Hello? Calling About a Glut.
IEA chief Fatih Birol told markets there is ample oil, emphasizing that the current challenge is logistical rather than a supply glut. The comment came as a tanker blockage in the Persian Gulf sparked fears of excess inventories. Birol also confirmed no plans to release strategic reserves, calming panic. Analysts now see the narrative shifting from a perceived glut to a potential shortage, especially in Asia.
Good News, Bad News, Stupid News
Barclays released a research paper flagging the risk of stranded transition assets, suggesting that wind and solar projects could lose value despite soaring oil and gas prices. The paper arrives amid heightened geopolitical tension in the Middle East, which has...
A Cartload of Fertiliser
European carbon prices have slumped from over €92 to about €72 per tonne, eroding the financial incentive for low‑carbon fertilizer production. The author highlights a stark price contrast by purchasing five kilograms of Russian NPK fertilizer for €6.60, underscoring how...
UK Cuts Electricity Bills by Raising Taxes
Britain’s energy regulator announced that electricity bills will hit their lowest level in almost two years starting in April. The decline stems from a policy shift that moves a portion of renewable‑energy support costs from consumer bills onto general taxation....
Germany Puts Wind, Solar on the Hook for Grid Connections
The episode examines a draft German law that would require wind and solar developers to cover the costs of connecting their projects to the electricity grid, a move prompted by a surge of connection requests, especially from large‑scale battery storage...