US lawmaker asks Vitol, Trafigura about Venezuela oil deals
The top Democrat of a U.S. House investigation committee asked Vitol 'and Trafigura on Thursday about any correspondence they had with the Trump Administration before?the U.S. captured Venezuela's leader. He wanted to?determine who benefited from this action, he said. Robert Garcia, a Representative, asked Russell Hardy and Richard Holtum of Trafigura to provide all communication between their companies, and members of the Trump Administration, from January last year up until today. The U.S.
Trump touts the economy in Iowa as protests roil Minnesota
U.S. president Donald Trump arrived in Iowa, Tuesday. He was seeking to shore up his support in a Midwestern battleground. An escalating conflict over immigration enforcement in Minnesota could drown out the economic message. The Republican President, whose economic and immigration policies are lagging, will try to rally his rural supporters in an area that is hosting key congressional elections?in November. The mounting stress on the farm economy…
White House oil meeting includes independents and has strong ties to Denver
On Friday, the White House will be inviting oil executives to meet with them in order to discuss possible investment in Venezuela. While the list of attendees includes some big names from American oil, such as Exxon Mobil, ConocoPhillips, and Chevron, it also contains smaller independents, private equity-backed companies, and other players. Only the largest U.S. An oil industry source said that oil producers in Venezuela have the experience and scale to operate there.
Trump Administration says that there are ways to increase Venezuelan oil production quickly
Trump's administration dismissed Tuesday analysts' estimates that it will?take years? to increase Venezuela's crude oil production. They said there are ways to boost the country?s oil sector quickly. The Trump administration is aiming to increase crude production from Venezuela, the South American country that has the largest oil reserves in the world. This comes after U.S. troops seized Venezuelan leader Nicolas Maduro during a raid against its capital Caracas, on Saturday.
As the US shutdown comes to an end, UK's FTSE100 hits a record high.
Investors welcomed signs that the long-running U.S. shutdown may be ending. The blue-chip index ended 0.1% higher and is now within striking distance of 10,000. The FTSE 250 mid-cap index was down by 0.7%. Upgrade the UK's regulated electric networks and expand their renewable business. Metal mining companies gained 1.3% in value as the copper price increased on global commodities markets. Market sentiment improved after growing optimism that the U.S.
The UK's FTSE100 is down as energy and industrial shares weigh
The FTSE 100 index in London dipped on Wednesday, after two sessions of record-high levels. Losses in energy and industrial shares weighed heavily on the market. Blue-chip index fell 0.1% to 9,886 as of 1214 GMT. However, it is still nearing record levels and within striking range of the 10,000 point. The mid-cap index FTSE 250 rose 0.1%. The market sentiment improved this week as investors hoped for a resolution to the U.S. Government shutdown. Investors expect that the U.S.
Dow closes at record high; traders bet against government shutdown
The Dow Jones Industrial Average closed at a record-high on Tuesday. This was boosted by progress in ending the longest U.S. Government shutdown. Nvidia, and other companies related to artificial intelligence, fell due to renewed concerns over high valuations. The Polymarket betting platform has fully priced in a resolution for this week, as members of the U.S. House of Representatives returned to Washington, after a break of 53 days, for a possible vote that would end the government shutdown.
Crypto stocks surge as ether reaches six-month high
The crypto-focused stocks rose Friday after ether reached a six-month-high following the passage of a bill to create stablecoins by the U.S. House of Representatives. The bill is expected to be signed by President Donald Trump and marks a turning point for the digital asset sector, which has pushed legislators to create rules regarding digital assets. They argue that a clear structure could lead to a greater use of stablecoins, crypto tokens, etc.
Wall Street Futures dwindle after record session
The U.S. index futures took a break on Friday after the S&P 500, Nasdaq, and other stock markets closed at record highs the previous day on the back of positive economic and earnings data. Netflix's outstanding profit also failed to spark enthusiasm. At 6:57 am. S&P E-minis rose 2 points or 0.03% at 6:57 a.m. ET. 69,586 contracts were traded. Nasdaq E-minis rose 12.5 points or 0.05% and Dow E Minis gained 12 points or 0.03%. Wall Street continued its winning streak overnight.
Ether-linked stock prices jump after crypto coin reaches 6-month high
Cryptocurrency-related stocks rose in premarket trading on Friday, with shares linked to ether leading the charge after the No. The No. 2 crypto reached a six-month peak. BitMine Immersion Technologies shares, which hold about $1 billion in ether, rose 14%. Bit Digital, BTCS and other ether holding companies added 4% each and 12.5% respectively. Ether reached $3,675.81 - its highest level since January 6 - and was last up by 5% to $3,601.40.
NextEra CEO: Renewables are needed to bridge the gap between expanding gas power and increasing renewables
NextEra CEO John Ketchum said on Tuesday that renewable energy sources such as wind and solar power will be needed to meet the rapidly increasing energy demand in America, despite near-term challenges to increasing natural gas capacities. At the Politico Energy Summit, the head of Florida's power producer stated that the high cost to acquire gas turbines and a shortage in construction workers, along with the tariff costs, will make it take seven years or more to bring new gas-fired plants online.
NYT reports that US EPA wants the greenhouse gas limitations on power plants to be removed.
New York Times, citing agency documents, reported that the U.S. Environmental Protection Agency had drafted a proposal to eliminate all restrictions on greenhouse gas emissions from coal- and gasfired power stations in the United States. According to a NYT report, the EPA argued that greenhouse gases and carbon dioxide from power plants burning fossil fuels do not "contribute significantly" to dangerous pollution or climate change.
Treasury yields are easing with US stocks flat or up; investors evaluate US tax bill
The 30-year U.S. Bond yields rose to their highest level in nearly 19 months, before falling on Thursday. Worries about the U.S. Fiscal Outlook and the demand for government bonds remained, while Wall Street stocks ended either flat or slightly higher. After recent losses, the U.S. Dollar has strengthened. The yields increased earlier, after the U.S. House of Representatives approved President Donald Trump's proposed tax bill with a single vote. This added to concerns about the debt burden of the country.
Solar stocks plunge after Trump's tax plan advances in US House
The shares of U.S. Solar companies dropped sharply on Thursday in premarket trading after the House of Representatives passed President Donald Trump's tax and spending plan, which could end many green-energy subsides that supported the renewable energy industry. Sunrun was the worst hit, with a share price drop of up to 33%. Complete Solaria dropped by nearly 22%, while Enphase Energy and Maxeon Solar, as well as SolarEdge Technologies, fell between 10% and 15%.
Top trade group says House bill will choke off US solar investment
A top solar trade association warned that legislation advanced by Republicans last week in the U.S. House of Representatives could threaten 300 solar and energy storage plants and destroy nearly 300,000 American jobs. The Solar Energy Industries Association's analysis comes during a lobbying campaign aimed at convincing U.S. legislators to protect clean energy tax credit, which under the Republican plan will be phased out faster and have new restrictions on using Chinese-made components.
US House passes bill regarding Trump's Gulf of America
The Republican-controlled U.S. House of Representatives on Thursday passed a bill to formally change the name of the Gulf of Mexico to the Gulf of America, following President Donald Trump's executive order, though the measure is unlikely to succeed in the Senate. The House voted to change the name for the body of water which borders five states in the southeastern U.S. and a large swath Mexico, and flows into the Atlantic Ocean or Caribbean Sea.
Four Republican US senators back Biden-era energy tax credits
According to a Thursday circulated letter, four Republican senators have asked Congressional leadership to maintain energy tax credits that were included in the Biden era Inflation Reduction Act. In a letter dated April 9, the four senators wrote to Senate Majority leader John Thune that the repeal of tax credits would harm investment, businesses and jobs. The letter stated that "our country is blessed with abundant resources…
Sources say that Northern Oil and Gas is in the process of acquiring Granite Ridge, a smaller rival.
According to sources familiar with the situation, Northern Oil and Gas made a purchase offer for Granite Ridge Resources. Granite Ridge Resources is a small U.S. oil and gas producer that operates in the Permian and Eagle Ford basins. Sources said that Northern, based in Minneapolis, Minnesota, has made at least two bids for Granite Ridge. The latest offer, which was made within the last few weeks, came at roughly a 20% premium over the target's stock price.
US House panel finds BlackRock and other asset managers reluctant to join climate initiative
According to a report published on Friday by the Republican-led U.S. Congress committee, top asset managers in the United States were concerned that signing up for an industry climate initiative would make them look like they worked too closely together and attract regulatory scrutiny. This is the latest report released by the U.S. House Judiciary Committee’s Republican majority in a probe that they claim has revealed…
US House panel finds BlackRock and other asset managers hesitant to join climate initiative
According to a report published Friday by a Republican led U.S. Congressional Committee, top asset managers in the United States are concerned that signing up for an industry climate initiative will make them look like they're working together too closely and attract regulatory scrutiny. This is the latest report released by the majority of the Republican panel as part of an investigation they claim has revealed that…