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The Latest Breaking News from Energy

How long can the EU’s oil reserves last?

The 400 million barrels of oil released by the International Energy Agency — of which 92 million barrels were contributed by 20 EU countries — could last about five months, according to analysts. The bloc also relies on storage reserves.

Euronews

Energy experts call for Jackdaw gas field to be approved

It is understood Energy Secretary Ed Miliband has not reached a decision.

Evening Standard

Inside the struggle to build Europe’s largest solar farm as €916 million project hit with delays

Politicians say that renewables must play a ‘central role’ in strengthening energy security, but a huge solar farm has been met with resistance.

Euronews

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Russia to send second oil tanker to Cuba as energy crisis continues, Moscow says

Cuba produces barely 40% of its required fuel and relies on imports to sustain its crumbling energy grid.

Euronews

Moscow plans to send 2nd oil tanker to Cuba, Russian energy minister says

Russia plans to send a second oil tanker to Cuba, according to Energy Minister Sergei Tsivilyov

The Independent UK

Will the Iran war threaten the EU's green transition?

The European Union's climate ambitions could be delayed as the war against Iran is driving energy prices through the roof and raising questions of supply security. EU leaders maintain the conviction that the path to energy independence lies in more clean power and less reliance on fossil fuels.

Euronews

Russian oil tanker docks in Cuba after US allows passage despite energy blockade

Cuba used to receive most of its oil from Venezuela, but those shipments were halted ever since the US attacked the South American country and arrested its leader Nicolás Maduro in early January.

Euronews

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Starmer holds emergency meeting over cost of Iran war as energy bills set to 'rise by £288' in summer

Chancellor Rachel Reeves has already indicated that targeted help for poorer households could be available if bills continue to rise

Evening Standard

Energy bills predicted to surge by £288 a year from July as rise ‘unavoidable’

Cornwall Insight’s latest forecast for the price cap now stands at £1,929, which is £44 lower than its prediction earlier this month.

Evening Standard

Energy bills still forecast to rise nearly £300 in summer, households warned

The price cap could hit nearly £2,000 in July, a respected forecaster has said

The Independent UK

'Plug-in' solar panels could be available in shops and supermarkets within months as part of government push to cut energy bills

'Plug-in' solar panels could be available in shops within months

Ideal Home

G7 pledges to take 'all necessary measures' to safeguard energy market amid war in Iran

G7 countries said they are ready to take “any necessary measures” to preserve stability in the energy market through coordinated action. However, no specific measures have been announced at this stage.

Euronews

Starmer to meet business leaders as Trump considers invading Iranian island

Bosses from energy firms including BP and Shell and representatives from shipping and banking firms will meet Sir Keir Starmer.

Evening Standard

Energy Lockdown Warnings Grow as Australia Announces Temporary Fuel Excise Cut

While officials insist Australia is not facing an immediate shortage, the government's latest move underscores how quickly the crisis is forcing nations to balance economic relief.

International Business Times UK

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Evening Standard

Starmer to meet business leaders amid Hormuz blockade

The Prime Minister is expected to meet senior representatives from the energy, shipping and financial services industries.

Evening Standard

Kemi Badenoch to launch ‘Get Britain Drilling’ campaign amid living cost hikes

The Conservatives will put the campaign at the heart of their proposals for bringing down the spike in energy prices.

Fortune

An uneasy mix of celebration and anxiety dominates the ‘Davos of energy’ as the month-long Iran war further disrupts the global economy

The longer the Iran war lasts the more long-term demand destruction, inflation, and a global recession take hold.

Barchart

Nvidia Is Doubling Down on the Energy Industry with SLB. Does That Strengthen the NVDA Bull Case Now?

Nvidia has expanded its partnership with the energy company to build AI infrastructure for the sector.

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Latin Times

Russia Confirms It's Sending Oil To Cuba In Defiance Of U.S. Blockade: 'We Are Providing Humanitarian Support'

Russian Energy Minister Sergei Tsivilev confirmed that the country is sending fuel to Cuba, effectively defying the U.S. blockade on the island's private sector.

Axios

Instability rocks Houston energy summit as Iran war, AI jolt oil markets

It's a split screen of oil markets upended by the Iran war and an AI-supercharged power sector.

Evening Standard

Keir Starmer accused of bailing out those on benefits instead of reducing bills

Conservative leader Kemi Badenoch claimed the Prime Minister is at fault for rising energy costs.

The Independent UK

Energy executive tapped to replace Mullin in the US Senate after his DHS promotion

Mullin would have been up for reelection in November

Texas Observer

Climate Activists Confront Iran War Profiteering at Big Oil Confab in Houston

Meanwhile, the U.S. energy secretary tries to soothe an anxious American oil industry, urging them to ramp up production amid shock to global markets.

International Business Times UK

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.

The Independent 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

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