US Military Secures 660 Million Barrels of Oil in Hormuz Since May

According to U.S. Central Command, the U.S. military has helped tankers transport more than 660 million barrels of crude oil through the Strait of Hormuz since early May, even as the security situation in the vital waterway remains contested. Military Escorts and Commercial Transit Volumes in Hormuz U.S. Navy Captain Tim Hawkins, a Central Command … Read more

Saudi Red Sea Oil Exports Stop Amid Houthi Threats

Saudi crude exports from the Red Sea are increasingly vanishing from view as tankers switch off tracking signals to avoid attacks by Yemen’s Iran-aligned Houthis, according to ship-tracking firms and industry analysts. The shift obscures visibility into global oil supply assessments and creates wide discrepancies in export estimates used by the International Energy Agency and … Read more

Oil Prices Surge on Delayed Strait of Hormuz Reopening

Oil prices climbed past $89 a barrel after attacks on shipping in the Middle East eroded market confidence in diplomatic efforts to reopen the Strait of Hormuz, according to data from international energy markets. Brent crude rose more than two percent overnight, with October futures standing at $89.61 at 03:00 GMT, marking a 24 percent … Read more

Contact Energy Posts $423M Profit on Manawa Deal

Contact Energy reported a net profit of $423 million for the year ended June 30, according to financial results released on Monday. Operating earnings (EBITDAF) topped $1 billion for the first time, reaching $1.011 billion, as the company absorbed rival Manawa Energy and benefited from higher renewable generation output, lower fuel costs, and improved hydro … Read more

AI Data Centres Must Fund New Power Generation

New Zealand Energy Minister Simeon Brown announced that the government is seeking policy advice to ensure new hyperscale data centres underwrite renewable energy generation matching their projected power usage, according to an interview on TVNZ+’s Q+A. The proposed rules aim to prevent large technological facilities from creating pricing pressure for residential consumers as artificial intelligence … Read more

Iran’s Conditions for Opening the Strait of Hormuz Explained

Iran outlined sweeping demands on Saturday to the U.S. for reopening the Strait of Hormuz, requiring Washington to lift its naval blockade and sanctions, withdraw military forces, pay war reparations, and release frozen Iranian assets, according to media reports. The conditions, laid out by Mohammad Bagher Zolghadr, Secretary of Iran’s Supreme National Security Council, also … Read more

Nitecore’s Lightest and Most Compact Power Bank Yet

The Nitecore NB10000 Gen 4 power bank weighs 146 grams and measures 1.45 x 11.6 x 4.68cm, making it the lightest and most compact 10,000mAh power bank available, according to reviewer Thomas Ricker of The Verge. Priced at $83.95, the new model achieves its class-leading energy density by utilizing a silicon-carbon anode. Weighing the Specs: … Read more

Freezing Temps Drive Record Power Demand: What You Need to Know

National electricity demand reached unprecedented levels over the past two weeks, according to grid operator Transpower, as freezing temperatures swept across Aotearoa and pushed power systems to their limits. The surge in energy use prompted warnings of potential shortfalls, forced industrial cutbacks, and coincided with record-shattering low temperatures recorded by MetService in parts of the … Read more

Hormuz Ship Traffic Dwindles Amid Iran-Oman Talks

Shipping traffic through the Strait of Hormuz has plummeted to 33 vessels between Monday and Thursday, down from 50 in the previous week, according to Kpler data published by Reuters. Markets are closely monitoring ongoing talks between Iran and Oman to gauge any potential progress in reopening the critical global energy waterway following regional conflicts. … Read more