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The Latest Breaking News from Energy

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

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

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

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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

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

Competition watchdog warns suppliers over soaring heating oil costs

Sudden volatility in the global oil trade has caused prices to spike by up to £100 in the past week alone.

Evening Standard

FTSE 100 Live 09 March: Markets slump as oil price tops $100, inflation fears mount

Global stock markets are deep in the red after the Brent Crude oil price this morning soared as high as $119 a barrel.

Evening Standard

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Oil Prices Hit $100 as Middle East War Threatens 20% of World Oil Supply

Crude oil prices hit $110 amid Middle East tensions, risking a global energy crisis. Discover how market volatility impacts global economies and energy supplies.

International Business Times UK

Trump says oil price spike is ‘very small price to pay for safety and peace’ as Iran war rages

On Sunday, oil prices surpassed the $100-a-barrel milestone for the first time in more than three-and-a-half years

The Independent UK

'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

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

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The Times of India

‘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.

Axios

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.

The Guardian - US

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 Independent UK

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

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news in one place.

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AAP

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.

The Guardian - UK

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 Independent 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

Evening Standard

£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

AAP

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.

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.

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