The Latest Breaking News on Energy

The Ukraine war and a global drought are driving an unexpected surge.

European Union energy ministers will attempt to approve new bloc-wide measures to pull down soaring gas and power prices at an emergency summit on Sept. 30, after Brussels announces the proposals this week.

The city of Copenhagen, often celebrated as one of the world’s greenest for its cycling culture and other initiatives, recently defaulted on its pledge to become carbon-neutral by 2025. This early failure in the global race to net zero emissions (a balance between CO₂ emitted and absorbed) may foreshadow backtracking…

Chancellor Olaf Scholz invoked the spirit of the Berlin Airlift on Tuesday to implore Germans that "the seemingly impossible can succeed", urging them to brace for a tough winter and to rise to the challenge of a shift in energy supply away from Russian gas.

The new Chancellor Jeremy Hunt today confirmed he will scale back the Energy Price Guarantee from next April. Here is everything you need to know about the scheme and how it will affect your bills

Group of activists file supreme court case demanding stronger action on meeting Paris accord goals

As world leaders prepare for a meeting of UN general assembly, the raging war of narratives shows no sign of abating

Draft regulation includes windfall tax on ‘surplus’ profits from oil and gas companies

Egypt’s trade deficit declined by 12.4% year-on-year (YoY) in June, according to data released on Monday by the Central Agency for Public Mobilization and Statistics (CAPMAS). The monthly bulletin revealed that the deficit value of trade balance reached $3.21 billion in June, down from $3.66 billion for the same month…

Brazilian President Jair Bolsonaro's move to sharply cut taxes on fuels, particularly gasoline, to boost his reelection chances has squeezed ethanol's profit margins and is expected to lead mills to shun the biofuel and focus strongly on sugar.

Fuel prices are set to jump by 25 cents a litre later this month — but the European energy crisis could send the price of diesel fuel even higher, says an energy economist.