Wall Street is starting to price who can actually deliver rare earth supply inside the United States, not just extract it from the ground, initiating coverage on REalloys as it moves to expand the first commercial-scale rare earths metallization facility in North America. Most rare earth material still runs through China before it reaches the end user, but in fewer than nine months, these China-origin materials will be fully banned from use in U.S. defense systems. That shrinks the supply base overnight. Very few companies are even trying to build…

Record-high U.S. LNG exports have managed to mitigate so far the shock supply loss from Qatar, but American exporters are unlikely to continue running facilities at full capacity for all of this year as maintenance and hurricane season are likely to curtail some supply in the coming months. Qatar’s LNG is offline, and so are the UAE exports, due to the closure of the Strait of Hormuz, where no LNG tanker has transited since the war began at the end of February. Buyers are now looking at much more expensive LNG supply as the de facto closure…

Warnings are multiplying that the oil supply shock caused by the war in the Middle East is going to cause permanent changes in demand patterns. The longer the war continues, the higher the chances are of those changes materializing as lost barrels pile up. There is up to 1 billion barrels of oil in lost supply, “all but guaranteed”, Bloomberg reported last week, noting that demand is already being destroyed in Asia. Yet the destruction is spreading across the world slowly and quietly, but surely, as governments are about to run out…

Previously, we reported that Oil & Gas stocks are on track to outperform the broader market by its widest margin on record, driven by Middle East conflict, rising demand from the AI boom, and a continued rotation away from expensive technology and growth stocks. The Energy Sector has netted a 26.6% return in the year-to-date compared to 4.7% rise by the S&P 500, the best sector performance and nearly double the 14.1% gain by second-placed Materials Sector. Oil prices were rallying again on Monday, with Brent crude for June delivery up 2.92%…

I believe the global financial markets are now in what I would call a Wile E. Coyote moment, frequently depicted in the old Warner Bros. animated series called "The Road Runner Show." In this cartoon series, a coyote, while pursuing a roadrunner, would inevitably end up running off a cliff and be suspended in mid-air until he looked down and hurtled to the bottom. I say this because, in case you didn't notice, last week we had the first public admission that fear is starting to grip monetary officials as a result of the Iran conflict. The United…

As nuclear fusion technologies move towards commercialization, the industry will need hundreds of millions, if not billions of dollars of new capital, either from public or private sources,  in order to grow. Two nuclear fusion companies have chosen to access the public capital markets via special purpose acquisition corporations. (SPACs).which are often referred to as “blank check companies” because investors give money to a sponsor, typically an investment bank, to find a good business to invest in, without knowing in advance…

The ongoing standoff in the Strait of Hormuz between the United States and Iran is forcing a rethink about regional energy and trade routes. Afghanistan is a potential lynchpin of a new route that circumvents the Hormuz choke point, but Taliban control of the country calls into question Kabul’s viability as a connector to global markets. Afghanistan’s willingness and ability to participate in emerging energy and trade networks was a hotly debated topic among regional experts during a recent day-long discussion on Capitol Hill in Washington…

What had been widening cracks in Western backing for the U.S. war against Iran are starting to look more like a strategic fissure, with German Chancellor Friedrich Merz delivering an extraordinary public warning that Washington risks sinking deeper into another Middle East quagmire as Tehran appears to be gaining leverage and the economic fallout spreads across Europe. In one of the bluntest criticisms yet from a major U.S. ally, Merz said Iran had proven “clearly stronger than one thought,” while warning the United States was being…

What had been widening cracks in Western backing for the U.S. war against Iran are starting to look more like a strategic fissure, with German Chancellor Friedrich Merz delivering an extraordinary public warning that Washington risks sinking deeper into another Middle East quagmire as Tehran appears to be gaining leverage and the economic fallout spreads across Europe. In one of the bluntest criticisms yet from a major U.S. ally, Merz said Iran had proven “clearly stronger than one thought,” while warning the United States was being…

What had been widening cracks in Western backing for the U.S. war against Iran are starting to look more like a strategic fissure, with German Chancellor Friedrich Merz delivering an extraordinary public warning that Washington risks sinking deeper into another Middle East quagmire as Tehran appears to be gaining leverage and the economic fallout spreads across Europe. In one of the bluntest criticisms yet from a major U.S. ally, Merz said Iran had proven “clearly stronger than one thought,” while warning the United States was being…

Foreign automakers are rushing to debut China-developed models at a major auto show, recognizing they can't afford to lose ground in the world's largest car market, according to Nikkei. After years of declining sales, many legacy brands are shifting to an “in China, for global” strategy—using local innovation not just to regain domestic customers, but to compete abroad. Companies like Volkswagen and Nissan are leaning heavily on Chinese partnerships to accelerate development and integrate advanced tech. Volkswagen, for instance,…

Shell is doubling down on North American gas in a major bet on long-term LNG demand, agreeing to buy Canada’s ARC Resources in a $16.4-billion deal that will add roughly 370,000 barrels of oil equivalent per day to production and strengthen the supermajor’s position in one of the continent’s most strategic gas corridors. The acquisition gives Shell access to roughly 2 billion barrels of reserves while bolstering supply feeding LNG Canada, the export project Shell operates with a 40% stake and increasingly views as a cornerstone…

Shell is doubling down on North American gas in a major bet on long-term LNG demand, agreeing to buy Canada’s ARC Resources in a $16.4-billion deal that will add roughly 370,000 barrels of oil equivalent per day to production and strengthen the supermajor’s position in one of the continent’s most strategic gas corridors. The acquisition gives Shell access to roughly 2 billion barrels of reserves while bolstering supply feeding LNG Canada, the export project Shell operates with a 40% stake and increasingly views as a cornerstone…

Shell is doubling down on North American gas in a major bet on long-term LNG demand, agreeing to buy Canada’s ARC Resources in a $16.4-billion deal that will add roughly 370,000 barrels of oil equivalent per day to production and strengthen the supermajor’s position in one of the continent’s most strategic gas corridors. The acquisition gives Shell access to roughly 2 billion barrels of reserves while bolstering supply feeding LNG Canada, the export project Shell operates with a 40% stake and increasingly views as a cornerstone…

Surging food and energy prices caused by the Iran war could last for more than eight months after the conflict ends, Starmer’s right-hand man has said.  Higher petrol, food and plane ticket prices will persist for “eight-plus months” following the end of the conflict, chief secretary to the Prime Minister Darren Jones said.  The minister said on Sunday: “You’re going to see prices go up a bit as a consequence of what Donald Trump has done in the Middle East.  “And quite frankly, that’s probably…

At least two tankers carrying Russian diesel to Brazil have made unusual U-turns in the Atlantic and are now traveling east toward the Suez Canal as sellers are likely chasing spot sales where the fuel fetches higher prices, traders told Reuters on Monday. Since the EU ban on imports of Russian oil products in 2023, Brazil has emerged as a key buyer of Russia's diesel and other refined petroleum products. But some supplies recently loaded at the Russian port of Primorsk on the Baltic Sea will not reach their original destinations in Brazil, according…

At least two tankers carrying Russian diesel to Brazil have made unusual U-turns in the Atlantic and are now traveling east toward the Suez Canal as sellers are likely chasing spot sales where the fuel fetches higher prices, traders told Reuters on Monday. Since the EU ban on imports of Russian oil products in 2023, Brazil has emerged as a key buyer of Russia's diesel and other refined petroleum products. But some supplies recently loaded at the Russian port of Primorsk on the Baltic Sea will not reach their original destinations in Brazil, according…

It has been said by many from the very start of the U.S.’s ‘Epic Fury’ war against Iran that no clear endgame was in sight whereby U.S. President Donald Trump could achieve his stated aims at the outset of the conflict. These were to change regime, permanently nullify Iran’s nuclear threat, destroy the country’s ballistic missile capabilities, and halt its support for terrorist proxies. It has also been said by many that Washington unaccountably failed to anticipate Iran’s blockade of the vital global transit…

Japan's biggest LNG importer and largest power producer, JERA, has secured its LNG supply through July and will adjust its procurement strategy to be more flexible amid the Middle East conflict that has trapped LNG supply behind the Strait of Hormuz. “At present, we have sufficient stock to last until July,” Masato Otaki, JERA's Executive Officer and Head of the Financial Strategy and Planning Division, said on Monday, as carried by Reuters. “Depending on how long the blockade continues, we will need to adjust our procurement…

Japan's biggest LNG importer and largest power producer, JERA, has secured its LNG supply through July and will adjust its procurement strategy to be more flexible amid the Middle East conflict that has trapped LNG supply behind the Strait of Hormuz. “At present, we have sufficient stock to last until July,” Masato Otaki, JERA's Executive Officer and Head of the Financial Strategy and Planning Division, said on Monday, as carried by Reuters. “Depending on how long the blockade continues, we will need to adjust our procurement…