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A photorealistic illustration of Swedish government officials announcing an energy crisis package in parliament.
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Government presents 17.5 billion kronor crisis package

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The Swedish government presented a 17.5 billion kronor crisis package on Wednesday to tackle the global energy crisis. Backed by the Sweden Democrats, the measures are set to be approved by parliament before the summer recess.

Fifty-seven nations gathered in Santa Marta, Colombia, to advance plans for phasing out coal, oil and gas. The meeting took place without major producers such as the United States, China, India, Russia and Saudi Arabia. It occurred against the backdrop of the Iran war and major oil supply disruptions.

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YPF CEO Horacio Marín announced a 1% increase in fuel prices starting Thursday, May 14. The move aims to prevent shocks at the pump through the price buffer system.

The Ministry of Mines and Energy presented a strategy with 50 actions to strengthen the energy system ahead of the El Niño phenomenon expected in the second half of 2026.

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Several schools in Kenya have begun using modern electric and solar-powered stoves to cut costs, improve health and protect the environment.

Celsia reported revenues of 1.27 trillion pesos in the first quarter of 2026, a 12.4% drop from the prior year. Net income fell 46% to 58.393 billion pesos.

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The U.S. Geological Survey says the Appalachian region contains an estimated 2.3 million metric tons of undiscovered, economically recoverable lithium—an amount it calculates could replace about 328 years of U.S. lithium imports at 2024 levels.

 

 

 

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