
JPMorgan flags $1 trillion U.S. power‑grid upgrade spend amid aging infrastructure
The bank warns that the U.S. grid, averaging nearly 60 years old, faces a national‑security risk and projects roughly $1 trillion in upgrades between 2026 and 2035, part of a $5.8 trillion global spend. Rising AI‑driven data‑center demand could add 100 GW of peak load by 2030, intensifying the upgrade need.
Also developing:
By the numbers: Oil majors secure $164M Alaska lease package

Australia’s tax framework allows gas exporters to retain a larger share of profits than most citizens expect. The system, crafted by the federal government, offers low corporate tax rates, generous depreciation allowances, and limited resource royalties. Critics argue the regime is intentionally lenient to lure foreign capital and sustain production. Recent scrutiny highlights the gap between public perception of fairness and the legal tax obligations of energy firms.

Snowy Hydro’s flagship Snowy 2.0 pumped‑hydro scheme, a 2,200 MW storage project, is projected to breach its $12 bn AUD (≈$7.9 bn USD) capex by fiscal 2026, with the work only 70% complete. The federal government has already supplied $5.98 bn AUD (≈$3.9 bn USD) in...

On Tuesday morning, oil futures trading surged dramatically as 734 contracts changed hands between 10:49 and 10:50 GMT, jumping to 2,168 contracts in the following minute—16 times the day’s average volume. Bloomberg valued the contracts traded in that 60‑second window at...

The U.S.-led war in Iran has sent oil prices soaring, pushing gasoline costs for a heavy‑duty pickup in Houston from about $70 to $90 per tank. Phrostibe Italian Ice, a family‑run mobile vendor, is feeling the squeeze, redesigning delivery routes,...

Economists note February CPI showed modest food price shifts—beef remains high while chicken and eggs fell. A new conflict with Iran has driven Texas gasoline up 90 cents, a 38% jump, foreshadowing higher March CPI. The war threatens the Strait...

British Chambers of Commerce chief Shevaun Haviland will urge UK ministers to keep an energy‑bailout option on the table as the Iran‑Israel conflict drives oil prices higher, warning that disrupted shipping lanes will lift business energy costs. She stresses calm,...

Asian economies from India to South Korea are feeling a double squeeze as oil prices spike and the U.S. dollar reaches its strongest level against regional currencies in two decades. The war in the Middle East has choked the Strait...
At CERA Week in Houston, Energy Secretary Jennifer Granholm told U.S. oil executives that the ongoing Iran‑Israel conflict is likely to keep crude prices elevated, creating a favorable market for American shale producers. The war has already pushed Brent above $90...

Venezuela’s oil production climbed to roughly 1.1 million barrels per day in March, up from about 942,000 bpd in January. The rebound reflects easing U.S. sanctions, better access to diluents and a modest return of export flows, bringing output back to pre‑disruption...
If you're running Indonesia or Nepal and BYD is offering you 100,000 EVs, you're going to buy 100,000 EVs. The critical minerals concentration argument is real. But solar panels today use one-tenth the silver they did ten years ago. The EV...

Cairn Oil & Gas, the Vedanta‑controlled unit, aims to quadruple its daily output to roughly one million barrels per day over the next decade. To achieve this, the company plans to spend up to $5 billion on U.S. oilfield contractors who...

Brent crude: - Flat price (white) - Prompt futures timespread (blue) - Dated-to-Frontline (DFL) spread (orange) All off their highs, but DFLs are both closest to the "real" spot market and they're trading nearest the high of the lot. In relative terms DFLs didn't get...
Canada Doesn’t Need New Pipelines, Despite Oil Shock Economist Werner Antweiler says that a short-term oil shock doesn't overcome the many reasons why Asia won't be a market for Alberta heavy sour crude. #abpoli #ableg https://youtu.be/GUwULJF2jfc

Oil markets have been jolted by the 2026 Iran war, with prices swinging sharply on each new development. The volatility makes pure‑play energy exposure risky for investors and advisors. FlexShares Morningstar Global Upstream Natural Resources ETF (GUNR) offers a diversified...
A sudden $580 million rush of oil futures contracts hit the market minutes before President Donald Trump announced a five‑day cease‑fire on attacks against Iran, prompting the CFTC to launch an insider‑trading investigation. The spike coincided with a 10% drop in...
Interesting debate here between JP Morgan's Michael Cembalest and @JigarShahDC on the latest Open Circuit episode. Will the global natural gas crunch accelerate solar + batteries in emerging markets that are considering deeper investments in LNG? Michael argues that comparisons people...
Google has locked in 1 GW of demand‑response capacity across its U.S. data center portfolio, allowing the tech giant to cut or shift electricity use during peak periods. The agreement, forged with multiple utilities, turns the data centers into flexible grid...
President Ferdinand Marcos Jr. placed the Philippines under a one‑year national energy emergency and announced a plan to purchase one million barrels of oil to extend the country's fuel stock to about 45 days. The move follows a sharp price...
Hanwha Power Systems and U.S.-based PSM have combined under the new brand Hanwha Power, creating a global compressor and gas turbine business aimed at power generation, data centers and low‑carbon projects. The merger expands Hanwha's go‑to‑market reach and opens cross‑sell...

Germany announced an extra 12 GW of on‑shore wind capacity to be tendered under its Climate Action Programme 2026, roughly 2,000 new turbines. The addition is projected to replace the output of 15–20 gas‑fired plants, cut natural‑gas imports by about $1 billion annually...
The U.S. military strike on Iran triggered a sharp rise in global oil prices, prompting a 278% surge in Australian Google searches for electric vehicles on March 23 versus late February. Historical patterns show that higher fuel costs consistently boost EV...
Researchers at Kyushu University and JGU Mainz have created a molybdenum‑based spin‑flip emitter that harvests singlet‑fission triplet excitons with a quantum yield of about 130%. By tuning the metal complex’s energy levels, they suppressed competing Förster resonance energy transfer, allowing...
MIT researchers have uncovered that metallic dendrites in solid‑state batteries grow under far lower mechanical stress than previously believed, with stress levels as low as 25% of expected values. Using birefringence microscopy, they directly measured stress around actively forming dendrites...

This volatile oil price remains at the mercy of a flood of (often-contradictory) headlines emanating from the three warring parties — US, Iran, and Israel. #economy #oil #markets #energy #middleeastwar
Oil prices up 20% in weeks. 1 day alone added 9%. In 1973, a supply shock like this wiped 45% off the stock market and sent gold up over 2000%. I have spent 55 years building an alternative framework for understanding how...
Natural gas futures rose on Wednesday after earlier declines, driven by heightened geopolitical risk following Tehran's rejection of a U.S. peace proposal. The market also absorbed bullish signals from rising LNG feed‑gas demand and expectations of tighter storage balances. Despite...
The Trump Administration is paying a billion dollars to stop a massive energy project in the middle of an energy crisis. Why? Because physics is Woke and real men burn stuff. Great piece by Paul Krugman. https://open.substack.com/pub/paulkrugman/p/the-war-on-wind-continues?r=59ujy&utm_medium=ios

Gas shortfall fears pushed out again as grid battery boom and electrification take fresh bite from demand #energysky -- via Renew Economy: https://t.co/SIHv5tanVT https://t.co/F4npGu5RMq

Nine big batteries totalling 2 gigawatts shortlisted for payments to maintain “heartbeat” of the grid #energysky -- via Renew Economy: https://t.co/slnOMLGd5j https://t.co/Ejwlk6zP7n
ERCOT after RTC+B: How real-time optimisation is reshaping battery storage economics #energysky -- via Energy Storage News: https://t.co/0kTqm7fk8G

Will U.S. diesel and jet fuel inventories decline to historic lows? US Weekly Oil Data: US Inventories, Exports, Imports, and Refinery Utilization (12 Charts). Link: https://t.co/9fNzVH20GN

The Philippines have declared a NATIONAL STATE OF EMERGENCY. The Philippines imports 98% of oil from the gulf and gas prices have DOUBLED since the breakout of the Iran war. THE PHILIPPINES SHOULD SEND THE BILL FOR DAMAGES TO TRUMP AND NETANYAHU. https://t.co/bNdU01nHJI

Delighted to meet 🇯🇵’s Minister of Economy, Trade & Industry Ryosei Akazawa @ryosei_akazawa We spoke about how the Middle East war is impacting oil, gas & other commodities, with particular challenges for Asia – and how we can work together...

Aramco, the largest oil company in the world, earned $93 bn last year. More on this in the Chartbook Top Links. Source: How They Make Money https://t.co/DnYAwzwvOQ
French developer seeks approval for Australia’s largest solar BESS #energysky -- via pv magazine global: https://t.co/2TN0iDGvRF
30% of world's electricity came from WindWaterSolar 2024 8.11% wind, 14.33% hydro, 0.29% geo, 6.93% solar 16.2% of world pop has avg WWS generation 73% WWS by continent: S Am 57.8% Oceania 57.8 Europe 40.24 N Am 28.04 Asia 26.9 Africa 24.4 MidEast 4.9 https://t.co/KP3uii4BqI

@grok There are about 20 LNG cargoes stranded in the Gulf because of the Hormuz crisis, explain to my followers how they lose LNG due to evaporation.
I said last June-July: China got the message, Hormuz Strait will be closed, and started preparing for it. Read details below.
Crusoe taps not one but two novel battery technologies for AI buildout #energysky -- via Canary Media: https://t.co/hWHxKb2w9Z
My appearance today @OnPointRadio with @MeghnaWBUR talking about the Strait of Hormuz. On Point: https://t.co/X1Zkk3Qebt Spotify: https://t.co/ZpzVC27zml Apple: https://t.co/4ahkNZRGed
US MIDWEST ROUND-UP: EDP, Linea and LRE advance solar PV projects #energysky -- via pv-tech: https://t.co/pzFIf81vTU
Excellent analysis covering europe's energy suicide including nuclear retreat and fracking bans, exporting carbon intensive industries. It's hard to turn around once the expertise is gone, see France attempt to build a new nuclear plant.
My BNN Bloomberg conversation from earlier today for those who missed it. Talked about the state and trajectory of the Iran War, the growing physical-sentiment disconnect in oil markets, and how nothing really matters unless traffic through the Strait of Hormuz...
2D carbon selenide offers route to competitive sodium-ion batteries #energysky -- via pv magazine global: https://t.co/deTW0kC8Qd

There is still a world of difference between the 2021/2022 energy crisis and the current one. https://t.co/Uti2V6LX6d
Doubling down on its strikes in the Baltic, Ukraine has launched an even more impressive and successful strike on Ust-Luga and other export facilities. Full analysis available exclusively for Analyst Tier members on Patreon ➡️ https://t.co/Vp7XCb4HTR #russiaukrainewar #energy https://t.co/nwoDcCn3T7
Global PV equipment market to grow over 2.5 times by 2035 – VDMA #energysky -- via pv-tech: https://t.co/YKvnSHtcFQ
National average gas prices are now within cents of the pivotal $4-per-gallon threshold, which many elected officials would prefer to avoid in a midterm election year. https://t.co/Ow36WJehg7
What’s next for Ohio’s former green steel project? More coal, it seems. #energysky -- via Canary Media: https://t.co/d2dQ9i4G6T
Advait Greenergy opens 30 MW electrolyzer assembly facility in India #energysky -- via pv magazine global: https://t.co/JI7ycDKt5B