Energy News and Headlines
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Every morning
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Tuesday recap
Uzbekistan’s National Electric Grid (NEGU) has issued a Request for Expressions of Interest to secure consulting services for the Uzbekistan Resilient Electricity Transmission Project, funded in part by an AIIB grant. The consultancy will cover technical, environmental, social, climate, economic, financial and procurement aspects, including preparation of the Project Concept, Project Appraisal Document and EPC‑Design‑Build documentation. The assignment is scoped at roughly 47 professional staff‑months over a twelve‑month period, with work slated to begin in June 2026. Firms must demonstrate at least a decade of feasibility‑study experience and prior IFI‑financed projects, including one contract of $1 million or more within the last five years.
The U.S. Nuclear Regulatory Commission has renewed Diablo Canyon’s operating license, allowing the plant to stay online through at least 2030. Originally slated to close in 2025, the deadline was extended by California lawmakers in 2022 because the facility supplies...
On Thursday, April 2, Fox Business aired a special episode of Larry Kudlow's program, featuring a roundtable on domestic and global economic policies. The show highlighted a presidential address and an interview with former Florida Attorney General Pam Bondi focusing...
Former President Donald Trump’s warning of further strikes against Iran sparked an immediate surge in oil markets, with Brent crude climbing over 8% and U.S. West Texas Intermediate briefly exceeding $110 per barrel. The rhetoric revived fears of prolonged disruption...
May NYMEX natural gas futures slipped 1.9 ¢ to $2.80 per MMBtu, marking the first decline of the month. The drop was driven by an unexpectedly large weekly storage build, which lifted inventories above seasonal norms. Analysts attribute the easing to...
The piece titled “Comparative Fuels” offers no substantive text, but its headline signals a focus on the emerging segment of alternative and renewable fuels. Industry analysts project the global comparative fuels market to exceed $250 billion by 2030, driven by stringent...
Saudi Arabia rerouted most of its March crude shipments to the Red Sea port of Yanbu, pushing crude exports to an average of 5.3 million barrels per day and refined product exports to about 800,000 b/d. The 1,200‑km East‑West pipeline reached full...
The USDA’s Rural Business Cooperative Service announced a pause on Rural Energy for America Program (REAP) awards while it rewrites regulations to comply with a 2025 executive order that targets wind and solar subsidies. REAP, a bipartisan initiative, has funded...
The United Kingdom convened virtual talks with over 40 nations to form a coalition aimed at reopening the Strait of Hormuz, which Iran has effectively blocked since its war began on Feb. 28. The United States was absent, with President Trump...
President Trump told the nation the United States does not rely on the Strait of Hormuz for oil, trying to calm markets after his ambiguous pledge to hit Iran hard. Nobel economist Paul Krugman countered that gasoline represents less than...
Morgan Stanley is urging investors to adopt a defensive stance as the Iran‑Israel conflict pushes oil prices sharply higher. West Texas Intermediate futures surged more than 11% to $111.54 per barrel, the highest close since June 2022, while Brent rose...
The White House’s Maritime Action Plan (MAP) offers a framework to introduce floating nuclear power plants and nuclear‑propelled vessels into the U.S. fleet, targeting strategic gaps in the Arctic and Indo‑Pacific. MAP’s focus on rebuilding the commercial fleet, modernizing regulations,...
Western‑insured, primarily Greek‑owned, tankers are still loading Russia's Urals crude at Black Sea and Baltic ports. The FOB price of the blend has risen to roughly $100 per barrel, more than twice the EU price‑cap of $44.10. Despite heightened sanctions,...
Iraqi state marketer Somo has signed a contract to export 50,000 barrels per day of crude oil by truck through Syria to the Mediterranean, marking the first such shipment. The route will deliver the oil onward to European customers, offering...
The U.S.-Iran conflict has shut the Strait of Hormuz, cutting roughly eight million barrels of oil per day—about eight percent of global demand—and driving prices sharply higher. In response, the Philippines, South Sudan and Mauritius have declared emergencies or begun...
National avgas prices rose in March, with 100LL full-service averaging $6.80 per gallon, a 5.9% increase from February. Self‑service 100LL climbed to $5.69, up 4.7%, still offering roughly 16% savings where available. Jet A full-service prices jumped to $7.64, a...
The U.S. Energy Information Administration reported a 36 billion‑cubic‑feet (Bcf) increase in natural‑gas inventories for the week ending March 27, pushing net working inventories to 1,865 Bcf. The build reflects a modest supply surplus after a relatively mild winter heating season. Analysts note...
The Range Global Coal Index ETF (COAL) saw assets double in March as investors rushed into coal amid heightened energy‑security concerns triggered by the Persian Gulf conflict. COAL climbed just over 11% in the month and has delivered roughly 60%...
President Donald Trump warned of a two‑to‑three‑week escalation against Iran, sending oil markets into a frenzy. Brent crude surged more than 10% to breach the $100‑per‑barrel mark, while the 10‑year Treasury yield climbed above 4.3%. Mortgage rates followed, jumping to...
Southwest Power Pool (SPP) officially expanded its service territory on April 1, 2026, becoming the first regional transmission organization to operate across both the Eastern and Western Interconnections. The expansion now covers roughly 732,000 square miles in 17 states, serving about...
New York has added $50 million to its clean‑energy workforce initiative, bringing total funding to $320 million. The money backs the Clean Energy Career Pathways Training and Technical Skills Training and Upskilling programs administered by NYSERDA. The state already hosts over 6 GW...
U.S. drilling activity nudged higher this week as Baker Hughes reported a total rig count of 548, up from 543 the prior week. Oil rigs increased to 411, while natural‑gas rigs rose to 430. Crude oil prices jumped to $110.75...
The U.S. Department of Energy announced a second round of exchange contracts to loan up to 10 million barrels of sour crude from the Strategic Petroleum Reserve, with 2 million barrels available in April and 8 million in May. Companies must return the...
Chemists at the University of Edinburgh have demonstrated a hybrid bio‑catalytic process that turns bread crumbs into hydrogen for hydrogenation reactions. By pairing E. coli that ferment waste‑derived glucose with a palladium catalyst, the team achieved a 94% yield of the...
Indian Oil Corporation Limited has ramped up its auto‑LPG supply in Karnataka as demand spikes following the shutdown of more than 300 private outlets. The state‑wide network now operates 55 Auto LPG Dispensing Stations, handling an average of 59.53 metric...
The Hawke’s Bay Chamber of Commerce is convening an Energy Summit after a survey of its Leaders Circle identified soaring energy costs as the region’s top business concern. Recent events—including Pan Pac’s two‑week pulp‑mill shutdown when wholesale electricity spiked to...
Solar-focused Invesco Solar ETF (TAN) has surged 16% year‑to‑date and 62% since President Trump’s return, outperforming most sectors. Technical analysis shows the fund trading between $52 and $60, with MACD and RSI turning positive, indicating a likely continuation of the...
Algeria announced a second onshore licensing round slated for April 19, aiming to attract roughly $60 billion in upstream investment between 2025 and 2029. The initiative seeks to expand the country’s oil and gas output, reinforcing its role as a critical energy...
Crude oil prices have surged past $100 a barrel, delivering a short‑term windfall for oil‑producing states that rely on severance taxes. Alaska’s revenue forecast rose to $6.5 billion, up $0.5 billion from the prior estimate, while North Dakota and Alaska already collect...
Toroidal transformers use a solid, gap‑free ring core that keeps magnetic flux confined, delivering roughly 40% lower energy loss and up to 80% less magnetic leakage than traditional E‑I designs. The tighter flux path also reduces heat, extending service life...
Black Hills Corp. (NYSE: BKH) and NorthWestern Energy (NASDAQ: NWE) received shareholder approval for their all‑stock merger, creating Bright Horizon Energy Corp. The combined utility will serve roughly 2.2 million electric and gas customers across eight states. Closing is expected in...
Clean‑energy company BLUETTI has renewed its partnership with the nonprofit Leave No Trace, launching the Bio‑Based Elite 100 V2 Giveback initiative. The program pledges a $1 donation for every Bio‑Based Elite 100 V2 power station sold through September 30, 2026, supporting...
Chinese wind turbine maker Mingyang announced plans to pour more than $10 bn into renewable energy, green hydrogen and ammonia projects in Ethiopia. The pledge was disclosed by the Ethiopian Investment Commission following a business forum that secured over $13 bn in...
Oil prices breaking $100 per barrel in March 2026 have shifted energy markets toward reliability and security. GE Vernova, with a $200 billion equipment backlog and an $85 billion services backlog, is positioned to benefit from this trend. In contrast, First Solar’s...
Carbon Upcycling Technologies announced a $10 million financing round led by ATEL Ventures to commercialize its low‑carbon cement platform. The capital will fund the company’s first on‑site carbon capture facility at a major cement plant in Mississauga, slated to begin operations...
European diesel prices have climbed above $200 per metric ton, marking the highest level in four years. The surge is driven by supply disruptions stemming from the ongoing war in Iran, which has curtailed regional fuel exports. European refiners are...
India is accelerating its piped natural gas (PNG) rollout, targeting 30 lakh new connections across more than 150 high‑priority districts as West Asia tensions strain LPG supplies. The ministries of Petroleum & Natural Gas and Housing and Urban Affairs convened a...
Russia announced a full ban on gasoline exports from April 2 through July 31, expanding earlier limits to include all producers, including refineries. The decision follows a string of refinery outages that have shaved roughly 10% off domestic fuel output. By halting...
Chinese PV leader LONGi unveiled its integrated solar‑plus‑storage solution, LONGi One, shifting from multi‑vendor architectures to a single‑partner model. The offering combines LONGi’s back‑contact solar panels with its 5S storage platform, featuring the OneBank 2.0 AC/DC solution for utility projects and...
Cities across the United States are inflating residential solar costs by up to $7,000 due to cumbersome permitting, inspection bottlenecks, and outdated utility interconnection rules, according to a new report from Environment America and Frontier Group. Installers are increasingly bypassing...
Iran’s deputy foreign minister confirmed a draft protocol with Oman to monitor traffic through the Strait of Hormuz, emphasizing safety rather than restrictions. The agreement, described as post‑war housekeeping, includes plans to levy tolls on transiting vessels. Tehran frames the...
Solar industry partners Tigo, Greentech Renewables, and GOAT Solar donated a 5.72‑kW solar system for the 2026 St. Jude Dream Home in California’s Coachella Valley. The package includes a 3.8‑kW Tigo EI inverter, Tigo TS4‑A‑O MLPE devices, and installation services,...
The Trump administration issued a 30‑day waiver that temporarily allows Iranian crude to be sold at sea, aiming to ease global oil market pressure. Two weeks after the announcement, Asian buyers remain hesitant, citing heightened compliance and reputational risks. The...
California's Senate Bill 1221 mandates the creation of decarbonization zones where aging gas pipelines are retired and residents transition to electric appliances, funded by avoided pipeline replacement costs. The CPUC has preliminarily identified 151 pilot zones using a 10% pipeline‑replacement...
RS has partnered with HMS Networks to offer Red Lion industrial networking solutions tailored for oil and gas operations across the value chain. The portfolio includes FlexEdge IIoT gateways, N‑Tron Ethernet switches, and Graphite HMIs, all engineered for extreme temperatures,...
Ukraine’s state‑owned Naftogaz and U.S. energy‑technology firm Baker Hughes have signed a memorandum of understanding to explore joint projects across the entire energy value chain, from upstream exploration to power generation. The agreement emphasizes improving gas turbine and compressor efficiency,...
PERC (mono) solar modules jumped 20% in the United States, reaching $0.33 per watt between November 2025 and February 2026, while the overall average module price barely moved to $0.285/W. In contrast, TOPCon modules slipped to $0.28/W, making them cheaper than PERC...
TotalEnergies has sold a 50 % stake in its 800‑MW German battery storage portfolio to Allianz Global Investors for about €500 million (≈$577 million). The portfolio comprises 11 projects under construction, delivering 1,628 MWh of capacity and slated for commercial operation within two years....
Power outages disproportionately affect a handful of U.S. states, with Texas, California, Florida, Michigan, Ohio, Pennsylvania, New York and Louisiana topping the rankings. Extreme weather—hurricanes, wildfires, ice storms—and aging, sprawling grids drive higher outage hours and customer impacts. The frequency...
New Zealand’s newly appointed energy minister has publicly questioned the viability of the country’s planned liquefied natural gas (LNG) import terminal. The skepticism comes as the war in the Middle East has driven global LNG prices to multi‑year highs, making...
