U.S. Diesel Stocks Hit 20-Year Low Amid Hormuz Closure
U.S. DISTILLATE STOCKS have fallen to the lowest for the time of year for more two decades as closure of the Strait of Hormuz creates a worldwide shortage of diesel and similar fuels. Since the war began, distillate inventories have depleted by more than 18 million barrels, the largest seasonal draw down since 2018, and well above the average draw of 9 million barrels over the last ten years. Inventories were 25 million barrels (-19% or -1.33 standard deviations) below the seasonal average on May 1 up from a deficit of 15 million barrels (-11% or -0.91σ) immediately before the war started:
Norway's Final Coal Mine Shuts, Atmosphere Remains “Fine”
The last coal mine in Norway (in Svalbard) just closed. Pretty ironic choice of words here: "the atmosphere is fine" (they mean the mood among people) https://en.highnorthnews.com/business/end-of-norwegian-mining-on-svalbard-as-norways-last-coal-mine-closes/1110556
Brent Projected to Average $170+ by Q2 2027
Once cumulative oil losses are fully priced, the base case starts to look a lot like the adverse case @Mgubel The path is volatile, but it pulls Brent toward a ~$170+ average by Q2 2027. #Oil #Brent #EnergyCrisis #DemandDestruction #Commodities #EnergyMarkets...
Energy Transition's Financial and Political Hurdles Explored
Professor Emily Grubert joins the Zero podcast to discuss the difficulty of managing the financial and political costs of the energy transition https://t.co/lmaFu7dp1J
Brent Crude Slides Below $100 on US‑Iran Deal Hopes
Good morning. Brent crude is currently trading below $100 per barrel on hopes for a US-Iran deal (CNBC chart). #oil #energy #economy #markets
CNA Acquires Severn Gas Plant for £370M,
#CNA bought the Severn Combined-Cycle Gas Turbine power station for £370m. Built in 2010 and expected to deliver annual EBITDA of £30 - £60 million from 2027, and accretive to EPS from first FY after completion.
Brent May Spike to $140, Then Settle Near $100
Base case: Brent pushes toward $140 by October Then demand destruction resets the market to a ~$100–105 clearing range. #Oil #Brent #EnergyCrisis #DemandDestruction #Commodities #EnergyMarkets #SupplyShock #Macro #Inflation #Energy https://t.co/rl6RmImm1d
Trump's Policies Cripple Domestic Oil, No New Reserves
Dumbest Trump idea since using chlorox to treat Covid You won't “find” major oil reserves under US military bases in the most explored petroleum province on Earth What happened to "drill, baby, drill" ? It never happened b/c Trump was too busy killing...
Japan Dispatches Senior Minister with PM’s Five‑point Proposal to ADNOC
Japan sent a senior minister for talks with the CEO of ADNOC, with a personal letter from the Prime Minister containing 5 proposals. No details on the proposals.
Oil Bulls Claim Both Paper and Physical Markets Mispriced
The bullish side of the oil street has gone from "the paper market is wrong" to "the physical market is also wrong."
Powering 150,000 Indian Homes Annually
Scale of Impact: The energy generated is estimated to be enough to power roughly 150,000 Indian households annually.
Shell Beats Estimates, Slashes Quarterly Buyback to $3B
BIG OIL 1Q EARNINGS: As everyone else among the majors, Shell also reports quarterly earnings above expectations on the back of high oil/gas prices. But the big news is that Shell has cut is buyback from $3.5 billion in the previous...
ADB Commits $70 B to Southeast Asia’s Energy, Digital Infrastructure
JUST IN: The Asian Development Bank is investing $70 billion in energy and digital infrastructure, highlighting Southeast Asia.
Australia Mandates 20% of New LNG for Locals
Australia will require its LNG producers to reserve 20% of its new gas production for the domestic market 🇦🇺🚢 The government aims to curb prices and avert shortages on the populous east coast. The gas industry AND environmentalists broadly oppose this https://t.co/9Nk7ADuxJe
Today's Oil Prices Boost U.S. Economy, Not Burden
"Oil prices are at similar levels to 2007." Truth: We have a long way to go to hit $148/barrel peak oil from 07/08 and on an inflation adjusted basis it was well over $200/barrel. We are far away from that...
Iran Crisis Highlights Global Oil Supply Security Risks
My panel discussion on @AJEnglish programme “Counting the Cost”, which tackled some key key big-picture questions around oil supply and energy supply security thrown up by the Iran crisis. https://t.co/8wzz9MElfI
Singapore Mandates Hydrogen‑ready Capacity for 2031 Tender
Singapore requires hydrogen-ready capacity in 2031 generation tender #energysky -- via pv magazine global: https://t.co/oZlp98Ru1f
Bold, Unchecked Risk‑Taking Needed to Scale Clean Energy
I had the good fortune to meetTed Turner several times in Aspen. He didn’t wait for permission to change the world. He saw opportunities and bet everything on it. That’s the same energy we need to deploy clean energy at...
Likhitha Lands ₹72.15 Cr Pipeline Contract, Boosting ₹900 Cr Market
Likhitha Infrastructure Limited has secured a ₹72.15 Crore (Excl. GST) contract from Hindustan Petroleum Corporation Limited for laying a cross-country pipeline with associated facilities, to be executed within 12 months. The order, categorised under Pipeline Laying Works-SCH B, is a...
Trump Backs Off Hormuz Plan After Saudi Base Ban
Trump's abrupt U-turn on a plan to reopen the Strait of Hormuz came after Saudi Arabia suspended U.S. access to its bases and airspace. - NBC
Hormuz Oil Flows to Drop to 40% Pre‑war Levels.
This is the most important chart of the day @Kpler projects flows thru the Strait of Hormuz to be at only 40% of pre-war levels a year from now. For all of you who have enjoyed criticizing Peak Oil for the last...
PV Module Recycling Efficiency Improves, IEA-PVPS Reports
C-Si and thin-film PV module recycling performance improving, says IEA-PVPS #energysky -- via pv-tech: https://t.co/bDCEBNo9OC
South Korea Bids $3.5B for Offshore Wind, Boosting Energy Independence
Another country fostering energy independence and benefits to their economy. South Korea advances $3.5B offshore wind project bid https://t.co/CdkIyTOC1y
Bloomberg Brent Misleads; Real Oil Near $150, Hits Poor First
$110 Brent exists only on a Bloomberg screen. The real barrel is trading closer to $150. There’s already a shortage—but it’s hitting poorer countries first So stock markets don’t care. 👇 https://t.co/b1WsmkK3e3 #Oil #EnergyCrisis #PhysicalMarket #SupplyShock #EnergySecurity #Hormuz #Commodities #Inflation #GlobalMarkets #EnergyFlows
US Solar Advances with Fab‑Tech 2026 Production Focus
Solar Fab-Tech USA 2026 – production and technology at the heart of US solar #energysky -- via pv magazine global: https://t.co/mqvXqrZEhX https://t.co/Bdfv8igo86
Join Tomorrow's Fox Business Show on Oil, Markets, Technicals
I'll be on with Maria B tomorrow am on @FoxBusiness at 710 am - talking oil, markets, Technicals and what's in store, Join if you're able- #TechnicalAnalysis #HalfCashHalfStock
Kharg Island Data Confirms Oil Stockpiles, Debunks Trump Claim
Kharg Island shows plenty of oil storage, says @TankerTrackers That's not a guess. It's supported by data Time to call out the lie One of so many from Team Trump When will we demand the Truth?
AI and Batteries Revive Australian Mining Grid Instantly
Fortescue’s chairman says AI and battery storage ‘healed’ Australian mining grid in nanoseconds #energysky -- via Energy Storage News: https://t.co/GkPXR561K6
Texas Market Structure Accelerates Low‑Cost Renewable Deployment
Christopher is right. I didn't want to get into all of this in a tweet, but Texas's market structure is fundamentally more friendly to building the lowest cost clean energy the fastest. That goes beyond just easy permitting (which is...
US Blockade Merely Noise; Strait Closure Signals Deeper Shift
The US blockade stopped 1 Iranian tanker. Party on, dude But the Strait is closed & will remain closed for a long time That's the signal. The blockade is noise. Everything from the Trump administration is noise. That's the real signal.
Hallador Secures 12-Year Capacity Sale to Utility
$HNRG - Hallador signed a 12-year agreement to sell a substantial portion of its accredited capacity to a subsidiary of a utility for planning years 2028 through 2040 Nice... https://t.co/tLRxnnItwl
Oil Beneath US Bases Being Produced, Not Secret Stockpile
In case you are wondering what this is all about — It’s not like there is a secret oil stockpile under military bases. This is about the producing oil from land underneath US bases within oil fields. Not a quick refill...
Disorder Enables High Efficiency in Lead‑Halide Perovskites
Scientists discover why lead-halide solar perovskites work efficiently despite being structurally ‘messy’ #energysky -- via pv magazine global: https://t.co/NTeLaiE7Uw
WA Leads Renewables Yet Resists Gas Phase‑Out
Emissions targets, LNG, and an electrifying future: WA is Making History on Renewables but Can’t Accept Gas is Dying Fossil fuel squeeze to the exit continues https://t.co/SSi7FP1KqA @PeterNewmanCUSP @CurtinUni @ProfRayWills @uwanews https://t.co/bGRlyMKinA
China Discovers 8.8 Bn‑barrel Oil Field in Iraq
Tough times for Iraq...but good news for the future of its oil sector. China's Zhenhua finds 8.8 billion bbl oil field in Najaf province near the Saudi border. This is a long way from any previous discoveries either in Iraq or...
Secure Full ITC Value by July 4 for 2030 Success
The Safe Harbor Playbook: Lock in Full ITC Value by July 4th and Win Through 2030 #energysky -- via Solar Power World: https://t.co/dNPpEw4bQC
Solar PV and Storage Cuts Slash Firm LCOE
Solar PV and storage cost declines drive rapid fall in ‘firm LCOE’, says IRENA #energysky -- via pv-tech: https://t.co/goMxYCkjL3
Australia’s Coal‑heavy Grid Thwarts Data‑centre Green Ambitions
I saw someone recently claim that Australia should be a 'data centre superpower' (🫠 ) because if they don't, the tech companies would just build their project on America's dirty grid instead. Probably a good time to remind everyone that Australia...
Power Hinges on Meeting Demands; Toll‑free Hormuz Navigation Essential
Basically “you can survive and stay in power if you do what we want.” Though “opening Hormuz” needs to spelled out clearly - no tolls, no harassment of ships and no insisting on routs other than the TSS. That’s the only...
Australians Back Fuel Tax Credit Cap, Unaware of Miner Profits
Survey finds most Australians support fuel tax credit cap, and didn’t know miners pocketed so many billions #energysky -- via Renew Economy: https://t.co/CCOtcJYdTw https://t.co/ryALDk3yZZ
Critics Slam $10 B Fuel Reserve ‘Future‑Proof’ Plan
National fuel reserve “future-proofed” in $10 billion plan, but critics say it is “junk logic” #energysky -- via Renew Economy: https://t.co/K8NzDiBHjt https://t.co/ehwsXNeg3M
Trump Admin Explores Tapping Base Oil Reserves
The Trump administration is studying using oil under land at US military bases and other sites to help refill the nation’s depleted emergency reserves https://t.co/4M4dUQNBNM
US Oil Plunges 13% on Iran Headlines Volatility
US oil price action today was nuts today. WTI dropped as much as -13.6% at the days low and looking to end the day down around -6.3% Tthe reactionary and skeptical elements of US-Iran headlines drive this volatility. Second biggest 'lower...
Tiny Price Elasticity Could Boost Canadian Output Dramatically
If the Canadian oil supply elasticity with respect to oil price were even 1/200th of the claimed oil supply elasticity with respect to average carbon pricing costs, we'd be producing 26 million barrels per day by next Tuesday. All numbers...
Arizona Solar-Storage Project Powers California Utilities
Arizona solar + storage project comes online to benefit California utilities #energysky -- via Solar Power World: https://t.co/h1ICWBWrUn
Signature Solar Opens Reno Hub, Eyes South Carolina Expansion
Signature Solar announces Reno, NV distribution center, targets South Carolina for next facility #energysky -- via pv magazine usa: https://t.co/RABhCVyLPW https://t.co/fRlPSIEh70
Only a COVID‑scale Demand Shock Offsets Hormuz Closure
"only thing that could possibly offset the supply lost due to the closure of the Strait of Hormuz would be another exogenous COVID-level demand destruction event" https://t.co/PPzI5Mt2Ni
WTI Crude Plummets 6% to $77, Possible False Breakout
December WTI crude oil futures slammed 6%... down to $77... was that a false breakout? https://t.co/QzrbXc0P6e
Denmark's Grid Overloaded: Data Centers Demand Optimization
Another country facing issues from data center demand. We need to refocus on optimization over assuming unlimited resources. Denmark faces data center reckoning as power grid overwhelmed by surging demand https://t.co/BNOTqpCMax #CIO #AI #DataCenter
Brent Outpaces S&P 500 in the Past Five Trading Days
Brent crude prompt futures (white) vs S&P 500 futures (blue) over the past 5 trading days https://t.co/EFvg7xDNWL