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☆ Trump’s pick for fracker-in-chief will have a tough time pumping a lot more oil
▼ + stars: | 2024-11-18 | by ( Auzinea Bacon | Chris Isidore | ) edition.cnn.com time to read: +4 min

Trump has said he wants to lower gas prices — which currently average $3.07 per gallon — to below $2 a gallon. But the American oil industry is already booming and increasing output doesn’t mean gas prices will drop. After oil prices shot up in 2022 in the wake of Russia’s invasion of Ukraine and the sanctions on Russian oil imposed by western countries, major oil companies reported record profits. But are we going to increase oil production by another 50%? OPEC+, a group of leading oil-producing countries, even delayed plans to increase production because of concerns about excess supply.

Persons: Donald Trump, ” Trump, Trump, Chris Wright, Wright, Andy Cross, Andy Lipow, ” Lipow, “ It’s, Biden, ”, Bob McNally, George W, Bush, CNN’s David Goldman, Matt Egan Organizations: CNN, Liberty Energy, Liberty, Denver Post, US Energy Information Administration, P, Insights, Eurasia Group, Texas Intermediate, OPEC, Lipow Oil Associates, Energy, Oil Locations: Denver, States, Saudi Arabia, Russia, Eurasia, Ukraine, China, OPEC

☆ Oil prices rely on geopolitics regardless of who wins election, says RBC's Helima Croft
▼ + stars: | 2024-11-05 | by ( ) www.cnbc.com time to read: 1 min

Share Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailOil prices rely on geopolitics regardless of who wins election, says RBC's Helima CroftHelima Croft, RBC Capital Market's head of global commodity strategy weighs in on how the energy sector would be impacted by a Trump victory.

Persons: RBC's Helima Croft Helima Croft, Trump Organizations: RBC Capital

☆ The U.S. President has more influence on oil flows outside than inside of the country: Analyst
▼ + stars: | 2024-10-29 | by ( ) www.cnbc.com time to read: 1 min

Share Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailThe U.S. President has more influence on oil flows outside than inside of the country: AnalystJim Burkhard from S&P Global Commodity Insights discusses the impact of the upcoming US elections on oil flows.

Persons: Jim Burkhard Organizations: P

☆ Oil market participants need to know if Iran-Israel conflict is over, says RBC's Helima Croft
▼ + stars: | 2024-10-28 | by ( ) www.cnbc.com time to read: 1 min

Share Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailOil market participants need to know if Iran-Israel conflict is over, says RBC's Helima CroftHelima Croft, RBC Capital Markets head of global commodity strategy, joins 'Money Movers' to discuss if Israel exercised restraint in not targeting Iran's oil facilities, the demand side of the oil market, and much more.

Persons: RBC's Helima Croft Helima Croft, Israel Organizations: Email, RBC Capital Markets Locations: Iran, Israel

☆ U.S. crude prices fall more than 4% as Israel is not expected to strike Iran’s oil industry
▼ + stars: | 2024-10-15 | by ( Spencer Kimball | ) www.nbcnews.com time to read: +3 min

Year to date, U.S. crude oil has fallen more than 1%. But Croft warned of a spiral of escalation that could ultimately lead to an oil disruption. Israel could be holding the oil card in reserve until they see how Iran responds to their strike, she said. OPEC also has millions of barrels per day in spare capacity that could jump into the breach if there is a supply disruption. “They will want to see that there is a physical supply disruption before they really jump in front of this.”

Persons: Israel, Helima Croft, CNBC’s, Brent, Croft, ” Croft, “, ” Organizations: Biden, NBC News, RBC Capital Markets, West Texas Intermediate, Natural Gas, Israel, Global, International Energy Agency, IEA, OPEC Locations: Israel, Iran, Americas, U.S, Saudi Arabia

☆ U.S. crude oil on pace to eke out second weekly gain on Middle East war risk
▼ + stars: | 2024-10-11 | by ( Spencer Kimball | ) www.cnbc.com time to read: +1 min

U.S. crude oil on Friday was on pace to eek out its second weekly gain in a row as Israel prepares to retaliate against Iran. Oil prices have gained more than 10% through Thursday's close since Iran hit Israel with ballistic missiles last week. Here are Friday's energy prices:Israel's security cabinet met Thursday to discuss the country's response to Iran's attack, according to media reports. Traders have worried that Israel will hit Iran's oil industry, potentially triggering a cycle of escalation that causes a significant disruption of supplies in the Middle East. Croft warned, however, that the U.S. influence may have waned since April, when Israel's response to Iran's first missile and drone attack was relatively muted.

Persons: Natasha Kaneva, Morgan, Joe Biden, Benjamin Netanyahu, Biden, Israel, Helima Croft, Croft Organizations: Brent, Traders, RBC Capital Markets Locations: Iran, The U.S, Israel

☆ Croft: The oil market is still in watch-and-wait mode.
▼ + stars: | 2024-10-07 | by ( ) www.cnbc.com time to read: 1 min

Share Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailCroft: The oil market is still in watch-and-wait mode. Helima Croft, Head of Global Commodity Strategy at RBC Capital Markets, highlights concerns about possible attacks on key oil infrastructure and the potential for price spikes if the conflict escalates.

Persons: Helima Croft Organizations: Global, Strategy, RBC Capital Markets

☆ U.S. crude oil jumps 2%, trades near $76 as market waits for Israel strike against Iran
▼ + stars: | 2024-10-07 | by ( Spencer Kimball | ) www.cnbc.com time to read: +1 min

U.S. crude oil rose about 2% on Monday, as the market waited for Israel to strike Iran. Oil prices spiked last week on fears that Israel could hit Iran's oil industry in retaliation for Tehran's ballistic missile attack. The impact on the oil market would be significant if Israel struck Kharg Island, through which 90% of Iran's crude exports pass, Croft said. The worst-case scenario is a disruption in the Strait of Hormuz, through which 20% of the world's crude exports flow, Gelder said. Iran might target the strait in response to an Israeli strike, which would have a far more dramatic effect on crude prices, the analyst said.

Persons: Israel, Joe Biden, Biden, Helima Croft, Croft, CNBC's, Alan Gelder, Wood Mackenzie, Gelder Organizations: Texas Intermediate, Brent, RBC Capital Markets Locations: Israel, Iran, U.S, Kharg, Wood, Strait, Hormuz

☆ Israel retaliation may target Iran oil infrastructure, boosting prices further, Wall Street analysts say
▼ + stars: | 2024-10-02 | by ( Spencer Kimball | ) www.cnbc.com time to read: +3 min

The expanding war in the Middle East, however, has reached a new boiling point as Israel has vowed a "painful" response to Iran's attack. The government of Prime Minister Benjamin Netanyahu could take aim at the Islamic Republic's oil infrastructure in retaliation, geopolitical and crude market analysts say. "The next turn in this retaliation spiral may very well involve oil – via the degrading of Iran's oil capacityor Iran's proxies attacking oil and gas shipping from the Persian Gulf," Piper Sandler analysts told clients in a Wednesday research note. If Iran's oil exports of around 1.8 million bpd were taken offline, prices would likely jump by at least $5 per barrel, McNally said. An escalation on this scale could send oil prices higher in increments of $10 per barrel, the analyst said.

Persons: Ali Mohammadi, Benjamin Netanyahu, Helima Croft, Jack Jacobs, Jacobs, Croft, Piper Sandler, Bob McNally, McNally Organizations: Persian Gulf, Bloomberg, Getty, OPEC, RBC Capital Markets, U.S, Army, Rapidan Energy Locations: Bandar Abbas, Iran, Israel, China, Persian

☆ Dangerous times for the oil market, oil analyst says
▼ + stars: | 2024-10-02 | by ( ) www.cnbc.com time to read: 1 min

Share Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailDangerous times for the oil market, oil analyst saysAndy Critchlow, EMEA head of news at S&P Global Commodity Insights, discusses the recent fluctuations in global oil prices due to the ongoing tensions in the Middle East.

Persons: Andy Critchlow Organizations: P, Commodity

☆ U.S. crude oil drifts lower, trades below $68 per barrel despite war in Lebanon
▼ + stars: | 2024-10-01 | by ( Spencer Kimball | ) www.cnbc.com time to read: +1 min

U.S. crude oil prices drifted lower Tuesday as the risk of rising supply from OPEC+ overshadows a dramatic escalation of the war in the Middle East. Israel has dispatched ground forces into southern Lebanon after pounding the Iran-backed militia Hezbollah with airstrikes for days, eliminating much of the group's leadership. For now, traders remain focused on weak demand in China and the prospect of OPEC+ producing more oil starting in December, Croft said. Here are Tuesday's energy prices at 8:43 am ET:OPEC leader Saudi Arabia might be prepared to allow more oil back onto the market to pressure members such as Iraq with lower oil prices, said Bob McNally, president of Rapidan Energy. Saudi has become increasingly frustrated with Iraq producing more crude than then their production targets, McNally said.

Persons: we've, Helima Croft, CNBC's, Croft, Bob McNally, McNally Organizations: RBC Capital Markets, Rapidan Energy, Saudi Locations: East, Israel, Lebanon, Iran, China, Saudi Arabia, Iraq

☆ Stocks tumble, oil spikes as Mideast tensions flare
▼ + stars: | 2024-10-01 | by ( Filip De Mott | ) www.businessinsider.com time to read: +3 min

Gold and crude oil rallied, while the 10-year Treasury yield dropped. On the economic data front, job openings rose unexpectedly in August. Sign up to get the inside scoop on today’s biggest stories in markets, tech, and business — delivered daily. Traders elected to crowd into safe-haven assets like gold as Iran launched a barrage of missiles toward Israel on Tuesday. AdvertisementAs oil rallied, so did gold and the bond market, with investors piling into risk-off assets.

Persons: —, Helima Croft, Quincy Krosby, Bill Adams Organizations: Treasury, Service, Traders, RBC Capital Markets, CNBC, Global, LPL, Labor, Comerica Bank Locations: Israel, Iran, Lebanon

☆ Croft: To date, we haven't seen a supply disruption.
▼ + stars: | 2024-09-30 | by ( ) www.cnbc.com time to read: 1 min

Share Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailCroft: To date, we haven't seen a supply disruption. Helima Croft, RBC Capital Markets' Head of Global Commodity Strategy, highlights Middle East tensions and potential risks to oil supply, but notes no major disruptions yet

Persons: Helima Croft Organizations: RBC Capital Markets, Global Commodity

☆ Croft: We haven't seen major disruptions, but conflicts could impact markets.
▼ + stars: | 2024-09-23 | by ( ) www.cnbc.com time to read: 1 min

Share Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailCroft: We haven't seen major disruptions, but conflicts could impact markets. Helima Croft, RBC Capital Markets' Head of Global Commodity Strategy, highlights rising oil prices and geopolitical risks related to Iran and Hezbollah that are "not fully priced in." She notes that while energy supplies remain stable, conflicts could impact markets.

Persons: Helima Croft Organizations: RBC Capital Markets, Global Commodity Locations: Iran

☆ OPEC will want to put pressure on Iraq around compliance, analyst says
▼ + stars: | 2024-09-13 | by ( ) www.cnbc.com time to read: 1 min

Share Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailOPEC will want to put pressure on Iraq around compliance, analyst saysAndrew Critchlow, global head of news at S&P Global Commodity Insights, discusses oil prices and OPEC.

Persons: Andrew Critchlow Organizations: P, Commodity Locations: Iraq

☆ Bitcoin could soon hit six figures regardless of who wins U.S. election, investors say
▼ + stars: | 2024-09-11 | by ( Tanaya Macheel | ) www.cnbc.com time to read: +5 min

Despite the increasingly partisan sentiment in the cryptocurrency industry, bitcoin will thrive over the long term regardless of who wins the U.S. presidential election in November. It helps that bitcoin became more institutionalized than ever this year with the introduction of U.S. bitcoin exchange traded funds. "If Trump wins in November, will there be an immediate pump? If Harris wins, could there be some immediate sell pressure? Although there are concerns thanks to the Biden administration's position on bitcoin, "I would remind investors ... that bitcoin did great," under the current adminustration, Lubka added.

Persons: That's, Donald Trump's, Steven Lubka, Bitcoin, Lubka, Kamala Harris, James Davies, bitcoin, " Davies, hasn't, Harris, Biden, Tyrone Ross, Trump, Bernstein, Swan Bitcoin, Elizabeth Warren, Gary Gensler, … Organizations: U.S, Swan, Exchange, Investors, Conference, Republican, Trump, Securities Locations: United States, Japan, Nashville, bitcoin

☆ U.S. crude oil rises above $74 per barrel but is on pace for weekly loss
▼ + stars: | 2024-08-23 | by ( Spencer Kimball | ) www.cnbc.com time to read: +1 min

The Strategic Petroleum Reserve (SPR) Bryan Mound storage facility located in Brazoria County, Texas, is one of four sites that make up the country's oil reserve. Crude oil futures rose more than 1% on Friday, but are on pace for a weekly loss as slowing demand in China weighs on the market. "That has really evaporated from the market," Croft said. "The market has really refocused on these demand concerns," Croft said. "Chinese demand concerns have really weighed on this market as well as broader concerns about the macro outlook," she said.

Persons: Brent, Helima Croft, CNBC's, Croft Organizations: Strategic Petroleum Reserve, RBC Capital Markets, Traders Locations: Mound, Brazoria County , Texas, China, Iran, Israel, Tehran

☆ These situations will not settle themselves, says Atlantic Council's Fred Krempe on geopolitics
▼ + stars: | 2024-08-13 | by ( ) www.cnbc.com time to read: 1 min

Share Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailThese situations will not settle themselves, says Atlantic Council's Fred Krempe on geopoliticsCNBC contributors Fred Krempe, Atlantic Council president and CEO, and Helima Croft, RBC Capital Markets head of global commodity strategy, join 'The Exchange' to discuss geopolitics, war conflicts on commodities, elections and more.

Persons: Fred Krempe, Helima Croft Organizations: CNBC, Atlantic, RBC Capital Markets

☆ U.S. crude oil breaks $78 per barrel as fears of war between Iran and Israel grow
▼ + stars: | 2024-08-01 | by ( Spencer Kimball | ) www.cnbc.com time to read: +1 min

U.S. crude oil futures broke above $78 per barrel Thursday on fears that Israel and Iran are heading to a direct conflict after the assassination of a Hamas leader in Tehran. Iran Supreme Ayatollah Ali Khamenei has ordered a direct strike on Israel in response to the assassination of Hamas political leader Ismail Haniyeh, three Iranian officials told the New York Times. Khamenei ordered the direct strike at an emergency meeting of Iran's national security council Wednesday morning after Haniyeh was killed, the officials told The Times. Iran and Israel traded direct strikes in April, pushing oil prices to the highest point of the year, but they enemies ultimately pulled back from a full-scale war. The rising tensions come as an OPEC+ committee is meeting Thursday to review members' production quotas.

Persons: Ali Khamenei, Ismail Haniyeh, Haniyeh, Khamenei, Yemen's, Helima Croft, Croft Organizations: New York Times . West Texas, Times, Reuters, RBC Capital Markets Locations: Israel, Iran, Tehran, Iraq, Gaza

☆ How a second Trump administration might risk the investment case for green energy
▼ + stars: | 2024-07-27 | by ( Hakyung Kim | ) www.cnbc.com time to read: +9 min

For years, China ramped up green energy production capacity, becoming the global leader in renewable energy manufacturing, from solar to wind to battery. In a second Trump administration, prices for imports from China are likely to surge for green energy producers. The view is that First Solar will benefit the most within the U.S. solar sector from greater trade restrictions, according to Baird. Ultimately, that may curtail the number of green energy startups and private companies that want to go public, Schleif said. "It's been really hard to compete with Chinese companies in any way, shape or form."

Persons: Donald Trump, Trump, Biden, Baird, Ben Kallo, Green, Carol Schleif, Schleif, Joe Biden, Andy Poreda, Tobin Marcus, Wolfe, TAN, Morgan Stanley, Elon Musk's, Advisory's Poreda, Poreda, It's Organizations: P, BMO Family Office, Biden White, Sage Advisory, Republican, Senate, White, Wolfe Research, Republican National Convention, Biden, JPMorgan, Materials Corp Locations: China, U.S, North America, Albemarle

Nickel mining in Indonesia has surged, making it the world's top producer of the metal. With over 14 active mines, Indonesia supplies more than 40% of global nickel demand, driven by its crucial role in electric vehicle (EV) batteries. The rapid growth in nickel production is closely linked to Indonesia's partnership with China, the largest global EV battery producer. Chinese investments have bolstered Indonesia's mining capabilities, focusing on refining nickel locally following a 2022 ban on raw nickel exports. Increased nickel production in Indonesia has led to oversupply and lower prices, impacting producers in Australia and Canada.

Persons: Jason Sappor, Tesla, Todd Malan, It's, Elon Musk Organizations: P, EV, Talon, Talon Metals, Tesla Inc Locations: Indonesia, China, Australia, Canada, America, United States, Michigan, Minnesota

☆ Nantucket wind turbine failure was ‘highly unusual and rare.’ But it wasn’t the first
▼ + stars: | 2024-07-20 | by ( Ella Nilsen | ) edition.cnn.com time to read: +4 min

CNN —The massive offshore wind turbine blade that broke and spread fiberglass and foam debris across Nantucket beaches this week was one of several recent failures of blades made by GE Vernova – a top US wind turbine manufacturer. Several GE Vernova blades have broken on onshore and offshore turbines in Germany, Sweden, Lithuania and the United Kingdom in recent years. Broken wind turbines are “highly unusual and rare,” a GE Vernova representative told Nantucket residents and officials on Wednesday. WBZTown of Nantucket CurrentLast year, three GE Vernova blades broke at the Alfstedt-Ebersdorf onshore wind farm in Germany. The total number of broken turbine blades has been relatively low compared to the large number of blades manufactured each year.

Persons: it’s, Indra Mukherjee, ” Mukherjee, Mukherjee, Julia Pschribülla, Pschribülla, Brooke Mohr Organizations: CNN, GE Vernova, GE, Nantucket, Copenhagen Infrastructure Partners, P, WBZ, Energy Locations: Germany, Sweden, Lithuania, United Kingdom, Avangrid, Copenhagen, Nantucket, Massachusetts, East Coast

☆ Utility bills are getting cheaper, but AI could spoil the party
▼ + stars: | 2024-07-04 | by ( Filip De Mott | ) www.businessinsider.com time to read: +4 min

AdvertisementAlthough payments have declined, electricity prices — the chief component driving utility costs — have been rising quickly, BofA noted. The upswing is on account of increased power demand, fueled by a range of diverse sources. But AI is the front-and-center factor that will drive utility costs up over a potentially multi-decade horizon, BofA noted. Higher demand cloud servers has already caused a upswing in commercial electricity demand, such as in Virginia and Texas. AdvertisementFor investors, the rising power demand has drawn a spotlight on utility stocks, projected to be the AI boom's actual winners.

Persons: BofA, —, It's Organizations: Bank of America, Service, BofA Global Research Locations: Virginia, Texas

☆ Natural gas is starting to resemble oil as a global commodity – here's why that matters and how to play it
▼ + stars: | 2024-07-03 | by ( Spencer Kimball | ) www.cnbc.com time to read: +7 min

Natural gas has historically been a regional commodity, with supply limited by pipeline networks. "Natural gas is starting to resemble oil in that there's a more global market emerging for it," Antia told CNBC in an interview. The global capacity to liquefy natural gas has grown 60% since 2014, reaching 483 million metric tons annually as of February 2024, according to the IGU. Cheniere: LNG powerhouse The U.S. dominates the global LNG market, accounting for 21% of global exports last year and shipping 84 million metric tons, according to the IGU. Cheniere Energy , a global LNG leader based in Houston, is an opportunity for investors who want exposure to the growing global gas market, Antia said.

Persons: Shehriyar Antia, PGIM, Antia, Bernstein, Cheniere, Morgan Stanley, Biden, Mark Menezes, CNBC's, Menezes, Trump Organizations: Prudential Financial, CNBC, International Gas Union, Cheniere Energy, York Stock Exchange, Department of Energy, U.S, LNG, European Union, U.S . Department of Energy, European, United States Energy Association Locations: U.S, Houston, Cheniere's, of Mexico, Indonesia, China, India, Japan, South Korea, Europe, Asia, Russia, Moscow, Ukraine, United Kingdom, European Union

☆ U.S. crude oil holds above $81 per barrel, on pace for second weekly gain in a row
▼ + stars: | 2024-06-20 | by ( Spencer Kimball | ) www.cnbc.com time to read: +1 min

U.S. crude oil held firm above $81 per barrel on Thursday, with the benchmark heading for its second weekly gain in a row. West Texas Intermediate has gained 4% this week, while global benchmark Brent is up 3.3%. JPMorgan is forecasting that Brent will hit $90 per barrel in September as the market tightens on falling inventories. Here are today's energy prices:Crude oil has proven resilient with upside momentum firming, Ryan McKay, senior commodity strategist at TD Securities, told clients in a research note Wednesday. Commodity trading advisors could ease up on buying and liquidate some of their length if U.S. oil drops below $80.33 and Brent falls under $84.92, McKay said.

Persons: Brent, Natasha Kaneva, Morgan, Ryan McKay, McKay Organizations: West Texas Intermediate, Brent, JPMorgan, TD Securities Locations: 3Q24

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