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Semafor Energy
🟡 Semafor Energy: Crude deadlines
Oil prices climbed above $110 per barrel on Tuesday, as Donald Trump’s deadline for Iran to agree a deal with Washington — set for 8 pm Eastern time — fast approaches, but tensions show no sign of abating.
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Iran war strengthens case for green hydrogen
The effective closure of the Strait of Hormuz has boosted interest in green hydrogen, as fossil fuel prices soar.
Simon Johnson/Reuters
Paris Agreement target off the table, report says
Rising electricity demand and strong oil markets in Asia, Africa, and the Middle East are making it harder for emissions to decrease.
Fayaz Aziz/Reuters
Oil climbs again as Trump reiterates Iran threats
Both Tehran and Washington rejected a 10-point peace plan put forward by Pakistan and other meditators, sending oil to more than $110 a barrel.
Kuwait Petroleum Corporation/Handout via Reuters
Oil approaches a scary new deadline: Nonlinear pricing
The oil market is focused on the prospect of a sudden jolt to oil prices far worse than what we’ve seen so far.
Stringer/Reuters
Somalia’s first offshore drilling project underway
Mogadishu hopes the project will unlock a major new income stream and make Somalia a regional energy player.
Steve Nesius/File Photo/Reuters
Cuba turns to Chinese solar for energy lifeline
Cuba’s energy crisis is making the island more reliant on Chinese solar power.
Norlys Perez/Reuters
Venezuela’s March oil exports boom
The boost in sales comes as part of US efforts to liberalize the country’s oil sector, which has spurred interest from investors.
Asian oil refiners feel the heat from MidEast energy shortages
The Iran war is squeezing Asia’s oil refiners, forcing them to pay more or reduce output.
The oil market’s most important signals
There are a few key data points to watch out for to understand the real state of the energy market.
Energy security rifts widen in Europe
The deepening energy crisis triggered by the US-Israel war with Iran has thrust energy security back onto the political stage in European countries.
Oil prices surge over more Iran war uncertainty
In his first prime-time televised address on the conflict, Trump announced the US will hit Iran “extremely hard over the next two to three weeks.”
Global energy prices spark Africa inflation fears
Most countries on the continent still import the majority of their refined fuels, and have been badly hit by the energy crisis sparked by the war in the Middle East.
German minister urges nuclear power revival
Countries are scrambling to address the energy upheaval caused by the Iran war, which has sent oil and gas prices soaring.
Shorter showers and workweeks: Iran war disrupts daily life
The Iran war is disrupting daily life around the world as governments take action to blunt the impact of the energy crisis.
Fears of global aluminum shortages intensify
The Middle East accounts for 9% of the world’s production of aluminum.
A Gulf Coast LNG plant faces uncertain waters
Walking through a LNG terminal is a good way to get a sense of how challenging it will be for the US to extract much benefit from energy supply disruption.
Rising fuel prices boost EV interest
Chinese behemoth BYD is cashing in on the boom.
Kuwaiti oil tanker hit by Iranian drone
The attack underscored the war’s deepening risks to the energy sector.