Global energy research and advisory group
Solar power has for May provided more electricity than coal for the first time, reaching 12.8% vs 12.2% and signaling a lasting shift toward renewables amid policy headwinds. Emitted by Ember, SEIA and Wood Mackenzie, the data show solar remains the leading source for new power as coal declines. Trump’s plan to bolster coal faces industry pushback.
The Strait of Hormuz remains a focal point as multiple sources indicate shifting dynamics in Gulf oil flows. Analysts say international pressure, sanctions, and ongoing fighting shape when and how Gulf oil will move, with some shipments reappearing while overall volumes stay depressed. The pace of mine clearance, lane re-opening, and fleet re-mobilization will determine when prewar flows resume.
A tentative deal has reopened the Strait of Hormuz and allowed some vessels to leave the Persian Gulf, but global oil flows have not returned to normal. Producers and shipowners have cut output and delayed shipments; tankers stranded in the Gulf and shut-in fields will take weeks to months to restart full exports, keeping pressure on prices and inventories through summer.
Solar generation has surpassed coal in the US grid, led by rooftop and utility-scale projects, signaling a growing dominance of renewables. The Energy Information Administration data show renewables outpacing coal in total power delivery, with solar near the gap but not yet yearly total. The trend continues as demand climbs and permitting hurdles persist.
Greenland Energy plans to drill in Jameson Land amid warnings from Greenlandic regulators. The government says landings require mineral resources approval, while a drilling effort linked to US interests faces political pressure as local authorities weigh conservation commitments against potential oil reserves.
Gas prices across the United States have risen, with the national average approaching and potentially surpassing $4 per gallon for Labor Day. Drivers face record-level costs driven by global tensions, crude markets, and calls for domestic energy policy responses.