World Energy Congress Convenes in Rotterdam, Saudi Arabia to Host 27th Edition

The World Energy Council announcing Riyadh, Saudi Arabia as the official host of the 27th World Energy Congress to be held 26-29 October 2026 (Saudi Ministry of Energy)
The World Energy Council announcing Riyadh, Saudi Arabia as the official host of the 27th World Energy Congress to be held 26-29 October 2026 (Saudi Ministry of Energy)
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World Energy Congress Convenes in Rotterdam, Saudi Arabia to Host 27th Edition

The World Energy Council announcing Riyadh, Saudi Arabia as the official host of the 27th World Energy Congress to be held 26-29 October 2026 (Saudi Ministry of Energy)
The World Energy Council announcing Riyadh, Saudi Arabia as the official host of the 27th World Energy Congress to be held 26-29 October 2026 (Saudi Ministry of Energy)

More than 7,000 international energy stakeholders will gather in Rotterdam on Monday to attend the 26th edition of the World Energy Congress, the world’s most prestigious, inclusive and influential energy event.
The Congress is the most visionary and truly inclusive world energy leadership convening. It will bring together 18,000 attendees, including 7,000 delegates, 70 ministers, C-suite executives, NGOs, experts and academia, entrepreneurs and young energy leaders to reflect on the role of connected energy societies in driving forward global energy transitions.
Co-hosted by the World Energy Council and the Netherlands Ministry of Economic Affairs and Climate Policy and taking place from 22-25 April 2024, this edition celebrates 100 years since the Council's formation.
Angela Wilkinson, Secretary General of World Energy Council, said that the World Energy Congress is the most significant convention of visionary and practical leadership in energy, gathering the diverse needs and interests of energy ecosystems from all corners of the world.
She added that joined by new platinum sponsors, Aramco and Saudi Arabia’s Ministry of Energy, the congress is confident it will be an important moment in resetting strategic conversations on energy transitions and redesigning energy for the benefit of people and the planet.
Wilkinson also said that both Aramco and Saudi Arabia’s Ministry of Energy will bring important perspectives to the dynamic conversations and collaborative charge forward from one of the world’s most important energy regions currently engaged in its own transformational energy journey.
For his part, Aramco Chief Executive Amin Nasser said there is no doubt that the reduction of greenhouse gas emissions is a critical priority for the world.
“But along with reducing emissions, equally important are energy security, energy affordability and economic development. Aramco is very much committed to supporting all of these goals,” he added.
Last November, the World Energy Council announced Riyadh, Saudi Arabia as the official host of the 27th World Energy Congress to be held 26-29 October 2026.
The award follows a highly competitive bidding process open to all the Council’s 70+ national member committees representing more than 3,000 organizations across the entire energy ecosystem.
The World Energy Congress has helped drive energy transitions forward for more than a century by bringing together stakeholders representing energy interests from all corners of the world.
“Saudi Arabia is pleased to have been awarded the opportunity to host the 2026 World Energy Congress at this important moment in global energy,” said Prince Abdulaziz bin Salman Al Saud, Minister of Energy and Chairman of the Saudi Arabia member committee.
In Rotterdam, the program of the 26th World Energy Congress will revolve around five core topics central to progressing a clean and inclusive energy transition: navigating new energy maps, refueling the future, humanizing energy by engaging people and communities in making global energy transitions happen, pathfinding with the world energy trilemma by connecting energy security, affordability and sustainability and closing the gaps by enabling faster, fairer and more far-reaching energy transitions.
Also, leading the program will be a truly diverse group of experts from across industry, government and civil society, with over 260 confirmed speakers, 200+ being C-suite.
Wilkinson also stated that it is neither easy nor enough to translate net zero roadmaps into reality against a backdrop of new energy insecurity concerns and the increasing damages that climate change is inflicting on the earth’s natural life support system.
She added that it is important to develop a shared and deeper understanding of the role of increasingly diverse energy systems in enabling a safe operating space for humanity. It is urgent to involve more people and communities and identify leading practices in inclusive implementation.
According to the World Energy Council’s Secretary General, “The best way forward is to support diverse regions in leading with and learning from each other and appreciate the diversity of place-based, clean and just energy transitions.”

 



Gold Bounces Back on Softer Dollar, US-Iran Concerns; Silver Rebounds

Gold and silver bars are stacked in the safe deposit boxes room of the Pro Aurum gold house in Munich, Germany, January 10, 2025. REUTERS/Angelika Warmuth
Gold and silver bars are stacked in the safe deposit boxes room of the Pro Aurum gold house in Munich, Germany, January 10, 2025. REUTERS/Angelika Warmuth
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Gold Bounces Back on Softer Dollar, US-Iran Concerns; Silver Rebounds

Gold and silver bars are stacked in the safe deposit boxes room of the Pro Aurum gold house in Munich, Germany, January 10, 2025. REUTERS/Angelika Warmuth
Gold and silver bars are stacked in the safe deposit boxes room of the Pro Aurum gold house in Munich, Germany, January 10, 2025. REUTERS/Angelika Warmuth

Gold rebounded on Friday and was set for a weekly gain, helped by bargain hunting, a slightly weaker dollar and lingering concerns over US-Iran talks in Oman, while silver recovered from a 1-1/2-month low.

Spot gold rose 3.1% to $4,916.98 per ounce by 09:31 a.m. ET (1431 GMT), recouping losses posted during a volatile Asia session that followed a fall of 3.9% on Thursday. Bullion was headed for a weekly gain of about 1.3%.

US gold futures for April delivery gained 1% to $4,939.70 per ounce.

The US dollar index fell 0.3%, making greenback-priced bullion cheaper for the overseas buyers.

"The gold market is seeing perceived bargain hunting from bullish traders," said Jim Wyckoff, senior analyst at Kitco Metals.

Iran and the US started high-stakes negotiations via Omani mediation on Friday to try to overcome sharp differences over Tehran's nuclear program.

Wyckoff said gold's rebound lacks momentum and the metal is unlikely to break records without a major geopolitical trigger.

Gold, a traditional safe haven, does well in times of geopolitical and economic uncertainty.

Spot silver rose 5.3% to $74.98 an ounce after dipping below $65 earlier, but was still headed for its biggest weekly drop since 2011, down over 10.6%, following steep losses last week as well.

"What we're seeing in silver is huge speculation on the long side," said Wyckoff, adding that after years in a boom cycle, gold and silver now appear to be entering a typical commodity bust phase.

CME Group raised margin requirements for gold and silver futures for a third time in two weeks on Thursday to curb risks from heightened market volatility.

Spot platinum added 3.2% to $2,052 per ounce, while palladium gained 4.9% to $1,695.18. Both were down for the week.


Europe, Türkiye Agree to Work Toward Updating Customs Union

European Union (R) and Turkish flags fly at the business and financial district of Levent in Istanbul, Türkiye September 4, 2017. REUTERS/Osman Orsal
European Union (R) and Turkish flags fly at the business and financial district of Levent in Istanbul, Türkiye September 4, 2017. REUTERS/Osman Orsal
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Europe, Türkiye Agree to Work Toward Updating Customs Union

European Union (R) and Turkish flags fly at the business and financial district of Levent in Istanbul, Türkiye September 4, 2017. REUTERS/Osman Orsal
European Union (R) and Turkish flags fly at the business and financial district of Levent in Istanbul, Türkiye September 4, 2017. REUTERS/Osman Orsal

The European enlargement chief and the Turkish foreign minister said on Friday they had agreed to continue work toward modernizing the EU-Türkiye customs union and to improve its implementation, Reuters reported.

European Commissioner for Enlargement Marta Kos met Turkish Foreign Minister Hakan Fidan in the capital Ankara on Friday.

"They shared a willingness to work for paving the way for the modernization of the Customs Union and to achieve its full potential in order to support competitiveness, and economic security and resilience for both sides," they said in a joint statement afterward.

The sides also welcomed the gradual resumption of European Investment Bank (EIB) operations in Türkiye and said they intended to support projects across the country and neighbouring regions in cooperation with the bank.


Bitcoin Falls 8% and Asian Shares Mostly Slip after Wall Street is Hit by Tech Stock Losses

FILE PHOTO: Representation of Bitcoin cryptocurrency in this illustration taken September 10, 2025. REUTERS/Dado Ruvic/Illustration/File Photo
FILE PHOTO: Representation of Bitcoin cryptocurrency in this illustration taken September 10, 2025. REUTERS/Dado Ruvic/Illustration/File Photo
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Bitcoin Falls 8% and Asian Shares Mostly Slip after Wall Street is Hit by Tech Stock Losses

FILE PHOTO: Representation of Bitcoin cryptocurrency in this illustration taken September 10, 2025. REUTERS/Dado Ruvic/Illustration/File Photo
FILE PHOTO: Representation of Bitcoin cryptocurrency in this illustration taken September 10, 2025. REUTERS/Dado Ruvic/Illustration/File Photo

US futures and Asian shares traded mostly lower on Friday, tracking Wall Street’s losses as technology stocks again dragged on markets.

Bitcoin sank to roughly half its record price, giving back all it gained since US President Donald Trump won the White House for his second term.

Tokyo’s Nikkei 225 was up 0.8% to 54,253.68, recovering from losses earlier this week, with technology-related stocks leading gains. SoftBank Group rose 2.2% and chipmaker Tokyo Electron rose 2.6%. Japan will also be holding its general election on Sunday, in which Prime Minister Sanae Takaichi expects to win a stronger public mandate for her policies.

Shares of Toyota Motor were up 2%. The carmaker said Friday its CEO Koji Sato will be stepping down in April, and is to be replaced by Chief Financial Officer Kenta Kon, The Associated Press said.

South Korea’s Kospi lost 1.4% to 5,089.14, weighed down by tech shares. Samsung Electronics, the country’s biggest listed company, fell 0.4%. Chipmaker SK Hynix was also down 0.4%.

Hong Kong’s Hang Seng fell 1.4% to 26,519.60. The Shanghai Composite index was down 0.3% to 4,065.58.

In Australia, the S&P/ASX 200 shed 2% to 8,708.80.

Taiwan’s Taiex was mostly flat. India's Sensex traded 0.1% lower.

Against the backdrop of the technology sell-off this week, bitcoin, the world’s largest cryptocurrency, saw dimming enthusiasm and was trading about 8% lower at just under $65,000 early Friday, after it briefly sank over 12% to below $64,000 on Thursday. That’s down from a record of above $124,000 in October.

The future for the S&P 500 was 0.2% lower, while that for the Dow Jones Industrial Average fell 0.1%.

On Thursday, the S&P 500 fell 1.2% to 6,798.40, its sixth loss in the seven days. The Dow Jones Industrial Average fell 1.2% to 48,908.72. The Nasdaq composite dropped 1.6% to 22,540.59.

Technology stocks were among the worst hit as concerns persist over whether massive AI investments by many of the Big Tech firms will pay off.

Chipmaker Qualcomm sank 8.5% despite better-than-expected quarterly revenues. Alphabet lost 0.5% as investors were focused on its huge spendings on AI.

Amazon fell 11% in after hours trading Thursday after it announced plans to boost capital spending by more than 50% to $200 billion in AI and other areas.

American artificial intelligence startup Anthropic ’s new AI tools also fueled the sell-off of software stocks on Wall Street this week, as its sophistication means many traditional software development services and products could be disrupted or replaced.

Gold and silver prices have been volatile this week following a monthslong rally as investors moved into safe haven assets prompted by factors including elevated geopolitical tensions. Gold prices fell 0.6% on Friday to $4,858.60 per ounce, after nearing $5,600 last week.

Silver prices dropped 5.5% to $72.52 per ounce after rising earlier this week. It lost more than 31% last Friday.

In other dealings early Friday, US benchmark crude oil gained 35 cents to $63.64 a barrel. Brent crude, the international standard, rose 36 cents to $67.91 a barrel.

The US dollar fell to 156.74 Japanese yen from 157.03 yen. The euro was trading at $1.1789, up from $1.1777.