Trump’s Tariff Threat Looms Over Brazilian Oil Exports
Saturday, July 12,2025,23:00
Brazil has become the latest target of U.S. President Donald Trump’s ire after the Republican frontrunner threatened 50% tariffs on the South American giant for allegedly persecuting right-wing ex-president Jair Bolsonaro. In a post on Truth Social, Trump called on Brazilian President Luiz Inácio Lula da Silva to halt what he described as a “Witch Hunt that should end IMMEDIATELY!” Bolsonaro is currently on trial for allegedly attempting to overturn the results of the 2022 election. Tensions have escalated. Lula has promised… .. read more..
Europe Won’t Need Russian Gas in the Future
Saturday, July 12,2025,19:00
Since the Russian invasion of Ukraine in February 2022, the European Union has been working to decrease its dependence on Russian energy. The EU responded to Russia’s invasion by introducing sanctions on a range of energy products, including oil and gas, which it has gradually strengthened over the last three years as the region has reduced its reliance on Russian energy. Now, the EU and several energy experts believe that Europe will not need to go back to using Russian gas in the future, having successfully strengthened and diversified… .. read more..
Iron Ore Prices Surge Amid China's Industrial Crackdown
Saturday, July 12,2025,17:00
Iron ore futures in Singapore surged toward $100 a ton — the highest since May — fueled by renewed pledges from the Chinese government to curb overcapacity in key industrial sectors. Beijing's comments have boosted sentiment across ferrous markets. Singapore futures jumped as much as 3.6% during the session, marking the largest daily gain since September. Iron ore futures have traded in a tight range between $90 and $110 a ton for more than 18 months. Futures on the Dalian Exchange — which are more influenced by the Chinese… .. read more..
The Tech Upgrade That Might Finally Fix the World’s Energy Grids
Saturday, July 12,2025,15:00
Many countries need to invest heavily in upgrading their electrical grid system, as vast quantities of renewable energy get connected, many from non-conventional energy-producing regions. In most countries, the transmission network was built several decades ago around conventional power plants in energy hubs. However, as countries increase their green energy capacity and decentralise energy production, most grid systems cannot cope with the influx of electricity from alternative regions at varying levels throughout the day. Governments worldwide… .. read more..
Centre eases sulphur emission rules for coal power plants, reversing decade-o...
Saturday, July 12,2025,10:18
India has rolled back a decade-old clean-air mandate, relaxing sulphur emission rules for most coal-fired power plants. The government order exempts 79% of plants outside populated areas from installing flue-gas desulphurisation systems. Only 10% of plants near major cities must install the equipment by 2027, raising concerns about competitiveness and cost recovery. .. read more..
Russia’s Aid Agency Aims to Fill USAID’s Void
Friday, July 11,2025,23:00
The head of Rossotrudnichestvo, Russia’s international assistance agency, has an ambitious plan for the Kremlin soft-power entity to fill development gaps created by the dismantling of the US Agency for International Development. For that to happen, however, Rossotrudnichestvo will have to surmount major financing and image-related hurdles. In a wide-ranging interview published by the Russian outlet RBC, the agency’s chief, Yevgeny Primakov, revealed that he is seeking to revamp and expand activities, taking advantage of USAID’s… .. read more..
Robinhood is up 160% this year, but several obstacles are ahead
Friday, July 11,2025,22:18
Robinhood faces fresh pressure from a Florida investigation and regulatory scrutiny of the company’s OpenAI and SpaceX tokenized stock products. .. read more..
Tron's Justin Sun says he's buying another $100 million of Trump's memecoin
Friday, July 11,2025,22:10
Crypto billionaire Justin Sun is buying another $100 million worth of $TRUMP, doubling his total known stake of digital coins tied to President Donald Trump. .. read more..
Russian Urals oil prices hold below price cap on weaker Brent, Reuters calcul...
Friday, July 11,2025,21:00
The price of Russia’s Urals crude oil remained $2 per barrel below the $60 per barrel limit imposed by Western nations amid weak Brent prices, Reuters calculations based on traders’ data showed on Friday. Oil prices edged up on Friday, as investors weighed a tight prompt market against a potential large surplus this year, according ... .. read more..
OPEC+ move to defend market share
Friday, July 11,2025,21:00
OPEC+ goes with another large supply hike Despite OPEC+ originally announcing three larger-than-expected supply hikes this year (the latest being a 411k b/d increase for July), which have essentially cemented the shift in the group’s output policy, oil prices have held up relatively well. This is due to a flare-up in geopolitical risks, while the ... .. read more..
Prices decline on stable supply, weak demand
Friday, July 11,2025,21:00
Dutch and British wholesale gas prices declined slightly on Friday morning amid stable supply and weak demand. The benchmark Dutch front-month contract at the TTF hub (TRNLTTFMc1) inched down by 0.17 euro to 35.30 euros per megawatt hour (MWh) by 0814 GMT, while the day-ahead contract (TRNLTTFD1) was 0.20 euro lower at 34.45 euros/MWh. The ... .. read more..
BP flags gas, oil price hit; higher upstream output in second quarter
Friday, July 11,2025,21:00
BP’s BP. second-quarter results are expected to be impacted by lower prices received for gas and oil, while its upstream output is set to be higher than previously forecast, the company said in a trading update on Friday ahead of results due on August 5. Crude oil prices fell in the quarter as OPEC+, made ... .. read more..
India needs to boost its petchem output to counter China’s dominance, Relianc...
Friday, July 11,2025,21:00
India needs to increase its petrochemical production capacity to meet local and global demand and contain China’s growing dominance of the sector, a senior Reliance Industries official said on Friday. Petrochemical margins have shrunk across the world as China’s capacity expansion has created a surplus. For some of its refiners, up to 40%-50% of their ... .. read more..
US natgas prices steady as rising LNG exports offset less hot forecasts
Friday, July 11,2025,21:00
U.S. natural gas futures held steady on Friday as rising flows to liquefied natural gas (LNG) export plants offset forecasts for less hot weather and lower demand next week than previously expected. Front-month gas futures for August delivery on the New York Mercantile Exchange rose 1.4 cents, or 0.4%, to $3.351 per million British thermal ... .. read more..
LNG Canada’s start-up yet to lift gas prices amid supply glut
Friday, July 11,2025,21:00
Last month’s start-up of LNG Canada, the country’s first large-scale liquefied natural gas export facility, has failed to lift Western Canadian natural gas prices as quickly as some market participants and observers expected, due to a persistent supply glut and the gradual pace of the facility’s ramp-up. Shell-led SHEL LNG Canada shipped its first cargo ... .. read more..
W. Africa Crude-Differentials steady ahead of September loading schedule
Friday, July 11,2025,21:00
West African crude oil differentials were steady on Friday, ahead of the start of the September loading schedule. * Angola’s September loading schedule is expected early next week, a trade source said. * There are still a handful of Angolan August cargoes available. * Among recent offers was Qua Iboe in the range of dated ... .. read more..
Asia Distillates: August spot offers trickle in; jet fuel west arbs remain wide
Friday, July 11,2025,21:00
Asia’s middle distillates markets were brimming with spot offers for August on Friday, though prices took a slight breather and slipped slightly after the last few sessions of gains. August spot sales started trickling into the market, led by more offers from several northeast Asia-based oil majors – including China – for both 10ppm sulphur ... .. read more..
Middle East Crude-Benchmarks slip; Saudi August shipment to China to rise to ...
Friday, July 11,2025,21:00
Middle East crude benchmark spot premiums of Oman, Dubai and Murban slipped on Friday and registered weekly declines as OPEC+ planned a higher-than-expected hike for its August output. Saudi Arabia’s crude oil exports to China are set to rise to the highest in more than two years in August, five trade sources said on Friday, ... .. read more..
ThyssenKrupp Modernizes Hot Rolled Strip Mill
Friday, July 11,2025,21:00
Via Metal Miner German flats producer ThyssenKrupp Steel recently commissioned a modernized strip mill at its main site in Duisburg as well as new upstream equipment. On July 4, the steel industry titan released a statement detailing that the modernized hot rolled strip mill will be able to roll 3.1 million metric tons of hot rolled coil in widths of 900-1,600mm and in 1.2-9mm gauges. “The new units are located at the interface between upstream operations and hot strip production, making them a core feature of the integrated production network… .. read more..
U.S. and Brazil Become Key Oil Suppliers to India
Friday, July 11,2025,18:30
India has sharply increased its crude oil imports from the United States and Brazil in the first half of 2025, marking a strategic deepening of ties with non-OPEC suppliers amid heightened global volatility and supply risk recalibrations. According to new data from S&P Global Commodity Insights cited by Indian media outlets, US crude shipments to India rose 51% year-on-year to 271,000 barrels per day between January and June, up from 180,000 bpd a year earlier. Imports from Brazil surged 80% to 73,000 bpd, compared to 41,000 bpd during the… .. read more..
U.S. Oil Rigs Continue to Slump On Price Uncertainty
Friday, July 11,2025,17:14
The total number of active drilling rigs for oil and gas in the United States slipped again this week, according to new data that Baker Hughes published on Friday, following a 8-rig decrease in the week prior. The total rig count in the US fell by 2 to 537 rigs, according to Baker Hughes, down 47 from this same time last year. The number of oil rigs fell by 1 to 424 after falling by 7 during the previous week—and down by 54 compared to this time last year. The number of gas rigs stayed the same this week, to 108 for a gain of 8 active gas… .. read more..
Trump raises Canada tariffs, but spares energy from new increases: report
Friday, July 11,2025,16:32
Goods from North American neighbour to be hit with 35% rate .. read more..
US supermajor declines to buy Mars grade crude after zinc contamination: report
Friday, July 11,2025,16:32
ExxonMobil tells traders it will not touch stream until issue is resolved, Reuters reports .. read more..
Saudi Arabia's Production Increase Sparks Credibility Concerns
Friday, July 11,2025,16:30
After two years of playing the role of OPEC+ model citizen, Saudi Arabia has decided it’s time to loosen the tie—at least according to the IEA. According to the International Energy Agency, the Kingdom overshot its June production quota by a whopping 700,000 barrels per day, pumping 9.8 million bpd—the highest in two years. OPEC's official production figures are due Tuesday, and some analysts have already suggested they’ll show near-perfect compliance. But speculating about manipulated data before it’s released… .. read more..
Alaska Sinks to Bottom of Business Rankings on Oil Price Woes
Friday, July 11,2025,16:00
The high dependence on oil for state revenues is squeezing Alaska’s budget when oil prices decline and making its economy grow below the national average. The struggling economy amid volatile oil prices is the key reason why Alaska has been rated as the worst state for doing business in America in 2025 by CNBC. Alaska ranks 50th in CNBC America’s Top States for Business rankings in 2025. The state of the economy has the biggest weight in compiling the rankings, but workforce, infrastructure, the cost of doing business, and technology… .. read more..
Russia’s Oil Export Revenues Dip 14%
Friday, July 11,2025,15:30
Russia’s export revenue from crude oil and petroleum products slumped by 14% in June compared to the same month last year, the International Energy Agency (IEA) said in its monthly report published on Friday. The Kremlin received $13.57 billion from sales of crude and refined oil products last month, down by nearly 14% from a year earlier, according to the IEA’s estimates. The report also showed that Russian crude oil production remained broadly flat at almost 9.2 million barrels per day (bpd) for each of June and May. Russia’s… .. read more..
Geopolitical Risk and Tariff Delays Push Oil Prices Higher
Friday, July 11,2025,15:00
Oil prices are set to end the week higher after geopolitical risk climbed and Trump delayed tariff announcements. Friday, July 11th, 2025 Oil prices are set for a marginal weekly gain after the commodity markets’ worst-case scenario – US President Trump announcing tariffs on most of the world – was temporarily averted, with the White House postponing the decision-making deadline to August. Meanwhile, the return of the ‘Houthi missile factor’ adds to oil’s geopolitical risk premium and helped to keep… .. read more..
Alaska is America's worst state for business in 2025 as falling oil prices si...
Friday, July 11,2025,14:59
A big drop in crude prices year over year leaves Alaska, reliant on oil for revenue, at the bottom of CNBC's annual Top States for Business rankings. .. read more..
European Heatwaves Trigger a Solar Power Boom
Friday, July 11,2025,14:38
1. OPEC Turbocharges Long-Term Demand Outlook Meeting in Vienna this week for its biennial seminar, OPEC has projected an even more bullish outlook for crude oil consumption than its previous forecasts, expecting global demand to hit 122.9 million b/d by 2050. Discarding environmentalist agendas promoted by Western governments as ‘unworkable’, the oil group is seeing India, Southeast Asia, the Middle East and Africa as the four main pillars of demand growth in the next 25 years. Simultaneously, OPEC has also cut its 2026-2029… .. read more..
India Needs Strong Petrochemical Sector to Compete With China
Friday, July 11,2025,14:30
India should boost its petrochemicals production to meet local demand and counter China’s growing global lead in the sector, a senior executive at India’s top private refiner, Reliance Industries, said on Friday. India needs to bolster its petrochemicals presence as China is taking over “the entire petrochemical industry”, Vikram Sampat, senior vice-president, strategy and business development, for the polyester chain at Reliance Industries, said at an industry conference, as carried by Reuters. China’s petrochemicals… .. read more..
Trump to Announce Major Russia Statement Monday
Friday, July 11,2025,14:00
The United States is sending weapons to Ukraine through NATO, US President Donald Trump said on July 10, a week after the Pentagon said some weapons deliveries to the war-torn country were being paused. Trump also said he would make a "major statement" on Russia on July 14. He did not elaborate on what the statement would be but provided an explanation about the supply of US weapons. "We're sending weapons to NATO, and NATO is paying for those weapons, 100%. So what we’re doing is the weapons that are going out are going to NATO, and then… .. read more..
Both Russia and the Houthis Are Escalating Attacks
Friday, July 11,2025,14:00
Politics, Geopolitics & Conflict Russia has escalated aerial attacks on Kyiv, launching over 400 drones and 18 missiles against military-industrial targets, as Ukraine's Western allies recalibrate support amid growing fatigue and fragmentation. The U.S. has resumed weapons shipments under the Trump administration, while the EU is doubling down on economic pressure, proposing a floating oil price cap that would replace the static $60/barrel ceiling with a benchmark-linked mechanism starting just above $45. This would adjust to global market… .. read more..
Libya Remains on Edge as Oil Majors Return
Friday, July 11,2025,14:00
We continue to watch Libya unravel as rival power centers attempt to reassert territorial and institutional control, but international oil majors are re-engaging nonetheless, and analysts like to opine that their big oil money could help stabilize the country. That is a possibility; however, the reverse is currently more likely unless Benghazi and Tripoli find a way to split the spoils (as the only thing that would prevent another civil war). The Tripoli-based Government of National Unity (GNU), led by interim Libyan PM Dbeibah, is now in… .. read more..
Traders Weigh OPEC+, Tariffs, and Resilient Demand
Friday, July 11,2025,14:00
The crude oil market traded with sharp volatility this week as traders balanced OPEC+ production increases, renewed geopolitical risks, and the threat of U.S. tariffs against evidence of strong underlying demand. This interplay shaped price action, with the market testing downside levels but finding bids on signs that supply additions may be absorbed more easily than feared. OPEC+ Supply Increases Pressure Oil Prices Forecast OPEC+ made headlines by announcing a 548,000 bpd production increase for August, a sharp acceleration from the previous… .. read more..
Taking Advantage of a Disparity in Lithium Stocks’ Performance
Friday, July 11,2025,14:00
I have said it before a few times, but, in general, if a market move doesn’t make sense to me, the first thing I do is check my own assumptions. It is, after all, much more likely that I have made a mistake in my analysis than it is that the collective wisdom of thousands of highly paid experts has missed something important. Every now and again, though, try as I might, I cannot see why a particular stock is being bought or sold, or why there is a disparity in performance within a sector or industry. Lithium stocks are right now a puzzle… .. read more..
Shell Obtains Permission to Drill for Oil and Gas Offshore South Africa
Friday, July 11,2025,13:43
Shell has received environmental authorization to drill up to five deepwater wells to explore for oil and gas off the west coast of South Africa. “Should viable resources ?be found offshore, this could significantly contribute to? South Africa’s energy security and the government’s economic development programmes,” the supermajor said in a statement carried by Reuters. The company did not provide details of the drilling plans. Shell applied last year for environmental authorizations to drill ultra-deepwater wells offshore… .. read more..
TotalEnergies close to reaching target depth in Suriname deepwater well
Friday, July 11,2025,13:39
Market regulator Staatsolie expects up to 10 wells to be drilled in the country by 2026 .. read more..
IEA Sees Oil Supply Outpacing Demand Despite Tight Summer Market
Friday, July 11,2025,12:41
Global oil supply growth is expected to materially exceed demand growth this year despite the tight market balance in the peak summer consumption season, the International Energy Agency (IEA) said in its monthly report on Friday. Following OPEC+’s supersized production hike for August, the IEA revised up its estimate of global oil supply growth to 2.1 million barrels per day (bpd) for 2025 in its Oil Market Report for July, up by 300,000 bpd from last month’s projection of 1.8 million bpd growth. At the same time, global oil demand… .. read more..
BP Sees Lower Oil Prices Denting Q2 Profit
Friday, July 11,2025,12:37
Lower oil and gas prices are expected to dent the second-quarter earnings at BP, despite higher output and stronger refining margins. BP’s realizations in the oil production and operations segment are expected to be $600 million-$800 million lower in the second quarter compared to the first quarter, the supermajor said in a trading statement on Friday ahead of publishing full Q2 results on August 5. Brent oil prices averaged $67.88 per barrel in the second quarter compared to $75.73 a barrel in the first quarter 2025, the company said. BP’s… .. read more..
Russian gas independent boosts output despite sanctions
Friday, July 11,2025,11:41
Novatek sees higher natural gas and liquids output in the first half of this year .. read more..
Australian Rare Earths Stocks Surge After U.S. Takes Stake in MP Materials
Friday, July 11,2025,11:20
Australia’s rare earths producers saw their shares jump on Friday as the U.S. Department of Defense’s deal with U.S. rare earth producer MP Materials boosted sentiment across the Western industry amid Chinese export controls. Shares in Australia’s Lynas Rare Earths, the world’s biggest producer outside China, surged by 17% on the Australian Securities Exchange on Friday. The stock surge sent Lynas Rare Earths shares to their highest level since August 2022. Critical minerals producer Iluka Resources jumped by as much as… .. read more..
Indonesia Widens $17-Billion Corruption Probe Into State Energy Firm
Friday, July 11,2025,10:15
Indonesia’s attorney general's office has widened the corruption investigation into oil procurement involving state oil and gas firm Pertamina, which is alleged to have cost $17.6 billion (285 trillion Indonesian rupiahs) in economic losses to the country. In a follow-up to the probe, Indonesia has named nine more suspects in the graft case involving the procurement of crude and oil products. Six of the newly named suspects are former executives at units of the state oil and gas firm, and three are from private companies. These are a former… .. read more..
BP stock price rises on surprise production and oil trading guidance
Friday, July 11,2025,09:46
Second-quarter trading update flags increased oil and gas output and strong oil trading results, but warns that lower commodity prices will hit earnings .. read more..
The Commodities Feed: OPEC+ nearing the end of supply hikes
Friday, July 11,2025,09:00
Energy – Oil falls while natural gas rallies Oil prices came under pressure yesterday with ICE Brent settling more than 2.2% lower, taking it back below US$70/bbl. This morning, prices have recouped some of this decline after President Trump said he plans to make a “major” statement on Russia on Monday. This could leave the ... .. read more..
Oil prices steady as investors weigh duller market outlook and tariffs’ impact
Friday, July 11,2025,09:00
Oil prices were stable on Friday, as investors weighed a weaker market outlook for this year by the International Energy Agency (IEA) despite tightness in the prompt market, in addition to tariff concerns and possible further sanctions on Russia. Brent crude futures were up 19 cents, or 0.28%, at $68.83 a barrel as of 0807 ... .. read more..
US EIA slices spot gas price forecast as H1 production growth restores invent...
Friday, July 11,2025,09:00
The US Energy Information Administration July 8 lowered its spot natural gas price forecast for the remainder of 2025, citing above-average storage injections starting in late April alongside production increases in the second quarter. The agency, in its July Short-Term Energy Outlook, reduced its forecast for Q3 Henry Hub natural gas spot prices by 64 ... .. read more..
Embattled Iran slams consequences of war on oil markets
Friday, July 11,2025,09:00
Iran’s oil minister criticized the effects of war-led disruptions to oil markets, weeks after Tehran’s 12-day hostilities with Israel sent crude price soaring. In remarks via videoconference for the OPEC seminar in Vienna, Mohsen Paknejad said, “Whatever the cause, an aggression of war that leads to the disruption of the supply of oil and gas ... .. read more..
Nigeria’s Dangote refinery plans 1.6 mln barrels fuel storage tanks in Namibi...
Friday, July 11,2025,09:00
Nigeria’s Dangote petroleum refinery will construct storage tanks in Namibia to hold at least 1.6 million barrels of gasoline and diesel to supply refined fuel to southern Africa, two sources told Reuters. The move underscores the refinery’s ambition to dominate fuel supply in Africa and beyond, potentially reshaping energy trade flows in the region and ... .. read more..
Electric Truck Sales Surge in China
Friday, July 11,2025,09:00
Sales of so-called new energy trucks in China jumped by 175% over the first half of the year from a year ago, driven higher by generous subsidies and fast expansion of the charging network, Reuters has reported, citing figures from a Chinese consultancy. Per the Sublime China Information figures, 76,100 new energy trucks were sold in the country between January and June, with electric trucks accounting for 90% of the annual sales increase. The rest came from LNG-powered trucks, which are also gaining popularity in China. If the trend continues,… .. read more..
India needs to boost its petrochemical output to counter China's dominance: R...
Friday, July 11,2025,08:03
A Reliance Industries official emphasized India's urgent need to expand its petrochemical production capacity to meet rising domestic and global demand, while also countering China's growing dominance in the sector. With petrochemical margins shrinking due to China's surplus, India aims to increase its petrochemical intensity in refining portfolios. .. read more..