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Energy Markets

Stellantis adds two new members to its board of directors in order to improve financial oversight and tech expertise

Stellantis, a carmaker, announced on Monday that it had nominated Daniel Ramot, Alice Schroeder, and proposed the reelection of five other board members. The mandates of seven executives are coming to an end. Ramot, an Israeli-American, is the co-founder and CEO at Via, a global company that specializes in transportation technology. Schroeder, a former managing Director of Morgan Stanley, currently serves on the board of HSBC North America. The company stated that "the board believes Schroeder’s deep expertise in strategic leadership and financial oversight, coupled with Ramot’s extensive experience in research and technology, will provide highly valued insights and strengthen...




Energy Markets

Fossil Fuels

Fossil Fuels

Sudan files case against United Arab Emirates before the World Court

The International Court of Justice announced on Thursday that Sudan had filed a complaint against the United Arab Emirates for allegedly breaching its obligations under Genocide Convention through the arming of the paramilitary Rapid Support Forces. A UAE official stated in a press release that the United Arab Emirates would seek an immediate dismissal of this case. The UAE said there was no "legal or factual basis" for it. The charges relate to the intense ethnic-based attacks carried out by the RSF, and other Arab militias in West Darfur in 2023 against the non Arab Masalit tribe. These attacks were...

Fossil Fuels

Commerce chief: Trump will consider tariff relief for sectors that comply with the trade agreement

The U.S. Commerce Department head said that President Donald Trump may consider protecting certain sectors, such as automakers, from U.S. Tariffs. His administration will announce tariffs on Canada and Mexico later on Wednesday. Howard Lutnick, in an interview with Bloomberg TV, said that Trump would be the one to make the final decisions on whether or not to provide relief to specific industries. He said that the 25% tariff on Canada and Mexico will remain in place with a view to renegotiating an agreement with these two countries next year. The Commerce secretary stated that "the president has the right...

Fossil Fuels

Trafigura announces Hallouche's departure as Puma Energy CEO

Mark Russell will replace Hadi Hallouche as the chief executive officer of Trafigura's downstream energy company Puma Energy. Trafigura, a Swiss company, said that Hallouche would work as co CEO with Russell until June's end. Hallouche, who is the CEO of Puma, has held this position since October 20, 2021. Prior to that, he was Trafigura’s Asia Head of Oil and Global Head of Liquefied Natural Gas. He was previously an LNG trader at Shell. Richard Holtum, who replaced Jeremy Weir in January as Trafigura's group CEO, is the latest Trafigura leader to leave. This was followed by a number...

Wind Farms

Fugro warns that US headwinds will affect revenue in 2025

Dutch geological data specialist Fugro reported that its fourth-quarter revenues were affected by political uncertainty in the U.S. and further setbacks are expected next year. Fugro, a provider of geotechnical and survey services, subsea, and geosciences, reported 610.37 millions euros in revenue for the fourth quarter, slightly less than market expectations, which were 589.8 million euro. This was due to headwinds from the Americas and Middle East, and India. The Americas region, which accounts for 22% of group revenue, saw sales fall 11.5% organically to 137.8 millions euros in the fourth quarter, due in part to the uncertainty surrounding the...

Fossil Fuels

French and Benelux stocks: Factors to watch

Here are some company news and stories that could impact the markets in France and Benelux or even individual stocks. EUROPEAN CAR SALE/RENAULT: According to industry data released on Tuesday, new car sales in Europe fell by 2.1% during January. This was due to a decline in petrol and diesel sales and a rise in the number of fully electric and hybrid-electric cars registered in Europe's main markets. CLARIANE expects organic revenue growth of around +5% in 2025. FRANCE/MACRON/TRUMP/UKRAINE U.S. President Donald Trump and French President Emmanuel Macron displayed stark differences on Monday in their approach to Ukraine, exposing a...

Oil & Gas

Wall Street Journal, February 11,

These are the most popular stories from the Wall Street Journal. These stories have not been verified and we cannot vouch their accuracy. Elon Musk led a consortium of investors to offer $97,4 billion for the nonprofit OpenAI. This raised the stakes in the battle between him and Sam Altman regarding the company behind ChatGPT. Donald Trump, the President of the United States, announced on Monday 25% tariffs on steel and aluminum imports to the U.S. He also reinstated global duties for allies like Canada, Mexico and South Korea, which were relaxed under the Biden administration. Elliott Investment Management, a...

Fossil Fuels

Taiwan's chip industry faces a future in which China is threatening to take its share?

Taiwan's Powerchip Technology hoped that by entering into a deal in 2015 with the city of Hefei, located in eastern China, to establish a new foundry it would gain better access to the lucrative Chinese market. Nexchip has emerged as one of the biggest competitors in the legacy chip market, after Beijing's call for localisation forced Powerchip into giving up its once lucrative business producing integrated circuits used on Chinese flat panel displays. Nexchip is one of the Chinese foundries that are gaining market share quickly in the $56.3 billion market for so-called mature or legacy node chips, made with...

Fossil Fuels

French and Benelux stocks: Factors to watch

Here are some company news and stories that could impact the markets in France and Benelux or even individual stocks. BOUYGUES: Amazon announced Bouygues Group & AWS have signed a strategic alliance to accelerate digitalization across Bouygues Group operations. Credit AGRICOle The second largest listed bank in France announced a 27% increase in profits, exceeding quarterly earnings expectations. THALES: Thales Alenia Space - a joint venture between Thales & Leonardo - announced that it had signed a contract for the development of an airlock module by Mohammed Bin Rashid Space Centre in the Emirates. TOTALENERGIES: Lebanon's President expressed his hope...

Oil & Gas

North American companies prepare for the fallout of Trump tariffs

The "wait and watch" period for North American businesses is over. U.S. president Donald Trump imposed a 25% tax on goods coming from Canada and Mexico along with a tariff of 10% on China. This could be the beginning stages of a full scale trade war that will cause new headaches to executives who have already been dealing with rising costs for years. Tariffs on imports from the U.S.’s three biggest trade partners could disrupt industries ranging from consumer goods to autos. Before Saturday's announcement of tariffs, executives were able to dodge questions regarding the issue. Many wanted to avoid...

Fossil Fuels

Brava's onshore assets can be purchased through the Fluxus process in Brazil

Fluxus, a Brazilian oil and natural gas company owned by the conglomerate J&F has decided to withdraw its bid to purchase assets onshore owned by Brava Energia. This was announced in a Friday statement. Fluxus was invited to take part in the second phase of the sales process, but after a preliminary review decided to not proceed. This pushed Brava Energia's shares lower. Sources familiar with the issue told the media earlier this month that Fluxus made a non-binding bid for the assets onshore as part of its expansion strategy. However, the interest would depend on the results of further...

Fossil Fuels

Russian court tells Yandex to conceal images of oil refinery after Ukrainian attacks, TASS states

A Russian court has purchased internet company Yandex to hide access to maps and photos of among Russia's largest oil refineries due to duplicated attacks by Ukrainian drones, state news firm TASS reported on Friday. Yandex, often referred to as Russia's Google, runs the nation's biggest search engine and other online services like maps, translate and email, along with ride-hailing and food shipment. The court in Moscow purchased Yandex to leave out information about the refinery's infrastructure from its search engine result by removing and modifying pictures of workshops, compressor stations and other parts of the plant from Yandex Maps,...

Oil & Gas Equipment

French and Benelux stocks-Factors to view

Below are companyrelated news and stories from France and Benelux which might have an effect on the region's markets or private stocks. LISI: LISI got in settlements to sell its French division LISI Automotive Nomel to ZeroBaseInvest. The deal should be finished by the end of February 2025. Viridien: French oil and gas services group Viridien revealed a. short-lived marriage of its Chairman and CEO roles. Sophie. Zurquiyah is to presume combined functions up until 2026, while Philippe. Salle will assume roles of Vice-Chairman and Lead Director. Waga Energy: Waga Energy signed a 20-year arrangement with Seccra to. produce RNG...

Environment

Climate Change

EU proposes to give automakers three years for CO2 targets

On Monday, the European Commission gave in to pressure from European carmakers and granted them an extra three years to reach CO2 emissions targets for 2025. Ursula von der Leyen, President of the Commission, told a press conference that the EU executive will make a proposal this month to allow for compliance over three years rather than just one. To meet the targets, European automakers must sell more electric cars. They lag behind their Chinese and U.S. competitors in this segment. "The goals remain the same." "They have to meet the targets but it means that more breathing room for...

Pollution

Vivici, a Dutch startup that produces alternative proteins, receives a $34 million funding.

Vivici, a Dutch startup that produces food ingredients, announced on Monday it had received funding of 32.5 million Euros ($34 million) to increase its production. The company produces a dairy protein using a process known as 'precision fermenting'. This is a refined version of brewing in which microbes multiply to produce animal proteins or enzymes. Vivici believes that the demand for alternative protein will be driven by the need of food producers to reduce greenhouse gas emissions, and to lessen their vulnerability to seasonal agricultural swings. "The whey market, which is closest to us, is already a $13-billion market," Vivici...

Carbon Emissions

US EPA sends Congress a Biden-approved California EV Plan

The U.S. Environmental Protection Agency announced on Wednesday that it had submitted to Congress, for review and possible repeal, the Biden Administration's approval of California’s landmark plan to stop the sale of gasoline only vehicles by 2035. The new Trump administration's decision gives the Republican-led Congress a shot at repealing the Biden decision that granted California a Clean Air Act waiver for its program in accordance with the Congressional Review Act. Donald Trump, as a presidential candidate, promised to revoke approvals given by the EPA for California to require more EVs. He also pledged to tighten vehicle emission standards. These...

Mining

Mineral Resources

Mineral Resources

Stellantis' Elkann: European carmakers should avoid the defence industry

Stellantis' chairman said that the European automotive industry doesn't need to switch to defence production. He also confirmed the group will appoint its new CEO by the end of the first quarter of the year. Adolfo Urso, Italy's Minister of Industry, said that Rome is preparing an Industrial Plan to foster connections between the automotive, aerospace and defence sectors. The plan will be revealed in June. Stellantis chairman John Elkann told the Italian parliament that the U.S.A. and China had both strong automotive and defence industries. Therefore, there was no need to choose between them. Elkann's multinational group, which includes...

Mineral Resources

US automakers seek exemption from tariffs for Tata Steel Nederland as a key supplier

Tata Steel Nederland, the Dutch arm for the Indian steel giant Tata Steel, announced on Wednesday that some of its U.S. customers, particularly from the automotive industry, are lobbying to have the supplier exempted of U.S. steel import tariffs. TSN's spokesperson said that the exemptions were the most important factor in reducing the effect of tariffs. He added that it was still too early to make any comments on the effects for the industry. "We've been closely in touch with our customers for some time, and have assessed the implications of the recent change in the government in the U.S....

Mineral Resources

Ukraine's steel production increases despite the loss of a coking coal mine

The Ukrainian Steel Producers' Union reported on Saturday that despite the loss in eastern Ukraine of its key coking coal mining facility in Pokrovsk, the steel sector still maintained growth in 2025's first two months. Metinvest, the Ukrainian steelmaker, has suspended operations in Ukraine's sole coking coal mine. The company cited a deteriorating situation due to Russian advances. Data showed that the raw steel production rose 9.9% between January and February 2025, to 1,18 million metric tonnes. Since the Russian invasion of February 24, 2022 leading steel mills have been destroyed. Ukraine, once a major exporter and producer of steel,...

Mineral Resources

Mexico wants to increase exports that comply with U.S. regulations to 90% following the reprieve from tariffs.

Mexico is expecting to see a significant increase in the number of companies that are compliant exporting to the U.S., under a regional trading pact, said Economy Minister Marcelo Ebrard on Friday after Washington suspended tariffs on Mexican shipments under the agreement. Ebrard said, in a press conference with President Claudia Sheinbaum that currently, over half of the goods coming from Mexico into the U.S. are compliant to the U.S.MexicoCanada (USMCA), and therefore eligible for the tariff exemption. Announced on Thursday The minister estimated that this figure could rise to between 85% to 90% as companies shift their export practices...

Mineral Resources

European car sales fall in January, as combustion engine sales declines outweigh electric vehicle gains

Data from the industry showed that new car sales in Europe fell by 2.1% in January, as an increase in registrations of fully electric and hybrid electric cars in its major markets did not compensate for falling sales of petrol and diesel, according to Tuesday's data. The European Automobile Manufacturers Association's (ACEA) data showed that overall sales in France and Italy were down compared to last year. Only Spain recorded an increase year-on year among the top-selling nations. Why it's important After discussions with automakers and other interest groups, the EU executive will announce its plans for the auto sector...

Mineral Resources

European carmakers stocks fall after Trump's inauguration

Shares in some big European carmakers fell sharply on Tuesday on unpredictability over possible new tariffs after Donald Trump took office as U.S. President. Trump did not right away enforce tariffs as previously assured however stated he was thinking about enforcing 25% tasks on imports from Canada and Mexico on Feb. 1 over prohibited immigrants and fentanyl crossing into the United States. European carmakers such as Stellantis and Volkswagen have centers in Mexico which produce cars and trucks for the U.S. market. Stellantis shares fell around 2% by 0813 GMT, while the broader European vehicle sector was down around 1%,...

Mineral Resources

European vehicle sales up 0.9% in 2024, Renault surpasses Stellantis in Dec, ACEA states

New automobile sales in Europe were up by 0.9% in 2024, led by doubledigit development in hybrid vehicle registrations, which surpassed gas for a fourth consecutive month in December, market information revealed on Tuesday. Renault's market share in the continent overtook Stellantis' for the very first month because the Franco-Italian group was created in January 2021, information by the European Automobile Manufacturers Association (ACEA) revealed. WHY IT is necessary The European automobile market is undergoing a complex EV transition, as EV sales growth disappoints and carmakers oppose procedures to encourage consumers to abandon combustion engines, such as CO2 emission rules...

Coal

Why does Russia want to capture tactical Ukrainian city of Pokrovsk?

Russian forces are closing in on the tactically important eastern Ukrainian city of Pokrovsk after capturing a string of towns to its south, and Ukraine has actually halted production at its only coking coal mine nearby due to the advance. Here are some key points about Pokrovsk and the fight. WHAT IS POKROVSK? Pokrovsk is a roadway and rail center in Ukraine's eastern Donetsk area, which had a pre-war population of some 60,000 people. While the majority of people have actually run away, Ukraine estimated last month that approximately 11,000 still stay in the city. It pushes an essential road...

Mineral Resources

After Northvolt, Europe's battery hopes rely heavily on China

Northvolt's. monetary collapse has actually not totally crushed Europe's dream of. establishing its own electric car batteries but satisfying it. is likely to require Chinese cash and knowledge. InoBat CEO Marian Bocek's Slovakian start-up had to work. hard to secure financing till China's fifth-largest battery maker. Gotion bought a 25% stake last year and formed a. joint endeavor with InoBat to construct European gigafactories. On Friday, InoBat revealed 100 million euros ($ 104 million). in Series C financing, taking its total raised to well over 400. million euros. Coming simply weeks after Northvolt's failure, the investment. shows European EV battery...

Mineral Resources

European cars and truck sales fall in November, led by France and Italy, ACEA states

New cars and truck sales development in Europe turned unfavorable again in November, after showing a meagre development in October, weighed by sharp declines in France and Italy, and a. stagnancy in Germany, industry information revealed on Thursday. The downturn in electrical lorry (EV) sales was only partly. offset by the growth of hybrid-electric vehicle registrations, which. topped fuel for a third consecutive month, according to the. European Vehicle Manufacturers Association (ACEA). WHY IT'S IMPORTANT European automakers are battling with weak need, high. production expenses, and handling the shift to EVs, while attempting to. ward off competition from China. BY...

Mineral Resources

Fiat owner Stellantis plans to boost production in Italy

Stellantis will keep all of its Italian factories open and increase output from 2026 thanks to the launch of brand-new designs, it stated on Tuesday, as part of a handle the federal government targeted at revitalising Italy's. automotive industry. For its part, Industry Minister Adolfo Urso vowed the. federal government would spend more than 1 billion euros ($ 1.1 billion). next year to support Italy's vehicle supply chain. Rome does not intend to invest the state money to subsidise. the purchase of cars and trucks in 2025, as it did this year. Urso was hosting a meeting with representatives of....

Mineral Resources

United States EPA says it has not made decision on California 2035 car waiver

The U.S. Environmental Defense Firm stated on Friday it has actually not made a decision yet on whether to approve California's landmark strategy to end the sale of gasolineonly vehicles by 2035. A senior California Air Resources Board official informed Reuters in October the state anticipates the EPA to grant a waiver under the Clean Air Act to California to implement its plan to require that a minimum of 80% of new cars and trucks offered be electrical by 2035 and up to 20% plug-in hybrid designs. California's rules have been embraced by 11 other states including New york city,...