German Chancellor Friedrich Merz is visiting Norway on Friday for talks with Prime Minister Jonas Gahr Store, with space cooperation and NATO defense ties high on the agenda. The two leaders began the day at the Andoya spaceport, where the Bavarian startup Isar Aerospace plans to launch rockets carrying European satellites into orbit.
Despite its patriotic branding and apparent alignment with Trump's America First agenda, the project's origins trace back to the Biden administration. The refinery concept was revived and permitted in 2024 under the name Element Fuels Holdings, with site preparation and approvals occurring well before Trump's return to office.
Oil markets are global so the response to major disruptions needs to be global, too. Energy security is the founding mandate of the IEA, and I am pleased that IEA members are showing strong solidarity in taking decisive action together.
Reaching net zero would cost about 4bn a year, the CCC found, or close to 100bn by 2050, which was roughly equivalent to the energy-related costs of the fossil fuel shocks that followed Russia's invasion of Ukraine. The findings contradict widespread claims made by rightwing thinktanks and populist politicians including the Reform party that net zero would represent a crippling cost of 9tn to the UK's economy.
Qatar's minister of state for foreign affairs, Mohammed bin Abdulaziz Al Khulaifi, speaks with Talk to Al Jazeera, as the Gulf faces its most dangerous escalation in years after coming under Iranian drone and missile attacks. Al Khulaifi condemns Iran's aggression, warns that attacks on energy infrastructure threaten global markets, and argues that Gulf security is inseparable from global stability.
To ease the temporary gap of oil around the world, we have given them permission to accept the Russian oil. We may unsanction other Russian oil," US Treasury Secretary Scott Bessent told Fox News, indicating the administration's willingness to further relax restrictions on Russian energy sales to address global supply concerns.
Vietnam's trade ministry has called on local businesses to encourage their employees to work from home as part of efforts to save on fuel amid supply disruptions and price surges triggered by the Iran war.
We will bring prices down, fill our strategic reserves up again right to the top, and export American energy all over the world. The president didn't set a deadline for himself to do so-but in retrospect, an expedient one might have been useful. A little over a year after his declaration, the U.S. is heavily involved in a conflict in the Middle East that has left a hole in globally traded petroleum supply and caused U.S. gas prices to jump.
This appears to be the first time Israel has targeted a civilian oil facility in Iran. An Iranian news agency reported at least four tanker drivers were killed. The Israeli military says Iran made frequent use of that oil storage facility in Tehran to operate military infrastructure.
The era where owning the geography meant owning the power is over. We are entering the age of 'decentralized techno-resource sovereignty.' The nations that survive will be those that own the technology to extract and move energy with extreme efficiency; thereby, replacing massive, vulnerable, and centralized global hubs with resilient, decentralized domestic resources.
We are seeing a significant increase in demand for Russian energy resources in connection with the war in Iran. Russia has been and remains a reliable supplier of both oil and gas including pipeline gas and liquefied natural gas, and it also remains capable of guaranteeing the continuity of all deliveries for which contracts have been concluded.
Around 19 million barrels of oil, or 20% of the global oil trade, passes through the Strait of Hormuz each day. On average, exports from the Gulf constitute 80% to 90% of oil brought into Japan, and 30% to 40% of oil imported into China.
Doubling down on renewables is, yes, right for climate change, it's, yes, right for jobs, it is also essential because we keep on seeing these lived examples of how instability, through regional instability, is creeping into our energy prices, for which the British Government has no agency.
I hope that colleagues like Orban will not become accomplices of Putin and Lukashenko. Because if he blocks the EU 90 billion intended for us, for weapons-which, by the way, are not his money-then from a historical perspective, Orban will become an ally of the fascist Russian regime.
Even the Climate Change Committee still projects UK demand of 168 million barrels of oil equivalent in 2050, around 40% of current production. Porter argues that forcing premature decline in North Sea production does not cut global emissions - it increases them. Imported oil and gas carries a carbon footprint around 50% higher than domestic production, according to the Climate Change Committee.
We request Croatia to enable the transport of Russian oil to Hungary and Slovakia via the Adria pipeline, as our sanctions exemption provides the possibility to import Russian oil by sea if pipeline deliveries are disrupted,
The United States' top diplomat Marco Rubio traveled to Eastern Europe on Sunday for talks with the conservative leaders of Hungary and Slovakia, both of whom are aligned with US President Donald Trump. The visit comes a day after Rubio, who is also Trump's national security advisor, urged Europeans to defend Western civilization in a speech at the Munich Security Conference.
Sir Keir Starmer has been blasted for making "cheap political smears" against the Green Party, claiming that if they took power, the "lamps would go out across Europe once again." Green Party leader Zack Polanski hit back, accusing Starmer of "fear-mongering while ignoring the real problems" facing Brits. "Wages are stuck, rents are soaring, bills are through the roof - and Starmer is obsessed with scaring people about the lights going out," Polanski said. "People want solutions, not cheap political attacks."
The European Union is considering imposing an outright maritime ban on services needed to ship Russian oil, such as insurance and transportation, as part of a new sanctions package marking four years of Russia's war.
Only recently, Environment Minister Carsten Schneider of the center-left Social Democratic Party (SPD) traveled to Saudi Arabia; shortly thereafter, Economy Minister Katherina Reiche of the center-right Christian Democratic Union (CDU) arrived and explained why: "When partnerships that one has relied on for decades begin to become a little fragile, we must look for new partners." Partners, for example, in energy and armaments projects. Reiche signed a Memorandum of Understanding with the Saudi Arabian Energy Minister and posted the news on X.
