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The Latest Breaking News from Energy

Trump’s energy secretary once said gas prices would fall by summer - now he’s not so sure

The national average gas price hit $4.118 per gallon Tuesday

The Independent UK

Reeves hands Rolls-Royce £600m to develop UK’s first mini nuclear reactors

The Chancellor said driving forward nuclear power was ’more important than ever’ amid the Middle East crisis

The Independent UK

Reeves: Mini nuclear reactor deal ‘more important than ever’ amid Iran crisis

The Chancellor said driving forward nuclear power was ‘always the right thing to do’.

Evening Standard

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UK clears Wylfa nuclear project: 8,000 jobs, first SMR reactors to power 3 million homes

The UK government has approved the start of work on a new nuclear power project at Wylfa, marking a significant step in its push for energy security and low-carbon power generation.

The Times of India

Can Péter Magyar break Hungary’s reliance on Russian oil?

Péter Magyar, the expected future Hungarian prime minister, won the general election in a landslide, unseating outgoing Viktor Orbán after 16 years in power and raising questions about whether Budapest will move away from Russian energy.

Euronews

Anthony Albanese Defends $20M ‘Drive Less’ Ad Campaign Amid Fuel Crisis

The Albanese government is defending a $20m “Every little bit helps” campaign urging Australians to drive less amid the fuel crisis.

Pedestrian.tv

Richest state could fuel up for 'tough' times

A cashed-up state government could build its own emergency fuel reserve while still expecting to receive its cut of the national stockpile.

AAP

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Ed Miliband hold firm! North sea oil and gas drilling won’t help anyone other than Nigel Farage

It’s worrying to watch Labour entertain Reform’s fantasies about fossil fuels. Only renewables will bring lower bills and higher energy security, says Guardian columnist Zoe Williams

The Guardian - UK

How Sizewell C nuclear project can help UK ‘take back control of energy supply’ amid volatile market

Ministers say Sizewell C could supply six million homes with nuclear energy, reducing England’s reliance on foreign fossil fuel imports

The Independent UK

Exclusive: Record funding for fusion power lands as Trump eyes cuts

The split-screen approach underscores tensions in the administration's energy strategy.

Axios

Truckies blast out loud warning over rising fuel costs

Truck drivers feeling the pinch of expensive fuel bills are demanding corporations pay their fair share by taking them to the industrial umpire.

AAP

State seeks oil-drilling project in 'national interest'

A state premier is urging the federal government to fast-track approval to drill for oil in response to the fuel crisis, bypassing environment protection laws.

AAP

2 Energy Stocks That Are Quietly Winning This Crisis

These two energy giants are quietly outperforming as the oil shock reshapes markets.

Barchart

6 things Australia should do to tackle the energy crisis rather than just building bigger fuel reserves

The three-page fuel plan the Australian government released last week was very light on detail. So too was Prime Minister Anthony Albanese’s address to the nation. This week, Energy Minister Chris Bowen moved to reassure Australians their fuel supply was safe “well into May”.

The Conversation

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AAP

Australia turns to key partner to lock in fuel supply

Australia will try to secure more fuel supply when Anthony Albanese jets off for talks with his Singaporean counterpart.

Euronews

How long can the EU’s oil reserves last?

The 400 million barrels of oil released by the International Energy Agency — of which 92 million barrels were contributed by 20 EU countries — could last about five months, according to analysts. The bloc also relies on storage reserves.

Evening Standard

Energy experts call for Jackdaw gas field to be approved

It is understood Energy Secretary Ed Miliband has not reached a decision.

Euronews

Inside the struggle to build Europe’s largest solar farm as €916 million project hit with delays

Politicians say that renewables must play a ‘central role’ in strengthening energy security, but a huge solar farm has been met with resistance.

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Euronews

Russia to send second oil tanker to Cuba as energy crisis continues, Moscow says

Cuba produces barely 40% of its required fuel and relies on imports to sustain its crumbling energy grid.

The Independent UK

Moscow plans to send 2nd oil tanker to Cuba, Russian energy minister says

Russia plans to send a second oil tanker to Cuba, according to Energy Minister Sergei Tsivilyov

Euronews

Will the Iran war threaten the EU's green transition?

The European Union's climate ambitions could be delayed as the war against Iran is driving energy prices through the roof and raising questions of supply security. EU leaders maintain the conviction that the path to energy independence lies in more clean power and less reliance on fossil fuels.

Euronews

Russian oil tanker docks in Cuba after US allows passage despite energy blockade

Cuba used to receive most of its oil from Venezuela, but those shipments were halted ever since the US attacked the South American country and arrested its leader Nicolás Maduro in early January.

Evening Standard

Starmer holds emergency meeting over cost of Iran war as energy bills set to 'rise by £288' in summer

Chancellor Rachel Reeves has already indicated that targeted help for poorer households could be available if bills continue to rise

Evening Standard

Energy bills predicted to surge by £288 a year from July as rise ‘unavoidable’

Cornwall Insight’s latest forecast for the price cap now stands at £1,929, which is £44 lower than its prediction earlier this month.

The Independent UK

Energy bills still forecast to rise nearly £300 in summer, households warned

The price cap could hit nearly £2,000 in July, a respected forecaster has said

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