Saturday, February 22, 2025

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EUROPE GAS - Prices stable amid ample supply and milder weather

The European and British gas contract prices were mostly unchanged on Friday, despite the milder weather forecast. Supplies from Norway and LNG are also steady. There is still…

EU wants more US gas and renewable energy to replace Russian supplies

The EU energy commissioner said that the EU will look to other countries, including the U.S., to supply more gas to replace Russian supplies and to expand renewable energy to reduce its reliance on fuel.

The German antitrust watchdog wants to regulate the oil market more.

The German antitrust authority called for stronger regulation on the price quotes used on the oil market after an investigation showed that pricing was based on limited information which could be manipulated.

German antitrust watchdog flags price issues in the oil market

The German antitrust authority said on Wednesday that an examination of Germany's oil markets showed pricing issues. It called for stronger legal regulations on price quotes.

TSX futures flat amid US tariffs uncertainty

The futures linked to Canada's major stock index were tepid on Friday as investors awaited further details about U.S. tariffs. At 6.44 a.m., March futures for the S&P/TSX Index were down 0.03%. ET (1144 GMT). U.S.

AEP considers a $10 billion increase in its five-year capital expenditure plan to meet data center demand

American Electric Power said on Thursday that it would consider adding $10 billion to the $54 billion capital plan, which is a record. The demand for data centres in the Midwest…

Macquarie, Australia's Macquarie Bank, has'very little exposure' in Trump's war on green energy

Macquarie Group, the top Australian investment bank, downplayed on Tuesday its exposure to U.S. green power sector that has been disrupted by executive orders issued by President Donald Trump.

Australian shares are led higher by banks and retailers.

Australian shares followed Wall Street's rise on Thursday. Financial stocks and consumer discretionary companies led the charge, after investor concerns about a global war of trade began to fade.

Energy and consumer staples drive TSX near 6-week peak

Canada's main index of stocks continued to rise on Thursday. This was mainly due to gains in energy and consumer staples, but investors were still curious about the policy decisions made by U.S.

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.

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…

Spot prices dip on more solar power, lower demand

European prompt electricity prices fell on Thursday, as a combination of a growing solar supply and lowered demand was expected to offset a decline in wind supply. As of 1018 GMT…

Colonial Pipeline's gasoline line likely shut until Friday

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Colonial Pipeline's main U.S. gasoline artery is expected to be shut through Friday as the company continues to search for the source of a suspected leak in Paulding County…

India's ONGC partners with BP to increase production at its largest oil field

India's leading explorer Oil And Natural Gas Corp said on Wednesday that energy giant BP would act as a technical service provider in order to boost oil and natural gas production…

Indonesia restricts the export of palm residue and used cooking oil to domestic users

Indonesia has tightened its export restrictions on used cooking oil, palm oil residues and palm oil waste to supply the domestic cooking oil industry and biodiesel. The government…

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…

MUFG Americas CEO: AI data centres will boost renewable energy demand, even under Trump

Mitsubishi UFJ Financial Group, the largest Japanese banking group, has said that the U.S.'s shift to renewable energy will continue under Donald Trump. Kevin Cronin, chief executive officer of MUFG Americas…

Oil Falls on Demand Worries, Market Awaits Fed Advice

Oil prices eased about 1% to a one-week low on Tuesday on demand worries following the release of negative economic news from Germany and China, while investors remained cautious ahead of a U.S.

Oil Falls as Chinese Demand Sags, Fed Ponders Rate Cut

Oil futures slipped from the highest levels in several weeks on Monday on weakness in consumer spending in China, which is the world's largest oil importer, and as investors paused buying ahead of the U.S.

AVG US Gasoline Price Lowest in 3 Years

(c) STORYTELLER Adobestock

On Monday, the average U.S. gas prices dropped below $3 per gallon for the very first time in more than three years. This is a welcome relief for Americans who have been struggling…

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