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Oil prices likely to remain volatile as investors focus on Trump-Putin meeting in Alaska
Oil prices likely to remain volatile as investors focus on Trump-Putin meeting in Alaska

Mint

timea day ago

  • Business
  • Mint

Oil prices likely to remain volatile as investors focus on Trump-Putin meeting in Alaska

US President Donald Trump and Russian President Vladimir Putin are set to meet near Anchorage, Alaska, on Friday, 15 August 2025. Much will be in line as the oil markets are likely to experience a swing depending on the outcome of the discussions, reported the news portal Fortune. According to the agency report citing market analysts, irrespective of the outcome of the US-Russia talk, the event will create winners and losers in the energy sector. If the results of the talk are towards peace, that would mean lower fuel prices, which may even lead to a bearish oil sector for the upcoming months and years. On the other hand, in case the sanctions over Russian oil is hardened or increased, then the oil prices will rise giving new energy to the oil sector, the analyst told the news portal. 'I don't think there's a big wall of oil coming from Russia if peace breaks out,' Dan Pickering, founder and chief investment officer for Pickering Energy Partners consulting and research firm told the news portal. 'My expectation is there's a more significant impact on sentiment—'Here come the Russians'—than there would be on actual barrels,' he said. As of 4:46 p.m. (BST), Brent Crude's continuous contract was trading 0.78% lower at $66.32 per barrel (bbl), compared to $66.84 per barrel, MarketWatch data shows. While, the Crude Oil WTI Futures for the September 2025 contract were also down 1.19% at $63.19/bbl, compared to $63.96/bbl, according to According to the news report citing U.S. Department of Energy (DOE) data, Russia has produced 9.05 million barrels of crude oil per day in the April-June quarter of 2025. Commodity market analysts are expecting a 200,000 barrels rise daily in the short-to-medium term. enough to fuel an uptick but not a sustainable rise in the oil sector. 'In a bullish market, the market probably shrugs it off. In a bearish market, every supply-related data point gets a little more weight than it probably should,' said Dan Pickering, according to the news portal's report. 'There's a bigger risk to sentiment than to the actual supply of oil.' Russia is the third-largest oil producer in the world after US and Saudi Arabia. These three nations together account for 40% of the globe's crude oil daily supplies. Mint reported earlier, that Russian President Vladimir Putin and US President Donald Trump are set to hold key 'one-on-one' talks at their landmark summit in Alaska on Friday, 15 August 2025. As per the announcement, the national leaders will meet at a US airbase outside of Anchorage in Alaska, United States, after which both will give a joint press conference where they will 'summarise the results of the negotiations' between Russia and the US. Putin's visit will be the first since the attack on Ukraine in February 2022. However, in a recent interaction with the media, US President Donald Trump disclosed that he will not negotiate on behalf of Ukraine in the "HIGH STAKES" meeting on Friday. "They'll be discussed, but I've got to let Ukraine make that decision, and I think they'll make a proper decision. But I'm not here to negotiate for Ukraine, I'm here to get them at a table," Trump told reporters on-board Airforce One. The meeting is scheduled to start around 11:00 local time in Alaska which marks 12:30 a.m. (IST) on Saturday, 16 July 2025. According to multiple media reports, the Trump-Putin talk can be over multiple issues involving Ukraine crisis, broader issues like international peace and security, among several other things. US President's trusted advisors including JD Vance, Marco Rubio, and Pete Hegseth will be among others who are set to attend the high level meeting in Alaska. From the Russian delegation, Sergei Lavrov (foreign minister), Yuri Ushakov (Kremlin's foreign policy advisor), Andrei Belousov (defence minister), Anton Siluanov (finance minister), Kirill Dmitriev (Russian Direct Investment Fund chief) will attend the meeting in Alaska.

Pickering Energy Partners Advises Heliogen, Inc. in Merger with Zeo Energy Corp.
Pickering Energy Partners Advises Heliogen, Inc. in Merger with Zeo Energy Corp.

Business Wire

time4 days ago

  • Business
  • Business Wire

Pickering Energy Partners Advises Heliogen, Inc. in Merger with Zeo Energy Corp.

HOUSTON--(BUSINESS WIRE)--Pickering Energy Partners (PEP) served as financial advisor to Heliogen, Inc. in its announced merger with Zeo Energy Corp. (Nasdaq: ZEO) which closed on August 8, 2025. This transaction creates a clean energy platform spanning residential, commercial, and utility end markets. "The merged platform delivers innovative energy storage and solar solutions at scale. We are proud to have advised Heliogen's Board and play a role in shaping a stronger, more competitive clean energy company, " said PEP CIO Dan Pickering. Share The merger unites Zeo's established residential solar and storage footprint with Heliogen's long-duration energy storage expertise. The combined company is expected to deliver operational synergies by streamlining costs while retaining technical and commercial talent, while also strengthening its financial position and enhancing financing capabilities. Following the announcement, Zeo shares surged more than 115% from the previous day's close. 'This transaction represents a significant milestone in the evolution of clean energy solutions,' said Dan Pickering, Chief Investment Officer of Pickering Energy Partners. 'By bringing together complementary capabilities from Zeo and Heliogen, the merged platform is well-positioned to deliver innovative energy storage and solar solutions at scale. We are proud to have advised Heliogen's Board throughout this process and to have played a role in shaping a stronger, more competitive clean energy company.' Background on the Transaction Heliogen is a concentrated solar power (CSP) and long-duration energy storage technology provider that went public through a SPAC in 2022. The transaction represents the culmination of Heliogen's comprehensive strategic alternatives process. Pickering Energy Partners' Role PEP was engaged in 2024 to conduct a strategic review for Heliogen, reaching out to an extended number of strategic and financial institutions. Several offers were received by late March 2025. PEP assisted Heliogen's Board in selecting the winning bidder, negotiating the transaction (announced May 29, 2025), and supporting S-4 filings and other requirements for closing a public company deal. PEP also provided a Fairness Opinion to Heliogen's Board of Directors. About Pickering Energy Partners Pickering Energy Partners is an energy-focused financial services platform. Our expertise spans decades across the entire energy landscape. We've deployed over $16 billion across all energy sub-sectors. We are, at our core, trusted energy advisors, investors, and partners alongside our clients. Headquartered in Houston, Texas, PEP delivers an experienced, opportunistic team that aims to provide guidance and long-term value for clients while having a positive impact on the companies and communities that PEP invests in. For more information, please visit Pickering Energy Partners LP ('PEP') is an SEC Registered Investment Advisor. Affiliated PEP Advisory LLC ('PEP BD') is a registered broker-dealer, member FINRA/SIPC.

What the Iran/Israel conflict means for U.S. energy prices going forward
What the Iran/Israel conflict means for U.S. energy prices going forward

Yahoo

time18-06-2025

  • Business
  • Yahoo

What the Iran/Israel conflict means for U.S. energy prices going forward

Crude oil prices, maybe surprisingly, dipped modestly on Monday after spiking at the end of last week, even as Iran and Israel continue firing missiles at each other with no easy end in sight. The U.S. oil benchmark hovered around $71 per barrel on June 16—about where it started the year—but up roughly 9% from a week prior. The current price tag is considered a relatively healthy value—profitable for most oil producers without creating particularly high fuel prices. So, even though Israel successfully targeted some of Iran's oil and gas infrastructure over the weekend, oil markets have stayed relatively calm, and Iran, which is not in a position of strength, is reportedly signaling its interest in returning to nuclear negotiations with the U.S. Why? Here are four takeaways: Israel struck Iran's South Pars gas field, the Shahran fuel depot, and the Shahr Rey oil refinery, but all of these targets are for domestic fuel and power consumption, and not global exports. That contributed to a run on fuel and potential shortages within Iran, but it has much less impact on global oil markets and Iran's roughly 1.5 million barrels per day of crude oil exports. 'Everybody is taking a hands-off approach to oil [exporting] infrastructure because it meaningfully complicates and escalates the situation,' said energy forecaster Dan Pickering, founder and chief and investment officer for Pickering Energy Partners consulting and research firm. 'Israel doesn't want to do that, and I don't think Iran does either.' On the other hand, Pickering told Fortune. 'You're one stray bomb away from a problem. If you get to a point where people stop acting rationally, things get crazy quickly.' That's why the range of outcomes is vast from $55 per barrel oil if things calm down—a low price that hurts the bottom lines of oil producers—up to $120 or so if war escalates and overall OPEC production is impacted, Pickering said. Iran sits next to the Strait of Hormuz, and the exports through that relatively narrow body of water account for about 20 million barrels daily, or one-fifth of global consumption. Impacting those flows changes everything. To be clear, oil at or above $120 per barrel is bad for almost everyone because skyrocketing fuel costs would trigger widespread demand destruction around the world. The so-called OPEC+ group increased their monthly quotas, essentially aiming to grow production by more than 2 million barrels daily by the end of the year, and undoing years of self-imposed curtailments. While the decision didn't necessarily anticipate a conflict in Iran, the OPEC's move did give President Trump more leverage in the U.S. nuclear negotiations with Iran. 'If anything in this situation could be called elegant, it is a relatively elegant set up when dealing with the risk of problems in the Middle East,' Pickering said of OPEC's moves. 'It looks like the return of production pretty closely mirrors Iran's exports, and so it was probably more geared toward a reduction of exports [through sanctions] as opposed to a conflict.' Kathleen Brooks, research director the the XTB brokerage house, highlighted how Trump wants to keep oil and fuel prices low, and that the White House could actually have a 'calming effect' on markets. 'Instead, we think that U.S. involvement could see the [Israeli] attacks on Iran narrow to nuclear sites, after Israel said that it gathered intelligence that Iran had enough uranium to make nine atomic bombs,' Brooks added. However, the math is changed with any prolonged war. 'With Israel and Iran trading attacks, oil prices have surged to multi-month highs—setting the stage for additional price hikes at gas pumps across the country,' said Patrick De Haan, head of petroleum analysis at GasBuddy. 'As long as tensions in the Middle East continue to escalate, the risk of further impacts on oil prices remains high.' De Haan projects fuel prices could rise by 10 to 20 cents per gallon moving forward. 'Motorists should prepare for what will likely be modest price increases—for now—but the situation has the potential to worsen at any moment.' Thus far, the national average price of gasoline has risen 1.1 cents per gallon in the last week, averaging $3.08 per gallon as of the morning of June 16, according to GasBuddy. However, the national average is down 9.5 cents from a month ago and 32.7 cents lower than a year ago. As Pickering said, '[Iran] is on the naughty list, but their sanctions haven't been particularly aggressively applied because the world is so focused on oil prices and the impact on inflation and economies. The developed world has decided that cheap gasoline prices are better than truly punishing bad actors.' U.S. oil drillers were showing restraint and capital discipline—and not the 'drill, baby, drill' mentality—last year even when prices were a bit higher than today. 'The volatility is dramatic, OPEC is adding supply, and it's not a given that Iran is going to reduce supply,' Pickering said. 'So, why step up and spend capital speculatively when we could wake up in a month and oil is back to $55?' So, how should everything in the Middle East be viewed from the energy perspective? 'This is a conflict that could have meaningful impacts, so people should be paying attention,' Pickering concluded. 'Right now, it looks like an inconvenience with a potentially temporary price spike. It could become much worse, so pay attention and cross your fingers it doesn't escalate.' This story was originally featured on Sign in to access your portfolio

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