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AI-summarized news, updated every few hours

Energy OilPrice.com ·

Iraq's Economy Reels as Hormuz Blockade Chokes Oil Revenues

Iraq's economy is struggling significantly due to the blockade of the Strait of Hormuz, which has severely reduced oil revenues that constitute 90% of the country's state budget. As OPEC's second-largest oil producer, Iraq has failed to diversify its economy away from its heavy reliance on petroleum sales.

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Energy OilPrice.com ·

Australia Delays Its Gas Crunch

Australia's natural gas supply outlook has become more favorable, with the Australian Energy Market Operator (AEMO) projecting that peak-day shortfalls in southern Australia will now occur in 2030, a year later than previously anticipated, due to improved supply conditions and reduced consumption forecasts.

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Energy PV Magazine ·

JinkoSolar achieves 32.76% efficiency in perovskite-TOPCon tandem solar cell

JinkoSolar, in collaboration with researchers from the National University of Singapore and the Solar Energy Research Institute of Singapore, has achieved a power conversion efficiency of 32.76% in a perovskite-TOPCon tandem solar cell, a result certified by China's National Photovoltaic Industry Metrology Test Center. The cell features a high-efficiency tandem structure utilizing a perovskite top device

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Energy PV Magazine ·

Who are the Top 100 PV manufacturers today?

The Terawatt PV 100 has ranked the top 100 solar manufacturing companies for Q1 2026, with Tongwei at the top and most firms based in China. The ranking reflects growing global supply-chain scrutiny and the rising influence of Indian companies in the solar industry.

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Energy OilPrice.com ·

The Iran War Has Upended Global LNG Markets

The ongoing war in the Middle East has led analysts to downgrade their forecasts for global liquefied natural gas supply by approximately 35 million tons, primarily due to disruptions in production and exports, including a force majeure on Qatar's LNG facilities. Multiple forecasting firms have adjusted their expectations for LNG supply through 2029.

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Energy PV Magazine ·

Solar sheep grazing delivers margins up to 40% in new study

A study by researchers at Western University reveals that agrivoltaic systems, which integrate sheep grazing with solar PV arrays, can yield profit margins up to 40% higher than traditional farming methods in Ontario, providing dual revenue from livestock and solar services.

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Energy PV Magazine ·

Nulite launches PV-driven residential heat pump

Nulite New Energy has launched a hybrid photovoltaic-geothermal heat pump system that harnesses solar electricity for direct operation, enhancing efficiency and self-consumption. This system, ranging from 8 to 112 kW, provides heating, cooling, and domestic hot water, achieving coefficients of performance above 4-5 and utilizing smart controls for optimal year-round performance.

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Energy OilPrice.com ·

Venezuela Oil Production Climbs to 1.1 Million Bpd

Venezuela's oil production increased to 1.1 million barrels per day this month, up from 942,000 barrels per day in February, following the selective lifting of U.S. sanctions after the removal of President Nicolas Maduro. Despite this improvement, experts indicate that a full recovery of the oil industry will take time.

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Energy CleanTechnica ·

Europe Just 3 Years Behind China on Electric Vehicles Sales

New research indicates that Europe is only three years behind China in electric vehicle sales, and if it continues to pursue its electric car goals, it could significantly reduce oil dependence in transportation before 2030. European oil imports are projected to reach €300 billion by 2026, including an €80 billion crisis premium.

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Energy OilPrice.com ·

Alberta Courts Asian Capital for 1M bpd Pipeline to Break U.S. Dependence

Alberta is seeking investment from Asian and Middle Eastern capital for a proposed pipeline capable of transporting 1 million barrels of oil per day to Asian markets, with Premier Danielle Smith noting that investors are interested in minority stakes. The pipeline aims to reduce Canada's reliance on U.S. oil exports by facilitating the movement of oil sands crude to a terminal in Prince Rupert, British Columbia.

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Energy OilPrice.com ·

Australia’s Fuels Dependence Turns Into a Crisis

Australia is facing a fuel crisis due to its heavy reliance on imported refined products, despite producing approximately 320,000 barrels per day of crude oil domestically. This situation highlights the nation's vulnerability to disruptions in fuel imports.

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Energy OilPrice.com ·

Middle East War Could Push West Canada’s LNG Projects Forward

The ongoing war in the Middle East, which has disrupted around 20% of global LNG trade, is prompting a push for increased LNG exports from Western Canada, as its political stability and proximity to Asian markets make it a viable alternative to address the sudden supply shortage in gas markets.

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Energy Electrek ·

EIA: New solar, wind + storage capacity will swamp fossil fuels in 2026

In January 2026, renewable energy sources contributed over 25% of the U.S. electrical generation, marking an 11% increase from the previous year, and accounted for more than 36% of installed generating capacity. The U.S. Energy Information Administration reported that solar, wind, and battery storage added over 55 gigawatts of new capacity in 2026, while fossil fuels

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Energy OilPrice.com ·

Gas Crisis Dwarfs Oil Shock as LNG Supply Breaks

Recent military actions by the U.S. and Israel against Iran have shifted energy market expectations from a predicted surplus in oil and liquefied natural gas (LNG) to warnings of impending shortages, particularly in natural gas. QatarEnergy has declared force majeure amid these developments, indicating significant disruptions in supply.

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Energy OilPrice.com ·

The Grid Is Losing Its Biggest New Customer

Tech giants are moving away from relying on the electrical grid, primarily due to the potential burdens that AI centers could impose on other electricity customers, leading to increased costs for the general public. Critics argue that these centers may establish their own power sources instead.

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Energy CleanTechnica ·

Oʻahu 2050: A Hard-Charging Roadmap to a Zero-Carbon Energy System

The article outlines a draft roadmap aimed at achieving a zero-carbon energy system for Oʻahu by 2050, building on extensive analysis of the island's energy infrastructure. It focuses on eliminating overseas aviation fuel, international maritime bunkering, and military energy demands to create a sustainable energy future.

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Energy CleanTechnica ·

More Solar Power, 2x Faster With Maximo Robots

Utility-scale developers in the US can now construct solar power plants more rapidly, thanks to a new generation of heat-tolerant robots called Maximo. These robots are designed to enhance the efficiency of solar plant construction.

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Energy OilPrice.com ·

Crude Drops 4% on Iran News Just as Dallas Fed Signals Oil Rebound

Crude oil prices dropped approximately 4% following news of President Trump's proposed Iran peace plan, which reduced the geopolitical risk premium that had previously increased prices. Meanwhile, the Dallas Fed Energy Survey indicated a rebound in U.S. oilfield activity, with energy firms returning to expansion.

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Energy OilPrice.com ·

Japan Urges IEA to Prepare for Second Emergency Oil Release

Japan's Prime Minister Sanae Takaichi has requested the International Energy Agency to prepare for a potential second emergency release of oil stocks, following a recent coordinated release of over 400 million barrels. This initial release included 172.2 million barrels from the U.S. Strategic Petroleum Reserve, with Japan also beginning preparations for its involvement.

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Energy PV Magazine ·

Spain enables 50-plus renewable plants for real-time voltage control

Spain's grid operator Red Eléctrica and regulator CNMC have introduced real-time voltage control services that allow renewable energy plants to support the grid dynamically, following the approval of Operational Plan 7.4. This initiative aims to enhance grid stability by utilizing renewable installations for voltage management.

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Energy PV Magazine ·

Global PV equipment market to reach 2.6 times current size by 2035

A study by Germany's VDMA predicts that global capital expenditure on photovoltaic (PV) manufacturing equipment will increase from approximately $16.6 billion in 2025 to $43.8 billion by 2035, growing to more than 2.5 times its current level, while European suppliers maintain competitive advantages despite facing structural challenges.

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Energy PV Magazine ·

South Korea targets 2,500 community solar cooperatives by 2030

South Korea aims to create 2,500 community-owned solar cooperatives by 2030, with over 500 sites to be selected this year and KRW 550 billion allocated for the initiative by 2026. The Ministry of the Interior and Safety has announced a public competition for its Sunlight Income Village program to support these rural cooperatives.

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Energy PV Magazine ·

Smart meters are vulnerable gateways to cyberattacks

Researchers from Aalborg University in Denmark and the University of the Punjab in Pakistan have identified significant cybersecurity vulnerabilities in smart meters, which could lead to data manipulation, energy theft, and service disruptions. They suggest a new detection method that improves attack identification using state estimation and statistical boundaries, although it requires more computational resources than existing techniques.

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Energy PV Magazine ·

Perovskite solar cells can be made without expensive cleanrooms

Researchers at Swansea University have discovered that perovskite solar cells can be effectively produced in dusty environments, achieving performance levels comparable to those made in cleanrooms. This breakthrough suggests that manufacturing these solar cells could be more cost-effective and scalable without the need for ultra-sterile conditions.

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