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One Company To Buy Before Earnings
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Buying any stock in front of earnings is always a risky proposition. An earnings release is a “known unknown” that has the potential to move a stock significantly at a time when markets are closed, rendering stop loss orders basically useless, and exposing you to the full consequences of a dramatic downward move should results differ significantly from expectations. Of course, that can also work in your favor, with a positive surprise resulting in a substantial, quick profit That is what makes pre-earnings trades so attractive to many…
Oil Prices Slide After Streak of Gains
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Oil is set to close out the week with a gain, marking the first upside for crude since mid-January.Friday, February 21, 2025 The Tuesday drone attack on the CPC pipeline, Kazakhstan’s key export conduit, has set a bullish tone for this week with four straight daily gains and ICE Brent trending around $76 per barrel. In the United States, rising oil inventories were largely offset by distillate stocks slipping below the 5-year range. Overall, the average February Brent price of $75.50 per barrel is exactly where the current mood lies,…
Rubio Says U.S. Could Ease Sanctions Only If Russia Noticeably Changes Behavior
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The United States will not lift any sanctions on Russia unless Moscow noticeably changes its behavior, U.S. Secretary of State Marco Rubio told European leaders in a call after the U.S.-Russia meeting in Riyadh. European leaders are concerned that they are being left out of talks and of the apparent major pivot in U.S. foreign policy after the top officials from the United States and Russia met earlier this week in Saudi Arabia to discuss a potential end to the war in Ukraine. Following the meeting with Russia, Rubio sought to assure the Europeans…
U.S. and Ukraine Discuss Critical Minerals Deal
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Ukrainian officials are discussing a possible deal on critical minerals between Ukraine and the United States with U.S. special envoy Keith Kellogg, an anonymous source told Bloomberg on Friday, commenting on closed-door discussions of the past few hours. The talks come as relations between Ukraine and the U.S. strained over the past weeks, with the U.S. launching discussions with Russia on a potential end to the war in Ukraine, without the participation of Ukraine or the EU. After the two Presidents, Donald Trump and Volodymyr Zelenskiy,…
UK Announces Plans to Accelerate Clean Energy Rollout
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The UK government on Friday set out proposals to reform planning consent criteria and the flagship scheme for awarding renewable projects, aiming to fast-track clean energy rollout as Britain targets clean power by 2030. The government is seeking input by March 21 in the consultation on proposals to provide greater certainty to investors and a better deal for consumers. The government response to the outcome of the consultation is expected ahead of the 7th allocation round of the flagship Contracts for Difference scheme later this year. The…
Former Energy Secretary Granholm Joins Boards of U.S. Utility Giant
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Former U.S. Secretary of Energy, Jennifer Granholm, will join the boards of U.S. utilities Edison International and Southern California Edison, effective April 1, the two companies have said. Edison International is one of the biggest electric utility holding groups in the United States. Edison International is the parent company of Southern California Edison Company, a utility delivering electricity to 15 million people across Southern, Central, and Coastal California. Edison International is also the parent company of Trio (formerly…
UK Power Grid Requires $60 Billion Investment by 2050
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The UK could need up to $63 billion of investment in the power distribution network nationally to support additional demand and generation through 2050, double the current pace of additional investment, said the National Infrastructure Commission, the government’s independent infrastructure advisor. The UK will likely need investments of between $47 billion (£37 billion) and $63 billion (£50 billion) by 2050 as a “step change” is required in investment in Great Britain’s local electricity networks.…
EU to Buy U.S. LNG and Boost Renewables to Replace Russian Gas
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The European Union will look to import more LNG from the United States and other countries and accelerate the rollout of renewable energy as it seeks to replace the Russian gas supply and cut its gas dependence, European Energy Commissioner Dan Jørgensen told Reuters. “Instead of using taxpayers' money, citizens' money, to pay for gas where the revenue goes into Putin's war chest, we need to make sure that we produce our own energy,” Jørgensen said in a joint media interview. To reduce the overall reliance…
ADNOC Closes $2.84 Billion Share Sale in Gas Unit
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Abu Dhabi’s ADNOC has completed a share sale in its gas business unit to the tune of $2.84 billion, making the placement the biggest share sale in the Middle East and North Africa after the secondary share offering of Aramco, Reuters reported. The share placement was launched yesterday, with the size of the offering equal to 4% of ADNOC Gas’ capital. Two years ago, ADNOC raised $2.5 billion from the listing of its gas business unit in what was one of the biggest IPOs in the region in 2023. The IPO offering was 50 times oversubscribed,…
Suriname Seeks 1.5 Billion Dollars to Fund Oil Project
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Suriname’s state oil company needs to find $1.5 billion in funding this year in order to be able to take part in the development of the Gran Morgu deposit, Reuters has reported, noting the project got a final investment decision late last year. Staatsolie is already talking with banks, the managing director of the company told Reuters, and “They're very eager to do it.” The Gran Morgu deposit lies in Block 58—an offshore block explored by TotalEnergies and APA Corp. The French supermajor announced a massive investment plan…
Oil on Track for Weekly Gain
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Crude oil prices were trading higher today, on course for another week of gains despite headwinds from the world of geopolitics and another weekly inventory build estimated for the United States. Brent crude was trading at $76.27 per barrel at the time of writing and West Texas Intermediate was changing hands for $72.27 a barrel after the Energy Information Administration reported a build in crude oil stocks for the second week of February, with drawdowns in fuels as refinery maintenance season begins. In geopolitics, prices were pressured by U.S.-Russian…
AI Data Centers Bet on Next-Gen Nuclear
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Soaring demand for electricity to power the AI boom is creating a global rush to develop small modular reactors to meet the growing energy needs of the Big Tech firms with electricity that’s both reliable and low-carbon. Many start-ups in the United States and Europe are vying to become the first to not only design but also put into commercial operation the next generation of advanced nuclear reactors. The small modular reactors (SMR) are believed to be simpler and cheaper to build and install. Because of their smaller size, it…
Blackouts Are Becoming the Norm—Can the U.S. Power Grid Be Saved?
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Last week, a monkey snuck into a substation in Sri Lanka and knocked out power, plunging the island nation into darkness that lasted six hours. The major blackout forced medical facilities and water purification plants in the country to turn to backup generators to maintain critical operations while traffic was gridlocked because traffic lights were not functioning. Unlike many developing nations, Sri Lanka has ample installed power generation capacity and has plenty to spare even during peak demand periods. Unfortunately, Sri Lanka, like many…
China Schools Europe on the Energy Race
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The European Union is hopelessly behind China on all things energy transition and has no chance to catch up unless it opens up to Chinese technology instead of trying to stem imports that are crucial for the bloc’s emission reduction aims—but that carries its own set of problems. The EU has some of the most ambitious transition-related goals in the world. To be fair, it has been relying on Chinese-manufactured equipment such as solar panels and inverters for years to move its transition forward—but it has also been working on…
Upstream M&A Activity Expected to Decline in 2025
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Upstream merger and acquisition (M&A) activity stood at around $205 billion last year, having continued the strong momentum from 2023, and marked just the second time in the past decade that deal value exceeded the $200 billion mark. But how did things fare last year, and what is the outlook for 2025? North America, despite a 21% year-on-year decline in terms of value, continued to lead that activity, accounting for $134 billion – or 65% – of the total deal value in 2024. This contribution was led by around 17 consolidation-focused…
Caspian Sea Trade Takes Center Stage in Regional Politics
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Azerbaijani leaders are still seething over Russia’s refusal to take responsibility for causing the deaths of 38 people in the accidental shoot-down of an Azerbaijani jetliner over Russian territory. But Baku’s anger is not getting in the way of trade considerations. The state-controlled Azerbaijani press continues to express indignation and defiance over Russia’s response to the December 25 jetliner incident, which a preliminary investigation confirmed was caused by “external” metal objects, or anti-aircraft flak.…
Is the Era of Net Zero Pledges Coming to an End?
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Just a few short years ago BP proudly told us they were embarking on a journey – and I quote – “in support of our purpose to reimagine energy for people and our planet, and our ambition to become a Net Zero company by 2050 or sooner and help the world get to Net Zero.”This week, the oil giant revealed a sizeable slump in profits and its new chief executive had vowed to deliver “a fundamental reset”.So what’s going on? Is Net Zero falling out of fashion?As recently as 2020 BP’s annual report was dripping…
Russia Dangles Arctic Oil to Lure Back U.S. Firms
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The Kremlin is signaling that it’s once again open for business with American oil companies—if the political winds shift. Russian Direct Investment Fund chief Kirill Dmitriev told reporters ahead of talks in Saudi Arabia that Moscow sees a return of U.S. firms as inevitable, arguing that American majors once thrived in Russia and they would be unwise to ignore the opportunity again. The pitch comes as Russia faces mounting pressure to fill the void left by Western oilfield services giants like Halliburton and Baker Hughes, which exited…
U.S. Intelligence Reports Heightened Risk of Israeli Strike on Iran
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U.S. intelligence has concluded that the odds of an Israeli attack on Iran's nuclear program in the next few months are high, according to major American media, but the jury is out on whether Israel can destroy its archfoe's nuclear facilities on its own. Iran is widely believed to be at its weakest and most vulnerable in decades, mostly due to Israeli actions in the past year that severely damaged Tehran's regional network and weakened its air defenses and missile production capabilities. This assessment is "not strange" because the possibility…
Kazakh Oil Output Hits Record High
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Kazakhstan's oil output has surged to a record high despite damage to the Caspian Pipeline Consortium (CPC), its main export route via Russia. Kazakhstan’s oil and gas condensate production clocked in at 2.12 million barrels per day (bpd) on February 19, the sources said, citing official data. Russia reported this week that CPC capacity was cut 30-40% after an attack by Ukrainian drones. It’s not clear how Kazakhstan has managed to ramp up output despite having constrained export capacity. ?azakhstan relies on CPC for more than 80%…
Oil Prices Rise Even As EIA Shows Crude Inventories Build
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Crude oil inventories in the United States saw a build of 4.6 million barrels during the week ending February 14, according to new data from the U.S. Energy Information Administration. Crude oil prices were trending higher today prior to the crude data release by the U.S. Energy Information Administration after the American Petroleum Institute (API) reported on Tuesday a huge build of 3.34 million barrels in U.S. crude oil inventories. Both the Brent and WTI benchmarks were trading up by nearly 0.5% at $76.45 and $72.60, respectively at 10:11 am,…
Americans Brace for Higher Prices at the Pump
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Despite President Trump’s promise he’d bring down energy prices, Americans should brace for higher gasoline prices amid seasonal maintenance at refineries and outages on the West Coast. Yet even higher, prices are down compared to a year ago. “The national average has inched higher, driven primarily by sharp gas price increases on the West Coast, where refinery maintenance and outages have created a ripple effect in neighboring states, pushing prices higher in many communities,” GasBuddy’s head of petroleum analysis,…
Venture Global Gains Approval for Higher LNG Processing Capacity
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The Federal Energy Regulatory Commission (FERC) has allowed Venture Global to raise the processing and export capacity of its latest LNG project, Plaquemines in Louisiana. The approval means that Venture Global is now allowed to increase the Plaquemines LNG capacity to 27.2 million metric tons per year, up from 24 million tons previously planned. Plaquemines LNG shipped its first commissioning cargo at the end of December, exporting LNG to Germany. The plant will be in a commissioning stage for at least another year,…
Japex Shifts Focus Back to Oil and Gas Exploration
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Japanese oil and gas firm Japex is pivoting back to its core business after seeing poor returns in the renewable energy sector, as it becomes the latest major company to scale back green energy investments. “For now, the investment focus will remain on oil and gas exploration and production... as securing a fair return from renewable energy sources such as offshore wind is challenging due to rising costs,” Japex’s president Michiro Yamashita told Reuters in an interview published on Thursday. Japex, which is active…
Oil Prices Climb as Trump Pledges to Refill Strategic Petroleum Reserve
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The U.S. Administration will fill up fast the Strategic Petroleum Reserve (SPR), President Donald Trump said at an investment conference in Miami. “We’ll fill it up fast, but it’s at the lowest level. When we made the transition, it was at the lowest level in history, ever recorded,” President Trump said. “They put it all out because they thought they could keep gasoline prices down a little bit, just go past the election, and after that, they didn’t care,” the President added, criticizing Joe Biden’s…
Abu Dhabi's ADNOC to Boost Liquidity of Gas Business
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Abu Dhabi’s national oil company ADNOC on Thursday launched a share offering of 4% of the capital of its ADNOC Gas business to boost liquidity and the free float of its gas unit which was listed in 2023. ADNOC, which currently owns 90% of ADNOC Gas, announced its intention to offer approximately 3.1 billion shares through a marketed offering to institutional investors. The offering, which begins immediately and is expected to close on February 21, 2025, is subject to acceleration of closing at ADNOC’s sole discretion. In the offer,…
U.S. Refiner HF Sinclair Swings To Loss as Margins Shrink
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Texas-based refiner HF Sinclair Corporation (NYSE: DINO) on Thursday reported a loss for the fourth quarter compared to a profit for the same period of 2023 as refining margins in the United States continued to drop last year. HF Sinclair booked an adjusted net loss of $191 million, or a loss of $1.02 per share, for Q4 2024, compared to an adjusted net income of $165 million, or $0.87 earnings per share, for the fourth quarter of 2023. The loss for the fourth quarter of 2024 was bigger than the $0.89 per-share loss expected in the analyst…
India Reshuffles Trade to Circumvent Russian Oil Sanctions
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India’s crude oil imports from Iraq jumped in January to 1.1 million barrels per day (bpd) as cargo arrivals from all key Indian suppliers rose last month, Shafaq News reports, citing data from trade sources. Thus Iraq remained the second-biggest crude oil supplier to India, which is the world’s third-largest oil importer. Arrivals of Russian crude also rose in January, as cargoes were contracted weeks before the latest U.S. sanctions on Russia’s oil trade network from January 10, which upended global trade flows with…
Aramco to Acquire 25% Stake in Unioil Petroleum Philippines
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Aramco will enter the Philippines in yet another strategic downstream deal as part of the Saudi oil giant’s efforts to expand its retail and downstream offerings in Asia. The world’s biggest oil firm on Thursday signed definitive agreements to buy a 25% equity stake in one of the largest petroleum companies in the Philippines, Unioil Petroleum Philippines. Aramco plans to capitalize on the expected growth of the high-value fuels market in the Philippines with the planned acquisition, which remains subject to customary closing…
UK Energy Operators Face Scrutiny Over Windfall Profits
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Citizens Advice, a UK consumer protection organization, has reported that energy infrastructure operators in the country enjoyed windfall profits paid for by consumers, all thanks to a wrong formula for calculating their returns, as devised by market regulator Ofgem. According to the consumer protection watchdog, energy network operators in the UK saw their profits swell by an excessive 4 billion pounds, or $5 billion, over the last four years while a growing number of households struggled to pay their energy bills. The problem stemmed from Ofgem’s…
Army Corps of Engineers Lists 600 Critical Energy Projects
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The Army Corps of Engineers has identified 600 energy and infrastructure projects to be developed under President Trump’s national energy emergency declaration. Among the projects, Reuters reported, were Enbridge’s Line 5 pipeline through Michigan, which has been waiting for a permit for its new route for several years now, along with several natural gas power plants, and LNG terminals proposed by Cheniere Energy, the biggest LNG exporter in the United States. The U.S. president declared a national energy emergency when he took office,…
Trump Promises Tax Cuts for Oil and Gas Producers
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President Donald Trump will enlist the help of Republicans in Congress to reduce the debt burden on households and companies, notable oil and gas producers, whom he will allow to expense 100% of capital spending, according to Reuters. “If you buy something that is going to be good for our country, we're going to let you expense it,” Trump stated. “We're going to dramatically cut taxes for families and for workers and for companies, including no tax on tips and hopefully no tax on Social Security and no tax on overtime,”…
Canada Revives Old Oil Pipeline Ideas Amid U.S. Trade Spat
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The U.S. tariff threat was a wake-up call for Canadian policymakers that the federal and provincial governments may have too hastily scrapped over the past decade Alberta-to-coast pipeline projects that could have diversified Canada’s oil and gas exports. Everyone in Canada agrees that energy exports are the biggest leverage the country has in a trade war with its neighbor to the south. Canada supplies around 60% of all U.S. oil imports. The oil province of Alberta alone supplies 56% of all U.S. oil imports—twice as much as Mexico,…
Energy Traders Reduce Risk Exposure Amid Trump Chaos
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U.S. President Donald Trump has kicked off his second term with a bang, launching the most systemic and aggressive makeover of the American government. Trump and his allies have moved at lightning speed to force out longtime civil servants by launching a legally suspect buyout program, firing federal prosecutors who worked on criminal cases against Trump, and even attempting to unilaterally shutter the foreign aid agency USAID. Trump’s new administrative strategy closely mirrors what Steve Bannon, former chief White House strategist at the…
The Energy Tech Gap Between Solar and Oil & Gas
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A few weeks ago, an obscure Chinese company, DeepSeek, caused panic in the internet technology business by offering almost the same product for a lot less. The big guys in the business, of course, pooh-poohed the new entrant and the market recovered, sort of. Technological change in energy takes longer, and is less sudden. But it happens as evidenced by two recent announcements. First, the owners of the Ivanpah thermal solar generator in the Mohave Desert want to close it down. California certified the plant for construction in 2010 and it was…
U.S. Oil Industry Braces For More Pain As Inventories Continue to Grow
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The American Petroleum Institute (API) estimated that crude oil inventories in the United rose by 3.34 million barrels for the week ending February 14. Analysts had expected a 2.2-million-barrel build. This adds to the almost 18 million barrels of builds in U.S. crude oil inventories during the last four weeks, including a 9 million barrel build in the week prior. Earlier this week, the Department of Energy (DoE) reported that crude oil inventories in the Strategic Petroleum Reserve (SPR) rose by 0.2 million barrels as of February 14. Inventory…
Can Uruguay Strike Black Gold? Offshore Drilling in Focus
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After decades of developing its renewable energy capacity, Uruguay is now looking to explore for oil and gas, having made no successful discoveries in the past. New hopes of offshore reserves have encouraged the government to welcome foreign oil majors into its waters to explore for crude, despite the potentially harmful environmental implications of these activities. Uruguay is located between Brazil, Argentina, and the South Atlantic Ocean. It has a population of around 3.4 million people and, despite being one of Latin America’s…
Negative Energy Prices Threaten Renewable Investment in Europe
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In 2025 we will see a record number of hours that electricity prices dip below zero, with utilities effectively paying consumers to take energy off their hands. The once rare phenomenon of price inversion is becoming more and more common as more renewable energies are added to electricity grids around the world, presenting new challenges for energy markets, regulators, and grid operators in the decarbonization era. Renewable energies like solar and wind have emerged as clean energy heroes at a time when rapid decarbonization is more urgently needed…
U.S. Aluminum Industry Navigates Tariff Changes
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The Aluminum Monthly Metals Index (MMI) continued to move sideways, with a modest 1.11% rise from January to February. In the face ongoing tariff threats, LME aluminum prices remained consolidated while the Midwest Premium surged. Tariffs Add Chaos to the Aluminum Market Since President Trump’s term started, the aluminum market has been squarely in the crosshairs of trade barriers. News of a 25% tariff on imports from Canada and Mexico set to go into effect on March 1, followed by a 25% tariff on all steel and aluminum beginning March 12,…
What Does the U.S.-Russia Meeting in Saudi Arabia Mean for the Middle East?
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Saudi Arabia is hosting one of the most important diplomatic meetings between Russia and the United States in years. On February 18, U.S. Secretary of State Marco Rubio will meet with his Russian counterpart Sergei Lavrov in Riyadh. The meeting will aim to restore the fraught ties between the two countries. It will focus on ending the war in Ukraine, where Washington has led its European allies in helping Kyiv against a Russian invasion that began three years ago. Experts see the talks as a sign that Saudi Arabia is seeking to assume a central…
Majority of Brits Support Green Taxes for Carbon Reduction
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According to new research, just over half of Brits are in favour of introducing taxes to encourage a reduction in households’ carbon footprint. According to a survey from EPC and energy efficiency platform epIMS, the most-favoured tax of those surveyed was a waste management levy, with a quarter of respondents supportive of a tax on the failure to recycle properly. Just 44 per cent of UK household waste was recycled in 2022, according to government statistics, with this rate going down instead of improving in England. While eight environmental…
Trump's Tariffs Create Uncertainty in European Steel Market
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Via Metal Miner European bodies recently criticized U.S. President Donald Trump’s order to introduce tariffs on all steel and aluminum imports entering the country. Meanwhile, experts at home and abroad continue to evaluate how the trade dispute will affect steel prices and aluminum prices. The European Commission, the European Union’s executive arm, recently vowed that it would respond swiftly to Trump’s February 10 order to impose a 25% import tariff on steel and 10% on aluminum, regardless of the point of origin. If you’re…
G7 Weighing Tightening Russian Oil Price Cap
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The Group of Seven is considering collectively tightening an oil price cap on Russian petroleum in an effort to cut Moscow’s oil revenues as the war in Ukraine rages on, Bloomberg has revealed. A draft statement seen by Bloomberg shows that these nations could task their finance ministers to collectively redraw the price limit--currently set at $60 a barrel for Russian crude. Last December, the Biden administration tightened sanctions on Russian oil. Middlemen who supply Russian oil have stopped offering cargoes after the latest U.S. sanctions…
Port Talbot's £1.25 Billion Electric Furnace Project Approved
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Proposals by Tata Steel to build a £1.25bn electric furnace in Port Talbot have been given the go-ahead by a local council. Neath Port Talbot Council’s planning committee on Tuesday approved what amounts to one of the most significant investments made in the UK steel industry in decades. The electric furnace will replace two traditional blast furnaces that closed last year, coming into operation at the end of 2027. It will preserve some 5,000 Tata Steel UK jobs and is supported by £500m in subsidy from the government. “This…
Steep Backwardation in European Diesel
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Europe’s diesel markets are flashing signs of tightness, with near-term diesel contracts on Tuesday hitting the steepest backwardation--a situation where futures contracts for prompt delivery are more expensive than those further down the curve--since March. Backwardation is often interpreted as a sign of limited supply, with traders now willing to pay a premium for fuel that’s available sooner. In contrast, Europe’s natural gas prices have pulled back sharply, with Title Transfer Facility (TFF) natural gas futures falling to…
U.S. and Russia Hold First Talks to End Ukraine War in Riyadh
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Top U.S. and Russian officials have finished their first talks on ending the war in Ukraine, with Moscow voicing new demands for holding sweeping talks about bringing the nearly three-year conflict to an end. The nearly five-hour meeting in Riyadh is part of a major diplomatic push by the United States to bring the war to an end, and it was framed by U.S. officials as exploratory discussions that could pave the way for a potential in-person meeting between U.S. President Donald Trump and Russian President Vladimir Putin. Following the end of the…
Germany’s Power Prices Dip as Natural Gas Falls amid Ukraine Talks
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Germany’s year-ahead power futures prices fell this week to the lowest level since the beginning of the year amid falling European natural gas prices as talks on a peace deal in Ukraine began. In recent months, Germany has become more dependent on fossil fuel-powered generation amid low wind speeds that have curbed wind power output. The U.S.-Russia negotiations on a peace agreement in Ukraine, which began on Tuesday in Saudi Arabia, have been depressing Europe’s benchmark gas prices. Dutch TTF Natural Gas Futures, the benchmark for…
Drone Attack Boosts Oil Prices but Upside Remains Limited
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Oil prices climbed on Tuesday morning following a drone attack on a key Russian oil pipeline. At the same time, the prospect of a Russia-Ukraine peace deal is limiting the upside for oil prices as it could ultimately lead to a flood of Russian crude to the market. - Europe’s wind generation posted a whopping 16% year-over-year decline, triggering a largely unexpected squeeze on natural gas inventories, however despite huge wind park buildouts globally climate change could make wind generation less efficient over the upcoming years.- The amplified…
Brazil’s Government Divided on Nuclear Plant 40 Years Under Construction
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The government of Brazil is debating whether the country should complete the construction of a nuclear power plant that has been under construction for 40 years, and is divided on the issue, Reuters reported on Tuesday, citing sources with knowledge of the matter. Contraction for the Angra 3 power plant, Brazil’s third nuclear facility, began in the 1980s. But works have been abandoned several times due to issues with financing and corruption probes, among others. The first nuclear concrete for the reactor was poured in 2010, but construction…
Iraq Eyes Qatari LNG Imports as It Reduces Reliance on Iran
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With Iraq’s hydrocarbons making waves and LNG and KRG oil hitting the headlines, the potential for a bright future in the energy sector is becoming increasingly evident. Iraq’s hydrocarbon future looks promising if Prime Minister Al Sudani’s government can implement a more functional and feasible investment strategy in the coming weeks. Given its vast hydrocarbon reserves—highly attractive in quality—and its low production costs per barrel, the country should have achieved self-sufficiency and boosted its export potential…