Know What's Happening in Energy
Know What's Happening in Energy
Goldman Sachs says oil supply remains secure despite Middle East tensions
Goldman Sachs analysis finds the world is not running out of oil even as the Strait of Hormuz disruption strains Asian economies that source half their fuel from the Gulf. The firm notes tighter petrochemical feedstocks and increased reliance on inventories and alternative suppliers.
Radisson Hotel Group announced a 2030 ambition for all 100 of its hotels to achieve net‑zero status, expanding the Verified Net Zero Hotels pilot that currently operates in Manchester and Oslo. The initiative targets full elimination of Scope 1 and 2 emissions through electrification, renewable heating and cooling networks, and 100 % renewable energy sourcing, while also addressing Scope 3 emissions across supply‑chain activities. Third‑party verification will be performed by TÜV Rheinland to ensure compliance with the Net Zero Methodology for Hotels. Expansion will begin in Norway and roll out to Denmark, Sweden, the UK, South Africa, and later Germany, Austria and the Canary Islands.
Lithuania’s Kaunas Airport successfully trialed a 10‑ton hydrogen‑powered heavy‑duty truck, completing roughly 100 km of apron, runway and taxiway cleaning without emitting CO₂. The test is part of the EU‑funded Interreg Baltic Sea Region BSR HyAirport project, which also sees similar pilots...
The closure of the Strait of Hormuz is choking the flow of more than 20% of global oil, 25% of LNG and a suite of critical industrial inputs such as phosphate fertilizer, sulfur and urea. These constraints are creating a...
RM4 billion in subsidies sounds like protection. It is actually a countdown clock. Malaysia has spent more defending fuel prices in one month than most emergency budgets allocate for an entire quarter — and the conflict that triggered it has no...
BMO projects Canadian inflation edging just above 3% in April as oil prices breach $100 per barrel, yet the Bank of Canada keeps its policy rate steady at 2.25%. The governing council said it will "look through" the temporary energy...
The Fraunhofer IPA‑led ‘Difference’ project targets the low recyclability of Cell‑to‑Pack (CTP) battery designs, which replace traditional modules with directly integrated cells. By focusing on robot‑assisted, laser‑based disassembly, the consortium aims to separate adhesives, foams and metals efficiently. The initiative,...
Venezuelan President Delcy Rodriguez is moving to cement control of CITGO Petroleum by installing a new board of directors, including Asdrubal Chavez, a cousin of Hugo Chávez. The appointments require approval from the U.S. Treasury and State Departments, which have...
President Donald Trump warned of a full‑scale bombing campaign against Iran following recent Israeli and U.S. strikes, reigniting geopolitical tension in the Middle East. The conflict has pushed crude oil to roughly $80 per barrel, a price level last seen...
Don't fall for the easy narrative that costly gas will mean more coal burn in Asia. Briefly in the short term maybe, but the long term trajectory toward renewables gets stronger. Look at the math behind the argument. 🎁🔗 https://www.bloomberg.com/opinion/articles/2026-04-01/iran-war-the-lng-shock-isn-t-driving-asia-back-to-coal
Former steelworkers in Northwest Indiana, now members of Gary Advocates for Responsible Development, are urging a shift from coal‑based integrated mills to cleaner direct‑reduced‑iron (DRI) and electric furnace technologies. A joint report by Indiana University and 5 Lakes Energy estimates...
Oil prices surged over 4% after President Donald Trump pledged to intensify U.S. strikes on Iran, pushing Brent crude to $106.16 a barrel and U.S. crude to $104.15. Asian equity markets reacted sharply, with Japan's Nikkei down 1.9% and South...
OMV Petrom and its partners completed drilling the Krum‑1 exploration well in the Han Asparuh Block offshore Bulgaria, reaching roughly 3,500 metres without encountering significant gas volumes. The well follows the Vinekh well as the second deep‑water test in the Black Sea basin....
Robert Allan Ltd., partnering with Brazil’s Indústria Naval Catarinense Ltda., unveiled the RApide 1800 pushboat design for Transpetro’s bunkering operations. The 18.7‑meter vessel, 9.2 meters wide, features twin 450 kW Z‑drive thrusters and is classed by Bureau Veritas to meet NORMAM‑202/DPC inland navigation...
TotalEnergies and Masdar have formed a $2.2 billion 50‑50 joint venture to develop on‑shore solar‑PV, wind and battery‑storage projects across nine Asian countries. The new entity combines roughly 3 GW of operational assets with a 6 GW pipeline slated for completion by 2030....
Standard Chartered’s energy research head Emily Ashford warned that the OPEC+ meeting on April 5 could see the group abandon its voluntary output cuts and associated compensation cuts, effectively unwinding the remaining April 2023 adjustments. She highlighted that eight OPEC+ members, led...
🇺🇸 President Trump just said the United States doesn't need oil from the Middle East
In this episode, host Santosh talks with Ashish Kulkarni, Lead Aromatics Consultant at Argus, about how the Middle East conflict is driving crude price volatility and tightening NAFTA supplies, which in turn is squeezing benzene, toluene and xylene (BTX) markets...
U.S. solar maker T1 Energy reported 2.79 GW of module production in 2025, aligning with its 2.6‑3 GW guidance. Q4 net sales surged to $358.5 million, while the net loss narrowed to $190 million, half of the prior year’s loss. The company secured a...
March EV numbers are in for some countries and they're a banger. Just wait for orders placed in March to come through in the 2nd quarter France (Tesla): +203.1% YoY Sweden (Tesla): +144.0% YoY Brazil: +92% YoY (Feb) Colombia: +82% YoY (Jan) Norway: 98% EV...
SSE has named Kirby Group Engineering and Sungrow as the primary contractors for the 100 MW/200 MWh Derrymeen Battery Energy Storage System in County Tyrone. Sungrow will provide its PowerTitan 2.0 battery technology while Kirby will manage construction and balance‑of‑plant work. Mobilisation is underway...
The Competition and Markets Authority (CMA) has issued an open letter urging all road fuel retailers to register with the government’s Fuel Finder platform and to report any price changes within 30 minutes. Starting 1 May 2026, the CMA will actively enforce...
Uber has broadened its $4,000 "Go Electric" grant to every driver in the United States, extending a program that was previously limited to New York, California, Massachusetts and Colorado. The incentive applies to Platinum and Diamond drivers who switch to...
Osprey Charging has opened a new ultra‑rapid EV charging hub at Twyford Services near Evesham, featuring 16 Kempower chargers capable of 300 kW output. The site can potentially serve up to 32 vehicles at once and offers a range of payment...
Borr Drilling announced new contract commitments and extensions for four of its premium jack‑up rigs spanning West Africa, the Americas, Europe and Southeast Asia. The Prospector 5 rig secured a binding 320‑day, up‑to‑220‑day extension contract with BW Energy in Gabon. The...
Transocean announced a roughly $1 bn increase to its order backlog after winning a new harsh‑environment semisub contract in Norway and securing extensions for two ultra‑deepwater drillships in Brazil. The Barents rig will operate under a 1,095‑day, $450,000‑per‑day agreement starting mid‑2027,...
Energy supplier tem is absorbing over £7 million (≈$9 million) of the 2026 TNUoS residual banded charge for contracts signed before October 2025, shielding customers from a 60% increase. The TNUoS charge, a non‑commodity cost set by NESO, is rising due to under‑investment...
Whipsawed once again: That is the state of the oil market and beyond as investors react to President Trump’s address to the nation regarding the Middle East War. (5-day WTI oil price chart below from CNBC.) #economy #markets #oil #MiddleEastWar @cnbc
NEW ANALYSIS: Plug-in solar panels could save a typical UK home £1,100 over their lifetime, after paying back the initial investment within 5 years By my colleague Ho Woo Nan https://t.co/i5ELgpMRk2
Exxaro Resources and state utility Eskom have signed a new coal supply agreement that extends the delivery of Matla mine coal to the Matla power station through November 2043, renewing a partnership that began in 1983. The contract is a...
"While individual systems are small, their aggregate impact is becoming meaningful, both in terms of distributed generation and consumer engagement in the energy transition." I told @newscientist when asked what I made of plug-in solar or 'balcony solar' as the...
Hello @TankerTrackers Has "Sohar LNG" crossed the SoH? If yes, did it go through the Omani waters or the international lanes? Thank you.
At the Energy Storage Summit 2026 in London, a panel examined Germany’s merchant‑only energy‑storage market, where subsidies are scarce and revenue must come from grid services and market participation. Speakers highlighted that Germany is projected to install 24 GW of utility‑scale storage...
Brent is up 8%.. It was in the RED but Trump moved it to the GREEN
If the U.S. leaves Hormuz to others, Iran wins, writes @citrinowicz It gives Iran permission to exact revenue from tolls & increase its regional power Another brilliant Trump idea. https://t.co/oo6TbGKBxQ
Arcius Energy, the BP‑ADNOC joint venture, announced a final investment decision to develop the Harmattan gas field in Egypt’s El Burg Offshore concession. The project carries an estimated $500 million investment and aims to lift domestic natural‑gas output. Execution contracts have been...
Problem is pipelines are much harder to defend, easier to rupture and cyberattack than ships unless you bury everything far underground which is exceedingly difficult.
French President Emmanuel Macron says it is "unrealistic" to think the Strait of Hormuz can be reopened through military means. "We must be able to reopen this strait because it’s strategic [...] but it can only be done in consultation with...
The UK emissions trading scheme (ETS) front‑year contract widened its discount to the EU ETS in Q1, averaging £14.75 per tonne of CO₂e (about $19) and swinging between £6.85 and £25 per tonne. This is the broadest quarterly gap since...
Taking Kharg Island or bombing powerplants takes Iran's oil off global markets for a long time. That spikes oil by a lot more and is what markets fear most. Better to do an embargo and take Iran's oil off the...
In today's Early Look: "Long Energy & Pump Puts" While the Tourist crowd was busy chasing $SPY and $QQQ to lower-highs yesterday, the fractal was telling a different story. That's why I opted to buy Oil/Energy and introduce what I'm calling...
Colonial Pipeline announced that its Line 1, which moves about 1.5 million barrels of gasoline per day from Houston to the East Coast, is out of service after a third‑party work crew damaged a section in Paulding County, Georgia. The outage comes...
Exclusive: Russian oil output cuts are unavoidable as drone attacks shrink exports, sources say https://t.co/5XWsLO71R7
The country acts as Europe’s battery, but it doesn’t have enough charge after below-normal snowfall. https://t.co/nyKjJBBsEB
Adrian Del Maestro argues that the rapid expansion of AI‑driven data centres hinges on secure, clean power and strategic use of "powered land". He highlights that under‑utilised sites with grid connections can generate new revenue streams while supporting the UK’s digital...
Oil prices surge, WTI May at $108 now. This is the "cheap" oil (Brent is more expensive)
In the days after the Iran war started, Erica Downs and I wrote @ForeignPolicy about why despite large oil and imports through the strait, China could be a counterintuitive winner. This week’s @TheEconomist captures the dynamic well, far beyond...
Meta announced funding for seven additional natural‑gas power plants, bringing its total to ten plants that will supply the $27 billion Hyperion AI data center in Louisiana. The 7.5 GW of capacity will match the electricity use of South Dakota, but environmental...
Fuel prices for UK motorists rose by a record in March on Iran war https://t.co/61fdr9l4QE https://t.co/jkbJIwsFkN
The U.S. Department of Energy’s Ames National Laboratory and the Critical Materials Innovation Hub have teamed up with Amazon to unveil an AI‑driven Critical Materials Hub that will recover battery‑grade graphite and other strategic minerals from textile and electronic waste....
China’s foreign ministry said US and Israeli strikes on Iran caused the Strait of Hormuz blockage. The closure has pushed Brent crude to about $100 a barrel, spiking global oil prices by 40‑50%. Chinese airlines announced fuel surcharges, while President...
