Energy News and Headlines
Energy News and Headlines
Energy Pulse
EMAIL DIGESTS
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EMAIL DIGESTS
Daily
Every morning
Weekly
Tuesday recap
Saudi Aramco has launched a rare series of spot tenders offering roughly 4.6 million barrels of crude, covering Arab Extra Light, Arab Heavy and Arab Light grades. The move comes as the effective closure of the Strait of Hormuz forces shipments onto longer Red Sea routes, tightening global supply. Traders report the offers were made in the past few days, reflecting Saudi’s effort to keep the market fluid despite geopolitical disruption. This unprecedented tender underscores the kingdom’s role as the world’s largest crude exporter.
Oil prices surged dramatically on Monday, with Brent crude jumping 27% to $117.58 per barrel and U.S. crude climbing 28% to $116.51, marking the steepest daily gain since at least 1988. The spike follows heightened tensions in the Middle East,...
The article proposes a "Fair eGallon" metric that translates electricity prices into a gasoline‑equivalent cost by accounting for real‑world efficiency differences—20% for internal‑combustion engines and 80% for electric vehicles. Using the EPA’s 33.7 kWh per gallon figure, the Fair eGallon equals...
Vietnam's finance ministry announced a proposal to cut the most‑favoured‑nation (MFN) import tariff on selected petroleum products to 0 % effective until 30 April 2026. The move aims to broaden the supplier base and secure crude volumes as the US‑Iran war has disrupted...
Oil futures surged past $113 a barrel and Brent topped $114 as the U.S.-Israeli conflict with Iran escalated, pushing the Strait of Hormuz effectively closed. The sharp rally in crude sent gasoline price forecasts above $4 per gallon, while Dow...
TMK Energy reported a new daily gas production record at its Pilot Well in Mongolia, delivering over 900 cubic metres (31,800 scfd) primarily from the LF‑07 well. The output represents a 400% increase since August and a 50% uplift from...
Oil markets spiked dramatically as Brent crude briefly touched $119.50 per barrel, driven by heightened geopolitical risk from the Iran‑related conflict in the Middle East. Prices later eased to $107.20 for Brent and $103.18 for WTI after reports that G7...
One Nation senator Tyron Whitten disclosed a 0.00913% stake in Sky Energy Investments, a Victorian solar‑battery firm, despite his public opposition to large‑scale renewable projects. Whitten repeatedly argues that nuclear, coal and gas are cheaper than renewables and has labeled...
Exxon Mobil and Chevron jumped 3.6% and 3.5% respectively in after‑hours trading as WTI crude surged past $100 per barrel, boosting expectations for higher earnings and cash flow. Berkshire Hathaway fell 1.3% despite its Chevron stake, weighed down by a...
Breakwave Tanker Shipping ETF (BWET) has seen investor capital triple in 2026, driven by a sharp rally in oil freight rates linked to Middle East tensions. However, analysts argue its performance is overly dependent on the Strait of Hormuz conflict,...
Developers in Australia are increasingly adopting battery‑centric DC‑coupled architectures for utility‑scale solar‑plus‑storage projects. The design places the battery and its grid‑forming inverter at the core, using DC/DC converters to integrate PV, which reduces harmonic emissions, lowers connection study costs, and...
FuelCell Energy announced a sweeping restructuring that shifts resources to its proven molten carbonate platform while pausing broader solid‑oxide R&D, aiming to cut operating expenses by 30% versus FY2024. The company posted GAAP revenue of $37.4 million, narrowed its operating loss...
Oil prices have surged past the $100 per barrel mark, with West Texas Intermediate climbing above $108 and Brent exceeding $107, reflecting a 16‑18% rise since the start of the year. The jump is driven by escalating war risks in...
Prime Minister Keir Starmer warned that soaring oil prices, now above $100 a barrel for the first time since 2022, are pushing UK energy bills higher. He hinted the government may introduce measures to ease the cost‑of‑living pressure on households....
Australian manufacturers are facing heightened margin pressure as wholesale electricity prices swing dramatically within hours. GridBeyond’s FlexPilot framework proposes turning energy from a volatile cost into a controllable variable by integrating seven‑day price forecasts, machine‑learning optimisation, and digital‑twin simulations into...
Grid‑enhancing technologies such as FACTS and Advanced Power Flow Control (APFC) are allowing operators to move more electricity through existing transmission corridors without building new lines. By adjusting voltage, reactive power, and line impedance, these devices can increase usable transfer...
Kuwait Petroleum Corporation announced it will begin throttling oil production as domestic storage fills, a precautionary step ahead of potential forced shutdowns. The move follows Iran’s recent attacks on vessels in the Strait of Hormuz, which have severely constrained tanker...
U.S. officials defended a 30‑day waiver allowing Indian refineries to purchase Russian oil, aiming to ease market pressure as gasoline prices surged amid the Iran conflict. The waiver, announced by Energy Secretary Chris Wright and UN Ambassador Mike Waltz, seeks...
A mechanical failure at the Louisiana Offshore Oil Port (LOOP) on February 26 released roughly 31,500 gallons of crude into the Gulf of Mexico. Federal and state responders have recovered about 27,888 gallons and deployed 464 personnel, 60 vessels, and...
Australia’s latest greenhouse‑gas inventory shows a 1.9% drop in national emissions between September 2024 and September 2025, bringing quarterly emissions to 111.7 Mt CO₂‑e. However, the pace is far below the 3.9% annual cuts needed to meet the 2030 target of a 43%...
Goldman Sachs warned that global oil prices could breach $100 a barrel within days and climb to $150 by month‑end if the Strait of Hormuz remains blocked. Iran’s effective blockade has cut crude flows through the strait to roughly 10%...
Tamil Nadu’s power demand surged past 20,000 MW this week, reaching a peak of 20,211 MW – the highest daily load of the year and just shy of the all‑time record set in 2024. Daily electricity consumption climbed to 416.284 million units, driven by...
Sunsure Energy has signed long‑term solar power purchase agreements with Daeseung Autoparts India and Ilgahng Automotive, both part of South Korea’s Daesung Group, to supply power from its 75 MW Ilayangudi plant in Tamil Nadu. The contracts will deliver about eight million...
Abu Dhabi’s state‑owned oil giant Adnoc announced it has activated contingency protocols to keep crude flowing despite the Iran‑US‑Israel conflict disrupting tanker traffic through the Strait of Hormuz. The company is adjusting offshore production, leveraging the 1.5 million b/d ADCOP pipeline that...
The 13th Zambia International Mining and Energy Conference (ZIMEC 2026) will convene March 25‑26 in Kitwe, bringing together government officials, financiers, and global mining experts to chart Zambia’s mining and energy transition. With mining accounting for roughly 70% of export...
Kuwait’s state‑owned oil company KPC announced a precautionary cut to crude output and refinery runs after the Strait of Hormuz effectively shut down oil exports amid escalating conflict between the US, Israel and Iran. The firm issued a force majeure...
Kuwait's state‑owned oil company KPC announced a precautionary cut to crude production and refinery runs after the Strait of Hormuz became effectively closed following U.S. and Israeli air strikes on Iran. In February, Kuwait produced 2.59 million barrels per day, with...
A fire erupted at Bahrain's Sitra refinery after an Iranian missile strike, but the blaze was fully contained with no reported injuries and the plant remains operational. The incident comes as the refinery, part of a $7 bn Bapco Modernisation Programme,...
UAE utility giants Abu Dhabi National Energy Company (Taqa) and Etihad Water & Electricity confirmed that water and electricity services remain fully operational despite recent missile attacks in the region. Both firms activated risk‑management frameworks and precautionary procedures to safeguard...
Pakistan is turning to Saudi Arabia’s Red Sea corridor to import crude after Iran’s closure of the Strait of Hormuz following recent U.S.–Israeli strikes. The disruption threatens Pakistan’s already tight fuel supply, prompting the government to adopt aggressive conservation policies,...
India’s Ministry of New and Renewable Energy has issued the first national standards for green ammonia and green methanol, defining strict emission thresholds of 0.38 kg CO₂‑eq per kg of ammonia and 0.44 kg CO₂‑eq per kg of methanol. The standards outline...
Telangana’s Southern Power Distribution Company recorded a historic peak demand of 11,129 MW on Friday, eclipsing last year’s 10,310 MW. The Greater Hyderabad region also set a new high at 4,421 MW, while agricultural districts such as Nalgonda, Mahabubnagar and Medak each topped...
Punjab State Power Corporation Limited (PSPCL) has revised its distribution‑loss target to 10 % for FY 2026‑27, down from an earlier 12.75 % proposal and the regulator’s 11.80 % benchmark. The utility argues the sharp cut is justified by a time‑bound rollout of smart‑metering,...
South Bow Energy is pursuing binding take‑or‑pay agreements from Canadian producers to fund a new pipeline spur that would add 450,000 barrels per day of crude to its Keystone system. The line would feed directly into the existing Keystone network,...
Qatar’s energy minister Khalid al‑Kaabi warned that the ongoing Middle‑East conflict is creating a far larger shortfall in liquefied natural gas (LNG) than market participants anticipate. Damage to export terminals and logistical bottlenecks are curbing Qatar’s ability to meet its...
The International Energy Agency’s chief announced that global oil markets are currently well‑supplied, eliminating any immediate need to tap strategic inventories. While some regions continue to experience supply disruptions, the agency sees no justification for coordinated production cuts at this...
Oil prices surged to a two‑year high after Qatar’s energy minister warned that all Gulf oil and gas exporters could cease production within days amid the escalating Middle‑East conflict. Brent crude rose above $93 a barrel, and the minister suggested...
U.S. LNG demand is set to surge, but the Haynesville Shale’s production is waning, forcing gas producers to look beyond traditional sources. Analysts argue that the upcoming export capacity will be fed by a mix of basins—including the Permian, Marcellus,...
The United States is experiencing a rapid surge in artificial‑intelligence workloads, prompting a projected 30 percent increase in electricity demand by 2030. To satisfy this growth, utilities are turning to renewable natural gas (RNG) as a low‑carbon, dispatchable fuel for data...
A BlackRock‑led consortium will take AES private in a $33.4 billion deal, valuing the power producer at roughly $70 billion. The transaction underscores private‑equity interest in regulated energy assets amid soaring electricity demand. It also highlights the competitive pressure gas and nuclear...
The war in the Middle East has driven global oil benchmarks to multi‑year highs, yet U.S. gasoline prices have remained relatively modest. Ample domestic crude output and record‑high gasoline inventories have insulated the U.S. market from the price shock. Retail...
The Trump administration is weighing the use of the 1950 Defense Production Act to override a California state court order and restart an offshore oil pipeline serving Sable Offshore. A Justice Department opinion argues the law can preempt state consent...
Awilco LNG ASA announced a conditional private placement of 77.3 million new shares, raising roughly NOK 251.3 million (US$26 million). The proceeds will finance the launch of its ALNG Trading subsidiary, cover pre‑payments under its sale‑leaseback facilities with China Development Bank, and extend...
Arizona regulators unanimously approved the conversion of coal‑fired units at the Springerville and Coronado power plants to natural gas. Tucson Electric Power’s Springerville conversion is budgeted between $170 million and $200 million and targets gas operation by 2030, while Salt River Project’s...
Solar generators often list a 200‑watt panel rating, but that figure reflects ideal laboratory conditions, not everyday use. In real‑world settings, sunlight intensity, panel angle, temperature and efficiency typically reduce output to 50‑75% of the advertised number. Users must also...
Delivered prices for medium sour Alaska North Slope (ANS) crude hit a record high on Thursday, trading around an $8.30 per barrel premium to July Ice Brent, the highest since Argus began tracking in January 2018. Purchases by South Korean...
BP will conduct an 11‑day scheduled maintenance on the Central Azeri platform in August 2026, targeting only the gas infrastructure while oil output remains uninterrupted. The outage is notably shorter than the typical 19‑day window, thanks to the deployment of...
The U.S. Energy Information Administration reports that natural‑gas prices per thousand cubic feet vary widely, with Idaho at $6.80 and Hawaii at $51.74 as of December 2025. MoneyGeek’s 2025 winter‑heating study shows average seasonal gas bills ranging from $26 in Hawaii...
Southern States LLC announced a partnership with SkySafe to embed the latter’s cloud‑based drone detection and airspace intelligence platform into Southern States’ Layered Airspace Protection Strategy for utilities. The integrated solution offers real‑time identification, flight‑path history, and operator location, delivering...
South Bow Corp. has launched an open season for its proposed Prairie Connector pipeline, seeking binding commitments for 450,000 barrels per day of crude transport from Alberta’s Hardisty terminal to U.S. markets. The project will leverage existing Canadian permits originally...
