanctions targeting Russian oil producers — and the knock-on could be big. In this week’s UK Energy Show, we break down the two-tier oil market (sanctioned barrels stuck “on the water” vs freely traded supply), why diesel is the pressure point, and how Lukoil’s asset sale and Petrofac’s collapse play into UK energy, jobs, and prices. We also dig into North Sea politics (Rosebank & Jackdaw), the Tony Blair Institute’s call to slow the 2030 clean-energy push, and why electricity stays high when gas is ~6p/kWh but power caps at ~26p/kWh.
 
What you’ll learn
How tougher secondary sanctions can squeeze legal supply and lift UK diesel
Why India’s pivot to non-Russian barrels tightens the “free” market
The real-world impact: pump prices, logistics costs, and your weekly shop
Lukoil (refinery sales) & Petrofac (administration): signals vs realities
Brent vs dated Brent: the price that actually matters for North Sea flows
Rosebank/Jackdaw economics, Equinor’s role, and UK competitiveness
 
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