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Sudden outbreak of wildfires near Canada’s oil sands threatens to disrupt supplies amid global energy crisis

Sudden outbreak of wildfires near Canada’s oil sands threatens to disrupt supplies amid global energy crisis Canada is the world's fourth-largest oil producer, and the bulk of its production is clustered in northern Alberta's boreal forest - Bookmark - CommentsGo to comments Seven active wildfires are burning near major oil sands sites in northern Alberta, raising fears of production disruption in a region that supplies a significant share of the world's crude oil. Canada is the world's...

The Independent World 10d ago

Hormuz closure sparks global pitchfest on energy

Multiple countries are pitching the Trump administration on how they can offer alternatives to the energy crisis the Iran war has sparked over the Strait of Hormuz. They’re hoping to get political backing and financial support in Washington. And they appear to be knocking on an open door.

Politico EU 1d ago

Report: Disruption of Mideast energy supplies into next year would slam global economy

Report: Disruption of Mideast energy supplies into next year would slam global economy Prolonged disruption of energy supplies from the Middle East that lasts into next year would deal a severe blow to the global economy - Bookmark Prolonged disruption of energy supplies from the Middle East due to the Iran war would deal a severe blow to the global economy, sending some countries into recession and spreading inflation and higher unemployment, the Organization for Economic Cooperation and...

The Independent World 8d ago

Southern energy corridors set to dominate supplies to Europe, global leaders say

The rapid reshape of global energy supply routes and markets is a key focus at the Baku Energy Week 2026. Opening Baku Energy Week 2026, Azerbaijan’s President Ilham Aliyev said the “world cannot live without fossil fuels,” while also insisting that countries “should be judged on how they invest in renewables.” Speaking about Azerbaijan’s role in global energy markets, Aliyev said it was “difficult to imagine what the European market would look like without the South Caucasus,” underscoring...

Euronews 9d ago

AI and energy security drive investment focus at Baku Energy Week 2026

Baku Energy Week 2026 showcased how AI, digitalisation and regional gas diplomacy are reshaping the global energy sector, as companies and officials increasingly focus on competitiveness, energy security and cleaner technologies. Artificial intelligence, upstream investment and gas security have led the conversation at Baku Energy Week 2026, as global energy companies used the annual gathering in Azerbaijan to showcase how the sector is adapting to geopolitical uncertainty. Across two...

Euronews 9d ago

What energy insiders in DC are saying about oil prices and a possible Iran deal

POWER POINT What I'm hearing from energy insiders If you want to know where oil prices are going next, there is perhaps no better place to be than the Global Energy Forum in Washington, DC this week. Hosted by the Atlantic Council, the event is fantastic, with a unique global macro focus that includes more than 1,000 attendees from 85 countries. The forum gives us an opportunity to speak with the women and men running energy companies and policies around the world.

CNBC 3h ago

Energy transport corridors to Europe boosted by AI and new digital systems

AI and new digital technologies are key to the urgently needed alternative energy trade routes through the Southern Gas Corridor and the Middle Corridor systems connecting the Caspian and Europe. The Southern Gas Corridor and the rapidly developing Middle Corridor trade routes connecting Asia to Europe through the Caspian region are emerging as strategic energy transport bridges amid global disruptions, but these energy transit systems and their security require urgent investments in...

Euronews 8d ago

There is no energy transition — only addition, experts say at Baku Energy Week

Grid infrastructure emerged as the forum's defining bottleneck on the last day of Baku Energy Week, as the IGU's chief of staff said that global consumption of oil, gas, coal and renewables is rising simultaneously, directly challenging the conventional narrative. The world is consuming more oil, gas, coal and renewables than ever before, the International Gas Union's chief of staff told the final day of Baku Energy Week, challenging the conventional understanding of energy transition....

Euronews 7d ago

Saudi energy minister calls for ‘stable energy sector’ during Russia visit

Saudi energy minister calls for ‘stable energy sector’ during Russia visit Prince Abdulaziz bin Salman and other top OPEC officials visit the St Petersburg International Economic Forum. Saudi Arabia’s Minister of Energy Prince Abdulaziz bin Salman Al Saud has met his Russian counterpart in St Petersburg and called for stability in global energy markets as OPEC+ grapples with disruptions caused by the wars in Iran and Ukraine, which have sent oil prices skyrocketing. OPEC+ has been mired with...

Al Jazeera 7d ago

'US firms benefit from Hormuz closure': Russian oil company chief's big claim amid Iran war

Rosneft chief executive Igor Sechin on Saturday said American energy companies were the biggest beneficiaries of the closure of the Strait of Hormuz, while warning that prolonged disruption in the vital shipping route could ultimately undermine global oil demand and accelerate interest in alternative energy sources, as per Reuters. Speaking at the St. Petersburg International Economic Forum, Sechin argued that the closure of the strategic waterway, through which around one-fifth of global...

Times of India 5d ago