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The Latest Breaking News from Energy

'A Good Thing' — Leavitt Defends Spiking Gas Prices on Fox News Even as Brent Crude Hits $84 a Barrel

White House press secretary Karoline Leavitt defends rising petrol prices in the US, citing the Iran conflict as a temporary disruption for long-term energy market benefits

International Business Times UK

Trump's energy chief blames oil price spike on market fear

Gas is up 47 cents a gallon in one week.

Axios

Energy woes deepen as Trump team looks to soften blow

Oil and gasoline prices are marching upward again Friday, even as Trump administration officials seek ways to get more barrels into the market.

Axios

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Seven EU ministers ask Commission to keep rules on energy pricing and invest more in clean power

Energy ministers from Denmark, Finland, Latvia, Luxembourg, the Netherlands and Portugal are concerned that the EU executive might change market rules, claiming the decision would undermine investments in clean power. Fears for the future of the bloc's carbon market are also growing.

Euronews

Sisterhood of Energy: how a company volunteer scheme is empowering young women in Bolivia

The charity work of Siemens Energy colleagues Laura Sandoval and Andrea Nicole Arispe is giving young women the chance to be independent and pursue careers in science, tech and engineering

The Guardian - UK

‘Free flow of energy’: Donald Trump orders US Navy to escort tankers through Strait of Hormuz

President Trump has ordered the US Navy to escort oil tankers through the Strait of Hormuz if needed and directed a federal agency to offer political risk insurance for maritime trade in the Gulf. This immediate action aims to guarantee the uninterrupted global energy supply amidst escalating Middle East tensions.

The Times of India

Oil prices surge as Trump team readies to "mitigate" costs

Crude oil prices are at their highest levels since the military campaign against Iran after climbing again overnight and Tuesday morning.

Axios

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Democrats urge dropping plan to double gas exports as US energy prices soar

‘Policies are not putting America first,’ letter says to energy secretary as Trump’s repeated pledges to slash utility bills

The Guardian - US

Feds give record $27B in loans for utility expansion in Georgia and Alabama

Federal energy officials say they will loan a record $27 billion federal loan to Georgia Power and Alabama Power to expand electricity supply

The Independent UK

The 'stealthy' price-setter of Australian energy bills

Australians wondering why they are paying more for power should be looking to pricey gas and dubious energy retailer conduct, the Climate Council says.

AAP

High energy prices threaten UK’s status as manufacturing power, business groups say

CBI and Energy UK report finds 40% of firms have cut investment as electricity costs remain far above pre-Ukraine levels

The Guardian - UK

US military airlifts small reactor as Trump pushes to quickly deploy nuclear power

The Pentagon and the Energy Department have airlifted a small nuclear reactor from California to Utah, demonstrating what they say is potential for the U.S. to quickly deploy nuclear power for military and civilian use

The Independent UK

£1 billion government investment in community energy projects will 'drive down' bills across London

Social clubs, places of worship and community centres will be able to bid for funding for clean energy generation under plans announced last week

Evening Standard

Record jail sentence for attempted reptile smuggler

An Australian man has been hit with a record jail sentence after attempting to smuggle hundreds of live reptiles across the world.

AAP

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Evening Standard

Trump slates clean energy deal between Miliband and California governor

The Energy Secretary and California governor Gavin Newsom met at the Foreign Office on Monday.

Evening Standard

Investment in subsea cable network to create thousands of green jobs

The upgrade of the 113 cables linking Scottish islands is expected to support the decarbonisation of island-based industries such as distilleries.

The Independent UK

US military airlifts a nuclear reactor across three states after Trump pushes for more of the energy source

The ‘next-generation’ reactor could potentially power up to 5,000 homes, the Pentagon announced

The Independent UK

Britain strengthens ties with California as new clean energy and climate agreement signed

Miliband and Newsom signed the agreement at the Munich Security Conference on Monday

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The Times of India

‘Very good relationship’: Donald Trump to visit Venezuela as US recognises interim government

President Trump announced plans for a visit to Venezuela, stating the US has a "very good relationship" with the country's interim leader, Delcy Rodriguez. This comes as the administration eased sanctions on Venezuela's oil sector, authorizing transactions for major energy companies and sending medical supplies to aid the nation's recovery.

Barchart

Investors in Search of Alpha Are Fleeing Tech Stocks for These 3 High-Yield Sectors Instead

Our senior market strategist explains the secular sector rotation taking place in the market right now.

Euronews

‘Attractive for sabotage’: Is transforming the North Sea into a green energy hub a security risk?

Europe must bolster its underwater security after unveiling its most ambitious offshore wind project yet, warn security experts.

The Independent UK

Oil giant tells Trump it’s ‘too expensive’ to reinvest in Venezuela despite president’s urging

The French multinational energy company had left Venezuela in 2022 but, along with others, faced pressure to return from Trump following the U.S. military operations to capture the ousted president Nicolas Maduro on January 3

The Independent UK

US Energy Secretary Chris Wright visits Venezuela to assess oil industry overhaul

The US government steps deeper into Venezuela’s oil overhaul as Energy Secretary Chris Wright visits to assess the industry

Euronews

Europe lost out on 3.8mn tonnes of Kazakh oil after Black Sea attacks

Kazakhstan’s oil exports fell after Ukrainian drone attacks and stormy weather hampered operations at the Caspian Pipeline Consortium’s marine terminal in Novorossyisk. Its major oil field Tengiz also suffered an outage in January.

The Independent UK

Israeli minister calls West Bank measures 'de facto sovereignty,' says no future Palestinian state

Israel's energy minister says the government's new measures in the West Bank aim to implement "sovereignty de facto."

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