CEO Warns Market Underestimates Oil’s Future Price
As we mostly focus on the front month futures contract and we await the finality to the war and a full reopening of the Strait, I will mention the December contract which stands at about $76.50 as of this writing, about $2 off the mid March high. I do because of what the CEO of Diamondback Energy said yesterday. “I don’t think the numbers we’re seeing on the screen and what the market’s telling us is the reality of where this is headed. Our board is kind of seeing this as a bigger problem maybe than the market’s saying, and the back end of the curve might be kind of lying to us a little bit.”
Oil Bullish Sentiment Reverses, ETF Still Holds
$USO Daily. Sentiment has flipped so quickly that it seems contrarian to be an oil bull now. But no technical damage suffered yet on ETF. If anything, light bullish consolidation, apex of triangle https://t.co/aCO9j9bbAe
Oil Firms Coined “Social License” And Decarbonization Hype
Let's pretend we don't know who brought the term "social license" into the conversation aboid Canadian oil and gas, and who ran ads on every major platform promising decarbonization of production. Neither came from politicians. Both came from consortia of...
UK to Scrap Carbon Price Support, Lowering Electricity Costs
NEW: The UK govt is scrapping its top-up carbon tax, the "carbon price support" from 2028 Brought in by Osborne to help get rid of coal Now it brings in Treasury revenue (£400m in 2024/25) + raises elec bills, but doesn't help...
China Sets Record Coal Output, Exceeds U.S. Annual Use
China's coal production reached in March its highest ever monthly level, according to official data. Beijing said it digged 440.62 million metric tons last month, up a tiny bit from the old peak of 440.58m a year ago. (For context, that's more...
Wylfa's Existing Magnox Infrastructure Accelerates Project
This is great news as the Wylfa site already exists as an old Magnox reactor so the infrastructure is mostly in place
Red Sea Ports Can't Match 7 M Bpd Pipeline Capacity
just because East-West pipelines can carry ~7 million bpd doesn't mean Red Sea ports can handle that volume of exports
100 M L Diesel Sounds Massive—Actually Just One Day
Australia is getting 100 million liters of diesel from Brunei & Korea Sounds like a lot It's only 628,000 barrels That's about 1 day of supply
Europe Turns to Canadian LNG Amid Iran Conflict
Europe Eyes Canada LNG as Iran War Rewires Energy Routes. If & when, Hormuz reopens, how much business will Canada retain. Supplier diversification and supply chain risk mitigation. A lesson leaned? https://t.co/WXCrXRH8SW
Insurers Blame War for Nord Stream Blasts to Dodge Payouts
The strange case of Nord Stream > Nord Stream blasts due to war, say insurers seeking to avoid pay out https://t.co/UUFSILeW34
Open Hormuz Now to Stabilize Global Oil Markets
I'm so, so ready for this war to be over, for shipping traffic through the Strait to resume, and to spend the next month or two tracking the nitty gritty of how the short-term shock rippled through the global oil...
UK Drops Carbon Tax on Gas to Cut Bills
The UK will eliminate a carbon tax on gas generators and industry as the government tries to slash energy bills while also decarbonizing the power grid https://t.co/zyUAcTQXdm
PM Boasts 628 Kbbl Diesel—Just One Day’s Supply
Everything is fine. That's why the Prime Minister of Australia just made a national address proudly announcing that the Australian government just secured 628 kbbl of diesel—just more than one day of Australian diesel demand.
BPRL Controls Majority of IBV, Securing 40% BM‑SEAL‑11
The Joint Venture: BPRL holds a 65.40% stake in IBV Brasil Petróleo Ltda, which in turn owns a 40% interest in the BM-SEAL-11 concession.
Trump Administration Offered Waivers to Dozens of US Plants
The move comes after the Trump administration offered waivers to dozens of plants across the US. https://t.co/npg1H5CxRq
Cheaper U.S. Natural Gas Cuts Manufacturing Costs, Boosts Competitiveness
38% of manufacturing costs come from energy and in America that energy is natural gas. Natgas continues to get cheaper, boosting American industrial competitiveness https://t.co/G3XH3E1afH
Paper Brent Futures Risk Complacency, Investment, and Mispriced Consumer Costs
Counterpoint: this is not smart because: 1 - Creates complacency and defers inevitable and necessary demand reduction 2 - Deters US shale producers from investing now to boost production 3- Consumers don't pay paper Brent futures price - they pay physical crude/product price
Iran's Job and Inflation Data Drive Oil Analysis
The key known unknown (to me) to analyse oil is the true state of the Iranian economy: jobs and inflation. I hear lots of tales, but I have little confidence on any. Reporting from inside Iran is extremely difficult. Economic damage...
China
China is among the war’s winners (alongside Russia, Iran and Texas oil and gas exporters).
Midday Fast Charging Leverages Low Solar Prices, Reducing Cost Exposure
Fastned: "Fast charging peaks at midday, exactly when solar generation pushes electricity prices to their lowest. ⚡️throughput naturally avoids the costly morning & evening peaks, creating a structural hedge: more MWh delivered doesn't mean proportionally higher cost exposure." https://t.co/HO96yJFNhp
Price Caps Risk Shortages; Pay‑more Ensures Fuel Access
Forget the oil & gas profits debate, I’d like to be reliably able to fill up my family vehicle and price caps at the pump are a slam dunk recipe for shortages Fuel is a global commodity, and those willing to...
War‑torn Iran Forced Into Negotiations over Collapsing Economy
"Iran’s War-Shattered Economy Means It Has an Urgent Reason to Negotiate," @WSJ You mean the experts commenting on the unbreakable will of the Islamic regime could be wrong? https://t.co/ednHa2MMNq Damage done by U.S. and Israeli attacks will take years to repair...
US‑Iran Talks Lift Latin American Commodity Exporters
Now that Iran and the US are negotiating, fear that war may escalate out of control is leaving markets. That's lifting EM oil and commodity exporters, especially across LatAm. Good news for Colombia, Argentina and Brazil. A replay of 2022...
Hormuz Strait: Open Yet Dysfunctional
One of the best headlines I have seen so far: 🪔Hormuz: Not Closed — But Not Working from @MaritimeAn
Blockade Targets Iran's Oil Lifeline, Forces Negotiation
Great piece by @PatcohenNYT in today’s @nytimes on what the blockade means for Iran’s economy. Oil exports are the life blood of Iran’s economy, so choking those off is a good inducement for the mullahs to negotiate in earnest and...
Regulatory Uncertainty Forces EDP to Pause US Wind Projects
EDP has paused three US wind projects due to limited policy visibility under the Trump administration, underscoring how regulatory uncertainty is weighing on renewable energy investment decisions https://t.co/1ASvMpOcjN
Underpriced Inflation Risk: 2021 Gas Surge From Refill Delay
Still think this is an underpriced inflation risk, not due to the ME situation per se, though it doesn't help. In 2021, gas prices rose strongly too in the latter part of the year on the eve of the...
Sun‑Tracking Solar Panels Boost Yield, Yet Add Cost
Solar panels that automatically track the sun sound like a clear upgrade. More exposure. Higher efficiency. Better output throughout the day. And in many cases, that’s true. Tracking systems can significantly increase energy yield compared to fixed installations, especially in regions with strong, consistent sunlight. But...
Crude Rally May Echo 2022 US Gas Decline
Crude Surge Could Track Falling US Gas Akin to 2022 Big green quarterly candles in Brent crude oil to roughly $120 a barrel have marked peaks and shifts to enduring red reversion since 2008. Has this pattern changed? Full report on the...
Energy Leads YTD Gains; Health and Staples Lag
the strongest YTD sector is energy $XLE +24.7% and it sits right beside health $XLV & staples $XLP as being below the 50-day average...
AI Robot Accelerates Solar Panel Installation Safely
#AI-Powered #Robot Revolutionizes Solar Panel Installation with Speed, Precision, and Safety via @ZappyZappy7 #AI #Robotics #EmergingTech #Innovation #Technology https://t.co/d9jZS1jtju
India's LNG Importers Snap up Spot Shipments Despite High Prices
India’s LNG importers have accelerated purchases from the spot market, taking advantage of a recent dip in prices 🇮🇳💰 Several shipments were purchased for April-May delivery around $15/mmbtu (that's still 50% higher than pre-war prices) https://t.co/IuRfMTrXqs
Keynote at Power Summit 2026 After Finnish President
One of my top speaking gigs this year: the scene-setting keynote at #PowerSummit2026 in Helsinki, 3-4 June — directly after President of Finland, Alexander Stubb opens the conference with 700 industry leaders. Programme is live, registrations open 👇 https://t.co/om48hsUNwv https://t.co/0hyj9VF6UL
Coal Demand Chart Misleads by Excluding China
I do love when green campaigners produce a chart about coal demand trends with a tiny little footnote: (excludes China)
Gas Industry Must Rethink Future Amid Ongoing Conflict
Global gas industry needs to regroup and rethink its future, in and after the war https://t.co/3cUNzmxgxw @NationalComment @TheNationalNews
Energy Prices Far Below 2022 Peaks, Economy Remains Stable
On a serious note, this utter nonsense from Luke doesn’t pass the simplest of reality tests. If you look at weighted prices across oil, gas, electricity, etc. in the West, we remain miles below peak 2022 prices - and those prices...
China’s Renewable Growth Dwarfs World, Contradicting Trump’s Claim
At the World Economic Forum, Trump claimed China makes renewable equipment but doesn’t use it. Reality: Over the past few years, China’s growth in wind and solar usage has exceeded the rest of the world COMBINED. TRUMP'S RHETORIC RARELY MATCHES REALITY. https://t.co/SGRBqnFkj6
Australia’s Rooftop Solar Powers 40% Homes, Still Below Demand
Australia rooftop solar PV (so far) >4.3M systems (>40% dwellings), cap >28.6GW (Total Aus solar >45GW) ~455,000 home batteries, cap >5GWh EVs >350,000 EV fleet batteries >21GWh Avg daily home use ~20kWh/day All res use >220GWh/day Roof PV gen >90GWh/day https://t.co/5i2gWa9m2A https://t.co/4NlIp7pjyL
No Shortcuts: Europe Must Electrify, Expand Renewables, Storage
EU Climate Commissioner Wopke Hoekstra is being refreshingly blunt: there is “no workaround” for Europe’s energy price crisis. Hoekstra’s message? The only way out is through: more electrification, more solar, more wind, more storage, more grid interconnection. https://t.co/oTWydw6WTj
China Sets Record March Coal Power Output Amid Geopolitical Tensions
China posted a 4.4% y-on-y increase in coal-fired electricity generation in March (thermal generation). The data point is the highest ever seasonal (for a March month) coal-fired power generation. China can -- and it is -- doing an enormous flex in...
Iran Conflict Undermines Gulf Oil Leaders' Stability
The Iran war complicates life for the custodians of the Gulf’s oil fortunes @TheEconomist https://t.co/VapxyZ5JLr
UK Grants £600 Million Energy Bill Relief to Firms
UK says firms to get £600 million of relief on energy bills https://t.co/nDUfTGzo9Y via @Jess_Shankleman https://t.co/nPRh2oXjp1
DIY Solar, EV, Battery
Sustainability guru Prof @PeterNewmanCUSP @CurtinUni on ABC Life Matters speaks about do-it-yourself, solar-led, EV-charged, home-battery powered, money-saving opportunities We need more It needs to be faster https://t.co/zz2A7TnPm3 No one will be elected saying no net zero
County Jail Cuts $12M Energy Costs with Solar‑Tesla Combo
California county jail to save $12 million in energy costs with solar carport and Tesla battery #energysky -- via Solar Power World: https://t.co/M38Jdt4bQq
Japan Harvests Foot Traffic Energy via Piezoelectric Stations
Japan Turns Footsteps Into Power with Piezoelectric Floors in Shibuya & Tokyo Stations by @_fluxfeeds #Sustainability #RenewableEnergy #CleanEnergy #Technology #Innovation #EmergingTech #TechForGood https://t.co/inl2P4vOU3
Speculative
When you know if it were 2021 this entire internet would be calling for $600 dollar oil, jumping over each other to share Zoltan Pozsar latest note, and warning of a 'molecule crisis' every hour but you just can't...
Iberdrola Hits 400 MW Italy Capacity with Lazio Acquisition
Iberdrola reaches 400MW in Italy with acquisition of Lazio solar plant #energysky -- via pv-tech: https://t.co/VAieQ86UrX
Brent’s Return to $88 Sparks False Relief
Thank God that Brent is back to $88 @zoomer_tate I guess there was nothing to worry about. Who needs oil, natural gas, fertilizer, helium and trade as long as oil prices are only $88 today? https://t.co/SNsm9nQ0gG
U.S. Sees First Vertical Rooftop Solar Panels
Vertical rooftop PV debuts in the U.S. #energysky -- via pv magazine global: https://t.co/myWwct9wK7 https://t.co/yrGGyMsvwi
US Crude Inventories Drop, First Since Iran Conflict
Today, the EIA released data on crude oil inventories held by US firms. Since the first time since the US-Israeli war on Iran began, inventories have declined. STAY LONG OIL. https://t.co/sc7GCwRvTK