US Crude Stocks Drop; Distillates Hit 5‑year Low
EIA: US crude oil inventories decreased by 6.2 mb to 459.5 mb Significant products draw Distillates inventories are below the 5-year range https://t.co/s54OTlsxtI
U.S. Generates 2,000 Tons Nuclear Waste Yearly, Lacks Storage
In the US, nuclear reactors produce about 2,000 metric tons of high-level waste each year—and there’s nowhere to put it. Now, the need for a permanent storage solution is becoming urgent.
Republicans Push to Revive Clean Energy Tax Credits
Republican legislators seek to restore clean energy tax credits #energysky -- via pv magazine usa: https://t.co/poT6cNYzFv
US Growth Accelerates; Oil Deal Uncertain, Risk Assets Undervalued
So, I have quite clearly been too optimistic around settling terms with Iran (it admittedly looked like a deal to everyone that Friday a few weeks back), and it seems like both sides think they can afford to be strategically...
Two‑Way UPS Buffers AI Data Center Power Swings
AI data centers' wild power swings are a problem for grid stability. ON.energy's two-way UPS system can help. It acts as a buffer between the data center and the grid, protecting both from the other's fluctuations. https://spectrum.ieee.org/data-center-power-fluctuation?share_id=9434596
Bill Aims to Swap California Peakers with VPPs
A new bill would help VPPs replace peaker plants in California #energysky -- via Canary Media: https://t.co/aC9RiDROVe
Iran's Storage Capacity Far Exceeds Admin's Short‑term Estimates
This is the key calculation here - how much room in floating storage and in onshore facilities. Admin’s calc that Iran will have no room in a few days is clearly just wrong
Refinery Jet and Diesel Peaks Cut Other Outputs, Prices Rise
When oil refineries go "max" jet and "max" diesel, they (necessarily) also reduce output of other products. The market is starting to price it.
US Gas Prices Surge Again Under Trump Administration
CHART OF THE DAY: After a short relief period, US gasoline retail prices have climbed to another high under a Trump administration. (Coincidentally, President Trump met yesterday with oil CEOs. I bet the White House will be soon announcing new...
Electrification Cuts Bills by Spreading Fixed Grid Costs
Interesting talk from Aurora's Dan Monzani on how to cut electricity bills Highlights key role for electrification in cutting unit prices, by spreading fixed investment costs – in grid etc – across a larger pool of demand https://t.co/26RdTambx3
Post-Hormuz Crisis Redefines Global Landscape Forever
Let me repeat what I've emphasized before: The post-Hormuz Crisis world will be radically different from the one we knew before. This is a life changing event for nations, governments, thinkers, businesses, and individuals.
CEO Prioritizes Jet Fuel Over Diesel at Refineries
Total CEO Patrick Pouyanne says the company's instruction to its refineries is "max jet [fuel] first, and then max diesel."
Markets Price Oil, Ignore Systemic Supply Chain Risks
Markets are pricing oil, not the system, writes @annerquaye Chips, chemicals, logistics… all exposed. Markets are calm because nothing’s broken yet. That’s not the same as safe. #Markets #SupplyChains #Semiconductors #Oil #Geopolitics https://t.co/ENxhdTgdv5
Ares Management Secures 32.4% Stake in Rover Pipeline
Energy deal in sight: @ares_management acquires 32.4% stake in Rover natural gas pipeline from @blackstone Read more here: https://t.co/fhhzgS33Eh https://t.co/KVi45YmPMJ
UAE's OPEC Exit Driven by Saudi Rift
Good read on some of the political context, particularly its growing rift with Saudi Arabia, behind the UAE’s exit from OPEC https://t.co/yn0CJC4TLg
Aluminum Replaces Copper, BESS Powers Fast EV Charging
I visited Solar & Storage Live in London today. Two major takeaways: (1) We are starting to see substantial substitution from Cu->Al in med voltage cables; (2) There are some really interesting solutions coming to market. One that caught my...
OPEC Offers Free, Transparent Data Through Dedicated App
OPEC Secretary General, Haitham Al Ghais, emphasized that OPEC provides free data available to everyone in various means, including a special app. He highlighted that four key words define this publication: 🟥Transparency 🟥Comprehensiveness 🟥Objectivity 🟥Collaboration @OPECSecretariat...
World Bank Predicts 24% Energy Price Surge by 2026
Thanks to the US-Israeli war on Iran, the World Bank estimates that energy prices will SURGE by 24% in 2026. WARS = MASSIVE COLLATERAL DAMAGE. https://t.co/s4wF67lMDm
Goldman Sachs Hikes Oil Forecasts Amid Hormuz Shutdown
"Goldman Sachs Group Inc. lifted oil-price forecasts as the prolonged closure of the Strait of Hormuz spurs 'extreme' inventory draws." -BBG
Bill Protection Empty as Coal Costs Already Exceed Base
The government just guaranteed your electricity bill will be protected. Coal is already at RM21.28 per million BTU — above the RM19.14 base rate — and the harder test hasn’t started yet. The July maintenance window at Kerteh hasn’t arrived. The...
Trump's Hormuz Blockade Threatens Global Supply Chains
Trump. Extend Hormuz blockade. With no care of what it means. What will global supply chains do? And the global economy?
Brent $120+ Needed to Hit 2005 Energy Index High
This Year May Test a Top Force in Energy - Elasticity If Brent crude oil can stay above $120 a barrel, the Bloomberg Energy Spot Index may top 2005's high. Both outcomes appear unlikely absent something very bad happening in the...
Energy Surge May Trigger Deflation, Crude Prices Collapse
Energy Surge Can Be a Lose-Lose for Crude Prices Spiking diesel, gasoline and natural gas prices, particularly in Europe and Asia, are curbing demand, and it's a question of magnitude and duration. My top takeaway from the energy crisis is that...
Oil Rises Ahead of Powell’s Final Meeting, Middle East Tensions
Oil Prices Advance Ahead of What Will likely be Powell's Last FOMC Meeting (as Chair): There are two dominant issues today. First, the ceasefire in the Middle East continues, but the blockade of Iran is an act of war, and...
Oil Price Standoff: Unclear Who Will Yield First
So is the idea that once oil hits $130 or $140 someone will cave but we just don’t know who? This is like a pro sports standoff heading into a strike but more annoying.
Battery Costs Plummet, EV Flexibility Powers Future Grid
Octopus boss Greg Jackson says we are facing "unprecedented technology change" such as "astonishing" drop in cost of batteries Says flexibility from eg EV charging and V2G is "the system of the future" https://t.co/bPflfH86ig
Trump Misreads Iran Oil Surge Despite U.S. Blockade
COLUMN: Donald Trump's assertion that Iran's oil industry is about to “explode” shows a misunderstanding of the effect of the US naval blockade. @Opinion https://t.co/j9w99iyoZN
Oil Hits Record, Yields Firm Ahead of Hawkish FOMC
Two issues dominate today. Oil prices have risen. July Brent is at a new record and June WTI is approaching the March high. Bond yields are firmer. Second, is the FOMC meeting, where a hawkish hold is expected. Warsh...
Physical‑paper Oil Price Gap Narrows to Six‑week Low
Lots of ink was spilled in recent weeks on decoupling between physical and paper oil prices (lhs). But here we are: the gap (rhs) is the narrowest it's been in 6 weeks. This after all the talk this gap could...
Europe to Quintuple Battery Capacity by 2030, Still Trails US
European battery capacity is expected to grow 5x in 5 years to 2030, says Aurora's Richard Howard – but it will still be behind the US https://t.co/ECA3wrhf3U
Oil Markets Stalled; Inflation Rising, Consumers Feel It First
Talks are stuck, Hormuz is still constrained, and paper oil is catching up to physical reality. UAE policy shifts don’t matter mid-crisis. Inflation is rising—and consumers see it before policymakers do. #OilMarkets #Inflation #Hormuz https://t.co/210C3G49T1
OPEC's Market Share Halves, Drives OPEC+ Collaboration
OPEC members accounted for about one-third of global petroleum production in 2024 down from a peak of about one-half at the time of the first oil shock in 1973. The organisation’s declining market share explains the increasing importance it has...
Germany's Green Policies and Gas Ban Hurt Economy
Germany committed ECONOMIC SUICIDE when it embraced GREEN MANDESS and then topped it off by stopping the importation of cheap Russian gas. IT'S TIME FOR THE GREEN RUSSOPHOBES TO TAKE THE EXIT DOOR. https://t.co/8eBgeLr9CL
Oil Climbs Above $100 as US Pressures Iran
Oil prices are higher again as the US doubles down on Iran: With news that America's "blockade of the blockade" is now targeting Iranian ports longer-term, WTI oil has followed Brent in trading above $100 (CNBC table below). #economy #oil #markets
Celebrating 500 Subscribers to Bright Spots Substack
I just hit the first 500 subscribers to my new substack 'Bright Spots'. Bright Spots is about finding the places where the transition is actually working and asking why. Subscribe here for more: https://t.co/nBMZPS4HTp https://t.co/1NPsCqVu8g
More V4 Fast Chargers Needed on I‑5 Corridor
Love these high speed V4 chargers. Not enough of them on I-5 between Los Angeles and San Francisco https://t.co/JTgBsJaiFP
Hormuz Crisis Proves Clean Energy Urgency for Security
The disruption around the Strait of Hormuz shows us why the #energytransition can’t wait. Clean energy is not only the solution to volatility; it is also the most practical path to to deliver #climate, #energyaccess & national security across the world. https://t.co/6s1wqOACHg
Norway Powers Ahead: Two‑Thirds of Homes Use Heat Pumps
Norway is the heat pump king of the world. They achieved the highest penetration of heat pumps anywhere in the world with now 2/3 of all homes using heat pumps. More in my next Bright Spots substack newsletter. Sign up here...
Japan Secures First Oil Tanker Passage Through Hormuz
Japan is engaging with Iran for safe passage of its ships through Hormuz, says PM Takaichi 🇯🇵🤝🇮🇷 A laden oil supertanker linked to Japan (Idemitsu Maru) traveled through the strait yesterday. It's the first Japan oil carrier to leave the region...
TotalEnergies Hikes Dividend, Doubles Buybacks to $1.5B
BIG OIL 1Q EARNINGS: TotalEnergies boost quarterly buybacks again to the top of its guidance at $1.5 billion a quarter (up the lower bottom of ~$750 million more recently) and hikes dividend after a strong set of results in Jan-Mar...
China's LNG Imports Plunge to Eight‑year Low Amid Middle East Conflict
DEMAND DESTRUCTION: China's LNG imports are on track to hit an 8-year low 🇨🇳🚢 The Middle East conflict is choking supply of LNG to China. It is also boosting spot prices, discouraging Chinese firms to buy replacements China can instead turn to...
China’s Clean Shift Spares Saudi a Year’s Oil Output
China’s clean energy transition has already - alone - saved 1 entire year of oil production of Saudi Arabia, led by a domestic market where EVs captured 50% of new car sales in 2025 https://t.co/duBuQqX0vX
Shutdown Timeline Exaggerated; Iran's Production Halt Won’t Ensure Defeat
The storage story is real—but the “X days to shutdown” framing is overstated @AyeshaTariq It's a model built on assumptions Iran shutting in production will cause its defeat Stop being played by the propaganda machine #OilMarkets #Iran #Energy #Hormuz #Geopolitics
Ending Fossil Fuels Starts by Halting New Projects
"Stop making the problem bigger by banning new gas and coal projects. The most direct way to end fossil fuel production is to stop expanding it" Louise Morris is at Colombia's fossil phase-out conference, where real work is being done to...
High Fixed Network Fees Threaten Home Battery Market
Push for high fixed network charges could kill the market for home batteries – just when they are needed #energysky -- via Renew Economy: https://t.co/9Wre5oly0k https://t.co/tUn5SZGhuw
U.S. Remains
Wrong Oil at Home, Right Oil from Abroad The U.S. imported an average of 6.3 mmb/d in 2024 and 2025 And exported 4.0 mmb/d #energy #OOTT #oilandgas #WTI #CrudeOil #fintwit #OPEC #Commodities #commoditiesmarket https://t.co/HjHulwbyTC
Ming Yang Seeks New European Factory After UK Rejection
Ming Yang, a major Chinese maker of offshore wind turbines, aims to finalize a European site for a factory by June, after the UK rejected its plan to build a plant in Scotland https://t.co/QCuH0nVNf3
Solar Waste Turns Profit: Copper, Aluminium Sales Booming
Can’t recycle solar? This local business is making millions from copper, aluminium sales #energysky -- via Renew Economy: https://t.co/CiL9zAv5MG https://t.co/uVGknqyOar
US Imports 6.5 MMbpd, Contradicting “Plenty” Claim
Show data to support your unsupportable claim that the US has “plenty of medium sour” crude oil @straytwt No one cares about your opinion Never mind. I just did your work for you. Plenty? That must be why we import 6.5 mmm/d Because...
Analyzing Today’s Major Oil Market and OPEC+ Developments
Thanks @SullyCNBC and @KellyCNBC for having my literal and figurative fellow traveler @CroftHelima and me on @CNBC to unpack today’s big news in oil markets and opec+.