Spain is preparing a major overhaul of its electricity grid investment framework as it braces for a surge in power demand driven by data centres, electrified industry, and an expanding renewable energy fleet. Energy Minister Sara Aagesen announced that the government will raise by 62% the cap on how much companies can invest in power networks through 2030, a move designed to unlock billions in private and public capital and preempt growing strain on the system.

Under Spain’s existing rules, annual grid investments are tied to a small percentage of national GDP to shield consumers from sharp increases in electricity bills, effectively capping how fast infrastructure can be expanded. But a massive blackout that swept across Spain and Portugal in April reignited debate about the network’s resilience, highlighting how rapidly rising demand is testing the limits of an aging grid.

The United States is preparing to impose docking fees on ships at U.S. ports if they are part of a fleet that includes Chinese-built or Chinese-flagged vessels. The Trump administration is crafting the measure as part of a broader effort to revive the U.S. shipbuilding industry and curb China’s dominance in global shipping.

This initiative aligns with rare bipartisan agreement in Washington, where both Republican and Democratic lawmakers see China’s growing control of the seas and declining U.S. naval capabilities as national security concerns. Over the past two decades, China has expanded its global shipbuilding market share from 5% in 1999 to over 50% today, largely at the expense of Japanese and South Korean shipbuilders.

Reliance Industries has made its first oil purchase from Canada’s new Trans Mountain pipeline, acquiring 2 million barrels of Canadian crude from Shell for delivery in July. This move by Reliance reflects a broader trend among Asian refiners, who are increasingly buying Canadian crude to be exported via…