72 stories from 9 sources
The week in Global Energy & Infrastructure
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Forecasts shifted from disruption-driven tightness toward oversupply as flows normalized, OPEC+ added barrels, Iranian supply returned, and buyers struggled to absorb crude. Chinese refiners bought cheaper Middle Eastern oil, but that demand did not stop prices from falling.
Crude transit through Hormuz recovered as US-Iran talks began, UAE exports neared prewar levels, and protected corridors reopened. Iran retained influence over the chokepoint, while Qatar-linked LNG flows remained constrained despite improving oil traffic.
Russia exported more crude even as falling prices cut oil revenue, while Ukrainian strikes increasingly disrupted terminals, refining, and fuel distribution. Moscow responded by redirecting gasoline toward domestic consumers and raising refinery support as shortages spread.
Asian buyers moved from managing immediate Gulf disruption to building longer-term protection through emergency LNG purchases, larger reserves, wider supplier networks, and fuel diversification. The response could reshape regional oil and gas trade even as Hormuz traffic improves.
Data-center demand and a record heatwave pushed US electricity systems toward tighter reliability margins. PJM’s approval to curtail large loads showed that generation and transmission expansion is not keeping pace with inflexible AI-driven demand.
The surrender of an offshore wind lease freed capital for potential nuclear, gas, and grid investments. Reactor expansion, coal retention, and rising gas expectations showed growing pressure to prioritize firm generation as power demand increases.
Day’s Recap