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The Latest Breaking News from Energy

Residents to get no-interest loans for energy upgrades

Hundreds of millions of dollars in state government funding will help residents access zero-interest loans to upgrade their home with lower energy alternatives.

AAP

Madhya Pradesh set to emerge as a major nuclear power hub in country: Official

Madhya Pradesh is becoming a significant nuclear power center. Projects totaling 7,000 MW are underway, with more private sector proposals being considered. This development aligns with national goals for clean energy. The state's proactive approach is attracting new nuclear power projects, positioning it as a key hub for future energy…

The Economic Times

U.S. energy secretary says 7 million barrels of oil exiting Persian Gulf daily, but Chevron CEO rebuts the claim

Middle Eastern oil flows are rising, but U.S. crude stockpiles are still depleting.

Fortune

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Trump Hands Democrats Election Gift With Shock 'I Love the Inflation' Remark as Cost-of-Living Crisis Hits Three-Year High

US President Donald Trump's 'I love the inflation' remark has ignited political controversy as inflation reaches a three-year high, impacting American households amid ongoing Middle East conflicts.

International Business Times UK

Energy Secretary Says Traffic Through Strait Of Hormuz Is Rising 'Very Meaningfully' Despite Lack Of Deal

Energy Secretary Chris Wright said traffic through the Strait of Hormuz is rising "very meaningfully" despite the lack of an agreement with Iran.

International Business Times

Miliband urged to visit Aberdeen amid oil and gas ‘extinction’ accusation

The Aberdeen South by-election has been called after former SNP Westminster leader Stephen Flynn was elected to Holyrood.

Evening Standard

BP says it paid £1.2bn in UK taxes last year amid Government plans to raise more

The energy firm said the total amount of taxes paid in 2025 include £422 million raised from the energy profits levy.

Evening Standard

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Rosneft Chief Says US Energy Firms Gain From Strait Of Hormuz Closure Amid Global Oil Disruption

The comments came at Russia's flagship economic forum as governments and energy producers continue to grapple with supply disruptions linked to the Middle East conflict.

International Business Times

Fuel stocks look secure into August as price hike eases

The nation's fuel reserves are flush as petrol prices at the bowser continue to drop, but motorists could be in for a shock when the excise discount ends.

AAP

Energy Department says advanced nuclear reactor first to reach critical milestone

The Energy Department says a small nuclear reactor under development at a national lab has reached a crucial milestone that could allow it to produce electricity in the next few years

The Independent UK

Martin Lewis explains how UK households can save money ahead of July energy bill rise

IN FULL

The Independent UK

Trump unveils $700 million coal support plan using emergency powers

President Donald Trump is using emergency powers to boost the US coal industry. Nearly $700 million will fund upgrades to power plants and new export facilities. This move aims to lower living costs and ensure energy security. Asian nations are reportedly seeking Wyoming coal. Environmental groups oppose the plan, citing…

The Economic Times

Trump takes fresh tilt at ‘windmills’ while announcing cash boost for US coal

The president has long voiced his opposition to turbines and been a stern critic of Britain’s energy stance

Evening Standard

X-Energy Q1 Earnings Call Highlights

X-Energy (NASDAQ:XE) used its first earnings call as a public company to outline progress on its advanced nuclear reactor and fuel businesses, while reporting higher first-quarter revenue and grant income tied to its federal cost-share program. The company began trading on the Nasdaq on April 24 an

MarketBeat

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The Economic Times

Putin's 'Russian Davos' opens with US guests as economy slows and war drags on

Russia hosts its premier investment forum in Saint Petersburg. The event includes prominent figures from the United States and Germany. This gathering occurs as Russia faces economic stagnation and ongoing conflict in Ukraine. The forum aims for pragmatic dialogue on a stable future. Discussions will cover energy, artificial intelligence, and…

AAP

The UK government has set a target of an 87% cut in carbon emissions by 2042

The British government is sticking to its net-zero goal despite global conflicts affecting energy supplies

The Economic Times

Dalal Street Week Ahead: Nifty stuck in consolidation zone; 23,800 remains key breakout hurdle

Markets experienced volatility and ended the week with a modest loss, primarily due to MSCI rebalancing flows. Nifty consolidated within a range, with immediate resistance at 23,800 and support at 23,300-23,400. Traders are advised to maintain a selective approach and protect gains.

International Business Times UK

Desperate British Retailers Suffer Sudden Private Sector Contraction As Struggling Families Pull Back Spending

The government reported troubling findings for the fashion industry last month, with the Iran war and rising current and future energy costs driving up pressure on production and supply chains.

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The National (Scotland)

GB Energy 'splashes' millions in taxpayer cash to be 'told how to do its job'

GB Energy is handing out millions in taxpayer cash to private consultancy firms to tell it 'how to do its job', The National can reveal

The National (Scotland)

GB Energy 'scandal' blasted yet again as latest staffing numbers revealed

Labour have been slammed yet again over the 'scandal' of GB Energy after the latest figures revealed the vast majority of staff it has hired are not…

Evening Standard

Scots warned of ‘devastating’ impact of energy bill hike

People are already struggling to pay their bills at the lower rate, charities have warned, after a 13% price hike was announced.

The National (Scotland)

Climate campaigners slam 'insatiable greed of energy giants' as UK price cap rises

Climate campaigners have reacted angrily to the new energy price cap rise, slamming the 'insatiable greed of energy giants'

The Independent UK

Rachel Reeves urged to ‘act now’ to save poorest from pain of rocketing winter energy bills

Donald Trump’s Iran war is blamed for continued volatility in global energy markets, which has led to higher wholesale gas prices

Evening Standard

Minister rejects Blair’s triple lock warning as ex-PM calls for ‘coherent plan’

Dan Tomlinson said ‘things have moved on’ since the ex-Labour leader was in No 10.

AAP

Energy bills in Britain surge higher on Iran war impact

Soaring wholesale gas prices caused by the Iran war is punishing British households with power price rises of more then 10 per cent.

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