News
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%…
The impact of the war in the Middle East could lead to structural demand destruction on the world’s natural gas markets, the head of the Gas Exporting Countries’ Forum warned in the latest sign of the far-reaching impacts of the hostilities between the United States and Israel, and Iran. The war has already disrupted international gas flows because of the Strait of Hormuz closure and the strikes on energy infrastructure in the Persian Gulf, which were Iran’s retaliation for U.S. and Israeli strikes that began at the end of February.…
Nigeria is finally starting to fix a long-standing imbalance: a major crude exporter that couldn’t meet its own fuel demand. That shift is now materializing in hard numbers—and it is being driven entirely by the Dangote refinery, which is already running close to full capacity and shows little sign of slowing. In a market starved of refined products, this rising refining giant is quickly emerging as one of the few reliable sources in the current supply squeeze, particularly for Europe. In March, gasoline exports rose to 55,000 b/d while…
A transformation is taking place in clean energy and climate investing. The current energy crisis has shifted global energy priorities, with a newfound emphasis on energy security and resilience. As a result, flows of investing dollars are shifting away from new and innovative technologies toward tried and true energy sources and methods that fall under the purview of established and trusted entities. We are also seeing – at long last – a shift toward investing in much-needed energy infrastructure to support the world's fast-growing…
The White House extended its Jones Act waiver by 90 days, keeping foreign-flagged tankers eligible to move crude, fuels and fertilizer between U.S. ports through mid-August. The waiver was on track to expire on May 17. The waiver still covers 659 product categories, preserving access to foreign shipping at a moment when U.S. coastal transport capacity is tight and roughly 13 million barrels per day of crude and products remain disrupted globally due to the Iran war. Notably, Gulf Coast crude will now clear faster by moving more easily to East Coast…
