Energy & Resources News

Strait of Hormuz may not fully reopen until second half of 2026, Baker Hughes says

The world is embracing offshore wind — even as the US retreats

Renewable energy is booming again. Exports of solar energy equipment from China doubled in March, a sign that Trump's Iran war is convincing countries to shift to more renewables. Battery exports jumped 44%. EV sales are surging in other countries. This may be only the beginning.

Top oil analyst guarantees that the next few months ‘will be an ongoing, absolute disaster’ even if the Strait of Hormuz opens tomorrow. Oil futures have been totally disconnected from reality, but a reckoning is imminent. “Over the coming months, this is going to unfortunately deteriorate badly."

China stockpiled huge amounts of oil before Iran war. China added heavily to its oil reserves in 2025 when prices were low - now at 1.4B barrels. It also owns over 70% of global solar, wind, battery and EV supply chains, which are surging. China's moves last year are looking increasingly prescient.

Countries meet in first global effort to phase out fossil fuels

Clean energy pushes fossil-fuel power into reverse for ‘first time ever’

Sticker Shock As U.S. Gas Plant Costs Soar 66 Percent

World's first 50 MW superhot geothermal plant eyes 2030 launch

‘The damage is done’: global oil crisis has changed fossil fuel industry for ever, IEA chief says

How ironic that Trump has accelerated the end of fossil fuel.

House Introduces American Energy Dominance Act to reinstate clean energy tax credits

From what I've read, it's essentially a bipartisan-led insurance policy for the U.S. energy sector. Introduced this week, the bill aims to prevent a 'tax cliff' by extending expiring clean energy incentives for hydrogen, energy-efficient commercial buildings, and new home construction through 2032.

China eyes near-100% electric trucks to secure energy security, cut emissions

Trump vowed to break Iran. His own economy may break first. Iran is betting that its closure of the Strait of Hormuz will send oil prices soaring and inflict enough pain on the US economy to force Trump to back down — a risk that oil analysts say could be just a few weeks away from playing out.

Unfounded Health Concerns Are Powering a Solar Backlash

Electrification Is the Real Energy Hedge—and China Knows It. China is steadily reducing how much oil matters to its economy. China’s push into renewables, batteries, EVs and UHV transmission is fundamentally about economic power, industrial power, and geopolitical power.