Via Metal Miner The Automotive MMI (Monthly Metals Index) moved sideways, inching up by 2.29%. While the index has maintained a mostly sideways trend over the past year, short-term volatility may be on the way. President Trump recently announced a 50% tariff on imported copper, a move expected to impact U.S. automotive manufacturing firms that source the red metal. Trump’s 50% Copper Tariff Stuns Automotive Manufacturing Supply Chain President Trump’s surprise July 8–9, 2025 announcement of a 50% tariff on imported copper (which…

As LNG Canada shipped its first LNG cargo from the newly completed facility in Kitimat, on the northwest coast of British Columbia, activity is ramping up on the East Coast especially offshore natural gas. LNG Canada consists of an export plant that cools the natural gas to a liquid using a combination of hydroelectricity and natural gas, states LNG Canada — a consortium of Shell, Mitsubishi Corporation, Petronas, PetroChina and Korea Gas Corp. The accompanying pipeline, called Coastal GasLink, is a partnership owned by affiliates…

Crude futures fell over 2% Thursday as traders reacted to fresh tariff threats from U.S. President Donald Trump, raising alarms over future oil demand in key growth markets. At 12:19 p.m. ET, Brent crude was trading down 1.80%, at $68.93 per barrel, while WTI dropped to $66.97, shedding 2.06% on the day. In comments made Wednesday evening, Trump warned of a broadening tariff regime targeting Chinese imports, citing ongoing imbalances and Beijing’s trade practices. While no specific measures were announced, the tone of escalation rattled energy…

Crude futures fell over 2% Thursday as traders reacted to fresh tariff threats from U.S. President Donald Trump, raising alarms over future oil demand in key growth markets. At 12:19 p.m. ET, Brent crude was trading down 1.80%, at $68.93 per barrel, while WTI dropped to $66.97, shedding 2.06% on the day. In comments made Wednesday evening, Trump warned of a broadening tariff regime targeting Chinese imports, citing ongoing imbalances and Beijing’s trade practices. While no specific measures were announced, the tone of escalation rattled energy…

France’s solar power generation hit a new record this week, sending intraday electricity prices into negative territory for several hours—a stark reminder of the volatility created by rapid swings in renewable output. At 2 p.m. Thursday, French solar output surged to 19.5 gigawatts, meeting nearly 40% of national demand, according to grid operator RTE. That figure beat Bloomberg’s forecast peak of 18 GW and contributed to a midday glut of electricity that pushed prices as low as -€11 per megawatt-hour, Epex Spot SE data shows.…

So far in July, European natural gas markets have seen the lowest volatility in prices since 2021, but as summer temperatures peak in the coming weeks, demand is expected to rise, and so will the benchmark gas prices. In recent days, the historic 10-day volatility in European gas prices slumped to the lowest levels since September 2021, according to Bloomberg’s estimates. The low volatility followed a turbulent month of June, in which prices spiked due to concerns about disruptions to supply from the Middle East during the Israel-Iran conflict.…

So far in July, European natural gas markets have seen the lowest volatility in prices since 2021, but as summer temperatures peak in the coming weeks, demand is expected to rise, and so will the benchmark gas prices. In recent days, the historic 10-day volatility in European gas prices slumped to the lowest levels since September 2021, according to Bloomberg’s estimates. The low volatility followed a turbulent month of June, in which prices spiked due to concerns about disruptions to supply from the Middle East during the Israel-Iran conflict.…

So far in July, European natural gas markets have seen the lowest volatility in prices since 2021, but as summer temperatures peak in the coming weeks, demand is expected to rise, and so will the benchmark gas prices. In recent days, the historic 10-day volatility in European gas prices slumped to the lowest levels since September 2021, according to Bloomberg’s estimates. The low volatility followed a turbulent month of June, in which prices spiked due to concerns about disruptions to supply from the Middle East during the Israel-Iran conflict.…

So far in July, European natural gas markets have seen the lowest volatility in prices since 2021, but as summer temperatures peak in the coming weeks, demand is expected to rise, and so will the benchmark gas prices. In recent days, the historic 10-day volatility in European gas prices slumped to the lowest levels since September 2021, according to Bloomberg’s estimates. The low volatility followed a turbulent month of June, in which prices spiked due to concerns about disruptions to supply from the Middle East during the Israel-Iran conflict.…

One of Britain’s biggest biodiesel plants is preparing to shut down in the latest blow to the government’s industrial strategy. The Greenergy plant in Lincolnshire, which is thought to produce as much as a quarter of the UK’s biodiesel, on Thursday confirmed it would begin consultation on a proposal to cease production. Greenergy said its Immingham plant had continued to be impacted by market factors, including slower increases in the UKs biofuels blending mandates compared to European countries and competition from subsidised…

The world will need as much as 19.5 million barrels per day (bpd) of new refining capacity by 2050 to meet rising global oil demand, OPEC said in its 2025 World Oil Outlook (WOO) with forecasts through the middle of the century. Overall, OPEC expects global oil demand to continue rising by 2050, with global oil demand projected to increase by more than 19 million bpd between 2024 and 2050, reaching nearly 123 million bpd. India, Other Asia, the Middle East, and Africa are set to be the primary sources of long-term oil demand growth. Combined demand…

The world will need as much as 19.5 million barrels per day (bpd) of new refining capacity by 2050 to meet rising global oil demand, OPEC said in its 2025 World Oil Outlook (WOO) with forecasts through the middle of the century. Overall, OPEC expects global oil demand to continue rising by 2050, with global oil demand projected to increase by more than 19 million bpd between 2024 and 2050, reaching nearly 123 million bpd. India, Other Asia, the Middle East, and Africa are set to be the primary sources of long-term oil demand growth. Combined demand…

The world will need as much as 19.5 million barrels per day (bpd) of new refining capacity by 2050 to meet rising global oil demand, OPEC said in its 2025 World Oil Outlook (WOO) with forecasts through the middle of the century. Overall, OPEC expects global oil demand to continue rising by 2050, with global oil demand projected to increase by more than 19 million bpd between 2024 and 2050, reaching nearly 123 million bpd. India, Other Asia, the Middle East, and Africa are set to be the primary sources of long-term oil demand growth. Combined demand…

The United States and Iran are poised to return to the negotiating table at a moment when tensions between the two are high and trust is low. The talks were initially planned for July 10 in Oslo, according to RFE/RL’s sources, who now say the meeting has been postponed -- likely to next week. Whenever they take place, the talks will mark a potential restart of nuclear diplomacy between the longtime adversaries just weeks after joint Israeli-US air strikes targeted Iranian nuclear sites. Israel launched its attack on Iran on June 13, just…

Governments and policy makers must better anticipate and prepare for energy crises before they happen, drawing from past experience and increasing diversification of supply, predictability in policy, and international cooperation, Fatih Birol, Executive Director at the International Energy Agency (IEA), said on Thursday. Many tools to tackle energy security today have been developed after crises have hit in the past. Such was the case with the creation of the IEA itself following the Arab oil embargo in the 1970s and with the emergency stockpiles…

“There is no peak oil demand on the horizon,” OPEC Secretary General Haitham Al Ghais wrote in the foreword of OPEC’s latest World Oil Outlook (WOO), which sees global oil demand growing by about 19% from now until 2050 to reach 123 million barrels per day (bpd). In view of slowing Chinese demand growth, OPEC revised down its oil demand growth forecasts for all years between 2025 and 2029. However, global economic development with growing demand for oil and an increasing global population and middle class are set to underpin demand…

Equinor has made a gas discovery close to its Johan Castberg oilfield in the Barents Sea and will assess a potential tie-in to the now fully operational Arctic field. Equinor and its partners in the exploration and production license have hit natural gas in the Skred prospect, in a well drilled 23 kilometers (14 miles) north of the Johan Castberg field and 210 kilometers (130 miles) northwest of Hammerfest, a major gas export facility in Norway, the Norwegian Offshore Directorate said on Thursday. Preliminary estimates put the size of the discovery…

OPEC+ blindsided oil market participants, again, with a larger-than-expected oil production hike for August.   Instead of the widely expected 411,000 barrels per day (bpd), the group of eight OPEC+ producers led by Saudi Arabia and Russia decided to add 548,000 bpd to their combined oil output next month. OPEC+ motivated its decision for the supersized hike with “a steady global economic outlook and current healthy market fundamentals, as reflected in the low oil inventories.”   Aiming to take advantage of the peak summer…

Earnings season is here again, with second-quarter earnings season set to begin in earnest during the second full week of July. According to FacetSet Earnings Insight, companies in the S&P 500 are expected to report aggregate earnings growth of 5.0%, marking the lowest growth by the market in seven quarters. FactSet has reported that Wall Street is most bearish about the energy sector, and has lowered EPS estimates for oil and gas companies by the largest percentage amongst all 11 market sectors at -18.8% to $22.7 billion from $27.9 billion…

At the recent gathering of BRICS nations in Brazil, the members’ joint statement contained an interesting assertion. BRICS leaders said that, while recognizing the need for an energy transition, they “acknowledge fossil fuels will still play an important role in the world’s energy mix, particularly for emerging markets and developing economies.” Luckily for BRICS members, they tend to be rather rich in such fuels. A lot of these developing economies are in South America—which also happens to feature some sizable oil…