ECB President LAGARDE said energy price increases have exceeded baseline assumptions and will further push up inflation over the medium term.

NIO Energy and CGN New Energy signed a strategic cooperation agreement in Shanghai to collaborate on zero‑carbon management, green power and energy services to support the green integration of new energy vehicles and China’s evolving power system. The partners will jointly advance charging and battery‑swap stations, enable EV participation in power markets and vehicle‑to‑grid (V2G) services, and cooperate on battery second‑life applications and user‑side energy storage station operations.

QatarEnergy CEO and energy minister Saad Sherida al‑Kaabi said on Thursday the company is buying long‑term LNG from the US and other suppliers to build a trading and arbitrage hedge. He said the mechanism is intended to generate revenue if exports via the Strait of Hormuz are disrupted, as gas prices would spike in that scenario. The disclosure — the first detail of the plan — signals Qatar, one of the world’s largest LNG producers, is using long‑term purchases to offset revenue losses from the Iran war and reduce exposure to future Hormuz transit interruptions.