ENERGY INTELLIGENCE TERMINAL OIL · GAS · COAL · POWER · RENEWABLES · MINING · AI
INDUSTRIAL ELECTRICITY PRICES — 2026 INDICATIVE (USD / MWh)
RegionIndustrial ($/MWh)Residential ($/MWh)TrendNotes
Texas (ERCOT)$42$118+3.2%High wind + solar, volatile spot
Iceland$38$95-1.1%Geothermal dominant, ultra-stable
Paraguay (Itaipu)$28$72+0.8%World's cheapest large-scale hydro
China (Northwest)$35$68-0.4%Coal + wind, AI cluster expansion
Kazakhstan$31$65+1.9%Coal dominant, crypto-friendly
Russia (Siberia)$26$52+0.5%Massive hydro, isolated grid
Canada (Quebec Hydro)$32$78-0.2%Clean hydro, tier 1 mining
US Average (Industrial)$58$142+0.6%National blend
Norway$48$112-1.4%Hydro-heavy, exporter
Brazil (SE Hydro)$44$98+1.2%Itaipu + Belo Monte
India (Industrial)$68$88+2.1%Coal + solar rapid growth
Australia (QLD)$72$195+3.8%Coal transition stress
Germany$95$285-2.3%Renewables + taxes, expensive
UK$88$260-1.5%North Sea wind + gas dependency
Japan$112$245+1.8%LNG import dependent, post-Fukushima
South Korea$92$128+0.9%Nuclear + LNG mix
Singapore$145$198+2.2%LNG import city-state
Ethiopia (Hidase)$22$48+5.1%GERD hydro, sub-Saharan cheapest
UAE (Industrial)$38$62-0.8%Gas + solar, subsidised
Saudi Arabia$35$48-0.3%Oil-fired + solar, heavily subsidised
Industrial rates are wholesale/grid tariff. Residential includes taxes and distribution. Spot prices fluctuate significantly. Data: EIA, IEA, ENTSOE — 2026 indicative.
WTI CRUDE
$78.40
per barrel · NYMEX
BRENT CRUDE
$82.15
per barrel · ICE
RBOB GASOLINE
$2.48
per gallon · US futures
ULSD DIESEL
$2.67
per gallon · US futures
CRUDE OIL BENCHMARKS
BenchmarkPriceUnitTrendRegion / ExchangeNotes
WTI (West Texas Intermediate)$78.40bbl-1.2%NYMEXUS light sweet crude benchmark
Brent Crude$82.15bbl-0.9%ICE LondonGlobal benchmark, ~65% of world contracts
Dubai / Oman Crude$80.90bbl-1.0%DMEAsian benchmark, sour crude
OPEC Basket$80.20bbl-0.8%OPECBlend of 13 member grades
Russian Urals (FOB)$68.50bbl+0.4%PlattsDiscounted due to sanctions
Canadian WCS$62.80bbl-1.8%ICEHeavy oil sands crude, pipeline constrained
Arab Light (Saudi)$81.30bbl-0.7%Aramco OSPSaudi flagship, OPEC+ swing producer
Bonny Light (Nigeria)$84.20bbl+0.3%PlattsWest African premium sweet
Iranian Heavy$71.00bbl+1.1%NIOCSanctioned, sold at deep discount to Asia
Venezuelan Merey$58.40bbl+0.8%PDVSAExtra heavy, diluted for export
REFINED PRODUCTS — FUELS
ProductPriceUnitTrendMarketNotes
RBOB Gasoline (unleaded)$2.48gallon-1.4%NYMEXUS benchmark, refinery gate
Euro Gasoline 95 RON$2.85gallon-0.9%ARAEuropean benchmark
ULSD Diesel (No.2)$2.67gallon-1.1%NYMEXUltra-low sulphur, US road diesel
Gasoil 0.1% (EN590)$2.72gallon-0.8%ICEEuropean road diesel standard
Kerosene (K-1, heating)$2.78gallon-0.6%US NEHome heating, rural US
Jet Fuel (Jet A / Jet A-1)$2.82gallon-1.0%GlobalCommercial aviation standard
Jet B (Arctic fuel)$2.95gallon-0.7%SpotHigh freeze-point tolerance
Avgas 100LL (aviation gasoline)$6.82gallon+0.3%US FBOPiston aircraft, leaded, premium
Heating Oil (No.2)$2.63gallon-1.3%NYMEXResidential heating, NE US
Marine VLSFO (0.5%S)$582tonne-0.9%SingaporeIMO 2020 compliant bunker
Marine HFO (3.5%S)$418tonne-1.2%RotterdamHeavy fuel oil, scrubber ships
Marine MGO (0.1%S)$698tonne-0.7%GlobalMarine gas oil, ECA zones
PETROCHEMICALS & OTHER PETROLEUM PRODUCTS
ProductPriceUnitTrendNotes
Naphtha (Platts NWE)$648tonne-0.8%Petrochemical feedstock, gasoline blend
Ethanol (denatured, corn)$1.68gallon+1.2%US blend mandate fuel
Biodiesel (FAME, EU)$4.12gallon+0.4%Renewable diesel blend
Methanol (Asia spot)$385tonne-1.5%Shipping fuel, chemical feedstock
Base Oil Group I (SN150)$748tonne+0.2%Lubricant base stock
Base Oil Group II$892tonne+0.3%Higher purity lubricant
Base Oil Group III$1,185tonne+0.5%Synthetic quality, API Group III
Bitumen / Asphalt$312tonne+0.6%Road paving, roofing
Petroleum Coke (petcoke)$88tonne-2.1%Refinery byproduct, cement fuel
Sulphur (granular)$68tonne-1.8%Fertiliser feedstock
Prices are indicative spot/futures. Retail pump prices include taxes — typically 40–80% above wholesale. Data: Platts, NYMEX, ICE, EIA — 2026.
HENRY HUB (US)
$2.85
per MMBtu
TTF (EUROPE)
$11.50
per MMBtu
JKM (ASIA LNG)
$13.45
per MMBtu
LPG PROPANE (US)
$0.62
per gallon · Mont Belvieu
NATURAL GAS — PIPELINE BENCHMARKS
Hub / BenchmarkPriceUnitTrendRegionNotes
Henry Hub$2.85MMBtu-4.1%US LouisianaUS benchmark, Sabine hub
Waha Hub$1.92MMBtu-6.2%US PermianPipeline constrained, often discounted
AECO (Canada)$1.48MMBtu-3.8%AlbertaCanadian benchmark, LNG Canada
TTF (Title Transfer Facility)$11.50MMBtu+2.3%NetherlandsEuropean benchmark hub
NBP (National Balancing Point)$11.20MMBtu+1.9%UKBritish benchmark
PEG (France)$11.35MMBtu+2.1%FranceFrench gas hub
NCG (Germany)$11.42MMBtu+2.0%GermanyGerman market area
PSV (Italy)$11.58MMBtu+2.4%ItalyItalian virtual point
LNG — LIQUEFIED NATURAL GAS
Contract / RoutePriceUnitTrendNotes
JKM (Platts Japan/Korea Marker)$13.45MMBtu+1.8%Asian spot benchmark
LNG CIF Japan (term)$13.80MMBtu+1.5%Long-term, oil-linked
LNG CIF China (spot)$13.20MMBtu+1.9%Growing spot market
LNG FOB US Gulf (Sabine Pass)$8.20MMBtu-1.2%US LNG export, Henry Hub + liquefaction
LNG FOB Qatar$11.80MMBtu+0.9%World's largest LNG exporter
LNG FOB Australia$12.40MMBtu+1.1%Gorgon, Ichthys, Prelude
LNG FOB Nigeria (NLNG)$11.60MMBtu+0.7%West African supply
Small-scale LNG (truck)$18.50MMBtu+2.1%Off-grid, trucking, islands
LNG Spot Cargo (ARA basis)$11.80MMBtu+1.6%European spot cargo
LPG — LIQUEFIED PETROLEUM GAS (PROPANE & BUTANE)
ProductPriceUnitTrendMarketNotes
Propane (Mont Belvieu, US)$0.62gallon-2.8%NYMEX/USHeating, petrochemical feedstock
Propane (NWE ARA)$560tonne+1.2%EuropeEuropean propane spot
Butane (Mont Belvieu)$0.75gallon-1.9%USGasoline blending, camping fuel
Butane (ARA)$592tonne+0.8%EuropeEuropean butane spot
Autogas LPG (EU avg)$0.88litre+0.4%EUVehicle fuel, 8M EU LPG cars
LPG (Saudi CP, propane)$535tonne+1.5%Saudi AramcoSaudi contract price, Asia reference
LPG Cylinder (12kg, India)$8.20cylinder+3.4%IndiaSubsidised domestic cooking gas
LPG (cooking gas, Africa avg)$1.85kg+4.8%Sub-SaharanGrowing alternative to firewood
COMPRESSED & SPECIALTY GAS
ProductPriceUnitNotes
CNG (Compressed Natural Gas, US avg)$2.22GGEGasoline gallon equivalent, fleet vehicles
CNG (Europe, retail)$4.85GGEHigher due to gas prices
CBG (Compressed Biogas)$3.80GGERenewable CNG from waste
Wellhead Gas (US avg)$2.40MMBtuProducer price ex-wellhead
Associated Gas (flared value)$0.80MMBtuOften flared; capture projects growing
Helium (Grade A, bulk)$38.50McfSemiconductor, MRI, cryogenics
LNG prices in MMBtu. 1 tonne LNG ≈ 52 MMBtu. 1 tonne propane ≈ 11.1 MMBtu. Data: Platts, Argus, EIA — 2026 indicative.
NEWCASTLE THERMAL
$98
per tonne · ICE
COKING COAL (HCC)
$235
per tonne · premium
CARBON CREDITS (EUA)
$65
per tCO2 · EU ETS
WOOD PELLETS (IND.)
$185
per tonne · NW Europe
THERMAL COAL (STEAM COAL)
Grade / OriginPriceUnitTrendCalorific ValueNotes
Newcastle (Australia, 6000 kcal)$98tonne+1.2%6,000 kcal/kgAsian benchmark, ICE futures
Richards Bay (South Africa, 6000)$92tonne+0.8%6,000 kcal/kgEuropean/Asian export benchmark
ARA Coal (NW Europe CIF)$88tonne-1.4%5,700 kcal/kgAmsterdam-Rotterdam-Antwerp
Indonesian Coal (5500 kcal GAR)$68tonne-0.9%5,500 kcal/kgWorld's largest thermal exporter
Indonesian Coal (3800 kcal GAR)$38tonne-1.1%3,800 kcal/kgLow-rank, domestic power
US Central Appalachian (CAPP)$72ton (short)-0.6%12,500 BTU/lbUS eastern benchmark
US Powder River Basin (PRB)$14ton (short)-2.1%8,800 BTU/lbCheapest US coal, surface mined
Colombian Coal (Cerrejon)$82tonne-0.5%5,800 kcal/kgEuropean preferred alternative
METALLURGICAL COAL (COKING COAL)
GradePriceUnitTrendNotes
Premium Hard Coking Coal (HCC)$235tonne+2.1%Steelmaking benchmark — Australia Qld
Semi-Hard Coking Coal$192tonne+1.8%Blend component, lower CSN
Semi-Soft Coking Coal (SSCC)$168tonne+1.4%Partial coking, widely blended
PCI Coal (Pulverised Coal Injection)$148tonne+0.9%Blast furnace injection, replaces coke
Metallurgical Coke (China)$385tonne+1.2%Processed from coking coal, iron smelting
Foundry Coke (US)$420tonne+0.7%Cupola furnace, casting
LIGNITE, ANTHRACITE & SPECIALTY COAL
TypePriceUnitTrendNotes
Lignite / Brown Coal (Germany)$18tonne+0.4%Lowest rank, very high moisture, domestic only
Sub-bituminous Coal$52tonne-0.8%Between lignite and bituminous
Anthracite (China, grade 1)$128tonne+1.5%Highest carbon content, smokeless
Anthracite (Vietnam, export)$118tonne+1.2%Premium anthracite for heating
Activated Carbon (coal-derived)$1,200tonne+2.8%Water treatment, gas purification
Carbon Black$780tonne+1.1%Tyre reinforcement, ink
SOLID BIOMASS, CHARCOAL & WASTE FUELS
ProductPriceUnitTrendNotes
Industrial Wood Pellets (NW Europe)$185tonne+3.2%Drax, power station co-firing
Residential Wood Pellets (EU)$328tonne+4.1%ENplus A1, heating pellets
Wood Chips (industrial)$95tonne+1.8%Forest residues, CHP plants
Charcoal (hardwood lump, US)$892tonne+2.4%BBQ ~$0.40/lb retail; artisanal higher
Charcoal (industrial, Africa)$220tonne+5.8%Primary cooking fuel, 750M people
Charcoal Briquettes$680tonne+2.1%Compressed, uniform burn
Torrefied Biomass$148tonne+3.5%Roasted wood, coal co-firing
Agricultural Residue (straw pellets)$88tonne+1.4%Wheat straw, corn cob
Peat (Ireland, milled)$28tonne-0.5%Declining use, bogs protected
Peat (Finland, energy peat)$24tonne-1.2%Classified as slow renewable in EU
Waste-to-Energy (gate fee)$68tonne+1.9%Municipal solid waste, tipping fee
Refuse-Derived Fuel (RDF)$42tonne+0.8%Processed MSW, cement kilns
Biogas (AD, raw)$6.80MMBtu+2.2%Anaerobic digestion, farm waste
Biomethane (RNG, injected)$14.50MMBtu+3.8%Upgraded biogas, grid quality
CARBON & EMISSIONS MARKETS
InstrumentPriceUnitTrendNotes
EU Allowance (EUA)$65tCO2+2.8%EU Emissions Trading System
UK ETS Allowance$48tCO2+1.9%Post-Brexit UK carbon market
California Carbon (CCA)$38tCO2-0.8%CARB cap-and-trade
RGGI (NE US)$14tCO2-1.2%Regional Greenhouse Gas Initiative
Voluntary Carbon (REDD+)$8tCO2-3.5%Nature-based offsets, quality variable
Voluntary Carbon (tech removal)$285tCO2+12.4%DAC, biochar — premium high-quality
Coal prices FOB port of origin unless stated. Carbon prices on regulated exchanges. Charcoal prices vary widely by grade and region. Data: Platts, Argus, ICE, ICAP — 2026.
SOLAR PV (UTILITY)
$32
per MWh LCOE · US
WIND ONSHORE
$38
per MWh LCOE · US
GREEN HYDROGEN
$5.50
per kg · electrolyser
BATTERY STORAGE
$120
per MWh · 4hr LCOS
LEVELISED COST OF ELECTRICITY (LCOE) — 2026
TechnologyLCOE ($/MWh)Capacity FactorTrendNotes
Solar PV — Utility (US, Sun Belt)$3225–32%-5.8%Record lows, module prices collapsed
Solar PV — Utility (India)$2822–28%-7.2%World's cheapest new capacity
Solar PV — Utility (Middle East)$1828–34%-8.1%Al Dhafra (UAE) at $13.50/MWh record
Solar PV — Utility (Europe)$4513–20%-4.2%Lower irradiance, higher BoP costs
Solar PV — Rooftop (US)$9217–22%-3.1%Residential, higher install cost
Concentrated Solar Power (CSP)$11840–55%-2.8%With thermal storage, dispatchable
Wind Onshore (US)$3835–45%-3.5%Great Plains, best-in-class sites
Wind Onshore (Europe)$4528–38%-2.9%Northern Europe coast
Wind Offshore (Fixed, Europe)$8540–55%-4.1%North Sea, Baltic
Wind Offshore (Floating)$14545–58%-8.5%Early commercial, deep water
Hydro (large, new)$4535–55%+0.5%Site-dependent, long build time
Hydro (run-of-river, small)$6840–60%+0.3%Low impact, distributed
Geothermal (high temp)$5580–95%-1.8%Baseload, Iceland / Kenya / NZ
Geothermal (EGS)$9580–90%-5.2%Enhanced geothermal, anywhere on Earth
Nuclear (new, Gen III+)$9290–95%+2.1%High capital, very low LCOE over life
Nuclear (existing US fleet)$3090–95%-0.8%Capital paid off, fuel only
Nuclear (SMR, projected)$7290–95%-12.0%NuScale, Rolls-Royce — modular
Tidal Stream$18535–40%-6.2%Predictable, MeyGen (Scotland)
Wave Energy$28025–35%-9.1%Pre-commercial, ocean swell
Biomass / Biogas (CHP)$7860–85%+1.4%Dispatchable renewable baseload
Waste-to-Energy (incineration)$8875–85%+0.9%Baseload + waste disposal value
HYDROGEN — ALL COLOURS
TypePriceUnitTrendSourceCO2 Intensity
Green Hydrogen (electrolysis, RE)$5.50kg-8.2%Electrolysis + solar/wind~0 kg CO2/kg
Green H2 (best case, Middle East)$2.80kg-12.4%Cheap solar + electrolyser~0 kg CO2/kg
Blue Hydrogen (SMR + CCS)$2.85kg-1.5%Natural gas + carbon capture~1–3 kg CO2/kg
Grey Hydrogen (SMR)$1.82kg+0.8%Natural gas, no capture~10 kg CO2/kg
Black/Brown Hydrogen (coal gasif.)$1.45kg+0.3%Coal gasification~20 kg CO2/kg
Turquoise Hydrogen (pyrolysis)$3.20kg-4.5%Methane pyrolysisSolid carbon byproduct
Pink/Red Hydrogen (nuclear)$4.80kg-2.1%Nuclear electrolysis~0 kg CO2/kg
Hydrogen (pipeline delivery)$+1.20kg+1.8%Transport add-onDedicated H2 pipeline premium
Liquid Hydrogen (LH2)$8.50kg-3.2%Liquefaction of green H2Aerospace, shipping
ENERGY STORAGE & GRID SERVICES
TechnologyLCOS ($/MWh)DurationTrendNotes
Li-ion Battery (4hr, utility)$1204 hours-14.2%BESS, grid-scale, Tesla Megapack
Li-ion Battery (2hr)$952 hours-15.8%Peaking / frequency response
Flow Battery (vanadium)$1458–12 hours-6.4%Long duration, very long cycle life
Pumped Hydro (PHES)$688–16 hours+0.4%90%+ of global storage capacity
Compressed Air (CAES)$8810–24 hours-2.1%Underground cavern, geological
Liquid Air (LAES)$1658–16 hours-8.5%Highview Power, no geography limit
Gravity Storage (ARES)$1126–12 hours-4.2%Rail / piston systems
Green Ammonia (storage)$680Seasonal-5.8%Seasonal hydrogen carrier, shipping fuel
LCOE = Levelised Cost of Energy (all-in, lifetime). LCOS = Levelised Cost of Storage. Values are global indicative ranges — best sites will be significantly lower. Data: IRENA, BloombergNEF, Lazard — 2026.
FUEL PRICES & GENERATION CAPACITY FACTORS (2026)
Fuel / SourcePriceUnit24hGlobal Capacity FactorNotes
Natural Gas (Henry Hub)$2.85MMBtu-4.1%Key marginal fuel for crypto regions
Natural Gas (TTF, Europe)$11.50MMBtu+2.3%European benchmark
Coal (Newcastle)$98tonne+1.2%Dominant in Asia mining
Coal (ARA, Europe)$88tonne-1.4%European benchmark
Uranium (U3O8 spot)$88lb U3O8+0.4%Cameco / Kazatomprom supply tight
Nuclear (LCOE, existing)$30MWh-0.8%92%Baseload, paid-off capital
Nuclear (LCOE, new)$92MWh+2.1%92%High build cost, low fuel cost
Wind (Onshore LCOE)$38MWh-3.5%35–45%Best US / EU sites
Wind (Offshore LCOE)$85MWh-4.1%45–55%North Sea fixed foundation
Solar (Utility LCOE)$32MWh-5.8%22–32%Fastest growing globally
Hydro (Global Avg LCOE)$45MWh+0.5%35–55%Paraguay, Iceland, Canada advantage
Geothermal (high temp)$55MWh-1.8%85–95%Iceland, Kenya, NZ, Philippines
Biomass / Biogas CHP$78MWh+1.4%65–85%Dispatchable renewable baseload
Oil (CCGT, peaking)$185MWh+2.8%15–25%Diesel/HFO peakers, islands
Capacity factor is the actual % of time a plant runs at full rated capacity. LCOE assumes best-site construction cost, 25-year life, discount rate 6%. Data: IRENA, IEA, EIA — 2026.
BITCOIN & ETHEREUM MINING ECONOMICS (2026)
MetricBTCETH (PoS)UnitNotes
Network Hashrate620 EH/sPost-halving difficulty adjustment
Hashprice (avg)$68per TH/s / dayHighly sensitive to BTC price
Energy Cost per BTC$42,500per BTCAt $0.045/kWh average
Energy Cost per ETH (staking)$0.08per ETH / yearMainly validator hardware + bandwidth
Break-even Electricity (S19 XP)$0.038per kWhCurrent flagship ASIC
Break-even Electricity (S21)$0.052per kWhNext-gen ASIC, more efficient
Block Reward Value~$168,000per block3.125 BTC × ~$54k BTC price
Global Mining Power Draw142TWh / year~0.6% of global electricity
Mining Revenue per EH/s$68per dayHashprice metric
Mining economics fluctuate with BTC price, difficulty, and energy cost. Sub-$0.04/kWh electricity with efficient ASICs is the current competitive threshold. Stranded energy (flared gas, curtailed wind) is reshaping location decisions.
AI TRAINING & INFERENCE POWER DRAW ESTIMATES (2026)
Model / WorkloadPower Draw (MW)Energy per Run (GWh)Equivalent HouseholdsNotes
GPT-5 Class Training (est.)850~180~15 millionMulti-month frontier cluster run
Claude 4 / Gemini 3 Training620~95~8 millionCurrent top-tier model
Llama 4 400B Training310~48~4 millionOpen-weight scale
GPT-4 Level (for reference)185~50~4 million2023 training reference
Inference — 1M tokens/day (large)0.8–2.5Per large deployment
Inference — ChatGPT global (est.)~500~4 million~10M queries/day at scale
xAI Memphis Supercluster150+~1.3 million100k+ H100/H200 GPUs
Microsoft/OpenAI (all AI, est.)1,200+~10 millionAzure AI total, growing
Google AI (DeepMind + Gemini)900+~8 millionTPU clusters globally
Global AI Data Center (est.)45,000Projected 2026 total — fastest growing
Power draw is the #1 variable cost for frontier AI and mining. Regions with sub-$40/MWh clean power have structural advantage. AI data center demand growing ~30% annually — primary driver of new power plant orders globally.
GROSS ELECTRIC USAGE — WORLD & TOP COUNTRIES (2026 EST.)
WORLD TOTAL
~29,800 TWh / year
Projected 2026 global electricity consumption (IEA + AI/mining uplift)
Country / RegionAnnual (TWh)% WorldPer Capita (MWh)YoY GrowthCrypto/AI Relevance
World29,800100%3.7+3.1%
China9,65032.4%6.8+4.8%Bitcoin mining + AI clusters
United States4,42014.8%13.1+2.2%Texas + AI hyperscalers
India1,9206.4%1.3+6.5%Fastest growing demand
Russia1,0503.5%7.2+1.1%Cheap hydro/coal for mining
Japan9803.3%7.9-0.4%High efficiency, limited crypto
Canada6202.1%15.8+1.4%Quebec hydro advantage
Brazil6802.3%3.2+2.9%Hydro + growing mining
South Korea5801.9%11.2+1.7%Tech + AI data centers
Germany5101.7%6.1-1.8%Expensive power, limited mining
France4701.6%7.0+0.8%Nuclear dominant, low carbon
United Kingdom3101.0%4.6-0.9%High prices limit ops
Australia2600.9%9.8+1.2%Coal + growing renewables
Kazakhstan1150.4%5.9+3.8%Major Bitcoin mining hub
Iceland190.06%52.0+2.1%Geothermal paradise for mining
Paraguay520.17%7.1+4.2%Itaipu hydro surplus
Rest of World~7,80026.2%Africa, SE Asia, LatAm growth
Crypto mining + AI data centers represent ~3–4% of global electricity demand — the fastest-growing segment. Data synthesized from IEA, EIA, industry reports — 2026.