On the agenda: Arctic oil and gas, rare earth mines, a nuclear data center, a tunnel under the Bering Strait… and even the potential return of seized ExxonMobil assets.
Kirill Dmitriev (of the Russian sovereign wealth fund) has met at least nine times with Trump’s special envoy (Steve Witkoff) since April 2025. Trump wants results before the midterm elections; Putin is seeking economic relief in the face of low oil prices and tightened sanctions.

🚨 Who Really Controls Nuclear Power?

🇺🇸 US: 97 GW (94 reactors)
🇫🇷 #France : 63 GW
🇨🇳 #China: 55 GW
🇷🇺 #Russia: 27 GW
🇰🇷 South Korea: 26 GW
🇯🇵 #Japan: 13 GW
🇨🇦 #Canada: 13 GW

If you want to understand where nuclear fits in the next global energy order

#oott #Energy #nuclear

🚨 From $5.2bn To $614m

Glencore’s Energy Trading Back To “Normal”

Still Record volumes

📉 2025 Energy Marketing Numbers

• $614m EBIT in 2025
• Down 32% YoY
• 3rd straight annual decline
• Vs $5.2bn peak in 2022

H1 2025, $40m EBIT.
H2 rebounded, but not enough.

🛢️ Volumes Are Not The Problem

• 4.2 mb/d traded in 2025
• +11% YoY
• Highest since 2020

Still below 2017 peak of 5.6 mb/d.

Barrels up⬆️

Margins down⬇️

• Well-supplied markets
• Softer sentiment
• Lower volatility

⚖️ Broader Marketing Still Profitable

All-commodities marketing:

• $2.3–3.5bn Adjusted EBIT annually

Energy is no longer the outsized driver.

Will 2026 be different?

#energy #oott

Technology and commodity CapEx cycles tend to move in opposite directions.

When technology investment is elevated while commodity investment is depressed, commodities tend to outperform tech.

Top 100 24h Gainers 🚀

WLFI        $0.1229        +20.77%
PIPPIN    $0.5614        +12.52%
STABLE    $0.0289        +9.39% 
ATOM        $2.46            +9.30% 
SPX          $0.3550        +6.77% 

Top 100 24h Losers 🔻

PUMP        $0.002086    -6.44% 
TAO          $186.00        -5.68% 
NEXO        $0.8650        -4.34% 
M              $1.45            -4.08% 
ICP          $2.32            -3.54%

Stifel reiterates $NVDA NVIDIA at Buy with a $250 price target.

Analyst Ruben Roy cites the expanded $META Meta Platforms partnership, which includes the first large scale Grace-only CPU deployment and validates NVIDIA’s full stack strategy for AI infrastructure.

$NVDA/USD H2 #Indicator #Signal #Trading #GlobalOneAI

$META/USD H2 #Indicator #Signal #Trading #GlobalOneAI

$IREN $CLSK $CIFR $BITF $WULF $CRWV | AWS CEO Matt Garman: "Even with all these investments, we will be capacity constrained for the next couple of years. We will sell every single server and every single bit, and we will wish we had more."

$TSLA $MBLY $AMZN $NVDA $SERV $RR | Elon Musk plans an "Optimus Academy" to train 10,000 to 30,000 Tesla robots via real world self-play.

The facility aims to close the "sim-to-reality" gap by combining physical testing with millions of virtual trials.

Google $GOOGL just announced "America-India Connect"

Google announced plans to lay new subsea cables to help increase connection between India 🇮🇳 and the world

"In collaboration with local partners, America-India Connect will establish a new international subsea gateway in Visakhapatnam (Vizag); three new subsea paths connecting India to Singapore, South Africa, and Australia; and four strategic fiber-optic routes that bolster network resilience and capacity between the United States, India, and multiple locations across the Southern Hemisphere."

Prediction:

China's 80th National Day Military Parade in 2029

6 more Stratotankers just arrived in Europe with an additional 22 fighters (12x F-16, 10 F-15) heading to the Middle East.

This is on top of the 50+ fighters deployed last night.

The U.S. military buildup continues as Russia & China conduct joint military drills with Iran.

CHINA Assisting IRAN with Intel, surveillance and real time tracking Through Satellites to Expose US Military Builups and Positions into Open-Source Targets for IRAN military.

China is effectively serving as Iran's advanced surveillance and reconnaissance partner—providing satellite imagery, navigation support, and possibly real-time intelligence including access to the BeiDou navigation system as an alternative to U.S.-controlled GPS —amid heightened US-Iran tensions

Unconfirmed claims point to real-time data sharing on U.S. naval and air movements, potentially leveling the playing field for Iran against superior U.S. forces

⚠️What happens when Iran sinks the USS Abraham Lincoln with Chinese made & supplied hypersonic missiles & radar?

📕 Protocol from the last meeting #FED:

❗️ Most FED chairmen indicated that with a further slowdown in inflation, a reduction in the interest rate is possible.

▫️ At the same time, many FOMC participants stressed: the process of disinflation may proceed slower and more unevenly than expected. The risk of persistently high inflation remains significant.

▫️ FED chairmen still expect inflation to return to the target of 2%, but the timing and pace remain uncertain.

▫️ Several representatives supported the idea of a "two-way" signal on the rate - a reduction is allowed when inflation cools down, and an increase if it stabilizes above the target.

▫️ Economic activity continues to grow at a steady pace. In 2026, a sustained growth is expected.

▫️ The staff's forecast has become more optimistic for the economy compared to December. At the same time, inflation is expected to be slightly higher than previous estimates.

▫️ The labor market shows signs of stabilization, the risks of a worsening situation have decreased.

▫️ With an appropriate DKP, employment is likely to stabilize and begin to improve over the course of the year.

▫️Conclusion: The further path of the rate will depend on the dynamics of inflation. A relaxation is possible, but the FED remains cautious due to the risks of slow progress towards the target of 2%.

Theory: The United States will start a war against Iran on Friday.

The US nuclear aircraft carrier Gerald Ford will arrive off the coast of Israel on Sunday.