13 Feb Energy news, commentary and analysis |Crude oil prices continues decline on U.S.-Iran escalation
(Oilandgaspress) OPEC+ reportedly is leaning towards resuming increases to oil output from April, three OPEC+ sources said, as the group prepares for peak summer demand and price strength is bolstered by tensions over U.S.-Iran relations. The resumption of production increases will allow OPEC leader Saudi Arabia and fellow member the UAE to regain market share at a time members such as Russia, Venezuela and Iran contend with Western sanctions and a series of setbacks restrain Kazakh output. Related News
The world has entered a period of wrecking-ball politics. Sweeping destruction – rather than careful reforms and policy corrections – is the order of the day. The most powerful of those who take the axe to existing rules and institutions is US President Donald Trump. For his supporters, Washington’s bulldozer politics promises to break institutional inertia and compel problem-solving on challenges marked by gridlock. We might see a world shaped by transactional deals rather than principled cooperation, private rather than public interests, and regions shaped by regional hegemons rather than universal norms. Ironically, this would be a world that privileges the rich and powerful, not those who have placed their hopes in wrecking-ball politics.
The US administration’s renunciation of core elements of the existing international order is impacting different regions of the world and disrupting various policy domains. The effects are particularly apparent in Europe and the Indo-Pacific, where governments have long relied on and hugely benefitted from “Pax Americana.” Likewise, few policy fields have felt the effects of Washington’s U-turn on existing institutions and rules more strongly than global trade and international development and humanitarian assistance. At a time when Russia is seemingly regaining tactical initiative along parts of the front with Ukraine and is intensifying its hybrid warfare campaign across Europe, Washington’s gradual retreat, wavering support for Ukraine, and threatening rhetoric on Greenland are heightening Europe’s sense of insecurity.
The Trump administration has rejected the Sustainable Development Goals (SDGs), denouncing them as “globalist endeavors.” And its budget cuts are already impacting people in many low- and middle-income countries. As nothing suggests that the gaps left will be fully filled by nontraditional donors, those still committed to solidarity with the most vulnerable have focused on reforms, trying to improve the efficiency and effectiveness of the development and humanitarian systems Since Trump’s return to office, Washington has openly dispensed with the rules of global trade it once helped create. Among others, it has imposed vast, non-WTO-compliant tariffs on nearly every country and has heavily deployed economic coercion to secure bilateral deals that benefit America first. Related News
DNO ASA announced that the Company’s shares will be traded ex-dividend effective 13 February 2026. A dividend payment of NOK 0.375 per share will be made on or about 25 February 2026 to all shareholders of record as of 16 February 2026. .Related News
President Donald Trump on Thursday revoked what he called a ‘giant scam’ Obama-era scientific ruling that has shaped US climate policy for more than a decade, saying scrapping it will make cars thousands of dollars cheaper. The move overturns the Environmental Protection Agency’s 2009 ‘endangerment finding’, which declared greenhouse gases a threat to public health and became the legal backbone for federal limits on vehicle emissions. The administration paired the repeal with the elimination of greenhouse gas standards on automobiles, arguing the changes would deliver more than $1 trillion in regulatory savings and significantly reduce the cost of new vehicles for American consumers. Related News
Sir Tony Blair’s think tank has called for Ed Miliband’s green energy strategy to be replaced with a drive for cheaper power. In a damning report, it argues that Labour was risking Britain’s place in the world by pursuing an expensive strategy of maximising wind and solar energy.
It says that ministers should ditch the windfall tax on oil and gas, drop the ban on North Sea exploration and focus on reducing prices. . Related News
Norwegian oil and gas investments are expected to decline this year and next as many field developments are completed while fewer new projects begin, a quarterly survey of the industry showed on Thursday.
Norway produces about 2% of global oil and meets about 30% of Europe’s gas needs, after becoming its largest pipeline gas supplier following Russia’s invasion of Ukraine in 2022.
The Nordic country’s biggest business sector expects to invest 255 billion Norwegian crowns ($27 billion) this year, down from a record 273 billion crowns in 2025, Statistics Norway said. . Related News
| Oil and Gas Blends | Units | Oil Price | Change |
| Crude Oil (WTI) Oilprice | USD/bbl | $62.82 | Down |
| Crude Oil (Brent) | USD/bbl | $67.55 | Down |
| Bonny Light 10/02/26 CBN | USD/bbl | $73.03 | — |
| Dubai | USD/bbl | $67.38 | — |
| Natural Gas | USD/MMBtu | $3.14 | Down |
| Murban | USD/bbl | $68.20 | Down |
| OPEC basket 12/02/26 OPEC | USD/bbl | $68.06 | Down |
| At press time February 13, 2026 |
London sellers are now the most likely in the country to get back less than they paid for their homes, according to Hamptons analysis of Land Registry sales prices, with just over one in seven Londoners taking a hit on the price when the time comes to sell. Buyers are cautious, price-sensitive and easily spooked, sales are slow and discounting rife. Unsold homes have started to pile up. According to Zoopla, there are now 14 per cent more available properties than there were a year ago. In parts of the capital, 15 per cent of the homes for sale have had a price cut. Related News
Global carmakers with large exposure to the U.S. market have booked some $55 billion in writedowns in the past year as they scale back electric vehicle ambitions on a tough U.S. market under President Donald Trump, price wars in China and a more complex mix of vehicle types in Europe.Global EV registrations, a proxy for sales, fell by 3% year-on-year to almost 1.2 million units in January, according to the data, which includes battery-electric and plug-in hybrid cars..Related News
Shares in trucking and logistics companies have plunged as the sector became the latest to be targeted by investors fearful that new artificial intelligence tools could slash demand.
A new tool launched by Algorhythm, a former maker of in-car karaoke systems turned AI company with a market capitalisation of just $6m (£4.4m), sparked a sell-off on Thursday that made the logistics industry the latest victim of AI jitters that have already rocked listed companies operating in the software and real estate sectors.The announcement about the performance capability of Algorhythm’s SemiCab platform, which it claimed was helping customers scale freight volumes by 300% to 400% without having to increase headcount, sparked an almost 30% surge in the company’s share price on Thursday Related News
Central Maine Power (CMP), an Avangrid company and part of the Iberdrola Group in the United States, partnered with Make-A-Wish Maine, a nonprofit organisation dedicated to granting wishes to children with serious illnesses, to surprise Khloe Drew, who was diagnosed with leukemia in 2024. The surprise? The trip of her dreams: a visit to Super Nintendo World.
What began as an ordinary school day for a seven-year-old girl turned into a magical moment she will remember forever. To share the news, CMP transformed its headquarters in Augusta into a real-life Super Nintendo universe. Every detail was designed with a single purpose: to make Khloe smile and fill her family with hope.. Read More
The WEO 2025 forecasts an extraordinary increase in electricity demand over the next decade, driven by sectors such as electric mobility, heating and air conditioning, and data centres, the latter linked to the surge in artificial intelligence.
Demand is expected to grow by 40% by 2035 under the Current Policies and Stated Policies scenarios and by more than 50% under the Net Zero Emissions scenario. In all cases, this increase will require major efforts to ensure a secure and reliable supply, as power outages resulting from an under-dimensioned system would have a severe impact on the economy and society. Related News
TMS Ship Finance and Trade Conference 2026 (SFTC) 2026 concluded successfully on 9 February at Grosvenor House, Dubai, following a full day of high-level discussions held under the theme “Ship Finance – helping the industry navigate through increasingly uncertain waters”. The event attracted overwhelming participation from across the global maritime, finance and trade sectors, reflecting strong industry engagement with the challenges of market volatility, evolving financing models and the transition towards lower-carbon shipping. The conference was opened with a welcome address by Nawal Al Maghafi, Senior Broadcast Journalist, BBC, who set the context for the day’s discussions on resilience, regulation and the changing landscape of ship finance.
SFTC 2026 brought together shipowners, financiers, regulators, registries, technology providers and service companies to examine how capital allocation, risk management and financial innovation must evolve to support fleet renewal and decarbonisation, including the growing role of alternative capital and sustainability-linked finance in meeting IMO and regional regulatory requirements. Participants noted that rising compliance costs and technological uncertainty are reshaping investment priorities and affecting newbuild and fleet renewal decisions. Related News
Hydro’s geographic diversification and integrated value chain strengthens the resilience in navigating these challenges. Throughout 2025, Hydro implemented measures to increase agility and accelerate growth to achieve the strategic goals for 2030. Aluminium is classified as a critical raw material by EU, the U.S., and NATO, and Hydro’s low-carbon aluminium is therefore well positioned to play a key role in the green transition and the growing need for critical materials in the years ahead.
“We know that what we produce, where we produce it and how we produce it is more important than ever,” says Eivind Kallevik, President and CEO of Hydro, in his Letter to Stakeholders in the Integrated Annual Report 2025.
Adjusted EBITDA for 2025 was NOK 28.9 billion, up from NOK 26,3 billion in 2024. The adjusted RoaCE was 10.2 percent, slightly above the target of 10 percent over the cycle. These results reflect the company’s resilience in a challenging market environment. To enhance agility, several capital discipline measures were implemented in 2025, including a strategic workforce reduction in white collar positions and a proposed restructuring process in Hydro Extrusions. In addition, the improvement program launched in late 2024 has delivered NOK 1.4 billion in improvements and the capex guiding was reduced during the year.
Improved earnings allow for competitive shareholder returns. Since 2021, Hydro has distributed NOK 37.6 billion to shareholders, with a proposal to pay out another NOK 5.9 billion for 2025, representing 60 percent of adjusted net income. Related News
Orrön Energy AB announced that closing has occurred, and a milestone has been achieved, for one of the three solar projects forming part of the portfolio transaction announced in December 2025, triggering payments totalling MEUR 1.6.
The project is being developed with an estimated installed capacity of 93 MW and form part of the agreement to sell a portfolio of three Agri-PV projects in Germany with a combined capacity of 234 MW announced in December 2025. Closing for the first project occurred in the beginning of 2026. Shortly thereafter, the first development milestone was achieved through a positive municipality decision, leading to a payment totalling MEUR 1.6, representing 30 percent of the consideration for this project.
The total consideration for the 234 MW portfolio sale amounts to up to MEUR 14 and is subject to fulfilment of development milestones up to the ready-to-build stage, including reimbursement of development expenditure. Under the milestone-based structure, 40 percent of the consideration is due to be received by the ready-to-permit milestone, with the remaining 60 percent upon achievement of the ready-to-build milestone.
The two remaining projects that form part of the portfolio transaction are progressing towards fulfilment of the closing conditions covering positive grid indication and land secured. The projects are expected to reach the ready-to-permit stage in 2026 and the ready-to-build stage in 2027, subject to favourable permit approvals and grid reservations. Orrön Energy will continue developing the projects up until the ready-to-build stage. Related News
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