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Every morning
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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
Iran’s Islamic Revolutionary Guard Corps has formalized control over the Strait of Hormuz, requiring vessel‑by‑vessel clearance and tolls paid in Chinese yuan or cryptocurrency. The move leaves roughly 175 fully‑laden tankers—about 150 million barrels of crude and products—stranded in the Arabian Gulf despite a tentative U.S.–Iran cease‑fire announcement. Asian refiners are already paying premiums to secure supply, while U.S. exporters anticipate a surge in shipments to Asia as Gulf flows tighten. Analysts warn that the constrained passage will tighten global tanker markets and push oil prices higher.
GUPCO has brought the South Wasl BB exploration well online in Egypt’s Gulf of Suez, adding roughly 2,500 barrels of oil and 3 million scfd of gas per day. The new well is tied directly into existing facilities, pushing GUPCO’s total output...
China’s long‑haul trucking sector faces a sharp earnings squeeze as diesel prices jump 26% to about $4.60 per gallon. Drivers like Zhuang Wenxi say fuel alone now costs over $580 per fill, threatening the livelihood of the nation’s 38 million truckers...
Costco announced its first standalone gas station, a 40‑pump site in Mission Viejo, California, that will operate without an attached warehouse. The move seeks to increase fuel‑only capacity, ease traffic bottlenecks, and deepen the retailer’s membership value proposition as gasoline...
The episode examines President Trump's mixed signals about imposing a $1‑$2 per barrel toll on oil tankers transiting the Strait of Hormuz, noting that such a fee would likely shift costs to Gulf producers and ultimately benefit U.S. suppliers, while...
European equities retreated Thursday, with Germany's DAX down 1.1% and France's CAC 40 off 0.2%, after doubts surfaced over the two‑week US‑Iran ceasefire. Traders cited the risk of renewed Strait of Hormuz closures, higher oil prices and lingering inflation pressures...
NORTH SEA FORTIES crude prices closed at a record $147 per barrel on April 9. Forties is one of the principal streams in the Brent complex and prices have doubled since before the war between the United States and Iran...
Nordex secured two new wind‑energy contracts worth 160 MW at the end of March 2026, including a 120 MW order in Turkey’s Balıkesir region and a 39.9 MW repowering project in Germany’s Schleswig‑Holstein. The Turkish deal involves 18 N175/6.X turbines with a ten‑year...
Nova Scotia’s commercial solar capacity surged 82% in 2025, nearly doubling the sector’s output. New net‑metering rules now permit installations up to one megawatt, and a federal tax credit covering 30% of capital costs has spurred larger projects. The province...
Oil prices surged toward the $100 mark after doubts resurfaced about the two‑week US‑Iran ceasefire, with Brent at $99.3 and WTI at $101.5 per barrel. Traders cite a still‑closed Strait of Hormuz, Israeli strikes in Lebanon and mixed signals from...
OP IS reported a modest dip in the FOB China TOPCon spot price to $0.119/W, down 0.83% amid post‑Lunar New Year slowdown. The decline follows China’s removal of export tax rebates on PV products effective April 1, prompting manufacturers to absorb higher...
A new analysis by Brown University researchers estimates that the Iran‑Israel war has cost the United States about $17 billion in higher gasoline and diesel prices. The price shock translates to roughly $129 extra per household, with diesel accounting for nearly...
Former prime minister Tony Blair’s think‑tank, the Tony Blair Institute, released a paper urging the UK government to approve new North Sea oil and gas licences, including the Rosebank and Jackdaw projects, while also accelerating electrification of heating, transport and...
Japan and Oman signed a joint offset agreement on April 9, creating a Joint Crediting Mechanism to spur decarbonising technologies in Oman. The deal marks Japan’s 32nd bilateral JCM partnership and targets 100 million tCO₂e reductions by FY2030‑31 and 200 million tCO₂e by FY2040‑41. Credits...
Dutch transmission system operator TenneT has signed a contract with Green Energy Storage to build the 200 MW/800 MWh Sequoia battery energy storage system in North Brabant. The deal uses a time‑bound transmission right and a capacity‑control contract, making it the first...
World equity markets rose on Friday, echoing Wall Street gains as investors priced in optimism around upcoming US‑Iran ceasefire talks in Islamabad. Asian indexes led the rally, with South Korea’s Kospi up 1.4% and Japan’s Nikkei jumping 1.8%, while Fast...
No "net zero" fluff: Giant Australian mining group proving that Real Zero is better for planet and profits >24-hour renewables operations by 2027 >100% fossil-fuel-free mining by 2030 >1.2GW solar + 600MW wind + 5GWh BESS >Electrified rail & 800+ haul trucks >$100m saved/ year If...
Eskom says it can meet South Africa’s winter electricity demand, even though its energy‑availability factor slipped to 66.8% in March, below the 68% target. The utility still holds over 4,000 MW of dispatchable reserve and has reduced unplanned outages to 9,201 MW...
From 15 April 2026 the UK will enforce updated electrical safety regulations that reshape how solar‑battery storage, electric‑vehicle chargers, power‑over‑Ethernet, and smart‑home wiring are installed in residential properties. The rules prohibit battery placement in lofts or escape routes, demand proper ventilation, clear...
Oil prices rose on Friday but remain on track for the steepest weekly decline since June 2025 as traders await U.S. rig‑count data and the outcome of U.S.–Iran diplomatic talks. Brent hovered near $98 a barrel and WTI at $99.85,...
Japan announced it will release an additional 20 days' worth of strategic oil reserves beginning in May, Prime Minister Sanae Takaichi said at a cabinet meeting. The release follows earlier drawdowns aimed at stabilizing domestic fuel prices amid heightened global...
China’s March power‑battery installations held steady at 56.5 GWh, essentially flat year‑over‑year but jumping 115% from February. Meanwhile, combined production of power and energy‑storage batteries surged 50% YoY to 177.7 GWh, reflecting a rapid capacity build‑out. Sales climbed sharply, with total battery...
Entergy Texas broke ground on the Legend and Lone Star natural‑gas power stations in Port Arthur, adding more than 1,200 MW of capacity that will serve over 300,000 homes. The twin plants, approved by the Texas PUCT in 2025, are slated...
The study introduces a hybrid forecasting framework that combines Long Short‑Term Memory (LSTM) neural networks with GARCH econometric models to predict solar generation in Tajikistan’s hydro‑centric power system. Tested on 2021‑2023 data, the two‑loop algorithm achieved a Mean Absolute Percentage...
In the inaugural episode of JPMorgan’s Security and Resiliency in Action series, Dr. Sarah Kapnick and Michael Johnson discuss the escalating demand for energy, the need for diversified and resilient supply chains, and the role of the $1.5 trillion Security and...
Defiance launched its first European UCITS ETF focused on AI‑driven energy infrastructure, replicating the MarketVector™ Defiance US Listed AI and Power Infrastructure Index. The fund holds 57 US‑listed companies, with $243.7 million in assets and a 0.69% expense ratio. Sector allocation...
Tesla has added Chinese battery maker Sunwoda as its fifth supplier of traction‑battery cells, joining CATL, Panasonic, LG Energy Solution and BYD. Sunwoda’s third‑generation LFP cells, capable of 3C charging, are already being used in vehicles built at Tesla’s Shanghai...
South Africa’s state utility Eskom has struck a 62 c/kWh electricity tariff agreement with ferrochrome producers Glencore‑Merafe Chrome Venture and Samancor Chrome. The five‑year deal, still subject to National Electricity Regulator of South Africa (Nersa) approval, aims to curb high power...
The Maryland Senate overturned key consumer‑protection measures passed by the House, reinstating a $1 billion gas‑pipeline subsidy and allowing utilities to keep a share of unspent ratepayer funds. The Senate also kept cuts to the EmPOWER energy‑efficiency program, lowering its savings...
U.S. diesel prices surged to an average $5.64 per gallon in April, up from $3.76 before the U.S.-Israel conflict, pushing fuel costs for truckers and freight carriers higher. The spike inflates per‑mile operating expenses, squeezes carrier margins and fuels broader...
Hexicon has completed the sale of its entire 100% stake in the TwinHub floating offshore wind project to a global maritime‑engineering firm for a nominal consideration of GBP 1 (about $1.25). The divestment follows an impairment charge announced in January due...
Australia’s Export Finance Australia (EFA) will underwrite spot‑market fuel and crude oil purchases for refiners Viva Energy and Ampol, reducing financial risk and enabling access to otherwise uncommercial cargoes. The government can direct the additional fuel to regions facing tighter...
Japan’s Ministry of Economy, Trade and Industry (METI) has launched a task‑force to curb oil‑product bottlenecks, directing major refiners such as Eneos, Idemitsu and Cosmo Oil to supply critical facilities directly. The government mandates that monthly volumes match the same...
Shell announced that it will start natural gas production from the offshore Loran‑Manatee field in 2027, a joint development straddling Venezuela and Trinidad and Tobago. The company has boosted the pipeline capacity to transport the gas to Trinidad to 1 billion...
ConocoPhillips is sending a small evaluation team to Venezuela this week to assess oil and gas prospects. The U.S. producer, which left the country in 2007 after nationalization, is still owed roughly $12 billion plus interest from arbitration awards. The move...
RWE has installed an offshore wind turbine at the Thor project using a reduced‑CO₂ steel tower and recyclable rotor blades. The 1.1 GW farm, located 22 km off Denmark’s west coast, now delivers its first power to the grid and will host...
Oil futures on the NYMEX are trading below $100 per barrel, while spot prices for immediate delivery to Asia and the Middle East sit between $126 and $140. The $30‑$40 premium reflects supply constraints caused by Iran’s restriction of the...
A Russian‑flagged VLCC named Arhimeda transited the Strait of Hormuz, one of only four tankers flying Moscow’s colors. The supertanker, built in 2000, headed westward toward Iran’s Kharg Island before listing “for orders,” indicating no fixed next call. Its recent...
A new paper led by Professor Rebecca Saive of the University of Twente warns that fundamental research in photovoltaics is losing traction as scientists drift toward other fields. The authors cite a 15% drop in dedicated funding over the past...
Energy market turbulence is reverberating across the financial system, with crude‑oil price swings reigniting inflation worries and driving Treasury volatility to its highest level since the 2025 Liberation Day rally. The surge in Treasury convexity signals heightened directional uncertainty, forcing...
Researchers at the Technical University of Denmark have 3D‑printed a monolithic solid‑oxide fuel cell using a gyroid lattice, achieving roughly 1 W per gram—about five times the power‑to‑weight of conventional planar SOFCs. The device is built from yttria‑stabilized zirconia (8YSZ) on...
Oil prices rose for a second consecutive session as fresh supply‑risk concerns in the Middle East kept Brent near $96 per barrel. Attacks on Saudi and Kuwaiti infrastructure have tightened the market, preserving a geopolitical risk premium despite cease‑fire talks....
Order Book Strength: This win adds to an already robust order book. Earlier in 2026, the company secured major contracts including a ₹710 crore O&M deal from the Adani Group and a massive ₹3,126 crore battery storage project.
An example of how Australia is using its LNG cloud to secure fuel 👇 Singapore guaranteed fuel supplies, like diesel, to Australia during leaders summit Qatar was Singapore's top LNG supplier, but those shipments have stopped due to the war. Australia can...
Petronas Carigali has awarded Petra Resources Sdn. Bhd., a subsidiary of Petra Energy, four work orders for hook‑up and commissioning (HUC) services on the Bintulu Integrated Facilities (BIF) rejuvenation Phase 2. The orders, dated Dec 1 2025 and Jan 2026, total RM 298 million (about $75 million)....
Hate to beat a dead horse but Iran didn’t control Hormuz on February 27 but they do now. This is a disaster of epic proportions with no apparent end in sight and the worst effects yet to come
IMF chief says the oil shock tests a world with little fiscal buffer https://t.co/AVPFNRJb5I via @jdorosario https://t.co/bV6T4JCGWB
Kuwait’s Defense Ministry said Iranian drones struck several vital infrastructure sites on April 9, despite a U.S.–Iran ceasefire. Simultaneously, OSINT sources reported multiple explosions and air‑defense activity in northern Tehran. The Strait of Hormuz remains effectively closed, with shipping constrained and...
President @edmnangagwa DELIVERED, that’s why LOADSHEDDING is gone… and that’s why you should all support CAB3 for more development… There are lots of power generation projects in the pipeline, it will get better and better..:
U.S. electricity generation in March 2026 saw renewables outpace natural gas for the first full month, according to data from Ember. Solar and wind together supplied more megawatt‑hours than gas, while emissions‑free sources accounted for just over half of total...
