AMERICAS OIL: New Trump Energy, Environment Chiefs Vow to Promote Oil and Gas
Feb-07 15:28
New Trump Energy, Environment Chiefs Vow to Promote Oil and Gas: Oil & Gas Journal
- The new secretaries of the US Energy and Interior departments and the administrator of the EPA vowed to achieve President Trump’s vision for “American energy dominance” by prioritizing most energy sources, slashing regulations, approving LNG permits, streamlining and fast-tracking permitting, cutting GHG regulations, and allowing greater access to develop oil and gas on federal lands and waters.
- New Department of Energy (DOE) chief Chris Wright, former Liberty Energy president, promised to boost energy production, rather than seek to lower greenhouse gas emissions, he said in a statement Thursday.
- “Net-zero [carbon future] policies raise energy costs for American families and businesses, threaten the reliability of our energy system, and undermine our energy and national security,” he said, adding that the policies have also achieved "precious little in reducing global greenhouse gas emissions.”
- DOE will “return to regular order” on issuing LNG permits after the Biden administration paused any new LNG export authorizations Wright said. DOE has already resumed consideration of pending LNG export applications, he noted.
- New Interior Secretary Doug Burgum issued six executive orders on Monday designed to execute Trump’s energy vision by maximizing domestic energy production and making it faster and easier for companies to drill on federal lands. The former North Dakota governor’s orders detail how the Interior Department (DOI) intends to enact Trump’s day-one executive orders.
Want to read more?
Find more articles and bullets on these widgets:
Historical bullets
STIR: SOFR Calls Interest Picks Up
Jan-08 15:26
Upside call structure volume picked up following dovish Fed Gov Waller opinions on rate cuts and tariffs this morning, underlying futures trading moderately higher (Reds-Greens: SFRZ5-SFRU7 +0.030-0.050).
- +5,000 SFRM5 96.00/96.25 call spds 6.0 ref 95.93
- +4,00 SFRM5 96.00/96.12 call spds 3.5 ref 95.925
- +16,000 SFRU5 95.87 put vs. -8,000 2QU5/3QU5 95.87 put strip, 34.5-35 net
- -3,000 SFRU5/SFRZ5 96.50/97.00 call spd spd 2.75 net
- +10,000 SFRH5 95.81 puts 8.5 ref 95.805
- +5,000 0QM5 95.50/95.62 put spds 3.5 vs. 95.99/0.06%
EUROZONE: ECB Sees Less Positive NGEU Impact On Potential Growth
Jan-08 15:24
Updated estimates on the impact of the EU’s NextGenerationEU programme “indicate a smaller impact on potential output over the period 2020 to 2030 than estimated in 2022”, the European Central Bank said in a paper on its Economic Bulletin.
- The estimated impact on eurozone potential output by 2024 is only 0.2% --rather than the expected 0.5%-- and the long-term impact of 1.3% is expected to materialise in 2033 instead of in 2030.
- "The smaller expected impact on potential growth also reflects the fact that the previously anticipated effects of investments hardly materialised in 2022-2023, with 2024 being a transition year. From 2025 onwards, a pick-up in the impact on potential growth is expected as structural reforms start having an effect on potential growth. In the most recent update, however, this impact is also estimated to be slower. Overall, the lower and delayed impact stemming from investments and the lower impact coming from structural reforms leads to a smaller impact on the near-term potential growth profile than in the initial estimates."
BUNDS: Best traded Volumes since Mid December in Bund to start 2025
Jan-08 15:11
- No surprises in seeing a decent start of the Year in Bund and EGB's given the Busy Week on the Data front and heavy supply.
- Risks Events and Trump have also provided further liquidity.
- This Week's volumes in Bund have been the best since the 12th December, and the contract has only seen 4 sessions for the December Expiry with higher volumes, but we still haven't had the US NFP on Friday yet.
