logo
Energy Bosses Shrug Off DeepSeek to Focus on Powering AI Boom

Energy Bosses Shrug Off DeepSeek to Focus on Powering AI Boom

Bloomberg13-03-2025

While tariffs and macroeconomic concerns weighed on the outlook for oil at a major energy conference in Houston this week, the mood around artificial intelligence and its sky-high power needs could scarcely be different.
For a second year, energy executives at the CERAWeek by S&P Global gathering hailed the looming data center requirements for AI as both a huge challenge and a once-in-a-generation opportunity.

Orange background

Try Our AI Features

Explore what Daily8 AI can do for you:

Comments

No comments yet...

Related Articles

Rapidan Energy Group Expands Team with Addition of Three Industry Veterans
Rapidan Energy Group Expands Team with Addition of Three Industry Veterans

Yahoo

time8 hours ago

  • Yahoo

Rapidan Energy Group Expands Team with Addition of Three Industry Veterans

WASHINGTON, June 11, 2025 /PRNewswire/ -- Rapidan Energy Group is proud to announce the addition of Richard W. Powers, Bryson L. Rexwinkle, and Kenya Schott to its team. These new hires reflect the firm's continued growth and commitment to delivering forward-looking energy market, policy, and geopolitical data and research to clients worldwide. Richard W. Powers, joining Rapidan in New York City as Vice President of Business Development, brings over three decades of international financial and data services sales experience, most recently as a Senior Sales Executive at S&P Global. A former top producer and Sales Excellence Award winner, Richard pioneered the sale of maritime trade data as alternative data to hedge funds and closed several multimillion-dollar deals with major banks. Prior to S&P Global, he had an impressive 20-year tenure at Bloomberg LP, where he led major institutional accounts, launched innovative financial solutions, and mentored sales teams across the U.S., Australia, and New Zealand. Richard holds a Bachelor of Science in Business Administration from The Ohio State University. Bryson L. Rexwinkle joins Rapidan in Houston as Vice President of Business Development and brings deep experience in the energy sector, having previously served as Sales Manager for New Business at Energy Aspects. Bryson has a proven track record of developing and growing client relationships across North America, from traders to C-suite executives. His background includes business development roles at Hart Energy and a successful entrepreneurial venture as a licensed home inspector. Bryson holds dual bachelor's degrees in Business Administration and Communication Studies from the University of Kansas. Kenya Schott joins Rapidan as an Energy Analyst, bringing a strong background in energy economics and market research. She previously held analyst roles at the U.S. Energy Information Administration, where she focused on natural gas, LNG, and upstream energy trends, and at the Federal Reserve Bank of Dallas, where she authored market insights and contributed to oil, gas and renewables analysis. Kenya holds a Master's in Economics from Southern Methodist University and a Bachelor's from Whitman College. "We're thrilled to welcome Richard, Bryson and Kenya to Rapidan," said Bob McNally, Founder and President of Rapidan Energy Group. "Their experience and insight will be instrumental in expanding our reach and delivering value to our clients at a time of unprecedented complexity in global energy markets, policy, and geopolitics." About Rapidan Energy Group Rapidan Energy Group provides differentiated and actionable insights on energy markets, policy, and geopolitics. We help leading corporations and financial firms identify opportunities and manage risks in the global energy industry and markets. For more information, please visit For more information on Rapidan's subscription and bespoke research services, please contact us at insight@ Media Contact: View original content to download multimedia: SOURCE Rapidan Energy Group Error in retrieving data Sign in to access your portfolio Error in retrieving data Error in retrieving data Error in retrieving data Error in retrieving data

Falling Australian Iron Ore Quality Sparks Grade Benchmark Tweak
Falling Australian Iron Ore Quality Sparks Grade Benchmark Tweak

Bloomberg

time19 hours ago

  • Bloomberg

Falling Australian Iron Ore Quality Sparks Grade Benchmark Tweak

The iron ore industry's key pricing benchmark for seaborne cargoes will be lowered as the quality of supplies from biggest exporter Australia worsens. Platts, part of S&P Global Commodity Insights, will in January change its IODEX iron ore benchmark to 61% iron content from the current 62%, according to a notice to members on Tuesday. It also plans to update its 62.5% China iron ore spot lump premium benchmark to 62%.

Colleges Big And Small Issue Bonds Amid Political Chaos And Trump's Higher Ed Assault
Colleges Big And Small Issue Bonds Amid Political Chaos And Trump's Higher Ed Assault

Forbes

timea day ago

  • Forbes

Colleges Big And Small Issue Bonds Amid Political Chaos And Trump's Higher Ed Assault

Harvard University has issued $1.18 billion in bonds so far in 2025. As the Trump administration wages its war on American colleges, schools are shoring up liquidity and taking on new debt while they wade through financial uncertainty. Debt issuance—tax-exempt and taxable—has increased this spring, says Jennifer Johnston, a senior vice president and director of municipal bonds research research at Franklin Templeton. '2024 was a record issuance year and we are currently going to outpace that if this trend keeps up,' she says. 'Last week we saw what was the second largest week of issuance, and it's all coming at a time, [summer], where issuance usually slows.' According to data from investment firm Janney Montgomery Scott, 99 colleges and universities have issued $20.8 billion in public debt so far this year, up from $17 billion by 71 institutions at the same time last year. The elite, name-brand schools—which have borne the brunt of Trump's attacks on higher education revenue, especially to research dollars—are beefing up their liquidity while they can, explains Jessica Wood, a senior director at ratings agency S&P Global. Despite its $50-plus billion endowment Harvard, Trump's current favorite target, has issued bonds twice this year, totaling $1.18 billion. Other 'wealthy' top schools, MIT, Northwestern, Princeton, Stanford and Yale have also issued new debt this spring. The group as a whole, which have endowments totaling $152 billion, or more than $2.1 million on average per student, have issued no less than $3.45 billion in both tax exempt and taxable municipal bonds. 'We are seeing a lot of higher education institutions issuing taxable debt, which gives a borrower more flexibility in terms of what they're going to use the proceeds for,' says Johnston. 'We've seen a lot of the Ivies issuing debt for cash purposes to sock away for the future.' But smaller colleges are also entering the bond market, worried about market uncertainty and potential limitations on access to tax-exempt debt. While it wasn't included in the final version of the House of Representatives' 'big, beautiful bill,' there have been efforts by Congress to change the tax law to rid individual colleges of their tax-exempt status or make it harder for schools to access tax-exempt municipal bonds. Schools are also issuing debt they had planned for the fall in an effort to get ahead of any federal policy changes. 'They're not pinched in terms of liquidity, but they're trying to keep options open,' Wood says of the smaller schools. 'So some capital projects that they might have funded from their own reserves, if they have a little bit of debt capacity right now, they're exploring that as an option.' Dozens of colleges sold or will sell bonds this month. Among them are Holy Family University in Philadelphia, which issued $13.7 million in tax-exempt bonds last week to finance capital projects, including the construction of a new welcome center and field house, and renovations to the nursing building. The Catholic University of America in Washington D.C. issued $111 million in bonds to refinance existing debt and pay for capital projects, including facilities upgrades. Suffolk University in Massachusetts issued $110 million in tax-exempt bonds, some of which will fund a $42.5 million total renovation of the humanities building. In Kansas, Washburn University issued $25.3 million in bonds for facilities upgrades and debt refinancing. Despite the myriad political attacks, S&P remains confident in top schools. The outlook for small, tuition-dependent colleges is more tenuous. 'We have a bifurcated outlook on the sector for the year,' Wood says. 'What it means is that we're negative for less selective, less flexible, lower rated institutions that tend to be more regional, but we remain stable for the higher end of institutions.'

DOWNLOAD THE APP

Get Started Now: Download the App

Ready to dive into the world of global news and events? Download our app today from your preferred app store and start exploring.
app-storeplay-store