Tuesday, March 10, 2026
A 'crude' view from Singapore as oil hits a crazy patch
Friday, March 06, 2026
Nearly a week in to the latest Middle East crisis
It's nearly coming up to a week since the latest Middle East crisis began last Saturday, after US and Israeli jets pounded Iran and took out its senior leadership. Tehran retaliated by hitting targets across the region embroiling several oil and gas producing Gulf states in a war that isn't of their choosing.
The skirmishes continue at the time of writing and the conflict is threatening to spiral out of control. Iran - which physically does not need to close the key maritime artery that's the Strait of Hormuz and actually can't - has threatened to do so. It has spooked both shipping firms and insurers thereby severely reducing transits in the Strait.
Brent and WTI front-month contracts are above $80 levels, with the former nearing $90 on Friday. Unsurprisingly, the Oilholic has spent the entirety of the week providing client intel and analysis, alongside changing travel plans to the region with air-space(s) shut and media commentary.
Natural gas prices are another matter of concern after Qatar stopped its LNG exports on Monday knocking off 20% of the world's LNG supply. It triggered a jump of over 40% to begin with before calm returned followed by another rise. Prices are higher at the moment but not at Ukraine War levels yet when the initial shock of that event hit the markets and lurked around for much of 2022.
Switching back to thoughts on the oil price - firstly, the reason we are not yet talking of $150 oil prices (or at least this blogger isn't) is largely thanks to the comfort cushion of non-OPEC crude barrels. Let's not forget that the market was heading for a surplus before the conflict started. Secondly, oil is not just a story of supply but one of demand too, which is looking pretty lacklustre in the run up to the conflict.
Secondly, what is US President Donald Trump's end goal? Quite possibly, some say almost certainly - regime change - and/or a destruction of both Iran's nuclear programme as well as its ability to militarily threaten the region directly or via proxies like Hezbollah, Houthi rebels and Hamas. All of these perhaps cannot be met via an aerial bombardment.
So where is the crisis going - an achieving of partial objectives and an off-ramp for the warring sides? A prolonged conflict? That's anybody's guess. But right now the market appears to be betting on an easing of hostilities within four to six weeks based on the soundbites from the White House.
If that happens to be the case, the market bulls currently out in force will enjoy a short-lived outing, and the perma-bulls are unlikely to get much joy. Since last Saturday, yours truly has also been discussing this and much more with publications, radio and television networks including Tagesspiegel, BBC World Service Radio, Energy Connects, Arabian Gulf Business Insights, Radio New Zealand, Al Jazeera English, TRT World and BBC World News.
That'd be seven days, eight media outlets, discussing where all this is heading to, all alongside modelling and making predictions for clients during an unprecedented global event.
Overall, the crude oil market finds itself in uncharted waters and a profound geopolitical crisis. But the price risk is at present manageable with OPEC+ currently somewhat of a spectator to what's unfolding. While a prolonged conflict could change that, we are not there yet.
Should we get there, high oil (and gas) prices would put inflationary pressures on consumers and industries to begin with felt most acutely in Europe and Asia. However, the domino effect would subsequently dent demand and global economic growth.
We're in for a roller-coaster over the coming weeks. Let's see what the coming days greet us with first. That's all for now folks. More musings to follow soon. Keep reading, keep it here, keep it 'crude'!
Sunday, February 15, 2026
Talking smart home control systems with Starflow
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| Gaurav Sharma, Energy Analyst, Oilholics Synonymous, (left) with Jonas Helmikstøl, CEO of Starflow in Oslo, Norway. |
As the concept of digital home control systems, or energy home hubs advances - there's is a lot of kit out there promising to optimise your 'smart' home, complete with energy savings to back that up.
But last month, the Oilholic got a rather unique demo in Oslo, Norway from Starflow, a startup backed by serial entrepreneur Jonas Helmikstøl. The company is working on bringing together the concept of a home hub and a direct current (DC) to alternating current (AC) inverter under one console.
Here's the logic - solar panels are increasingly finding favour with end-consumers in smart homes. But solar panels, and batteries, use DC while homes run on AC. Inverters help with the conversion between the two. In tandem, the home hubs bring an efficient energy control dynamic for a smart home into view.
"Our idea is to not treat the inverter like a commodity, but as the foundation of a seamless home energy experience by overlaying it with a home console and control unit," Helmikstøl said.
The idea was born in 2023, after Helmikstøl and fellow Starflow co-founders Ola Stengel (Chief Technology Officer) and Nikolai Konopelko (Principal Electronics Engineer) saw an opportunity to "harmonise the chaos" of various smart home concepts, technologies and residential renewable energy generation via solar panels.
Following a very interesting demo, Helmikstøl told The Oilholic that while both home hubs and inverters have been around for a while, his company's bid to integrate the two into a lightweight, modular, and "visually appealing" kit is its selling point.
Plans for pilots in five homes are underway with the number of homes eventually rising to 25. Thereafter, commercial upscaling will begin, potentially in 2027. The company has raised around $10 million and counting. Read The Oilholic's detailed Forbes report from October 2025 for more on that.
For now, this blogger wishes Team Starflow well and will be keeping an eye out for the startup and its cool kit. That's all for the moment folks. More musings to follow soon. Keep reading, keep it here, keep it 'crude'!
Monday, February 02, 2026
Media missives from India Energy Week 2026
India Energy Week 2026 drew to a close on January 30, as the Oilholic rounded off an engaging week out in Goa. Yours truly hosted pivotal industry panel sessions and fireside chats at the event on subjects ranging from city gas distribution networks to the evolving energy mix.
This blogger also had the privilege of hosting high ranking officials from India, US, Canada and Oman. In the between the speaking, meeting and greeting, yours truly also wrote plenty of missives via the keyboard for Forbes, Energy Connects and of course this blog.
All blog entries for India Energy Week 2026 are below:
- Speaking and moderating at India Energy Week 2026
- India Energy Week sessions to be hosted by yours truly
- IEW 2026 Days I & II: A $500bn investment opportunity?
- IEW 2026 Days III & IV: Speaking, meeting & greeting
And here are selected Forbes copies in chronological order based on soundbites and insights from the event:
- India Ups Energy Clout With Renewables Surge And 40-Plus Oil Suppliers, January 23, 2026
- India’s Biofuel Blended Gasoline Initiative Enters Overdrive Mode, January 30, 2026
- Canada Nears $3 Billion Uranium Deal With India, May Be Inked In March, February 1, 2026
And finally, here are a couple of reports on the Oilholic's panels by Energy Connects and an Indian renewables preview by yours truly ahead of the event:
- Mapping India's rise as a superpower of unconventional energy, January 12, 2026
- Global South nations look to renewables to tackle energy access and climate risks, January 28, 2026
- Canada eyes doubling trade relations with India to $60bn by end of decade, January 28, 2026
That's a wrap for this year's India Energy Week. More musings to follow soon. Keep reading, keep it here, keep it 'crude'!
Saturday, January 31, 2026
IEW 2026 Days III & IV: Speaking, meeting & greeting
Days three and four brought another 60+ insightful sessions for the benefit of the attending delegates. There was plenty to deliberate on from downstream AI to smart-grids, biofuels to coal's evolving role in the energy mix.
On the latter subject, the Oilholic hosted his fifth and final session of the event on the topic of 'coal’s evolving role in a secure energy mix: charting a balanced and pragmatic approach.' Panellists included Vikram Dev Dutt, Secretary, Ministry of Coal, Government of India, Kyle Haustveit, Assistant Secretary for Hydrocarbons and Geothermal Energy, US Department of Energy and B. Sairam, Chairman and MD, Coal India Limited.
Despite the global push against it, coal remains a leading source of electricity generation across the world, providing viable power for millions, as well as underpinning energy security and economic growth.
It is also believed in many quarters that coal demand will remain at elevated levels until at least the end of the decade, and furthermore, the exponentially growing boom in AI data centres is creating a new need for the readiness and consistency of coal-fired plants.
So, with coal set to remain an essential component of the energy mix for decades beyond its projected peak in 2030, the panellists discussed how can this reality be reconciled with the need for energy transformation.
From integrating Clean Coal Technologies (CCTs) and Clean Coal Utilisation (CCU) solutions, and implementing AI-driven efficiency measures, to enabling co-firing with biomass or hydrogen fuels, advanced technology innovations are the most viable routes to reducing coal’s ongoing carbon footprint while meeting energy demand. Their widespread adoption, however, will be reliant on enabling policies, financing mechanisms and incentivising private sector engagement.
Bearing these points in mind, the panellists offered insights on optimising coal’s socioeconomic benefits as a core component of the mid-term energy mix, while minimising its environmental impact through climate technology and digital efficiencies. Officials from both the US and India also advocated for a pragmatic approach to coal and its usage.
Additionally, Assistant Secretary Haustveit revealed the launch and repurposing of the National Energy Technology Laboratory in Morgantown, West Virginia as a Center of Excellence for Coal research this February - a place and a town very familiar to yours truly and the readers of this blog, when one visited it in 2019.
Another subject of note over Thursday and Friday of India Energy Week was biofuels, and India's Minister of Petroleum and Natural Gas Hardeep Singh Puri's pet project of enhanced ethanol blending into fuel dispensed at the country's petrol forecourts.The initiative is now firmly in overdrive mode, as noted by yours truly's in a Forbes post from the event. Have a read here if you wish.
With speaking engagements all done on Thursday, it was time for some more meeting and greeting at the exhibition halls and getting to know what the energy sector was bringing to bear in 2026 and beyond.
The Oilholic's many engagements included meeting Emerson's Chief Sustainability Officer and longstanding industry colleague Mike Train, as well as Erik Lindhjem, President of Asia Pacific and Anil Bhatia, Vice President & Managing Director India. We had a great discussion on investment opportunities in India (see above right, click to enlarge).
A meeting with Abhilesh Gupta, CEO of Think Gas, who was also a panellist yours truly panel on city gas distribution (CGD) networks and their potential, followed (see left, click to enlarge).
It was great discussing the plans of this prominent Indian CGD company specialising in the distribution of compressed natural gas (CNG), piped natural gas (PNG), and liquefied natural gas (LNG) for residential, commercial, and industrial use with him.
Also had a fascinating discussion as the event's conclusion approached with Chander Mani, GGM, Impex & Shipping, at Mangalore Refinery and Petrochemicals Limited (MRPL), a subsidiary of ONGC (see right, click to enlarge).
MRPL is a crucial part of the ONGC group, acting as a refining arm that processes crude oil from ONGC’s fields in Mumbai High, and other imported crudes.In Dec 2024, MRPL and ONGC signed a performance MoU to improve operational efficiency and secure energy at the 300,000 barrels per day refining facility in Southern India.
We also discussed the refining industry's current operational complexities with the state of global geopolitics and crude supplies as they stand.
Finally, the Oilholic also caught up with the team at Applied Computing, a UK energy AI start-up making waves with its downstream platform Orbital (see below left, click to enlarge).
The duo of Hari Ramani, Vice President of Commercial Markets at Applied Computing (left) and Harry Ashcroft, Communications Advisor (right), discussed the company's expansion plans, including the recent opening of a new office in Bengaluru, India, pointing to the inexorable direction of travel for many energy technology firms both large and small.
Well that's all for now from India Energy Week 2026 folks. It has been a memorable and insightful time out here in Goa. More missives to follow soon. Keep reading, keep it here, keep it 'crude'!
Wednesday, January 28, 2026
IEW 2026 Days I & II: A $500bn investment opportunity?
Wednesday, January 21, 2026
India Energy Week sessions to be hosted by yours truly
As India Energy Week 2026 approaches, the Oilholic is looking forward to moderating panels and fireside chats at the event being held in Goa, India from Jan 27 to 30, covering vital topics across the international energy sphere. It will bring together global leaders, corporate visionaries and technical experts. Here are the detail's of yours truly's sessions:
Wednesday, January 28, The Addition Stage, MDF Building, ONGC ATI, Goa @ 12:00pm
From reset to results: translating Canada–India political momentum into a priority partnership for long-term energy and critical minerals cooperation
- A fireside chat under the event's Energy Talks programme with Hon. Timothy Hodgson, Minister of Energy and Natural Resources, Government of Canada.
Wednesday, January 28, The Transition Stage, Convention Centre, ONGC ATI, Goa @ 10:30am
Global South clean energy solidarity: Powering South-South cooperation for a shared future
With panellists:
- H.E. Prof. Elmutasim Ibrahim Ahmed Ali, Minister of Energy and Petroleum, Republic of Sudan
- H.E. Ralph Regenvanu, Minister of Climate Change Adaptation, Meteorology and Geo-Hazards, Energy, Environment and Disaster Management, Vanuatu
- H.E. Dr. Eng. Sultan Welle Ahmed, State Minister of Energy, Ministry of Water and Energy, Ethiopia
- H.E. Indra Mani Pandey, Secretary General, The BIMSTEC Secretariat
Wednesday, January 28, The Resilience Stage, Convention Centre, ONGC ATI, Goa @ 13:40pm IST
Establishing global models for City Gas Distribution (CGD) networks: building clean, secure and equitable gas-based economies
With panellists:
- Suresh P Manglani, Executive Director and CEO, Adani Total Gas
- Goutom Chakraborty, CEO, GAIL Gas Limited
- Kamal Kishore Chatiwal, MD, Indraprastha Gas Limited
- Abhilesh Gupta, MD & CEO, THINK Gas
- Sandeep Jain, Former Executive Director, Gas, Indian Oil Corporation Limited
Thursday, January 29, The Resilience Stage, Convention Centre, ONGC ATI @ 16:30pm IST
Coal’s evolving role in a secure energy mix: charting a balanced and pragmatic approach
With panellists:
- Shri Vikram Dev Dutt, Secretary, Ministry of Coal - Official, Government of India
- Kyle Haustveit, P.E., Assistant Secretary for Hydrocarbons and Geothermal Energy, U.S. Department of Energy (DOE)
- B. Sairam, Chairman-cum-MD, Coal India Limited
Explore the event's exciting agenda here, and be sure to register here.
The Oilholic is excited to play his part in the deliberations on pathways towards secure, inclusive, and affordable energy systems, tackling critical challenges such as decarbonisation, investment security and industrial transformation.
Looking forward to meeting old friends and making new ones! See you in Goa, if you can make it! More to follow. Keep reading, keep it here, keep it 'crude'!
Monday, January 19, 2026
Media missives from WFES 2026
Yours truly hosted pivotal industry panel sessions and fireside chats at the event on subjects ranging from hydrogen to green bonds.
This blogger also wrote plenty of missives via the keyboard for Forbes, and of course this blog.
All blog entries for WFES 2026 are below:
- WFES 2026 sessions to be hosted by yours truly
- WFES Day I: Kick-off after ADSW opening ceremony
- WFES Day II: Nexus of Next at ADSW
- WFES Day III: Talking green bonds & more on final day
And here are selected Forbes copies in chronological order based on soundbites and insights from the event:
- ‘Artificial’ Intelligence Craves ‘Actual’ Energy, Says Masdar Chairman, January 13, 2025
- Middle East Set For High Renewable Energy Capacity Growth By 2040, January 14, 2025
- UAE’s Masdar Raising Green Finance On An ‘Industrial Scale’, Says CFO, January 19, 2025.
That's a wrap for this year's WFES. More musings to follow soon. Keep reading, keep it here, keep it 'crude'!
Thursday, January 15, 2026
WFES Day III: Talking green bonds & more on final day
On the latter point, yours truly kicked off the event's green finance discussion in the day's first fireside chat with Mazin Khan, Chief Financial Officer of Masdar.
In his opening remarks ahead of the fireside chat, Khan set the stall for the efficacy of green bonds as a financial instrument to enable the transition and bring about change in hard-to-abate sectors.
The Masdar CFO also shared the experience of his company on its issuances of green bonds and how they continue to play a key role in making it the UAE's renewables champion.
Following the opening remarks, yours truly and the Masdar executive had a wide-ranging fireside chat touching on how green bonds improve transparency, drive resource efficiency, enhance governance, and, of course, signal a commitment to the cause of lowering carbon emissions.We also discussed how green bonds were now mainstream and issuances of 100-years maturities - indicative of an ultra long-term commitment - are no longer the novelty headline grabbers like they used to be, but rather routine.
Additionally, Khan also touched on the incentives for issuing green bonds ranging from attracting a wider investor base to enhancing corporate reputation. They also form part of the wider agenda that encourages the development of regulatory frameworks supportive of the green finance industry.
As of mid-2025, Masdar has raised $2.75 billion via its own green bond issuance programme, and Khan's concluding verdict was that the future of the green bonds remains bright with the global market only expected to get bigger.Away from the fireside chat, the Oilholic also joined the thousands who attended the event for a visit to its exhibition floor on its final day, as the conclusion of Abu Dhabi Sustainability Week approached.
The event saw over 41,000 visitors from 114 countries and 455 exhibiting companies from 60 countries. It was also a great place to network and gain the latest energy industry insights. And on that note, its time to bid goodbye.
As always, it has been a memorable and insightful time out here in Abu Dhabi for ADSW and WFES. More musings to follow soon. Keep reading, keep it here, keep it 'crude'!
Wednesday, January 14, 2026
WFES Day II: Nexus of Next at ADSW
It's here that the forces shaping the transformation of the global energy system appear to be on full display covering all facets from technology to infrastructure, ideas for capital investment to future concepts.
Bringing all of these facets to the foreground at the hub were over 70 startups translating breakthrough ideas into commercially viable solutions they appear to be pitching to the world. Of particular significance was an AI pavilion with over 30 companies embedding intelligence across generation, grids and demand.
For the energy sector, AI is no longer an enabling tool - it is quite simply becoming a core infrastructure play.Today, AI-driven optimisation can improve asset performance by up to 30%, while advanced forecasting and control systems are redefining how grids operate, balance risk and absorb variability.
At the same time, it was observed at WFES 2026 that global investment in clean and intelligent energy start-ups now exceeds $50 billion annually, with capital flowing fastest into AI-enabled systems, hydrogen, storage and digital resilience. The good folks at the summit and the wider Abu Dhabi Sustainability Week family, as well as the hosts Masdar call it the “Nexus of Next: All Systems Go.”
This in their words is "a theme to life by reflecting a clear strategic reality: the next phase of energy systems transformation will be driven not by standalone technologies, but by integrated, intelligent, and secure systems designed to perform together, investable at scale, and ready for deployment."
As the second day progressed, 59 sessions across various WFES and ADSW content streams discussed the very forces shaping tomorrow, alongside discussions on energy transition economics and technologies.The discussion slants ranged from challenges and opportunities to capital investment and policy frameworks.
The Oilholic got his summit speaking engagements underway by moderating two panels on the clean energy track. The first of these was on the subject of PV-battery storage.
The panellists (see above) included Syed Ali Gilani, Planning and Energy Markets Director, Department of Energy Abu Dhabi, Jad Abdel Masri, Senior Director, Group Supply Chain and Procurement, Masdar, Dr. Thi Minh Phuong Nguyen, Battery Storage Systems Expert, MAI Group, Mike Sronce, Managing Director and Vice President, Sargent & Lundy and Mohammad Al Natour, Managing Director, SMA Solar Technology.
We explored the economic drivers of grid-connected battery storage, deployment hurdles, and policy enablers positioning large-scale storage as the backbone of a clean energy future.The second panel touched on financing hydrogen and the innovative mechanisms that could be deployed to unlock capital in the segment.
The panellists for this session included (see below) Dr Dimitrios Dimitriou, Group Vice President of ESG and Sustainability, EMSTEEL Group, Cornelius Matthes, CEO, Dii Desert Energy, Siddharth Malik, Managing Partner, Green Investors, Dan Feldman, Global Head of Energy, King & Spalding and Santosh Raikar, Managing Partner, Silverpeak.
Apart from discussing innovative financing structures, we also touched on risk mitigation strategies to instil investor confidence and secure guarantees necessary to scale hydrogen infrastructure.
Elsewhere at WFES, attendees got to hear about the natural path of progression of renewable energy in the Middle East which is being led by the UAE. It appears the nation's renewable energy capacity is on track for a tenfold increase by 2040.And it is quite simply serving as a beacon for its peers with a pragmatic blend of traditional with renewable energy. Here's yours truly's feature on Forbes on the subject.
Well that's all for now folks. More musings to follow as the event and the week enter their home stretch tomorrow. Keep reading, keep it here, keep it 'crude'!
Tuesday, January 13, 2026
WFES Day I: Kick-off after ADSW opening ceremony
Before formal proceedings began, the attendees including were treated to an opening ceremony marked by cultural performances.
The performances were followed by a keynote address from Dr. Sultan Ahmed Al Jaber, UAE’s Minister of Industry and Advanced Technology, Chairman of the country’s international renewable energy company Masdar, and CEO of ADNOC.
In his remarks, Al Jaber called for pragmatic thinking on the energy mix, innovation, harnessing the power of artificial intelligence and continued investments in renewable energy and cleantech. Here is your truly's latest Forbes missive touching on it.
The morning's proceedings also included the Zayed Sustainability Prize awarding ceremony. The prizes were handed out in various categories. These included the energy category prize, which went to Switzerland's BASE. It is a specialized partner of the United Nations Environment Programme, that offers "Cooling as a Service" or CaaS in emerging markets.
BASE's innovative business model enables a diverse range of end users of cooling systems to base their decisions on life-cycle costs rather than on the purchase price of cooling equipment. (If interested, read more about them here.)The conclusion of the awards ceremony marked the mid-morning start of the summit with a packed agenda.
Two of the world's most pressing topics - AI and climate change - took centerstage at the Envision Global Technology Day, with a discussion in how technology is reshaping the future of global energy systems.
Tuesday, January 06, 2026
WFES 2026 sessions to be hosted by yours truly
As Abu Dhabi Sustainability Week week approaches, the Oilholic is looking forward to moderating panels and fireside chats at the World Future Energy Summit (January 13 to 15), an event being hosted by Masdar (Abu Dhabi Future Energy Company) as part of the week-long ADSW proceedings covering vital topics across the energy spectrum.
The event will bring together global visionaries, leaders and technical experts. Yours truly can't wait to get started. Here are the details of the sessions:
Wednesday, January 14, ADNEC Hall 4, Stage 3 @ 11:40 GST
The PV-battery storage tipping point
This panel will explore the economic drivers of grid-connected battery storage, deployment hurdles, and policy enablers positioning large-scale storage as the backbone of a clean energy future. Fellow panellists include:
- Syed Ali Gilani, Planning & Energy Markets Director, Department of Energy Abu Dhabi
- Jad Abdel Masri, Senior Director, Group Supply Chain & Procurement, #Masdar
- Dr. Thi Minh Phuong Nguyen, Battery Storage Systems Expert, MAI Group
- Mike Sronce, Managing Director & Vice President, Sargent & Lundy
- Mohammad Al Natour, Managing Director, SMA Solar Technology
Wednesday, January 14, ADNEC Hall 4, Stage 3 @ 15:55 GST
Financing hydrogen: Innovative mechanisms to unlock capital
This panel will explore innovative financing structures and risk mitigation strategies to instil investor confidence and secure guarantees necessary to scale hydrogen infrastructure. Fellow panellists include:
- Dr Dimitrious Dimitriou, Group Vice President of ESG & Sustainability, EMSTEEL Group
- Cornelius Matthes, CEO, Dii Desert Energy
- Siddharth Malik, Managing Partner, Green Investors AG
- Dan Feldman, Global Head of Energy, King & Spalding
- Santosh Raikar, Managing Partner, Silverpeak
Thursday, January 15, ADNEC Hall 7, Stage 4 @ 10:15 GST
Green bonds and beyond: Innovative financing instruments to accelerate the energy transformation
- A fireside chat with Mazin Khan, CFO of Masdar
Join the Oilholic in Abu Dhabi next week if you can! More to follow. Keep reading, keep it here, keep it 'crude'!




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