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The Latest Breaking News from Energy

Which Labour MPs and ministers are backing Andy Burnham to replace Keir Starmer?

The former minister could run for the Labour leadership uncontested after his return to the Commons

The Independent UK

Trump Warns of Fuel Collapse Without Iran Deal Weeks After Boasting US 'No Longer Needs Middle Eastern Oil'

President Trump warns of a global oil crisis at the G7 summit, contradicting earlier claims of US energy independence. The crisis stems from Iranian disruptions and declining US oil reserves.

International Business Times UK

Federal regulators order grid operators to speed power to energy-hungry AI data centers

Federal regulators have ordered regional grid operators to help large energy users connect more quickly to the nation's inefficient and aging electric transmission system

AAP

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Federal regulators back Trump's plan to speed power to energy-hungry AI data centers

Federal regulators have agreed to let large energy users connect more quickly to the nation's inefficient and electric transmission system to accommodate surging demand from power-hungry artificial intelligence data centers

AAP

Europe explores energy security alternatives after Iran war's turmoil

The Iran war's impact on global fuel prices has pushed Europe to explore alternative trade and energy routes

AAP

New electricity rates put off until review

Authorities have postponed a plan to impose higher electricity rates on large households with heavy consumption, citing the need to revise how power bills are calculated, says Energy Minister Akanat Promphan.

Bangkok Post

Senate committee approves public land reauthorization fund

Congress is hopeful that the popularity of U.S. national parks and other public lands can translate into bipartisan support for a deferred maintenance fund whose reauthorization expired last year. The Senate Energy and Natural Resources Committee on Wednesday approved a bill to reauthorize a fund providing $1.9 billion annually over…

Roll Call

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Labour accused of ‘destroying’ North Sea jobs ahead of Aberdeen by-election

Shadow energy secretary Claire Coutinho claimed Deputy Prime Minister David Lammy is more willing to take oil from Russia or Qatar than Aberdeen.

Evening Standard

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

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

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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.

International Business Times

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.

AAP

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.

The Independent UK

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

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The Independent UK

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

IN FULL

The Economic Times

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…

Evening Standard

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

MarketBeat

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

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.

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