Renewables Dominate California Grid, Gas Down 60%
In 2023, there was not a single day until spring where WindWaterSolar met >100% of demand for part of the day on the California ISO grid. During winter 2026, so far there are already 45 of 68 such days (66%), and 18 straight. And gas use is now down 60% vs '23 Solar up 61%, batteries up 322% vs '23
ING Predicts Oil Market Shock if Hormuz Closes
What impact will closing the Strait of Hormuz have? ING takes a guess featured in the Chartbook Top Links of today. https://t.co/aiQTNxvQMb
Hormuz Closure Reverses WCS‑WTI Spread Amid Sour Crude Flow
Most of the crude that ships out of the Strait of Hormuz is medium-to-heavy sour Western Canadian Select at Houston vs WTI, which reflects a clean light-heavy quality differential, had weakened (widened) on Venezuela reentering the USGC market—Hormuz closure entirely reversed...
How IEA Emergency Oil Releases Actually Work
It's a while since the last IEA emergency oil release, so I put together a briefing note on how it works in practice as it follows a strict technical and diplomatic protocol. The below is a (simplified) guide to follow...
Trump's Quick End Threatened by Hormuz Oil Leverage
trump may want to end the iran war quickly. but closing the strait of hormuz or even threatening it keeps oil high and the conflict alive. @gzeromedia
Extreme Backwardation Signals Temporary, Overdone Oil Price Spike
You didn't have to be a genius to look at the extreme backwardation in the Futures curve for crude oil to call the current price spike temporary, and overdone. #CrudeOil
Buy Crude at 83‑92; Below $75 Signals End
If you are bullish crude on reescalation, this is the buy zone .. Equilibrium in CL1 should be 83/92 .. Single prints yesterday on trump comments in the 91/92 area. Below $75 (the first Sunday gap when the war started)...
Markets Question Reopening Timing Amid Falling Oil Prices
The hard thing for markets is reading this while oil prices are falling — I think the question is whether markets correctly anticipate a reopening before it happens or whether it needs a big headline.
EVs Leap Forward: 777km Range, 12‑Minute Charge
Re-reading the excellent Energy A Human History by Richard Rhodes and I'm struck by how much has changed re: EVs since it was published in 2018. BYD just announced a 777km range battery that charges in 12 minutes. Car's fast...
India Redirects LPG to Homes Amid Gas Shortage
INDIA GAS SHORTAGE 🇮🇳 ⚠️ India invoked emergency powers to redirect LPG away from industrial users to households LNG supplies to petrochemical and power plants are being curbed The crisis in the Middle East is throttling India’s LPG and LNG supply https://t.co/ujn00XTSnf
China Buffers Iran Oil Shock with Stockpiles, EV Shift
China Has Spent Years Preparing for the Iran Oil Crisis—Massive oil stockpiles and a shift to electric vehicles help insulate the economy from supply disruptions in the Mideast @BrianSpegele https://t.co/xq1mMRdTGu https://t.co/xq1mMRdTGu
Gas Hits $3.54, Adding $25 Monthly Tax
What a chart. Gas prices are now $3.54, up more than 55 cents since before the war in Iran began. This is the highest gas price ever under President Trump (including his first term). This is effectively a $25/mo. tax on most households....
Strait of Hormuz Disruption Threatens 20% of Global Oil Flow
🎙️ I was thrilled to rejoin @TheStalwart and @tracyalloway on the Odd Lots podcast to discuss the historic and ongoing disruption of traffic through the Strait of Hormuz, through which ~20% of the world's oil flows. This is it. This is...
Nasser's Point Is Valid; Aramco‑embargo Link Irrelevant
Nasser isn't spreading hyperbole. He's correct about what's happening. But, the assertion that this is notable because Aramco was the nexus of the 1970s oil embargo is...not relevant.
Oil Call Options Show Limited Upside Beyond $120
🚨 Call options on oil DO NOT indicate significant interest above $120/barrel. signals optimism oil-price rise may be contained. https://t.co/nlL7YR1ZsA
Market Easing on Trump Prolongs Strait of Hormuz Crisis
This isn’t over and the current market reaction, by reducing pressure on Trump, is only elongating the duration of the crisis and the physical disruption through the Strait of Hormuz. https://t.co/bMeee4CJjz
IEA to Decide Coordinated Emergency Oil Release Today
🚨The International Energy Agency is convening member governments later today to decide whether to conduct a coordinated release from members' emergency oil stockpiles. #energy #OOTT #IranWar
IEA Convenes G7 Ministers to Assess Oil‑gas Market
Today @IEA hosted a G7 Energy Ministers Meeting, chaired by Minister Roland Lescure of France, on the current oil & gas market situation We will hold an extraordinary meeting of IEA Member governments later today to assess market conditions My statement: https://t.co/ViR4Zc4Mhv...
War Drives Gas Prices up 18% in Eight Days
Yesterday was day 8 of the war. The national average of gas prices is up 54 cents (18%) since it started. Prices were up 6 cents yesterday. https://t.co/gCWn8VQcNz
Norway's $520M Hydrogen Ferry Contract Faces Cell Longevity Crisis
Today's #HydrogenSoufflé comes to you from Norway. In 2022 the Public Roads Administration awarded a 4.9bn NOK ($520 million) contract for 2 #hydrogen ferries. Internal documents found by NRK show the fuel cell lifetime may be <10% of the 7.5...
Europe’s Nuclear Cut Deemed Strategic Mistake, Admits Politician
Forward the video to 1.40: “… While in 1990, one third of Europe's electricity came from nuclear, today it's only close to 15%. This reduction in the share of nuclear was a choice. And in hindsight, it was a strategic mistake…” Good to...
Stay Cautious: Watch Oil at $100, Trust Trump Trade
Oil reversal. Stocks mixed. Gold up slightly. Dollar easing. Know what that means? Nobody knows what to believe right now Iran is hitting back, geopolitics are getting worse, but Trump says there's an off-ramp and the war ends soon Mixed signals everywhere....
Drone Hits Look Catastrophic, but Refinery Operations Persist
Exercise caution when drawing conclusions from reports of such incidents. Oil refineries are typically massive industrial complexes spread across vast areas. Drone strikes usually target specific components—like storage depots, processing units, or tanks—rather than the entire facility. An attack on one...
Skip Oil Frenzy; EM Differentiation Lifts Brazil, South Africa
Trump yesterday said war will be over soon. Oil tumbled. As I signaled over the weekend, better to steer clear of the frenzy around oil and focus on EM differentiation. That theme's only been traded for a few days and...
Oil Spikes in Response to Trump's Iran War Stance
My comments on oil's reax to Trump's Iran war declarations in conversation with @AJEnglish earlier today.
Massive USO Flush Restores Trend in Final Hour
the massive $USO flush in final hour ystdy just brought it back to trend... https://t.co/qZjWtShXON
EU Regrets Abandoning Nuclear, Says Von Der Leyen
The EU made a “mistake” in turning its back on nuclear energy, Commission President Ursula von der Leyen said https://t.co/T1wZ3ehaSG
Oil's Real Upside Remains Unpriced Amid Ongoing Tensions
$WTI hit $111 intraday. Pulled back to $97. Still up 70%+ YTD. Markets priced in a ceasefire that hasn't happened. The Strait of Hormuz is still closed. Unpopular opinion: the high for oil is not in yet. https://t.co/Ag4wJnGVhR
WWII U.S. Spare Capacity Went Negative, Oil Overproduced
For the history enthusiasts like my friend @Andrewtabler: During WWII US spare capacity actually went negative. In 1944, the oil industry pushed the fields beyond MSC to produce fuel for the final major offensives in the Pacific and Atlantic.
Bypasses and SPR only Buy Time; only Hormuz Reopening Solves
Oil bypass pipelines buy time, but don't solve the problem. SPR/IEA release would buy more time, but doesn't solve either. Ultimately, only one thing solves the problem: re-open the Strait of Hormuz. But rather than hitting the wall this...
Middle East Strikes and Oil Surge Amplify Global Risks
As strikes shake the Middle East and oil prices soar, what are the global ramifications of the US and Israel’s conflict with Iran? 🎥 Tune in LIVE as @TimOBrien discusses with @JavierBlas and @MarcChampion1 Tuesday, March 10 @ 8:30 am EDT...
Eight Experts Analyze Today’s Oil Market Landscape
8 experts express their views about current oil market conditions. 👇👇👇👇 click on the link, then change the language in your browser.
Berkshire Vows Massive Energy Investment, Confident Future Record
2019 Berkshire Hathaway meeting Warren: "We will put a lot of money into energy... In 10 or 20 years, our record [at BHE] will be looked at and there will be nothing like it." Charlie: "We're in marvelous shape in this department......
December Crude and Corn Futures Poised Below $55, $4.60
Massive Short Cleansing or New Bull Market? Crude May Follow Gas - The invisible hand can be quite efficient in autocorrelated commodities, and crude oil and corn producers may have just received a chance to hedge and bring on more...
Hedge Funds Keep US Gas Bets Low After Iran Attack
HEDGE FUNDS and other money managers had cut bullish positions in U.S. natural gas to the lowest for more than 18 months before the United States and Israel attacked Iran. Even after the attack and the closure of the Strait...
European Gas Prices Plunge 17% After Trump’s Market Reassurance
European gas prices drop after Trump’s effort to calm the market 📉📉 Dutch TTF futures fell as much as 17%, the biggest intraday decline since 2023 Prices had been steadily rising over the last week following the closure of the world’s largest...
Diesel Prices Jump yet Remain Below COVID Highs
Diesel prices have surged, but still far lower than the peaks set during COVID https://t.co/WJoutp3QcO
Export Routes Matter More than Production Amid US‑Iran War
As the US-Iran war goes on, focus on oil flow and not on oil production: What matters now is exports ex Strait of Hormuz, not well head output in KSA, UAE, Iraq, Qatar and Iraq. Yes, later is deteriorating, but former...
East-West Pipeline: Aramco's Final Buffer Against Hormuz
The comments from Saudi Aramco CEO Amin Nasser on the East-West pipeline, the last (and only partial) line of defence of the oil market against the Strait of Hormuz disruption (other than a SPR release) For background, my @Opinion column from...
Energy ETFs Edge Out Tech Over Five Years
fun fact: energy stocks $XLE beat technology $XLK stocks in % returns in the past five years... $XLE +116.1% $XLK +114.8%
Hormuz Closure Could Push Oil Past $200
HOW OIL COULD SURGE TO $200 AND BEYOND @tracyalloway and I talk with @Rory_Johnston -- typically one of the least-alarmist people in oil -- about how the longer the Straight of Hormuz is shut, the greater the likelihood of an...
Iran Conflict Sparks Volatile WTI Oil Prices
𝗪𝗵𝗮𝘁 𝗜𝘀 𝗛𝗮𝗽𝗽𝗲𝗻𝗶𝗻𝗴 𝘁𝗼 𝗢𝗶𝗹 𝗣𝗿𝗶𝗰𝗲𝘀? West Texas Intermediate crude oil (WTI) has recently shown erratic price movements following the military conflict involving Iran. Oil has long been a critical commodity supplied by the Middle East. Because of the geopolitical tensions that...
India’s Commodity Crisis Signals War’s Ongoing Economic Fallout
The Essential Commodities Act is now active - short supply of LNG gas - impact on petro products - plant shut-downs - Hotels unable to function - all of this has already happened in India in 24 hrs. But Trump is...
Aramco Nears Full East-West Pipeline Capacity, Boosting Red Sea Exports
Saudi Aramco says it expect to reach full capacity at its East-West pipeline to the Red Seat in next couple of days as oil tankers arrive to load. That’s ~7m b/d (or ~6m b/d above pre-war levels already exported via...
UK’s Gas Dependence Leaves Households Facing 60% Bill Surge
Britain is more exposed than other European economies to the latest movements in energy markets due to greater reliance on natural gas. Households are also in a fragile position as energy bills are still 60% higher than before Russia’s full-scale...
Oil Price Surge Exposes Need for Heat Pumps
Heating oil prices in the UK have trebled in a week. 2 million homes, no price cap protection, no warning. Heat pumps + solar are multiple times more efficient, don’t require an oil tank and oil deliveries and are an insurance...
Aramco Launches $3B Buyback, Re‑nationalising After IPO
Having IPO-ed only 6½ years and with a tiny free float, Saudi Aramco announces what effectively is a partial re-nationalisation with a share buyback of up to $3 billion over the next 18 months. That’s going to buy-back ~10% of...
G7 Energy Ministers to Discuss Oil, LNG Amid SPR Debate
G7 energy ministers are scheduled to hold a video call (involving the IEA too) today to discuss the oil and LNG markets. Yesterday, G7 finance ministers flagged a potential use of the oil SPR. Japan and several other north East...
China’s $250B Green Surge Ends Oil’s Geopolitical Power
Meanwhile, oil’s geopolitical leverage is being systematically vaporized: China alone is in the midst of a $250b green manufacturing spend outside China. To put that into perspective: that's more than the inflation-adjusted Marshall Plan. This is a tidal wave of...
2026 Energy Crisis Spurs Shift to Solar and EVs
Oil shocks and crashes: Where are we headed with the 2026 crisis? #oil #solar #EVs https://t.co/YJR9ZPQIRR https://t.co/TQRdwm55nX