Energy News and Headlines
Energy News and Headlines
Energy Pulse
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Daily
Every morning
Weekly
Tuesday recap
Iceland boss Richard Walker, now a Labour peer, urged the UK government to impose a temporary profit cap on energy producers and retailers amid soaring oil and gas prices triggered by Middle East tensions. He argues existing windfall taxes are insufficient and that a cap would prevent profiteering while protecting households facing potential £300‑plus annual bill increases. The proposal, targeting periods of extreme volatility, comes as Brent briefly hit $119 and the government prepares emergency measures. Industry groups warn caps could deter investment, sparking debate over market intervention.
India will launch its seventh tranche of critical mineral auctions on March 23, 2026, offering 19 blocks across multiple states. The blocks contain lithium, graphite, rare‑earth elements, tungsten, vanadium and titanium, essential for electric vehicles, renewables, fertilizers and defence. The...
Western Australia’s government has issued a public appeal for calm as fuel prices reach record levels statewide. The surge, attributed to rising global crude costs and regional supply constraints, has pushed pump prices to unprecedented heights. Despite mounting consumer pressure,...
Sinopec reported a 36.8% plunge in 2025 net profit to 31.8 billion yuan, driven by weaker petrochemical margins and accelerating substitution by new‑energy sources. Refinery throughput slipped 0.8% to 250.33 million tonnes, while petrol and diesel output fell 2.4% and 9.1% respectively....
A new Building Power Resource Center report shows school districts nationwide cutting utility bills by installing solar panels, geothermal systems, and other efficiency upgrades. Kentucky schools saved over $2 million, Rhode Island districts trim $60,000 annually, and Colorado’s middle school reduced...
India will commence carbon credit trading within four months, announced by Power Minister Manohar Lal. The government has launched a dedicated carbon‑mark portal to handle registration, verification and trading, and more than 40 projects in biogas, green hydrogen and forestry...
Octopus Energy’s new Cosy Heat Pump Fleet Performance Dashboard shows that about 80% of its heat‑pump customers paid less than they would have with a gas boiler, averaging £219 in annual savings. The data, drawn from thousands of UK homes,...
The All India Distillers' Association (AIDA) has signaled readiness to supply ethanol blends exceeding 20 percent for petrol, aiming to curb India's reliance on imported crude amid rising oil prices and regional instability. India already met its E20 blending target ahead...
India’s coal imports slipped 4.2% to 213.1 million tonnes in the April‑January window, with non‑coking imports falling to 127.8 MT while coking imports rose modestly to 50.4 MT. The decline reflects a deliberate push toward self‑reliance as domestic output expands. Seaborne coal prices...
Aqua Titan, a Cameron‑flagged tanker carrying 96,099 tonnes of Russian crude loaded at Primorsk, began discharging at Mangalore Refinery and Petrochemicals Ltd’s single‑point‑mooring facility in New Mangalore Port on Sunday. The arrival marks the latest in a series of Russian crude...
Taiwan President Lai Ching‑te announced that the island’s second and third nuclear power plants meet the conditions for reactivation, signaling a potential policy reversal on the nuclear‑free agenda. The plants were shut down in 2023 and 2025 as part of...
Singapore’s Energy Minister Tan See Leng stressed that despite diversified LNG sources and months‑long stockpiles, the nation must still curb energy use as the Iran conflict underscores long‑term fuel‑supply risks. He warned that rebuilding Qatar’s Ras Laffan plant could take up...
The Niger Delta Development Commission (NDDC) has trained 500 youths in CNG Autogas conversion through a six‑week hands‑on program at the Dakkada Skills Acquisition Centre, aiming to create a skilled hub for vehicle retrofitting. The initiative aligns with President Tinubu’s...
Vietnam's Prime Minister Pham Minh Chinh ordered comprehensive measures to guarantee sufficient energy supplies for production, business and consumption amid a regional fuel crisis. The government activated the petrol‑price stabilisation fund, adjusted taxes, and directed ministries to monitor markets, replenish...
Zambia’s President Hakainde Hichilema warned oil‑marketing firms that hoarding fuel creates artificial shortages, despite the country holding 30‑60 days of reserves. He linked the issue to the broader Middle East conflict that is tightening global energy supplies. The administration announced...
SunLine Transit Agency has invested roughly $27 million (2026 dollars) over two decades to build and repeatedly rebuild hydrogen refueling infrastructure for a 31‑bus fuel‑cell fleet. Despite upgrades from electrolyzers to a liquid‑hydrogen station, hydrogen fuel costs have remained high and...
The ongoing Middle East oil‑gas disruption is reviving interest in nuclear power as a low‑carbon baseload source. European leaders, including Ursula von der Leyen, have pledged €200 million for innovative small modular reactors and urged member states to extend existing plant...
BWX Technologies, a veteran naval nuclear contractor, is promoting its factory‑built small modular reactor, the BANR, which can generate 75 MW of clean power. The reactor is positioned as a solution for the soaring electricity demand of AI‑driven data centers, which...
The National Petroleum Reserve‑Alaska held its first lease sale in seven years, generating a record $163.7 million in high bids and awarding 187 leases across 1.33 million acres. Major oil companies such as ExxonMobil, ConocoPhillips, and a Repsol‑Shell consortium secured tracts, marking...
Alphabet’s Google has inked demand‑response agreements with five U.S. electric utilities, extending from Arkansas to Minnesota. The contracts let Google curtail up to 1 GW of data‑center electricity during peak‑load periods, helping avoid grid stress and potential blackouts. These deals build...
President Donald Trump issued an ultimatum giving Iran 48 hours to reopen the Strait of Hormuz to commercial shipping. The deadline follows Iran’s closure of the waterway in response to the US‑Israel war on Iran, and Tehran warned it would...
The G7 foreign ministers declared they are prepared to take necessary steps to safeguard global energy supplies and secure key maritime routes, notably the Strait of Hormuz. They condemned Iran’s attacks on civilian and energy infrastructure and voiced support for...
PSA Zeebrugge has installed nearly 1,900 vertical solar panels on its warehouse façades, delivering an annual output of 770 MWh—enough to power half of the terminal’s electricity demand. The project, executed by Insaver of the Luminus Group, saves 101.43 tons of CO₂,...
In West Texas, abundant natural gas produced alongside oil is driving spot prices into negative territory because pipelines and export terminals cannot absorb the surplus. Crude oil prices have surged amid supply disruptions from the Iran war, prompting drillers to...
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Turkey eliminated the special consumption tax (OTV) on diesel on 20 March, causing the tax buffer to disappear as oil prices and refinery margins surge. The government’s “echelle mobile” mechanism now deducts 75 % of required price hikes from OTV, leaving the...
Occidental Petroleum (OXY) has risen to #7 on a Warren Buffett‑style stock list, buoyed by Berkshire Hathaway’s roughly 29% stake and a $9.7 billion chemicals acquisition. The company is pivoting from a conventional oil producer to a carbon‑removal leader, with its...
Vermont utility Green Mountain Power (GMP) has expanded its virtual power plant offering by adding Enphase’s fourth‑generation IQ Battery to its Energy Storage Solutions Program. Customers can lease the battery for $55 a month or purchase it for $5,500, joining...
Oil prices have surged to $119 per barrel amid Middle‑East tensions, prompting investors to reassess energy exposure. Nuclear‑focused Cameco (CCJ) is gaining attention after signing a $2.6 billion uranium supply deal with India and leveraging its 49 % stake in Westinghouse. The...
Physicists at the University of Cambridge have observed ultrafast electron transfer in an organic solar cell that occurs in just 18 femtoseconds, driven by a single molecular vibration acting like a catapult. Using a dual‑laser pump‑probe technique, they showed that...
Fusion startups have collectively secured more than $10 billion, with over a dozen raising over $100 million each, accelerating the race to commercial reactors. Companies like Commonwealth Fusion Systems aim to light their SPARC demo by late 2026 and begin building a...
Old West Investment Management dramatically increased its exposure to energy equities when crude oil hovered around $60 a barrel in early 2026. The firm’s flagship hedge fund posted a 31% year‑to‑date gain by the end of February, well before the...
Iranian Foreign Minister Abbas Araqchi told Kyodo News that Tehran will discuss safe passage through the Strait of Hormuz with Japan and any nation that has not attacked Iran. He emphasized the strait remains open for non‑enemy vessels, while it...
Gulf oil producers are urging the United States to confront the Hormuz blockage directly, warning that temporary "oil‑on‑water" licences aid Iran while constraining regional exporters. They cite roughly 140 million barrels of Iranian crude stranded at sea and argue that without...
Egypt's Renergy Group is planning a $15 billion green hydrogen and solar power complex in the El‑Tor area of the Sinai Peninsula, covering 127 sq km and featuring 15 GW of solar capacity to produce roughly 400,000 tons of liquid green hydrogen annually for European...
The Cboe Crude Oil ETF Volatility Index (OVX) has surged to 108, roughly three times its level at the start of 2026, as the U.S.-Israeli conflict with Iran disrupts about 20% of Persian Gulf oil output. This spike eclipses volatility...
Oil prices have swung sharply since the U.S. and Israel struck Iran, reacting to tanker attacks and optimistic reports about reopening the Strait of Hormuz. The analyst holds Chevron, Canadian Natural Resources and ConocoPhillips, whose earnings rise roughly $600 million per...
India’s coal ministry announced that the country produced a second consecutive 1 billion‑tonne haul of coal on March 20, 2026, marking a repeat of the 2025 milestone. The surge in output has helped thermal power plants maintain record coal inventories, cushioning the grid...
Sen. Susan Collins defended the EPA’s abrupt cancellation of $7 billion in Solar for All grants, which would have helped 20,000 low‑income Maine households, while simultaneously emphasizing the Inflation Reduction Act’s partisan origins. Despite a 31% score from the League of...
Trendsetter Vulcan Offshore (TVO) has installed a tethered blowout preventer (TBOP) system in approximately 4,000 ft of water in the U.S. Gulf, using a modified Hercules™ technology to combat wellhead fatigue on soft‑seabed sites. The TBOP employs four polyethylene tethers anchored...
Jadestone Energy has secured Vietnamese government approval for the field development plan covering the Nam Du and U Minh offshore gas discoveries. The approval enables the company to book initial 2P reserves of roughly 32 MMboe and to pursue farm‑in partners. The project...
Equatorial Guinea released a reprocessed offshore seismic dataset covering over 7,300 km, using broadband Pre‑Stack Depth Migration and Full Waveform Inversion to improve imaging. Developed by Searcher with the Ministry of Mines and Hydrocarbons, the data aims to lower exploration risk...
Europe is expanding its energy mix by adding North African electricity to its supply chain, complementing traditional oil and gas links. The planned ELMED subsea cable will connect Tunisia and Sicily, delivering up to 600 MW of power bidirectionally. Libya is...
Global LNG supply disruptions, highlighted by Qatar’s Ras Laffan plant shutdown, have removed roughly 14 % of monthly forecast capacity, pushing European natural‑gas prices up about 65 % to multi‑year highs. The tightening market creates investment opportunities in un‑hedged upstream firms and commodity‑focused...
Tesla announced it is hiring a business‑development lead to launch utility‑scale energy storage in India, signalling a move beyond its modest electric‑vehicle sales. The company will likely introduce its Megapack and Powerwall systems to tap the rapidly expanding solar‑plus‑storage market....
The European Commission has asked EU member states to cut their natural‑gas storage target to 80% of capacity, ten points below the official goal, and to begin refilling reserves gradually. The request follows a sharp 35% surge in European gas...
Iran has effectively sealed the Strait of Hormuz, slashing daily oil‑tanker traffic by roughly 95% since early March 2026. The closure has pushed crude prices above $100 a barrel and disrupted about 20% of global oil and LNG flows. Despite...
Iran has signaled willingness to permit Japanese‑flagged vessels to transit the Strait of Hormuz, a key conduit for global oil shipments. The offer follows phone talks between Iranian Foreign Minister Abbas Araqchi and Japanese officials amid heightened tensions from the...
Oil prices have surged amid the Iran war, sharply raising fuel costs for Hong Kong’s truckers, cab drivers and commuters. Lawmakers have urged the government to introduce temporary fuel subsidies to ease the burden. The opinion piece argues that subsidies...
Nordeco, a long‑standing electric cooperative in Davao, retains franchise rights until 2028 on the mainland and 2033 on Samal Island, giving it legal standing to challenge Davao Light’s asset takeover. A recent court ruling granted Davao Light temporary possession of...
India’s crude oil imports plunged 23% in the first half of March as the Strait of Hormuz remained closed, sharply curtailing Gulf deliveries. Refiners responded by nearly doubling purchases from Russia, which now accounts for about 44% of total imports,...
