https://www.spglobal.com/energy/en/news-research/latest-news/agriculture/040926-infiniums-project-atlas-wins-saba-next-generation-saf-procurementUS based e-fuels producer Infinium has secured a major offtake award for its Project Atlas development after being selected by the Sustainable Aviation Buyers Alliance under its next-generation sustainable aviation fuel procurement program. The project will supply SAF certificates (SAFc) to SABA's corporate buyers, marking a key step in advancing next-generation fuel pathways and unlocking09 April 2026 14:57:57 GMTSamyak Pandey ]]>https://www.spglobal.com/energy/en/news-research/latest-news/lng/040926-ec-eyeing-country-level-standard-for-eu-methane-regulationThe European Commission is closing in on recommendations for compliance and penalties under the European Union's methane emissions regulation amid sustained frustration from market participants ahead of a 2027 regulatory deadline when tighter legal requirements begin, the EU's director-general for energy, Ditte Juul Jorgensen, said April 9 at the Eurogas Methane Emissions Conference in Brussels.09 April 2026 15:14:45 GMTMatt Hoisch ]]>https://www.spglobal.com/energy/en/news-research/latest-news/natural-gas/032626-ceraweek-natural-gas-industry-sees-narrow-window-for-us-permitting-reformNatural gas industry groups expressed optimism that US permitting reform legislation could be passed in the coming months, but stressed there is a narrow window for progress. "I'm actually bullish on it, I think we are going to see it," Marty Durbin, president of the US Chamber of Commerce's Global Energy Institute, said on the sidelines of CERAWEEK by S&P Global on March 25. "I'm not betting the26 March 2026 22:16:27 GMTKillian StainesZack Hale ]]>https://www.spglobal.com/energy/en/news-research/latest-news/electric-power/040926-washington-declares-statewide-drought-emergency-snowpack-half-of-normalWashington has declared a statewide drought emergency, driving up wholesale spot power prices, after starting April with roughly half of its normal snowpack. A warm winter left Washington mountains bare, leading to projections that water supplies will fall short of the state's summer demand, the Washington Department of Ecology announced April 8. This is the fourth statewide drought emergency09 April 2026 19:51:20 GMTKassia Micek ]]>https://www.spglobal.com/energy/en/news-research/blog/electric-power/040926-ceraweek-2026-power-systems-emerge-as-an-energy-security-priorityEnergy security has shifted from a competitive advantage to a critical requirement as CERAWeek 2026 revealed a fundamental transformation in global power systems.09 April 2026 12:35:49 GMTPatrick Luckow ]]>https://www.spglobal.com/ratings/en/regulatory/article/middle-east-conflict-gcc-downstream-sectors-brace-for-broader-impact-s101678714This report does not constitute a rating action. The war in the Middle East has led to limited shipping activity passing through the Strait of Hormuz since the end of February. Some export-oriented chemical plants in the Persian Gulf have also announced closures. Because about 20% of global crude flow and about 20% of global liquefied natural gas (LNG) passes through the Strait daily, the disruption has directly affected oil and gas flows worldwide. In our view, the prolonged closure will also d09 April 2026 06:19:36 GMThttps://www.spglobal.com/ratings/en/regulatory/article/asiapacifics-energy-flows-and-gaps-in-10-charts-s101678160This report does not constitute a rating action. Asia-Pacific faces a growing energy shock that reserves can only partly absorb. Heavy reliance on Middle East imports and tight regional linkages are amplifying risks. Disruptions in crude and refined fuels could hit manufacturing and trade hard. End-user prices will likely climb, compounding inflationary pressures. Weaker currencies and high costs will fuel higher inflation, strain growth, and force difficult policy trade-offs across unevenly exp09 April 2026 01:41:54 GMThttps://www.spglobal.com/energy/en/news-research/latest-news/energy-transition/040826-brazil-renewables-market-divided-about-ghg-protocol-updateRevising the global Greenhouse Gas protocol to require the matching of hourly energy consumption and generation has divided generators and consumers in Brazil, with some believing such a change could hamper the country's renewables market. The proposed stricter rule is causing concern among those in the Brazilian energy sector who fear it could reduce adherence to emission standards and trading of08 April 2026 21:21:58 GMTFelipe PeroniBeatriz Baltieri ]]>https://www.spglobal.com/energy/en/news-research/latest-news/energy-transition/040826-japans-gx-ets-mandatory-phase-begins-demand-muted-as-companies-await-allocation-clarityOne week after Japan's Green Transformation Emissions Trading Scheme (GX-ETS) entered its mandatory phase, trading activity in J-Credits and Joint Crediting Mechanism units remains absent -- particularly on the exchange -- as covered entities continue to delay compliance positioning amid ongoing uncertainty over free allowance allocations and banking rules. Mandatory in name, transitional in08 April 2026 05:08:11 GMTAliana zulaika Yeong ]]>https://www.spglobal.com/ratings/en/regulatory/article/industry-credit-outlook-gcc-central-banks-relief-measures-will-help-banks-navigate-the-current-turbulence-s101675849This report does not constitute a rating action. S&P Global Ratings expects the war's intensity will peak and the Strait of Hormuz's effective closure will ease during April, but some disruptions are likely to persist for months. Within this context and considering the potential implications of the operating environment on banks' liquidity and asset quality, three regional central banks announced measures to help their banking systems cope, focusing primarily on banks' liquidity, capitalization,08 April 2026 17:12:14 GMThttps://www.spglobal.com/market-intelligence/en/news-insights/research/2026/04/us-power-renewables-ma-asset-valuationElevated M&A activity in US power and renewables is reshaping asset valuations. Learn how buyers are assessing gas and renewable assets—and how Power Evaluator supports deal analysis.07 April 2026 06:30:00 GMThttps://www.spglobal.com/market-intelligence/en/news-insights/research/2026/04/oil-price-shocks-are-testing-resilience-across-methodologies-among-sp-smallcap-600-indicesThe war in the Middle East and the subsequent surge in oil prices have been key drivers of volatility across U.S equity segments as inflation expectations risk de-anchoring. 09 April 2026 06:30:00 GMTPatricia Medinahttps://www.spglobal.com/energy/en/news-research/blog/energy-transition/040826-et-highlights-political-europe-carbon-policy-hydrogen-us-biochar-market-water-scarcityEnergy transition highlights: Our editors and analysts bring you the biggest stories from the industry this week, from renewables to storage to carbon prices.07 April 2026 20:05:00 GMTStaff https://www.spglobal.com/energy/en/news-research/latest-news/electric-power/040726-us-eia-trims-2026-us-spot-gas-price-forecasts-on-near-average-storage-expectationThe US Energy Information Administration on April 7 again trimmed its natural gas spot price forecast for the second and third quarters of 2026, saying that it expects Henry Hub prices to remain closely aligned to the year-ago quarters, with inventories remaining near average. The agency, in its April Short-Term Energy Outlook, forecast that Q2 Henry Hub spot gas prices will average $3.01/million07 April 2026 21:33:09 GMTRonnie TurnerMaya Weber ]]>https://www.spglobal.com/energy/en/news-research/latest-news/energy-transition/040726-interview-hourly-matching-as-a-key-mechanism-for-long-term-energy-security-says-renewabl-ceoThe need to transition toward more traceable and localized renewable energy sources is becoming increasingly apparent, with the Middle East conflict further highlighting this need, JP Cerda, CEO of Renewabl, told Platts, part of S&P Global Energy, in a recent interview. "The Middle East conflict has raised issues of sovereignty and energy security, which hourly matching and Energy Attribute07 April 2026 15:53:24 GMTJuliet Stevenson BrownAlice MasonToby Lambert ]]>https://www.spglobal.com/energy/en/news-research/latest-news/refined-products/040726-tokyo-to-expand-subsidy-program-for-domestic-saf-producersThe Tokyo Metropolitan Government will expand its subsidy program for regional producers of domestic sustainable aviation fuel to increase the supply and refueling opportunities of domestic SAF at Haneda Airport in Tokyo, the Tokyo government said on its website on April 6. The program financially supports producers in Tokyo by up to Yen 100/liter ($0.63/l) for the price difference between07 April 2026 10:07:37 GMTAkihiro Gotoda ]]>https://www.spglobal.com/energy/en/news-research/latest-news/energy-transition/040726-brussels-confirms-first-cbam-certificate-price-for-q1-2026-at-eur7536mtco2eThe first quarterly price for the EU's Carbon Border Adjustment Mechanism certificates was set at Eur75.36/metric tons of CO2 equivalent, establishing the carbon cost that importers will face for goods brought into the EU during Q1 2026, the European Commission said April 7. The price reflects the average closing price of EU Emissions Trading System allowances auctioned during January-March 202607 April 2026 13:15:49 GMTEklavya Gupte ]]>https://www.spglobal.com/ratings/en/regulatory/article/credit-trends-australian-governments-in-brief-oil-crisis-to-test-resolve-s101678326This report does not constitute a rating action. The Iran war-induced spike in oil and gas prices is denting our Australian growth forecasts. Australia (AAA/Stable/A-1+), which imports most of its refined fuel, faces supply-chain disruptions as trading partners may seek to hoard fuel. Higher spending could exacerbate inflation and cause ratings pressure for state governments. The effective closure of the Strait of Hormuz and subsequent fuel shock have triggered political pressure in Australia. I07 April 2026 02:42:14 GMThttps://www.spglobal.com/en/research-insights/special-reports/ai-needs-solar-wind-sustainability-energy-autonomyAI demand is elevating renewables as Big Tech drives massive clean energy procurement, even amid policy rollbacks, with security concerns and new regulations adding further momentum.07 April 2026 13:00:00 GMTTony LenoirAdam Wilsonhttps://www.spglobal.com/ratings/en/regulatory/article/credit-faq-lng-perspectives-from-our-ceraweek-meetings-s101678404This report does not constitute a rating action. More than 10,000 energy executives and policymakers from over 80 countries attended the 2026 CERAWeek conference to discuss geopolitics, AI, electrification, and the increasing convergence and tension between policy ambitions and real-world constraints. Here, we present insights from the meetings we had with leadership teams at a few liquefied natural gas (LNG) companies. U.S gas prices and LNG issuers credit quality are largely unaffected by the 02 April 2026 13:55:16 GMThttps://www.spglobal.com/ratings/en/regulatory/article/credit-faq-how-we-assess-the-effect-of-counterparty-risk-on-midstream-companies-credit-quality-s101668276This report does not constitute a rating action. The rise of AI, with its insatiable need for power and energy infrastructure, is spurring growth across the regulated and unregulated power industry. It is also providing new opportunities for natural gas-focused midstream companies to expand their asset base. Whether a midstream company decides to provide a connection to a regulated downstream utility or perhaps bypass the power grid and fund a pipeline expansion directly to a data center or hype03 March 2026 15:56:02 GMThttps://www.spglobal.com/ratings/en/regulatory/article/war-in-the-middle-east-risks-and-opportunities-for-global-infrastructure-s101674866This report does not constitute a rating action. The war in the Middle East has a range of implications for S&P Global Ratings’ portfolio of rated infrastructure assets around the world. The effects on an entity’s credit standing will vary according to where assets are located, the contractual and regulatory framework under which the entity operates, and on the duration, scope, and severity of the war. The war in the Middle East has increased the level of risk for critical GCC infrastructure16 March 2026 14:31:26 GMThttps://www.spglobal.com/ratings/en/regulatory/article/what-the-war-in-the-middle-east-could-mean-for-rated-european-airports-s101673746S&P Global Ratings believes there is a high degree of unpredictability around the duration and scale of the Middle East war, and its potential effect on commodity prices, supply chains, economies and credit conditions. As a result, our baseline forecasts carry a significant amount of uncertainty. As situations evolve, we will gauge the macro and credit materiality of potential shifts and reassess our guidance accordingly. This report does not constitute a rating action. The outbreak of war in th06 March 2026 15:23:32 GMThttps://www.spglobal.com/energy/en/news-research/latest-news/energy-transition/033126-water-scarcity-infrastructure-gaps-threaten-central-asia-hydrogen-plansCentral Asia's ambitious plans to develop a low-carbon hydrogen industry are facing mounting challenges as water scarcity, infrastructure deficits and unclear export routes undermine investor confidence and project viability, industry experts told Platts, part of S&P Global Energy. Kazakhstan's goal to produce more than 2 million metric tons per year of low-carbon hydrogen is becoming increasingly31 March 2026 11:03:16 GMTVladislav Vorotnikov and James Burgess ]]>https://www.spglobal.com/energy/en/news-research/latest-news/energy-transition/040626-interview-indias-kandla-port-eyes-mid-2028-start-for-emethanol-bunkeringIndia's Deendayal Port Authority is positioning Kandla as a competitive bunkering hub by mid-2028, targeting a cost of $700-$750/mt for Renewable Fuel of Non-Biological Origin-compliant eMethanol, significantly below current prices, according to DPA chairman Sushil Kumar Singh. DPA has firmed up plans with Assam Petro-chemicals and Thermax to produce renewable methanol at Kandla, while06 April 2026 12:48:47 GMTRuchira Singh ]]>https://www.spglobal.com/energy/en/news-research/latest-news/agriculture/040326-global-food-prices-rise-in-march-across-basket-amid-middle-east-energy-shocksGlobal food prices rose for the second consecutive month in March, with energy-driven cost pressures linked to the escalating Middle East conflict feeding through into vegetable oil and sugar markets, according to the Food and Agriculture Organization April 3. The FAO Food Price Index averaged 128.5 points in March, up 2.4% month over month, as all major commodity groups, including cereals, meat,03 April 2026 10:50:43 GMTSamyak Pandey ]]>https://www.spglobal.com/energy/en/news-research/podcasts/commodities-focus/040626-in-brazils-fast-growing-i-recs-market-what-challenges-and-opportunities-lie-aheadWith one of the world's largest shares of renewables in its energy generation mix, Brazil offers opportunities for companies in the country seeking to reduce their emissions. In this episode, we discuss how the country has developed a large supply of International Renewable Energy Certificates, or I-RECs, and which challenges came with it. Join Felipe Peroni, associate price reporter at S&P Global06 April 2026 16:06:14 GMTFelipe PeroniVittoriaelena Morini ]]>https://www.spglobal.com/energy/en/news-research/latest-news/energy-transition/040226-infographic-brazilian-i-rec-sector-grows-sharply-risks-excess-supplyBrazil's supply of International Renewable Energy Certificates has shown significant growth over the last five years, with one of the world's largest renewable energy matrices. I-RECs are globally used instruments that certify that the generation of 1 megawatt-hour of electricity comes from a renewable source, such as a solar, wind, biomass or hydroelectric power plant. They provide a credible way02 April 2026 17:15:51 GMTFelipe Peroni ]]>https://www.spglobal.com/energy/en/news-research/latest-news/lng/040126-interview-indias-hydrogen-sector-sees-exciting-growth-amid-hurdles-execThe hydrogen and ammonia sector in India is developing at an "exciting" pace, reflecting the government's efforts to promote green molecules as it advances its energy transition. However, some hurdles remain, Hydrogen Association of India Vice President Sachin Chugh told Platts, part of S&P Global Energy. "The picture looks very fascinating, with a rider ... To sustain this momentum, we must01 April 2026 09:27:47 GMTSurabhi SahuRuchira Singh ]]>https://www.spglobal.com/energy/en/news-research/latest-news/agriculture/040326-saf-scale-up-faces-financing-execution-hurdles--biomass-conference-panelFinancing constraints, infrastructure limitations, and evolving policy frameworks continue to challenge the scale-up of sustainable aviation fuel, even as global demand signals strengthen, said speakers at the Biomass Conference & Expo held March 31-April 2 in Nashville, Tennessee. At "The Real-World Challenges of Scaling Sustainable Aviation Fuel," panel participants said a large gap remains03 April 2026 23:02:37 GMTSofia Cabrera ]]>https://www.spglobal.com/ratings/en/regulatory/article/secondary-markets-software-loan-prices-close-march-higher-despite-broad-based-decline-s101678608This report does not constitute a rating action. It has been a turbulent start to the year for markets globally, and the loan market has been no exception. Over the first three months of the year, investors and borrowers faced several unexpected headwinds, including the Middle East war, rapid developments in AI that potentially threaten to disrupt the business models of a subsect of corporate borrowers, and uncertain trade policy. Even so, secondary pricing in the broadly syndicated loan (BSL) m02 April 2026 17:56:14 GMThttps://www.spglobal.com/energy/en/news-research/podcasts/commodities-focus/031826-decarbonizing-indias-industrial-power-sectors-challenges-and-road-mapsIndia's greenhouse gas emissions in the industrial and power sectors are expected to rise in the decades to come, necessitating an examination of strategies deployed for energy transition in these crucial segments. Though steps have been initiated to help reduce emissions, a bespoke, sector-specific decarbonization road map over a multiyear timeframe can help guide this journey. Join Amit Sharma,18 March 2026 09:32:50 GMTRuchira SinghStaff ]]>https://www.spglobal.com/market-intelligence/en/news-insights/research/2026/04/picture-this-uk-revises-import-safeguard-measures-as-part-of-steel-supply-chain-strategyThe UK joins the US, the EU, India and others in updating its steel tariffs and implementing new safeguard measures and wider trade controls.03 April 2026 12:45:00 GMThttps://www.spglobal.com/energy/en/news-research/latest-news/energy-transition/033126-interview-paradeep-phosphates-considering-buying-more-renewable-ammonia-executiveIndian fertilizer company Paradeep Phosphates is considering increasing its procurement of domestic renewable ammonia to strengthen raw material security amid the Middle East war, which has brought imports of conventional ammonia to a halt, a company executive told Platts, part of S&P Global Energy, March 30. Paradeep Phosphates was among five fertilizer companies that signed agreements on March31 March 2026 14:25:49 GMTRuchira Singh ]]>https://www.spglobal.com/energy/en/news-research/latest-news/agriculture/040326-interview-rising-diesel-costs-squeeze-malaysian-biofuel-feedstock-logisticsRising diesel prices, driven higher by conflict in the Middle East, are increasing logistics costs and complicating the collection of palm oil mill effluent and used cooking oil for biofuel feedstock exports, Malaysian feedstocks supplier Gamalux Sdn Bhd's Chief Commercial Officer Amila Kamarudin told Platts, part of S&P Global Energy, in an interview. Transporters have increased quotes by 40% to03 April 2026 04:27:29 GMTAditya KondalamahantyCk Quick ]]>https://www.spglobal.com/market-intelligence/en/news-insights/research/2026/04/regional-supply-chain-exposures-middle-east-conflictConflict in the Middle East is causing significant damage to supply chains across energy, transport, food and manufacturing after price rises linked to concerns about shortages.02 April 2026 17:00:00 GMThttps://www.spglobal.com/ratings/en/regulatory/article/global-credit-conditions-q2-2026-narrow-strait-broad-implications-s101678271We expect credit conditions to weaken in the next 12 months. We believe the war in the Middle East may be the catalyst that finally pushes the credit cycle--and the prolonged favorable financing conditions--to turn. The duration of the war will determine whether the deterioration is contained or broad. Even if the effective closure of the Strait of Hormuz eases in the coming weeks, the conflict to-date has neutralized expected upside pressures to growth.31 March 2026 19:50:14 GMThttps://www.spglobal.com/ratings/en/regulatory/article/scenario-analysis-how-the-oil-price-shock-could-affect-sovereign-ratings-in-cee-and-turkiye-s101677706This report does not constitute a rating action. The seven economies covered in this report--the Czech Republic, Hungary, Poland, Romania, Slovakia (CEE5), Serbia, and Turkiye--represent a combined GDP of about $4 trillion, an economy roughly the size of Japan. CEE economies have outsized manufacturing sectors, which is partly why their energy intensity of GDP is 19% higher than the EU average. For the same reason, energy and utilities account for a larger share in domestic consumer and producer01 April 2026 15:27:57 GMThttps://www.spglobal.com/ratings/en/regulatory/article/how-will-the-middle-east-war-affect-the-insurance-sector-s101675506This report does not constitute a rating action. The recent escalation of the Middle East war introduces geopolitical instability with potential long-lasting effects on commodities, financing conditions, global supply chains, and macro-credit conditions, depending on the duration and scale of the war. S&P Global Ratings' base case for the Middle East war assumes that elevated hostilities will persist into early April, with the Strait of Hormuz facing material disruptions. We continue to recogniz02 April 2026 07:59:06 GMThttps://www.spglobal.com/energy/en/news-research/special-reports/energy-transition/2026-trends-in-data-center-services-infrastructureDiscover the ten key trends that 451 Research analysts anticipate across data center services and infrastructure in 2026.23 January 2026 11:26:00 GMThttps://www.spglobal.com/energy/en/news-research/podcasts/energycents/040226-return-of-thecrux-ob3-and-tax-creditsCo-founder and CEO of Crux, Alfred Johnson, returns to EnergyCents and hosts Hill Vaden and Sam Humphreys to catch up on what has been happening in the US tax credit space since the introduction of the One Big Beautiful Bill Act at the end of 2025. They discuss the uncertainties companies have faced at the end of 2025 and how things are moving forward into 2026. Find out more about Crux at:02 April 2026 10:17:28 GMTSamantha HumphreysHill Vaden ]]>https://www.spglobal.com/en/research-insights/podcasts/leaders/goldman-sachs-from-intern-to-international-co-ceoJoe Cass sits down with Kunal Shah, Co-CEO of Goldman Sachs International & Global Co-Head of FICC, to unpack the surprising story behind becoming one of the firm’s youngest-ever Managing Directors at 27—and what that experience taught him about performance, mentorship, and taking the right risks at the right time.01 April 2026 13:30:00 GMTJoseph Casshttps://www.spglobal.com/energy/en/news-research/podcasts/energycents/040126-contracted-offtake-us-clean-energy-procurement-set-for-evolution-as-market-maturesPower Purchase Agreements, or PPAs, contractually guarantee revenues to power-generation projects for a fixed number of years and have underwriten the boom in renewable electricity development. The US tech sector dominated PPA activity in 2025 as it seeks to increase installed generation capacity in North America and maintains prior commitments to net-zero pledges. S&P Global Energy Experts Bruno01 April 2026 15:22:18 GMTSamantha HumphreysHill Vaden ]]>https://www.spglobal.com/ratings/en/regulatory/article/spains-solar-boom-some-producers-at-risk-utilities-protected-s101627699This report does not constitute a rating action. The increasing penetration of solar energy in Spain is transforming the country's electricity system. Rapid growth in solar production has led to excess electricity generation and low solar prices. S&P Global Ratings expects this trend to only intensify. Even if the Middle East war eases the downward pressure on Spanish solar capture prices in 2026, the market will remain fundamentally oversupplied. We anticipate low solar capture prices of close 26 March 2026 16:58:15 GMThttps://www.spglobal.com/energy/en/news-research/blog/energy-transition/040126-et-highlights-low-carbon-feuel-energy-security-market-cement-decarbonizationEnergy transition highlights: Our editors and analysts bring you the biggest stories from the industry this week, from renewables to storage to carbon prices.31 March 2026 20:05:00 GMTStaff https://www.spglobal.com/energy/en/news-research/latest-news/natural-gas/033126-feature-low-gas-storage-lng-disruption-to-test-european-resilience-in-q2As the Middle East war bleeds into a second month, unprecedented disruptions to global LNG supply, low gas storage levels, and geopolitical uncertainty have primed the European gas market for a potentially tumultuous second quarter. The conflict continues to choke transit through the Strait of Hormuz, cutting off roughly 20% of the world's LNG supply from international buyers. Even if fighting31 March 2026 10:24:22 GMTAndreas FrankeEklavya GupteMatt Hoisch ]]>https://www.spglobal.com/energy/en/news-research/latest-news/electric-power/032626-ceraweek-executives-say-utilities-preparing-for-more-extreme-weatherUS utilities are having to prepare for extreme weather in ways they've never thought of before, from more devastating wildfires in the West to increased flooding and more hurricanes in the Southeast, executives said March 26. At the same time, utilities are also facing the challenge of meeting increased electrification and rapid demand on the electrical system while keeping power reliable and26 March 2026 19:12:46 GMTKassia Micek ]]>https://www.spglobal.com/ratings/en/regulatory/article/ceraweek-sheds-light-on-six-energy-infrastructure-trends-s101677716This report does not constitute a rating action. Between March 23 and March 27, 2026, more than 10,000 energy executives and policymakers from over 80 countries discussed geopolitics, AI, electrification, and the increasing tension between policy ambition and real-world constraints. The message was clear: Despite uncertainty, investment needs in energy infrastructure will continue to rise to meet increasing energy demand, ensure security of supply, and strengthen system resilience. We identified30 March 2026 16:09:11 GMThttps://www.spglobal.com/ratings/en/regulatory/article/executive-comment-sector-update-insights-from-power-sector-ceos-at-ceraweek-s101677919This report does not constitute a rating action. More than 10,000 energy executives and policymakers from over 80 countries attended the 2026 CERAWeek conference to discuss geopolitics, AI, electrification, and the increasing convergence and tension between policy ambitions and real-world constraints. In this commentary, we present power sector CEO insights. For our views on the broader themes at the conference, please see “ CERAWeek Sheds Light On Six Energy Infrastructure Trends ,” publish30 March 2026 19:46:06 GMThttps://www.spglobal.com/ratings/en/regulatory/article/credit-cycle-indicator-q2-2026-the-middle-east-war-could-accelerate-credit-deterioration-s101677494This report does not constitute a rating action. S&P Global Ratings' Credit Cycle Indicators (CCIs) monitor buildups and corrections in leverage and asset prices over the medium term, as well as financing conditions. They do not directly capture or predict shifts in government policies, geopolitics, or trade, which are heightened risk factors in the global economy today. Nevertheless, we use these tools to gauge developments and turning points in the credit cycle as part of our holistic analysis31 March 2026 09:23:53 GMThttps://www.spglobal.com/energy/en/news-research/blog/crude-oil/033126-ctracker-crude-asia-aluminum-soybean-lng-saf-renewable-diesel-brazil-chinaAsian refiners shift to US crude amid war in the Middle East, while aluminum costs in Japan rise on production constraints. Meanwhile, Brazil solidifies its position as the dominant soybean producer amid US-China trade tensions.31 March 2026 12:39:52 GMTStaff ]]>https://www.spglobal.com/ratings/en/regulatory/article/austrian-electricity-and-gas-preliminary-regulatory-advantage-assessment-strong-s101670252This report does not constitute a rating action. Table 1 Austrian electricity and gas network operators Regulator E-Control Key players Electricity TSOs Austrian Power Grid AG, fully owned by Verbund AG, is the main nationwide TSO operating 7,000 kilometers (km) of lines and covering eight of the nine federal states including Tyrol. Vorarlberger Übertragungsnetz GmbH operates an electricity and gas transmission network in the westernmost state of Vorarlberg. Gas TSOs Gas Connect Austria GmbH (G26 March 2026 13:46:08 GMThttps://www.spglobal.com/energy/en/news-research/special-reports/energy-transition/horizons-top-cleantech-trends-2026Discover 2026’s top energy trends: AI-driven power demand, China’s cleantech dominance, grid modernization needs, and the future of global carbon accounting.09 December 2025 00:09:00 GMThttps://www.spglobal.com/ratings/en/regulatory/article/japans-power-industry-recovers-momentum-10-years-after-liberalization-s101672328This report does not constitute a rating action. Japan's power industry has favorable momentum. Future power policy will center on stable electricity supply, prices, and decarbonization. In tandem, institutional treatments and support are likely to increase. Regulatory changes are afoot that could impact the industry. April 2026 marks 10 years since Japan's full retail market liberalization, one of the key facets of its regulatory framework reform. In December 2025, the government presented its 26 March 2026 06:57:33 GMThttps://www.spglobal.com/ratings/en/regulatory/article/sustainability-insights-climate-transition-trends-real-estate-faces-concrete-challenges-to-decarbonizing-s101675864This report does not constitute a rating action. In this report, S&P Global Ratings applies its CTA approach (see " Analytical Approach: Climate Transition Assessments ," May 29, 2025) to estimate the Shade of Green for a global sample of 63 real estate companies, including REITs, real estate operating and management (REOMs), and diversified real estate. The business activities encompassed by this sample include real estate development and operations. We selected a sample of real estate operator26 March 2026 12:13:21 GMThttps://www.spglobal.com/energy/en/news-research/latest-news/agriculture/033026-ineratec-tertu-form-jv-to-build-france-e-fuels-plant-amid-eu-saf-demand-pushGerman cleantech firm INERATEC and France-based TERTU have formed a joint venture to develop a synthetic fuel production plant in Normandy, targeting startup by 2029 as Europe accelerates efforts to scale sustainable aviation fuel supply. The joint venture, T.H2, will develop the "BELair" project near Caen, converting locally sourced wood residues into synthetic fuels, including e-SAF and30 March 2026 17:20:05 GMTSamyak Pandey ]]>https://www.spglobal.com/market-intelligence/en/news-insights/podcasts/private-markets-360/private-markets-360-episode-40-resilient-growth-shifting-capital-macro-signals-for-private-markets-in-2026In this episode of Private Markets 360°, we take a deep dive into the macro signals shaping private markets in 2026 with Nicholas Brooks, Head of Economic and Investment Research at ICG. Nicholas brings a thoughtful, data-driven perspective on where global private markets may be headed, sharing insights on resilience, risk, and developments across regions and asset classes. 31 March 2026 04:00:00 GMTChris SparenbergChristina Christinahttps://www.spglobal.com/energy/en/news-research/podcasts/energy-evolution/033126-political-pressure-mounts-on-europes-flagship-carbon-policyThe EU Emissions Trading System is facing its greatest test yet. European leaders and companies are sounding the alarm, warning that high carbon prices are undermining the bloc's industrial competitiveness and threatening to drive manufacturing offshore. In this episode of Energy Evolution, host Eklavya Gupte examines what's driving the turbulence in Europe's carbon market and what it means for31 March 2026 10:37:09 GMTEklavya GupteIrina Breilean ]]>https://www.spglobal.com/energy/en/news-research/latest-news/electric-power/033026-near-record-week-for-european-wind-solar-power-outputEuropean wind and solar power generation had a near-record week in the seven days to March 29, system data analyzed by Platts, part of S&P Global Energy, showed. Wind output rose by about a third, week over week, in Week 13 (March 23-29), averaging near 90 GW, with Germany and Great Britain setting new peak records, preliminary data by WindEurope, as well as BMRS showed. Combined wind and solar30 March 2026 13:17:11 GMTAndreas Franke ]]>https://www.spglobal.com/energy/en/news-research/latest-news/electric-power/032326-ceraweek-us-to-refund-1-bil-to-totalenergies-in-deal-to-drop-offshore-wind-leaseTotalEnergies will cancel its US-based offshore wind projects and invest approximately $1 billion in fossil fuel development, as part of a March 23 deal with the US Interior Department. After investing in the fossil fuel infrastructure, including oil, gas and LNG production, the French energy company will receive reimbursements of $1 billion from the US government, reflecting the total cost the23 March 2026 19:05:09 GMTNoah Schwartz ]]>https://www.spglobal.com/market-intelligence/en/news-insights/research/2026/02/us-resin-shippers-look-to-tap-new-customers-amid-iran-warUS resin exports have ticked higher as the war in the Middle East shuts off the largest source of global plastics supply.30 March 2026 12:00:00 GMTMichael Angellhttps://www.spglobal.com/energy/en/news-research/blog/electric-power/033026-north-americas-ppa-market-beyond-volumesThree major themes are driving today's US power purchase agreement (PPA) market: demand growth, market complexity and policy uncertainty. Rapid load expansion from artificial intelligence (AI) and hyperscalers is pushing multigigawatt procurement into a grid that was not built for speed. At the same time, congestion and curtailment are changing renewable capture rates, while interconnection queues30 March 2026 15:23:33 GMTBruno BrunettiFrancisco Sequera ]]>https://www.spglobal.com/energy/zh/news-research/latest-news/electric-power/032426-ceraweek-energy-system-shock-brings-long-term-opportunity-for-carbon-markets24 March 2026 21:38:17 GMTDaniel Weekshttps://www.spglobal.com/energy/en/news-research/latest-news/energy-transition/032626-hydrogen-cost-remains-significant-barrier-for-adoption-in-shipping-howden-ccoThe high cost of hydrogen remains one of the most significant barriers to its adoption as a marine fuel, despite growing interest in the fuel, according to Hari Subramaniam, chief commercial officer at maritime insurance company Howden. Industry estimates suggest that hydrogen is currently 10-12 times more expensive than liquefied natural gas and four-five times costlier than alternative fuels26 March 2026 08:58:30 GMTDonavan Lim ]]>https://www.spglobal.com/energy/en/news-research/latest-news/electric-power/032726-ceraweek-in-the-case-for-clean-resources-energy-security-tops-energy-transitionClean hydrogen and ammonia backers are making the case that alternative fuels can lower nations' reliance on imports of fuel from the Middle East, as public and private climate goals fall by the wayside. Green and blue hydrogen are still touted as lower-emission substitutes to conventional "gray" hydrogen -- used in fertilizer production and refining -- and fossil fuels. But the corporate climate27 March 2026 21:00:59 GMTSiri Hedreen ]]>https://www.spglobal.com/energy/en/news-research/latest-news/natural-gas/032626-interview-elengy-sustains-european-lng-offerings-advances-transition-aimsFrench LNG terminal operator Elengy anticipates its existing import infrastructure will remain key for France over the coming years, even as the company positions itself for greater involvement in a low-carbon energy system, the company's chief strategy, sales and business development officer told Platts, part of S&P Global Energy, in a recent interview. "We do not see a need for more [LNG]26 March 2026 15:10:21 GMTMatt HoischJames Burgess ]]>https://www.spglobal.com/energy/en/news-research/latest-news/electric-power/032026-analysis-european-power-supply-in-better-shape-than-2022-but-still-lacks-flexibilityEuropean power markets have become more resilient to external supply shocks and are set to enter the summer 2026 season in much better shape than 2022, when Russia's invasion of Ukraine triggered price spikes due to the loss of Russian gas. While the price impact of the current Middle East crisis may echo events in 2022, its direct impact on European electricity is different, even if the risk of20 March 2026 14:14:00 GMTAndreas Franke ]]>https://www.spglobal.com/energy/en/news-research/latest-news/agriculture/032026-asias-fertilizer-disconnect-crop-prices-lag-surging-costsThe ongoing conflict in the Middle East has driven fertilizer prices sharply higher across Asia since late February, but the surge in input costs has yet to translate into corresponding gains for key crop prices, creating a delayed risk to farmer profitability and planting decisions for the coming season. The disconnect between soaring fertilizer values and subdued crop markets reflects a lag20 March 2026 05:58:48 GMTHui Min LeeElizabeth Thang ]]>https://www.spglobal.com/energy/en/news-research/latest-news/natural-gas/032426-ceraweek-williams-to-use-modular-gas-units-in-early-data-center-power-projectsMidstream company Williams sees modularization of smaller natural gas-fired power generating units as a solution to the reliability and speed requirements of data centers, its head of power innovation, Jaclyn Presnal, said March 24. Williams announced Feb. 10 a 6 gigawatt backlog of its 'power innovation' projects for data centers by the early 2030s, in addition to the roughly 1.4 GW of capacity24 March 2026 21:47:14 GMTKillian Staines ]]>https://www.spglobal.com/energy/en/news-research/podcasts/energy-evolution/032626-the-imperative-for-measuring-methane-emissions-in-the-us-gas-industryMeasuring and reducing upstream methane emissions is critical for US gas producers, particularly as they look to export their product to markets like Europe and Asia, and as the tech industry turns to gas as a key solution to its voracious power demand. In this episode, from the CERAWeek by S&P Global conference in Houston, co-host Dan Testa talks with Courtney Loper, head of government relations26 March 2026 19:25:02 GMTDan Testa ]]>https://www.spglobal.com/energy/en/news-research/latest-news/agriculture/031926-sulfur-nitrogen-markets-under-pressure-as-middle-east-war-persists-analystsThe ongoing conflict in the Middle East has impacted fertilizer markets east of Suez, with potential for significant long-term effects should hostilities persist, panelists said during the S&P Global Energy webinar on March 19. The region accounts for nearly 50% of global seaborne sulfur trade, including shipments through the Strait of Hormuz and from Oman. Additionally, approximately 24% of19 March 2026 18:35:03 GMTJeffrey McDonald ]]>https://www.spglobal.com/energy/en/news-research/latest-news/metals/032626-eu-cement-industry-set-roadmap-to-accelerate-clean-transition-cut-co2The European Commission convened a high-level policy dialogue with cement producers and stakeholders to accelerate the sector's clean transition amid rising energy costs and direct process emissions, which account for over 60% of the industry's CO2 footprint, the EC said in a statement March 25. Europe's cement industry faces significant decarbonization challenges as it seeks to maintain26 March 2026 05:27:11 GMTShivam Prakash ]]>https://www.spglobal.com/energy/en/news-research/latest-news/electric-power/032426-ceraweek-energy-system-shock-brings-long-term-opportunity-for-carbon-marketsMarket-driven climate solutions will continue to push forward as policymakers shift their focus to geopolitical uncertainty, creating an opportunity for carbon markets to turn the Middle East war from a headwind into a tailwind, speakers said on a March 24 conference panel. The major disruption occurring in the global energy system caused by the war in the Middle East poses a significant challenge24 March 2026 21:38:17 GMTDaniel Weeks ]]>https://www.spglobal.com/energy/en/news-research/podcasts/energy-evolution/032526-ontario-power-generation-leads-the-north-american-race-to-build-advanced-nuclearWhen it comes to advanced nuclear generation, most North American power producers are in the study and development phases. But Ontario Power Generation is currently constructing the first of four small modular nuclear reactors at its Darlington facility, with the first 300-megawatt unit scheduled to complete construction and connect to the grid by 2030. The other three reactors are scheduled to be25 March 2026 21:00:15 GMTDan Testa ]]>https://www.spglobal.com/ratings/en/regulatory/article/economic-outlook-asia-pacific-q2-2026-geopolitical-strife-stalls-the-momentum-s101675873This report does not constitute a rating action. Our revised outlook highlights a regional economy balancing solid momentum with emerging obstacles. While tech-driven export demand and resilient domestic activity support growth, the region faces intensifying pressure from the Middle East conflict, higher energy prices, and shifting U.S. tariff policy. We expect global growth will mostly hold up even in the face of war. Global activity has derived support from strong AI-related investment spendin24 March 2026 23:23:51 GMThttps://www.spglobal.com/ratings/en/regulatory/article/mercury-rising-european-entities-show-some-adaptation-gains-as-physical-risks-mount-s101676992One of the main findings of this research is that, by midcentury, European corporates will face broadly similar climate hazard exposure as their counterparts in other regions. Among our sample of 70 rated entities, 84% disclose adaptation plans versus the cross-sector average of 40% in Europe (of 1,466 companies) and globally (7,509), according to responses to S&P Global’s 2025 Corporate Sustainability Assessment. However, adaptation planning is nascent for most companies in our sample, regard24 March 2026 17:59:00 GMThttps://www.spglobal.com/energy/en/news-research/blog/energy-transition/032526-et-highlights-uber-reliance-samsung-ammonia-renewable-co2-europeEnergy transition highlights: Our editors and analysts bring you the biggest stories from the industry this week, from renewables to storage to carbon prices.24 March 2026 20:05:00 GMTStaff https://www.spglobal.com/market-intelligence/en/news-insights/research/2026/03/us-exports-to-middle-east-in-limbo-amid-war-zone-service-disruptionsUS exporters are scrambling to locate containers they shipped to the Middle East after ocean carriers halted almost all services due to the war with Iran.19 March 2026 12:00:00 GMTMichael Angellhttps://www.spglobal.com/energy/en/news-research/latest-news/crude-oil/060324-interactive-platts-global-bunker-fuel-cost-calculatorThe Platts global bunker fuel cost calculator shows how Platts price assessments for methanol, ammonia, LNG, bioblends and conventional oil-based fuels can be used to calculate the cost of marine fuels around the world, taking into account the EU Emissions Trading System and adjusted for energy density to put them on an equal footing.24 March 2026 13:30:00 GMTMax LinRowan Staden-CoatsAbhishek AnupamSophie ByronEsther NgMegan GildeaSantiago Canel Soriahttps://www.spglobal.com/ratings/en/regulatory/article/us-real-time-data-energy-related-inflation-risks-rise-against-steady-growth-momentum-s101672676This report does not constitute a rating action. The U.S. economy expanded slower in the fourth quarter than initially estimated, with the Bureau of Economic Analysis' revising downward for the second time household spending, government outlays, investment, and exports. Real GDP growth was revised down to 0.7% annualized from 1.4%, after a robust 4.4% expansion in the third quarter, and 3.8% in the second quarter. Part of the weakness was due to the government shutdown, which should have a rebou20 March 2026 14:59:02 GMThttps://www.spglobal.com/ratings/en/regulatory/article/default-transition-and-recovery-repeat-defaulters-reached-a-new-high-in-february-s101675382This report does not constitute a rating action. S&P Global Ratings' global corporate default tally was eight in February 2026, after the following defaults in the month: Luxembourg-based debt collection company Garfunkelux Holdco 2 S.A. Luxembourg-based telecommunications equipment distributor Eos Finco S.A R.L. U.S.-based diversified services provider Atlas CC Holding LLC U.S.-based oilfield services provider Nine Energy Service, Inc. U.S.-based alcoholic beverages brewer Blue Ribbon, LLC U.S.20 March 2026 12:24:19 GMThttps://www.spglobal.com/market-intelligence/en/news-insights/research/2026/03/picture-this-india-smartphone-supply-chain-incentivesIndia is competing for incremental manufacturing investments both with mainland China and other emergent producers of smartphones.
24 March 2026 12:45:00 GMThttps://www.spglobal.com/ratings/en/regulatory/article/south-and-southeast-asia-energy-transition-will-the-momentum-stay-on-track-s101652625Execution challenges, intermittency of renewable power and grid shortfalls are slowing the pace of energy transition in South and Southeast Asia.22 October 2025 04:20:26 GMThttps://www.spglobal.com/energy/en/news-research/latest-news/electric-power/032326-uk-seeks-views-on-treatment-of-saf-in-compliance-carbon-marketThe UK government launched a consultation March 23 on how sustainable aviation fuel should be treated under the country's emissions trading system, seeking to align its carbon policy with the country's sustainable aviation fuel mandate. The UK Emissions Trading System Authority is examining whether to expand the types of SAF eligible for emissions-reduction claims beyond biofuels and whether to23 March 2026 19:11:41 GMTEklavya Gupte ]]>https://www.spglobal.com/market-intelligence/en/news-insights/research/tackling-the-esg-data-management-challenge-at-scaleThe increased importance of environmental, social and governance (ESG) issues for investors, regulators, and other stakeholders and demands for greater transparency have reshaped requirements for analytics and disclosures.05 December 2023 11:05:03 GMTTom ArcherNeil Robertsonhttps://www.spglobal.com/en/research-insights/special-reports/look-forward/energy-futuresThe global energy system is entering an era of expansion, where affordability, reliability, competitiveness and geopolitical resilience are taking precedence over the energy transition.19 March 2026 13:00:00 GMThttps://www.spglobal.com/energy/en/news-research/special-reports/energy-transition/energy-compute-and-quantum-eraExplore how Quantum computing is revolutionizing Energy and Compute, driving practical applications and commercial growth across industries.23 January 2026 11:26:00 GMThttps://www.spglobal.com/energy/zh/news-research/latest-news/agriculture/031326-middle-east-war-impacts-global-food-security-over-fertilizer-fuel-and-freight-issues13 March 2026 19:26:18 GMTSamyak Pandeyhttps://www.spglobal.com/energy/zh/news-research/latest-news/energy-transition/031326-asias-renewable-energy-case-strengthens-amid-middle-east-conflict-experts13 March 2026 13:36:52 GMTRuchira Singhhttps://www.spglobal.com/energy/en/news-research/latest-news/energy-transition/031226-interview-hydrogen-to-aid-shipping-decarbonization-pathways-mmmczcs-norgaardHydrogen is expected to remain on the sidelines as a marine fuel for many years to come, with its main role in shipping's decarbonization likely to be supporting other fuel pathways, Torben Norgaard, Chief Technology and Analytics Officer at the Maersk Mc-Kinney Moller Center for Zero Carbon Shipping, told S&P Global Energy in an emailed interview on March 10. Norgaard said that hydrogen still12 March 2026 07:16:41 GMTDonavan Lim ]]>https://www.spglobal.com/energy/en/news-research/latest-news/coal/032026-european-thermal-coal-imports-may-rise-as-middle-east-war-jolts-gas-supply-outlookEurope's utilities and traders are preparing to step up seaborne thermal coal purchases as the Middle East conflict adds volatility to gas markets and revives the economics of gas-to-coal switching ahead of summer demand, market participants said. The pickup is expected first in spot restocking into Northwest Europe, with some market participants warning the impact could extend into the third or20 March 2026 17:11:46 GMTVaibhav ChakrabortyMaxim GramaRoudy Dirani ]]>https://www.spglobal.com/energy/en/news-research/latest-news/energy-transition/032026-indian-developers-push-cdm-projects-to-plug-supply-gap-in-nature-based-removalsIndian developers have been seeking to bridge a supply gap in nature-based carbon removal credits by offering newly issued units from projects using older Clean Development Mechanism (CDM) methodologies since at least early March, multiple developers, trade sources, and other market participants told Platts, part of S&P Global Energy. Nature-based removal credits are generated from projects that20 March 2026 10:26:34 GMTMimansa Verma ]]>https://www.spglobal.com/ratings/en/regulatory/article/sf-credit-brief-us-private-credit-clo-insights-2026-a-new-sf-credit-brief-s101676008This report does not constitute a rating action. U.S. private credit has been in focus this year as headlines questioning software sector concentrations, rising default risks, and the broader resilience of middle-market lending have underscored the need to look beyond the noise and into the data. As a supplement to our quarterly slide deck publication on U.S. private credit and middle-market (MM) collateralized loan obligations (CLOs) (see " Private Credit And Middle-Market CLO Quarterly: Good T19 March 2026 17:43:39 GMThttps://www.spglobal.com/en/research-insights/special-reports/look-forward/energy-futures/multidimensional-energy-futureThe multidimensional energy future continues: A multispeed, multifueled and multi-technology transition with different road maps and end points for different countries. 19 March 2026 13:01:00 GMTAtul Arya, Ph.D.https://www.spglobal.com/energy/en/news-research/podcasts/energy-evolution/032026-war-energy-security-and-the-redrawing-of-global-trade-flowsThe effective closure of the Strait of Hormuz was long considered one of the energy market's great hypotheticals -- until it became a reality. In this special CERAWeek series episode of Energy Evolution, host Eklavya Gupte sits down with Dave Ernsberger, president of S&P Global Energy, to examine what may be the most significant energy supply disruption ever and how it's forcing a fundamental20 March 2026 11:54:17 GMTEklavya GupteDave Ernsberger ]]>https://www.spglobal.com/ratings/en/regulatory/article/the-middle-east-war-is-adding-uncertainty-to-an-already-fragile-global-autos-outlook-s101675552This report does not constitute a rating action. With the outbreak of war in the Middle East, the global auto industry now faces a potential triple whammy of reduced demand, supply-chain problems, and cost inflation. Weaker demand could come from economic uncertainty and lower disposable incomes, while disrupted logistics and shipping routes could cause shortages of certain raw materials or components. Inflation, via rising energy, raw materials, and logistics costs, completes the unfavorable pi19 March 2026 12:43:35 GMThttps://www.spglobal.com/energy/en/news-research/latest-news/agriculture/031926-dhl-malaysia-aviation-group-partner-to-deploy-safDHL Express has signed an agreement with Malaysia Aviation Group to deploy sustainable aviation fuel under its GoGreen Plus service, targeting a reduction of about 300 metric tons of life cycle CO2 equivalent emissions in 2026. The agreement will see MAG use SAF within DHL Express' air cargo network for international shipments spanning the US, Europe and Asia-Pacific, DHL said in a statement March19 March 2026 19:48:51 GMTSamyak Pandey ]]>https://www.spglobal.com/market-intelligence/en/news-insights/research/2024/12/fishing-for-chpis-trade-flows-adapt-to-sanctions-on-russiaControlling the supply chains of Common High Priority Items (CHPIs) has been a critical part of sanctions applied by the US and EU.11 December 2024 19:06:28 GMTByron McKinneyChris Rogershttps://www.spglobal.com/market-intelligence/en/news-insights/research/2024/11/supply-chain-strategies-to-mitigate-tariffsThe return to office of President-elect Donald Trump brings the prospect of a renewed round of import tariffs to the US.06 November 2024 19:21:11 GMTChris RogersEric Oakhttps://www.spglobal.com/market-intelligence/en/news-insights/research/2024/12/power-plays-themes-for-2025We identify aspects of each theme as critical for organizations seeking adaptive strategies to navigate risks and discover opportunities.09 December 2024 21:09:53 GMT