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koreatimes.co.kr | 3 hrs. 51 min. ago

FM Cho leaves for US for G20 meeting, talks with Rubio

#Bilateral #China #energy #G20 #Hold #SET #Supply Chain #supply chains #United States

Foreign Minister Cho Hyun departed for the United States on Thursday to attend a Group of 20 (G20) foreign ministers' meeting and hold talks with U.S. Secretary of State Marco Rubio on key bilateral issues, officials said. Cho is scheduled to visit Atlanta through Monday to attend the two-day G20 gathering, where participating countries will discuss ways to jointly address geopolitical crises, energy and food security, supply chains, and other global challenges, according to Seoul's foreign ministry.

South Korea is set to assume the G20 presidency in 2028 and plans to work with member countries to ensure continuity in discussions on global issues, ministry officials added. During his visit, Cho is also expected to meet with Rubio to discuss developments on the Korean Peninsula, including North Korean leader Kim Jong-un's recent visit to China and the prospects for renewed dialogue between Pyongyang and Washington, as well as pending bilateral issues.

Kim visited the Chinese border city of Dandong on Saturday amid efforts by Pyongyang and Beijing to deepen ties. Cho has said the two count

theguardian.com | 9 hrs. 26 min. ago

Labour is still searching for an energy fix for a new world

#Bank #banks #budget #energy #energy prices #Forecast #Fund #GDP #GDP growth #growth #Inflation #Iran #Main

The chancellor is right to focus on pure affordability, but £100 handouts and delayed decisions won’t shield consumers from the next wave of price hikesAmid the myriad of small measures, virtually everything in John Healey’s budget came back to the cost of energy. The higher energy prices that have resulted from the Iran war have pushed up inflation, are eating into households’ incomes, are a drag on businesses – and are the main reason why the forecast for GDP growth next year was cut from 1.6% to just 1%.And energy was the focus of Healey’s sole surprise in his consumer-facing policies – the £100 payment to 20m households in A-D council tax bands to help with fuel bills this winter.

It will be funded, in effect, by tapping the banks for a few quid for 15 months via the bank surcharge. Continue reading...

kyivpost.com | 11 hrs. 30 min. ago

South Korea Boosts Russian Coal Purchases in 2026

#energy #Export #Import #loss #Power #Russia

South Korea increased imports of Russian coal by 34% from January to August, up 34% from the same period in 2025, energy think tank CREA said. It attributed the 18 million metric ton rise to increased coal-fired power generation to offset nuclear power losses following the expiration of reactor licenses.

South Korea ranked fourth among destinations for Russian coal exports.

axios.com | 12 hrs. 46 min. ago

Iran pressed to make nuke concessions as massive post-midterms strikes loom

#Blockade #economy #Egypt #energy #Fund #GAP #Infrastructure #Iran #Li #oil #Pakistan #Qatar #Regional #relief #Return #sanctions #Saudi Arabia #Stress #strike #Support #Trump #Turkey #United States

Regional mediators led by Qatar are trying to reach a diplomatic deal to restart negotiations between the U.S. and Iran and prevent the resumption of war after the midterm elections, three U.S., Israeli and regional sources say.The Qataris are working to convince Iran to allow UN inspectors to visit its bombed nuclear sites in return for some sanctions relief from the U.S.

Why it matters: A renewed bombing offensive appears likely shortly after the midterms without a last-minute deal. IDF chief of staff Gen. Eyal Zamir spoke on Monday with CENTCOM commander Adm. Brad Cooper to coordinate ahead of potential attacks.Such an operation is expected to include a week of massive strikes on Iranian leadership, energy, nuclear and infrastructure targets, U.S. and Israeli officials say.What he's saying: President Trump told Axios in a brief interview Wednesday that negotiations with Iran are taking place through mediators but stressed that he doesn't know whether they'll bear fruit."We need to finish the job — either through a deal or another way — we will find out if negotiations can succeed," he said."While our Brave Armed Forces are fully prepared to defend the Homeland, Iran continues to give diplomacy a chance to succeed," Foreign Minister Abbas Araghchi said on X Wednesday.Behind the scenes: The mediation efforts are being led by Qatar, with the support of Pakistan, Saudi Arabia, Egypt and Turkey, sources say.

Qatari negotiator Ali al-Thawadi visited Tehran earlier this week for talks with Iranian officials about a potential deal with the Trump administration. A regional source briefed on the talks said the Qataris presented ideas for how to bridge the gap between the U.S. demand that Iran give up its enriched uranium stockpile and Iran's insistence that the U.S. first lift its naval blockade and release Iran's frozen funds.The regional source and a U.S. official said the mediators are telling Iran that accepting the proposals may be the only way to avoid major attacks after the midterms.Saudi, Turkish and Pakistani security officials reinforced that message during a visit to Tehran several days ago.

The Iranians responded that they will seek Supreme Leader Mojtaba Khamenei's approval for the ideas in the next several days, the regional source said. After the visit to Tehran, Saudi officials told the White House that the Iranians are concerned about a possible U.S.-Israeli bombing operation after the midterms, per a U.S. official.

The Saudis asked Trump not to rush into war and to allow more time for negotiations. Zoom in: One idea under discussion is returning to the agreement that Iran reached with the International Atomic Energy Agency last year in Cairo.The September 2025 agreement allowed UN inspectors to resume visits to Iran's nuclear sites.

It was suspended after the UN Security Council reimposed "snapback" sanctions on Iran a month later. IAEA Director General Rafael Grossi told the UN Security Council Tuesday that reviving the Cairo agreement could provide a framework for restoring inspections of Iranian nuclear facilities damaged in U.S. and Israeli strikes.If Iran agrees to allow UN inspectors to visit its nuclear sites, it could receive waivers to sell oil and see some of its frozen funds released to buy food and other humanitarian goods, the regional source said."There is some movement.

We are waiting for the Iranian response," that person said. "The idea is that the Iranians will be able to say that they didn't give up the enriched uranium up front, and the U.S. will be able to say that it got some nuclear concessions from Iran."The other side: The regional source said the White House told mediators it will weigh in on the proposed deal after learning whether Iran accepts it.

Trump discussed Iran with Secretary of State Marco Rubio and White House envoy Steve Witkoff during a trip to Texas on Air Force One Tuesday. On Wednesday, he discussed Iran with his national security team as part of his intelligence briefing, U.S. officials say. "As the President stated, they have been systematically destroyed, both militarily and financially, and unless they change their ways, rapidly, we will soon finish the job," a White House official said."The United States is in a very strong position with control of the Strait of Hormuz and the Iranian economy collapsing," the official added.

"Iran has been decimated, and one way or the other, the conflict in Iran will be over very soon."

nytimes.com | 14 hrs. 12 min. ago

A U.K. Budget With ‘Breathing Space’ in a Time of Rising Energy Costs

#budget #economy #energy #global economy #interest rate #Interest Rates

The new government, led by Andy Burnham, aimed to lower household and business bills amid higher interest rates and a turbulent global economy.

euronews.com | 16 hrs. ago

EU and Canada explore LNG deal as Europe grapples with gas crisis

#Canada #energy #EU #Europe #Export #Gas #Infrastructure

A draft EU-Canada summit statement envisages a feasibility study on long-term LNG exports to Europe as Brussels seeks to diversify its energy supplies. But questions remain over infrastructure, costs and the impact on the bloc's climate ambitions.

ft.com | 21 hrs. 6 min. ago

Healey to take aim at energy costs in his first Budget

#bond #budget #cost of living #energy #market

Chancellor under pressure to tackle cost of living crisis without alarming bond markets when he delivers statement at 12.30pm

theguardian.com | 1 days ago

Wednesday briefing: We asked you - what do you want from the Burnham government’s first budget?

#Argentina #Brazil #budget #Capital Gains Tax #coalition #cost of living #Don #energy #Fund #Gulf states #Iran #Israel #plant #Pound #Power #R #real #Reform #REST #sanctions #United States #Yemen

In today’s newsletter: First Edition readers and people struggling with the cost of living tell us what the government could do to improve their livesGood morning. Don’t expect anything radical. This, the Treasury has been at pains to tell us, will be a very “low-key” budget.

After weeks of speculation from journalists, a flurry of press releases from thinktanks, and a photoshoot with an obligatory red box, the chancellor, John Healey, will announce the details of the Burnham government’s first budget in the Commons today at 12:30pm.Healey has been selling this as a series of measures designed to relieve pressure on low- and middle-income households under the mangled tagline of “breathing space for today, fresh hope for the future”.

Many of the proposals have already been briefed, and their modesty is a sign of the constraints – both real and self-imposed – that his government faces. He has rejected calls to raise capital gains tax or lower the mansion tax and has promised to stick to Labour’s fiscal rules, while the Iran war has increased the cost of borrowing and eroded his spending power.Israeli elections | Israel could be in for weeks of political haggling after exit polls and partial official results showed neither Benjamin Netanyahu’s coalition nor the opposition bloc led by former general Gadi Eisenkot had won enough seats to form a government.Energy | The government’s plan to fund a multibillion-pound nuclear plant at the Sizewell site in Suffolk represents a “terrible deal” for the UK taxpayer over the rest of the century, according to the government’s spending watchdog.Middle East | A multipronged peace deal to reopen the strait of Hormuz within four days of sanctions being lifted and for the Houthis to withdraw substantial forces inside Yemen are at the heart of Gulf states’ plans to avert what they regard as a disastrous renewal of war between Iran and the US.UK news | A 78-year-old volunteer has claimed a Reform UK councillor accused her of “facilitating the invasion” and being akin to a Nazi collaborator during the second world war because she has helped asylum seekers learn English.Brazil | The far-right senator Flávio Bolsonaro has reportedly fled Brazil and is on his way to the United States after losing Sunday’s presidential election to the leftwing incumbent, Luiz Inácio Lula da Silva.

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washingtonpost.com | 1 days ago

Trump announces plan to weaken methane rules for oil and gas companies

#Boom #Compliance #CTA #Don #economy #energy #Fund #Gas #Guidance #index #Infrastructure #Iran #Li #Mexico #oil #R #Regulation #Support #trade #Trump #United States

The Trump administration is moving to weaken a regulation that requires oil and gas companies to limit leaks of methane, a more potent driver of climate change than carbon dioxide.President Donald Trump announced the Environmental Protection Agency’s proposed regulation at an event in Lubbock, Texas, on Tuesday evening.

EPA Administrator Lee Zeldin said earlier this month that the agency was “days not weeks” away from issuing the proposal, roughly outlining its contents.“We’ve been working on this for a long time,” Trump said at the rally. “We were working on this before the war broke out,” he added, referring to the Feb.

28 attack on Iran. Get Climate Coach newsletterNews and guidance on climate, science and technology. Sign up for freeThe move comes even as several major oil companies, including Chevron and ExxonMobil, have long supported direct federal regulation of methane, arguing that industry-wide rules are needed to curb leaks.

But that support has not always extended to every provision: The companies have at times pressed regulators to narrow monitoring and reporting requirements.Smaller independent producers and their trade groups have more aggressively fought methane rules as burdensome and costly. Executives at some of those firms — including several major donors to Trump — have pushed to roll them back.Methane, which traps about 80 times as much heat as carbon dioxide over a 20-year period, accounts for roughly 12 percent of greenhouse gases, according to an EPA webpage that the agency removed from its site after Trump took office.

Another EPA report says methane “emissions represent the greatest opportunity for low or no-cost mitigation” of climate change.Last year, Zeldin said the rule aimed at curbing methane leaks and dozens of other regulations were being reconsidered in what he has called the largest deregulatory action in U.S. history, aimed at saving businesses and consumers money.

Environmental advocates say any savings are more than outweighed by public health costs and damage to the economy caused by climate change and increasing weather extremes.“Americans must be able to afford to heat their homes in the winter and fill up their car and drive to work,” Zeldin said in a statement earlier this month, before the proposal’s release, while attending the New Mexico Oil and Gas Association’s annual meeting.

“They can’t do that when the people producing the energy are weighed down by unnecessary burdens.”The 2023 Biden-era rule requires companies to reduce methane emissions from new and existing oil and gas infrastructure, demanding monitoring and retrofitting old equipment to reduce leaks. The standard also instituted curbs on volatile organic compounds, which can cause air pollution that is harmful to breath or warm the climate.“The oil and gas industry says it’s a ‘good-faith’ partner eager to help craft regulations, but time and time again it’s worked behind the scenes to delay and weaken them.

As a result, the United States today emits more methane from its oil and gas sector than any other country in the world,” Julia Kane, a researcher with Fieldnotes, an oil and gas watchdog group, said in a statement.“Now, Lee Zeldin’s EPA is giving oil and gas corporations exactly what they’ve long wanted: a toothless methane standard they can use to pretend they’re well-regulated, all while they continue to knowingly leak and flare dangerous amounts of the heat-trapping gas.”Most Read From The Washington PostBoomer women are dating after divorce.

Men don’t always meet their standards.I went to Mexico to test-drive the cars Americans can’t buyAt 80, he’s a top dementia expert. Here’s how he keeps his brain healthy.Grand jury declines to indict Cassidy Hutchinson over Jan. 6 testimonyTrump defends White House redecorating — and Cheesecake Factory — from Obama’s mockingThe Trump EPA proposal is expected to reverse the 2023 rule’s ban on routine flaring, allowing companies to burn off excess gas rather than capturing it.

The draft policy would also eliminate the Super Emitter Program, which required companies to take action on major methane leaks when detected by third-party watchdogs.Methane has accounted for about 30 percent of global temperature rise since the industrial revolution, according to the International Energy Agency, and the rollback is alarming environmental advocates.The proposed regulation would also change standards for “marginal wells,” which produce only 6 percent of U.S. oil and gas but account for about half of the sector’s methane emissions.Zeldin said in October that the old rules wrongly lumped together “mom and pop” oil and gas producers, which he said could be put out of business by the rules, with multinationals such as Exxon and Chevron.“Part of this process has been to keep the concerns that are coming in from the application of [the regulations] to these far smaller operations and how to get the regulation right for them,” Zeldin told reporters in a briefing at EPA headquarters.

Myron Ebell, who ran the EPA’s transition team going into Trump’s first term, praised the potential regulation change for trying to “level the playing field” between Big Oil and independent producers.The EPA weakened enforcement of existing methane regulations last year, saying the agency’s “enforcement and compliance will no longer focus on methane emissions from oil and gas facilities” in a memo on March 12, 2025. The Environmental Defense Fund, an advocacy group, estimates that additional gas released or flared in the first year under that policy could have otherwise supplied nearly 19 million households.In November, the EPA also delayed deadlines to comply with many of the 2023 standards until 2027.This article originally appeared on Washington Post at https://www.washingtonpost.com/climate-environment/2026/10/27/trump-announce-relaxed-rules-oil-firms-methane-leaks/

theguardian.com | 1 days ago

Rosebank oilfield would not breach UK emission targets, say government insiders

#budget #energy #Export #oil #sea

Emissions from exported oil would not count against carbon budget, insiders say – reasoning likely to draw dismay from climate campaignersThe giant Rosebank oilfield can be approved without breaching the UK’s emission targets, according to government insiders, in a boost to those in the cabinet who are pushing for it to be given the go-ahead.The Guardian revealed last week that Miatta Fahnbulleh, the energy secretary, was leaning towards rejecting the project, but her position has put her at loggerheads with cabinet colleagues, including the chancellor, John Healey, who are lobbying for an approval.

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axios.com | 1 days ago

Key Senate Democrats set high bar for permitting bill support

#budget #Dollar #energy #Fund #Hold #index #Inflation #Infrastructure #Innovation #Li #R #SET #Support #Trump

Four Senate Democrats are pressing Trump officials to begin restoring billions of dollars in clean energy grants before a key vote on the permitting deal.Why it matters: The path for the bipartisan bill in the lame duck session just got steeper. The big picture: Before the first vote, the senators — Tammy Duckworth (Ill.), Ron Wyden (Ore.), Ed Markey (Mass.), and Jeff Merkley (Ore.)

— want Trump aides to tell the Energy Department to:Begin reinstating grants terminated in October 2025 that have not already been restored with a clear timeline for completion, and allow recipients to draw on the funds under the original terms.Pledge in writing not to cancel grants based on the political hue of a state or its officials.Driving the news: Their new letter to the bill's authors stops shy of an ultimatum, but says it would be "compelling" if these steps occurred.It shows deep misgivings about the bill, arguing it could provide new tools for Trump to favor fossil fuels."[T]he promise of BAAJA will only succeed if President Trump takes care that it is faithfully executed.

The Trump administration's record gives us no basis to assume that he will," the letter states, calling the bill by its acronym.Catch up quick: The letter recounts the scuttling of Biden-era grants, and White House budget chief Russ Vought listing states that did not vote for President Trump in 2024.The Energy Department has acknowledged, in a court filing, that selections of grants for termination in October 2025 were based on politics.Restoring "unlawfully terminated DOE clean energy awards would be a small but important first step" toward fairness in permitting, it states.Friction point: Co-authors Sens.

Sheldon Whitehouse (D-R.I.) and Martin Heinrich (D-N.M.) want to see more federal approvals of stalled renewables projects.They've called some recent administration moves a step in the right direction. But the new letter shows that other lawmakers have separate asks of the administration. Already, some House Democrats have criticized other portions of the bill and called for changes, such as its effects on tribal input into energy projects.

State of play: The status of billions of dollars in scuttled or frozen grants — under the 2021 infrastructure and 2022 Inflation Reduction Act — is a moving legal and administrative target. Many are in "limbo," per a report this month from the DOE Alumni Network and Lawyers for Good Government.It also found that most projects DOE retained have received "negligible" funding.

The October 2025 cancellations largely targeted blue states, but wider delays and uncertainty have affected places of varying political stripes.Flashback: DOE has said it reviewed grants for financial soundness, economic viability, consistency with administration goals, and other criteria. Sign up here for Axios' Future of Energy newsletter.

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