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U.S. President Donald Trump’s core vision of the future of global oil and gas is to have as much of that supply as possible coming from his self-proclaimed ‘Americas’ region, which is directly in the U.S.’s sphere of influence. Venezuela is one of the key countries from which this increased production is designated to flow, which is why Washington is focusing so much of its efforts on encouraging…
ICE canola futures rise despite drop in soyoil and crude oil
US strategy links Myanmar peace talks to rare-earth access
In June 1973, during a hearing on the Watergate scandal erupting around President Richard Nixon, Sen. Howard Baker, a Republican from Tennessee, uttered the most famous words of his entire career: "What did the president know and when did he know it?" It turned out that Nixon knew a lot early on, and that led to his resignation from the presidency a little more than a year later. Since then, a…
Sunday saw another vessel attacked in Persian Gulf regional waters. The UK Maritime Trade Operations agency (UKMTO) reported that a ship was struck by two projectiles some 83 miles east of Ras al-Khafji, which is the Saudi town on the Kuwaiti border in the northern Persian Gulf. Significantly and unusually, this particular attack occurred hundreds of miles from the Strait of Hormuz itself. Also,…
A year after forecasting that oil demand would keep rising until 2040, TotalEnergies has moved its peak forward to between 2035 and 2040, and says the Iran war could accelerate the energy transition. The company’s annual energy outlook, released on Monday, projects demand for petroleum products plateauing through the 2030s before a slow decline. Chief sustainability officer Aurélien Hamelle told…
Concern is rising in Central Asia about the region’s ability to generate sufficient heat and electricity during the upcoming winter season. Worries are perhaps greatest at present in Kyrgyzstan, where demand has surged in recent weeks due to the early onset of cold weather. An October 29 report published by the 24.kg news agency highlighted that Central Asia’s power grid is fragile, at risk of…
Oil prices plunged nearly 7% on Monday after Washington and Tehran both signaled they would give diplomacy a chance, wiping out part of the war premium that lifted crude through October. Brent traded at $105.60 per barrel, down $7.85, and WTI fell $7.20 to $96.92. Iranian President Masoud Pezeshkian said on Monday that the Supreme Leader has granted the government “certain authorities” over peace…
A group of U.S. companies is proposing to build and operate a $4.4-billion LNG import and storage terminal in Pakistan, local media reported on Monday, as Pakistan faces high gas import costs with disrupted Qatari LNG flows. The companies, supported by the Trump Administration, include Global Vision Energy Partners (GVEP) and Khanjee Holdings, plus international strategic partners and…
UAE boosts oil exports despite Iran war, energy minister says
The attacks last week in Saudi Arabia’s largest oil refinery, Ras Tanura (again), by the Iran-backed Houthis (again), which pushed oil prices up (again), once more underlined the powerlessness of the region to properly defend itself from Iran and its network of proxies and the redundancy of the billions of dollars’ worth of defence equipment the region’s countries bought from the U.S. to do…
A major oil hub in Russia’s Volga region appears to have caught fire after an attack, Bloomberg reported on Monday, citing satellite images from NASA’s Fire Information for Resource Management System. An image taken on Monday showed a relatively fresh heat anomaly, which could mean fires at the Samara crude oil pumping station, according to the imagery Bloomberg has analyzed. The potential…
With the election settled, the presidency continuing for four more years and a newly elected Congress taking office in February, Brazil’s data center policy now hinges on execution, requiring tight coordination between parliament and the executive branch. Most clean tech policies can advance through decrees and agency rules, but data centers are an exception: Unlocking hyperscale investment…
Oil prices extended losses from Asian trade into early Monday morning U.S. time as a draft proposal on a potential end to the U.S.-Iran war is now being circulated after Iranian negotiators left Qatar, an official briefed on the talks told Reuters on Monday. Oil prices slumped by 3% in Asian trade on Monday amid renewed optimism about a possible peace deal between the United States and Iran,…
European gas retreats from 2022 highs following 30% October surge
Morning Bid: Apple’s healthier core
Iraq has boosted its crude oil exports via the Turkish Mediterranean port Ceyhan to 500,000 barrels per day (bpd), as OPEC’s second-largest producer has started trucking Basrah crude to the pipeline system to the north. Iraq has hiked exports from Turkey to 500,000 bpd for the first time since pipeline operations resumed in September 2025, climbing from about 350,000 bpd, a source at the North…
Iranians have left Doha talks, draft proposal for US deal being circulated, official says
Goldman Sachs commodity analysts have revised their price forecast for Brent crude upwards, now expecting the benchmark to average $105 in December and remain elevated next year as well. This represents a nearly 17% increase from Goldman’s previous December forecast of $90 per barrel, with the team citing heightened risks to supply security, as reported by Bloomberg. The revision, which is the…
China’s slow buying of US farm goods tests $17 billion trade pledge
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