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BREAKING: Iran believes a new round of fighting with the US is unavoidable and has now decided to focus all efforts on preparing for battle instead of diplomacy, per a senior Iranian source in Tehran.
Somali piracy is surging as the Hormuz crisis reroutes ships around Africa and diverts naval resources. Three tankers were hijacked between April and July, while pirates reportedly demanded $10 million for the Eureka. #Shipping# #Hormuz# #Piracy#
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Big Tech’s AI boom is pushing emissions higher despite ambitious climate pledges. Amazon, Microsoft and Google emitted 19 million metric tonnes of CO2 equivalent last year, as hyperscale data centers drive massive power demand. #AI# #Energy# #DataCenters#
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A strong El Niño may ease Europe’s gas demand, but Rystad says temperatures must average 2°C above normal for LNG imports to fall to last winter’s level. Its base case still requires 15.15 Mt more LNG through June 2027. #LNG# #Europe# #NaturalGas#
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Houthi spokesperson Yahya Saree: "With a large number of ballistic missiles, we targeted troops, weapons and military boats belonging to Saudi Arabia in the Al-Mukha area."
Some (datacenter) developers are pitching the same project to multiple utilities, with plans to push ahead with the application that lands the best deal and speediest approval. That creates what the industry calls "phantom" applications, complicating efforts to accurately forecast true power demand."
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More Than Two-Thirds Of The Power Sought For US Data Centers Will Never Materialize
Trump is reportedly growing more skeptical of Putin as diplomacy fails to produce a Ukraine settlement. With Congress advancing tougher Russia sanctions, Washington appears increasingly willing to raise pressure on Moscow. #Ukraine# #Russia# #Sanctions#
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South Africa’s top court has blocked Shell-led exploration off the Wild Coast, overturning a ruling that kept seismic surveys alive. The decision adds another legal setback as neighboring Namibia’s offshore sector advances. #Shell# #SouthAfrica# #Oil#
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Brent is heading for a roughly 5% weekly gain as stalled US-Iran talks and attacks around Hormuz tighten supply risks. With crude near $88, continued naval disruptions could push Brent toward the $100 threshold. #Oil# #Brent# #Hormuz# #Iran#
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A 540,000-barrel fuel oil cargo is heading from Malaysia to the US West Coast, the first such PRefChem shipment since 2023. Tight global feedstock supplies and record refining margins have opened an unusually long arbitrage route. #Oil# #Refining# #FuelOil#
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First tanker from Kharg in over two weeks. That doesn't bode well for the Iranian economy.
A National Iranian Tanker Company VLCC supertanker is seen today (2026-08-14) loading 2 million barrels of crude at the Azarpad jetty on Kharg Island, Iran.
Although this is the first loading sighted at the island since the end of July, Iran has continued loading tankers at other terminals. That said, Iran’s oil production appears to be roughly in line with the country’s refinery runs (domestic consumption), meaning it may not need to export much.
#OOTT# #IranWar# #Tankers#
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India’s coal demand is projected to jump from about 1.2 billion tonnes today to 1.6 billion tonnes by 2030 as electricity generation and industrial activity expand. Coal still supplies roughly 60% of the country’s power. #India# #Coal# #Energy#
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Iran’s economy is nearing collapse after five months of war compounded years of sanctions and mismanagement. The IMF forecasts inflation near 69% this year, while an average family now spends around 70% of income on basic food. #Iran# #Economy# #Inflation#
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Mexico’s fuel self-sufficiency push is being undermined by refinery reliability. Pemex processed just 1 million b/d in Q2, only 58% of installed capacity, while fuel imports rebounded despite billions spent on upgrades. #Pemex# #Mexico# #Oil# #Refining#
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You have the refineries, but can you keep them running?
(With crack spreads at eye-watering levels...)
Solar overtook wind as a source of global electricity for the first time in 2025, generating 2,811 TWh versus wind’s 2,714 TWh. Solar output surged 30.1% as renewables reached 33.4% of global power generation. #Solar# #Renewables# #Energy#
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Does Admiral Brad Cooper's contingency plan include retaliation strikes against (energy) infrastructure across the Middle East?
BREAKING: US CENTCOM Commander Admiral Brad Cooper is actively pushing for renewed US strikes on Iran, together with Israel, saying "the fighting in Iran must be renewed, to attack national infrastructure, including sites in the gas, oil and electricity industries," per Israeli Channel 13.
Cooper also told IDF senior officials "we may very well have no choice but to resume fighting and will need you for joint strikes."
Israel says the Trump administration's demand last week to "close all fronts" with Iran is not the plan anymore.
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Brent briefly neared $90 as stalled U.S.-Iran talks and constrained Hormuz flows tighten global fuel markets. The IEA now sees a 1.8M-bpd oil deficit this quarter, while diesel cracks remain at extreme levels. #Oil# #Brent# #Hormuz# #Diesel#
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Porsche is reportedly preparing to end Taycan production by 2030, another retreat from its aggressive EV strategy. Taycan sales plunged from 40,629 in 2023 to 16,339 in 2025 as luxury EV demand weakened. #Porsche# #EV# #ElectricVehicles# #Autos#
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The UK economy grew 0.4% in Q2, with June GDP unexpectedly rising 0.3%, as consumers and businesses weathered the Iran war’s energy shock. But economists warn higher prices and borrowing costs could slow growth later in 2026. #UK# #Economy# #GDP# #Oil#
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