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The Latest Breaking News from Energy

SPR drawdown might not be enough for consumers, Democrats say

President Donald Trump’s decision to draw crude oil from the Strategic Petroleum Reserve received little criticism on Capitol Hill Thursday, although Democrats expressed reservations that it would not do much to insulate Americans from global price volatility resulting from the war in Iran. Senate Energy and Natural Resources ranking member…

Roll Call

Reeves and Miliband to demand answers from energy and fuel bosses over rip-off price rises

The chancellor and energy secretary to meet energy bosses to warn against profiteering amid soaring oil prices

The Independent UK

Rachel Reeves asks watchdog to ‘crack down’ on fuel ‘rip-offs’ amid Iran war

The Chancellor and Energy Secretary Ed Miliband will hold a meeting at Downing Street with petrol retailers and energy suppliers.

Evening Standard

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Elon Musk’s Tesla wins approval to supply electricity to British households

Tesla Energy Ventures has been granted a licence to provide electricity to households and businesses in England, Wales and Scotland.

Evening Standard

Largest ever oil reserves released as Iran war fuels price rises

The Middle East conflict has seen oil prices surge as the flow of oil tankers has effectively stopped

The Independent UK

Fuel supply boosted as oil price threatens record highs

The government has temporarily lowered Australia's fuel quality standards to boost supplies as the war in the Middle East disrupts global markets.

AAP

International Energy Agency to release record oil reserves to calm markets

The conflict in Iran has halted shipments through the Strait of Hormuz and pushed the price of oil and gas sharply higher.

The Independent UK

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Energy Secretary falsely claimed Navy escorted tanker through Strait of Hormuz – markets lost $84 million while he tried to backtrack

Gave the market false hope.

We Got This Covered

Confirmed, deleted, then clarified: US shifts stance on navy 'escorting' oil tanker in Strait of Hormuz

A US Energy Secretary's claim of escorting an oil tanker through the Strait of Hormuz was swiftly deleted and corrected by the White House, stating no such escort occurred. This caused market jitters, with oil prices fluctuating. Iran's Revolutionary Guards also refuted the assertion, calling it false. The Strait remains…

The Times of India

Deleted social media post from Trump’s energy secretary sends oil markets into frenzy: report

Earlier Tuesday, Energy Secretary Chris Wright wrote on X that the U.S. Navy had escorted an oil tanker through the Strait of Hormuz

The Independent UK

2 Energy Stocks to Watch as Strait of Hormuz Risk Spikes Oil Volatility

In this segment from Market on Close, Barchart Senior Market Strategist John Rowland explains why the real opportunity may not be in oil producers, but further down the supply chain.

Barchart

Newsletter: War fears, oil markets and EU energy battles

Also in this newsletter: Fico warns Slovakia may block EU's Ukraine loan if Orbán loses election.

Euronews

Competition watchdog warns suppliers over soaring heating oil costs

Sudden volatility in the global oil trade has caused prices to spike by up to £100 in the past week alone.

Evening Standard

FTSE 100 Live 09 March: Markets slump as oil price tops $100, inflation fears mount

Global stock markets are deep in the red after the Brent Crude oil price this morning soared as high as $119 a barrel.

Evening Standard

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International Business Times UK

Oil Prices Hit $100 as Middle East War Threatens 20% of World Oil Supply

Crude oil prices hit $110 amid Middle East tensions, risking a global energy crisis. Discover how market volatility impacts global economies and energy supplies.

The Independent UK

Trump says oil price spike is ‘very small price to pay for safety and peace’ as Iran war rages

On Sunday, oil prices surpassed the $100-a-barrel milestone for the first time in more than three-and-a-half years

International Business Times UK

'A Good Thing' — Leavitt Defends Spiking Gas Prices on Fox News Even as Brent Crude Hits $84 a Barrel

White House press secretary Karoline Leavitt defends rising petrol prices in the US, citing the Iran conflict as a temporary disruption for long-term energy market benefits

Axios

Trump's energy chief blames oil price spike on market fear

Gas is up 47 cents a gallon in one week.

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Axios

Energy woes deepen as Trump team looks to soften blow

Oil and gasoline prices are marching upward again Friday, even as Trump administration officials seek ways to get more barrels into the market.

Euronews

Seven EU ministers ask Commission to keep rules on energy pricing and invest more in clean power

Energy ministers from Denmark, Finland, Latvia, Luxembourg, the Netherlands and Portugal are concerned that the EU executive might change market rules, claiming the decision would undermine investments in clean power. Fears for the future of the bloc's carbon market are also growing.

The Guardian - UK

Sisterhood of Energy: how a company volunteer scheme is empowering young women in Bolivia

The charity work of Siemens Energy colleagues Laura Sandoval and Andrea Nicole Arispe is giving young women the chance to be independent and pursue careers in science, tech and engineering

The Times of India

‘Free flow of energy’: Donald Trump orders US Navy to escort tankers through Strait of Hormuz

President Trump has ordered the US Navy to escort oil tankers through the Strait of Hormuz if needed and directed a federal agency to offer political risk insurance for maritime trade in the Gulf. This immediate action aims to guarantee the uninterrupted global energy supply amidst escalating Middle East tensions.

Axios

Oil prices surge as Trump team readies to "mitigate" costs

Crude oil prices are at their highest levels since the military campaign against Iran after climbing again overnight and Tuesday morning.

The Guardian - US

Democrats urge dropping plan to double gas exports as US energy prices soar

‘Policies are not putting America first,’ letter says to energy secretary as Trump’s repeated pledges to slash utility bills

The Independent UK

Feds give record $27B in loans for utility expansion in Georgia and Alabama

Federal energy officials say they will loan a record $27 billion federal loan to Georgia Power and Alabama Power to expand electricity supply

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