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Posts by Jamie Smyth

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Data centre hopeful Fermi’s shares plunge as top executives quit Company co-founded by former Trump energy secretary beset by setbacks including loss of $150mn Amazon investment

Data centre hopeful Fermi’s shares plunge as executives quit, raising questions over future of 'Donald J Trump Advanced Energy and Intelligence Campus' in Texas @financialtimes.com as.ft.com/r/a00c6414-b...

2 days ago 17 4 0 1
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US oil bosses warn Donald Trump to block Iran’s Strait of Hormuz toll Executives step up lobbying to convince White House that Tehran controlling the strategic waterway sets dangerous precedent

US oil bosses warn Donald Trump to block Iran’s Strait of Hormuz toll, saying it could set a dangerous precedent that other countries could exploit as.ft.com/r/7592156f-0...

6 days ago 48 21 5 5
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Oil prices soar above $100 per barrel as hope fades of end to Iran war [FREE TO READ] Crude had stabilised on optimism that a deal could be reached to reopen the Strait of Hormuz

Oil prices surged above $100 a barrel on Sunday following the breakdown of US-Iran talks and plans by Donald Trump to blockade the Strait of Hormuz @financialtimes.com as.ft.com/r/d67bb58d-a...

1 week ago 5 0 1 0
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US oil exports to hit record this month as Iran war triggers race for supplies, with an "Asian armada" of 68 tankers on route to pick up cargos as.ft.com/r/b67e774e-1...

1 week ago 31 8 2 6

US oil exports to hit record this month as Iran war triggers race for supplies, with an "Asian armada" of 68 tankers on route to pick up cargos as.ft.com/r/8e402599-8...

1 week ago 0 0 0 0
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Exxon warns of $6.5bn hit from Iran war as hedging timing masks gains [FREE TO READ] US oil group says bulk of impact on first-quarter earnings is accounting issue that will be offset as contracts complete

Exxon warns of $6.5bn hit from Iran war as hedging timing masks gains from surging oil + gas prices @financialtimes.com as.ft.com/r/0517636b-d...

2 weeks ago 17 7 2 1
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Americans take to the streets in ‘No Kings’ day protests against Donald Trump [FREE TO READ] Latest series of marches comes against backdrop of president’s unpopular war in Iran

Americans take to streets in ‘No Kings’ protests against Donald Trump, as the US war against Iran drives what organisers say is the largest protest day in US history @financialtimes.com as.ft.com/r/e829f39e-e...

3 weeks ago 3 1 0 0
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Donald Trump’s policy swings are creating instability, energy chiefs say [FREE TO READ] Industry that benefited from president’s cuts to regulation and green policy is wary of unpredictability

One of Texas’s largest energy companies NRG has slammed Donald Trump for inconsistent decision-making and warned the world faces recession in three months @financialtimes.com as.ft.com/r/6a4e317e-3...

3 weeks ago 2 3 0 1
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Canada and Norway move to capitalise on Iran war oil price surge [FREE TO READ] Nations position themselves as reliable suppliers in a ‘desperate’ world

Canada and Norway move to capitalise on Iran war oil price surge, aiming to greenlight new projects and boost production @financialtimes.com as.ft.com/r/0bcb0342-2...

4 weeks ago 2 1 0 1
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Canada’s oil producers in line for C$90bn windfall from Iran war [FREE TO READ] Rising crude price will boost export revenue as Mark Carney seeks to counter Donald Trump’s trade wars

Canada’s oil producers in line for C$90bn windfall from Iran war, as they press PM @mark-carney.bsky.social to help them build more more pipelines to boost sales to Asia @financialtimes.com as.ft.com/r/86e97d0c-f...

1 month ago 1 1 0 1
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Trump administration says it is not considering oil export ban as prices surge [FREE TO READ] Industry worries that ‘panic’ actions by the White House could backfire on plans to increase drilling

Trump administration says it is not considering oil export ban, as fuel prices surge and industry warns White House not to panic and take drastic actions as.ft.com/r/58536414-9... @financialtimes.com

1 month ago 0 0 0 0
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US oil groups in line for $63bn windfall from Gulf disruption [FREE TO READ] American producers stand to be among biggest beneficiaries if crude prices average $100 a barrel this year

US oil companies stand to receive a windfall of more than $60bn this year if crude prices maintain the levels they have hit since the start of the Iran war. as.ft.com/r/21e4cec8-6...

1 month ago 29 28 1 3
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Global economy grapples with blockage of Strait of Hormuz - ABC listen Iran's new Supreme Leader, Ayatollah Mojtaba Khamenei says the Strait of Hormuz will remain blocked as long as the war with the US and Israel continues. Oil prices have climbed higher again, as the s...

Oil has hit US$100 again as Iran war-related supply shocks continue. On ABC Radio National Breakfast this morning, Sally Sara spoke to @jamiesmythft.bsky.social, the US Energy Editor for the Financial Times. www.abc.net.au/listen/progr...

1 month ago 2 3 0 0
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US intervention in oil futures would be ‘biblical disaster’, CME warns [FREE TO READ] Terry Duffy says any attempt by the government to lower prices using derivatives market would erode confidence

US intervention in oil futures would be a ‘biblical disaster’, CME chief Terry Duffy warns, amid speculation the Trump administration was considering the option as.ft.com/r/8cde746a-4... @financialtimes.com

1 month ago 3 2 1 0
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Middle East energy shock revives interest in nuclear power [FREE TO READ] Surging prices from reliance on gas-fired generation is prompting reconsideration of prior opposition

Middle East energy shock revives interest in nuclear power, as one of world's biggest uranium enrichment companies reveals a record $21bn order book @financialtimes.com as.ft.com/r/f10b648c-a...

1 month ago 23 4 2 2
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Soaring fuel prices expected to cast long shadow across US economy [FREE TO READ] Industries from farming to airlines face long-term higher costs and will raise customer prices in response

Soaring fuel prices to cast long shadow across US economy, as EIA forecasts petrol and diesel prices will remain above pre-war levels till mid-2027 at earliest as.ft.com/r/5a26e993-5... @financialtimes.com

1 month ago 2 0 0 0
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ExxonMobil joins corporate migration to Texas amid investor activism battle [FREE TO READ] Oil supermajor expects to benefit from more ‘reasonable, productive decisions’ in Lone Star state

ExxonMobil joins corporate migration to pro-business Texas amid battle over shareholder rights litigation @sindap.bsky.social as.ft.com/r/dc6f9202-d...

1 month ago 0 0 0 0
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Oil surges past $100 a barrel for the first time in four years [FREE TO READ] Traders are betting a widening conflict in the Middle East will lead to a weeks-long disruption in supply

Oil surges past $100 a barrel for the first time since the aftermath of Russia's invasion of Ukraine. Experts warn closure of Strait of Hormuz is now the worst oil crisis in History @financialtimes.com as.ft.com/r/d74f2265-3...

1 month ago 7 5 0 0
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US shale bosses warn they cannot replace war-hit Middle East oil [FREE TO READ] New production from Texas will take months as drillers use windfall from price rise to pay investors

US shale companies will reap a financial windfall from the oil price shock caused by the US-Iran conflict. But they cannot replace Middle Eastern supplies, warn bosses as.ft.com/r/eb84a9d1-3...

1 month ago 26 13 2 0
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Energy prices up, markets down

We done a pod innit

Me + @robarmstrong.bsky.social + FT oil nerd @jamiesmythft.bsky.social on The Obvious featuring:

-oil 📈
-Gas 🚀
-anyone fancy piloting a ship through the Strait of Hormuz? Anyone? 🚢
-markets 🤮
-sausage rolls 🥧
-2026 is going *just great* 👍🏻

open.spotify.com/episode/3h5w...

1 month ago 82 19 3 2
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Fuel shortage threatens US nuclear resurgence, warns top supplier [FREE TO READ] Centrus Energy says rising demand and ban on Russian imports risks uranium enrichment ‘supply gap’

Nuclear fuel shortage threatens America's nuclear renaissance, warns a top US supplier of enriched uranium @financialtimes.com as.ft.com/r/0f1a9585-5...

1 month ago 2 0 0 0
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The ‘holy grail’ of US climate regulation goes to court [FREE TO READ] Lawsuit challenges the Trump administration’s decision to rescind a landmark environmental ruling

As the ‘holy grail’ of US climate regulation goes to court: an @financialtimes.com analysis on how repealing "endangerment finding" would harm rather than help US competitiveness as.ft.com/r/5c495cab-d...

2 months ago 18 6 0 0
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Fusion funding deals hit record as start-ups move from labs to listings [FREE TO READ] Investors pile in to technology promising cheap and abundant power in hope it is finally approaching commercial viability

Nuclear fusion funding deals hit record as start-ups move from labs to listings: but how close is the nascent industry to commercial reality? as.ft.com/r/7cb0bf4f-a... @financialtimes.com

2 months ago 10 6 1 2
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Siemens Energy calls for Trump policy stability as it commits $1bn to US [FREE TO READ] German group’s boss says America remains ‘excellent market’ despite ‘painful’ wind farm and tariff moves

Siemens Energy calls for Trump policy stability as it commits $1bn to US: saying attacks on offshore wind and tariff uncertainty are very challenging @financialtimes.com as.ft.com/r/09432f5a-c...

2 months ago 27 8 1 1
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US to launch $12bn critical minerals stockpile to counter China’s dominance [FREE TO READ] US Export-Import Bank will provide $10bn in debt financing for effort named Project Vault

US to launch $12bn critical minerals stockpile to counter China’s dominance over key metals- backed by EXIM bank loans, private capital and with traders and corporate partners as.ft.com/r/2f42f527-7... @financialtimes.com

2 months ago 8 5 3 0
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Chevron pledges tight rein on Venezuela spending as US pushes oil majors to invest [FREE TO READ] Supermajor to focus on boosting production from existing operations rather than fast-track expansion, says finance chief

Chevron pledges tight rein on Venezuela spending as US pushes oil majors to invest. CFO Bonner tells @FT no plans to hike capex @financialtimes.com as.ft.com/r/d8af7ef6-8...

2 months ago 11 5 0 0
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GE Vernova thinks data centres could lower utility bills — eventually [FREE TO READ] Also in today’s newsletter, data shows how utilities are trying to push up bills

US utilities requested $31bn in rate hikes in 2025- double the amount in 2024, amid soaring power demand. But data centres could lower utility bills — eventually, says GE Vernova as.ft.com/r/7a501b71-e... @financialtimes.com

2 months ago 13 5 0 2
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Canada’s oil industry thrives as sales to China soar [FREE TO READ] Record production comes as analysts say Venezuelan output is not likely to significantly hit demand in short term

Canada’s oil industry is thriving with sales to China quadrupling last year, just as Trump's latest trade threats prompt PM Mark Carney to pivot harder to Asia @financialtimes.com as.ft.com/r/916f2d8e-0...

2 months ago 163 66 6 7
Adnoc increases stake in Rio Grande LNG project in Texas [FREE TO READ] Abu Dhabi’s state oil company is seeking to become one of the world’s largest integrated gas suppliers

Oil giant Adnoc increases its stake in Rio Grande LNG in Texas, amid a push by Middle Eastern investors into US gas industry despite fears of a looming supply glut @financialtimes.com as.ft.com/r/61b2cb9b-0...

2 months ago 8 3 1 0
Venezuela’s lawmakers back oil sector reforms [FREE TO READ] Legislation that could reach final approval next week allows foreign and local private companies to commercialise oilfields

Venezuela’s lawmakers back reforms that open the socialist country’s oil sector to private companies, potentially undoing a quarter century of state dominance @financialtimes.com as.ft.com/r/ce6e18e5-1...

3 months ago 8 5 5 1