Energy News and Headlines
Energy News and Headlines
Energy Pulse
EMAIL DIGESTS
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Tuesday recap
EMAIL DIGESTS
Daily
Every morning
Weekly
Tuesday recap
The International Energy Agency warned that countries should not hoard fuel as the war involving Iran escalates, fearing supply disruptions could tighten global markets. Iran, an OPEC member, accounts for about 4% of world oil output and controls the strategic Strait of Hormuz. The IEA cautioned that panic buying would push oil prices higher and urged coordinated use of strategic reserves. It called for transparent communication to keep markets stable amid heightened geopolitical uncertainty.
Japan relies on Middle‑Eastern crude for 94% of its oil, with 93% transiting the Strait of Hormuz. A closure of the strait has forced the government to tap its strategic reserves, now covering roughly 230 days—about eight months—of consumption. Because...
EQT Corp, a leading natural‑gas producer in the Appalachian Basin, is positioned to profit from the accelerating shift toward cleaner energy. The U.S. Energy Information Administration forecasts spot gas prices rising to $3.76 per MMBtu in 2026, bolstering EQT’s revenue...
Lion Energy has secured Silver City Drilling’s SCD‑20 rig to drill the Bula Karang‑1 offshore wildcat in Indonesia’s East Seram PSC, targeting an unrisked 12 million‑barrel oil resource. The well, slated for a July spud, will deviate about 1,000 m offshore and...
On April 4, 2026, Iranian drones struck Kuwait Petroleum Corp.’s headquarters, igniting a fire and prompting evacuation. The building also houses Kuwait’s oil ministry, underscoring the attack’s symbolic targeting of the nation’s energy sector. The strike follows a series of...
On April 4, President Donald Trump and Israel warned Iran to reopen the Strait of Hormuz or face attacks, while U.S. agents detained the niece and grand‑niece of the late General Qassem Soleimani, revoking their green cards. A Russian drone strike...
Amid oil prices breaching $100 per barrel and the Strait of Hormuz effectively shut, Treasury Secretary Scott Bessent announced the U.S. would temporarily lift sanctions on roughly 140 million barrels of Iranian crude already stranded at sea. The unsanctioned oil is...
The USDA’s Empowering Rural America program awarded $231 million to the Questa Hydrogen Project, a green‑hydrogen venture on a former Chevron Superfund site in New Mexico. The plan pairs a 50‑MW solar farm with electrolyzers that will store up to 16 hours of...
APM Terminals has equipped Pier 400 at the Port of Los Angeles with twenty new Orange EV electric terminal tractors, bringing its fleet of electric yard equipment to 22 terminal tractors and 36 other vehicles. The electrification cut truck idle time by...
A fragile web of commodity chains—oil, gas, naphtha, fertilizer, helium and logistics—is shifting from price volatility to deliverability risk. Physical shortages are surfacing even as paper markets appear stable, and the next two weeks could see cascading disruptions that spark...
The article explains that 88‑octane gasoline, often labeled E15, contains 15% ethanol versus 10% in standard 87‑octane fuel. It typically costs about $0.30 per gallon less, offering modest savings for drivers of 2001‑and‑newer vehicles. Ethanol’s oxygen‑rich chemistry cuts greenhouse‑gas emissions...
Southeast Asia saw sharp fuel price hikes in early 2026, with the Philippines posting a 54.2% increase, second only to Myanmar’s 55.4% surge. Thailand kept pump prices low by draining its Oil Fuel Fund at roughly $70 million per day, while...
Vietnam announced that its domestic fuel stocks will meet demand through the end of April 2026, despite heightened global oil market turbulence caused by the escalating Middle East conflict. The government activated a long‑term fuel‑supply scenario, boosting refinery output and...
Crude oil futures posted notable gains last week, with Brent climbing to $109 per barrel and India’s MCX crude reaching an all‑time high of roughly $125. Brent’s 7.8% jump on Thursday kept the bullish bias alive, while the MCX contract...
The Indian government announced that it will disburse the remaining ₹17,500 crore (≈ $2.1 billion) LPG compensation to the three oil‑marketing companies in FY27, spread over seven equal tranches. This payment completes the ₹30,000 crore (≈ $3.6 billion) package approved in August 2025, which was intended to...
The U.S.–Iran war has triggered a sharp rise in diesel and jet‑fuel prices, turning fuel costs into a de‑facto tax on American businesses and consumers. Moving‑company College Hunks sees its fuel expense share double from 3‑5% to 6‑10% of revenue, while...
Amid the escalating Middle East conflict, a handful of vessels—including French and Japanese‑owned ships—have resumed transiting the Strait of Hormuz, easing a near‑three‑week blockade that has strained global oil and LNG flows. The war has also triggered a cascade of...
Turkey is debating whether to raise electricity and natural‑gas tariffs as global energy costs climb, potentially adding roughly $14 billion to the state budget. Any adjustment requires President Recep Tayyip Erdogan’s sign‑off and could complicate the country’s aggressive disinflation programme. The government...
Turkey’s energy regulator announced steep hikes in electricity and natural‑gas tariffs, raising household electricity rates up to 25 % and introducing consumption‑based pricing. Public‑private services see a 17.5 % electricity increase, while industrial users face roughly 6 % rises for both electricity and...
Austria, Germany, Italy, Portugal and Spain have asked the European Commission to introduce an EU‑wide windfall tax on energy companies profiting from the Iran war, echoing the 33% excess‑profit levy applied after Russia’s invasion of Ukraine. The ministers propose a...
Neyveli Uttar Pradesh Power Limited (NUPPL) linked the third 660 MW unit of its Ghatampur thermal power project to the 765 kV national grid on April 3, 2026, marking the final step toward full commercial operation. The plant’s total capacity of 1,980 MW now...
Tom Steyer, a billionaire cleantech investor and Democratic gubernatorial candidate, proposes cutting California electricity bills by at least 25% through retail competition, microgrids, and AI‑driven grid efficiency. He argues the state’s legal utility monopoly inflates costs, while experts contend that...
The Indian Petroleum Ministry urged citizens to use digital platforms for LPG cylinder bookings and avoid unnecessary distributor visits amid heightened supply risks from the Strait of Hormuz closure. It announced extended booking intervals—25 days in urban areas and up...
India’s Ministry of Petroleum and Natural Gas refuted claims that an Iranian crude cargo destined for Vadinar was rerouted to China, labeling the reports factually incorrect. The ministry emphasized that Indian refiners continue to source crude from more than 40...
India’s major cities have lifted the 10‑litre cap on auto‑rickshaw LPG refuelling after supply improved, yet commuters are confronting longer queues and higher fares. Drivers now demand 50‑60% occupancy to break even, earning roughly ₹96 (≈$1.15) per trip while spending...
Maharashtra’s Sambhajinagar district police busted an alleged LPG pilferage racket, seizing about 35,220 kg of gas—enough for roughly 2,480 households—and equipment worth ₹1.26 crore (≈$152,000). The raid, conducted by a state‑level flying squad, recovered two tanker capsules, 17 filled cylinders and specialised...
Delhi’s Food, Supplies and Consumer Affairs Department issued an order on April 2 that ties commercial LPG cylinder eligibility to a piped natural gas (PNG) connection—or a formal application for one—where network infrastructure exists. Businesses must register with an oil marketing...
U.S. gasoline prices have surged past $4 per gallon, the highest level since August 2022, driven by geopolitical tensions that have disrupted oil shipments through the Strait of Hormuz. The American Automobile Association and the Department of Energy explain that...
Torrent Gas increased compressed natural gas (CNG) prices by ₹2.50 per kilogram (about $0.03) in a major Indian city. The hike comes as commercial LPG cylinder rates rose to ₹2,078.50 (~$25) after a ₹195.50 (~$2.4) increase, and aviation turbine fuel...
Aliko Dangote’s $20 billion refinery near Lagos, capable of processing 650,000 barrels of crude daily, is now operational and attracting premium fuel prices amid geopolitical tensions. The International Monetary Fund estimates the plant could lift Nigeria’s non‑oil GDP by 1.5% and...
Union Minister Pralhad Joshi warned that Karnataka’s decision to scrap road‑tax exemptions for electric vehicles could boost India’s crude oil imports and jeopardize its emission goals. The state’s new tax regime imposes a lifetime levy of 5% to 10% on...
Iran’s military may be weakened, but it continues to dominate oil shipments through the Strait of Hormuz, imposing tolls of up to $2 million per vessel. Daily transits have collapsed from roughly 135 vessels to only a handful, pushing oil futures...
India’s economy faces multiple pressures as the West Asia war fuels a global energy squeeze. Jet fuel prices have surged, squeezing airline fares, while the manufacturing PMI slipped to a 45‑month low of 53.9 in March, indicating a sharp slowdown....
Singapore’s retail petrol market faces new competition from Cnergy, which sells 95‑octane at about S$2.40 per litre (~$1.78). Incumbents like Shell and Sinopec counter with stacked discounts that bring their effective prices close to Cnergy’s, e.g., Shell’s price drops to...
Owner Leo Flores of Gorda by the Sea, the only gas station for miles along Highway 1 in Big Sur, is charging $9.99 per gallon because the pump software caps prices at $10. The station runs on diesel generators that consume five to six gallons...
PTG Energy, a SET‑listed oil trader, rejected accusations that it hoarded diesel during Thailand’s government price cap of 29.94 baht per litre (about $0.81) and later sold it at higher prices. The company said it will not sue accusers, calling the...
The Trump administration announced the creation of the Marine Minerals Administration, merging the Bureau of Ocean Energy Management and the Bureau of Safety and Environmental Enforcement. The consolidation is presented as a way to streamline offshore drilling permitting while preserving...
Thailand’s cabinet is weighing several measures to cushion consumers from soaring global crude prices, but it stopped short of regulating the gross refining margin (GRM), the spread that drives retail fuel costs. The GRM, tied to Singapore’s Mean of Platts...
The Iran‑Israel conflict has forced the closure of the Strait of Hormuz, instantly choking a key artery for global oil shipments. The disruption has triggered a sharp supply shock, pushing crude prices higher and exposing Asia’s heavy reliance on Middle‑East...
XCharge North America and JOJO Superfast have begun deploying an EV fast‑charging network across Illinois, launching nine sites with two already operational. Each location will feature four 200 kW C6 Smart DC chargers, primarily installed at Menards home‑improvement stores to capture...
AI‑driven data‑center operators are racing to build massive natural‑gas power plants, with Microsoft targeting 5 GW in West Texas, Google 933 MW in North Texas, and Meta adding 7.46 GW in Louisiana. The projects aim to secure "behind‑the‑meter" electricity to meet soaring AI...
Spring 2026 has become a record‑breaking season for U.S. renewables, highlighted by Texas ERCOT’s all‑time wind peak of 28.7 GW on March 14 and multiple solar records across major ISOs. The nation added 26.5 GW of utility‑scale solar and 5.7 GW of wind in...
The Minnesota Public Utilities Commission approved Phase 2 of Xcel Energy’s Capacity*Connect virtual power plant program, targeting 50‑200 MW of battery storage by 2028. The initiative marks the first U.S. utility‑owned VPP, where Xcel retains full capacity ownership rather than relying on...
U.S. farms operating biogas capture systems have more than doubled over the past five years, reaching over 630 installations according to the American Biogas Council. Dairy farms dominate the sector, accounting for nearly 80% of the projects, while California alone...
Construction has begun on Dannevirke's first solar farm, a 23‑megawatt (MW) facility expected to supply electricity for roughly 5,000 homes. The project, developed by Bright Fern Energy and built with materials from GameChange Solar, is 58% owned by an Australian...
Geronimo Power has placed its 117‑MW Dodson Creek Solar Project in Highland County, Ohio into commercial operation. The utility‑scale farm uses First Solar’s Series 7 modules that are manufactured in‑state, expanding Geronimo’s Ohio portfolio to 675 MW and delivering roughly $240 million in...
Oil prices surged past $140 a barrel as renewed U.S.-Iran tensions reignited market bullishness, pushing WTI and Brent to levels not seen since 2008. OPEC+ is weighing a 206,000‑barrel‑per‑day production increase for May, despite most members having cut output amid...
The Global Wind Energy Council (GWEC) reports that Asia’s offshore wind sector is accelerating toward parity with Europe by 2030. Japan commissioned its largest offshore wind farm, Hibikinada, in March 2026 and deepened industry coordination through a new MOU with...
Kenya’s top petroleum officials – the Petroleum Principal Secretary, KPC Managing Director, Epra Director‑General and a Petroleum Director – were arrested in a late‑night DCI operation linked to alleged illegal fuel imports and quality breaches. The probe focuses on a...
Constellation Oil Services Holding SA, a major deep‑water rig supplier to Petrobras, has extended three offshore drilling contracts and is eyeing Brazil’s Equatorial Margin and Pelotas Basin. CEO Rodrigo Ribeiro called Brazil the world’s best offshore drilling market, citing high‑quality...
