Hints and tips:
...EU governments in recent weeks have been locked in negotiations on how to structure an EU-wide windfall tax and price cap on energy companies and the Netherlands is likely to set the level in line with that...
...Their key demand is that it “mak[es] use of the already existing structures and capabilities” of an existing naval mission — AGENOR — which the three countries participate in off the coast of Iran....
...“Our basic judgment is that supply is going to outstrip demand in the second half of the year,” he told ES....
...“The ability of the US to be the blunting force to Opec+ and Saudi Arabia, that it has been historically, has been massively reduced,” Hoff told ES....
...There were a few gimmicks, including a freeze in draught beer duty that is apparently only possible now Britain has left the EU....
...The EU has also proposed its own domestic thresholds for critical minerals....
...Elsewhere in the FT, my colleague Tom Wilson scored an interview with the new Shell CEO Wael Sawan (ES covered their investor day here)....
...As the head of Vox emerges for another rally, they erupt in chants of “Es-pan-ya!”....
...The caps, which set pump prices at about €1.20 a litre — the lowest level in the EU — prevented importers from making a profit....
...Lauren “Bubba” McDonald, a member of the Georgia Public Service Commission since the project was permitted, told ES: “I wouldn’t be surprised if there’s not a unit five and six somewhere down the road.”...
...To try to sharpen his “growth” message, Hunt will say he will focus on “Four Es” — enterprise, education, employment and everywhere”. The last is a reference to the government’s “levelling up” agenda....
...Most outside observers have little problem with the government’s “four Es”, but find its regularly announced new growth plans a distraction....
...Hunt used the speech to highlight the government’s “plan for growth”, and its focus on the “four Es” of enterprise, education, employment and everywhere — a reference to reducing regional inequalities....
...The European Commission, the EU’s executive arm, said it was “in close contact with the concerned member states and Ukraine on this matter”....
...I’m curious to hear what ES readers are seeing in the wake of the Silicon Valley Banking crisis and how you think it is going to play out across the energy landscape....
...And as we noted in ES earlier this week, even the G7’s price cap on Russian seaborne oil exports seems to be outperforming expectations....
...The company told ES it planned “to maintain a consistent and steady programme for 2023”....
...ahead of his March 15 Budget, Hunt hosed down talk of tax cuts and outlined his dream of turning Britain into “one of Europe’s most exciting, most innovative and most prosperous economies” via the four Es...
...Hungary’s biggest energy company is preparing its oil refineries to process non-Russian oil, a sign that Budapest may eventually come around to backing an EU embargo on Russian crude despite weeks of resistance...
...One recent visitor to Uis was Thierry Breton, the EU internal markets commissioner in charge of the bloc’s strategy for ensuring supplies of critical minerals....
...On Tuesday, I asked ES readers to weigh in on the big fusion breakthrough in a poll asking if we would have fusion power plants up and running by 2050. The results are in . . ....
...Chesapeake boss Nick Dell’Osso told ES that upstream players wanted to gain exposure to global pricing....
...In the UK in 2019, people from China made up only 5 per cent of non-EU visitors to the UK, according to VisitBritain, the country’s tourism board....
...Henry ManceAnd in terms of competence, this key law that sí es sí, yes is yes which is intended to really clamp down on sexual offences....
...Es wird Spaß machen!...
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