Today's Energy Pulse
Strait of Hormuz closure hits 100 days but oil prices stay muted
The strategic waterway has been shut for 100 days, yet global oil prices have not surged. Following the U.S.–Iran deal announcement, Brent and U.S. crude slipped by about 4%, tempering expectations of a price spike.
Also developing:
By the numbers: JSW Energy acquires Maruti Clean Coal and Power Ltd for $170M
Oil Prices Fall on US, Iran Deal Announcement
Crude oil prices dropped more than 4% on Sunday, reaching three‑month lows after the United States and Iran announced a cease‑fire extension that could reopen the Strait of Hormuz. Brent crude fell 3.6% to $84.21 a barrel, while U.S. WTI slid to $81.38. The price retreat follows a Friday dip sparked by reports of a pending agreement, easing the energy shock that has driven U.S. gasoline to over $4 per gallon. Analysts warn the market will need months to fully unwind the disruption.
DRC Mines Ministry Signs Energy Partnership with ONYO-BT SARL to Address Power Shortages in Mining Sector
The Democratic Republic of Congo’s Ministry of Mines signed a memorandum of understanding with ONYO‑BT SARL on June 12, 2026 to develop off‑grid, clean‑energy solutions for mining operations. The partnership will pilot an autonomous power system linking the Lupatapata site...
Alaska’s Untapped Oil Wealth Is Still Struggling to Find Investors
Alaska’s National Petroleum Reserve auction set a record, pulling $164 million in bids from majors like Shell and ExxonMobil, yet the simultaneous ANWR lease sale drew only $3.7 million, covering roughly 10% of the offered acreage. Despite President Trump’s pro‑fossil‑fuel executive order...
DOE Looks to IAEA for Nuclear Safety After Mindanao Earthquake
The COP31 Presidency unveiled a three‑pronged climate agenda: raise electricity’s share of final energy demand from just over 20% to 35% by 2035, halve global waste growth, and slash building‑sector energy intensity by 25% over the same period. The plan...
America's Energy Future Is Being Decided In Obscure Utility Commission Races
Radical climate activists are pouring millions into state Public Service and Utility Commission races, targeting seats that decide how America’s electric grid is built, operated, and priced. Recent victories in Georgia and Arizona have unseated Republican commissioners who favored an...
Billions Subsidize Oil, yet Solar Set to Dominate
Periodic reminder: We subsidize fossil fuels to the tune of $7.4 TRILLION/ year (IMF), of which direct cash fossil fuel consumption subsidies are $620b to $921b (IEA) - straight out of your pocket. Yet when the Hormuz crisis hit, governments...
Modeling Accelerates Global Shift to Renewable Energy
How modeling helps to transition the world to renewable energy Alphabet webinar https://t.co/F154f1ooH8 @Google @StanfordEnergy @cee_stanford @stanforddoerr @StanfordEng @StanfordWoods @Stanford
Ethanol Transition Can Shift to "Transport Energy Backbone" To Shield India From Oil Shocks: KPMG
KPMG’s *Beyond E20* report says India’s ethanol can evolve from a simple blending component to a transport‑energy backbone, helping the country hedge against volatile crude prices. The consultancy highlights an adaptive fuel system, multi‑grade distribution (E85/E100) and flex‑fuel vehicles as...
Pump Pain, Wall Street Gain: Iran War Sends U.S. Oil Profits, Stocks Soaring as the Big Winners
The Iran‑Israel conflict has sent U.S. crude prices and demand soaring, lifting the shares of major oil producers and refiners by 20‑70% year‑to‑date. Chevron and Exxon Mobil now sit on market capitalizations above $370 billion and $600 billion, respectively, while shale firms...
India Marks World Wind Day 2026 With Focus On Accelerating Wind Energy Expansion
India will host a national conference in Goa on World Wind Day, 15 June 2026, to accelerate wind‑energy deployment. The event will shape policy for reaching 100 GW of wind capacity by 2030 and 156 GW by 2036, building on a jump from 21 GW...
Fuel Prices to Be Reviewed Based on Crude Oil Supply, Says Union Minister Suresh Gopi
India’s Union Minister of State for Petroleum and Natural Gas, Suresh Gopi, announced that fuel prices will be reviewed based on the availability of crude oil supplies. The statement comes as petrol, diesel and LPG prices have risen sharply in...
No Shortage of Energy in Country, LPG, Oil Supply Situation Comfortable: Hardeep Singh Puri
Union Minister Hardeep Singh Puri told reporters that India faces no energy shortage, with crude oil and natural‑gas inventories exceeding 60 days and LPG stocks covering 75‑80 days. He highlighted that fuel prices fell 3.1 percent between May 2022 and May 2026, while many countries saw...
Gadkari Says He Has Approved E100 Fuel Regulations, Clears Path for Ethanol-Only Vehicles in India
India's government has approved regulations for 100% ethanol (E100) fuel, creating a legal pathway for pure ethanol‑powered vehicles. The move expands the existing E20 blending program and gives automakers certainty to develop flex‑fuel engines and dedicated platforms. Minister Nitin Gadkari...
Beetaloo Basin Shale Gas Pilot Project on the Home Straight
Beetaloo Energy announced that its Carpentaria shale‑gas pilot in the Beetaloo basin is nearing the start of production testing. The company has secured final environmental clearance from the Northern Territory government and is preparing infrastructure for the first gas flow....
Europe Faces New Dependencies in Global Battery Supply
Europe is ‘walking into new dependencies’ in global battery supply chain #energysky -- via Energy Storage News: https://t.co/9CvyXjgTd0
The Promise and Peril of Jamaica’s Offshore Oil Ambitions
Offshore surveys in Jamaica’s Walton‑Morant Basin have identified hydrocarbons, prompting United Oil & Gas to tout the find as a potential catalyst for domestic oil production. The island currently spends $1.5‑$2 billion annually on imported fuel, so successful drilling could improve...
US Refiners Can Still Absorb More Venezuelan Oil
U.S. Energy Secretary Chris Wright said American refineries can still take more Venezuelan crude as Caracas ramps up production to an estimated 1.37 million barrels per day by year‑end, a 22% increase from late 2025. Venezuela currently ships about half of...
The Power Decisions that Could Shape the Next Century
The surge in AI workloads is prompting data centers to demand electricity levels once reserved for entire cities, sparking a pivotal policy debate. Regulators at PJM and the Federal Energy Regulatory Commission are weighing proposals that would let large AI...
Rising Energy Bills Are Fueling a Global Home Battery Boom
Rising energy bills and volatile fossil‑fuel prices are driving a surge in residential solar‑plus‑storage installations worldwide. Falling battery costs—down about 90% since 2010—have made 24‑hour clean power affordable for homeowners. Australia leads the market with over 415,000 homes equipped with...
Jim Cramer Returns To ConocoPhillips (COP) As Oil Prices Touch $96
ConocoPhillips shares have surged 32% over the past year and 24% year‑to‑date as oil prices climbed to $96 a barrel. Mizuho raised its price target to $150 and Barclays to $155, both citing the Iran conflict and shrinking global inventories...
EcoFlow PowerOcean Battery Review: Cutting My Bill in Half
The reviewer installed EcoFlow’s PowerOcean home battery (two 5 kWh modules, 10 kWh total) in Scotland and used an overnight EV‑charging tariff to charge it, then discharged during the day, cutting the first‑month electricity bill by roughly half. Installation cost £6,500 (about...
RECPDCL Hands over ₹912-Crore Jalna Transmission Project SPV to MSETCL
REC Power Development and Consultancy Ltd (RECPDCL) transferred the Jalna Power Transmission Ltd SPV to Maharashtra State Electricity Transmission Company Ltd (MSETCL) after MSETCL won the tariff‑based competitive bid. The intra‑state project involves a 400/132 kV substation and roughly 135 km of...
No Power Tariff Hike for Next Three Years: Andhra Energy Minister
Andhra Pradesh Energy Minister Gottipati Ravi Kumar announced that the NDA‑led government will not raise electricity tariffs for the next three years, marking two years without a hike since taking office. He credited the administration with stabilising the state’s power sector, converting...
Why the Baku-Supsa Pipeline Is Back at the Center of the Energy Game
BP transferred operational control of the Baku‑Supsa pipeline to Azerbaijan and Georgia on June 8, ending its management role while honoring existing contracts. The 837‑km line can move up to 7.5 million tons of oil annually and is being revived as Europe seeks...
Inside the Race to Rebuild America’s Fuel Supply Chain for a ‘Second Nuclear Age’
Antares flipped on its Mark‑0 microreactor in June, beating the July 4 deadline of the Trump‑era pilot program. The United States is eyeing a “second nuclear age” to power the AI boom, but 98% of its uranium is still imported and...
Shell Reportedly Prepares $1 Billion Offshore Wind Asset Sale
Shell Plc is preparing to sell its offshore wind farms for over $1 billion, marking a decisive retreat from renewable projects. The sale, advised by Rothschild & Co. and PJT Partners, is expected to launch by year‑end and close in 2027....
Exxon Reportedly Evaluates Woodside as LNG Acquisition Target
ExxonMobil is conducting early‑stage talks to acquire Australia’s Woodside Energy, valued at about $42 billion, as it seeks to expand its liquefied natural gas (LNG) portfolio and gain a stronger foothold in Asian markets. The move follows Exxon’s $60 billion purchase of...
Global Energy Show Highlights Canada's Growing Role in Energy Security
The Global Energy Show Canada 2026 wrapped up in Calgary with more than 38,000 attendees, 500 exhibitors and delegates from over 100 countries. Canadian officials, including Energy Minister Tim Hodgson and Alberta Premier Danielle Smith, used the platform to underscore...
UK Sprints Forward With Grid Connections for 700 Clean Energy Projects
The UK’s National Energy System Operator announced grid‑connection offers to 713 projects—primarily solar, wind and battery storage—under a revamped allocation system. The reforms aim to unlock roughly $50 billion of annual clean‑power investment and address bottlenecks from the previous first‑come, first‑served...
BYD Energy Storage Powers Hungary's Largest Battery Project Online
Chinese battery giant BYD has commissioned Hungary’s largest battery energy‑storage system, a 99.8 MW/288.6 MWh project built by Greenvolt Power. The MC Cube unit, supplied by BYD, is designed for rapid response, grid frequency regulation and peak‑shaving. The facility is expected to boost...
Largest Wind Farm in the United States Slated to Begin Commercial Operations
The SunZia Wind Project in New Mexico, the United States’ largest wind farm, is set to begin commercial operations this month with a net summer capacity of 3,650 MW across 916 turbines. The development, led by Pattern Energy after two decades...
Delays in Net Metering Hit Solar Push, FJCCI Writes to CM
The Federation of Jharkhand Chamber of Commerce & Industries (FJCCI) wrote to Chief Minister Hemant Soren urging a faster, simpler net‑metering approval process for rooftop solar projects. The chamber cites prolonged inspections, technical objections and poor coordination as major roadblocks...
Parliamentary Panel Hears Views of Power Ministry, NEEPCO Officials for Building Self-Reliant Energy Sector
The Parliamentary Standing Committee on Energy met with Power Ministry and NEEPCO officials to discuss the role of statutory bodies and public‑sector units in building an Atmanirbhar (self‑reliant) power sector. Acting Chairman Jagdambika Pal highlighted rapid progress toward renewable‑energy targets and...
Household Batteries Reveal Early Flexibility Potential
The quiet battery: What household batteries reveal about flexibility before full orchestration #energysky -- via Renew Economy: https://t.co/0ZIGi7AUCx https://t.co/QM3HhzI11l
DERC Allows Delhi Discoms to Recover Higher Power Purchase Cost for April
India’s Delhi Electricity Regulatory Commission (DERC) has approved a temporary increase in the Fuel and Power Purchase Adjustment surcharge (FPPAS) for April, allowing distribution companies to recover higher electricity purchase costs. The cap, previously limited to 10 percent, is now set...
Russian Governors Rush To Deny Fuel Crisis As Rationing Spreads
Russian regional governors are publicly denying a fuel shortage even as Ukraine’s intensified drone attacks disrupt key refineries and supply routes. Several stations in Moscow and northern regions have imposed purchase caps to curb panic buying. The Kremlin admitted that...
Utility Plans 8‑12‑hour Storage After 4‑hour Battery Success
State utility eyes 8-12 hour energy storage investment after “standout” success of four-hour big battery #energysky -- via Renew Economy: https://t.co/HXxDbrebYh https://t.co/HIiGVDoxFW
Market View: EIA Sees Supply Outpacing Demand Through 2027
The Energy Information Administration (EIA) raised its U.S. natural gas price forecasts for 2026 and 2027, citing recent heat‑driven demand spikes. However, the agency projects that robust production growth, driven by continued shale development, will keep supply ahead of demand...
Venture Global Doubles LNG Deal With Greek Importer
Venture Global, a leading U.S. LNG exporter, has agreed to double the volume it will supply to a Greek joint venture under an existing long‑term contract. The expanded agreement aims to reinforce energy security for customers in Central and Eastern...
US, Canadian Exports Helping Fill LNG Gap, But for How Long?
Record LNG shipments from the Atlantic Basin, driven by U.S. Gulf Coast terminals and rising Canadian output, have temporarily offset the near‑total loss of Qatari and UAE volumes caused by the ongoing Middle‑East conflict. The region’s exports reached a new...
Morningstar DBRS Confirms Coastal GasLink Pipeline Limited Partnership's Credit Ratings at A (Low); With Stable Trends
Morningstar DBRS confirmed an A (low) issuer rating for Coastal GasLink Pipeline Limited Partnership (CGL) and its senior notes, with stable trends. The rating reflects a flawless first year of operations—100% uptime and no performance penalties—along with strong debt‑service coverage...
Daily Energy Report
U.S. refiners are sharply increasing diesel and gasoline exports to Africa as the Iran and Ukraine wars choke supply from the Middle East, India and Russia. Nations such as South Africa, Côte d’Ivoire and Namibia are turning to Gulf Coast...
Funding Friday: Yet Another SpaceX Alum Raises $54 Million
SpaceX alumnus Andrew Redd’s Endurance Energy announced a $54 million Series A, led by Peter Thiel’s Founders Fund, to develop subsea geothermal plants. The startup is piloting its first offshore plant off Tonga, aiming to tap an estimated 6 terawatts of ocean‑floor heat...
UK Vows to Phase Out Russian Diesel and Jet Fuel Imports by New Year
The UK government announced it will ban imports of diesel and jet fuel refined from Russian oil by 1 January 2027. A temporary licence currently permitting those imports will be reviewed every two weeks and could be revoked earlier. The decision extends...
US DOE: Roughly 7mn B/D Moving Through Hormuz
U.S. Energy Secretary Chris Wright said roughly 7 million barrels per day of crude and products are currently moving through the Strait of Hormuz, about half the pre‑war flow. Chevron CEO Mike Wirth challenged that estimate, pointing to “dark” transits and...
Tempo Signs HQ Lease in San Diego to Expand Industrial Electrification
Tempo, a thermochemical energy firm, signed a lease for a 35,000‑square‑foot facility at 6680 Cobra Way in San Diego’s Sorrento Mesa. The space will serve as the company’s new headquarters for materials development, prototype assembly, system testing, and eventual electricity...
Trump’s Energy Chief Says Half of Hormuz Stoppages Restored
U.S. Energy Secretary Chris Wright announced that roughly 7 million barrels per day have resumed flowing through the Strait of Hormuz, representing half of the volume stranded when the waterway was effectively shut after the February Iran‑U.S. war. He pledged that...
Williams Eyes Early Pipe Service for Southeast Supply Project
Williams announced that sections of its Southeast Supply Enhancement project on the Transco pipeline could enter service earlier than planned, potentially as soon as next year. The accelerated timeline targets the Southbound corridor, where current capacity constraints limit natural gas...
Global Commodities: A Perfect Storm
In this episode, host Natasha Kanova and JP Morgan European natural gas analyst Otar Deboadze dissect the current oil and gas market dynamics amid the partial reopening of the Strait of Hormuz. They note that oil flows have risen to about...
Kraken Launches Autonomous Agents for Utilities
Kraken announced Autonomous Agents, utility‑specific AI agents that automate complex customer‑service workflows. The solution, built with Sierra, embeds a no‑code design layer into Kraken’s operating system and leverages a unified utility data model. Agents draw real‑time account, usage, pricing and...