Know What's Happening in Energy
Know What's Happening in Energy
Flex to acquire Electrical Power Products for $1.1B
Flex Ltd. agreed to buy Electrical Power Products for about $1.1 billion in cash. The target adds roughly $323 million of annual revenue and a mid‑to‑high‑teens EBITDA margin. Flex expects the acquisition to be accretive to adjusted earnings per share in the first full fiscal year.
Also developing:
By the numbers: Oil majors snap up $164M Alaska oil leases
Shell Trading secured the largest share of the first Strategic Petroleum Reserve (SPR) release, receiving 16.2 million barrels, followed by Trafigura (8.86 mn bl) and Marathon Petroleum (7.7 mn bl). The U.S. Department of Energy is delivering 45.2 million barrels of sweet and sour crude from Texas and Louisiana between 1 April and 31 May, with the option for earlier shipments. These allocations function as long‑term crude loans, obligating buyers to return 18‑22% more oil by September 2028. The DOE’s broader plan could release up to 172 million barrels this year to curb war‑driven price spikes.
Saudi Aramco CEO Amin Nasser cancelled his planned appearance at CERAWeek in Houston, citing the ongoing Iran conflict. The war has shut the Strait of Hormuz, a critical oil transit route, prompting Aramco to cut roughly 2 million barrels per day...
You can hold that garbage can full of gasoline and wait for higher prices, but risk Trump TACOing and prices dumping. Or you can simply sell the garbage can of gasoline into spot and buy the same garbage can back for...
Zenith Energy Ltd announced that construction of its 7 MWp solar portfolio in Puglia, Italy will start in early July 2026. The under‑construction portfolio (UCP) comprises three plants, with grid connection secured and 85% of the €3.87 million cost financed externally. The...
GOLDMAN: “We upgrade our price forecast for two reasons. First, we now assume that Hormuz flows remain at only 5% of normal levels for a longer 6-week period before a gradual 1-month recovery. Second, a recognition of the risks from...
General Motors has filed a patent for a daisy‑chain charging system that links a single high‑power DC fast charger to multiple low‑power access points (LPAPs). Each LPAP can feed an electric vehicle, allowing two cars to charge from one station...
The United States announced it will lift maritime sanctions on Iranian oil, allowing tankers to transport crude through the Strait of Hormuz without penalty. The move comes amid escalating military exchanges between Tehran and Washington‑backed Israel, which have driven oil...
Thailand Post, the state‑run logistics provider, is accelerating its shift to electric vehicles for last‑mile delivery as fuel prices surge amid the Middle East oil crisis. Oil now accounts for roughly 30% of the carrier’s operating costs, prompting a plan...
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Slovenia has imposed daily fuel purchase caps—50 litres for private cars and 200 litres for companies—to curb shortages after a sudden demand spike. Prime Minister Robert Golob assured that national reserves are sufficient, but many stations remain closed, prompting the government to order...
Coal is re‑emerging as a key fallback fuel after the Iran‑triggered Operation Epic Fury disrupted global gas supplies. The International Energy Agency now projects 2026 coal demand at a record 8.85 bn tonnes, a 0.5% rise, while thermal‑coal prices have jumped...
Cuba’s state‑run electric union reported a total nationwide blackout on Saturday, plunging roughly 10 million people into darkness for the third time in March. The outage was traced to an unexpected failure at the Nuevitas thermoelectric plant, triggering a cascade that...
India remains heavily dependent on coal, which supplies roughly three‑quarters of its power, even as the economy expands at 7.5% annually and electricity demand surges. Solar capacity has exploded from 4 GW to 140 GW in a decade, putting the country on...
Forget TSA lines, the real problem with air travel in the coming weeks is fuel. Some cargoes are already diverting toward the U.S. on a Jones Act waiver, so domestic travel might hold. Europe? Different story. About 1.77M barrels/day of jet fuel...
Thailand's Finance Ministry is evaluating oil excise tax reductions to curb retail fuel prices while protecting fiscal health. A 1 baht cut in diesel excise would forfeit roughly 2 billion baht, and a similar cut for gasoline would cost about 800 million baht....
U.S. gasoline prices have jumped over 30% in a month, with the national average climbing to $3.88 per gallon from $2.93. The article argues that the single dominant factor is the global price of crude oil, which is rising due...
Russian strikes killed four civilians and injured several others across southeastern Ukraine, while a drone attack knocked out power in the northern Chernihiv region and caused partial outages in Kyiv. The attacks underscore Russia’s sustained campaign against Ukraine’s energy infrastructure,...
Arc, a Los Angeles‑based electric boat and powertrain firm, closed a $50 million Series C round led by investors such as a16z, Menlo Ventures, and Eclipse. The capital will be used to accelerate production of electric tugboat powertrains and to expand the...
If Trump does on Monday what he has threatened, oil and ‘natural’ gas prices will absolutely skyrocket. Iran isnt going to open the Strait of Hormuz. Destroying all their energy infrastructure will only entrench their resolve to keep it closed. There’s...
Saudi Arabia rolls out key contingency plan to keep the oil flowing: a decades-old pipeline the world didn’t know it needed until today. Fantastic piece from our colleagues, check it out below. 🔉on (And ya, how cool is the power...
Oil futures surged on Monday as U.S. President Donald Trump warned Iran of bombing its power plants unless the Strait of Hormuz reopened within 48 hours. Brent crude rose 1.27% to about $113.5 a barrel and WTI to $99, pushing...
Warm and constructive meeting with Australia’s Energy Minister, Chris Bowen, in Canberra this morning. We covered the situation in global oil & gas markets amid the war in the Middle East and the steps 🇦🇺 is taking to strengthen fuel...
Finacial Times. LNG from the Middle East expected to stop within 10 days. More supply and maritime problems ahead.
After all the hype over the weekend about escalation, you'd have thought oil prices would spike on tonight's open. But no sign of that. What matters are actions, not words. And those are that Iranian oil is flowing through SoH...
More evidence of Asian counties performing a LNG-to-coal fuel switch: Thailand has reactivated two coal-fired units that had been mothballed. The switch is important to put a lid on global LNG (and European gas) prices. https://t.co/qqyd5NrZQ8
New framework promises unprecedented level of cybersecurity for SCADA systems #energysky -- via pv magazine global: https://t.co/WiAfR3TSL6
The US benefits from the closing of the Hormuz Strait are 'tremendous,' expert says https://t.co/KX4da2Twrp
New four-hour big battery joins queue for federal green tick, backed by local landowners #energysky -- via Renew Economy: https://t.co/MVliiOTRC7 https://t.co/8v0HnDfrTF
BYO renewables: New national principles set bar for data centre energy and water use #energysky -- via Renew Economy: https://t.co/ejhCebl4Mr https://t.co/qxFK22lc3e
Batteries (purple) in CA already a significant part of the electricity supply in the evenings. And even a little in the early morning. https://t.co/zBs7Yb51Qy https://t.co/h8vRfr4sXx
Australia-backed rooftop solar to power remote Samoan communities #energysky -- via pv magazine global: https://t.co/tbaM3Iwf0s https://t.co/GFAcZQNY94
Polymarket, a large prediction market, shows only a 28% chance that the Strait of Hormuz will open for normal traffic by the end of April. TRUMP & NETANYAHU’S WAR ON IRAN = MASSIVE COSTS. https://t.co/slk6gIZTUJ
"Iran is going after the petrodollar system" Brother, they've already shut in 10 million barrels per day of Gulf crude oil production capacity. What petro?
"Hydropower Line From Quebec to Queens Could Power a Million N.Y.C. Homes" https://t.co/CEfzSRT1cG "Its construction included the underwater installation of more than two million feet of cable imported from Sweden" https://t.co/xqTcpfviM5
Oh no! US airlines are no longer hedged against oil price shocks. Now we will all be paying in higher fares. Just like PJM states who didn't hedge against the recent increase. And California in 2000-2001. Hindsight is 20-20 but...
Nanostructured silicon could push solar cells beyond Shockley–Queisser limit #energysky -- via pv magazine global: https://t.co/3gDJBe2BOt https://t.co/QQOp2n12dC
Is Trump’s threat to destroy Iran's power grid a gambit to pull NATO and Europe into the Strait of Hormuz? It’s a smart leverage point, given that Europe and Turkey are the ones most vulnerable to a new refugee crisis.
DXY up 3% in a month on safe-haven demand. Oil up 50%. Dollar up AND oil up simultaneously. Emerging markets are getting crushed from both sides. This is the squeeze nobody is modeling. https://t.co/xogAtPGq0m
Ever wondered what’s really behind the complete failure of all oil-market stabilization efforts? elow is one source of the panic that nullify the impact on any mitigation that I talk about here: https://t.co/P9npOEgoFO
By what? Giving waver to Putin to sell his oil freely at prices we have not see since 2022? 😉
Price increases since the start of the Iran war... European Natural Gas: +85% Heating Oil: +80% Brent Crude Oil: +54% Urea: +48% WTI Crude Oil: +46% Gasoline: +44% Diesel: +42% Sulfur: +25% Coal: +24% Fertilizer: +23% Palm Oil: +13% US Natural Gas: +8% Iron Ore: +7% Rice: +7%
What happens when the grid fails? Prediction: propane wars will precede water wars... you'll want to keep those emergency generators for AC running until you die of thirst.
#WhatsNext? Electricity from walking? Japan is using piezoelectric floor tiles to generate clean electricity one step at a time. (Interesting World) #Alternate #Energy #JVGpost https://t.co/yp7Ce1RXGg
Everything this guy says is fake or misleading. The chart is one of taxes, not RE cost https://t.co/LxtCmfzTkR RE correlates with lower, not higher, electricity prices. Of the 14 states meeting 50-124% of demand with WWS, 12 are 2-5...
As a first for me, I'm recommending @paulkrugman as a weekend read/listen. @robin_j_brooks makes it possible with a discussion on the Hormuz shock. https://t.co/aQ64hxAHxb
The Oil Shell Game: Peeling Away the Bluster of the Latest Oil Announcements. Trade. https://t.co/FyQ7lGbyR5
Iran struck Qatar's gas infrastructure. Qatar is the world's largest LNG exporter. This isn't just oil at risk. It's the entire Gulf energy supply chain. $XLE is at all-time highs for a reason. https://t.co/7TjuVfAelG
KHARG ISLAND — a thread: Trump has talked about taking Iran's Kharg Island for 40 years. The problem? Capturing it won't shut down Iran’s entire oil export system. And thus it won't lead to Hormuz re-opening fast enough. 🧵1/10 @Opinion FREE-TO-READ: https://t.co/ZOYtq3KESE https://t.co/xtLBqPShB6
"U.S. retail gasoline prices respond to Brent and WTI before January 2010 and then only to Brent afterwards." (Note: this study is from 2019)
My response to Trump’s threat to bomb Iran’s electric grid is simple: Don’t. My latest. Link is below. https://t.co/kLs8lfC8Or
Of course you can paint all kinds of horror scenarios for oil prices. But they require two things: (i) a collapse in oil export volumes out of the Gulf from current levels near 10 mmb/d; (ii) a price elasticity of...
