IEA chief: Electrification is the best way to go despite AI investment jitters
The International Energy Agency chief stated on Thursday that the'shift towards electrification' was firmly supported?by capital market despite ongoing challenges with?grid capacity and affordability. When asked about the risks of excessive investment in power infrastructure and concerns regarding artificial intelligence investments being slowed down due to fears of existential risk, IEA executive director Fatih Birol responded that electrification is "not a garden of roses" but said that the direction was clear. He…
US Natural Gas Futures Reach Four-Week High
U.S. natural gas futures rose to a near four-week high on Wednesday, supported by forecasts for hotter weather and firm oil prices, while investors awaited a federal storage report due this week. Front-month gas futures for September delivery on the New York Mercantile Exchange rose 9.6 cents, or 3.5%, to $2.87 per million British thermal units, their highest level since July 24. Oil prices steadied near a three-week high on uncertainty over shipping through the Strait of Hormuz and other ongoing supply disruptions in the market. "(Natgas) market is currently edging higher...
Total losses from the US-Iran War still trail 1979 Oil Shock
LONDON, 3 July - According to calculations based upon data from the International Energy Agency, OPEC, and the U.S. Department of Energy, the 1979 Iranian Revolution is the greatest 'oil crisis in terms of cumulative supply losses. The U.S. and Israeli war against Iran has prompted comparisons to the 1973 Arab oil 'embargo', the Iranian Revolution, and the Gulf War of 1991, while highlighting the evolution of global energy markets. The Iran War has disrupted the supply of crude oil, natural gases, refined fuels, and fertilisers simultaneously, unlike previous crises.
Shell anticipates a 65% increase in global LNG demand between 2050 and 2050
Shell's annual report said that the global demand for liquefied gas is expected to increase by 65% by 2050. This will be driven by Asia, as many countries are looking to lower-emission alternatives than coal, and data centres drive up power demand. In its 2026 LNG outlook, the world’s largest LNG trader said that global demand will likely reach 700 million metric tonnes a year. The report stated that the LNG trade, which was expected to reach 422 million tonnes in 2025, would increase in 2026. Since the Middle East conflict began…
US Natural Gas Prices Fall With Ample Supply Maintaining Pressure on Market
U.S. natural gas futures fell for a second straight session on Monday, as ample supplies kept pressure on the market despite forecasts for hotter weather in the coming weeks. On its first day as the front-month, gas futures for August delivery on the New York Mercantile Exchange fell 8.2 cents, or 2.5%, to $3.20 per million British thermal units. The contract is down 2.7% so far this month. "The market thinks the heat wave is going to be short-lived and that next week temperatures will cool back to normal. With production remaining strong…
The host of the Climate Summit, Turkey, proposes a 2035 global electric target
The president of this year’s global climate conference said that Turkey would'seek to gather support for a 'global target' for electricity, which is to'meet' 35% of the energy demand of the planet by 2035. This will aim to reduce fossil fuel consumption. As part of Turkey’s preparations for the COP31 U.N. Climate Conference in November, the aim is to move away from relying on fossil fuels like oil, coal, and gas to technologies such as electric industrial furnaces and electric cars, and heat?pumps. Electricity currently provides around 20% of global energy consumption.
Can Big Tech survive the energy squeeze with profits that are 'AI-or-die'? McGeever
Last week, Kristalina Georgeeva, Managing Director of the International Monetary Fund, spoke to a panel during the IMF/World Bank Spring Meetings in Washington about the challenges facing businesses, industries and economies across the globe, given the 'transformative power' of artificial intelligence. Her remarks also apply to the stock exchange. U.S. Big Tech experienced a significant wobble in its first quarter, and subsequently repricing. However, it has roared to life in the past three weeks, with the market's confidence in AI productivity rising higher than ever. Investors will get a better sense this week if this optimism is warranted.
Oil and gas exploration is back. Energy giants are hunting to replenish reserves
Executives at the CERAWeek Conference in Houston, Texas, this week declared that global energy companies have returned to the basics, focusing their efforts on finding?new oil and gas sources. This marks the end of years of underinvestment. The'shale revolution' in the U.S. in recent years promised a flexible, abundant supply. However, growth in renewable energy sources like wind and sun raised doubts over long-term demand for oil. Oil and gas drillers have chosen to 'flood profits into dividends and stock buybacks rather than exploration. Production?in the Permian Basin of the U.S. will plateau as energy demand continues to grow.
Investors predict that the war in Iran will increase Chinese demand for renewable energy
Investors rush into Chinese renewable stocks betting that the oil shock caused by the Iran War will increase?global green energy demand, a sector China dominates. This 'portfolio' trend in Asia is a result of growing concerns about energy security in Asia and a growing distrust for Washington. It contrasts with the United States, which has shifted back to oil and gas. Aaron Costello, Cambridge Associates' head of Asia, said at a conference in Hong Kong that countries should now focus on energy security. They need to build their renewables and energy grids further, perhaps more nuclear power. And they should focus more on defense. The U.S.
Report: US solar installations will drop by 2025 as a result of Trump's policies.
A study released on Tuesday showed that the U.S. market for solar energy added fewer installations in 2025 than the previous year. This is due to the fact that President Donald 'Trump' scrapped tax breaks and subsidies for renewable energy developers. According to a report by Wood Mackenzie and the Solar Energy Industries Association, 43 gigawatts of new solar capacity was installed in 2018. This compares to 50 GW in 2020. Report: The One Big Beautiful Bill Act of the Obama administration has caused a disruption in the solar industry, with utility-scale installations falling 16%, and community solar dropping 25% by 2025.
Qatar Energy CEO: By 2030, the LNG glut may be reduced to a gap due to AI power requirements.
Qatar Energy CEO Saad Al-Kaabi said on Monday that the expected global glut of liquefied gas could become a shortage in 2030 due to rising demand for gas and fuels, particularly in Asia. The LNG supply expected between 2026-2029, including projects such as Golden Pass LNG in the U.S. Gulf Coast region and Qatar's North Field Expansion are likely to be significant. Kaabi added that the demand expectation has increased "primarily due to...AI and data center needs". He told LNG2026 that if all of this pans out there will be a deficit, not an oversupply, by 2030.
Electricity Needs for AI, Data Centers May Turn LNG Glut into Gap by 2030
Growing electricity demand from AI and data centres, together with rising fuel use in Asia and European gas needs could turn an expected global liquefied natural gas supply glut into a shortage by 2030, Qatar Energy CEO Saad al-Kaabi said on Monday.LNG coming online between 2026 and 2029 has raised concerns of a supply glut that could depress prices, with projects like Golden Pass LNG on the U.S. Gulf Coast and Qatar's North Field Expansion expected to contribute sizeable volumes."We always thought the market would have some kind of oversupply between 2025-2030 (and) beyond 2030 you will have a shortage…
India's BPCL seeks renewable energy investments abroad
Bharat Petrol Corp. (BPCL), a state-run refiner in India, is scouting for global opportunities. These include strategic investments, acquisitions, and?solar wind and hydropower. The refiner will continue to expand refineries and pursue renewable energy, but stresses that conventional fuels are still essential for meeting India's rapidly growing energy demand. You have to keep up with the growth. "It is not green or conventional, you must go together," Subhankar Sen (BPCL director of marketing) told? On the?sidelines the India Energy Week Conference. India is the third largest emitter of greenhouse gasses in the world.
PJM, the largest US power grid, issues alerts when storms increase energy demand
The largest U.S. grid PJM announced on Tuesday that it had issued additional alerts to transmission & generation firms, as a'monster winter -storm' looked to be bringing unprecedented energy demand. The operator, who serves 13 states and District of Columbia, sent out Maximum Generation and Load?alerts to companies, asking them to determine if maintenance or testing could be postponed or cancelled to keep the units online during this critical period. These alerts let other systems 'know' that PJM could'reduce its electricity exports. The storm?dumped one foot of snow between New Mexico and New England.
Canada wants to increase energy trade with India says energy minister
Canada's Energy Minister Tim Hodgson stated on Tuesday that the country is considering boosting its energy?exports in India to diversify its client base and reduce its dependence?on??supply from the United States. Hodgson said at the Indian Energy Week that exporting 98% to the United States is a "strategic? blunder" and saw an opportunity for India to work with him. India will have the fastest growing energy demand in the world, according to Hodgson, who added that Canada could provide crude oil, natural gas liquefied and uranium. Kpler data shows that Canada does not currently export crude oil or LNG to India.
German prompt prices will rise on Monday due to a weaker renewable supply
On Monday, German power prices will rise due to a decrease in renewable electricity production in the country. This is expected to offset a slight increase in demand. LSEG data revealed that the trading of German and 'French baseload day-ahead contracts for Monday hadn't started by 0901 GMT. Marcus Eriksson, LSEG analyst, says that residual load in Germany - which is the amount of energy demand that is left after renewables are subtracted – is expected to increase by 20 gigawatts on Monday to 35.7?GW. This is due to a lower renewable supply compared with?Friday.
US Natural Gas Futures Fall Ahead of Warmer Weather, Slow Demand
U.S. natural gas futures began the year on a weak note on Friday, weighed down by forecasts for warmer weather and expectations of slower demand growth.Front-month gas futures for February delivery on the New York Mercantile Exchange were 9.6 cents, or 2.6%, lower at $3.59 per million British thermal units. The contract posted a 1.5% gain in 2025, after rising over 44% in 2024. "There were concerns that the La Nina was breaking down a little bit, leading to warmer temperatures. There's also some concern internationally of LNG supplies supposedly building faster than anticipated…
US Natural Gas Falls Over 5% Ahead of Above Normal Temperatures
U.S. natural gas futures fell over 5% on Tuesday, pressured by forecasts of above normal temperatures next week, though the market was set for a second consecutive yearly gain led by record gas flows to liquefied natural gas export plants. Front-month gas futures for February delivery on the New York Mercantile Exchange traded 20.3 cents lower, or 5.1%, to $3.77 per million British thermal units. The contract was up over 4% so far this year. "The weather factor continues to dominate near-term price direction and with latest updates to the 1–2-week forecasts…
US solar companies ask Congress to act on Trump's solar permit freezing
In a letter sent to Congress leaders on Thursday, dozens of U.S. Solar companies called for federal lawmakers to reverse a Trump Administration policy that had stalled permits. The letter highlights the growing concerns of project developers about President Donald Trump's Interior Department increasing its scrutiny of solar permits at a time when energy demand is on the rise. CONTEXT In a memo from Doug Burgum, Interior Secretary in July, Burgum requested his signature on dozens of types of solar permits. This included projects on federal land as well as those on private land that involved federal resources or consultation.
VEGOILS-Palm oil tracks rival soyoil lower
Malaysian palm futures declined on Monday due to the weakness of rival Dalian and Chicago soybean oil prices, which was a result of concerns over China's slow purchase of U.S. soya beans. By midday, the benchmark palm oil contract on Bursa Derivatives Exchange for February delivery fell by 57 ringgit or 1.37% to 4,095 Ringgit ($996.84). The Farm Trade in Kuala Lumpur, a consulting and trading firm, said that the uncertainty over China's bean purchases keeps pressure on the soy complex. With current loading, it is unlikely China will reach their initial purchase targets as per the agreement with the U.S. by December.