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Every morning
Weekly
Tuesday recap
Oil Prices Could Surge Past $150 as Hormuz Shipping Constraints Deepen
Kpler analysts warn that Brent crude may climb above $150 per barrel if ship traffic through the Strait of Hormuz stays limited during the difficult phase of the US‑Iran ceasefire. The benchmark is currently trading near $94 per barrel, reflecting tentative optimism that the ceasefire could normalize flows. Minimal vessel transits are seen as the key trigger for the price spike.
Also developing:
By the numbers: Verbund raises $818M via inaugural European Green Bond
Fluor announced an agreement with X‑Energy to provide Front‑End Loading Stage 2 services for a DOE‑backed small‑modular reactor deployment at Dow’s UCC Seadrift Operations in Texas. The contract covers strategic planning, feasibility studies and cost‑risk mitigation for four 80‑MW reactors, underscoring Fluor’s push into next‑generation nuclear.
Magic Pen Bio, a Hefei‑based nanotech startup, announced the creation of 20 engineered plant species that emit light without electricity. Founder Li Renhan says the plants need only water and fertilizer, positioning them as a low‑cost alternative for urban illumination...
"Once it's over, things don't go back to normal." The LNG facility in Qatar alone will take 3 to 5 years to rebuild Fertilizer, helium, chip supply chains are all disrupted The strait is a chokehold with no alternative route. This isn't transitory. 🎙️...
GE Vernova’s 2024 spin‑off and the meteoric rise of its Indian transmission‑and‑distribution arm have positioned the company as a premier B2B supplier to utilities. A 2,800% stock gain, a 56% YoY revenue jump and a ₹14 trillion order backlog underscore the...
I’ve been arguing for a while now that the non-petrostates will shift hard to renewable energy, in the interest of national sovereignty. I think it’s time the Democrats start making the same argument. When is the last time we were in...
The Iran‑Iran war and the blockade of the Strait of Hormuz have halted roughly 20% of global oil and LNG flows, driving crude toward $100 a barrel and pushing U.S. gasoline above $4 per gallon. Nations that have already built...
India’s Power Ministry has postponed scheduled maintenance at thermal power plants, freeing roughly 10,000 MW of capacity for the April‑June 2026 summer peak. The move is designed to offset an estimated 8,000 MW shortfall from gas‑based generators strained by West Asian supply...
The Tony Blair Institute released a new report urging a "policy reset" for the UK’s energy strategy, emphasizing increased North Sea oil and gas drilling alongside accelerated electrification. The think‑tank argues that greater domestic fossil production will boost resilience against...
When it comes to the energy transition I'm a glass half full person. I know: plenty of people would say that's naive. They point to the scale of the challenge. They point to vested interests. They point to hard-to-abate sectors. They're not...
The Trump administration is poised to extend a 30‑day waiver that lets countries purchase sanctioned Russian oil at sea, a measure that currently expires on April 11. The waiver would free roughly 100 million barrels—about one day of global output—as oil prices...
Crisil Intelligence forecasts Indian power demand to expand 5.5‑6.5% year‑on‑year in FY27, reaching 1,815‑1,825 billion units. The surge is attributed to El Nino‑driven temperature rises that will lift cooling loads, alongside steady economic growth and a low demand base. In FY26, overall...
Airports Council International Europe warned EU officials that prolonged closure of the Strait of Hormuz could trigger jet‑fuel shortages across the continent. The warning follows President Trump’s cease‑fire pact with Iran, yet tanker traffic remains well below pre‑conflict volumes. The...
State-owned CECEP issued 29.5 million convertible bonds, raising ¥2.95 bn ($432 million) to fund six photovoltaic plants and storage projects totaling 900 MW. The total project outlay is about ¥4.57 bn ($670 million). Meanwhile, China’s polysilicon market saw its seventh consecutive weekly price drop, with N‑type...
Nordex Group secured an 80 MW wind farm contract in Spain, delivering 13 N175/6.X turbines with 112 m hub heights. The deal includes a 20‑year premium service agreement and an optional 40 MW expansion, raising potential capacity to 120 MW. Construction is slated for...
Iran has begun charging oil tankers transiting the Strait of Hormuz a toll of roughly $1 per barrel payable in Bitcoin or stablecoins, turning the chokepoint into a crypto‑enabled revenue stream. The payments are invoiced by email and settled on‑chain...
The global transformer shortage, exacerbated by COVID‑induced supply‑chain disruptions, has pushed lead times for high‑voltage units to three‑plus years and driven up costs. Startups are moving in, with Ayr Energy standardizing component designs and leveraging under‑utilized Indian factories to slash...
A new California Earthquake Authority report reveals that Pacific Gas & Electric’s wildfire surcharge adds $41 to the average residential bill—about 19% of a typical PG&E invoice. Similar wildfire‑related fees make up 17% of Southern California Edison and 14% of San...
Turkey’s deep‑sea drilling vessel Cagri Bey arrived off Mogadishu to launch the country’s first overseas deep‑sea oil exploration. The planned well will reach 7,500 metres, placing it among the world’s deepest offshore drills. Energy Minister Alparslan Bayraktar hailed the project...
India’s LPG consumption plunged 15.7% in March to 2.38 million tonnes, the lowest level in 21 months, as the West Asia conflict disrupted imports that transit the Strait of Hormuz. At the same time, diesel and petrol demand surged to record...
Crude oil prices have lingered near $100 a barrel because the Strait of Hormuz remains a geopolitical flashpoint. Analysts argue that successful diplomatic talks led by U.S. Vice President JD Vance could fully reopen the strait, stripping the risk premium...
Europe’s solar market in 2026 is being reshaped by three forces: the rise of colocated solar‑BESS projects, tightening EU regulations that demand full supply‑chain traceability, and a growing mismatch between localisation ambitions and China’s manufacturing dominance. Developers are turning to...
Indian refiners will keep buying Russian crude oil after the U.S. 30‑day sanctions exemption expires on April 11, driven by ongoing supply uncertainty from West Asia and damaged regional infrastructure. West Asian shipments, which once supplied about half of India’s crude,...
The California Public Utilities Commission (CPUC) issued a proposed decision rejecting the solar‑industry‑backed Net Value Billing Tariff (NVBT) for community‑solar projects and instead adopted an Avoided Cost Calculator (ACC) compensation model. The move also proposes consolidating existing programs, ending the...
Researchers from Berkeley Lab and the University of Massachusetts Amherst examined state‑level permitting for large‑scale solar and wind projects in 19 U.S. states. Of 460 projects, 365 reached a decision and 90% were approved, typically within about a year of...
Physical oil prices in the North Sea have surged to about $147 a barrel, creating a $50 premium over Brent futures that sit near $97. The gap reflects a scramble by European and Asian refiners to secure immediate supply amid...
European solar PV module prices climbed in March 2026, with most technologies up 4‑6% month‑on‑month and back‑contact modules posting a 10% jump, the steepest gain. TOPCon bifacial modules rose from €0.103/Wp (US$0.121) to €0.107/Wp (≈US$0.126), while monofacial TOPCon and full‑black...
Beyond Aero completed the first hydrogen‑electric manned flight in France and is targeting a certified BYA‑1 business jet with a 1,500 km range by 2030. CarbonTrac launched an AI‑driven platform that embeds real‑time carbon scores into UK grocery loyalty schemes, aiming...
India’s oil sector feels secure amid the West Asia war as Indian Oil Corporation (IOC) expands crude sourcing to 41 countries, up from 25, and diversifies LPG imports globally. IOC announced a commercial LPG quota increase to 70% of original...
Jackson County, Kansas is weighing a formal moratorium that would pause all new utility‑scale solar projects while a permanent regulatory framework is drafted. The proposal targets the 5,000‑acre, 500 MW Jeffrey Solar project by NextEra Energy Resources, which alone would dwarf...
JPMorgan Chase is providing a $600,000 grant to the Georgia Cleantech Innovation Hub (GACIH) to expand clean‑technology innovation and workforce development in Atlanta. The funding will be administered through Georgia Tech’s Partnership for Innovation Network and will support programs at...
Amorim Cork Solutions unveiled ETP058, a cork‑based engineered composite designed to manage thermal‑runaway events in electric‑vehicle and stationary‑energy‑storage battery packs. The material delivers a low thermal conductivity of 0.054 W/m·K and achieves a UL94 V‑0 flammability rating for samples thicker than...
Investor‑facing uranium coverage now leans on a familiar formula: structural supply deficit, reactor build‑out, energy‑security tailwinds and an inevitable "pinch point." The article argues that this narrative eclipses the hard question of which projects can actually obtain permits, financing and...
CHART OF THE DAY: The European natural gas crisis of 2022 vs the 2026 (so far) mini-shock. The chart starts in July (both for 2021 and 2025) and tracks prices over 2022 and YTD 2026. Of course, full caveat: the Persian...
Meyer‑Werft unveiled Project “Vision,” a concept for the world’s first fully‑battery‑electric cruise ship, targeting a 2031 launch. The 82,000‑GT vessel would carry 1,856 passengers and cut CO₂ emissions by roughly 95% compared with conventional ships. Battery packs from Norway’s Corvus...
Here's something to think about and chew on: The mass production shut-ins across the Gulf (~13 MMbpd) imply effectively negative crude prices West of Hormuz—otherwise they could and would still be selling to someone. But futures markets are "implying" (as far as...
Lyten, a U.S. battery maker, has obtained a key partial permit to begin construction of a battery‑cell factory in Heide, Germany, reviving a project once led by insolvent Swedish firm Northvolt. The plant will be scaled down to about 1,000...
This rise in natural gas for power consumption does several things that are economically and/or environmentally beneficial: 1) helps meet new demand from data centers, modern factories, O&G production, etc. 2) reduces gasoline consumption b/c of electric vehicles 3) displaces coal consumption...
*PEMEX SAYS OLMECA REFINERY IS SAFE, OPERATIONAL AFTER FIRE It was reported to have been a fire in petcoke storage. The number of people I saw being like "CoInCiDenCe?!" smh
THINK Gas unveiled a GIS‑enabled Integrated Network Availability platform that lets consumers instantly verify Piped Natural Gas (PNG) service in their area and submit applications online. The system promises to deliver approved connections within 30 days, while also capturing interest...
VIDEO COLUMN (2): The Hormuz question. What's happening in the world's most important oil and LNG chokepoint? Let me explain the situation in the strait, and how its shipping lines (and status) are changing, perhaps for ever. @Opinion #Hormuz #IranWar ...
While phys/spot crude $ HAS to reflect immediate supply/demand pressures, and the spread to future cargoes needs to reflect scarcity (backwardation) or surplus (contango), futures $ never NEED to converge—and can remain steeply below—to those same levels in the short/medium-term
GlobalData forecasts the worldwide steam and gas turbines market to reach $23.4 bn by 2030, driven by efficiency demands and stricter environmental rules. The Asia‑Pacific region will dominate, with gas turbine value projected at $4.6 bn in 2025 and $7.4 bn by 2030,...
We've now reached the point where commodity exporters in Latin America are up from before the start of the war with Iran. We're getting a ceasefire, but oil prices will stay elevated for a long time. That lifts the ...
weeks away. even if normal traffic resumes through the strait of hormuz today, this won't provide relief.
Fusion power has moved from a perpetual joke to a serious investment theme, driven by advances in AI, high‑temperature superconducting magnets, and powerful computing. Private firms have collectively raised over $10 billion, with Commonwealth Fusion Systems alone nearing $3 billion and Helion...
Europe is running out of jet fuel Shortages loom in weeks if Hormuz stays constrained Diesel is the hemoglobin of the economy so Europe will be on economic life support soon https://t.co/52nJDPZ2vH #Energy #OilMarkets #Aviation #Geopolitics
U.S. regular gasoline prices jumped 25% from February to March, reaching $3.64 per gallon, the steepest monthly percentage gain since the Energy Information Administration began tracking data in 1990. The surge is linked to heightened geopolitical risk from the ongoing...
Turkey’s Ministry of Energy confirmed that the seventh‑generation ultra‑deepwater drillship Çağrı Bey has arrived in Somalia to launch the country’s first deep‑sea exploration drilling operation abroad. The vessel will target the CURAD‑1 well, slated to reach a total depth of 7,500 m—potentially...
The 18th SolarEx Istanbul gathered more than 400 exhibitors and over 1,000 global solar brands, underscoring Turkey’s rise as a solar manufacturing and innovation hub. Domestic PV players are scaling to gigawatt‑level output while the country’s own installations reached about...
Your facts are good but your conclusion is elusive @Gaurab What I take from your post is that it wasn't just Iran's petrochemical plants that were hit The attacks compounded recovery problems for a sanctioned, aging industry What happened wasn't just...
