The Latest Breaking News from Energy

Petrol retailer group criticises ‘inflammatory language’ as staff face abuse

The Petrol Retailers Association had threatened to pull out of a meeting with Chancellor Rachel Reeves and Energy Secretary Ed Miliband.

Evening Standard · Mar 13

UK-Ireland summit held in Cork

The high cost of fuel and energy is expected to dominate discussions which will focus on energy links between Britain and Ireland.

Evening Standard · Mar 13

SPR drawdown might not be enough for consumers, Democrats say

President Donald Trump’s decision to draw crude oil from the Strategic Petroleum Reserve received little criticism on Capitol Hill Thursday, although Democrats expressed reservations that it would not do much to insulate Americans from global price volatility resulting from the war in Iran. Senate Energy and Natural Resources ranking member…

Roll Call · Mar 13

Fuel supply boosted as oil price threatens record highs

The government has temporarily lowered Australia's fuel quality standards to boost supplies as the war in the Middle East disrupts global markets.

AAP · Mar 12

International Energy Agency to release record oil reserves to calm markets

The conflict in Iran has halted shipments through the Strait of Hormuz and pushed the price of oil and gas sharply higher.

The Independent UK · Mar 11

Energy Secretary falsely claimed Navy escorted tanker through Strait of Hormuz – markets lost $84 million while he tried to backtrack

Gave the market false hope.

We Got This Covered · Mar 11

Confirmed, deleted, then clarified: US shifts stance on navy 'escorting' oil tanker in Strait of Hormuz

A US Energy Secretary's claim of escorting an oil tanker through the Strait of Hormuz was swiftly deleted and corrected by the White House, stating no such escort occurred. This caused market jitters, with oil prices fluctuating. Iran's Revolutionary Guards also refuted the assertion, calling it false. The Strait remains…

The Times of India · Mar 11

Deleted social media post from Trump’s energy secretary sends oil markets into frenzy: report

Earlier Tuesday, Energy Secretary Chris Wright wrote on X that the U.S. Navy had escorted an oil tanker through the Strait of Hormuz

The Independent UK · Mar 11

2 Energy Stocks to Watch as Strait of Hormuz Risk Spikes Oil Volatility

In this segment from Market on Close, Barchart Senior Market Strategist John Rowland explains why the real opportunity may not be in oil producers, but further down the supply chain.

Barchart · Mar 10

Newsletter: War fears, oil markets and EU energy battles

Also in this newsletter: Fico warns Slovakia may block EU's Ukraine loan if Orbán loses election.

Euronews · Mar 10