Energy News and Headlines
Energy News and Headlines
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EMAIL DIGESTS
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EMAIL DIGESTS
Daily
Every morning
Weekly
Tuesday recap
The escalation of the U.S.-Israel-Iran conflict has driven Brent crude above $100 per barrel, creating a global energy shock. Simultaneously, the Philippines faces a summer heat‑index surge that will require roughly 3,340 MW of additional peaking capacity to keep the grid stable. Rising oil, LNG and diesel prices are inflating transport and electricity costs, pressuring the peso and broader inflation. The author argues that aggressive energy‑efficiency measures are the quickest, cost‑effective defense against these twin supply‑demand stresses.
Brent crude has breached the $100‑per‑barrel threshold, prompting oil‑intensive firms to accelerate hedging programs. Market strategists advise a mix of forward contracts, options, and swaps to lock in fuel costs while preserving upside potential. Daimler Truck CFO Eva Scherer highlighted...
Oil prices surged to $100 a barrel as the Iran‑Hormuz crisis intensified, prompting a wave of individual buying in the United States Oil Fund (USO). USO attracted nearly $1 billion of inflows and has risen about 46% since the conflict began,...
Oil prices have spiked above $100 a barrel as the war in Iran forces the Strait of Hormuz to close, prompting the International Energy Agency to label the disruption the worst in history. Australian economists and the RBA’s futures market...
Shares of the world’s oil super‑majors have surged to record levels following the US‑Israeli strike on Iran, driving oil prices above $117 a barrel. In the two weeks since the conflict began, the combined market capitalisation of the six listed...
Maersk Offshore Wind officially christened its new 40,000‑ton wind turbine installation vessel, Maersk Viridis, on the ship’s main deck. The vessel features a Jones Act‑compliant feeder‑based installation system with stabilizing technology for high sea states. Maersk Viridis will sail to...
SN Aboitiz Power (SNAP) operates four hydro plants totalling over 600 MW in Luzon, providing ancillary services that stabilize the Philippine grid. The company’s flexible, fast‑response hydropower supports frequency regulation, contingency reserves, and dispatchable power during peak demand. SNAP is expanding...
The Petroleum Association of the Philippines urged greater use of indigenous natural gas to curb rising electricity costs amid a global oil crisis. PAP chair Donnabel Kuizon Cruz highlighted that power generated from the Malampaya gas field costs roughly P4.80...
An Indian‑flagged Suezmax tanker, Jag Laadki, loaded with about 80,800 tonnes of Murban crude, left Fujairah for India on March 15, despite a drone strike that damaged the UAE’s key oil terminal the day before. The vessel’s safe departure marks the...
The UK government will launch Allocation Round 8 (AR8) renewables auction in July, part of a broader energy‑security package prompted by the Middle‑East conflict. The timetable is intended to give clean‑energy investors certainty and includes the first eligibility for plug‑in solar...
New Zealand faces a looming fuel shortage as the government reports only about 58 days of petrol and 50 days of diesel reserves amid a global oil crisis triggered by Iran’s closure of the Strait of Hormuz. At the same time, the coalition...
Chevron and Shell are nearing landmark production agreements in Venezuela, the first major deals since the January political upheaval. The contracts would expand Chevron’s Petropiar project into the Ayacucho 8 block and give Shell access to the Carito and Pirital fields...
South Sudan officials have sought more than $2.5 billion in upfront payments from CNPC and ONGC, proposing repayment over 54 months via future crude sales. The request comes as the petroleum ministry operates without a political head amid legal battles involving...
Adani Power Ltd received a Letter of Award from Maharashtra State Electricity Distribution Company Ltd for a 1,600 MW power supply under a 25‑year agreement, with delivery slated for FY 2030‑31. The company won the bid as the lowest‑tariff provider, offering ₹5.30...
India's central government is actively scouting locations in Jammu and Kashmir for new hydropower plants, while reviving three to four stalled projects. Existing stations are undergoing desilting to boost reservoir capacity. Parallel studies are evaluating water‑ diversion corridors that could...
Delhi Chief Minister Rekha Gupta warned against LPG hoarding and panic buying, assuring citizens the supply will normalize soon. Oil‑marketing companies (OMCs) confirmed that domestic LPG supplies remain secure and deliveries uninterrupted. The OMCs issued an advisory urging consumers to...
The Sustainable Aviation Fuel Association (SAFA) is urging India’s government to tap used cooking oil (UCO) as a feedstock for sustainable aviation fuel (SAF). It recommends extending producer‑responsibility schemes and building robust collection networks across restaurants, hotels and food processors....
India’s government announced a rapid spot‑LNG procurement to offset a 40% supply cut from Qatar, which has jeopardised domestic urea production. Petronet LNG invoked force majeure after tankers failed to reach Ras Laffan amid the West Asia conflict. The first...
Coal India Ltd (CIL), which produces about 80% of India’s domestic coal, pledged to keep electricity prices fair amid the West Asia crisis that threatens imported coal costs. The state‑owned firm holds 122 million tonnes of pithead inventory and 53 million tonnes...
State‑owned oil marketing companies (OMCs) are weighing a freeze or discount on the refinery transfer price (RTP), paying refiners less than import‑parity rates to curb losses from a retail fuel price freeze. Global crude prices have surged above $100 per...
The Philippine National Police (PNP) announced intensified monitoring of gasoline stations that abruptly close amid soaring fuel prices linked to Middle East tensions. Police Chief Jose Melencio C. Nartatez warned of possible hoarding and price manipulation, pledging swift action against illegal closures. The...
New research from ETH Zürich and PSI finds that electric vehicles paired with off‑grid solar can already be cheaper than petrol cars in many African markets, especially where financing conditions are favorable. Falling battery prices and expanding global EV production...
Italy is reviving its nuclear program after a 40‑year ban, driven by soaring gas prices and energy security concerns. Prime Minister Giorgia Meloni’s cabinet approved a legal framework in 2025, targeting a national nuclear strategy by 2027. The government is consulting...
Kevin O'Leary warned that Iran's threat to mine the two‑mile‑wide Strait of Hormuz underscores the world's ongoing reliance on oil. He highlighted that oil is the only commodity used across every sector, including by adversarial nations. O'Leary noted that securing...
Diesel and gasoline prices in the Philippines are set to spike again this week, driven by the ongoing war in the Middle East. The Mean of Platts Singapore benchmark, combined with freight costs, suggests diesel could rise up to P23...
Meralco announced scheduled power interruptions across Metro Manila and the provinces of Batangas, Cavite, Laguna, Quezon and Rizal this week. The outages, ranging from early morning to afternoon, stem from line reconductoring, pole replacements and the installation of primary line...
Vingroup’s VinFast has launched a “Trade Gas for Electric” campaign in the Philippines to cushion consumers from a historic fuel price surge of up to P24 per liter. Running March 11‑31 2026, the program offers a 3% discount on electric cars, a...
The Democratic Republic of the Congo’s Deputy Prime Minister Daniel Mukoko Samba met with the Professional Group of Petroleum Product Distributors on March 10, 2026 to assess global oil market volatility. The discussion focused on the recent Brent crude surge...
The Democratic Republic of Congo and TotalEnergies met in Kinshasa to review the Ruzizi III hydropower project, a 206‑megawatt plant slated to supply electricity to both the DRC and Burundi. Officials highlighted technical and administrative challenges that must be resolved to...
Powerful wind gusts across the Great Lakes region left nearly half a million customers without electricity and caused extensive property damage in Ohio, Pennsylvania and Michigan. Wind speeds topped 85 mph in Cleveland and 66 mph at Pittsburgh International, toppling structures and...
Construction of the Vineyard Wind 1 offshore wind farm off Massachusetts has been completed, delivering 800 MW from 62 turbines—enough for roughly 400,000 homes. The project survived a Trump‑era halt that cited national‑security concerns, but federal judges allowed it to resume. Developers Avangrid...
A forum post argues that the 30 million acres currently used for corn ethanol could be repurposed for solar farms, generating roughly three times the United States’ current electricity demand. It highlights that ranchers are already leasing land for solar and...
Jet fuel prices have spiked to $150‑$200 a barrel after the U.S.–Israel attack on Iran, more than doubling pre‑conflict levels. The surge, compounded by the closure of the Strait of Hormuz, is forcing airlines such as Qantas, SAS and Air...
Interior Secretary Doug Burgum has summoned the Endangered Species Committee, known as the “God Squad,” for a March 31 meeting to consider an exemption from the Endangered Species Act for oil and gas drilling in the Gulf of Mexico. The request...
The United States launched a missile strike against Iran’s Kharg Island terminal, the country’s main oil export hub, late Friday and early Saturday local time. The attack targeted the facility that handles roughly 30% of Iran’s crude shipments, aiming to...
Mach Natural Resources LP announced a 109% jump in proved reserves to 705 MMboe, driven by $1.3 billion of acquisitions in the Permian and San Juan basins. The company posted fourth‑quarter revenue of $388 million, net income $73 million and adjusted EBITDA $187 million, while full‑year...
The U.S. Energy Information Administration reported a record 118.5 Bcf/d of marketed natural gas production in 2025, up 5.3 Bcf/d from 2024. Appalachia, the Permian basin, and the Haynesville shale together supplied 67% of total output and drove 81% of the year‑over‑year...
OPEC’s crude output jumped 640,000 barrels per day in February, the steepest rise since June, driven largely by Saudi Arabia’s production increase. The kingdom lifted output by roughly 340,000 bpd to 10.34 MMbpd and later signaled an additional boost of about...
The Trump administration has initiated an 86 MMbbl drawdown from the Strategic Petroleum Reserve, the first phase of a 172 MMbbl release slated for four months. This move is part of a broader 400 MMbbl coordinated effort with allied nations to ease soaring...
Brett Arends argues that oil prices are unlikely to surge to $150 a barrel, despite recent sensational forecasts on Wall Street. He outlines three reasons to doubt the panic, emphasizing that speculative headlines often ignore market fundamentals. The piece critiques...
On March 4, 2026 Clean Energy Fuels Corp. announced an expanded suite of renewable natural gas (RNG) agreements covering trucking, refuse, transit, municipal and airport fleets across the United States. The contracts include 2.1 million gallons for Ecology Transportation’s 150‑truck fleet in the...
Tigo Energy announced a strategic partnership with regional distributor CELTEC to bring its rapid‑shutdown and optimizer portfolio to Central America and the Caribbean. The collaboration targets markets where NEC 2017 and NEC 2020 safety codes are becoming mandatory, starting with Panama. Central...
U.S. offshore wind reached two new milestones as CIP and Iberdrola finished installing the 800 MW Vineyard Wind 1 turbines and Ørsted’s Revolution Wind began delivering power from its 704 MW facility. The projects join the nation’s first commercial offshore farm, bringing total near‑term capacity...
Trump's war on Iran has driven European natural‑gas prices up 75 % in March, reviving interest in green hydrogen as a cheaper alternative to fossil‑based fuel. The surge in gas costs pressures industries that rely on cheap hydrogen, prompting investors to...
A Chevron station on Alameda Street in downtown Los Angeles is charging $8.31 per gallon, far above the city’s $5.37 average. The outlet, owned by Joe Bezerra Jr.’s Hawk II Environmental Group, sees minimal traffic despite the high price. Officials say the markup...
President Trump’s push to revive Alaska’s fossil‑fuel sector hit a setback when the first offshore lease auction in Cook Inlet received no bids. The administration’s 2025 executive order to open the Arctic National Wildlife Refuge and expand LNG projects has faced...
The ongoing U.S.-Israel conflict with Iran is beginning to ripple through the global energy market, prompting concerns about oil shortages and higher prices. A panel on Washington Week with The Atlantic highlighted rising gasoline costs and the lack of a...
U.S. gasoline prices have surged nearly 30% year‑to‑date, reaching $3.64 per gallon as the Persian Gulf conflict tightens oil supplies. Brent crude climbed to $103 a barrel and WTI to $98.7, up roughly 70% since the start of 2026, driven...
![Daimler CEO Just Dropped some Pretty WILD Pro-Hydrogen Claims [Update]](/cdn-cgi/image/width=1200,quality=75,format=auto,fit=cover/https://i0.wp.com/electrek.co/wp-content/uploads/sites/3/2025/09/hydrogen_semi.jpg?resize=1200%2C628&quality=82&strip=all&ssl=1)
Daimler Truck CEO Karin Rådström used LinkedIn to champion hydrogen, claiming it can complement electric trucks and that building a hydrogen refueling network would be cheaper than expanding the electric grid. The company’s fuel‑cell fleet has logged roughly 200,000 miles,...
Thailand’s energy ministry and state‑oil giant PTT met with Cheniere Energy to boost LNG imports from the United States. The parties aim to raise annual deliveries from 1 million to 1.3 million tonnes under a long‑term contract lasting until 2041. They also...
