CUPRA Tavascan EV Exempted From EU Tariffs on Chinese EVs
The EU has granted a rare tariff exemption to the CUPRA Tavascan, an electric SUV built in China for the European brand. The waiver removes the combined 10 % standard duty and 20.7 % China‑origin surcharge, provided the model meets a minimum price floor and volume cap. CUPRA sold 1,407 Tavascan units in 2025, part of 1,685 deliveries worldwide, and the exemption is expected to improve profitability. The decision is positioned as a pilot for future model‑specific EU trade allowances.
Oil Prices Rise After Trump Claims US ‘Totally Demolished’ Iran’s Kharg Island Export Hub
U.S. forces struck Iran’s Kharg Island, a hub handling about 90% of Tehran’s oil exports, prompting a sharp rally in crude markets. Brent crude jumped 1.8% to $104.98 per barrel, pushing oil above $100 for the first time since the...
Four Horses, 400 Km, and a Fight over a Gas Pipeline that Will Cross the State’s Most Fertile Plains
The Santos‑owned Narrabri coal‑seam‑gas project remains stalled without the approved Narrabri Lateral or Queensland‑Hunter pipelines. Environmental activist Sally Hunter is leading a 400‑km horseback protest to spotlight the route that cuts through the fertile Liverpool Plains and over 460 farms....
Iran Conflict Sharpens Asia?s Energy Security Focus- #CapitalMarkets #Finance #Treasury #Finance
The escalating Iran‑Israel conflict is spilling into Asian energy markets, prompting the inaugural Indo‑Pacific Energy Security Ministerial in Tokyo. Ministers and industry leaders warned that regional fuel imports are increasingly vulnerable to geopolitical shocks, as military actions push oil prices...
CytomX Therapeutics Inc (CTMX) Q4 2025 Earnings Call Transcript
CytomX Therapeutics outlined a flat‑production outlook for 2026 while front‑loading roughly 60% of its annual capital expenditures in the first half of the year, preserving flexibility to accelerate activity later if market conditions improve. The Deep Utica program is on...
Natural Gas Services Group Inc (NGS) Q4 2025 Earnings Call Transcript
Mach Natural Resources reported a dramatic year‑end reserve increase to 705 million BOE, more than double its March 2025 level. Q4 production hit 154,000 BOE/day with a 68% natural‑gas mix, generating $388 million in total revenue and $187 million adjusted EBITDA. The company maintained...
Olema Pharmaceuticals Inc (OLMA) Q4 2025 Earnings Call Transcript
Northwest Natural Holding Company posted a record adjusted earnings per share of $2.93 for 2025, up from $2.33 a year earlier, driven by new Oregon rates, strong rate‑base growth, and robust organic customer additions. Sea Energy delivered 18% organic growth...
W&T Offshore Inc (WTI) Q4 2025 Earnings Call Transcript
W&T Offshore reported a 10% sequential production increase to 33,500 barrels of oil equivalent per day in Q2 2025, staying within guidance. Adjusted EBITDA rose 9% to $35 million while unrestricted cash topped $120 million and net debt fell to $229 million, boosting...
China’s Power ‘Supergrid’ Gives Xi Buffer Against Energy Shocks
China is accelerating its power‑supergrid build‑out, spurred by Middle East oil shocks, to transport wind and solar from remote western provinces to its industrial heartland. State‑owned grid operators have become the nation’s top bond issuers, selling 92.5 bn yuan of domestic...
Additional LNG Exports From Plaquemines LNG Approved
U.S. Energy Secretary Chris Wright approved a 13% increase in exports at Venture Global’s Plaquemines LNG terminal, adding up to 0.45 billion cubic feet per day (Bcf/d) for non‑FTA destinations. The move raises Plaquemines' authorized export capacity to 3.85 Bcf/d, combining both...
Additional LNG Exports From Plaquemines LNG Approved
U.S. Energy Secretary Chris Wright approved a 13% increase in exports from Venture Global’s Plaquemines LNG terminal, adding up to 0.45 billion cubic feet per day (Bcf/d) for non‑FTA destinations. The move raises the facility’s authorized capacity to 3.85 Bcf/d, combining both...
Trump Threatens Xi Summit Delay If China Doesn’t Help in Hormuz
Donald Trump warned that he would postpone his upcoming summit with Chinese President Xi Jinping unless Beijing assists in securing the Strait of Hormuz. The demand came amid a US‑Israel war that has tightened global oil supplies and highlighted the...
Hong Kong Should Work to Ensure a Steady Fuel Supply Amid War in Iran
The escalating U.S.-Israel conflict with Iran is disrupting global oil supplies, prompting price pressures across Asia. In Hong Kong, petrol station prices have risen modestly, while airlines such as Cathay Pacific and Hong Kong Airlines are set to double fuel...
SK On Targets US Energy Storage Market in Shift From EVs
SK On, the battery arm of SK Innovation, is pursuing at least 10 GWh of U.S. energy‑storage system (ESS) contracts this year, shifting roughly 20% of its 100 GWh global capacity to lithium‑iron‑phosphate (LFP) cells. The company is courting data‑center developers and...
California Orders Sable Offshore to Remove Santa Ynez Pipeline Crossing State Park
California’s Natural Resources Agency ordered Houston‑based Sable Offshore to remove the segment of its Santa Ynez pipeline that crosses Gaviota State Park, after the company received a federal directive to resume oil production. The state denied Sable’s easement request and...
EU Doesn’t See Risks to Oil and Gas Supply Yet
EU energy coordinators met on March 12 and concluded there are no immediate oil or gas supply risks despite ongoing Middle East disruptions. Oil inventories remain high and gas storage levels are stable across the bloc. Regulators consider the current framework...
EU Doesn’t See Risks to Oil and Gas Supply Yet
In ad‑hoc meetings on March 12, the EU’s Gas and Oil Coordination Groups reported no immediate security‑of‑supply risks despite ongoing Middle East tensions. Oil inventories across member states remain at elevated levels, while gas storage fill rates are stable and not...
WinDC Joins with Armada for Nation-Wide Renewable AI Factory Deployment
WinDC and US edge‑computing platform Armada have teamed up to roll out a network of renewable‑energy‑powered portable AI factories across Australia. The partnership will install 11 MW of modular data centres at wind, solar and battery sites, each deployable in about...
The Iran Crisis Is Hitting KiwiSaver Balances – but Market Volatility Can Work for You Too
New Zealanders watching their KiwiSaver balances see declines as oil prices jump above $100 per barrel following the US‑Israeli attack on Iran. Higher oil costs drive inflation, interest‑rate hikes and reduced corporate profits, pushing global equity markets lower, including the...
The Closed Strait of Hormuz Is Testing Asia’s Energy Security. The Answer Lies Across the Pacific—In Canada
Iran’s IRGC announced the closure of the Strait of Hormuz, prompting 150 oil and LNG tankers to remain idle and forcing Qatar Energy and others into force majeure. The shutdown stranded roughly 20 million barrels of crude per day and sent...
Zambia Diesel Shortage Linked to Pipeline Supply Delays, NOMA Says
The National Oil Marketing Association (NOMA) says Zambia’s diesel shortage stems from delayed releases through the TAZAMA pipeline, not from oil marketers hoarding fuel. Diesel volumes entering the market have fallen short of expectations, and no allocation has been made...
War and Summer–A Double Whammy for Energy Markets
The escalation of the U.S.-Israel-Iran conflict has driven Brent crude above $100 per barrel, creating a global energy shock. Simultaneously, the Philippines faces a summer heat‑index surge that will require roughly 3,340 MW of additional peaking capacity to keep the grid...
How to Hedge Against $100 Oil, According to Market Strategists
Brent crude has breached the $100‑per‑barrel threshold, prompting oil‑intensive firms to accelerate hedging programs. Market strategists advise a mix of forward contracts, options, and swaps to lock in fuel costs while preserving upside potential. Daimler Truck CFO Eva Scherer highlighted...
Individual Investors Are Chasing Oil’s Surge Amid Iran Conflict; Institutions Are Thinking About What Comes Next
Oil prices surged to $100 a barrel as the Iran‑Hormuz crisis intensified, prompting a wave of individual buying in the United States Oil Fund (USO). USO attracted nearly $1 billion of inflows and has risen about 46% since the conflict began,...
Rising Oil Price and Inflation Fears Make Rate Hike Likely
Oil prices have spiked above $100 a barrel as the war in Iran forces the Strait of Hormuz to close, prompting the International Energy Agency to label the disruption the worst in history. Australian economists and the RBA’s futures market...
Oil Company Shares Soar to All-Time Highs as Middle East War Turbocharges Price per Barrel
Shares of the world’s oil super‑majors have surged to record levels following the US‑Israeli strike on Iran, driving oil prices above $117 a barrel. In the two weeks since the conflict began, the combined market capitalisation of the six listed...
Maersk Offshore Wind Christens Its New WTIV Maersk Viridis
Maersk Offshore Wind officially christened its new 40,000‑ton wind turbine installation vessel, Maersk Viridis, on the ship’s main deck. The vessel features a Jones Act‑compliant feeder‑based installation system with stabilizing technology for high sea states. Maersk Viridis will sail to...
Keeping the Lights From Flickering
SN Aboitiz Power (SNAP) operates four hydro plants totalling over 600 MW in Luzon, providing ancillary services that stabilize the Philippine grid. The company’s flexible, fast‑response hydropower supports frequency regulation, contingency reserves, and dispatchable power during peak demand. SNAP is expanding...
‘Natural Gas to Bring Down Power Costs’
The Petroleum Association of the Philippines urged greater use of indigenous natural gas to curb rising electricity costs amid a global oil crisis. PAP chair Donnabel Kuizon Cruz highlighted that power generated from the Malampaya gas field costs roughly P4.80...
Tanker Carrying Crude Safely Exits Fujairah Even as Drone Hits Oil Terminal
An Indian‑flagged Suezmax tanker, Jag Laadki, loaded with about 80,800 tonnes of Murban crude, left Fujairah for India on March 15, despite a drone strike that damaged the UAE’s key oil terminal the day before. The vessel’s safe departure marks the...
UK to Open AR8 Auction in July
The UK government will launch Allocation Round 8 (AR8) renewables auction in July, part of a broader energy‑security package prompted by the Middle‑East conflict. The timetable is intended to give clean‑energy investors certainty and includes the first eligibility for plug‑in solar...
This Would Be the Week to Drive an EV. Thanks for Nothing, Coalition
New Zealand faces a looming fuel shortage as the government reports only about 58 days of petrol and 50 days of diesel reserves amid a global oil crisis triggered by Iran’s closure of the Strait of Hormuz. At the same time, the coalition...
Chevron, Shell Make Stunning Venezuela Move as Iran Crisis Deepens
Chevron and Shell are nearing landmark production agreements in Venezuela, the first major deals since the January political upheaval. The contracts would expand Chevron’s Petropiar project into the Ayacucho 8 block and give Shell access to the Carito and Pirital fields...
Juba Officials Press Oil Producers for $2.5bn Amid Accountability Queries
South Sudan officials have sought more than $2.5 billion in upfront payments from CNPC and ONGC, proposing repayment over 54 months via future crude sales. The request comes as the petroleum ministry operates without a political head amid legal battles involving...
Adani Power Bags 1600 MW Power Supply Contract From MSEDCL
Adani Power Ltd received a Letter of Award from Maharashtra State Electricity Distribution Company Ltd for a 1,600 MW power supply under a 25‑year agreement, with delivery slated for FY 2030‑31. The company won the bid as the lowest‑tariff provider, offering ₹5.30...
Centre Identifying Sites in J&K for New Hydropower Projects, Says Khattar
India's central government is actively scouting locations in Jammu and Kashmir for new hydropower plants, while reviving three to four stalled projects. Existing stations are undergoing desilting to boost reservoir capacity. Parallel studies are evaluating water‑ diversion corridors that could...
LPG Supply: Delhi CM Rekha Gupta Warns Hoarders, Those Inciting Panic, Says 'Very Soon Situation Will Return to Normal'
Delhi Chief Minister Rekha Gupta warned against LPG hoarding and panic buying, assuring citizens the supply will normalize soon. Oil‑marketing companies (OMCs) confirmed that domestic LPG supplies remain secure and deliveries uninterrupted. The OMCs issued an advisory urging consumers to...
SAF Association Calls for Using Used Cooking Oil to Produce Sustainable Aviation Fuel
The Sustainable Aviation Fuel Association (SAFA) is urging India’s government to tap used cooking oil (UCO) as a feedstock for sustainable aviation fuel (SAF). It recommends extending producer‑responsibility schemes and building robust collection networks across restaurants, hotels and food processors....
India to Procure Spot LNG for Urea Manufacturing
India’s government announced a rapid spot‑LNG procurement to offset a 40% supply cut from Qatar, which has jeopardised domestic urea production. Petronet LNG invoked force majeure after tankers failed to reach Ras Laffan amid the West Asia conflict. The first...
Coal India Aims to Ensure Power at Just Price Amid West Asia Crisis: Official
Coal India Ltd (CIL), which produces about 80% of India’s domestic coal, pledged to keep electricity prices fair amid the West Asia crisis that threatens imported coal costs. The state‑owned firm holds 122 million tonnes of pithead inventory and 53 million tonnes...
Oil Cos Weigh Refinery Price Freeze; Move May Hit MRPL, CPCL
State‑owned oil marketing companies (OMCs) are weighing a freeze or discount on the refinery transfer price (RTP), paying refiners less than import‑parity rates to curb losses from a retail fuel price freeze. Global crude prices have surged above $100 per...
Erwin Tulfo: No 'Epal' Politicians During Fuel Subsidy Distribution, Please
The Philippine National Police (PNP) announced intensified monitoring of gasoline stations that abruptly close amid soaring fuel prices linked to Middle East tensions. Police Chief Jose Melencio C. Nartatez warned of possible hoarding and price manipulation, pledging swift action against illegal closures. The...
Electric Vehicles Could Soon Be Cheaper than Petrol Cars in Africa – if Financing Barriers Fall
New research from ETH Zürich and PSI finds that electric vehicles paired with off‑grid solar can already be cheaper than petrol cars in many African markets, especially where financing conditions are favorable. Falling battery prices and expanding global EV production...
Italy Explores Nuclear Return After 40 Years as Energy Costs Hit
Italy is reviving its nuclear program after a 40‑year ban, driven by soaring gas prices and energy security concerns. Prime Minister Giorgia Meloni’s cabinet approved a legal framework in 2025, targeting a national nuclear strategy by 2027. The government is consulting...
Kevin O'Leary Says Iran's Strait Of Hormuz Threat Shows World Still Depends On Oil, Alternative Energy 'Didn't Deliver'
Kevin O'Leary warned that Iran's threat to mine the two‑mile‑wide Strait of Hormuz underscores the world's ongoing reliance on oil. He highlighted that oil is the only commodity used across every sector, including by adversarial nations. O'Leary noted that securing...
Gasoline, Diesel Prices Seen to Spike Again
Diesel and gasoline prices in the Philippines are set to spike again this week, driven by the ongoing war in the Middle East. The Mean of Platts Singapore benchmark, combined with freight costs, suggests diesel could rise up to P23...
Some Areas in Metro Manila, 5 Provinces to Have Power Interruptions This Week Due to Maintenance Works
Meralco announced scheduled power interruptions across Metro Manila and the provinces of Batangas, Cavite, Laguna, Quezon and Rizal this week. The outages, ranging from early morning to afternoon, stem from line reconductoring, pole replacements and the installation of primary line...
Vingroup Shielding Filipino Motorists From Historic Fuel Price Hikes with Campaign
Vingroup’s VinFast has launched a “Trade Gas for Electric” campaign in the Philippines to cushion consumers from a historic fuel price surge of up to P24 per liter. Running March 11‑31 2026, the program offers a 3% discount on electric cars, a...
DRC Govt Reviews Oil Market Risks With Petroleum Distributors
The Democratic Republic of the Congo’s Deputy Prime Minister Daniel Mukoko Samba met with the Professional Group of Petroleum Product Distributors on March 10, 2026 to assess global oil market volatility. The discussion focused on the recent Brent crude surge...
DRC and TotalEnergies Discuss Strategic Ruzizi III Hydropower Project
The Democratic Republic of Congo and TotalEnergies met in Kinshasa to review the Ruzizi III hydropower project, a 206‑megawatt plant slated to supply electricity to both the DRC and Burundi. Officials highlighted technical and administrative challenges that must be resolved to...