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Home2025June

Month: June 2025

Canada tariff issues, created by Grok on X
Crude Oil News

All trade with Canada on notice for tariffs. What does this mean for oil, electricity and agriculture?

June 27, 2025 Clark Savage

On June 27, 2025, President Donald J. Trump took to Truth Social to announce a new chapter in the ongoing saga of U.S.-Canada trade relations, signaling a hardline stance on tariffs. “Canada’s been ripping us […]

Price
Finance

PCE Inflation Accelerates. But Tariffs Haven’t Shown Up Yet: Why the Fed Is in Wait-and-See Mode

June 27, 2025 Stu Turley

The 6-month PCE price index accelerated to 2.8% annualized, despite dropping energy prices. It’s been 2.7% to 3.3% in 2025, sharply higher than in the 2nd half of 2024. By Wolf Richter for WOLF STREET. The inflation measure […]

Energy News Beat - The oil price spike that did not happen. Geopolitics and investing - Created by Grok on X
Crude Oil News

Energy News Beat: Geopolitical Insights for Oil and LNG Investors Amid a Surprising Price Stability

June 27, 2025 Clark Savage

In a recent opinion piece for The Daily Caller, energy expert David Blackmon highlighted a curious phenomenon: despite Israel’s military actions against Iran starting June 12, 2025, the anticipated oil price spike failed to materialize. […]

Energy in Crisis: How Geopolitics is Shaping the Commodities Market Wasif Latif
Crude Oil News

Energy in Crisis: How Geopolitics is Shaping the Commodities Market

June 27, 2025 Clark Savage

In this episode of Energy Newsbeat – Conversations in Energy, Stuart Turley and Wasif Latif discuss the impact of geopolitical tensions, particularly the escalation in the Middle East, on the commodities market. They explore the […]

The GNA II plant, located in Porto do Açu, Rio de Janeiro - Created by Grok on X
Biofuels

Brazil’s Gas Demand Soars with New Gas-Fired Thermal Plant

June 27, 2025 Clark Savage

Brazil’s energy landscape is undergoing a significant transformation with the recent commissioning of GNA II, the country’s largest gas-fired thermal plant. This milestone is set to boost Brazil’s natural gas consumption, marking a pivotal moment […]

Crude oil storage in Cushing Oklahoma created by Grok on X
Crude Oil News

Filling the U.S. Oil Reserve Pushed Back Seven Months

June 27, 2025 Clark Savage

The U.S. Department of Energy (DOE) has delayed plans to replenish the Strategic Petroleum Reserve (SPR) by seven months, pushing back significant repurchasing efforts to mid-2025. This setback, driven by rising oil prices and budgetary […]

projects
ENB Pub Note

UK Backs Out of $34 Billion Morocco-Linked Subsea Power Cable Grid Interconnect Project

June 26, 2025 Clark Savage

In a surprising pivot, the UK government has withdrawn its support for the ambitious $34.4 billion Morocco-UK Power Project, a groundbreaking renewable energy initiative that aimed to deliver solar and wind power from Morocco’s Sahara […]

No Picture
Press

Fugro nets work on Eni’s deepwater gas project in the Mediterranean

June 26, 2025 Stu Turley

EuropeOffshore Fugro Fugro Dutch surveyor Fugro has been awarded a contract to conduct a comprehensive site characterisation programme for a deepwater gas project in the Eastern Mediterranean. The project is operated by Italian major Eni […]

No Picture
Press

Saudi Arabia strikes eight port terminal deals

June 26, 2025 Stu Turley

Middle EastPorts and Logistics Mawani Mawani The Saudi Ports Authority (Mawani) has sealed long-term concession contracts worth over SAR2.2bn ($586m) to develop and operate multipurpose cargo terminals at eight major ports across the Kingdom. The […]

Finance

Excelerate Energy Bids to Power Iraq’s First LNG Terminal: A Strategic Shift Away from Iran

June 26, 2025 Clark Savage

In a groundbreaking move for Iraq’s energy landscape, Texas-based Excelerate Energy Inc. is in advanced talks to supply the country’s first-ever liquefied natural gas (LNG) import terminal, a floating storage and regasification unit (FSRU) at […]

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