The forthcoming Spring Forecast from the Office for Budget Responsibility (OBR) is highly anticipated amidst significant developments in global energy markets. Recent surges in liquefied natural gas (LNG) and oil prices, including a more than 40% increase in LNG costs, followed events such as Qatar's state-run energy firm halting production and the temporary shutdown of units at Saudi Arabia's Ras Tanura oil refinery due to reported attacks by Iran. Economists project that these elevated energy prices are expected to boost inflation, a key focus for the forecast. Chancellor Rachel Reeves is scheduled to deliver a statement related to the Spring Forecast, which will be published alongside the OBR's detailed economic projections.
Source: https://www.theguardian.com/business/live/2026/mar/03/spring-forecast-rachel-reeves-statement-economic-plan-obr-oil-gas-stock-markets-live-updates
