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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 7d ago

Alberta to Propose ‘General Corridor’ for Pipeline to West Coast

Danielle Smith, Alberta’s premier, during the Global Energy Show in Calgary on Tuesday.

Bloomberg Markets 8h ago

LPG gets Rs 29 costlier: Check latest cylinder rates in Delhi, Mumbai and other cities

Household budgets are set to see another increase as domestic cooking gas prices have been raised by Rs 29 per cylinder, marking the second revision in three months as global energy costs continue to soar. From Sunday, June 7, the price of a 14.2-kg LPG cylinder in Delhi has increased to Rs 942 from Rs 913 earlier. The latest increase follows a Rs 60-per-cylinder hike announced on March 7, after the conflict in the Middle East disrupted global energy supplies and drove up international fuel...

Times of India 3d ago

Trump once slammed Biden for touching US oil reserves, now he's draining it: Report

America is digging deeper into its emergency oil reserves as the fallout from the war with Iran continues to squeeze global energy supplies. Since the conflict began, the US Strategic Petroleum Reserve has lost about 50 million barrels, as the Trump administration seeks to offset supply shortages and ease pressure from rising fuel prices. These withdrawals are dragging down the country's emergency oil stockpile levels towards the lowest levels since 1980s.

Times of India 8d ago

Turkey, Australia to push for global electrification goal at UN climate summit

BRUSSELS — The hosts of this year’s United Nations climate conference want the world’s governments to support a collective target to electrify 35 percent of global energy use by 2035. Turkey, which will host the COP31 summit in the resort city of Antalya in November, said Tuesday the electrification goal would be a flagship priority of the conference, linking the push to soaring fossil fuel costs caused by the ongoing blockade of the Strait of Hormuz. “By electrifying daily life, from...

Politico EU 20h ago

China's factory activity flatlines in May casting doubt over the economy

China's manufacturing sector barely held its ground in May, with official data showing activity slipping to its weakest reading in three months as the fallout from the Iran war and entrenched domestic weakness raise fresh doubts about Beijing's growth ambitions. China's vast factory sector lost momentum last month, according to official figures published on Sunday, renewing questions about how long the world's second-largest economy can withstand a deepening global energy crisis and stubborn...

Euronews 8d ago

Indian central bank keeps key policy rate on hold, despite falling currency

Indian central bank keeps key policy rate on hold, despite falling currency MUMBAI, June 5 : The Reserve Bank of India on Friday kept its policy repo rate unchanged at 5.25 per cent, opting to look past rupee weakness and assess the fallout from rising global energy costs on inflation and growth. Nearly 80 per cent of 56 economists polled by Reuters expected the RBI's monetary policy committee to hold the repo rate. A war-driven surge in crude prices and record foreign fund outflows have...

Channel News Asia 5d ago

Japan's services activity stagnates in May as costs surge, PMI shows

Japan's services activity stagnates in May as costs surge, PMI shows TOKYO, June 3 : Japan's services sector ground to a halt in May after more than a year of expansion, as surging costs linked to the Middle East war dampened service demand and led to a 12-year high in output price inflation, a private survey showed on Tuesday. • The S&P Global final Japan Services Purchasing Managers' Index (PMI) fell to 50.0 in May from 51.0 in April, marking the end of a 13-month expansion streak....

Channel News Asia 7d ago

Augmented Lagrangian Predictive Coding

arXiv:2605.31022v1 Announce Type: new Abstract: Predictive coding (PC) is a local-learning alternative to backpropagation (BP), training deep networks via local energy-minimization dynamics rather than a global backward pass. We introduce Augmented Lagrangian Predictive Coding (PC-ALM), which maintains PC's inference budget but aligns each weight update toward BP by accumulating per-layer constraint errors into a layer-local Lagrange multiplier. In linear PC networks, PC-ALM converges to an...

arXiv CS 9d ago

UK consumers likely to face higher prices ‘for many months to come’

UK consumers are warned that higher prices are likely to persist for many months, even if the conflict involving Iran concludes. This is due to ongoing disruptions to global shipping and soaring costs for energy and raw materials impacting UK businesses. These economic pressures are already being reflected in the prices paid by consumers.

The Guardian World 15d ago