Energy

Households across England, Scotland, and Wales are on high alert today as energy regulator Ofgem is poised to unveil the new energy price cap. This crucial announcement, expected on Wednesday, will dictate how much typical households will pay for gas and electricity during the three months from ... Read full article.

America's Strategic Petroleum Reserve (SPR), the nation's emergency oil stockpile, has plummeted to its lowest level in 40 years. This critical decline is primarily attributed to ongoing withdrawals for the war with Iran, leading experts to issue stark warnings that the underground salt caverns ... Read full article.

The United States Strategic Petroleum Reserve (SPR) has reached its lowest level in over four decades, according to recent data from the Energy Department. As of Friday, the nation's emergency oil stockpile stood at 298.7 million barrels, marking the first time it has dipped below the 300 million ... Read full article.

Reports are circulating about a suspected Houthi rebel attack on a gas facility in Saudi Arabia's Jubail Industrial City, a key energy hub. A loud explosion was heard in the area early Sunday, leading to speculation that Yemen's Iran-aligned Houthi rebels were responsible. While Israeli media, ... Read full article.

The Trump administration has once again made headlines by securing a significant $1.2 billion deal with an offshore wind company, RWE, to abandon planned energy projects. This marks the fifth such agreement struck by the administration, bringing the cumulative total spent on these settlements to a ... Read full article.

The Trump administration has finalized a controversial 30-year nuclear agreement with Saudi Arabia, a deal critics warn could significantly increase the risk of nuclear weapons proliferation. This "123 Agreement," signed by Energy Secretary Chris Wright and Saudi Energy Minister Prince Abdulaziz ... Read full article.

Former US President Donald Trump has made a surprising intervention into the United Kingdom's energy policy debate, specifically concerning North Sea oil and gas drilling. His comments come just hours before Andy Burnham is set to take office as the new Prime Minister, adding an unexpected ... Read full article.

Power companies are raising rates during peak hours. Discover how home battery systems are your secret weapon to cut costs and power your future. Don't get caught paying more! The energy landscape is rapidly evolving, and a significant shift you might already be feeling is the move towards ... Read full article.

The Indian government has once again adjusted its windfall tax on crude oil, diesel, and aviation turbine fuel (ATF), implementing changes that will affect exports. This latest revision sees an increase in the special additional excise duty (SAED), commonly known as the windfall tax, on diesel and ... Read full article.

The future of AI is getting a massive power upgrade, and it's happening off the grid! Learn how innovative energy solutions are fueling data centers and shaping a more resilient, sustainable world. The hunger for artificial intelligence is insatiable, and it demands an enormous, constant supply of ... Read full article.

The government has recently shed light on the economics behind E20 petrol, clarifying that its production is currently costlier compared to pure petrol. This clarification comes amidst ongoing discussions about the nation's fuel strategy and the transition to E20.Despite the higher production cost, ... Read full article.

India is proactively bracing for potential energy challenges as the El Niño phenomenon brings uncertainty to weather patterns. The Power Ministry is preparing to issue a comprehensive advisory aimed at ensuring the nation's energy stability and preventing power disruptions during periods of high ... Read full article.

The global energy market is currently navigating choppy waters following significant geopolitical developments involving the United States and Iran. On Tuesday, the U.S. government announced its decision to revoke Iran’s license to sell crude oil, a move that analysts predict will have substantial ... Read full article.

Energy major Shell is reportedly experiencing a dual-edged situation, seeing a significant boost from surging oil prices while simultaneously grappling with disruptions to its gas production. This complex scenario is unfolding amidst the backdrop of ongoing geopolitical tensions, particularly those ... Read full article.

India has rolled back its emergency natural gas supply regulations, a move signaling renewed stability in energy markets. The Ministry of Petroleum and Natural Gas confirmed that most provisions of the Natural Gas (Supply Regulation) Order, 2026, have been removed. This decision comes as liquefied ... Read full article.

Former President Donald Trump has issued a stern call for the Department of Justice (DOJ) to launch an immediate investigation into what he terms "gasoline price gouging" by oil companies. This directive comes amidst growing public frustration over persistently high fuel costs, a significant ... Read full article.

The Energy Dept. is investing $17.5 billion in loans for up to 10 large nuclear reactors. Is this the definitive move towards a clean, stable energy future, or a high-stakes gamble? Let's dive in. We're at a pivotal moment in our energy trajectory, and a recent development from theEnergy ... Read full article.

Britain's National Energy System Operator (NESO) has issued a rare summer warning, calling for additional power generation as the country braces for record-breaking temperatures. This unusual plea highlights the immense strain the ongoing heatwave is placing on the national electricity grid.The ... Read full article.

Iran has made significant moves to solidify its control over the strategically vital Strait of Hormuz, a crucial choke point for global oil and gas shipments. In a bold declaration, Iran's chief negotiator, Mohammad Baqer Qalibaf, stated that the waterway would now be "administered by them," ... Read full article.

The UK is preparing for the upcoming winter with a forecast of sufficient electricity supply, even as households brace for potential energy cost increases amidst the backdrop of the Iran war. The National Energy System Operator (Neso) has provided an early outlook, reassuring the public that the ... Read full article.

Labour's Shadow Health Secretary, Wes Streeting, is setting out ambitious plans to fast-track major infrastructure projects across the UK, aiming to boost economic growth and tackle the country's energy challenges. In a speech scheduled for Tuesday, Streeting, who is seen as a potential future ... Read full article.

OWON will exhibit at EM-Power Europe 2026 in Munich, showcasing smart energy meters, HVAC control, and IoT building automation solutions. OWON Technologyis pleased to announce its participation in EM-Power Europe 2026, one of Europe’s leading exhibitions for energy management and integrated energy ... Read full article.

Oil prices took a sharp turn upward on Monday, surging more than 2% as tensions in the Middle East reached a new boiling point. The spike comes as Israel ordered its troops to push deeper into southern Lebanon, a move that has significantly escalated the ongoing conflict with the Iran-backed group ... Read full article.

The global energy market is on edge as new reports suggest a worst-case scenario could push oil prices to a staggering $200 per barrel by late 2026. A recent analysis by Wood Mackenzie warns that a prolonged closure of the Strait of Hormuz—a vital artery for the world’s oil supply—could trigger a ... Read full article.

The ambitious Sizewell C nuclear project in Suffolk is facing fresh scrutiny as the government’s spending watchdog issues a stern warning over its £38 billion price tag. While the plant is a cornerstone of the UK’s strategy for low-carbon energy, the National Audit Office (NAO) says the financial ... Read full article.

With the Iran war showing little signs of abating after two and a half months of hostilities and blockades, India faces a difficult situation ahead. In a conversation on India Today TV, renowned energy expert Anas Alhajji explains that crude oil is only the tip of the iceberg. He notes India is ... Read full article.

CNG prices in Delhi-NCR rose again on Sunday, marking the second increase in two days as global energy pressures continued to push up fuel costs in India. CNG prices were raised by Re 1 per kg from Sunday. In Delhi, CNG now costs Rs 80.09 per kg, while prices in Noida and Ghaziabad increased to Rs ... Read full article.

During PM Narendra Modi's visit to the UAE, two major MOUs were signed to boost India's energy security: agreements to build strategic petroleum reserves and to secure long-term LPG and LNG supplies. With India importing about 90% of its crude, these arrangements come as a shield against ... Read full article.

Oil prices have climbed on fears of a broader energy crunch as tensions around Iran and disruption in the Strait of Hormuz persist. Hopes for an end to the conflict involving Iran faded after President Trump failed to secure a commitment from China to help persuade Iran to reopen the Strait of ... Read full article.

Oil prices surged over 1% on Friday, snapping a three-day losing streak as renewed U.S.-Iran clashes raised fears about the Strait of Hormuz’s stability and the chances of reopening the crucial waterway. Brent crude futures rose to about 101.47 a barrel, up 1.41%, while U.S. West Texas Intermediate ... Read full article.

Japan has taken delivery of its first stockpile of oil from Russia since the Strait of Hormuz was disrupted by the Iran war. A Sakhalin-2 crude tanker reached Imabari in western Japan on May 4, 2026. Japan depends on West Asia for around 95% of its oil imports, and the move comes as Tokyo seeks to ... Read full article.

Tensions intensified in the Strait of Hormuz as Iran fired missiles and drones at vessels, and U.S. forces responded by sinking seven small boats in the waterway. The incident underscores how fragile a chokepoint that handles a large share of the world's oil flows has become, with shipping lanes ... Read full article.

Strait of Hormuz disruptions have underlined Europe’s exposure to energy imports and price swings. In response, some analysts say nuclear energy could offer a long-term hedge by reducing dependence on oil, but turning that idea into reality is far from simple. Building new reactors would demand ... Read full article.

Oil prices climbed toward $110 on Tuesday as hopes for a U.S.-Iran war resolution faded, keeping the Strait of Hormuz largely shut and restricting Middle East energy supplies. Brent crude for June rose 0.4% to $108.68 a barrel after a 2.8% gain in the previous session, marking seven straight ... Read full article.

The global energy shock deepens as tensions in the Strait of Hormuz push crude prices higher, and the United States feels the impact at the pump while fuel shortages worsen abroad, signaling a broader energy crisis unfolding. Markets watch a cascade of disruptions that suggest a wider energy crisis ... Read full article.

Adani Power has surged about 40.3% over the last month, trading around Rs 210.60 in early deals, as investors bet on the company’s growing role in India’s nuclear-energy push. The company disclosed that Adani Atomic Energy Ltd (AAEL), its wholly-owned arm, has formed two new subsidiaries: ... Read full article.

Oil prices edged higher Friday as traders weighed the potential for sustained disruption in the Strait of Hormuz amid uncertain diplomacy between the United States and Iran. Iran released footage showing commandos boarding a vessel, and regional military activity heightened concerns of a broader ... Read full article.

Oil prices held above $100 a barrel on Thursday as Iran seized two container ships seeking to exit the Gulf via the Strait of Hormuz, tightening its grip on a waterway through which around a fifth of daily global oil and LNG supplies once moved. Brent crude fell 15 cents to $101.76 a barrel after ... Read full article.

Lufthansa will cut 20,000 European short-haul flights over the summer as jet fuel prices surge amid the ongoing Iran conflict. The airline says the soaring fuel costs make many journeys unprofitable for the firm, with jet fuel having more than doubled in price since the conflict began and supply ... Read full article.

Karex, the Malaysia-based company that makes more than five billion condoms a year and supplies brands like Durex and Trojan, says it may raise prices by up to 30% or more if the Iran war continues to disrupt the raw-material supplies used in its products. The company's chief executive Goh Miah ... Read full article.

Prime Minister Narendra Modi will visit Rajasthan on Tuesday to dedicate India’s first greenfield integrated refinery-cum-petrochemical complex at Pachpadra in Balotra. This landmark project, developed as a joint venture between Hindustan Petroleum Corporation Limited and the Government of ... Read full article.

Oil prices surged over 6% on Monday, driven by renewed tensions around the Strait of Hormuz after exchanges of accusations between the U.S. and Iran. Brent crude futures rose to about $96.49 a barrel and U.S. WTI climbed to roughly $90.38, signaling market nerves as the world’s key energy ... Read full article.

Tensions around the Strait of Hormuz tightened again as Iran reimposed what it called strict control over the crucial waterway, a move that has observers watching for how it could affect global oil flows. In a late Saturday moment caught on camera, Trump spoke with reporters, insisting that talks ... Read full article.

Jet fuel reserves across Europe are tightening with a six‑week horizon that could derail summer travel. Fatih Birol, the director of the International Energy Agency, warns that the continent may see widespread flight cancellations if refueling options shrink further. The warning follows a period of ... Read full article.

Global crude oil markets are in a frenzy as a severe shortage drives intense competition for prompt deliveries. Physical oil prices have surged to unprecedented levels, with buyers vastly outnumbering sellers. This scramble, fueled by reduced Middle Eastern flows, is forcing refiners to consider ... Read full article.

Oil prices climbed again as markets weighed fresh attacks on Saudi energy infrastructure, ongoing disruptions in the Strait of Hormuz, and a fragile Iran-U.S. ceasefire. Brent crude rose to around $96.75 a barrel, while West Texas Intermediate hovered near $98.90 in early Friday trading. The ... Read full article.

Oil prices edged higher after fresh attacks on Saudi energy infrastructure and ongoing concerns about the Strait of Hormuz closing, keeping markets on edge even as a fragile ceasefire between the U.S. and Iran held. Traders priced in supply risks as energy assets in the Gulf faced ongoing ... Read full article.

Amid escalating tensions in West Asia and their ripple effects on global fuel supplies, Union Petroleum Minister Hardeen Singh Puri is slated to travel to Qatar for an official visit on April 9-10. Doha remains a key source of natural gas for India, making this trip strategically important as both ... Read full article.

New Delhi has announced its first Iranian crude purchase in seven years, signaling a renewed energy tie with Tehran. The deal arrives as global markets recalibrate, and officials say the purchase proceeds without any payment hurdles. Officials also dismissed reports that a cargo diverted to China ... Read full article.

In a notable maritime moment, the seventh India-flagged LPG tanker, Green Sanvi, has crossed the Strait of Hormuz this week, signaling a continued push by Indian shippers to maintain steady energy links despite regional tension. The voyage follows six other LPG carriers that have already made it to ... Read full article.