(Investing) – Brent crude could surge to $200 a barrel, pushing U.S. gasoline prices to around $7 a gallon, if the Iran conflict drags on through the end of June and the Strait of Hormuz remains largely closed to shipping traffic, Macquarie strategists warned in a note. These fears were echoed by Egyptian President Abdel Fattah al-Sisi, who warned at an energy
(Investing) – Macquarie is forecasting a 6.5 million barrel decrease in U.S. crude inventories for the week ending June 13, according to the firm’s energy strategist, Walt Chancellor. This projected decline follows a 3.6 million barrel draw in the previous week, when the crude balance was looser than Macquarie had anticipated despite strong refinery activity. The firm expects crude runs to moderate by
World Oil Shell New Energies US, a subsidiary of Royal Dutch Shell, has signed an agreement to buy 100% of Savion LLC (Savion), a large utility-scale solar and energy storage developer in the United States, from Macquarie’s Green Investment Group. With this acquisition, Shell expects to significantly expand its global solar portfolio. “Savion’s significant asset pipeline, highly experienced team, and
Reuters LONDON – Macquarie, the world’s largest infrastructure investor, has raised 1.6 billion euros ($1.93 billion) for its second global renewables fund, driven by strong demand from institutional investors in Britain and Germany. Countries and companies are seeking to increase their usage of renewable energy to lower carbon emissions and fight climate change. At the same time, record low interest
Reuters NEW YORK – Units of Macquarie Group MQG.AX and Siemens AG SIEGn.DE are forming a venture named Calibrant Energy, that will invest in the emerging energy-as-a-service (EaaS) sector in the United States, according to a joint statement on Monday. Electricity generation is forecast to increasingly move away from traditional structures involving large fossil fuel-burning power plants, towards localized systems using renewable energy
