Today's Energy Pulse
Scania pilots vehicle‑to‑grid charging for heavy‑duty electric trucks
Scania demonstrated one of the first vehicle‑to‑grid (V2G) systems for heavy‑duty electric trucks using the Megawatt Charging System (MCS). The pilot showed bi‑directional power flow, letting trucks feed stored electricity back to the grid while parked at depots. Real‑time communication between the truck, charger and energy‑management platform enabled dynamic charging and discharging.
Also developing:
BofA Raises Its Price Target on Permian Resources (PR) to $22
Bank of America raised its price target for Permian Resources (PR) to $22 from $20 on April 27, keeping a neutral rating. Scotiabank earlier lifted its target to $25 and maintained an outperform stance, while KeyBanc initiated coverage with an overweight view and a $25 target. The upgrades come amid a market shaped by de‑escalation efforts, geopolitical flare‑ups, and elevated oil‑price risks. Analysts cite a stronger balance sheet and undervalued medium‑term oil futures as catalysts for improved earnings potential.
SatVu’s New HotSat-2 Satellite Captures Cuban Attempts At Oil Refining
SatVu announced that its HotSat‑2 satellite has achieved first‑light, delivering high‑resolution thermal infrared imagery of three strategic energy sites: Jamnagar refinery in India, Gorgon LNG plant in Australia, and the Hermanos Díaz refinery in Cuba. The satellite detected Cuba’s attempt to...
Competitive Markets Are Best for Virtual Power Plants, Consumers
Virtual power plants (VPPs) thrive when third‑party providers compete, delivering lower costs and grid resilience. Successful VPPs in Puerto Rico and California have scaled to hundreds of megawatts, showing tangible reliability benefits. A Brattle Group analysis estimates nationwide VPP deployment...
A Quieter Hurricane Season This Year Could Still Pummel the US Power Grid
Meteorologists project about 13 named Atlantic storms this season, slightly below average, but BloombergNEF research shows storm count alone doesn’t predict power‑grid damage. Hurricane Helene in September 2024 knocked out 9,138 transmission miles and left 7 million customers without power, yet its...
Alberta Carbon Price Debate Ignores National Backstop and Provincial Disparities
So much talk about carbon prices in Alberta. But, two reminders: 1) we are supposed to have a national carbon pricing backstop, not a federal backstop for Alberta carbon prices alone; 2) Quebec credits are trading at around $40/t as...
Iran's Oil Restrictions Threaten Prices, Risk War
This is an excellent point. Iran is disincentivized to allow all traffic because it can push up oil prices. This cannot be allowed. Actual wars have been fought over issues like this.
Hormuz Risk Is Redrawing the Supply Chain Geography of Energy
Geopolitical tension in the Strait of Hormuz is prompting a strategic shift in global energy supply chains. Japan has opened talks with the UAE to increase crude imports and create joint stockpiles, while the UAE’s Fujairah port offers an alternative...
New GHG Rules Killing Canadian Pipelines, Conservatives Promise Repeal
The "arbitrary new rules designed to kill the project" (assess GHGs) have been applied to three pipelines. Two are built. The other, Energy East, was cancelled in favour of Keystone XL for which the required GHG analysis which was new...
India’s Heavy Sour Crude Imports at 50% of Capacity
🇮🇳Key context: India’s current heavy sour crude imports are running at roughly half of its processing capacity.
USA Considers Tapping Oil Under Military Bases to Refill SPR
The Trump administration is evaluating the possibility of drilling for oil beneath U.S. military bases and other Department of War sites to help replenish the Strategic Petroleum Reserve (SPR), which is projected to hit its lowest level since 1982. The...
Shell CEO Warns Prolonged Recovery After Hormuz Closure
Shell CEO Wael Sawan: "The journey back [from the closure of the Strait of Hormuz" will be a long one."
API Weekly Report Shows Draws in Crude, Distillate, Gasoline
The American Petroleum Institute Weekly Statistical Bulletin is out showing draws against crude stocks, distillate and gasoline stocks. https://t.co/fp4XONEkmr
Citi Sees Oil ‘Moving Around Like Crazy’ in Hope-and-Fear Dance
Citigroup’s global head of commodities research Max Layton warned that oil prices will remain wildly volatile until a clear outcome emerges from the ongoing US‑Iran conflict. He highlighted the difficulty of predicting Iran’s actions under its new leadership, saying markets...
Exelon Lowers Utility Spending to Ease Electric Affordability Issues
Exelon announced a $350 million reduction in its 2024 capital spending plan, redirecting funds toward transmission infrastructure to help keep electric bills low. The utility will increase transmission investment by $1.5 billion, targeting a 16% annual growth in the transmission rate base...
Jan ’27 Gas Futures Predict $3.30 Pump Price
Jan '27 gasoline futures are a dollar below the prompt... implying a AAA average pump price near $3.30 by late this year https://t.co/eTlTFWg6h2
Saudi Seeks Op Freedom Pause to Safeguard Oil
This makes so much more sense then what was reported last night as to why Saudi Arabia wanted Op Freedom suspended. Oil is everything for Saudi Arabia & after Fujairah was hit + Trump's "oh, that wasn't a ceasefire violation"...
Why Energy Storage Is Moving Beyond the Capex Debate
The energy‑storage debate is shifting from a narrow focus on upfront capital costs to a broader assessment of lifetime economics. While early projects relied on capex as a viability proxy, today investors and operators emphasize operating reliability, degradation, and risk...
Marinakis Gas Carrier Firm CCEC Speeds up Newbuild Deliveries in Market Boom
Capital Clean Energy Carriers (CCEC), owned by Evangelos Marinakis, announced it will accelerate the delivery of three of its nine LNG carriers. The firm arranged with Hyundai Samho Heavy Industries to receive the vessels ahead of schedule. This move aims...
Thistle Submits Bowdun Offshore Application
Thistle Wind Partners has lodged the offshore consent application for its 1 GW Bowdun Offshore Wind Farm with Scotland’s Marine Directorate. The project is designed to generate enough electricity to power over 1.2 million homes and will create more than 700 construction...
Oil Falls Below $100 on Peace Deal Hopes
Oil prices slumped on Thursday, with Brent crude falling 4.3% to $96.96 a barrel and U.S. West Texas Intermediate dropping 4.7% to $90.64. The decline pushed Brent below the psychologically important $100 threshold, driven by fresh optimism that a U.S.-Iran...
Carlyle and Diversified Energy Seal $1.2 Billion Deal for Anadarko Basin Assets
The Carlyle Group and Diversified Energy Company have agreed to acquire Camino Natural Resources' Anadarko basin portfolio for roughly $1.2 billion. The transaction adds about 51,000 barrels of oil‑equivalent per day and 1,478 Bcfe of proved reserves, and will close in Q3 2026...
SEG Solar to Open Second Solar Panel Factory in Texas
SEG Solar is investing $200 million to build a 4‑GW solar module assembly plant in Houston, joining its existing 2‑GW facility and raising U.S. capacity to 6 GW. The 500,000‑square‑foot factory will start production in Q3 2026 and create about 800 jobs. The...
Equinix Unveils 2025 Sustainability Report Covering 280 Data Centres
Equinix released its 2025 Sustainability Report, outlining how its Future First strategy will drive renewable energy procurement, water‑saving designs and emissions cuts across more than 280 data centres in 33 countries. The firm now sources 96% of retail IBX power...
Airlines Are Grappling with Dwindling Supplies of Jet Fuel
Airlines are confronting a sharp decline in jet‑fuel availability after the near‑total shutdown of the Strait of Hormuz, a key conduit for both crude oil and refined products. The blockage has halted the export of Gulf‑sourced jet fuel, driving prices...
Poland Keeps Rate at 3.75% as Iran War Fuels Energy‑Price Inflation
Poland's Monetary Policy Council left the benchmark interest rate unchanged at 3.75% for a second consecutive month, matching analysts' expectations. The decision was driven by a resurgence of domestic inflation as the Iran war pushes energy prices higher, while the...
Wind Giants Vestas and Ørsted Beat Forecasts as Iran War Fuels Clean‑Tech Surge
Danish turbine maker Vestas and utility Ørsted posted first‑quarter profit beats, attributing the upside to a surge in offshore wind orders sparked by the Iran war. The earnings surprise underscores how geopolitical risk is reshaping Europe’s clean‑energy roadmap.
Ksi Lisims LNG in ‘Advanced’ Discussions for More Offtakers as It Targets FID by Year’s End
The Ksi Lisims LNG project in British Columbia has secured all construction permits and begun building its feed‑gas infrastructure. So far it has signed offtake contracts for 4 million tonnes per year and is now in advanced talks with additional customers. The...
Strait Of Hormuz: Spin and Win?
The United States and Iran recently announced a limited disengagement and a push to normalize civilian shipping through the Strait of Hormuz, coinciding with the May 1 expiration of the Pentagon’s 60‑day war‑powers authority. After declaring Operation Epic Fury complete, the...
EOG Profit Exceeds Expectations
EOG Resources reported adjusted net income of $1.83 billion for Q1 2026, surpassing the Zacks consensus of $3.07 per share with a $3.41 EPS beat. Revenue rose to $6.92 billion as crude and condensate output climbed to 548,500 bpd, while the company kept its...
Discussing Oil, Iran, and Hormuz Tensions on Bloomberg Radio
Well, what is going on with #oil? #Iran? #StraitofHormuz? I'll be on @BloombergRadio to discuss in a few minutes. #oott @ACGlobalEnergy https://t.co/2nAmjfl1Yf
Global LPG Conversations: From Shock to Softness: Why the European Propane Market Eased
In this episode, Argus editors Peter Wilton and Efkaris Skourou examine why European propane prices have softened despite a global supply shock caused by the war in Ukraine. They explain that steady U.S. LPG imports into Northwest Europe, driven by...
Germany Opens €5bn Subsidy Scheme to Help Industry Electrify
Germany has launched the second round of its Carbon Contracts for Difference (CCfD) scheme, allocating €5 bn ($5.9 bn) to subsidise industrial electrification, hydrogen use and carbon capture. The programme pays the gap between EU ETS carbon prices and a pre‑set strike...
Seatrium and ABS Join Forces to Advance Maritime and Offshore Energy Spheres
The American Bureau of Shipping (ABS) and Seatrium Technology and Innovation have signed a memorandum of understanding to accelerate innovation, regulatory alignment, and sustainable technologies in maritime and offshore energy. The partnership will facilitate knowledge exchange, technical collaboration, and support...
Geopolitical Tensions Push Oil Trading Higher in Q1, easyMarkets Reports
Geopolitical tensions in early 2026 drove a sharp rise in crude‑oil trading on easyMarkets, making oil one of the fastest‑growing assets despite overall volume moderation after a hectic 2025. Gold stayed the platform’s most traded instrument, though activity fell about...
US Gas Prices Surge 53% to 30‑Year High
Gas prices in the US have moved up to $4.56 per gallon, their highest level since July 2022. The 53% spike over the last 10 weeks ($2.98/gallon to $4.56/gallon) is the biggest we've seen in the past 30 years. https://t.co/TTvJBJvcVF
Nordex Celebrates 10 Years of Integration with Acciona Windpower - Europe’s Wind Industry Calls for Stronger Protection of Strategic Technologies
Nordex marked the ten‑year anniversary of its Acciona Windpower integration, showcasing its growth to over 64 GW of installed capacity in more than 40 markets and FY 2025 revenue of €7.6 bn (about $8.3 bn). Executives and European policymakers, including former Vice‑Chancellor Robert Habeck, used the...
Oil Prices Slide on Hopes for Renewed U.S.-Iran Peace Talks
Oil prices fell on Thursday after President Trump announced that the United States had held “very good talks” with Iran, reviving hopes for renewed peace negotiations. The market reaction lifted U.S. equities while gasoline prices continued to rise, with regional...
China Vows Action After EU Cuts Funding for Green Projects Using Chinese Inverters
The European Commission announced a ban on EU funding for clean‑energy projects that use Chinese‑made solar inverters, citing security concerns. Beijing denounced the move as unfair, labeling China a "high‑risk" country without evidence, and warned of retaliatory measures. Chinese firms...
![[COPY] Does the Market Need OPEC/OPEC+?](/cdn-cgi/image/width=1200,quality=75,format=auto,fit=cover/https://substackcdn.com/image/fetch/$s_!U0yT!,w_256,c_limit,f_auto,q_auto:good,fl_progressive:steep/https%3A%2F%2Fbucketeer-e05bbc84-baa3-437e-9518-adb32be77984.s3.amazonaws.com%2Fpublic%2Fimages%2Ff871be01-f761-4d21-9cd5-ffe117586429_188x188.png)
[COPY] Does the Market Need OPEC/OPEC+?
The article questions OPEC’s relevance after the United Arab Emirates left the cartel, arguing that OPEC’s governance differs from classic commodity cartels. It highlights the oil sector’s capital‑intensive nature, where sunk costs dominate and operating expenses are low. During prolonged...
DIS Expects Months of Tailwinds for Tankers if Strait of Hormuz Re-Opens
Italian tanker owner d’Amico International Shipping (DIS) says a rapid de‑escalation of the US‑Iran conflict and the reopening of the Strait of Hormuz will create months of tailwinds for its product tanker fleet. The CEO highlighted that the war has...
Climate Campaigners Attack Shell over ‘Windfall’ Profits From Iran War
Shell reported first‑quarter earnings of $6.9 bn (£5 bn, about $6.35 bn), a 115% jump that outpaced analysts’ $6.4 bn forecast. The surge stemmed from oil prices climbing from $61 to $119 a barrel as the Iran‑US conflict disrupted the Strait of Hormuz. Shell...
Rezolv Energy Launches 225MW Solar Project in Bulgaria
Rezolv Energy has commissioned the 225 MW St. George solar park in Silistra, Bulgaria, marking its first large‑scale operational project. Built on the former Silistra airport, the 165‑hectare brownfield site hosts nearly 400,000 panels and a 90 MW/240 MWh battery storage system funded partly...
Bright Power Launches AI-Powered Energy Compliance and Carbon Forecasting Platform for Commercial Real Estate
Bright Power announced Bright Power AI, an AI‑driven platform that combines two new software tools—Predict and Navigate—to help multifamily real‑estate owners forecast carbon compliance, plan retrofits, and automate energy‑benchmarking reporting. Predict delivers emissions baselines, scenario modeling, and fine projections, while...
Oil Futures Drop Reflect Peace‑Deal Odds, Not Manipulation
Falling futures prices don't mean the paper market is manipulated. All the supply shortfall numbers at this point are well known. Markets are trading the length of the shortfall. Any headline that raises odds of a peace deal naturally pulls...
NANO Nuclear to Hold Second Quarter Business Update Webcast on May 14, 2026
NANO Nuclear Energy Inc. (NASDAQ:NNE) announced a second‑quarter fiscal 2026 business‑update webcast for Thursday, May 14, 2026 at 5:00 p.m. ET, coinciding with its upcoming Form 10‑Q filing covering the quarter ended March 31, 2026. The company highlighted progress on its KRONOS MMR™ high‑temperature...
Qcells to Manufacture Residential Battery System in Michigan
Qcells announced a partnership with contract manufacturer Jabil to produce its third‑generation residential energy‑storage system, the Q.HOME CORE G3, at Jabil’s Auburn Hills, Michigan plant. The LFP battery is domestic‑content‑eligible and is now commercially available for nationwide shipment. The storage...
Both Left and Right Are Deluding Themselves About the Scale of the Energy Crisis Britain Faces | Ewan Gibbs
Britain’s energy crisis stems from decades of privatization that stripped the state of control over oil, gas and refinery assets, leaving the country vulnerable to geopolitical shocks such as Russia’s war in Ukraine and the Gulf blockade. The loss of...
SOHAR Port and Freezone Launches Energy Efficiency Guideline
SOHAR Port and Freezone, together with Oman’s Ministry of Energy and Minerals, unveiled an Energy Efficiency Guideline for industrial buildings. The framework provides a step‑by‑step methodology to assess performance, pinpoint inefficiencies and implement upgrades across cooling, lighting, ventilation and water...
Asean May Involve Private Sector in Oil Stockpiling Framework - Johari Ghani
ASEAN is weighing a private‑sector‑driven oil stockpiling framework to bolster long‑term energy security across the bloc. Investment, Trade and Industry Minister Datuk Seri Johari Abdul Ghani said governments alone cannot execute the plan and suggested a pilot among three or...
Home Energy Upgrades You Can Apply for From SEAI
The Sustainable Energy Authority of Ireland (SEAI) is urging homeowners to start energy‑efficiency upgrades now, leveraging an expanded suite of government‑funded grants. In the first quarter of 2026, SEAI funded 12,300 home improvements and has already processed a record 25,000...