President Gustavo Petro has announced that he will take responsibility for setting Colombia's household utility bills, in order to cut electricity tariffs at a time of soaring inflation.

The European Union's electricity sector has warned that Spain's reform plan for the region's power market could lead to higher costs for consumers.

Exxon Mobil Corp., Chevron Corp., Shell Plc, TotalEnergies SE and BP Plc all saw significant profits last year, totaling nearly $200 billion collectively.

Bitcoin prices continued to rise over the weekend, as traders appeared to shrug off news of another crypto bankruptcy. Instead, they appeared to be betting that the Federal Reserve would soon cut interest rates.

Industrial commodity prices have been on the rise again recently, and investors are expecting further increases in the future.