Know What's Happening in Energy
Know What's Happening in Energy
JPMorgan flags $1 trillion U.S. power‑grid upgrade spend amid aging infrastructure
The bank warns that the U.S. grid, averaging nearly 60 years old, faces a national‑security risk and projects roughly $1 trillion in upgrades between 2026 and 2035, part of a $5.8 trillion global spend. Rising AI‑driven data‑center demand could add 100 GW of peak load by 2030, intensifying the upgrade need.
Also developing:
By the numbers: Oil majors secure $164M Alaska lease package
The FTC under new chair Andrew Ferguson quickly overturned Lina Khan’s condition that barred Scott Sheffield from Exxon’s board after the agency’s 2024 investigation into alleged price‑fixing between U.S. shale producers and OPEC. The reversal came just as a Middle‑East war pushed crude above $90 a barrel, reigniting political scrutiny of oil prices. Evidence suggests shale executives coordinated with OPEC to curb drilling, inflating profits while raising consumer costs. Ferguson’s move signals a shift toward lenient antitrust enforcement that could sustain higher energy prices.
In the 10 days after Russia invaded Ukraine in 2022, Brent rose 32%. We're now up 25% since the war with Iran began, which - to me - says there's more upside. Given all this, the Dollar is trading soft...
JUST IN: Brent crude oil price surges to $91, up 25% in the past 7 days.
The episode examines the immediate impact of the Middle East war and the closure of the Strait of Hormuz on global LPG markets, focusing on sharp price spikes in Asia's forward curve, especially the August Faris Index, which jumped 24%...
The government of California has waged war on our in-state fossil fuel supply for decades. Now we rely on 1) limited and expensive in-state fossil fuels, and 2) expensive fossil fuel imports from out of state. Is it any wonder why we...
ADNOC CEO Sultan Al Jaber met Japanese Prime Minister Sanae Takaichi in Tokyo as tensions in the Strait of Hormuz escalated, emphasizing energy security and confirming that the Ruwais LNG export facility remains on schedule. He reassured that construction has not...
Angola welcomed the recent surge in oil prices, with Brent climbing above $86 a barrel, far exceeding the $61 benchmark used in its 2026 budget. While the rally promises higher state revenues, the government warned that the boost could be...
Saipem has inaugurated a cutting‑edge Drilling Training Centre equipped with a full‑scale simulator that mirrors offshore rigs. The simulator features a 24‑monitor, eight‑meter screen wall and cyber chairs that replicate real control systems, focusing on deep‑water geological conditions. Accredited by...
Co-op is investing £1.5 million to add more than 50 Toyota Proace City electric vans to its home‑delivery fleet, replacing older vehicles and expanding service to rural areas. The rollout supports the retailer’s online grocery growth, now available to 86 % of...
Fastmarkets announced it will discontinue two European sustainable aviation fuel (SAF) cost assessments—AG‑SAF‑0006 (SAF max) and AG‑SAF‑0007 (HVO max)—that previously incorporated Dutch HBE‑IXB credits. The change follows the Netherlands’ update to its biofuel mandate, which now excludes aviation from the...
The Berlin University of Applied Sciences (HTW Berlin) and spin‑off Aquu released the 2026 Energy Storage Inspection results, testing twelve 5 kW and 10 kW photovoltaic storage systems. Fox ESS topped the 10 kW DC category with a record 97 % System Performance Index...
"U.S. Success Against Iran Could Be a Game Changer for World Oil Security," @WSJ https://t.co/ICXqOkIlg2 If Iran, along with Venezuela, is soon ruled by a regime friendly or at least not hostile toward the U.S., that would neutralize two oil exporters...
AI’s exponential compute needs are outpacing traditional data‑center infrastructure, especially in legacy hubs like Northern Virginia. Operators are now targeting locations where clean power, talent, and renewable resources converge, birthing “AI cities” that embed digital infrastructure into urban planning. Rio...
U.S. Occupational Safety and Health Administration has issued 19 citations against PCE Petroleum Contractors Enterprises, a Florida tank‑service firm, after a worker died from benzene and toluene exposure in a confined space. The agency proposed a $60,242 fine, which the...
Sanmar has delivered four fully electric ElectRA 2500SX tugboats to Turkey’s state‑owned energy company BOTAŞ. The tugs, named BOTAŞ HİLAL, BOTAŞ BAYRAK, BOTAŞ AY and BOTAŞ YILDIZ, will serve the Marmara Ereğlisi LNG Terminal and the Saros FSRU Terminal, providing 70 tons of bollard pull...
Ireland inaugurated its first hybrid grid‑stabilisation system at Shannonbridge, County Offaly. The Shannonbridge B project, developed by Lumcloon Energy with Hanwha Energy, combines a 4,000 MVA synchronous condenser and a 180 MWh battery, capable of exporting up to 20 MW for nine hours. Situated...
California functions as an “energy island” because it lacks crude‑oil pipelines linking it to major domestic sources such as the Permian Basin. The state now depends on marine imports of heavier Middle‑East crude, which are processed by refineries tuned to...
The Strait of Hormuz remains blocked, choking a key route for Middle‑East gas shipments, while Qatar has temporarily halted its LNG production, tightening global supply. Spot LNG prices have spiked above $30 per million British thermal units, prompting buyers to...
The Minerals Council South Africa praised Eskom for achieving a 68.5% energy availability factor, above the 68% target, but warned that the utility’s tariff methodology, legacy diesel contracts, and rising wage costs could push electricity prices beyond inflation. The council...
The House Energy and Commerce Committee unanimously passed a bipartisan package that reauthorizes the Rural and Municipal Utility Advanced Cybersecurity program and adds $250 million in grants over five years. The legislation targets underfunded rural electric cooperatives, giving them federal assistance...
Medochemie, Cyprus’s largest generic drug maker, has powered all nine of its GMP‑certified manufacturing sites with 100% renewable electricity as of 1 October 2025, covering roughly 18 million kWh annually and eliminating thousands of tonnes of CO₂. The transition aligns the firm with tightening...
Longi’s subsidiary Longi Solar Technology secured the top spot in an 800 MW PV module tender for Gansu’s Hexi new energy base, offering a bid of CNY 0.754 ($0.104)/W and committing to delivery by June 2026. Canadian Solar announced that its 2 GW heterojunction...
They all said Hormuz closure would be brief. What if they were wrong? ▶️Baltic Exchange’s MEG-China VLCC index reaches new high of $485,959 per day; MEG-Singapore VLCC index is at $507,709 per day ▶️VLCCs are loading Saudi crude at Red Sea pipeline...
My friend & oil expert Javier Blas reports just what I’ve been anticipating: that the US-Israeli war on Iran would force the US to lift sanctions on Russian oil. https://t.co/4VIvPSwm63
Researchers Jongkuk Ko, Jinhan Cho, Cheong Hoon Kwon and colleagues report a micro‑corrugated hydrogel electrode that powers an enzymatic biofuel cell without external mediators. The electrode is formed by capillary‑force‑driven patterning and ligand‑exchange‑induced assembly of TOA‑Au nanoparticles, creating a conductive,...
A Cboe measure of crude oil volatility has surged to its highest level since 2020 https://t.co/4FBZMvXK9Y
What would such a US oil price mean to the prices of distillates used by the various transport modes—and to supply chains?
Capital.com reported a 49% jump in active retail traders and a 73% rise in total trading volume on 2 March as the Middle East conflict intensified. Oil surged to become the platform’s second‑most‑traded instrument, with new oil traders up 1,255% and...
Friday's Playbook: Oil Surging. Bearish Signals Across the Mag 7. See How We’re Positioning. https://t.co/Ab25axAjJe via @hedgeye
😬I'm sure this will be fine😬 "Pace of global warming has nearly doubled since 2015, reveals study" https://t.co/YE6o3HghNp https://t.co/iTuNoluzul
Viridien has launched the Charrua 3D multi‑client seismic survey offshore Uruguay, deploying the BGP Prospector vessel. The project employs time‑lag full‑waveform inversion (TLFWI) to generate high‑resolution subsurface images. This effort expands Viridien’s data coverage across the southern Atlantic Margin, a region...
With WTI now at $87, the oil price spike is now definitely in the big-enough-to-matter-to-the-US-domestic-economy zone. National average gas price is headed to about $3.80; was just $2.90 at start of Feb. I expect this increase will prove extremely popular.
Thank you, Madam President, for the invitation & your trust in the @IEA I was glad to share my views with you & all Commissioners on developments in global energy markets and to provide my advice & recommendations on European energy...
The Iran‑Hamas war is unlikely to dent global GDP, as the Gulf accounts for only 2‑3% of world output. However, the Strait of Hormuz—through which roughly a quarter of seaborne oil and one‑fifth of LNG flow—poses a serious chokepoint for...
I’ve been on the bearish end of the spectrum on Iran. The Straits of Hormuz are a big chokepoint. Iran just has to blow up one oil tanker to cause a global crisis. Thanks to @SoumayaKeynes for having me on...
This is a significant development. The Liquidied Petroleum Gas careier Danuta I - 80k cubic meters - ran the Strait last night, outbound and laden. https://t.co/hNmPl3pDqE
Bank of Baroda estimates that a 10 percent rise in global oil prices will directly lift India’s Wholesale Price Index by roughly 0.7‑1 percent, potentially reaching a full 1 percent when indirect effects are counted. The surge would push oil imports up by...
Iran is getting bombed to smithereens. If oil tanker traffic through the Straits of Hormuz resumes in any meaningful fashion, Iran has every incentive to blow up a ship. All it takes is one oil tanker and global markets will...
It was such a pleasure joining the @GlblCtzn London Impact Roadshow, hosted with @OctopusEnergy. Together with other global changemakers we explored the year ahead; its challenges, opportunities and where collaboration can make the greatest difference. https://t.co/IZaKnhKzEw
Jonathan Brearley will step down as Ofgem chief executive at the end of March 2026 to become permanent secretary at the UK Department for Energy Security and Net Zero. Tim Jarvis, director general for markets, will serve as acting CEO during...
A major Middle East shift could ease geopolitical risk and send oil prices lower after a ceasefire. The implications for inflation, consumers, and markets ahead. 🟢 Open https://t.co/7zkGP8J4td
U.S. and Israeli forces intensified airstrikes on Iranian missile sites, prompting a wave of Iranian missile and drone attacks on Gulf energy assets. The Strait of Hormuz is now effectively closed, with traffic down 90‑94% and more than 200 tankers...
EU to consider options to cut energy prices this decade https://t.co/AoLG32CeJ4 via @E_Krukowska @AlbertoNardelli https://t.co/Sm9cjZFedq
Villagers in Latehar district, Jharkhand, seized a drone and survey materials used by a coal mining firm for the Tubed Coal Mining Project, prompting a police investigation. The community protested, arguing the survey violated the Panchayats Extension to the Scheduled...
SFL Corporation has signed a roughly $170 million contract for its Hercules semi‑submersible rig with an unnamed multinational oil and gas company in Canada. The agreement covers a minimum 400‑day term starting in the first quarter of 2027, with the rig...
The Indian government will grant the Central Industrial Security Force (CISF) legal powers to initiate action against illegal coal mining, mirroring the authority enjoyed by the Railway Protection Force. Currently limited to guarding ten mines, CISF will gain the ability...
The first three jacket foundations for the 1,100 MW Inch Cape offshore wind farm have arrived at Scotland’s Port of Leith, signalling a key construction milestone. The project will use a hybrid foundation strategy—jacket structures for depths over 55 metres and XXL monopiles...
A European hotel chain is converting shipping containers into a 240‑room boutique hotel in San Francisco, pairing the modular design with a fully electrified heating strategy. To meet hot‑water demand, the project installed Lync’s air‑source heat‑pump water heaters, equipped with coastal‑grade...
NextStar Energy, a joint venture between Stellantis and LG Energy Solution, inaugurated Canada’s first large‑scale battery cell plant in Windsor. The facility began series production in November 2025, manufacturing over one million stationary‑storage cells to date. Stellantis has exited the partnership,...
Indian Railways has reached 99.4 % electrification of its broad‑gauge network as of January 2026, slashing diesel consumption by 62 % since 2016‑17. The shift comes amid disruptions to Gulf oil shipments through the Strait of Hormuz, reducing India’s exposure to volatile crude...
