Energy News and Headlines
Energy News and Headlines
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Every morning
Weekly
Tuesday recap
Three weeks into the Iran‑Israel war, Brent futures have jumped about 50 % to roughly $110 a barrel, yet physical oil prices are rising even faster as supplies tighten. Spot benchmarks such as Oman ($162) and Murban ($145) are soaring, and jet fuel has breached $200 a barrel, pushing airline costs higher. Asian refiners are paying steep premiums for scarce cargoes, while the U.S. considers additional emergency reserve releases and possible sanction relief. Analysts warn futures could soon eclipse the 2008 record if the Strait of Hormuz stays closed.
Rajasthan's electricity regulator, RERC, released draft resource‑adequacy rules to replace a 2004 framework and guide a pending 3,200 MW procurement hearing. The proposals arrive amid conflicting forecasts: the Central Electricity Authority sees no extra thermal capacity needed by 2035‑36, while the...
Malaysia’s Deputy Prime Minister Fadillah Yusof said Petronas is preparing contingency plans to source oil and gas from Australia and other Asia‑Pacific nations as the Strait of Hormuz remains closed due to the Middle East conflict. The closure has pushed...
UK electricity network operators will invest over £120bn by 2050 to modernise the grid and enable low‑carbon power for homes and businesses. The plan targets a 47% reduction in overall energy demand through smarter, more efficient networks. Existing reliability already...
EcoCeres Inc. has launched a sustainable aviation fuel (SAF) pilot program in China, dubbed “Project Spark,” partnering with CASRI, CNAF, China Southern Airlines, Air China Cargo, Sichuan Airlines and Huarong Chemical. The pilot used SAF produced at EcoCeres’ Zhangjiagang plant,...
The electric grid’s rapid electrification and surge of distributed energy resources are exposing blind spots in low‑voltage distribution networks. Utilities are deploying inexpensive, cellular‑ or LoRaWAN‑connected sensors on transformers to capture voltage, loading, harmonics and outage data in real time....
The cruise industry is moving beyond LNG toward truly zero‑emission vessels, with hydrogen fuel cells, biogas, solar sails and large batteries leading the charge. Viking Cruises will launch the world’s first hydrogen‑powered ship, Viking Libra, in late 2026, while Scandinavian...
Taiwan's Hai Long offshore wind project installed its first turbine at the Hai Long 3 site, marking a critical construction milestone. The development, located 45‑70 km off the Changhua coast, is a joint venture between Mitsui & Co., Northland Power and Gentari International Renewables and targets...
Power Grid Corporation of India (PGCIL) lifted its FY26 capital expenditure target to ₹35,000 crore, roughly $4.2 billion, and raised its capitalisation goal to ₹25,000 crore (about $3.0 billion). The utility reported that capex to date stands at ₹35,540 crore, 102% of the guidance, while...
The National Oil Corp reported a valve leak that sparked a fire on the Sharara‑to‑Zawiya pipeline, cutting roughly half of the field’s 330,000 bpd capacity. Production losses were mitigated by diverting crude to the El Feel and Hamada pipelines, and the...
MSEDCL has disconnected more than 21,000 power connections in the Nagpur circle within two weeks, targeting habitual electricity bill defaulters. The campaign, launched on March 1, involved senior engineers overseeing field operations and focused on commercial and industrial consumers. By March 16,...
A war‑induced energy shock in Iran has tightened global oil supplies, prompting bond markets to price a 50% chance of a U.S. rate hike by October and spurring tighter monetary policy in Asia. Central banks such as the Reserve Bank...
The Philippine Senate’s Committee on Public Services is deliberating a bill to amend Republic Act 11918, allowing Razon‑group MORE Electric and Power Corp. to extend its franchise into Iloilo’s second and fourth districts. MORE Power, which took over Panay Electric...
Metro Pacific Investments Corp (MPIC) raised its 2026 capital expenditure budget to over ₱200 billion, up from roughly ₱190 billion in 2025, driven primarily by large‑scale renewable‑energy projects such as Meralco’s SP New Energy Corp and the Terra Solar farm, slated to...
Senator Joseph Victor "JV" Ejercito urged the Philippine government on March 23 to create an inter‑agency task force that would monitor and mitigate the economic and energy fallout from the escalating Middle East conflict. He cited Senate Resolution No. 43, which...
Infineon Technologies has formed a strategic technology partnership with Indian power‑electronics firm Zenergize, announced at the Bharat Electricity Summit 2026. Infineon will supply its wide‑bandgap silicon‑carbide (SiC) semiconductors and engineering support to integrate them into solar inverters, EV chargers and...
Smaller Japanese companies across auto parts, plastics, and trucking are feeling the impact of the largest Middle East oil‑supply disruption in decades. Crude prices have jumped to multi‑year highs, driving up fuel and raw‑material costs for firms that typically operate...
Researchers introduced 1,3,5‑tris(3‑vinyl‑10H‑phenoxazin‑10‑yl)benzene (V3PXZ) as an organic cathode that undergoes in‑situ electrochemical post‑crosslinking (IEPC) to form insoluble, non‑conjugated polymer networks. The IEPC process simultaneously creates high‑surface‑area nanostructures, enabling rapid ion transport and delivering 56 % of capacity in just 36 seconds (100 C)....
The review surveys recent progress in supported metal active centers for oxygen electrocatalysis, emphasizing single‑atom catalysts and their role in oxygen evolution and reduction reactions. It critiques the over‑broad use of the strong metal‑support interaction (SMSI) term, distinguishing multiple mechanisms...
Researchers have engineered a strain‑modulated high‑entropy vanadium‑based chalcogenide (VMoFeCoNi)Sx using an optimized solvothermal route, achieving a single‑phase pyrite structure with 0.67% compressive micro‑strain. The nanoflower/nanoflake catalyst exhibits exceptional oxygen evolution reaction (OER) activity in alkaline media, delivering overpotentials of 210 mV...
The review highlights p‑block metal‑based electrocatalysts as sustainable alternatives to precious‑metal catalysts for energy‑conversion reactions such as CO₂ reduction, nitrogen reduction, and oxygen reduction. It details diverse architectures—single atoms, alloys, compounds, and doped systems—and explains how electronic tuning, oxophilicity, and...
Researchers Rahaman and Mohamad Idris introduced a Pareto‑optimized stacking ensemble that dramatically improves electricity theft detection across smart‑grid networks. The system combines hybrid data‑repair techniques with lightweight edge deployment, allowing real‑time monitoring of massive meter datasets. Experimental results on utility‑sourced data...
Nigeria is experiencing a dramatic surge in energy costs, with petrol prices climbing nearly 40% in a month and ranking the second‑largest increase globally since the Iran war. A severe heatwave and chronic power outages have forced households and small...
International Energy Agency chief Fatih Birol warned that the world is heading toward a severe energy crisis as at least 40 oil and gas assets in West Asia have been severely damaged. He described the situation as a combination of two...
Gartner forecasts datacentre electricity consumption reaching about 1,200 TWh by 2030, a 20% rise from the previous year. AI‑optimized GPU servers are projected to draw roughly 156 GW, underscoring the rapid expansion of AI infrastructure. Microsoft CEO Satya Nadella pledged that Azure now...
Crude oil futures surged on Monday as US‑Iran tensions escalated, pushing Brent crude above $108 per barrel and WTI close to $99. The rise was sparked by President Trump’s ultimatum to Iran over the Strait of Hormuz and Tehran’s retaliatory...
The Delhi government is set to clear over ₹38,000 crore in pending dues to the city’s three private power distributors, prompting a likely electricity tariff increase from April. The Supreme Court has mandated payment of ₹27,200 crore in regulatory assets, with the...
Tor Olav Trøim‑backed Bruton has placed an order for four new VLCCs at Yantai’s CIMC Raffles. The vessels, based on the MARIC 319,000 dwt design with open‑loop scrubbers, are slated for delivery between January and July 2028 at $124.75 million each, totaling just...
Rio Tinto has dismantled its dedicated decarbonisation division, moving responsibility for the $1 billion repowering of the Tomago aluminium smelter to its aluminium and lithium team. The shift follows a budget cut that reduced the company’s 2021‑2030 decarbonisation spend to US$1‑2 billion,...
A community‑owned 1.4 MW solar farm with a 4 MWh battery has been completed in Goulburn, NSW. The project, driven by the Goulburn Community Energy Co‑operative, raised $2.6 million from 288 local investors and secured a $2.1 million state grant. It is the world’s...
Singapore‑based gas owner Purus has exercised an option for an additional LNG carrier with Samsung Heavy Industries, pricing the contract at KRW 377.9 bn (about $252 m) and targeting delivery in Q2 2029. The newbuild follows a prior $503 m order for two 174,000‑cu m vessels...
Quinbrook Infrastructure Partners secured environmental clearance for its 780 MW Supernode North battery energy storage system (BESS) in Queensland, confirming the project as a “not controlled action” under Australia’s EPBC Act. The facility will sit on a 41‑hectare former CSIRO research...
The Victorian Essential Services Commission has accepted its first court‑enforceable undertaking against Ecovantage, mandating the company to correct non‑compliant heat‑pump water‑heater installations at its own expense. The regulator alleges Ecovantage claimed up to 31,666 energy‑efficiency certificates for upgrades that violated...
Woodfibre LNG announced that its British Columbia export terminal is now 65% complete following the delivery of its 16th powerhouse module. The all‑electric plant, designed to be the world’s first net‑zero LNG export facility, will draw renewable power from BC...
Cadeler’s service arm Nexra has landed two firm offshore wind operations and maintenance (O&M) contracts in Japan and Taiwan. The Japan contract, slated to begin in spring 2026, will run for one to two months and be executed by the...
Union Minister G Kishan Reddy announced that coal gasification will be pivotal for India’s energy security, aiming to cut import dependence and spur industrial growth. The government launched the National Coal Gasification Mission, targeting 100 million tonnes of gasified coal by 2030, backed...
Amid escalating West‑Asia tensions that threaten LPG supplies, India faces heightened energy security risks, prompting experts to spotlight thorium as a long‑term solution. The country possesses roughly 25‑30% of the world’s thorium reserves, offering a domestic, low‑cost fuel for power...
South Australia’s Labor government, buoyed by a landslide win, will pursue a net‑100 percent renewable electricity target by 2027, relying solely on wind, solar and storage. The Liberal Party’s collapse removes a major policy obstacle, reinforcing voter support for clean energy....
CERAWeek in Houston is set to host over 10,000 energy leaders as the Middle East war triggers the biggest oil disruption in history. Attendees include S&P Global’s Daniel Yergin, EDF’s Mark Brownstein, U.S. Energy Secretary Chris Wright, and CEOs from...
Western Australia’s Labor government has secured more than one gigawatt of new wind capacity, surpassing its 810 MW target to replace retiring coal plants. Contracts were signed with three projects—130 MW Kondinin, 470 MW Parron Maam, and 330 MW of the 550 MW Marri farm—delivering...
Japanese equities tumbled after former President Donald Trump threatened attacks on power plants near the Strait of Hormuz, reigniting concerns over rising oil prices. The Nikkei 225 dropped as much as 5% to 50,688.76, while the broader Topix fell 4.5%...
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...
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...
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...
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...
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...
