Know What's Happening in Energy
Know What's Happening in Energy
Flex to acquire Electrical Power Products for $1.1B
Flex Ltd. agreed to buy Electrical Power Products for about $1.1 billion in cash. The target adds roughly $323 million of annual revenue and a mid‑to‑high‑teens EBITDA margin. Flex expects the acquisition to be accretive to adjusted earnings per share in the first full fiscal year.
Also developing:
By the numbers: Oil majors snap up $164M Alaska oil leases
PetroChina reported 2025 revenue of ¥2.86 trillion (≈$401 bn) and profit attributable of ¥157.3 billion (≈$22 bn), despite a 14.6% drop in Brent prices. Free cash flow rose 15.2% to ¥120.2 billion (≈$16.8 bn) and the debt‑to‑asset ratio improved to 36.4%. The company paid a record dividend of ¥0.47 per share, a 54.7% payout ratio, the highest in five years. Operationally, oil‑gas output hit 1.84 billion boe and new‑energy generation climbed 68% to 7.93 bn kWh.
Russia banked on a windfall after oil prices spiked when the Strait of Hormuz closed and the United States briefly eased sanctions on its crude. The surge lifted Urals prices near Brent, temporarily rescuing a revenue stream that had collapsed...
Africa still has 600 million people without electricity, and demand will surge as the population is set to double by 2050. To meet needs, the continent must increase power‑generation capacity ten‑fold by 2065 and upgrade grid infrastructure. Financing gaps are acute;...
The Philippines declared a national energy emergency on March 24 after the Iran‑Houthi war choked oil flow through the Strait of Hormuz, slashing fuel reserves to 45 days and forcing emergency oil purchases, a crackdown on hoarding, and a rapid shift...
2026 Pump-Then-Dump Risks in Both Gold and Crude - Gold's big green 2026 annual candle to its Jan. 29 high of $5,595 an ounce risks turning red by year-end -- particularly if the Strait of Hormuz is secured -- with...
A West Asia conflict‑driven LPG shortage has hit Uttarakhand, forcing hotels and restaurants to turn to biogas, CNG and other alternatives. Operators cite rising costs and supply gaps, while officials warn the disruption could linger.
The U.S. government agreed to a $928 million payment to French firm TotalEnergies to terminate two offshore wind projects off New Jersey and North Carolina, projects that could have powered 1.7 million homes. The deal highlights a clash between the administration’s anti‑wind...
India's Bihar state government plans to list its power transmission arm, Bihar State Power Transmission Company Ltd (BSPTCL), on the NSE, making it the first state‑owned transmission utility to go public. The IPO will fund a ₹16,194 crore (≈$1.95 billion) transmission expansion...
U.S. and Israeli strikes have severely damaged more than 40 oil and gas assets across nine Middle Eastern countries, prompting a looming reconstruction boom. The International Energy Agency likens the fallout to the 1970s oil shocks combined with the Russia‑Ukraine...
The EPA has cancelled the 2024 rebate round of the Clean School Bus Program, leaving roughly $2.3 billion in funding still available. Although the Bipartisan Infrastructure Law mandates that at least 50 percent of those funds support zero‑emission vehicles, the agency is...
A February 24 explosion at a hydrogen trailer yard in Colton killed one technician and injured another, prompting an immediate halt to compressed‑hydrogen truck operations across California. Safety protocols forced the withdrawal of all such trucks, freezing the state’s gaseous supply...
I think a lot of people overlook that NEOM is as much a strategic play on future green steel production as it is a weird futuristic city. Also, Saudi is via the project positioning itself to be - in the...
Meta Platforms and Entergy Louisiana have signed a $2 billion agreement to build seven natural‑gas power plants that will add 5.2 GW of capacity, bringing total dedicated generation for the Hyperion AI data center to over 7 GW. The pact also includes 240 miles...
The Shanghai Composite index, after a 143‑point plunge that marked the year’s biggest single‑day drop, rebounded to close the week at 3,913.72 points, a 1.1% decline for the week. Energy, metals and new‑energy stocks led the recovery while overall market...
Energy security, LNG flows, and rising power demand are back at the center of the global conversation — and for good reason. The challenge today is no longer just about having enough energy, but about building systems that are reliable, affordable,...
Entergy’s shares have surged more than 30% over the past year as data‑center demand fuels a robust capital‑expenditure cycle. The company secured a power‑purchase agreement with Meta that adds 5.2 GW of new capacity while transferring construction risk to the tech...
PD Ports announced plans for a Teesport Offshore Gateway on the River Tees, designed to become the UK’s primary landing hub for the next phase of offshore wind development after the Crown Estate’s Round 6 auction. The facility will feature up...
Governments worldwide are intervening in the latest energy price shock with subsidies, price caps, and cash transfers, pushing costs onto public finances. In Asia, where energy and food make up half of inflation baskets, measures range from Philippines cash aid...
$3620/kW for a massive new gas power complex. Combined cycle power plants are apparently now are 3.5x more expensive than they were just a few years ago, even when building multiple at one site (with govt backing). Rethink the idea...
Jharkhand’s GOBARdhan scheme, part of the Swachh Bharat Mission (Grameen) 2.0, has installed 44 biogas plants across 24 districts, directly benefiting 745 rural families. The plants convert cattle dung into cooking gas and organic manure, cutting reliance on firewood and...
LPG inventories across Vidarbha’s PSU oil firms have plunged, with HPCL and BPCL holding less than a day’s worth of cylinders and IOCL slightly better at 1.4 days plus three days of inbound supply. Panic buying has kept demand robust,...
Arunachal Pradesh inaugurated a 30‑cubic‑metre biogas plant at the Central Cattle Breeding Farm in Nirjuli, converting daily cow‑dung output into clean cooking fuel. The two‑unit system processes 5‑6 quintals of manure each day, supplying biogas to the farm’s residential quarters and...
Gas-fired generation will be squeezed by LNG shortfall Global gas-fired electricity generation is likely to be among the hardest hit sectors following the closure of the Strait of Hormuz and the loss of production as a result of damage to two...
Why is it so damn hard to do big things in America? Australia has 40% rooftop solar. We have 6%. We can build beautiful homes in a factory for $300k delivered. Local regs block it. The technology isn't the problem. We are. https://t.co/IBSjsr4eDl
Oil spiked above $99 as Middle East tensions escalate. This week's jobs and confidence data will show if the economy can handle the shock or if cracks are starting to emerge. 🟢 Open https://t.co/muP4Yrt2q1
Before the Battle for Hormuz, Europeans were paying about 3x more for nat gas than US consumers. Today, they are paying about 6x. Europe has to drill. Chart below is from my latest piece. https://t.co/pfIpV5UZy3
"More expensive oil is bad for Europe, Japan and Korea, all big importers. It is actually a net benefit to the U.S., as an exporter and the world’s biggest producer." — The Wall Street Journal Russia and the Middle East also benefit.
Indian industry body projects 346 GWh of BESS capacity by 2033 #energysky -- via pv magazine global: https://t.co/Obs4o92i3V
If Israel/US attack Iranian oil fields and power plants, they are not going to sit back...they'll attack oil fields, desalinisation plants and power assets in the Gulf. Then, we'll get an economic depression.
Post-2010 data oil shocks were handled better than pre-2010 oil shocks, but duration is key here at this stage, with job growth at the 21st-century lows https://t.co/FndShr2Oi6
Diesel: $3.89 → $5.37/gal. Every truck. Every delivery. Every shelf. The inflation pipeline hasn't fully hit yet. Freight costs are the slow burn that shows up 60-90 days later. You haven't felt this yet. You will. $XLE $IYT https://t.co/OaV580UlNv
Correct. In the mid-2000s, FERC was full of applications to build LNG import terminals. In that world, global gas shocks like 2022 and today would cause US prices to spike, but today the U.S. is largely insulated.
The real breakthrough we need isn’t fusion. Europe needs to do 4 things at once: - Use less material per unit of prosperity (Negabarrels) - Electrify everything possible - Overbuild cheap energy - Treat supply chains like national security
How high will WTI oil get by the end of the year? @kalshi market says $139 https://t.co/d9FiMu2DQS https://t.co/2ac3ey45Us
Even ships Iran says are “safe” won’t risk Hormuz. 2 Chinese ships turned back despite permission Permission isn’t safety. Risk still rules Hormuz. #Hormuz #Oil #Shipping #EnergyCrisis https://t.co/yEI8Ew9SQw
Generac $GNRC investor day had some pretty frightening commentary on power costs and how it will impact consumer/business budgets Power costs are going to double, more than double in the next decade.
Switzerland Turns Railways into Power Plants with Solar Panels Along Train Tracks by @Khulood_Almani #Innovation #Sustainability #CleanEnergy #Technology https://t.co/BMR2AUbkUf
Australia LNG offline for weeks. Half its exports hit. This market has no buffer left. https://t.co/wV9mseaJW8 #LNG #EnergyCrisis #Oil #Geopolitics
This is the advantage of having the conflict on your home turf and close targets. How does Brent not go above 125 and stay higher for longer if this escalates? https://t.co/gDEQNzeiGJ
Thanks to some well timed energy-transition bets, a number of private capital funds are managing to defy the latest wave of headline-grabbing markdowns. https://t.co/x1WnlEHo5F
Japan is switching naphtha imports from the Middle East to other countries, says Prime Minister Takaichi 🇯🇵 ⛽️ Japan relies on the Mid East for >70% of naphtha imports, and has 20 days of stockpiles Shortages threaten supply of petrochemicals, plastics,...
I'm starting a new weekly video every Saturday morning on markets and macro. The first episode was yesterday. I discussed why upside to oil is limited even if we embargo Iranian oil. Brent at $115 already prices significant disruption. You...
Smart take from @HolaPrimeTrade on the Hormuz situation 🎯 When key chokepoints get threatened, commodity traders need to be ready. Oil volatility = opportunity for those positioned right. Check https://t.co/pKoy2KGz8x for firms with the best energy trading conditions 🛢️⚡
Fraunhofer CSP warns some cleaning agents may reduce PV module performance by up to 5.6% #energysky -- via pv magazine global: https://t.co/yfOWVCOjSx https://t.co/PM69r9Hgdg
⭕️For now, whatever your estimates of global oil consumption growth for 2026, subtract about 300 kb/d from it. This number will change as we move forward.
I support an embargo of Iranian oil. The reason is Russia. We never embargoed Russia. If we had, there's a good chance it wouldn't still be wreaking havoc in Ukraine. You just can't allow the life blood of these regimes...
PHOTO(S) OF THE DAY: Oil loadings across the Arabian Sea, Persian Gulf, and Red Sea during the US-Iran war. From top left clockwise: Fujairah single point mooring (March 28); Kharg island (March 27); Yanbu (March 24); and Al Muajjiz (March...
There's lots of misinformation at the moment, including the idea that big Gulf countries like Saudi Arabia are having to sell gold. Saudi Arabia's revenues from oil exports are actually up, because the rise in oil prices more than offsets...
As the outbreak of a regional war disrupts global energy markets for the second time in four years, oil & gas importing countries will be motivated to find alternatives; coal, nuclear, renewables and EVs alike, as @bradplumer & Rebecca Elliott...
Why is the rush into renewable energy not lowering our bills? - The Times and The Sunday Times https://t.co/br5e33MMO9
