#energy

U.S. producer prices rose 1.1% in May, above the 0.7% Dow Jones consensus cited by CNBC. The surprise puts energy-sensitive inflation back in focus for Fed pricing and Treasury-market positioning.

DigitalBridge $DBRG agreed to acquire ArcLight Capital Partners for $1.05B, split between $750M of cash and $300M of stock. The deal adds an energy infrastructure platform to a digital-infrastructure manager with more than $100B in AUM.

LG Energy Solution (373220.KS) traded as much as 16% higher after announcing a 6GWh U.S. battery energy storage agreement with DTE Energy. The deal covers a 1.5GW project portfolio in Michigan and starts deliveries in 2026.

BP $BP fell as much as 9% in London trading after the board removed Chair Albert Manifold with immediate effect. The company cited governance, oversight and conduct concerns, adding a leadership shock to a still-unsettled oil major turnaround.

A new Goldman Sachs Alternatives report warns that agentic AI systems require 60x to 130x more energy than standard chat models, pointing to a projected 45 GW U.S. power shortfall by 2028 and a 600,000-worker skilled-trades labor gap as the real bottlenecks to AI scaling.

SK Innovation reported Q1 2026 consolidated operating profit of KRW 2.162 trillion, returning to profitability from losses in the prior comparable period, driven by recovery across its EV battery (SK On), lubricants, and chemicals businesses. The turnaround reflects easing battery pricing pressure and elevated energy margins during the Iran conflict cycle.

Saudi Aramco reported Q1 2026 adjusted net income of $33.6 billion, beating the analyst consensus of $31.2 billion by 7.7% and rising 26% year-over-year. CEO Amin Nasser credited the East-West Pipeline — now at maximum 7.0 million bpd capacity — for bypassing the Hormuz blockade and delivering crude to locked-out customers.

Iran's Army spokesperson warned on May 10 that ships from countries joining U.S. Iran sanctions will be barred from the Strait of Hormuz. Brent crude closed Friday at $101.29 per barrel, up 95% in Q1, with cumulative supply losses approaching one billion barrels.

This was shaping up to be the first statewide data-center moratorium in the U.S. TechCrunch reports Maine Governor Janet Mills vetoed a bill that would have paused new data centers until November 1, 2027 and created a 13-person council to study future construction.

Shell $SHEL agreed to buy ARC Resources $ARX for $16.4B, adding about 370,000 boe/d and roughly 2 billion boe of reserves. The cash-and-stock deal is set to lift Shell's production CAGR through 2030 to 4% and add about $250M of annualized synergies within a year of closing.

X-energy $XE jumped 27% in its Nasdaq debut, closing at $29.20 after opening at $30.11. The move followed an upsized IPO priced at $23 per share, above the marketed $16 to $19 range, with proceeds of about $1.02B as AI-driven power demand pulled nuclear names into public-market focus.

Brent crude fell 9.1% to $90.38 on April 17 after Iran said the Strait of Hormuz was open, while the S&P 500 rose 1.2% to a record. On April 18, Iran said control of the strait had reverted to strict military management, and AP reported that UKMTO said IRGC gunboats fired on a tanker.