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
Dubai crude surged to a record $166 a barrel as U.S.-Iran hostilities crippled transit through the Strait of Hormuz. Brent crude has risen nearly 48% since the conflict began, trading around $106, while WTI lags but faces upward pressure. Analysts warn that if the Hormuz bottleneck persists, global benchmarks will reprice higher, reflecting tighter supply and higher transport costs. The price gap also lifts demand for alternative grades like Oman, underscoring a broader market realignment.
Oil could hit $150 a barrel. Not because of speculation. Because one-third of the world's oil supply is now at risk, and there is no substitute for oil in global production. None. Here is what mainstream economists are missing:
The article warns that a disruption in the Strait of Hormuz could turn an oil price shock into a fertilizer shock, raising food costs and broadening inflation. About one‑third of global fertilizer exports, especially nitrogen‑based urea, pass through Hormuz, and...
The Michigan Senate Energy and Environment Committee moved forward two bills, SB 731 and SB 732, to establish a state‑wide virtual power plant (VPP) program. The legislation would task the Michigan Public Service Commission with creating a framework that compensates residential owners...
Massachusetts Governor Maura Healey signed an executive order mandating 10 GW of new energy resources and 5 GW of storage by 2035. The plan includes 4 GW of in‑state solar, 3.5 GW of demand‑side reductions, and a mix of wind, gas, nuclear and geothermal...
The Daily Energy Report reframes Hormuz Strait risk by emphasizing crude quality over sheer volume, noting medium‑sour grades now dominate exports while light‑sour streams like Murban remain niche. Asia faces the steepest impact from any Hormuz disruption, prompting tighter crack...
U.S. regular gasoline prices jumped nearly 90 cents to about $3.80 per gallon, while diesel rose $1.40 to just over $5, according to AAA data. The surge could cost the average household more than $600 in extra fuel expenses this...
Since May 2025 the U.S. Department of Energy has issued more than 40 emergency orders under Section 202(c) of the Federal Power Act, the highest volume in two decades. The orders fall into retirement‑deferral and active‑dispatch categories, keeping roughly 4.4 GW of...
I must be misunderstanding you. IF you're saying that today's Hormuz supply crisis could be, in part offset had refineries and the oil and gas industry invested more in efficiency. Which is, to be frank, laughable. So I'm assuming you're...
North Dakota regulators are watching a rapidly widening Brent‑WTI price spread, now $11.92 per barrel, after it nearly doubled since early March. State oil output slipped to 1.16 million barrels per day in January, down 13,000 b/d year‑over‑year, as cold weather and...
Energy insecurity starts here. Fossil fuels are traded through systems where price is influenced not only by supply and demand, but by conflict, sanctions, and speculation. That means households and utilities can face higher costs even when local production remains...
Spanish Prime Minister Pedro Sánchez defended his country’s renewable‑led energy strategy at the EU leaders summit, claiming Spain is on “the right side of history” as it shields consumers from soaring electricity costs. He accused other governments of using the...
America First Refining’s founder John Calce discussed the launch of a new refinery in Brownsville, Texas, built to process the light, sweet crude from the Permian Basin. The project, financed in partnership with India’s Reliance, overcame a seven‑year permitting process...
South Africa’s state utility Eskom announced the creation of a dedicated renewables subsidiary, Eskom Green, as part of its unbundling strategy. Chairman Mteto Nyati warned that without new renewable capacity Eskom could disappear within decades, while emphasizing that coal and...
NTPC Limited and Octopus Energy Group signed a non‑binding memorandum of understanding at the Bharat Electricity Summit to jointly explore electricity distribution, renewable generation, EV charging and digital platforms in India, the UK and other markets. The deal comes as...
Solaredge launched its Nexis integrated solar‑plus‑storage system for the German residential market. The modular solution pairs a three‑phase inverter up to 20 kW with scalable LFP battery blocks ranging from 4.9 kWh to 78.4 kWh per inverter, and includes built‑in backup. The “Lego‑like”...
Energy prices have surged dramatically as oil climbs above $115 per barrel and LNG spikes across Europe and Asia. Physical attacks on Qatar’s LNG facilities, Iran’s South Pars field, and infrastructure in Kuwait, Oman, and the UAE have taken roughly...
For those of you trying to figure out what's going on with the Brent-WTI spread. Let me point out an old gem that helps explain it. - Different delivery date windows - Different contract expiration dates - When things are volatile, individual...
OUT NOW - how @Rory_Johnston sees it: Unless the Strait of Hormuz opens soon, $220 oil and a recession is "almost guaranteed." $300+ oil & Global Depression are possible. Apple🔊 https://t.co/hBJ1sBFqgN Spotify📽️ https://t.co/fnf6ENfHbf 1/3 https://t.co/gvV2pR4qXu
Eastern Pacific Shipping and bound4blue have finished their second eSails installation, fitting three 22‑metre wind‑propulsion sails on the new‑build MR tanker Pacific Sunstone in China. The first project, a retrofit on Pacific Sentinel, showed an 8% net power reduction and...
Qatar state-owned LNG giant QatarEnergy has published a statement detailing the overnight damage, providing more granularity (particularly around the damage of the GTL plant). https://t.co/MMZHWkvGoQ
Geothermal energy is a rare bright spot in clean tech in the US, and more stories on today’s Green Daily newsletter https://t.co/tFnbmfK7CX
Terabase Energy announced the commercial launch of its automated solar construction platform, Terafab V2, following successful deployments on five pilot projects. The system combines AI, advanced robotics, and a Manufacturing Execution System to pre‑assemble modules on torque tubes, achieving two‑minute...
Minnesota LMI community solar reaches 179 MW amid regulatory shifts #energysky -- via pv magazine usa: https://t.co/WFynWhcfpB
US 100-hour battery startup Form Energy’s first overseas deployment ‘set to fill a critical gap in Ireland’s power system’ #energysky -- via Energy Storage News: https://t.co/fSUXWsSHhn
Battery storage projects win 1.8GW in UK capacity market auctions #energysky -- via Energy Storage News: https://t.co/rjIyZjNExR
I just told @BBCNews: Energy crises are fundamentally demand problems, not supply problems. 80% of our energy is fossil fuels, much of it imported, leaving us exposed to price spikes. The only long-term fix: electrify the economy with clean power. https://t.co/1toyJn6PUM
I deleted a previous tweet about the easing of US Russian oil sanctions, as the relaxation already covered petroleum products since March 12. The changes announced today are narrower.
Love someone as much as disgraced oil executive Scott Sheffield loves musing about how oil prices will stay high. https://t.co/FvV8HROEj1 https://t.co/yzPdBxjHjy
EU auditors warn energy community targets outpace reality #energysky -- via pv magazine global: https://t.co/QZqS1XRUDX
“.. The plan .. reflects the administration’s desperation to reduce oil prices, encouraging Iran to sell more oil even while it is at war ..” @nytimes https://t.co/MWCiL3jrqQ https://t.co/wCWv18Be6N
Trump Administration Shuts Down Export Ban Rumors as Trump Moves to Cool Oil Prices https://t.co/yzIMSfps18
Only silver lining to this mess is that it will help accelerate move away from fossil fuels towards solar and energy independence. Once again, China wins.
Follow Dr. @JaneAFlegal if you want extremely well-informed takes from a legit expert on how to lower electricity prices and use datacenters to strengthen the US grid and power system.
‘One day chicken, one day feathers’: why US shale producers are not cheering $100 oil. This and more in the Chartbook Top Links today. https://t.co/cEMRj6MyHl
Amazing. Lithium ion batteries were once good for maybe 1,000-2,000 full discharge cycles. Now we're reaching multi-decade lifespans.
Three things that can help us get better use out of the US grid: 1. Energy storage (allows you to fill up when the grid is underutilized, and avoid hitting the grid when it's stresed). 2. Datacenters. (If done cleverly.) 3. Smart charging...
Ethanol mandates are in direct conflict with feeding the world, have no impact on American energy security, and are at best neutral for climate (probably negative). Kill them with fire. Sink them with the Jones Act.
Texas is the clean energy capital of the United States. And a chunk of that is because of their easy permitting, relatively ample transmission, and highly deregulated electricity market. Abundance thinking in energy works.
Following @IEA Member countries' decision to release 400 mln barrels of oil stocks to counter disruptions, initial volumes have already been made available Thank you to countries for their stock contributions & to Canada & Mexico for increased production: https://t.co/CjYXygzQpG https://t.co/sUGUpkuuU0
Important - U.S. admin says it has no plan to enact an oil export restriction
Two technologies that competed for the future of heating and transport. The race is over. In 2025, 19m heat pumps were sold globally. Hydrogen-ready boilers: 237 units. The picture in transport is identical. 21m EVs were sold last year. Hydrogen fuel cell...
ISRAEL shrugs off criticism of attack on Iran's South Pars gas field - citing deep coordination with the United States: https://t.co/1CMmLeQHgy
Can you even imagine building a data center in the EU with behind-the-meter power when this could happen at any moment?
"Tomorrow marks the official start of Spring and prices at the pump continued to climb by 28 cents since last week. With the Spring equinox ushering in warmer weather and more time on the road, gas prices are trending upward...
“We’d be using the Iranian barrels against the Iranians to keep the price down for the next 10 or 14 days.” Masterful gambit, sir.
COLUMN: Trump has seemingly turned WTI oil into a referendum on his war against Iran: more than $100 👎; less than $100 👍 But WTI isn't what matters for America's Main Street: refined petroleum products do -- and prices are rising...
The next chart shows the major oil shocks, including 1973, 1979, 1990, 2008, and 2022. Some were brief, others were not. 🧵 https://t.co/SHZJOMDkYG
The US and its allies are making a concerted effort to de-escalate the oil/gas war, having witnessed that Iran was willing -- and able -- to climb the escalation ladder very quickly. To be seen whether Tehran plays ball. Whatever the...
*US WILL NOT IMPLEMENT CRUDE EXPORT BAN: POLITICO ... OK, so how about refined products? I've been saying up 'till now that they're going to be tempted to restrict trade, but that I thought they'd be more likely to restrict refined products...
