U.S. President Trump said oil and gasoline prices will fall sharply.

Shell CEO says the firm will not structurally lower shareholder returns to 30% of operating cash flow.

Eurelectric said wholesale power prices have surged to their highest since the 2022 energy crisis and urged the EU to adopt targeted, time-limited measures to reduce consumer electricity bills. In a letter to EU energy ministers it recommended removing ‘‘non-energy costs’’ — including grid charges and environmental levies — from household bills. Several of Europe’s largest power markets have seen winter wholesale prices double versus last winter, driven mainly by a spike in gas; gas topped €100/MWh this week, more than twice its level at the start of the year. Eurelectric warned against subsidising gas-fired generation — an option under discussion in Italy — saying it would raise gas demand just as countries should be cutting consumption.