Stocks in the US react differently to Trump's first official day as president
Tesla, prison operators, and other "Trump trades", were volatile Tuesday as investors analyzed a flurry of executive orders issued by President Donald Trump just hours after taking his oath. Trump announced his plans to increase oil production, reduce immigration and impose tariffs on Monday as he began his second term as president of the United States. Investors braced themselves for increased volatility under Trump 2.0 as some "Trump Trades", or bets about what the president will say, rose on Monday while others fell.
What is known about Trump’s executive orders following his swearing-in?
Donald Trump, the U.S. president, began issuing what was expected to be an avalanche of executive orders and directions on Monday as he tried to stamp his mark on his new government on issues ranging from immigration to energy. Sources familiar with the plans say that more than 200 orders and directives may be issued in a "shock and awe" campaign. Trump revoked Monday, at a rally in a sports stadium, 78 executive orders from the previous administration.
What is known about Trump’s executive orders following his swearing-in?
Donald Trump, the U.S. president, said on Monday that he will issue what is expected be a flurry executive orders and directions as he seeks to stamp his new administration in matters ranging between energy to immigration. Sources familiar with the plans say that more than 200 orders and directives may be issued in what's known as an "escape-and-shock" campaign. In his inaugural address, shortly after being sworn into a second term at the White House…
What we know about Trump’s executive orders following his swearing-in
Donald Trump, the U.S. president, said on Monday that he will issue what is expected be a flurry executive orders and directions as he seeks to stamp his new administration in matters ranging between energy and immigration. Sources familiar with the plans say that more than 200 orders and directives may be issued in a "shock and awe" campaign. In his inaugural address, shortly after being sworn into a second term at the White House…
What we know about Trump’s executive orders following his swearing-in
Donald Trump, the U.S. president, said on Monday that he will issue a series of executive orders and instructions to stamp his mark on his administration. These directives and orders are expected to cover a wide range of issues from immigration to energy. Sources familiar with the plans say that more than 200 orders and directives may be issued in what's known as an "shock-and -awe" campaign. In his inaugural address, shortly after being sworn into a second term at the White House…
What we know about Trump’s executive orders following his swearing-in
Donald Trump will issue a series of executive orders and directions after his inauguration as U.S. President on Monday, to stamp his mark on his new administration in matters ranging between energy and immigration. Two sources familiarized with the plan said that more than 100 orders and directives would be issued on Day One, in a move known as "shock-and-awe". Trump's transition advisers are preparing drafts from which he can choose. It is still unclear which drafts will be released Monday and which ones in the following days.
Australian Government pledges $1.24 Billion in Green Aluminium Push
Australia's Labor Government pledged A$2 Billion ($1.24 Billion) in production credits on Monday to support the four Australian aluminium smelters to switch to renewable energy before 2036. Aluminum is one of non-ferrous metals that is the most polluting to produce, since its production is mainly powered by coal. The term "green aluminium" is used to describe metals produced by solar, wind and hydropower. Rio Tinto and Alcoa are the two companies that run four of the country's aluminium smelters.
JPMorgan Upgrades YPF and Expects Further Growth for the Argentine Energy Sector
In a client note, JPMorgan analysts raised their rating of Argentine oil company YPF. They said that the energy sector in South America has more room to grow as part of its "economic transformation". The U.S. Investment Bank raised its YPF recommendations to "overweight" and from "neutral." It also more than doubled the price target from $25.00 to $59.50 for each American Depositary Receipt. In 2024, YPF shares soared by more than…
Biden bans offshore oil and gas drilling before Trump's term
The U.S. president Joe Biden has announced that he will ban all new offshore oil and natural gas development along the majority of U.S. coasts. This is a decision which President-elect Donald Trump who has pledged to increase domestic energy production may find hard to reverse. Biden, according to the White House on Monday, will exercise his authority under 70-year-old Outer Continental Shelf Lands Act in order to protect federal waters along the East and Western coasts of the United States as well as the eastern Gulf of Mexico.
Biden bans offshore oil and gas drilling before Trump's term
The U.S. president Joe Biden has announced that he will ban all new offshore oil and natural gas development along the majority of U.S. coasts. This is a decision which President-elect Donald Trump who has pledged to increase domestic energy production may find hard to reverse. Biden, according to the White House on Monday, will exercise his authority under 70-year-old Outer Continental Shelf Lands Act in order to protect federal waters along the East and Western coasts of the United States as well as the eastern Gulf of Mexico.
Where will Trump's trade with China lead commodities in 2025? Russell
In 2025, Donald Trump's return as U.S. president and China's stagnant economy will influence global commodity markets. The only certainty is that there will be volatility, and many factors acting in opposite directions. In 2025, it will be harder to predict the prices of major commodities, such as crude oil and liquefied gas, ore like iron ore, coal, and metals, such as copper. Consider, for example, Trump's signature promise during his campaign: tariffs.
Sources say that Russia's Novatek employs lobbyists in order to improve relations with the US.
Two sources familiar with the situation said that Novatek, Russia's largest producer of liquefied gas, is working with lobbyists to try and rebuild U.S. relationships after Washington imposed sanctions against its mammoth Arctic LNG 2 Project. After the 2022 invasion of Ukraine by Russia, the relationship between the United States and Russia reached a post Cold War low. President Joe Biden’s administration imposed sanctions on hundreds entities and individuals who supported the war effort.
Russia's Oil Tsar: Trump's actions to defend US Producers are 'fitting.'
Igor Sechin is the president of Rosneft - Russia's biggest oil producer. He said on Saturday that he agreed with Donald Trump's plans to protect domestic energy producers. He said at a Qatar conference that Trump's election campaign promises included "fitting" measures to protect domestic energy producers, the market, and other economic factors. Some Russians are cautiously optimistic about Trump's return on Jan. 20, while others believe that another U.S. President will not make much of a difference.
RPT: How Trump's proposed tariffs could affect commodities and energy
Donald Trump, the president-elect of the United States, pledged on Monday to impose tariffs on three of its largest trading partners: Canada Mexico and China. He explained how he would implement his campaign promises which could lead to trade wars. The following commodities and energy sectors may be affected. According to government statistics, Canada will export energy products worth $177.19 billion to the United States by 2023. Canada's crude oil imports account for more than one fifth of the total amount of oil processed by U.S.
What impact Trump's tariffs on commodities and energy might have
President-elect Donald Trump on Monday pledged tariffs on the United States' three largest trading partners - Canada, Mexico and China - detailing how he will implement campaign promises that could trigger trade wars. Canada exported some $177.19 billion in energy products to the United States in 2023, according to government data. Canada's crude imports make up more than a fifth of all the oil that U.S. refineries process. About 70% of imported Canadian barrels go to Midwest U.S.
Exxon executive: US oil producers are unlikely to switch to "drill baby, drill" mode
LONDON, November 26 - U.S. producers of oil and gas are unlikely to increase production dramatically under President-elect Donald Trump, as companies remain focused upon capital discipline, said a senior Exxon Mobil executive on Tuesday. Liam Mallon is the head of Exxon’s upstream division. He told the Energy Intelligence Forum in London that "we're not going see anyone in a 'drill baby, drill'" mode. He said that a radical change in production is unlikely, because most, if no one else, are focused on the economics.
COP29: Climate agenda clashes with trade demands
At the COP29 Climate Summit, trade tensions are escalating. According to U.N. documents, and negotiators, China, Brazil, and a number of other developing countries have complained that perceived barriers, like the European Union’s carbon border levy will undermine climate efforts. Nearly 200 nations are fighting over the climate talks about a deal that would provide hundreds of millions of dollars per year to help poorer states cope with climate changes.
Tereos warns that more problems are ahead following the low sugar price which has affected H1 results
Tereos is one of the largest sugar producers in the world. On Wednesday, it reported a 18% decline in its net profit for the first half of its fiscal year, due to a drop in the price of sugar and sweeteners. It also warned that the fall could continue in the second half of its fiscal. Tereos released a statement saying that the group's net income fell to 196 millions euros for the six-month period ending September 30, and sales decreased 11% to $3,4 billion.
Mexico simplifies fiscal regime for Pemex, the state oil company
Mexico announced a plan on Wednesday to simplify the fiscal regime of state oil company Petroleos Mexicanos (Pemex), in an effort to boost a producer whose heavy loans have burdened state coffers. Claudia Sheinbaum, Mexican president, said during the morning press conference Pemex will pay a general tax of 30% on its non-associated gas operations. Sheinbaum explained that the measure was taken to increase "transparency", and give the oil company room for more investment.
NZ's Contact Energy will build a new geothermal plant for $421 million
Contact Energy, a New Zealand-based energy producer, will spend NZ$712 ($421.65 millions) on a new geothermal plant of 101 MW, Te Mihi Stage 2. The firm announced this Wednesday that it aims to replace Wairakei's geothermal powerstation, which is more than 70 years old. Contact has announced that it will continue to operate the power plant built in the 1950s until mid-2027. Contact will be able retain 67MW of capacity at Wairakei Station from mid-2027 to mid-2031. The cost of this extension is expected to be NZ$74million.
