It was a session of two halves for oil yesterday with prices initially weaker on the back of China’s retaliatory tariffs against the US. However, a tougher US stance on Iran saw the market claw back these losses later in the session.
U.S. markets close higher as optimism grows over potential U.S.-China trade breakthrough. Trump delays tariffs, Palantir surges 24%, Fed warns of inflation risks, and job openings miss expectations.
While Southeast Asia shares most of the energy problems of the rest of the world, it seems that this region is somewhat better placed to handle the energy shortfalls that lie ahead than many other regions.
A fresh wave of market turmoil hit global equities on Monday as President Donald Trump signed executive orders imposing new tariffs: 25% on imports from Mexico and Canada and 10% on imports from China. The tariffs, set to take effect Tuesday, Feb. 4, include a 10% carve-out for Canadian gas, power, and minerals.
U.S. markets closed lower due to new tariffs, U.S. personal income and spending increased, and most S&P 500 sectors declined. Japan's Nikkei and Australia's S&P/ASX 200 also fell, while U.S. futures and the dollar strengthened.
Natural gas on the Nymex had a negative week before closing 10% lower than the previous one at $3.07. EIA reported on Thursday a bullish, nonetheless, draw of 321 Bcf in working underground stocks for the week ended January 24.
A recent emergency energy declaration has highlighted significant investment opportunities in energy infrastructure, particularly in response to the growing demands of AI data centers.
