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The Latest Breaking News from Energy

The Oil Crisis You Haven't Heard About: Why Vietnam, Bangladesh, and the Philippines Face an Energy Emergency

The US-Israel-Iran conflict impacts global oil markets, causing fuel shortages in Southeast Asia. Discover how Vietnam, Bangladesh, and the Philippines manage the crisis and its effect on supply chains and oil prices.

International Business Times UK

UK warned it must ‘urgently’ drill in North Sea to boost oil and gas supplies

A new report from OEUK urges the British Government to safeguard the nation's energy supply amid global instability

The Independent UK

Heat pumps for all new homes and shops to get plug-in solar in green tech push

It is the latest in a series of announcements from the Government doubling down on its clean energy drive in response to the Iran war.

Evening Standard

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Lidl to sell plug-in solar panels in government push to cut energy bills

Shoppers could soon see solar panels in the ‘middle of Lidl’ aisle as the government pushes green energy in response to soaring fossil fuel prices

The Independent UK

Over 400 million barrels will be added to the oil market soon – what are strategic reserves and what can they do?

In the second week of the Iran war – with the Strait of Hormuz effectively closed, cutting off shipping of 20% of the world’s oil supply – the International Energy Agency announced the largest release of strategic oil reserves in history. Thirty-two countries will sell a combined 412 million barrels…

The Conversation

Keir Starmer to chair Cobra meeting after Donald Trump call on Iran crisis

The Prime Minister and the US president agreed reopening the Strait of Hormuz was ‘essential’ to stabilise a global energy market.

Evening Standard

Keir Starmer to hold Cobra meeting as Iran war economic fears grow

Ministers will discuss energy security and the resilience of industry and supply chains.

Evening Standard

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No welcome mat for thirsty, energy-hungry data centres

Priority treatment will be afforded to water- and energy-conscious data centres, though some critics want stricter rules on technology companies.

AAP

Trump officials announce 10-gigawatt data center, gas plants for former Ohio uranium site

The U.S. Department of Energy has announced a public-private partnership with SoftBank and AEP Ohio to develop a massive artificial intelligence data center and power complex at a former uranium enrichment site in southern Ohio

The Independent UK

Labor considers windfall gas tax amid Iran price spike

A new tax on extraordinary gas profits caused by the Middle East conflict could raise an extra $27 billion per year for the federal budget, advocates say.

AAP

The 2 Top Energy Stocks to Buy Now for Shelter in the Oil Price Storm

As oil supply disruptions return to center stage, these two energy stocks could emerge as timely winners in a shifting market landscape.

Barchart

‘Sheer fantasy’: Why drilling the North Sea for oil won’t lower Europe’s soaring energy bills

Escalating conflict in the Middle East has emboldened calls for the UK to open up North Sea drilling licences.

Euronews

Iran war underscores risks of Trump's relentless focus on oil

The Iran war is underscoring the risks of President Donald Trump’s relentless focus on fossil fuels as he pursues what he calls American energy dominance

The Independent UK

Albanese government appoints fuel coordinator as ACCC investigates major suppliers’ conduct in regional Australia

The federal government has appointed Anthea Harris, former chief executive of the Australian Energy Regulator and of the Energy Security Board, as Coordinator of a new Fuel Supply Taskforce.

The Conversation

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Evening Standard

Ed Miliband calls for fairness in business energy contracts amid Iran crisis

Mr Miliband said pricing needs to be ‘fair, transparent and fully justifiable’.

The Guardian - AU

Australia is too dependent on fuel imports – what could be done about it?

The government has a roadmap to electrify transport and support alternative fuels by 2050, but the war in Iran and soaring prices means a plan is needed in weeks, not decades

The Guardian - AU

Morning Mail: crude spikes as Israel hits major gasfield, the driveways that ate Sydney, flight of the fashionistas

Tehran vows to strike at energy facilities after Israel hits main gasfield; study shows how housing redevelopments have halved the size of front yards

Fortune

Trump officials say gas prices will return to normal in ‘a few more weeks,’ but his own Energy Department says it will be 2027

Government projections don’t see gas prices falling below $3 per gallon until the end of next year.

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The Independent UK

UK homeowners to be allowed wind turbines in gardens amid energy crisis

The government continues to push clean energy in response to the current global energy crisis

The Independent UK

Government addresses ‘scaremongering’ over UK energy supplies

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Euronews

Can the Grids Package free the EU from its energy dependence?

US-Iran tensions disrupt Middle East energy routes, driving up oil and gas prices. After the 2022 energy crisis, Brussels launched the Grids Package. Can this plan cut Europe’s reliance on foreign energy?

Euronews

Why is the Strait of Hormuz critical to Europe?

The closure of the Strait of Hormuz is affecting energy prices for industries and households, but the vital trade passage also accounts for a significant share of fertiliser shipments, threatening long-term food production. Euronews' explainer goes through the main issues affecting the Strait.

Evening Standard

Fuel price surge continues as diesel reaches 160.3p per litre

Diesel is at its most expensive level since November 2023.

The Independent UK

Politics latest: Starmer warns energy companies to pass on ‘every penny of savings’ to customers amid price surge

The prime minister has set out tens of millions of pounds of support for vulnerable households struggling with energy bills

Euronews

Trump says he demanded 'about seven countries' to join coalition to police Iran's Strait of Hormuz

Trump says attacks on Iran could last several more weeks despite soaring energy costs. The US president says he is assembling a coalition to help police the Strait of Hormuz and escort stranded oil vessels out to address international energy supply crises caused by the war.

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