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Nuclear energy is experiencing a resurgence in popularity on a global scale, thanks to a resurgence in energy security anxieties worldwide. The AI boom has majorly ramped up energy demand projections around the world at the same time that climate pledges are inching dangerously close with perilously little progress to show. Add to this a near-endless cycle of energy crisis and geopolitical conflict, and you're presented with a majorly heightened energy trilemma: how to source energy that is sufficient, affordable, and sustainable. To solve this…
On Wednesday, the United States and Iran agreed to a two-week ceasefire, pausing the 42-day military campaign by the U.S. and Israel against multiple Iranian military and civilian targets. The Pakistan-brokered deal is, however, already being severely tested: whereas direct U.S. strikes on Iran have stopped, Israel and Hezbollah in Lebanon have continued fighting, with Israel maintaining that Lebanon is not part of the ceasefire, while Iran insists that continued Israeli strikes violate the agreement. Meanwhile, traffic through the Strait of Hormuz…
If you are looking for respite from news of bombings, threats to ancient civilizations, becalmed oil tankers, rising prices, disputes about who can go to which toilets, and sex scandals among the rich and famous, consider these stories that matter for energy folk who would have otherwise noticed but might have been distracted by all the other stuff. Nuclear reactor price—As part of the tariff dispute last year, Japan was strong-armed into announcing billions of dollars of new investments in the USA. As part of the deal, GE Hitachi will partner…
Governments worldwide are racing to find a solution to contend with the severe energy shortages brought about by the war in Iran and the ongoing Middle East conflict. For some, this means accelerating the deployment of renewable energy, which is likely to be a longer-term solution. For others, it means relying on stockpiles of crude, while the oil trade remains limited. And, for many, it means using any type of energy available, including coal. Several countries have reduced their reliance on coal in recent years in favour of oil, gas, and renewable…
The biggest oil producers in the Middle East are asking their Asian customers to submit cargo loading nominations for the export ports that require passage through the Strait of Hormuz, in a sign that the Gulf petrostates are taking tentative steps toward preparing for resumed oil flows through the chokepoint. Saudi Arabia, Kuwait, and Iraq are asking for loading nominations for April and May for cargoes that would have to eventually transit the Strait of Hormuz, sources familiar with the plans told Reuters on Friday. Despite the ceasefire announced…
