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.
If the status quo is maintained, where the majority of volumes from the Strait of Hormuz remain unable to flow, then prices are very low compared to the impact that will have on supply, demand of the market. Every week, you'll be seeing over 100 million barrels not reach the markets, and that suggests prices should be heading well more than $100 a barrel.
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."
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.
Tens of thousands of jobs could be lost if the UK's clean energy supply chains were to suffer a shock as a result of an over-reliance on China, a left-leaning thinktank has warned. A year-long disruption to the supply of essential battery components used to manufacture electric vehicles could wipe out production of more than 580,000 electric cars and endanger 90,000 jobs, according to the Institute for Public Policy Research.
Japan is a step closer to restarting the world's largest nuclear power plant for the first time since the Fukushima disaster. Kashiwazaki-Kariwa was among 54 reactors shut down after a massive earthquake and tsunami crippled the Fukushima Daiichi plant in 2011. On Monday, the Niigata prefectural assembly, where Kashiwazaki-Kariwa is located, approved a bill paving the way for Tokyo Electric Power Company (TEPCO) to restart one of seven reactors at the plant. TEPCO, which also operated the damaged Fukushima Daiichi plant, will now seek final permission from Japan's nuclear regulator to restart operations.
Hungarian Prime Minister Viktor Orban held talks with Russian President Vladimir Putin at the Kremlin on Friday, once again shunning efforts by his European Union partners to isolate Moscow over its invasion of neighboring Ukraine nearly four years ago. The trip to Moscow is the second since last year for Orban, who is widely considered Putin's closest partner among all EU leaders.
The clear part is that Ed Miliband's energy security and net zero department will create transitional energy certificates for limited oil and gas drilling in areas that are part of an existing field or adjacent to a licensed field. The idea is to keep those sites economically viable for longer by using existing rigs and pipelines. The approach sounds sensibly practical.
The International Energy Agency predicts global demand for oil and gas will rise well beyond 2030, marking a sharp departure from the agency's previous forecasts that demand for oil would peak by 2030. In a new report, the IEA says low gas prices, growing concerns over energy security and a global lack of ambitious climate policies will delay the peak of the fossil fuel era until at least 2050.
"Before 2022, there had been the optimistic hope we had gotten past an era where it's all about enlarging territory and invading sovereign countries and we could live happily in peace having trade," says Sari Multala, Finland's Minister of Climate and the Environment. "But then, we understood that was not the case and that we had to take care of our own sovereignty, also when it comes to energy. We cannot depend on a hostile partner," she told DW.
A united EU-UK front on environmental issues is essential for a successful international engagement on these issues. Changes could also be considered from the perspective of the maintenance of a level playing field, which is a central element of the EU-UK relations. Access to the EU's energy markets is also imperilled by the bill, representatives of the EU warned the government. This would be very difficult for the UK, which imports 16% of its electricity from Europe.
The PKK's dissolution in May 2025 marks a defining moment, not only ending armed conflict but also opening a transformation with the potential to reshape the region's future. As unresolved conflicts, rising migration pressures and energy rivalries heighten global uncertainty, Turkiye's decisive steps offer the prospect of lasting peace, secure energy corridors and sustainable prosperity for Turkiye and the wider region.
The joint Dutch-German venture, which received the green light from regional authorities last month, seeks to extract 13bn cubic metres of gas from just outside a protected area at the marine border between the two countries. Campaigners have criticised the project because it will mean drill for gas more than four years after the International Energy Agency warned that new oil and gas development was incompatible with its roadmap to stop the planet heating by 1.5C (2.7F).
A Polish court has blocked the extradition of a Ukrainian diver wanted by Germany in connection with the 2022 Nord Stream gas pipeline explosions, a handover that Polish Prime Minister Donald Tusk said earlier this month was not in his country's best interests. The Warsaw District Court rejected the extradition of the man, only identified as Volodymyr Z, on Friday and ordered his immediate release.
"safeguard the interests of the Indian consumer in a volatile energy scenario." "Ensuring stable energy prices and secured supplies have been the twin goals of our energy policy," "This includes broad-basing our energy sourcing and diversifying as appropriate to meet market conditions. Where the US is concerned, we have for many years sought to expand our energy procurement,"
