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The Latest Breaking News from Energy

BP says it paid £1.2bn in UK taxes last year amid Government plans to raise more

The energy firm said the total amount of taxes paid in 2025 include £422 million raised from the energy profits levy.

Evening Standard

Rosneft Chief Says US Energy Firms Gain From Strait Of Hormuz Closure Amid Global Oil Disruption

The comments came at Russia's flagship economic forum as governments and energy producers continue to grapple with supply disruptions linked to the Middle East conflict.

International Business Times

Fuel stocks look secure into August as price hike eases

The nation's fuel reserves are flush as petrol prices at the bowser continue to drop, but motorists could be in for a shock when the excise discount ends.

AAP

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Energy Department says advanced nuclear reactor first to reach critical milestone

The Energy Department says a small nuclear reactor under development at a national lab has reached a crucial milestone that could allow it to produce electricity in the next few years

The Independent UK

Martin Lewis explains how UK households can save money ahead of July energy bill rise

IN FULL

The Independent UK

Trump unveils $700 million coal support plan using emergency powers

President Donald Trump is using emergency powers to boost the US coal industry. Nearly $700 million will fund upgrades to power plants and new export facilities. This move aims to lower living costs and ensure energy security. Asian nations are reportedly seeking Wyoming coal. Environmental groups oppose the plan, citing…

The Economic Times

Trump takes fresh tilt at ‘windmills’ while announcing cash boost for US coal

The president has long voiced his opposition to turbines and been a stern critic of Britain’s energy stance

Evening Standard

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X-Energy Q1 Earnings Call Highlights

X-Energy (NASDAQ:XE) used its first earnings call as a public company to outline progress on its advanced nuclear reactor and fuel businesses, while reporting higher first-quarter revenue and grant income tied to its federal cost-share program. The company began trading on the Nasdaq on April 24 an

MarketBeat

Putin's 'Russian Davos' opens with US guests as economy slows and war drags on

Russia hosts its premier investment forum in Saint Petersburg. The event includes prominent figures from the United States and Germany. This gathering occurs as Russia faces economic stagnation and ongoing conflict in Ukraine. The forum aims for pragmatic dialogue on a stable future. Discussions will cover energy, artificial intelligence, and…

The Economic Times

The UK government has set a target of an 87% cut in carbon emissions by 2042

The British government is sticking to its net-zero goal despite global conflicts affecting energy supplies

AAP

Dalal Street Week Ahead: Nifty stuck in consolidation zone; 23,800 remains key breakout hurdle

Markets experienced volatility and ended the week with a modest loss, primarily due to MSCI rebalancing flows. Nifty consolidated within a range, with immediate resistance at 23,800 and support at 23,300-23,400. Traders are advised to maintain a selective approach and protect gains.

The Economic Times

Desperate British Retailers Suffer Sudden Private Sector Contraction As Struggling Families Pull Back Spending

The government reported troubling findings for the fashion industry last month, with the Iran war and rising current and future energy costs driving up pressure on production and supply chains.

International Business Times UK

GB Energy 'splashes' millions in taxpayer cash to be 'told how to do its job'

GB Energy is handing out millions in taxpayer cash to private consultancy firms to tell it 'how to do its job', The National can reveal

The National (Scotland)

GB Energy 'scandal' blasted yet again as latest staffing numbers revealed

Labour have been slammed yet again over the 'scandal' of GB Energy after the latest figures revealed the vast majority of staff it has hired are not…

The National (Scotland)

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Evening Standard

Scots warned of ‘devastating’ impact of energy bill hike

People are already struggling to pay their bills at the lower rate, charities have warned, after a 13% price hike was announced.

The National (Scotland)

Climate campaigners slam 'insatiable greed of energy giants' as UK price cap rises

Climate campaigners have reacted angrily to the new energy price cap rise, slamming the 'insatiable greed of energy giants'

The Independent UK

Rachel Reeves urged to ‘act now’ to save poorest from pain of rocketing winter energy bills

Donald Trump’s Iran war is blamed for continued volatility in global energy markets, which has led to higher wholesale gas prices

Evening Standard

Minister rejects Blair’s triple lock warning as ex-PM calls for ‘coherent plan’

Dan Tomlinson said ‘things have moved on’ since the ex-Labour leader was in No 10.

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AAP

Energy bills in Britain surge higher on Iran war impact

Soaring wholesale gas prices caused by the Iran war is punishing British households with power price rises of more then 10 per cent.

The National (Scotland)

Energy must be in Scotland's own hands, SNP say as price cap set to increase

WESTMINSTER cannot be trusted with Scotland’s energy, the SNP have said after it was revealed the energy price cap will be increased in July ...

The Independent UK

Ofgem energy price cap: Everything you need to know as bills rise by 13%

Households are set to pay an additional £221 each year

The National (Scotland)

Millions face higher energy bills as UK price cap rises

Ofgem will raise the energy price cap by 13 per cent from July due to the ongoing conflict in the Middle East, the regulator has announced ...

AAP

Data centre power concerns spark moratorium call

A report by Greenpeace has challenged claims Australia's AI-fuelled data centre boom can support rather than undermine the clean energy transition.

AAP

Renewables pushing out rivals to give power bill relief

Solar and batteries are helping to deliver households relief on their electricity bills, but elevated network costs are thought to be tempering price falls.

Latin Times

'US Venezuela Mineral Deal' Video Reminds of Expanding U.S.-Venezuela Partnerships in Mining, Rare-Earth & Energy

On May 20, 2026, the White House published a video highlighting the recent U.S.-Venezuelan mineral agreements that have been executed over the past several months, bringing renewed attention to one of the Trump administration's most significant foreign policy pivots in Latin America. The video's release prompts an important question: Just…

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