Energy

• L'acquisizione porterebbe alla creazione di una società combinata che serve circa 9,6 milioni di famiglie, previa approvazione normativa • Business live – ultimi aggiornamenti • Il gruppo energetico tedesco E.ON ha concordato l'acquisto del rivale britannico in difficoltà Ovo, in un'operazione che creerebbe il più grande fornitore di gas ed elettricità della Gran Bretagna.

• Il Segretario all'Energia Chris Wright ha dichiarato a 'Face the Nation' che l'esercito statunitense ha sospeso l'operazione di scorta navale nello Stretto di Hormuz dopo che l'Iran ha richiesto un arresto per perseguire i colloqui di pace. • Il Presidente Trump ha annunciato l'operazione la scorsa settimana in mezzo al blocco dell'Iran, ma l'ha sospesa due giorni dopo in seguito al segnale di Teheran di 'concludere un accordo'. • La sospensione sostiene un fragile cessate il fuoco, con gli Stati Uniti che ora sgomberano lo stretto senza scorte attive, mirando a ridurre le tensioni.

• Excelerate Energy (NYSE: EE) ha riportato un EBITDA rettificato di 122 milioni di dollari per il primo trimestre del 2026, in crescita del 9% sequenziale, e un utile netto di 50 milioni di dollari. • I guadagni sono stati guidati dall'ottimizzazione delle navi e dai maggiori margini del gas e dell'energia GNL, potenziati dall'acquisizione in Jamaica rispetto all'anno precedente. • I risultati evidenziano il rafforzamento delle dinamiche del settore GNL, rilevanti per i mercati energetici statunitensi in un contesto di spostamenti della domanda globale.

• China's ban on oil-product exports following U.S. and Israeli attacks on Iran and the Strait of Hormuz closure has squeezed fuel supplies to Asian neighbors, enhancing Beijing's leverage as of May 9, 2026. • Fuel-starved countries in Asia are turning to China for jet fuel, gasoline, and diesel relief, while Beijing promotes its renewable energy technologies. • The ongoing Iran war has positioned China to deal from strength, deepening its influence in the region amid prolonged energy shortages.

• China imported about 1.1 million barrels per day of Russian crude in January, with Moscow's share of total oil imports declining to 21%. • This reduction aligns with broader trends where China has quietly slashed overall oil imports by roughly a quarter from pre-war levels to around 8.2 million barrels per day, according to Vortexa data. • The cuts have rebalanced the global oil market by freeing up supply, keeping benchmarks near US$100 per barrel despite over 60 days of Persian Gulf conflict.

Norway’s energy minister says country has a ‘responsibility’ to address shortfalls caused by wars in Ukraine and Middle EastIn case of any doubt about Norway’s commitment to maintain – and expand – its production of gas and oil offshore, the energy minister, Terje Aasland, has a pithy response: “We will develop, not dismantle, activity on our continental shelf.”This week, to the alarm of environmental campaigners, he announced that three gasfields off the country’s southern coast would reopen by the end of 2028 – nearly three decades after they closed – to meet a shortfall caused by the impact of the war in Ukraine and disruption to supplies from the Middle East. Continue reading...

BEV sales jumped nearly 60% in April, taking total electric car registrations to more than 2m, says SMMTBusiness live – latest updatesA recent jump in electric car sales in the UK is likely to be “tempered” by worries over rising inflation and energy prices caused by the Iran war, a leading industry body has warned.New car sales in the UK rose by 24% year on year to 149,247 in April, according to the Society of Motor Manufacturers and Traders (SMMT). Continue reading...

‘Russia could cease fire at any moment, and this would stop the war,’ Volodymyr Zelenskyy said in sharp criticism of PutinUkraine’s president Volodymyr Zelenskyy has criticised Russia’s “utter cynicism” of launching more attacks on Ukraine while also calling for a short ceasefire enabling it to stage its 9 May Victory Parade in Moscow.In a post on X condemning the latest series of attacks, he said:“It is time for Russian leaders to take real steps to end their war, especially since Russia’s defence ministry believes it cannot hold a parade in Moscow without Ukraine’s goodwill.” Continue reading...

• Oil prices jumped above $100 per barrel and broke through $115 as Iran controls the Strait of Hormuz, with Brent crude rising 6% amid U.S. efforts to free up shipping lanes. • The S&P 500 fell with all 11 sectors declining except energy (+0.9%); Dow Jones dropped approximately 1%, while Asia ex-Japan surged 2.8% led by KOSPI's 5% gain to new highs. • U.S. Treasury yields climbed across the curve by 7-10 basis points, with the 30-year Treasury clearing 5.0% as inflation pressures mount and the USD index moved higher above 98.

• Treasury Secretary Scott Bessent described President Trump's economic measures as suffocating Iran's regime during a May 3 Fox News appearance. • Iran's economy faces $435 million daily losses and 112% food inflation due to the U.S. blockade, per FOX Business analysis. • Rising U.S. gas prices from the Iran conflict are creating broader economic challenges despite the pressure on Tehran.

Greg Jackson argues against costly investments in UK’s power grid that are adding to household billsThe boss of the UK’s biggest energy supplier has suggested that some households would accept an occasional electricity blackout in exchange for much lower energy bills.A year on from Europe’s largest power outage – which left tens of millions of people in Spain and Portugal without trains, metros, traffic lights, ATMs, phone connections and internet access – the chief executive of Octopus Energy argued against costly investments in the UK’s power grid that are adding to household bills. Continue reading...

Exclusive: Sev.en Global Investments could turn state-owned businesses into Britain’s biggest steelmakerBusiness live – latest updatesThe owner of the UK’s largest electric steelworks has said the government should find a single buyer for British Steel and Speciality Steel UK (SSUK), a move that would create the country’s biggest steelmaker.Sev.en Global Investments, owned by the Czech billionaire Pavel Tykač, said it not only plans to invest £100m in the UK – mainly in the electric arc steelworks in Cardiff it bought last year – but also has the ability to invest “hundreds of millions of pounds” more in Britain under its 7 Steel brand. Continue reading...

Advertised prices for new rental listings rising at fastest pace since October 2024. Follow updates Get our breaking news email, free app or daily news podcastAustralia’s housing market is at its slowest for almost 18 months as buyers stick to cheaper properties and abandon interest in the top end of the market.Figures today from the data firm Cotality show Melbourne and Sydney house prices fell 0.6% in April. Melbourne’s home values have now fallen 1.9% since November, with Sydney’s down 1%. Continue reading...

ECB interest rate decision looms as growth across bloc stumbles and price rises gather pace, up from 2.6% in March and 1.9% in FebruaryBusiness live – latest updatesAir France-KLM cuts forecasts amid $2.4bn fuel bill riseInflation across the eurozone has soared to 3% this month as the Iran war drove up energy prices, and growth stumbles.Consumer prices rose by 3% a year across the single currency bloc in April, new data from statistics body eurostat showed on Thursday morning, up from 2.6% in the year to March, and 1.9% in February. Continue reading...

Rise in electricity demand in first quarter of 2026 was moderated by record output from rooftop solarGet our breaking news email, free app or daily news podcastMore datacentres and warmer conditions helped push electricity demand to record highs in the first three months of the year, according to Australia’s Energy Market Operator, while growth in batteries kept average wholesale prices down.Electricity demand – from households, business and industry – reached record levels of 25GW in Q1 2026, an increase of 1.2% compared with the same quarter last year. Across the grid, this growth was offset by record output from rooftop solar. Continue reading...

Utility bills are up as much as 40% in some regions, and companies shut off power to customers 13m times in 2025The US’s top utilities’ CEOs enjoyed a 16% pay raise last year – to an average of $12.3m – even as consumers shoulder the pain from high bills spurred by continuing inflation, the Iran war and datacenter growth, a new review of industry financial documents shows.Utility bills are up as much as 40% in some regions since 2021, and, nationwide, utilities shut off power to customers 13m times last year, federal data shows. Continue reading...

US representatives Jared Huffman and Jamie Raskin earlier this month called agreements outrageous and unlawfulSign up for the Breaking News US email to get newsletter alerts in your inboxThe Trump administration blocked two permitted US wind energy projects from development this week, with an agreement to pay millions of dollars in refunds to the companies behind them if those funds are reinvested in oil and gas.US Department of the Interior officials framed the canceled agreements as a way to “promote US energy security and affordability” by funneling funds “away from intermittent, higher-cost energy sources toward proven conventional solutions”, in an announcement issued Monday. Continue reading...

The regional bloc agreed to safeguard regional energy security through strengthened cooperation, timely policy responses and engagement with dialogue partners.

The Politburo, a top decision-making body of the ruling Communist Party, was cited as saying by state news agency Xinhua that the economy got off to a better-than-expected start this year.

US generated more power from renewables like solar and wind than fossil fuels recently for a full month in a firstDonald Trump has wielded the full might of his administration to crush the progress of clean energy, which has called a “scam” and “stupid”. But there are signs this assault is not going to plan.In March, the US generated more of its electricity from renewable sources such as solar and wind than it did via gas, the first time clean energy has surpassed the planet-heating fossil fuel for a full month nationally, according to data from the Ember thinktank. Continue reading...

Former prime minister says policies will lose support without continued lower prices, while Malcolm Turnbull points to some progress in USGet our breaking news email, free app or daily news podcastKevin Rudd has described Donald Trump’s cuts to support for green industries as “unfortunate”, warning that Australians would conclude the clean transition was “bullshit” if it did not offer tangible benefits to their lives.But – in some of his first comments since finishing his term as Australia’s ambassador to the US – the former prime minister said climate policies would have staying power if they delivered affordable prices, a reliable energy supply and new job opportunities. Continue reading...

Widely dispersed wind farms and solar panels are harder to target than fossil fuel power stations, Michael Shanks saysRenewable energy will boost the UK’s national security and make the country more resilient against potential aggression or sabotage, the government’s energy minister has said.Michael Shanks said widely dispersed wind farms and solar panels were much harder to target than large-scale fossil fuel power stations. They are also not vulnerable to supply shocks, such as the current oil crisis caused by the US-Israel war on Iran and the soaring gas prices that followed Russia’s invasion of Ukraine in 2022. Continue reading...

Discrepancy in forecasts raises questions over government planning for net zeroOne vision of the UK’s future involves a decarbonised economy powered by clean, renewable energy. Another involves making the UK an AI superpower.The government departments responsible for these two visions do not appear to have agreed on their numbers. Continue reading...

• X-Energy, a nuclear power company, completed its Nasdaq debut with CEO Clay Sell announcing plans to deliver clean energy solutions to data centers and industrial customers. • The company is positioning itself as part of the broader reinvention of nuclear power to meet growing energy demands from artificial intelligence and cloud computing infrastructure. • The move reflects investor appetite for clean energy technologies as data center operators seek sustainable power sources to support AI expansion.

Officials hope more casual attire for public servants will save electricity during Iran war as summer approachesPublic servants working for the Tokyo metropolitan government are being encouraged to swap their suits for shorts this summer to combat sweltering heat and rising energy costs caused by the US-Israel war on Iran.Inspired by the country’s Cool Biz energy-saving initiative, Tokyo officials hope the measure will cut dependence on air conditioning. Continue reading...

Brussels will relax state aid rules to allow member countries to offer ‘targeted and temporary’ supportEurope live – latest updatesThe EU will cut electricity taxes and provide consumers with fresh incentives to ditch fuel-burning cars and boilers, the European Commission has announced, as the Iran war energy crisis speeds a shift to a clean economy.The plan, which foresees tweaking rules so that electricity is taxed less than oil and gas, aims to bring down bills while encouraging the move away from polluting devices that prolong reliance on foreign fuels. Continue reading...

Shell Australia says campaign needed to ‘counter-balance’ claims by levy advocates – but Ed Husic urges industry ‘do not spend millions defending the indefensible’The gas giants are mounting a multi-million dollar advertising campaign to fight against a new export tax, prompting Labor MP Ed Husic to accuse the industry of “defending the indefensible”.Shell Australia is among half-a-dozen oil and gas companies contributing around $1m to an Australian Energy Producers (AEP) campaign that attempts to justify the amount of tax the industry pays, a parliamentary inquiry heard on Wednesday. Continue reading...

Program portrayed efforts to wean Australia off fossil fuels as morally bankrupt, trashing rainforests and enslaving Australia to ChinaGet our breaking news email, free app or daily news podcastChildren sieve mud, workers drop down claustrophobic hand-cut mine shafts, men grimace while others carve out rock with chisels in bare feet to recover cobalt “for our renewable green dream”.These were the dramatic scenes from the Democratic Republic of Congo in a “special investigation” from Channel Seven’s Spotlight program, aired in prime-time on Sunday evening. Continue reading...