Today's Energy Pulse
Scania pilots vehicle‑to‑grid power for heavy‑duty electric trucks
Scania showcased one of the first V2G systems for heavy‑duty electric trucks using the Megawatt Charging System (MCS). The pilot demonstrated bi‑directional power flow, letting trucks feed stored electricity back to the grid while parked, with real‑time communication enabling dynamic charging and discharging. The company also opened orders for trucks equipped with an extra battery pack and MCS.
Also developing:
Stock Market Today: Oil Soars Past $115, Dow Futures Inch Lower
Oil prices jumped to roughly $115 a barrel after fresh attacks on Middle Eastern energy infrastructure, while European natural‑gas futures surged more than 20% following reports of extensive damage at Qatar’s Ras Laffan LNG plant. The price spikes triggered broad equity sell‑offs in Europe and Asia, with the Stoxx Europe 600 set to erase its year‑to‑date gains. In the United States, Nasdaq‑100 futures led a modest retreat as investors digested Federal Reserve Chair Jerome Powell’s comments that dampened expectations of an interest‑rate cut this year. The market narrative now centers on heightened geopolitical risk and its ripple effects across commodities and equities.
Reserves Meant for Supply Shocks, Not Price Cushioning
Reserves shouldn’t be for cushioning prices at this point… you may never know with the madmen bombing everything in the Middle East, there may be no fuel coming in at all… the reserves are for such times…. If it was...
Petrobras Confirms Deepwater Gas Discovery Offshore Colombia
Petrobras has confirmed a gas discovery at the Copoazu‑1 exploratory well in the offshore GUA‑OFF‑0 Block, located about 36 km from the Colombian coast in 964 m of water. The well, drilled since November 2025, revealed gas‑bearing intervals in both primary and secondary...
OEUK Urges Scrapping Windfall Tax to Boost UK Gas Output, Energy Security
Offshore Energies UK (OEUK) is urging the UK government to scrap the Energy Profits Levy – a windfall tax introduced after Russia’s invasion of Ukraine – and replace it with a permanent price‑triggered mechanism immediately. The lobby argues that doing...
North Sea Dated Surges Past $112 Amid Supply Shock
North Sea Dated jumps above $112/bl as Europe absorbs delayed supply shocks from the Mideast war. https://www.metalnomist.com/2026/03/north-sea-dated-benchmark-hits-highest.html
US Weekly Oil Data
The latest US weekly oil report shows crude inventories rising by 3.2 million barrels, while exports climbed to 4.1 million barrels per day. Imports slipped 0.5 million barrels, marking the lowest level since 2022. Refinery utilization surged to 92%, approaching...
Infini Locks in Key Contractors for Canadian Uranium Push
Infini Resources has secured Rodren Drilling and Archer Cathro & Associates to launch its first diamond‑drilling campaign at the Reynolds Lake and Reitenbach Lake uranium projects in Saskatchewan’s Athabasca Basin. The program targets a minimum 2,500‑metre drill run to test...
Harris Named ‘Fuel Tsar’ as ACCC Probes Anti-Competitive Conduct by Suppliers
The Australian government has appointed former Australian Energy Regulator chief Anthea Harris as the nation’s “fuel tsar,” leading a new fuel supply taskforce within the Department of the Prime Minister and Cabinet. The taskforce will coordinate fuel security and supply‑chain...
Sri Lanka Grants Wednesdays Off for Public Sector Institutions to Help Conserve Energy
Sri Lanka will declare Wednesdays a public holiday for all public‑sector institutions, creating a two‑days‑on, one‑day‑off work cycle. The measure, announced by President Anura Kumara Dissanayake, targets at least a 25% cut in government fuel consumption amid regional energy supply...
Cosco Tankers Poised to Exit Gulf Amid Hormuz Speculation
Cosco tankers positioned to exit Middle East Gulf as speculation mounts over Hormuz crossing ▶️Cosco and China Merchants shares rallied on unverified reports that Chinese shipowners have been told to prepare for Hormuz transit ▶️Seven Cosco tankers are gathered in central Middle...
Post‑war Tanker Boom Ends, Crude Lifts Plunge Sharply
Concerns mount over rate hangover after wartime tanker boom ends ▶️Global seaborne crude liftings volume plunged last week; alternatives to MEG are replacing only half of lost VLCC tonne-mile demand, according to Vortexa ⏩️Oil at ses is down ⏩️Nobody will keep oil at...
Wall Street Just Gave Devon Energy Investors a Big Surprise
Devon Energy (DVN) received bullish upgrades from Raymond James, raising its price target to $62, and TD Cowen to $50, reflecting optimism amid soaring oil prices. The company posted Q4 revenue of $4.12 billion, beating forecasts, and delivered a 9% free‑cash‑flow beat while...
Asia's LNG Shortage Revives Coal as Primary Fuel
MUST READ: Coal remains king — even in 2026. "... Across Asia, a sharp drop in liquefied natural gas supplies is pushing major importers back toward coal, undermining LNG’s long-held role as a stable energy anchor..." https://t.co/MZqvZYa8RD
US Signals De‑escalation Amid Gas‑site Strikes
UNITED STATES signals de-escalation after strikes on gas sites in Iran and Qatar threaten to send war into new and more damaging phase: https://t.co/M624CwIJgU
India Adds Record 52.5 GW, Near‑Zero Power Shortages, PM Modi Says
Prime Minister Narendra Modi praised India's power sector transformation, citing a record 52.53 GW of new capacity added in FY2025‑26 and a drop in national electricity shortages to 0.03%. The announcement underscores India's push to become a manufacturing hub and clean‑energy...
European Gas Spikes 30% After Qatar LNG Plant Hit
European gas prices surge 30% after Qatar said the world’s largest LNG export plant was damaged in an Iranian attack (Still TTF futures are far from the record highs of 2022) https://t.co/FC5b6KjHpJ
Canada’s Missteps Sink Energy East, Favor KXL
The process for Energy East had to be suspended when a TC consultant violated conflict of interest rules. It was then delayed again because TC changed the design. TC then cancelled the project to pursue KXL. Who do we blame?...
Zimbabwe’s New Energy Laws Set to Transform Mining Power Supply
Zimbabwe’s cabinet approved a comprehensive energy governance framework that formalises captive power generation for mines through the Own‑Consumption Licensing Regulations 2026. The rules give legal certainty, set quality standards for solar installations, and require large consumers to monitor and report...
Canada Approved Keystone XL Fast; US Delays Keep It Unbuilt
The Canadian approval for Keystone XL was completed in a little more than a year, 15 years ago. It has been rejected, rejected, approved, rejected, and approved again in the US since that time. It remains unbuilt. It's proponent, TC...
Wind and Batteries Drive Down Power Prices, Cut Bills
AER now explicitly validating what our @FSS_Au work's been demonstrating for several years: more wind and more batteries pushing wholesale prices down and opening the door to actual bill cuts, even with fossil‑fuel risks still in the system https://t.co/h1G2Wmrare
Xanadu Introduces Quantum Algorithm for Battery Materials Simulation and Analysis
Xanadu Quantum Technologies, together with the University of Toronto and the National Research Council of Canada, unveiled a fault‑tolerant quantum algorithm that simulates resonant inelastic X‑ray scattering (RIXS) for lithium‑rich cathode materials. The pre‑print demonstrates that the method can model...
US Blocks Keystone XL, Cancels Energy East to Focus Domestically
Keystone XL was approved on the Canadian side. The US rejected it multiple times. TC cancelled Energy East to double down on the US.
Asia's Russian Fuel Imports Surge Amid Middle East Turmoil
Asia's Russian fuel imports poised to hit all-time high due to Middle East disruption https://t.co/VUFUxd0Npq
Global Gas Explodes, Local Will Be OK
Israel launched an airstrike on Iran’s South Pars gasfield, a hub that generates roughly 20% of the nation’s electricity. Tehran retaliated by threatening attacks on oil and gas infrastructure throughout the Gulf region. The exchange is part of a broader...
Admin's Export Restrictions Threaten U.S. Energy Credibility
There's no way that shortly after tweeting this, the admin would destroy international confidence in the reliability of the U.S. as an energy exporter by restricting oil exports? Right?
Petroleum Product Prices Surge Beyond Crude, Podcast Explains
It isn't just about higher crude anymore , as various petroleum based products are soaring. We discussed this on the latest Facts vs Feelings, complete with St Patrick's Day gear and some I'm Shipping Up To Boston 🎶 🎵 https://t.co/zEoEFfsk2d
Oil Settles Higher on Gulf Escalation
Crude prices rose on Wednesday as Iranian strikes hit the South Pars gas field and Asaluyeh processing facilities, shifting market concerns from shipping‑lane disruptions to direct infrastructure risk. Brent closed above $107 a barrel, while WTI settled at $96.32, widening the...
Iran Damages Qatar's World‑largest LNG Plant
Iran inflicts ‘extensive damage’ on site of world’s largest LNG facility in Qatar https://t.co/UY9zOAW5bK via @ft
China's Energy Shock Unavoidable Despite Renewables and Reserves
The Economist: China cannot escape the energy shock—Despite renewables and reserves, it will suffer https://t.co/hzNezKxOUo
Presidential Candidate Says Colombia Must Bet on Oil and Mining
Colombian presidential hopeful Paloma Valencia argued that expanding oil, natural gas and mining operations is crucial to lift the nation out of poverty. Her running mate, Juan Daniel Oviedo, added support for fracking and the exploitation of copper reserves. The...
Trump Threatens Massive Blow‑up of Iran’s South Pars Gas Field
Trump threatens to “massively blow up” the South Pars gas field if Iran targets Qatar’s LNG plant again https://t.co/PMXMDF4Glg
Gas Prices Won’t Fall: Global Supply, Not Local Shortages
This won't lower gasoline prices. The issue is overall global supply and not acute domestic shortages caused by transportation shortfalls.
Iran Warns of Total Destruction of Energy Infrastructure in Escalation Threat
The Islamic Revolutionary Guard Corps announced a shift to sustained attacks on U.S. and allied energy infrastructure, framing the move as retaliation for strikes on Iran's own facilities. The IRGC warned that any further aggression will trigger systematic destruction of...
Saudi Crude Loadings Persist Despite Red Sea Attack Rumors
Lots of chatter in the oil market about whether a Saudi refinery in the Red Sea was attacked or not. One thing, however, appears clear: crude loadings at Yanbu and Al Muajjiz continue as normal, with 4 tankers getting their...
Iran's Second Attack Sparks Fire at Qatar's LNG Hub
Qatar is dealing with a fire at Ras Laffan - home to world’s biggest LNG export plant 🇶🇦 🚨 This is due to a second attack by Iran in the last 12 hours
Spot Prices Wrap: Warming East Weighs on Natural Gas as Western Heat Drives Modest Gains
Spot natural gas prices fell on Wednesday as warmer weather forecasts for the eastern United States are expected to curb heating demand. The modest price decline outweighed a slight uptick in demand driven by a heatwave in the western region....
Brent‑WTI Spread Hits $12, Widest Since 2020
Brent crude is trading around 110 while WTI (US-benchmark) is under 100 per barrel. The current Brent-WTI spread is hovering around $12, the widest it has been since April 2020 https://t.co/Ll4QYHc69V
War Shifts to Energy Infrastructure, Threatening Years‑Long Fallout
We have entered a new phase of the war. It is now energy infrastructure damage and destruction, not just precautionary shutdowns. The aftershocks are going to be felt for months, possibly years.
Repowering U.S. Wind Farms Could Double Output to 21% Demand
New paper: Repowering existing U.S. wind farms with newer turbines could double current output so that the U.S. could meet up to 21% (instead of 10.5% currently) of electricity demand from wind. Paper: https://t.co/WSQ69VU0c5 Article https://t.co/aApXUcPvjp
ConocoPhillips, Exxon Lead $163M Alaska Lease Auction
ConocoPhillips and Exxon were among oil companies that snapped up drilling leases in northern Alaska’s mammoth petroleum reserve in a record auction that drew $163 million in high bids https://t.co/NUsLfZlynk
Iran Hits Qatar LNG Hub, Threatening Global Supply
Iran has successfully broken through Qatari air defenses for the second day in a row, this time striking the globally significant Ras Laffan energy complex. The strikes come after Iran’s own natural gas processing plants along the shared North Dome/South Pars...
Joint Hormuz Securitization Needed Before US Exits
This is the US off-ramp plan. However the best solution for the west is a joint securitization of Hormuz (secures the strait, makes control over Iran permanent, and creates leverage towards China) US is unlikely to do this alone, thus they...
2011 Oil Spike
Do you remember when oil prices topped $150/barrel in the wake of the Libya strikes in 2011? And stayed above that price for most of the next two years? OK, you may not remember it because you probably weren't thinking about...
Oil Price Spikes Historically Signal Upcoming Recessions
This is a remarkable chart. Oil surges like the one we’ve seen recently have consistently preceded recessions. Chart by @thierryborgeat https://t.co/GpMNhNl06Y
California Hits 100% Renewable Days, Gas Plummets
70% (53 of 76) of all days and 26 straight in 2026 on the California ISO have experienced >100% WWS for part of the day, averaging 3.2 h/day among all 76 days. Gas down 61% in '26 v '23 Batteries up 329%,...
Iranian Missile Damages Qatar LNG Hub, Threatens Global Supply
Qatars industrial complex housing the world’s largest LNG export plant suffered “extensive damage” after an Iranian missile strike 🇶🇦 ⚠️ The plant provides 20% of global LNG supply, and was shut earlier this month. But a delayed restart (due to...
Export Limits Would Backfire, Raising U.S. Gas Prices
In my latest @ColumbiaUEnergy Energy Explained blog post, Neelesh Nerurkar & I argue that restricting US oil exports, once again reportedly being discussed in DC, would backfire—offering little relief to US consumers while imposing more significant economic and geopolitical costs
Hormuz Closure Sparks Oil Spike, Not Deficit Monetization
If Hormuz is still closed in a month (it likely will be), this is going to turn into "We are doing more not-QE RMP's into an oil spike, but we are NOT monetizing deficits" so fast that investors heads will...
Middle East Crude Exports Plunge 25‑67%
Not looking good. Crude exports down between 25% and 67% from the Middle East, depending on country
Iran's Missile Strike Fails; Investors Still Expect Hormuz Opening
Several "dogs that didn't bark" in one headline: -Iran warned ahead of time it would hit Ras Laffan. -It fired five missiles (which it is said to be running out of.) -Four were reportedly intercepted, but one got through. -Investor consensus remains...