Fuel Price Shocks Accelerate Europe's Shift to EVs
Every fossil fuel shock drives Europeans toward EVs. Ukraine 2022. Iran 2026. Same pattern. When prices hurt, people look for the exit. https://t.co/VRFYzjBHSG https://t.co/78BnIebvjZ
California Bypasses Jones Act with U.S.-made Gasoline
"California has new way of getting gasoline due to Jones Act waiver" (And the fuel is American-made.) https://t.co/HnQQWljVtX "Nationally, 44 voyages by foreign-flagged vessels have carried petroleum products between U.S. ports" 😲 https://t.co/noAURnRzqq
Petroleum Rail Shipments Jump 15.5% Amid Rising Prices
Petroleum rail shipments surge 15.5% YoY. We expect this to accelerate as oil prices stay elevated and new oil production comes online. https://t.co/ybdZfwN2NM
Uniting ECA and SEforALL to Boost Africa's Sustainable Energy
I had a great discussion with my colleague @claverGatete. We discussed how to align @ECA_OFFICIAL and @SEforALLorg efforts to accelerate sustainable energy and socioeconomic development across #Africa. https://t.co/izerSLJDnI
German Environment Minister Discusses War‑Driven Energy Shifts
Very good exchange with German Environment Minister Carsten Schneider @schneidercar in Berlin We discussed a wide range of issues, including the energy implications of the war in the Middle East and the prospects for different fuels & technologies https://t.co/wOzs6bLX0R
Saudi Oil Export Revenue up $100 M YoY in February
Press the translate button.... but remember: 1- cost of diversion is high 2- they have massive losses in NGLs, petrochemicals,and other sectors
Local Communities Resist Battery Plants Over Fire Risks
The battery backlash is here as locals worry about fire risks and industrialization, and the fight is just beginning https://t.co/8pFL2WDHGX
IEA Aids Market Stability Amid Global Energy Disruptions
Valuable discussion with Germany's Minister of Economic Affairs & Energy Katherina Reiche on the disruptions in international energy markets We spoke about the @IEA's efforts to support market stability – and the availability of refined oil products in Europe & internationally...
Russia's Fuel Oil Exports to Saudi Arabia Surge 18%
MOSCOW, April 23 (Reuters) - Russia's seaborne exports of fuel oil and vacuum gasoil (VGO) to Saudi Arabia jumped 18% in March from February to 1 million metric tons as soaring oil prices driven by the Iran war reshaped flows,...
German Chancellor and IEA Discuss War‑driven Energy Risks
Productive bilateral meeting with Chancellor Friedrich Merz of Germany @bundeskanzler in Berlin We discussed the impacts of the Middle East war on energy markets & economies; @IEA's response to counter supply disruptions; & how to boost industrial competitiveness in this context...
Cutting Demand, Not Just Supply, Solves Energy Crisis
Was on @France24_en last night discussing the energy crisis and the scramble for alternatives to Gulf oil. My take: supply substitution alone won't cut it. The only durable answer is fossil fuel demand reduction. https://t.co/JO1XUPfYB2
Europe Energy Week Highlights Critical Resilience Shift
Europe’s energy and industrial systems are entering a critical phase. #EuropeEnergyWeek has just been announced, bringing energy and industry together as resilience and long-term competitiveness become essential. Info: https://t.co/KUhjRUvbdc #HannoverMesse @EEWeek partner. https://t.co/CnR3uAQGpr
UK Launches £1.1bn Fund for Asia Energy Transition
The UK’s development finance institution creates a £1.1 billion fund to back energy transition sectors in India and Southeast Asia https://t.co/1JpgOa9ZGQ
Unused $2 Bn Bataan Nuclear Plant Still Haunts Philippines
Pictures of Bataan Nuclear Plant in the Philippines. Spent USD2bn and never turned it on. Yes, never. They are still paying the foreign debt on this now. This plant doesn't look too different from the one I visited in Shenzhen...
EU Electricity Decarbonizes; Transport, Buildings Still Fossil‑heavy
EU electricity: 29% fossil fuels in 2024, down from 53% in 2005. Progress. But transport 92% fossil. Buildings: 71%. Industry: 61%. 95% of EU oil & 88% of gas imported. Switching suppliers doesn't fix this. Electrification and efficiency do. More here: https://t.co/E9K3RV8NMT https://t.co/yEWP6Cu3Gp
War's Oil Loss: 1 Bn Barrels Gone Forever
The damage is already locked in, says Vitol CEO Russell Hardy Even if the war ended today, roughly 1bn barrels are gone Flows can restart, but lost production can’t be recovered. The idea that things snap back is energy-blind fantasy
Iran's Oil Still Flowing Despite Blockade, Analysts Misread
Can Iran Keep Pumping? The Blockade’s Impact on Oil Production, Exports, and Storage Analysts missed many facts about Iran's ability to generate revenues (with 4 charts) https://t.co/OARSMvZ93z https://t.co/99em4f6lOY
Gulf Medium Sour Oil Shifts From Discount to Premium
A new oil benchmark: Gulf medium sour. It’s gone from discount to premium. And it’s important. @vaneck_us https://t.co/Q5BQSDvJYQ
Oil Lobby Pressures EU to Water Down Arctic Drilling Opposition
EUROPEAN UNION lobbied by oil and gas producers to dilute opposition to Arctic drilling: https://t.co/qk47QfscKc
Only One Ship Exited Hormuz—Unsustainable Trend
Number of ships that left Strait of Hormuz today: ONE. Singular. This is not sustainable. https://t.co/AMsiEvpfVy
Inspiring Students Toward 100% Renewable Energy Future
Delighted to speak to the 800 students at the Harker School high school on Earth Day about moving the world to 100% renewable energy. Thanks to Diana Moss for the invite. @harkerschool
US‑Iran Conflict Triggers LPG Shortage Across India
INDIA’s homes and restaurants hit by LPG shortage as a result of U.S.-Iran war: https://t.co/dzqx7u7PLP
Canada Seizes Crisis to Diversify Asian Crude Supply
Canada is working hard to sell oil in Asia because every crisis is an opportunity. Asian refineries will likely emerge from this crisis to deploy capex to refine multiple types of crude & not just the Middle East variety.
Iran War Fuels Surge in Clean‑energy Demand, Boosts Gotion
Gotion a major Chinese battery manufacturer, is seeing a renewed global focus on the green transition as fossil fuel disruptions due to the Iran war drive demand for clean-energy technology https://t.co/e9OQrxcQ4z
Inside VC Investing in Nuclear Fusion Breakthroughs
On this week's episode of @EquityPod, @TimDe_Chant and I chatted with Rachel Slaybaugh, general partner at DCVC, about what it's like investing in nuclear fusion. https://t.co/cXRBBkejPY via @techcrunch
EU Finally Admits Oil and Gas Still Essential
The EU finally realizing it’s going to need oil & gas for long enough to justify frontier exploration.
Remembering Deepwater Horizon: 16 Years of Environmental Disaster
Deepwater Horizon oil spill started 16 years ago this week. Shit was crazy. Went on for months
Presidents' Oil Price Moves During Hormuz Crisis
A brief history of presidential oil price jawbones through the Hormuz crisis. Feel free to add your favourites below. https://t.co/iF0JvVgn0v
78% Tax Rate Means State Bears Most Carbon Tax
"With a marginal tax rate of 78%, the state effectively shares a large portion of the carbon tax cost (because carbon taxes are deductible as operating costs)." Yes, but let's imagine why he would say if Canada raised its marginal...
Ship Seizures Signal Iran’s Growing Control of Hormuz
Ship Seizures Mark New Phase in Iran’s De Facto Control of Hormuz. With extended ceasefire. The situation looks shaky. https://t.co/pThf20VEbW
Mapping Hormuz Bypass Easy, Execution Far More Challenging
Bypassing Hormuz: “You can draw beautiful lines on the map. To try to make it happen in reality is something else.” @QamarEnergy @ColumbiaUEnergy @rfelliott https://t.co/JKNGbORqzA
WTI Climbs 11% as US‑UK Spread Flips Dramatically
US oil (WTI) is up 11% on the week again as we move back above 93. Meanwhile, the US-UK (WTI-Brent) spread has swung back from the unusual positive extreme (+2.50, highest since Nov 2008) back to negative extreme (-8.75). Basis...
New Methods Could Ship Alberta Bitumen Without Pipelines
How Alberta Bitumen Could Bypass Pipelines Entirely Economist Richard Masson explains new approaches to shipping bitumen to market. #ableg #abpoli #oilsands https://youtu.be/Hr6wDz-_hXo
Solar Dominates Day, Batteries Own Night, India Accelerates Clean Energy
Today on Volts: the think tank @emberenergyresearch is out with its yearly Global Electricity Review. I talk with two of the co-authors about the big stories this year: Solar has won the day; batteries are winning the night. Fossil power...
Live: Jennifer Granholm Discusses Energy Policy & IRA
Hot on the heels of last week's episode with Fatih Birol, going live at the top of the hour this week's episode is with Jennifer Granholm. Two-time governor of Michigan, Secretary of Energy under President Biden, author of the Inflation...
US Boarding Threatens Iran-China Oil Shadow Fleet
Secretive Shipments of Iranian Oil to China Are Under Threat by U.S.—Boarding of tanker raises risk for sanctions-evading ‘shadow fleet’ @austinramzy @RebeccaYFeng https://t.co/5rcMcxUf3Y https://t.co/5rcMcxUf3Y
Transforming AI’s Energy Demand Into a Grid Asset
AI needs energy. A lot of it. But the more interesting question is what happens next. In this Earth Day episode of TEQ, Carolina Milanesi sits down with Christopher Wellise (@cwellise), VP of Sustainability at @Equinix, to unpack whether the infrastructure...
Oil CEOs Reject Drill Push, Sell Their Shares
Chris Wright and Doug Burgum got on a call with 200 top oil and gas executives and begged them to drill more. They all said no. High prices won't last. Not a good investment. Instead oil executives are selling their own stock....
Hormuz Closure Cripples India's Energy, Fuels Worker Protests
The closure of the Strait of Hormuz has choked energy supplies to India, upending the dreams of assembly-line workers and sparking large labor protests. https://t.co/qA5MhKmLRP via @WSJ
UN: Renewables Boom Demands Massive Critical Mineral Mining
On Earth Day, UN Secretary-General calls for unleashing "the renewables revolution" - a push that inevitably will require far more mining/processing of critical minerals
US Petroleum Stocks Dip Modestly as Gasoline Falls, Crude Rises
US commercial petroleum inventories declined by only 1.8 MMbbl last week, driven by ongoing declines in gasoline (-4.6) and gasoline (-3.4) but offset by a 1.9 MMbbl build in crude together with inflows of NGLs. https://t.co/A15Ypw5oq9
Chinese Battery Makers Lean on Gas Amid Lithium Crunch
Volt Insight briefing: Chinese battery companies' reliance on natural gas, CATL's mining push, and the lithium squeeze. Read more and sign up to my newsletter here: https://t.co/IUiScW74cK https://t.co/qZWMUx3kbM
Equities Ignore Oil Rise; Watch Key VWAP Levels
Equities markets don't seem to care that oil $CL_F is back above the 🔵anchor from the beginning of the war, not yet at least. Keep an eye on the 🟠⚓️VWAP from the ceasefire announcement and the 🔴VWAP from the YTD high...
Diesel Inventories Plummet, Prices Set to Hit Records
Watch diesel inventories. As I mentioned in various reports, I expect record-low diesel inventories with record prices.
Brent Futures Gap Collapsed, Market Silence Prevails
The thing about markets is that stuff only gets talked about when it's apocalyptic. The gap between Dated Brent and futures has collapsed, so no one talks about it anymore. Sign up as a paying subscriber for my daily posts...
Lithium Deficit Persists Until 2035, Requires Massive Investment
Canaccord expects lithium markets to slip into deficit this year and remain there until at least 2035, calls for "significant investment in new supply" https://t.co/folUunEI4w
Rising Fuel Prices Boost Solar, EV, Heat Pump Demand
🎙️ Just on @AlJazeera on war & clean energy. Double-edged sword — but I'm optimistic long-term. High fuel prices make clean energy more economic than just weeks ago. Demand for solar, EVs and heat pumps is surging. https://t.co/3WP8kG7awM
Traders Bet $430M on Oil Drop Pre‑Trump Ceasefire
Traders placed bets worth $430 million on a drop in crude prices just 15 minutes before President Trump said he would extend a ceasefire with Iran, which sent the market lower @a_coops1 https://t.co/v167motouv
Missing Price Discovery Signals Looming Energy Market Crisis
“The lack of price discovery that we are seeing is so worrying to me, because in reality we are storing up a bigger problem for the future,” said Amrita Sen, founder and director of market intelligence at Energy Aspects. https://t.co/faWrJzysrl
Discussing Oil's Future and Hormuz Tensions with BBG
Joining the @BBGIntelligence energy team this morning for a chat about oil and the Hormuz of it all https://t.co/dKW2nLoYqd