11 Feb Energy / Automotive newstrack, commentary and analysis |Oil prices Up
(Oilandgaspress) Oil prices continues to rise buoyed by escalating risk as U.S.–Iran talks remained tenuous, while draws of crude from key stockpiles suggested stronger demand possibly due to the weather.
| Oil and Gas Blends | Units | Oil Price | Change |
| Crude Oil (WTI) Oilprice | USD/bbl | $65.47 | Up |
| Crude Oil (Brent) | USD/bbl | $70.34 | Up |
| Bonny Light 06/02/26 CBN | USD/bbl | $71.25 | — |
| Dubai | USD/bbl | $68.10 | — |
| Natural Gas | USD/MMBtu | $3.00 | Down |
| Murban | USD/bbl | $70.34 | Up |
| OPEC basket 10/02/26 OPEC | USD/bbl | $67.86 | Up |
| At press time February 11, 2026 |
Egypt has directed international oil companies to double production by 2030, Energean International CEO Nicolas Katcharov told Reuters on Tuesday, saying existing contracts must be revised to spur new investment. Katcharov said the low gas prices that supported earlier development phases had “expired”, making it necessary to update terms to encourage companies to deploy capital and boost production at brownfield sites.He said Energean had been owed more than $200 million by Egypt and had recently received $80 million, adding that the company remained confident of pledges by the petroleum minister to clear remaining arrears. The petroleum ministry did not immediately respond to a request for comment. Related News
Long before OPEC existed, Texas faced a familiar problem: boom-and-bust cycles that wasted resources, destabilized markets, and harmed both producers and consumers. The Railroad Commission responded with disciplined, science-based regulation that balanced production, conserved resources, and stabilized markets. It worked so well that governments around the world tried to copy it. The difference is that Texas stayed grounded in markets, while OPEC evolved into a political cartel, one driven by geopolitics, state-owned oil companies, and supply manipulation rather than transparency or efficiency. That distinction matters for Venezuela.
Venezuela’s problem has never been geology. The Orinoco Belt holds staggering reserves, potentially the largest in the world. The problem is trust. Investors remember expropriation. Workers remember insecurity. Companies remember permits that took years instead of days. Capital does not flow into chaos. As energy analyst (and former World Oil Contributing Editor) David Blackmon has noted, rebuilding Venezuela’s oil sector requires a three-legged stool: credible investment terms, security for people and assets, and a regulatory system that actually functions. Remove any one of those legs, and the entire effort collapses.The world doesn’t need another OPEC. It needs more transparency, more competition, and markets that work. Related News
Siemens Energy has finalized the investment plans presented at its Capital Market Day in Charlotte (North Carolina) last November: The company is investing $1 billion to ramp-up manufacturing in the United States and will also significantly expand its workforce. The United States is experiencing an unparalleled surge in electricity demand. The country is rapidly expanding data centers, artificial intelligence infrastructure and next generation industrial electrification. Meeting this growth requires the accelerated deployment of modern, resilient grid infrastructure and a substantial increase in power generation capacity – ambitions to which Siemens Energy will make a significant contribution.
The program will include several brownfield expansions, increasing transformer production and servicing plus strengthening the manufacturing of large gas turbines on American soil. It also includes construction of a brand-new factory in Mississippi that will build essential grid components. With that approach, Siemens Energy is pursuing a strategy of targeted expansion to ensure the efficient use of manufacturing capacity to meet market demand.Siemens Energy will create more than 1,500 highly skilled roles in manufacturing, operations and engineering to help deliver more power to more people throughout the country. Related News
During the period from 2 to 6 February 2026, Eni acquired on the Euronext Milan no. 2,295,840 shares (equal to 0.07% of the share capital), at a weighted average price per share equal to 17.4228 euro, for a total consideration of 39,999,989.98 euro within the treasury shares program approved by the Shareholders’ Meeting on 14 May 2025, previously subject to disclosure in accordance with applicable legislation. Related News
Ferrari on Tuesday forecast at least a 6% rise in core earnings in 2026, supported by new models, and posted fourth‑quarter 2025 results that beat analyst expectations, lifting its share price by 8%. Ferrari said it expected earnings before interest, taxes, depreciation and amortisation (EBITDA) of over 2.93 billion euros ($3.49 billion) in the full-year 2026, versus a 2.77-billion-euro result in 2025, broadly in line with company forecasts.
Milan-listed shares rose as much as 10% after results were published. By 1255 GMT they were up 8.4%.
Ferrari said cash generation from industrial activities stood at more than 1.5 billion euros in 2025, up 50% year-on-year.
In the fourth quarter, adjusted EBITDA rose 9% to 700 million euros, topping a 668-million-euro analyst consensus from a Reuters poll. Net revenues grew 4% in the quarter, also exceeding analysts’ expectations. Related News
At this year’s The I.C.E. – The International Concours of Elegance, which brings the finest collector cars to the Swiss Alps – Ferrari offered clients and enthusiasts a remarkable experience, with Casa Ferrari hospitality in the heart of St. Moritz and a challenging Corso Pilota Classiche on ice.
Usually held at the Fiorano circuit, the course was relocated to the ice and featured some of the most beloved Ferraris of all time – from the 365 GTB4, known to many as the “Daytona”, to the 550 Maranello, as well as the Mondial 3.2 and the 308 GTB and GTS. Related News
Following October’s presentation at Maranello of the technological foundations of the upcoming model, Ferrari hosted an exclusive event in San Francisco to showcase key interface components, in collaboration with LoveFrom — the creative collective founded by Sir Jony Ive and designer Marc Newson, which has been working with Ferrari for five years across every dimension of the new car’s design. The design team behind the revolutionary new Ferrari also gave a detailed explanation of the philosophy underpinning their vision.
The three-stage unveiling of the first all-electric Ferrari will culminate in the full launch of the groundbreaking addition to the Prancing Horse range in May. In California the car’s keenly-awaited name was cleverly announced via the screening of the first episode of a documentary about its development, in which Ferrari Chairman John Elkann dramatically reveals the much-awaited appellation for the first time: the Ferrari Luce. Read More
The 2026 Coin Collection of the Italian Republic – issued by the Finance Ministry and minted by the Istituto Poligrafico e Zecca dello Stato – was presented at Palazzo delle Finanze, Rome. Among the most highly anticipated announcements, it was confirmed that the Zecca dello Stato would mint coins dedicated to Ferrari, its racing spirit, and the technology transfer of its six-cylinder hybrid engine.
A gold coin with the nominal value of €100 depicts the Ferrari 499P, the hypercar used in the Prancing Horse’s 2023 return to the highest global category of endurance racing, the FIA WEC. Issued in a limited edition of 499 units, the coin pays tribute to a car that has already made history by winning the 24 Hours of Le Mans for three consecutive years – as well as winning the Drivers’ and Manufacturers’ World Championship titles in 2025.
A silver triptych with a nominal value of €6 per coin was also presented. Available in a limited edition of 5,000 units, the coins tell the story of technology transfer between racing and road-going sports cars. At the heart of this close link between track and road is the V6 engine, used by all the Ferraris depicted on the coins: the 499P, the F80 supercar, and the 296 Speciale.
Ferrari’s hybrid V6 engine has been carried to success on the tracks of the FIA WEC courtesy of the 499P, demonstrating power, reliability and extraordinary efficiency. The technology on this twin-turbo, with its 120° architecture and 3 litre displacement – combined with an electric motor on the 499P – has since been transferred to production models, with the required layout changes, ensuring maximum performance and instant responsiveness, on the track and on the road. Related News
The Office of Nuclear Energy has selected five companies in the US to research and develop technologies to recycle spent nuclear reactor fuel and has awarded them a $19 million purse. The award is designed to help the US address economic and technological challenges in nuclear fuel recycling.The following companies were selected to help solve the economic and technological challenges associated with nuclear fuel recycling technologies that also meet the nation’s strict nonproliferation standards and national security goals:
Alpha Nur Inc. will research and validate a process that will recover highly enriched uranium (HEU) from used nuclear fuel produced by U.S. based research reactors and transform it to a usable high assay low enrichment uranium (HALEU) form for reuse in small modular reactor designs.
Curio Solutions, LLC will develop a process designed to produce uranium hexafluoride gas from used fuel.
Flibe Energy Inc. will study the use of electrochemical methods to process used nuclear fuel.
Oklo Inc. will study heavy element deposition in molten salt to optimize a pyro-processing plant design.
Shine Technologies, LLC will develop a process design that incorporates transport, storage, and disposal together with hydro-processing of used fuel.
The projects will last up to three years and require a minimum 20 percent cost share from each award recipient. Related News
The U.S. Department of Energy (DOE) renewed two emergency orders to further strengthen Puerto Rico’s electric grid as the island prepares for rising energy demand and the 2026 hurricane season. Building on actions taken in May, August, and November 2025, the renewed orders authorize the Puerto Rico Electric Power Authority (PREPA) to dispatch generation units essential for maintaining critical generation capacity, while accelerating vegetation management to reduce outages, strengthen long-term grid reliability, and minimize the cost of blackouts.DOE’s emergency actions have assisted the Puerto Rican government in restoring up to 820 MW of baseload generation capacity in Puerto Rico, resulting in an increase to the island’s systemwide generation capacity to 6,460 MW. Several plants were able to run without water injection during a water crisis, ensuring electricity kept flowing to Puerto Ricans despite unforeseen circumstances.
The orders also address vegetation management issues near high-voltage lines. Falling tree limbs or brush during Puerto Rico’s frequent storms and high winds can damage transmission lines, cause widespread outages and potentially cause wildfires. Related News
Terra Innovatum Global N.V. announced that it has secured all key components of its SOLOTM reactor unit, representing a major execution milestone and a key point of differentiation within the advanced-reactor sector. The Company has completed supply-chain alignment for both critical nuclear-grade and non-nuclear-grade components and systems, derisking manufacturing, construction timelines while ensuring future deployment readiness. All components have been aligned with vendors qualified to meet the strictest nuclear and industrial performance requirements.. Related News
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