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:
The Closed Strait of Hormuz Is Testing Asia’s Energy Security. The Answer Lies Across the Pacific—In Canada
Iran’s IRGC announced the closure of the Strait of Hormuz, prompting 150 oil and LNG tankers to remain idle and forcing Qatar Energy and others into force majeure. The shutdown stranded roughly 20 million barrels of crude per day and sent Asian LNG benchmarks soaring 39% in a single session. Canada’s Pacific export corridor—anchored by the LNG Canada project in Kitimat and the expanded Trans Mountain pipeline—offers a direct, lower‑cost, geopolitically stable alternative for Asian buyers. With new capacity slated to exceed 40 million tonnes per annum by the early 2030s, Canada is positioned to replace Hormuz‑dependent supplies.
Zambia Diesel Shortage Linked to Pipeline Supply Delays, NOMA Says
The National Oil Marketing Association (NOMA) says Zambia’s diesel shortage stems from delayed releases through the TAZAMA pipeline, not from oil marketers hoarding fuel. Diesel volumes entering the market have fallen short of expectations, and no allocation has been made...
War and Summer–A Double Whammy for Energy Markets
The escalation of the U.S.-Israel-Iran conflict has driven Brent crude above $100 per barrel, creating a global energy shock. Simultaneously, the Philippines faces a summer heat‑index surge that will require roughly 3,340 MW of additional peaking capacity to keep the grid...
How to Hedge Against $100 Oil, According to Market Strategists
Brent crude has breached the $100‑per‑barrel threshold, prompting oil‑intensive firms to accelerate hedging programs. Market strategists advise a mix of forward contracts, options, and swaps to lock in fuel costs while preserving upside potential. Daimler Truck CFO Eva Scherer highlighted...
Oil Demand Loss Hurts Big Economies More than Small
At risk of sounding unkind, for the global economic impact, it matters where oil demand destruction happens. The GDP hit — and spillover — isn’t the same if it occurs in a small economy like, say, Bangladesh, than if it happens...
Individual Investors Are Chasing Oil’s Surge Amid Iran Conflict; Institutions Are Thinking About What Comes Next
Oil prices surged to $100 a barrel as the Iran‑Hormuz crisis intensified, prompting a wave of individual buying in the United States Oil Fund (USO). USO attracted nearly $1 billion of inflows and has risen about 46% since the conflict began,...
Rising Oil Price and Inflation Fears Make Rate Hike Likely
Oil prices have spiked above $100 a barrel as the war in Iran forces the Strait of Hormuz to close, prompting the International Energy Agency to label the disruption the worst in history. Australian economists and the RBA’s futures market...
Diesel Tax Shift: Combustion Emissions Tax Gone, Production Charges Up
If you want to understand the issue w diesel prices, here's a graph of the emissions in a barrel of diesel from production to combustion. The changes in the last 13 months have eliminated the tax entirely on combustion emissions,...
Oil Company Shares Soar to All-Time Highs as Middle East War Turbocharges Price per Barrel
Shares of the world’s oil super‑majors have surged to record levels following the US‑Israeli strike on Iran, driving oil prices above $117 a barrel. In the two weeks since the conflict began, the combined market capitalisation of the six listed...
Maersk Offshore Wind Christens Its New WTIV Maersk Viridis
Maersk Offshore Wind officially christened its new 40,000‑ton wind turbine installation vessel, Maersk Viridis, on the ship’s main deck. The vessel features a Jones Act‑compliant feeder‑based installation system with stabilizing technology for high sea states. Maersk Viridis will sail to...
How Materials Informatics Aids Photocatalyst Design for Hydrogen Production
Researchers used machine‑learning interatomic potential (MLIP) calculations to screen dopants for orthorhombic Sn₃O₄, identifying aluminum as a stable dopant. Experimental hydrothermal synthesis confirmed the predictions, with 5 % Al‑doped o‑Sn₃O₄ delivering 16‑times higher hydrogen production under visible light. The study demonstrates...
Keeping the Lights From Flickering
SN Aboitiz Power (SNAP) operates four hydro plants totalling over 600 MW in Luzon, providing ancillary services that stabilize the Philippine grid. The company’s flexible, fast‑response hydropower supports frequency regulation, contingency reserves, and dispatchable power during peak demand. SNAP is expanding...
‘Natural Gas to Bring Down Power Costs’
The Petroleum Association of the Philippines urged greater use of indigenous natural gas to curb rising electricity costs amid a global oil crisis. PAP chair Donnabel Kuizon Cruz highlighted that power generated from the Malampaya gas field costs roughly P4.80...
Tanker Carrying Crude Safely Exits Fujairah Even as Drone Hits Oil Terminal
An Indian‑flagged Suezmax tanker, Jag Laadki, loaded with about 80,800 tonnes of Murban crude, left Fujairah for India on March 15, despite a drone strike that damaged the UAE’s key oil terminal the day before. The vessel’s safe departure marks the...
UK to Open AR8 Auction in July
The UK government will launch Allocation Round 8 (AR8) renewables auction in July, part of a broader energy‑security package prompted by the Middle‑East conflict. The timetable is intended to give clean‑energy investors certainty and includes the first eligibility for plug‑in solar...
This Would Be the Week to Drive an EV. Thanks for Nothing, Coalition
New Zealand faces a looming fuel shortage as the government reports only about 58 days of petrol and 50 days of diesel reserves amid a global oil crisis triggered by Iran’s closure of the Strait of Hormuz. At the same time, the coalition...
Chevron, Shell Make Stunning Venezuela Move as Iran Crisis Deepens
Chevron and Shell are nearing landmark production agreements in Venezuela, the first major deals since the January political upheaval. The contracts would expand Chevron’s Petropiar project into the Ayacucho 8 block and give Shell access to the Carito and Pirital fields...
Iran Attacks Hint at Sixth Shock, but Prices Modest
"This month’s attacks on Iran point to a sixth global energy supply shock, but the rise in crude oil prices to date does not represent a shock of the magnitude seen in earlier episodes. At $100bbl, Brent crude is less...
Oil Shock Boosts Dollar, Weakens Euro and Asian Currencies
I don’t know how much clearer I could have been in the latest roundup. 1) the price of oil doubled in a week and the Hormuz closure is 100x works for European and Asian markets. Therefore as long as it...
Oil Price Manipulation, an Unrecognized Stratagem and an Unhinged Plan
Governments are scrambling to curb soaring oil prices after Iran’s closure of the Strait of Hormuz cut roughly 20% of global supply. The International Energy Agency authorized a historic release of 400 million barrels from strategic reserves, equivalent to about 20...
Gas Prices Surge 23% Since War Began
The @wsj on one of the most sensitive prices across the economic, political and social landscape: “Average regular gasoline prices nationally were around $3.68 a gallon on Saturday, according to AAA, a 23% increase from before the war started at the...
Juba Officials Press Oil Producers for $2.5bn Amid Accountability Queries
South Sudan officials have sought more than $2.5 billion in upfront payments from CNPC and ONGC, proposing repayment over 54 months via future crude sales. The request comes as the petroleum ministry operates without a political head amid legal battles involving...
Oil Prices Swing Wildly on Political Hype, Not Trends
Last Sunday night, after being hugely complacent, the market was panicking and Brent briefly went to $120. But then Trump said war would be over soon and it fell back to $80. Oil isn't a one way trip here. There's...
Backup Generator Proves Worth During Repeated Power Outages
Two wind storms in three days. We only had power back 24 hours before we lost it again. My Generac sure has paid for itself.
Adani Power Bags 1600 MW Power Supply Contract From MSEDCL
Adani Power Ltd received a Letter of Award from Maharashtra State Electricity Distribution Company Ltd for a 1,600 MW power supply under a 25‑year agreement, with delivery slated for FY 2030‑31. The company won the bid as the lowest‑tariff provider, offering ₹5.30...
This Tweet Still Stands—Math on Carbon Pricing Unsettled
If you're placing bets on who is getting the math correct on carbon pricing, may I remind you that this tweet is still posted.
Misapplied Carbon Price Reveals Year‑long Calculation Error
Show your work, Sylvain. When you get to the part where you applied the $110/t carbon price to combustion emissions from diesel fuel, you'll have found your mistake. I really hope you'll spell it out so everyone can see that...
Centre Identifying Sites in J&K for New Hydropower Projects, Says Khattar
India's central government is actively scouting locations in Jammu and Kashmir for new hydropower plants, while reviving three to four stalled projects. Existing stations are undergoing desilting to boost reservoir capacity. Parallel studies are evaluating water‑ diversion corridors that could...
IEA vs Market: Hormuz Closure Impact Dispute
Iran's supreme leader says the Strait of Hormuz should remain closed. Tankers are burning near Basra. The market is treating this like a temporary disruption. The IEA is treating it like a structural one. Someone is wrong. https://t.co/VEZoi3Wz44
Linear Carbon Pricing Assumes Nonexistent Combustion Tax
This is going to be fun. Spoiler: the only way you get a linear relationship from 2023-26 is if you assume the carbon price applies to combustion emissions consistently over that period. Carbon price hasn't applied to combustion emissions since...
Crude Oil's 48% Surge Marks Second‑Largest 2‑Week Jump
Crude Oil Futures started trading in 1983. The 48% spike over the past 2 weeks was the 2nd biggest 2-week % increase in history. From $67/barrel to $99/barrel... Video: https://t.co/P29a0c5vMR
Red Sea Swarms with Tankers as Hormuz Remains Closed
MAP OF THE DAY: While the Strait of Hormuz remains largely closed (other than a few tankers, notably from India), the Red Sea is witnessing the arrival of an oil tanker armada to the Saudi terminals there. (Tracking via @TheTerminal) (Blue...
Fujairah Resumes Oil Loadings, Prices Set to Rise
UAE's Fujairah resumes oil loadings after attack, sources say. Oil is still expected to open higher when trading resumes tonight https://t.co/PPrPe2zMLy
Texans Pay 23% More Electricity Despite Lower Rates
Why do Texans pay 23% more yearly for electricity than Californians although the price of electricity in California is over twice that in Texas? https://t.co/JGaEoLb0aa https://t.co/eQRqKA42vz
Goldman Sees 25% US Recession Risk as Oil Hits $100
Goldman just raised US recession probability to 25%. Oxford Economics says $140 oil triggers recession in the eurozone, UK, and Japan. Brent is at $100 and the Strait of Hormuz is still closed. https://t.co/7yjIA43hkG
Australia Seeks Foreign Gas Investment Amid Middle East Turmoil
Australia is lobbying for more overseas investment in its gas resources as the Middle East conflict riles energy markets 🇦🇺💰 https://t.co/GpZPpkrjwB https://t.co/pVWyatVjys
Cargo Ships Revive Wind Power for Sustainable Shipping
Wind Power Returns: Cargo Ships Harness the Breeze Once Again by @QuantumTech_X #Sustainability #RenewableEnergy #CleanEnergy https://t.co/l5I1nuSoYx
Industrial Carbon Price Doesn't Raise Pump Diesel Cost
The industrial carbon price doesn't apply to diesel at the pump. If you think it adds 30c/l to the cost of production and refining (where it actually applies), you simply have no idea about the emissions profile of a litre...
Trucking Excluded From Industrial Carbon Pricing, Not Covered
Has he really been writing on this for a year thinking that trucking is covered by the industrial carbon pricing regime? They're not. Large, point source facilities are covered and that does not include trucks nor does it include most...
Quebec Taxes Diesel, Federal Carbon Price Spares Truckers
Quebec's carbon price applies to diesel fuel. The federal carbon price does not. Truckers, from the perspective of carbon pricing, were consumers. The carbon price for consumers was zero-rated a year ago.
IEA Sets Immediate Oil Release for Asia, Delays Europe, America
IEA has provided an update on the emergency oil stock release, with details on timing, regional split, and crude/product split. Asia stocks will be released immediately. Europe / America only at the of March. Still missing is the flow rate, however....
Oil Types Matched with Suppliers and Buyers Revealed
Everyone is talking about energy and oil. Here is matching oil type, supplier and buyer as illustrated. More featured on today's Chartbook Top Links in the comment below. https://t.co/9AaIiv57Qe
IEA Nations Confirm Massive Oil Release, Need Hormuz Opening
IEA countries have now confirmed their contributions to our largest ever oil stock release This brings unprecedented additional volumes of oil to the market from 16 March onward. However, opening the Strait of Hormuz is vital for a return to stable...
Europe Spent €800bn on Fossil Subsidies; Clean Energy Needed
Here we are again. In 2022–23 Europe spent €800bn subsidising fossil fuels to keep energy bills down. Imported fossil fuels mean volatile prices. The real solution is not new suppliers but a shift to clean energy. https://t.co/c6n2Q03PO1
Air
Air-based photovoltaic-thermal system can achieve significant energy savings in buildings #energysky -- via pv magazine global: https://t.co/8Kr4yYWSUZ https://t.co/g2KHuOb4Q1
Oil Shock Resilience Masks Sectoral Strain on Airlines, Farms, Autos
The WSJ reports: "The U.S. economy is less exposed to oil shocks today than in prior decades." But, today’s economy shows strain in airlines, farms, autos. Airlines face soaring fuel costs. Farmers face higher fertilizer prices. Rising gas prices threaten US autos. https://t.co/bOpYCs0pCD
Trump's War Centers on Oil Control, Ignoring Climate Costs
The central focus of The Trump War being oil access and delivery and control against this backdrop of climate impacts from fossil fuels…
Whale Takes $4.77M Oil Long at 10x Leverage
A whale has opened a $4,771,000 Oil long position with 10x leverage. Liquidation Price: $97.4 https://t.co/8OPXJ2x8ho
US Oil Exports Could Spark Overwhelming Ban Demand
I’m really concerned that when people take this one step further and learn that the US is actually selling oil to other countries that the public’s demand for an export ban will become overwhelming.
AI Speeds Real‑time Generator Interconnection Cost Studies
We have the technology to implement this improvement over the generator interconnection process in many ISOs. Study cost can be accelerated and should be put into a real-time posture using AI.