Focus on Fuel
US renewable fuel credits rally to multi-month highs despite Trump reelection
U.S. renewable fuel credits hit multi-month highs amid strong refiner demand and rising soyoil prices, surprising traders.
Trump prepares withdrawing from Paris climate agreement, NYT reports
Trump's team prepares executive orders to exit Paris accord, shrink national monuments, and lift gas export terminal pause.
COP29 host Azerbaijan promoted fossil fuel deals ahead of climate summit, NGO says
A secret video reveals Azerbaijan, COP29 host, offering to discuss potential fossil fuel deals ahead of the climate summit.
US to tighten restrictions on oil, solar and wind energy development to protect sage grouse
Biden proposes tighter energy rules on 6,500 sq miles to protect sage grouse, drawing criticism from environmentalists, industry.
US federal energy revenue falls 10% in 2024, but still among biggest years ever
U.S. federal revenue from energy on public lands fell 10 per cent to $16.4B, driven by softer gas prices and reduced new leasing.
Trump considering Doug Burgum as new ‘energy tsar’ to slash regulations, FT reports
President-elect Donald Trump is considering North Dakota Governor Doug Burgum to be his new "energy tsar", the Financial Times reported on Friday.
EOG Resources set to boost shareholder returns
EOG Resources plans to raise debt to $5-6 billion, enabling over 100 per cent free-cash-flow returns to shareholders while maintaining a debt-to-EBITDA ratio...
Ottawa faces potential loss if Trans Mountain pipeline sold, say advisors
The pipeline could be worth between $29.6 billion and $33.4 billion.
UN aims to set standards for scandal-hit carbon markets at COP29
Governments could finally approve new UN standards for countries and companies wanting to trade carbon credits.
NRG Energy posts Q3 core profit beat, raises annual forecast
The Houston, Texas-based utility said it now expects the 2024 adjusted profit forecast to be between $5.95 and $6.75 per share.
