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Artificial intelligence is often viewed as a catalyst for electrification and subsequently decarbonization. Yet one of its most immediate effects may be the opposite of what many assume. The rapid buildout of AI infrastructure is increasing demand for reliable power, and that reality could strengthen the role of natural gas and other dispatchable energy sources for many years. Investors focused on semiconductors and software valuations may be overlooking a key constraint. AI runs on electricity, and those electricity systems operate within physical…
Tesla’s energy business could become $20 billion to $50 billion more valuable if Elon Musk’s plan to build 100 gigawatts of yearly solar cell manufacturing capacity in the United States pans out, analysts at Morgan Stanley say. “The solar opportunity is underestimated,” Musk told analysts on Tesla’s Q4 earnings call last month. “We think the best way to add significant capability to the grid is solar and batteries on Earth and solar in space,” he added. As Musk sees opportunities in the solar manufacturing…
To help navigate the uncertainty, we have framed five possible scenarios, detailed below, that outline plausible pathways, from diplomatic normalization to severe destabilization, and assess their consequences for geopolitics and global oil markets. Only a week ago, the balance of risks appeared tilted towards military action. More recently, intensified diplomatic engagement and signalling from both Washington and Tehran have shifted expectations toward a less confrontational path. That said, developments can unfold quickly, and the probability…
The average margin on a US Gulf coast (USGC) cargo destined to Europe, including regasification costs, was $4.56 per million British thermal units (MMBtu) between 2023 and 2025, or $17.5 million per one LNG vessel, compared to negative margins prior and during the pandemic in 2019 and 2020. These attractive profits have spurred national oil companies and majors, sovereign wealth funds, private equity, Asian utilities and other energy buyers to flock to the USGC with their checkbooks to get in on the action. As a result, a flurry of LNG final investment…
Ukrainian attacks on Russian oil refineries cost Russia’s oil and gas sector as much as $12.9 billion (1 trillion Russian rubles) last year, according to a local insurance broker. Direct losses for the sector topped $1.3 billion (100 billion rubles) in 2025. If these are added to the indirect losses and missed sales and profits, the total losses for Russia’s oil and gas industry amounted to $13 billion, Yevgeny Borovikov, deputy CEO at insurance broker Mains, told Russian daily Kommersant. Last year, Russian insurers…
