World News by Wild Rose

Oil steadied after its biggest drop in more than a week on signs supply from the Middle East has risen to near pre-war levels as Saudi Arabia resumed flows through a pipeline that avoids the Strait of Hormuz.

Key OPEC+ members are likely to stick with a plan to hold crude production quotas steady for next month when they meet this weekend, according to two delegates.

Chad Lundberg, CEO, Baytex Energy and Scott Sanborn, Chief Financial Officer, Saturn Oil & Gas, discuss capital allocation, production growth, consolidation and access to global markets as Canada’s oil and gas producers navigate changing commodity markets, with Bloomberg’s Monique Mulima at the 2026 Bloomberg Canadian Finance Conference. (Source: Bloomberg)

Tenaz Energy CEO Tony Marino discusses the company’s international growth and acquisition strategy and how it is navigating commodity-price volatility, capital allocation and geopolitical and regulatory risk as it expands its portfolio, with Bloomberg’s Monique Mulima at the 2026 Bloomberg Canadian Finance Conference. (Source: Bloomberg)

Oil tycoon Aliko Dangote says he believes the continent will will largely supply its own refined fuel needs by 2030.

China’s liquefied natural gas imports are set to decline for a second month as surging prices triggered by the Middle East conflict curb demand.

Argentine President Javier Milei threatened on Monday to sue Britain over the Sea Lion oil project near the disputed Falkland Islands. Argentina claims sovereignty over the British-administered territory, where a 1982 war killed 255 British and 649 Argentine troops. Developers Navitas and Rockhopper say they hold valid British-issued exploration licences.

In a first, a Chinese company has achieved high-parameter hydrogen-boron plasma control, marking a “significant and valuable” advance in research into neutron-free magnetic confinement fusion. ENN Group, based in Langfang, Hebei province, announced on Monday that its EXL-50U spherical device – a compact tokamak that uses a magnetic field to confine charged gas, or plasma, for nuclear fusion research – had successfully achieved hydrogen-boron fusion reactions. “This marks the first time a...

The UK grid operator warned that electricity supplies may be tight Monday evening before a spike in wind power brings relief to the system overnight.

European natural gas prices steadied as traders weighed mixed signals from the US on talks with Iran on reopening the Strait of Hormuz.

New York Times Kyiv bureau chief Andrew Kramer tells Bloomberg This Weekend that Russia and Ukraine are increasingly targeting each other’s economies as the war shifts toward attacks on energy, transportation and export infrastructure. Speaking with hosts David Gura and Christina Ruffini, Kramer says Ukraine is using its expanding drone arsenal to target Russia’s oil industry and its ability to finance a prolonged war. (Source: Bloomberg)

Now, with President Trump's incredibly successful operation in Venezuela, we are moving into a better position that countries like India are going to be able to get access to that market, the official said

Energy experts warn US diesel export ban could increase fuel costs domestically and internationally.

As contas de luz voltarão em outubro à bandeira verde, sem cobrança de tarifas adicionais, informou nesta sexta-feira (25) a Agência Nacional de Energia Elétrica (Aneel). A bandeira tarifária voltará a vigorar após cinco meses de bandeira amarela, que tem custo adicional de R$ 1,885 a cada 100 kWh consumidos. Notícias relacionadas:Bandeira tarifária de energia permanecerá amarela em setembro.Consumidores poderão escolher fornecedores de energia a partir de 2027.Eventos climáticos extremos desafiam concessionárias de energia.Segundo a Aneel, o retorno da bandeira verde se deve ao aumento no volume de chuvas, em especial nas regiões Sul e Sudeste, o que estabiliza o armazenamento nos reservatórios das usinas hidrelétricas. A agência reguladora explica que, por esse motivo, será possível reduzir o uso de fontes de energia mais caras, como as usinas termelétricas, à base de combustíveis. Criado em 2015 pela Aneel, o sistema de bandeiras tarifárias reflete os custos variáveis da geração de energia elétrica. Divididas em cores, as bandeiras indicam quanto está custando para o Sistema Interligado Nacional (SIN) gerar a energia usada nas residências, em estabelecimentos comerciais e nas indústrias. Portanto, as cores das bandeiras tarifárias são definidas a partir da previsão de variação do custo da energia em cada mês. Quando a conta de luz é calculada pela bandeira verde, não há nenhum acréscimo. Quando são aplicadas as bandeiras vermelha ou amarela, a conta sofre acréscimo a cada 100 quilowatts-hora (kWh) consumidos. Conheça os valores das bandeiras tarifárias bandeira verde: nenhum acréscimo; bandeira amarela: acréscimo de R$ 1,88 para cada 100 quilowatt-hora (kWh) consumidos; bandeira vermelha, no Patamar 1: acréscimo de R$ 4,46 para 100 quilowatt-hora kWh consumidos;  bandeira vermelha, no Patamar 2: acréscimo de R$ 7,87 para cada 100 quilowatt-hora kWh consumidos.   

Exploration on the continent has taken off since Exxon’s blockbuster discovery in Guyana.

Dangote is expanding its energy business across Africa, putting local capital and cross-border infrastructure at the centre of the continent’s refining future. South Sudan’s small businesses turn to solar as unreliable electricity grid leaves entrepreneurs facing blackouts, rising costs and lost in

US and Russia engage in urgent talks to reduce war's impact on global energy during UN General Assembly.

Saudi Arabia has sold almost 100 million barrels of oil to Asian buyers since the middle of last week, according to traders familiar with the matter, helping to avert a looming supply crunch in the region.

Qatar has ramped up liquefied natural gas tanker traffic through the Strait of Hormuz to the highest in more than two months, a sign it’s becoming more comfortable moving ships through the waterway.

European natural gas rose after Iran’s president highlighted the wide gap between Tehran and Washington as the war drags on, dimming hopes that energy flows through the Strait of Hormuz will normalize any time soon.

Italy’s Senate on Wednesday gave final approval to legislation paving the way for a return to nuclear power nearly four decades after the Chernobyl disaster prompted the country to abandon atomic energy. The measure cleared the upper house 81-51 with seven abstentions. It marks a major step in Premier Giorgia Meloni’s drive to bolster energy security and meet climate goals, even though the construction of possible new reactors is still years away. The bill, which earlier passed the lower Chamber...

Toey Wattana Mongkhonnam began thinking about outfitting his family home in Thailand’s northeastern province of Yasothon with solar panels during the Covid-19 pandemic. In his household of five, electricity use rises with the day’s heat, and the monthly bill could range from 1,000 to 1,500 baht (US$30 to US$45). “Back then, I checked prices and a rooftop panel system that could put out enough power to run my household’s appliances could cost 100,000 to 200,000 baht,” said Toey, a Muay Thai...

Many villagers have been opposing the bid to prepare the pre-feasibility report for the proposed Siang Upper Multipurpose Project, which will generate an estimated 11,000 MW of electricity

The Trump administration's suggestion that it could ban or limit diesel exports has sparked furious backlash from the American oil industry. Politicians are trying to bring down soaring energy prices ahead of the midterm election in November, but critics say a ban would cause supply problems and higher prices both at home and abroad. Also in this edition - the OECD says the global economy is withstanding the energy shock better than expected, partly thanks to AI investment. 

Ukraine's Zelenskyy met Trump on Tuesday and discussed a potential bilateral ceasefire on energy-related targets.

Talks of a possible halt in attacks on energy facilities come as strikes on such targets continue unabated.

Satheesan says this ‘should allow Keralam to take control of’ the power situation