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3 days ago | 
oilprice.com | Tsvetana Paraskova
U.S. LNG exporter Venture Global more than doubled its first-quarter revenue from a year earlier as its Plaquemines and Calcasieu Pass plants have launched operations and exports in recent months. Venture Global reported on Tuesday revenues of $2.894 billion for the first quarter of the year, more than double compared to $1.414 billion for the same period in 2024.
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3 days ago | 
oilprice.com | Tsvetana Paraskova
Supply chain constraints and higher cost have forced energy companies to withdraw eight projects to build gas-fired power plants in Texas under a $5-billion state loan program, the Financial Times reported on Tuesday. The Public Utility Commission of Texas (PUCT) is currently reviewing the extension of $5.38 billion worth of low-interest loans to companies planning nearly 10 gigawatts (GW) of new natural gas-fired capacity in a bid to boost generation capacity for ERCOT.
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3 days ago | 
oilprice.com | Tsvetana Paraskova
Brazil’s state oil firm Petrobras will pay $2.1 billion in dividends for the first quarter after posting a jump in net income due to one-off items. Petrobras reported a net income of $6.2 billion (35.2 billion Brazilian reals) for the first quarter, up by 48.6% from a year earlier, due to one-off items and more favorable exchange rates. Without the one-off items, net income dropped by 12.1% year-over-year.
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3 days ago | 
oilprice.com | Tsvetana Paraskova
Spain’s authorities are asking small solar and wind power plants to provide information about their cyber defenses and recent security updates as Spain continues to investigate what triggered the massive blackout on April 28, the Financial Times reported on Tuesday, citing owners of small renewable generation plants.
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3 days ago | 
futures.tradingcharts.com | Tsvetana Paraskova
May 13, 2025 (Baystreet.ca via COMTEX) --Asia's economies are more vulnerable to external trade shocks than other regions, but they would find low oil prices a boon to their government finances at times of heightened global economic uncertainty. The world's top crude oil-importing region and the most important export market of the major oil-producing countries - from the Middle East to Russia - could see a silver lining in the recent oil price slide to the low $60s.
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3 days ago | 
oilprice.com | Tsvetana Paraskova
Asia could see a silver lining in the recent oil price slide to the low $60s. Signs have emerged of increased oil imports into Asia in recent weeks, but the trade and economic uncertainties continue to cloud the business and economic decisions in the major emerging economies in the region. India is boosting U.S. oil imports, and it’s also increasing crude imports from Russia as the price of Russian flagship Urals grade has dropped below the $60 per barrel price cap.
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3 days ago | 
futures.tradingcharts.com | Tsvetana Paraskova
May 12, 2025 (Baystreet.ca via COMTEX) --BP's weak first-quarter results and stock underperformance over the past year rekindled speculation that the UK-based supermajor could be a target of a blockbuster acquisition. As it has been speculated on and off for decades, UK peer Shell could be the most likely buyer, according to recent market talk.
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4 days ago | 
oilprice.com | Tsvetana Paraskova
Earnings at the biggest international oil companies are set to slump later this year and in 2026, threatening the pace of buybacks, as a substantial oil market surplus would weigh on prices. Last week Morgan Stanley joined other major investment banks in slashing oil price forecasts amid expectations of a larger market surplus later this year as OPEC+ plans to raise output much more than previously expected.
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4 days ago | 
oilprice.com | Tsvetana Paraskova
The United States and China have agreed to temporarily lower tariffs on each other’s products, resulting in a significant jump in oil prices. Both WTI and Brent crude saw increases as the market reacted positively to the news of easing trade tensions. Discussions between U.S. and Chinese officials will continue to address economic and trade relations following the initial tariff suspension.
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4 days ago | 
oilprice.com | Tsvetana Paraskova
Cobalt Holdings plc, a company created primarily to purchase and hold physical cobalt, announced on Monday an intention to float on the London Stock Exchange, with commodity miner and trader Glencore acting as one of its cornerstone investors. Cobalt Holdings plc intends to raise approximately $230 million through its Global Offer and the possible admission of its ordinary shares to trading on the Main Market for listed securities of the London Stock Exchange.
