Semafor Energy

International Energy Agency chief Fatih Birol warned recently that Europe could run out of jet fuel in “six weeks or so.”

Russia may sacrifice a crucial spending rule as the Ukraine war puts the economy under pressure.

Supply disruptions from the Middle East are forcing Asia to put a greater focus on energy self-sufficiency.

Sefe’s CEO told the Financial Times that the Iran war has accelerated the plans to privatize via a capital raise.

The geopolitical volatility is rattling oil traders and derailing expectations of a Middle East drilling boom.

India saw purchases jump 87% year-on-year in March, and the UK saw a record number of EVs sold the same month.

It will take a lot more than political pronouncements to get oil flowing again.

Executives from clean energy startups said at Semafor World Economy that the regulatory environment for new clean tech needs to improve.

US consumers have largely been insulated from the worst impacts of the Strait of Hormuz blockade, but the country lags behind China in cheap electricity production.

The oil and gas crisis stemming from the Iran war has made energy security a central factor globally, officials and executives at Semafor World Economy said.

Energy security risks sparked by the Iran war are top of the agenda at the World Bank and IMF spring meetings in Washington this week.

Energy markets are suffering a series of chokepoints, from trade routes under threat of attack, to maxed-out electric grids and China’s stranglehold on critical minerals.