In the high-stakes world of global markets, the U.S. stock market has been on a tear, adding a staggering $14 trillion in value since April lows, with the S&P 500 surging 32%. This rally, as highlighted in a recent Bloomberg analysis, is largely fueled by investor anticipation of Federal Reserve interest rate cuts resuming after […]
In a dramatic eleventh-hour compromise, California lawmakers have forged a deal with the oil industry aimed at bolstering domestic crude production amid looming refinery closures that threaten to drive up gasoline prices. The agreement, embedded in Senate Bill 237, streamlines environmental approvals for thousands of new oil wells in the state’s prolific Kern County while […]
Weekly Daily Standup Top Stories Oklo Commences First Phase Construction on Nuclear Fuel Recycling Facility September 5, 2025 Clark Savage In a significant step toward advancing the U.S. nuclear energy sector, Oklo Inc. (NYSE: OKLO) has announced the commencement of the first phase of construction for a cutting-edge nuclear fuel recycling facility in Oak Ridge, […] Treasury […]
Woodside welcomed the Australian government’s final decision to grant environmental approval for the NWS project extension in a statement on Friday. The Australian government has been considering a proposal to extend the operating life of the NWS gas plant in Karratha, Western Australia, beyond the expiry of its current approval in 2030, until 2070. Woodside […]
EIA said in its weekly report, citing shipping data provided by Bloomberg Finance, that the total capacity of these 34 LNG vessels is 129 Bcf. This compares to 26 LNG vessels and 108 Bcf in the week ending September 3. According to data from S&P Global Commodity Insights, average natural gas deliveries to US LNG export terminals […]
Spark’s data lead, Qasim Afghan, told LNG Prime on Friday that Spark30S (Atlantic) LNG freight rates “remained relatively steady this week $29,000 per day, whilst Spark25S (Pacific) fell a further $1,000 to $31,500 per day.” “Spark’s Atlantic freight forward curve (Spark30FFA) prices for Winter 2025 are currently assessed at an average of $29,700 per day, […]
The U.S. Energy Information Administration (EIA) revealed its latest Brent spot price forecast for 2025 and 2026 in its September short term energy outlook (STEO), which was released on September 9. According to its latest STEO, the EIA expects the Brent spot price to average $67.80 per barrel in 2025 and $51.43 per barrel in […]
EU countries should move faster to abandon Russian energy sources, as this would help speed up the end of the war in Ukraine, according to US Energy Secretary Chris Wright. “The European Union could phase out Russian oil and gas faster and it would be helpful in ending the war in Ukraine,” the US Energy Secretary […]
Russia’s budget revenues from oil and natural gas sales have dropped by more than 20% in 2025, according to data released by the finance ministry in Moscow. The department blamed the significant decrease on lower oil prices. The official stats come amid increased U.S. pressure on buyers of Russian crude around the world. Are you […]
The International Energy Agency, which has repeatedly predicted that global oil demand growth will peak before 2030, has drafted a report admitting that both oil and gas demand are set to continue growing for decades. Bloomberg’s Javier Blas reported the news in a column this week, citing a draft of the IEA report, World Energy Outlook. The […]
