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The Latest Breaking News from Energy

U.S. Gas Prices Could Stay Above $3 Into 2027 As Global Energy Shock Persists

Consumers face prolonged price pressure as geopolitical risks continue to ripple through global oil markets.

International Business Times

Over half of voters say they blame Trump ‘a lot’ for spiking gas prices

Most Democratic voters blame president ‘a lot’ – while most Republican voters place no blame on him at all

The Independent UK

Trump throws his own Energy Secretary under the bus and says he’s ‘totally wrong’ about gas staying above $3

Iranian forces said on Sunday that the Strait of Hormuz would remain closed as the U.S. blockade persists, spiking oil prices again

The Independent UK

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Energy Secretary admits gas prices might not drop until next year

‘I don’t know’ when gas prices will come down, Trump energy chief tells CNN

The Independent UK

Trump's energy boss: gas may stay above $3-per-gallon into 2027

Wright argued Trump has successfully managed the energy disruption.

Axios

Geelong Refinery Fire Exposes How Thin Australia’s Fuel Safety Net Really Is

A fire at Viva Energy’s Geelong refinery has rattled confidence in Australia’s already stretched fuel system. Here’s what experts say.

Pedestrian.tv

Gas Prices May Not Hit $3 Until September, Treasury Chief Bessent Warns He's 'Watching' Gas Stations

Treasury Secretary Scott Bessent says $3 gas could arrive between June and September, warning the Trump administration plans to monitor gas stations. Stay updated on energy costs and petrol prices.

International Business Times UK

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Australia: Refinery fire raises fuel supply concerns amid Iran war

Fire at Viva Energy's Geelong refinery, which supplies 10% of Australia’s fuel, sparks supply fears as Iran war keeps global prices elevated.

Euronews

Fresh fuel supply fears hosed down after refinery blaze

Australia will lean more heavily on fuel imports after a fire caused by a suspected gas leak ripped through one of the nation's two oil refineries.

AAP

Trump’s energy secretary once said gas prices would fall by summer - now he’s not so sure

The national average gas price hit $4.118 per gallon Tuesday

The Independent UK

Reeves hands Rolls-Royce £600m to develop UK’s first mini nuclear reactors

The Chancellor said driving forward nuclear power was ’more important than ever’ amid the Middle East crisis

The Independent UK

Reeves: Mini nuclear reactor deal ‘more important than ever’ amid Iran crisis

The Chancellor said driving forward nuclear power was ‘always the right thing to do’.

Evening Standard

UK clears Wylfa nuclear project: 8,000 jobs, first SMR reactors to power 3 million homes

The UK government has approved the start of work on a new nuclear power project at Wylfa, marking a significant step in its push for energy security and low-carbon power generation.

The Times of India

Can Péter Magyar break Hungary’s reliance on Russian oil?

Péter Magyar, the expected future Hungarian prime minister, won the general election in a landslide, unseating outgoing Viktor Orbán after 16 years in power and raising questions about whether Budapest will move away from Russian energy.

Euronews

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Pedestrian.tv

Anthony Albanese Defends $20M ‘Drive Less’ Ad Campaign Amid Fuel Crisis

The Albanese government is defending a $20m “Every little bit helps” campaign urging Australians to drive less amid the fuel crisis.

AAP

Richest state could fuel up for 'tough' times

A cashed-up state government could build its own emergency fuel reserve while still expecting to receive its cut of the national stockpile.

The Guardian - UK

Ed Miliband hold firm! North sea oil and gas drilling won’t help anyone other than Nigel Farage

It’s worrying to watch Labour entertain Reform’s fantasies about fossil fuels. Only renewables will bring lower bills and higher energy security, says Guardian columnist Zoe Williams

The Independent UK

How Sizewell C nuclear project can help UK ‘take back control of energy supply’ amid volatile market

Ministers say Sizewell C could supply six million homes with nuclear energy, reducing England’s reliance on foreign fossil fuel imports

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Axios

Exclusive: Record funding for fusion power lands as Trump eyes cuts

The split-screen approach underscores tensions in the administration's energy strategy.

AAP

Truckies blast out loud warning over rising fuel costs

Truck drivers feeling the pinch of expensive fuel bills are demanding corporations pay their fair share by taking them to the industrial umpire.

AAP

State seeks oil-drilling project in 'national interest'

A state premier is urging the federal government to fast-track approval to drill for oil in response to the fuel crisis, bypassing environment protection laws.

Barchart

2 Energy Stocks That Are Quietly Winning This Crisis

These two energy giants are quietly outperforming as the oil shock reshapes markets.

The Conversation

6 things Australia should do to tackle the energy crisis rather than just building bigger fuel reserves

The three-page fuel plan the Australian government released last week was very light on detail. So too was Prime Minister Anthony Albanese’s address to the nation. This week, Energy Minister Chris Bowen moved to reassure Australians their fuel supply was safe “well into May”.

AAP

Australia turns to key partner to lock in fuel supply

Australia will try to secure more fuel supply when Anthony Albanese jets off for talks with his Singaporean counterpart.

Euronews

How long can the EU’s oil reserves last?

The 400 million barrels of oil released by the International Energy Agency — of which 92 million barrels were contributed by 20 EU countries — could last about five months, according to analysts. The bloc also relies on storage reserves.

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