European firms exposed as Trump targets US offshore wind
U.S. President Donald Trump in his first day of office on Monday suspended new federal offshore wind leasing pending an environmental and economic review, saying wind mills are ugly, expensive and harm wildlife.Former President Joe Biden supported the offshore wind industry, setting a target for 30 gigawatts (GW) of projects by 2030, up from 42 megawatts at the end of 2023, prompting many European project developers to acquire leases and plan wind farms in the United States.Trump's executive order is not expected to stop existing U.S.
Trump's complaint about the trade deficit with EU and what could come next
Donald Trump, President of the United StatesTrump has pledged to reduce a long-standing trade deficit between the United States and the European Union. He says he will do this by imposing tariffs, or forcing the EU to buy more U.S. gas and oil. In a memo entitled "America First Trade Policy", issued by Trump on his first day in the White House, he directed the Commerce and Treasury Departments and the U.S. Trade Rep to investigate the goods trade deficit and recommend measures before April.
Prices rise for low LNG storage and concerns about prices
The wholesale gas prices in the Netherlands and Britain rose mostly on Tuesday morning as withdrawals from storage sites for gas and uncertainty about LNG supply continued to support. According to LSEG, the benchmark front-month contract for the Dutch TTF Hub increased by 0.78 euros to 48.50 euro per megawatt hour, or $14.70/mmBtu by 0914 GMT. The Dutch contract for the month of March was 0.93 euros higher, at 48.58 Euro/MWh. However, the contract for the day-ahead was 0.12 euros lower, at 49.48 Euro/MWh.
Gas prices in Europe are lower due to milder temperatures
The prices of Dutch and British gas wholesale fell on Friday as the forecast for milder weather curbed demand. According to LSEG, the benchmark front-month contract for the Dutch TTF hub had fallen 0.30 euros at 46 euros per Megawatt Hour (MWh), which is $13.88 /mmbtu by 0925 GMT. The Dutch March contract is down by 0.37 euros, at 46.10 Euros/MWh. The front-month contract in Britain fell by 0.71 penny to 116.1 pence per therm. The weather is the most important factor in determining whether or not a market will be bearish.
Financial Times - Jan 17
These are the most popular stories from the Financial Times. These stories have not been verified and we cannot vouch their accuracy. Owners of France's Natixis Investment Managers, and Italian insurer Generali, are nearing an announcement of an agreement for a joint venture in asset management that will bring together the two biggest European names. France's Bureau Veritas has ended merger talks with FTSE group Intertek and pursued a 37.91 billion pounds ($31.91 billion) merger with Swiss rival SGS.
Prices lower in Europe due to softer demand and higher renewables
Dutch and British wholesale prices of gas fell on Thursday, amid forecasts for higher wind and solar production and a softer demand. However, prices may be affected by changes in energy policy as Donald Trump assumes the U.S. presidency next week. According to LSEG, the benchmark front-month contract for the Dutch TTF Hub dropped by 0.80 euros to 46.20 Euro per Megawatt Hour (MWh) or $13.94 per mmBtu by 0933 GMT. The Dutch day-ahead contracts was lower by 0.88 euros at 46.40 Euro/MWh.
Iraqi oil minister: Iraq and BP will sign Kirkuk oil deal in first week of February
Iraq and British oil giant BP will be signing a mammoth agreement covering four Kirkuk gas and oil fields by the 1st week of February. This was revealed by Oil Minister Hayan Abdul-Ghani during a trip to Britain. He said the deal would be bigger than a TotalEnergies 2023 Basra deal, which was valued at around $27 billion. Iraq's official news agency reported on Wednesday that Baghdad had signed a preliminary deal with BP to evaluate the feasibility of redeveloping Kirkuk and its neighboring oil and gas fields.
Financial Times - Jan 15
These are the most popular stories from the Financial Times. These stories have not been verified and we cannot vouch for the accuracy of these reports. The French state auditor said that the French nuclear company EDF shouldn't make a final decision on its investment in Britain's Sizewell C project until they have reduced their exposure to Hinkley Point C, its other British project. Insolvent councils are threatening to derail the most comprehensive overhaul of local government that England has seen in decades.
VLCC Rates Spike as US Sanctions Bite
Supertanker freight rates jumped after the U.S. expanded sanctions on Russia's oil industry, sending traders rushing to book vessels to ship supply from other countries to China and India, shipbrokers and traders said.Chinese and Indian refiners are seeking alternative fuel supplies as they adapt to severe new U.S. sanctions on Russian producers and tankers designed to curb the world No. 2 oil exporter's revenue due to its war in Ukraine.Many of the newly-targeted vessels…
Prices of Euro GAS are falling due to profit-taking
On Tuesday morning, Dutch and British wholesale prices for gas fell slightly after a rise of around 7% the previous day. According to LSEG, the benchmark front-month contract for the Dutch TTF Hub was down 0.40 euros at 47.85 Euros per Megawatt Hour (MWh), which is $14.38 /mmbtu by 0923 GMT. The Dutch March contract is down by 0.98 Euros at 47.62 euro/MWh. The day-ahead contract in Britain fell by 1,03 pence, to 122 pence/therm. In a daily report, LSEG…
New sanctions imposed by the US on Venezuelan officials following Maduro's inauguration
The United States imposed sanctions Friday on eight Venezuelan officials, and raised to $25 million its reward for the arrest of Nicolas Maduro the day before his inauguration into a third term after a disputed vote last year. The latest of a series punishments taken by the outgoing Biden Administration against Maduro’s government following the July election, in which both the Socialist Party of Maduro and the opposition of the OPEC nation claimed to have won.
Centrica: Britain's gas reserves are "concerningly small"
Centrica, the operator of Britain's largest storage facility, stated on Friday that Britain's gas levels were "concerningly" low, with less than one week's worth of gas left to be consumed following a recent cold snap. Britain relies heavily on gas to heat its homes and generate electricity. As of 9th January 2025, UK stockpiles are 26% less than the inventory of last year at the same date, and they're only half full. Centrica stated that the UK had less than one week's worth of gas in stock.
EUROPE GAS prices in tight range due to strong LNG flow and warmer weather forecast
The Dutch and British wholesale prices of gas traded in a narrow band on Thursday morning. Market participants expect further declines due to forecasts of warmer weather and high flows of LNG. LSEG data shows that the benchmark front-month contract for the Dutch TTF Hub was down 0.50 euro at 44.90 Euro per megawatt hour, or $13.80 /mmBtu by 0919 GMT. The Dutch March contract is down by 0.54 Euros at 45.46 euro/MWh. The month-ahead contract in Britain rose by 0.15 pence, to 113.5 p/therm.
Prices for gas in Europe are mixed due to the Norwegian gas outage and forecast warmer weather.
The Dutch and British wholesale prices of gas were mixed on Wednesday morning as a supply interruption in Norway reduced availability, but milder temperatures predicted towards the end the month should increase the availability. LSEG data indicated that the benchmark front-month contract for the Dutch TTF hub had increased by 1.15 euros to 47.50 Euros per Megawatt Hour (MWh) or $14.37 /mmbtu at 0912 GMT. The Dutch March contract is down by 0.03 euros at 47.40 Euros/MWh. The month-ahead contract in Britain fell by 1.2 pence, to 117.7p/therm.
Trump weighing executive order protecting gas stoves, sources say
Two sources familiar with Trump's plans say that the President-elect is considering an executive order to protect gas appliances, such as stoves and heaters, from federal and state regulators who are trying to phase out these appliances in homes and businesses. Republicans, including Trump have spent the past few years attacking local Democratic attempts to limit gas-powered devices in new construction projects due to environmental and health concerns. The U.S. In 2023, regulators will say that.
EUROPE GAS-Prices
The Dutch and British wholesale gas price continued to decline on Tuesday morning due to the milder weather forecasts next week, high winds speeds and stable supplies. According to LSEG, the benchmark front-month contract for the Dutch TTF Hub was 46.65 euros per Megawatt Hour (MWh) as of 0947 GMT. This is a decrease of 0.61 euros. The contract for the month of March is down by 0.52 euros at 46.63 euro/MWh. The front-month contract in Britain fell by 2.04 pence, to 116.76 cents per therm.
British Business - January 7
These are the most popular stories in the British business pages. These stories have not been verified and we cannot vouch their accuracy. Rachel Reeves will lead a ministerial delegation to the World Economic Forum in Davos, as the UK government attempts to attract international investors and reassure UK leaders of business. Boaz Weinstein of New York's Saba Capital accused Katie Potts of producing "exceptionally low returns" in the last three years.
Prices for gas in Europe are lower due to milder weather forecasts, but storage concerns remain
Dutch and British wholesale prices of gas eased on Monday, as latest forecasts show milder temperatures for next week. However, lower storage levels in comparison to the past five years continue support prices at 14-month highs. According to LSEG, the benchmark front-month contract for the Dutch TTF Hub was 0.77 euros lower at 48.83 Euros per megawatt hour or MWh, or $14.81/mmbtu at 0856 GMT. The front-month contract in Britain was down by 1.52 pence, at 122.65 cents per therm. Meanwhile, the day-ahead was down by 1.90 pence, at 122.25 cents per therm.
EUROPE GAS-Prices steady near 14-month highs
The Dutch and British wholesale prices of gas were mostly unchanged on Friday morning. They are near the highest level in 14 months, and some profit-taking was offset by an outage to Norway's LNG facility and possible cooler weather next week. According to LSEG, the benchmark front-month contract for the Dutch TTF Hub was 49.74 euros per Megawatt Hour (MWh) or $14.99/mmbtu at 0909 GMT. This is a decrease of 0.02 euros. The Dutch day-ahead contracts eased by 0.38 euro to 49.45 Euro/MWh.
Prices of EUROPE GAS are rising as the Ukraine Gas Transit Agreement expires
The Dutch and British wholesale prices of gas rose slightly on Tuesday morning, as the weather forecast for this week is colder and Russian gas supplies to Europe through Ukraine are expected to cease. According to LSEG, the benchmark front-month contract for the Dutch TTF Hub increased by 0.38 euros to 48.23 Euro per megawatt hour at 0913 GMT. The TTF contract for February was up by 0.33 euros to 48.55 Euro/MWh. Gazprom, a Russian gas company, said that it would pump a smaller volume of gas into Europe via Ukraine starting Tuesday.
