China has emerged as the sole winner in Asia from the strait of Hormuz crisis, according to a report published on Tuesday. The report by the Asia Group thinktank concluded that China had weathered the storm of the global commodities crisis resulting from the closure of the Middle Eastern waterway, and also stood to gain from the economic and geopolitical trends sparked by the wider conflict. Iran virtually closed the strait, a vital waterway through which much of the world’s oil and gas flows, after the US and Israel launched…
Tag: Energy
Petrol prices in Australia are now lower than before the Iran war began. Is the oil crisis over and what happens next?
Australians were warned soon after the Middle East conflict started that the country could run short on fuel, with prices rising to record levels owing to disrupted oil supplies. Now, amid an uneasy peace deal and continued supply disruptions, petrol prices are lower than they were before the conflict began and official warnings over fuel usage have largely disappeared. Why haven’t we run out of fuel? Why were we told to cut back? And what will happen now? How did refiners keep getting oil? The US-Israel war on Iran closed…
World’s first wind-powered underwater datacentre starts operating in China
The world’s first wind-powered underwater datacentre has started operations off the coast of Shanghai, as China presses forwards with solutions for energy challenges created by the country’s artificial intelligence boom. The Shanghai Lingang undersea datacentre demonstration project, which launched in May, has a capacity of 24 megawatts. It is a joint effort between HiCloud Technology and China Communications Construction, a state-owned company. Located more than 6 miles (10km) off the coast of Shanghai, the datacentre is submerged 10 metres below the surface of the water and is powered by a…
Revealed: the internal BHP memo that slammed the brakes on world’s biggest miner’s climate push
In the middle of 2019, London was sweltering through a heatwave. Temperature records tumbled. Frail, ill and elderly people died in their hundreds. In a city not built for heat, trains were brought to a halt. Railway lines threatened to buckle and sagging power lines caused spot fires along the tracks. Across the channel, Belgium, the Netherlands and Germany also hit record temperatures. During the hottest week in late July, the then global chief executive of one of the world’s worst polluters was preparing to take the stage at a…
BHP quietly scrapped plan to build Pilbara plant that would have drastically cut emissions
BHP quietly dumped plans for an iron ore processing facility that would have cut emissions drastically, despite internally rating it as having “excellent social value” and being “well-aligned” to its shareholder-endorsed climate plan and decarbonisation targets. In 2025 the mining giant was well advanced in its plans to build a beneficiation plant near its Jimblebar open-cut mine in the Pilbara, which would greatly improve the purity and quality of its iron ore. BHP knew higher quality iron ore was desired by steelmakers across the globe, including in China, where government…
The American epoch of oil is collapsing. What comes next could be ugly | Jonathan Watts
“Farewell,” the flag-waving Chinese children chanted to Donald Trump as he strolled along the red carpet back to Air Force One at the end of his summit with Xi Jinping in Beijing. The US leader claimed he was leaving with a cluster of “fantastic” trade deals to sell US oil, jets and soya beans to China. That has not been confirmed by his smiling host, but one thing was crystal clear from the two days of meetings: the global balance of power is shifting, from the declining petrostate in the…
Trump may not be a fan of clean energy but Iran war is accelerating global shift from oil and gas | Heather Stewart
Operation Epic Fury has thus far achieved none of Donald Trump’s war aims, but it may well accelerate the global transition towards the clean energy he loves to hate. Last week brought the latest exchange of verbal blows in the standoff over the strait of Hormuz. Iran was “choking like a stuffed pig” on the oil it was unable to export because of the US blockade, Trump claimed. From Tehran, the supreme leader shot back that foreigners who “maliciously covet” the waterway “have no place there except at the bottom…
Clean energy generation exceeded rise in global electricity demand in 2025
Output from solar farms rose by a third while electricity from fossil fuels fell, research from thinktank reveals UK shifts older wind and solar farms to fixed-price deals to reduce price shocks All of last year’s growth in global electricity demand was met from renewable sources, while fossil fuel power generation remained flat, research has found, marking what many hope could become a turning point in the drive to phase out planet-heating fossil fuels. Solar power generation rose by nearly a third in 2025, marking a new record and faster…
As Iran war exposes global dependence on fossil fuels, the biggest emitters are reaping the rewards
Oil stands at about $110 a barrel and some forecasts have predicted it could reach $150. Food prices are on the rise and are expected to leap further owing to the fertiliser supply crunch, leading the World Food Programme USA to warn that global food insecurity could reach record levels, with 45 million more people pushed into acute hunger. Industries from steel to chemicals have alerted markets that they face shortages and soaring costs, while households across the world are feeling the pinch – people have been told to turn…
Donald Trump insists there are no wind farms in China. Here are 20 of them – in pictures
The US president has made the easily debunked claim that there are no wind farms in China Continue reading… The Guardian