MARKET MOVEMENTS:

--Brent crude oil is down 1.6% at $79.53 a barrel

--European benchmark gas is up 1.5% at 47.61 euros a megawatt-hour

--Gold futures are down 0.8% at $2,727.50 a troy ounce

--LME three-month copper futures are up 0.8% at $9,253.00 a metric ton


TOP STORY:

Trump to Declare National Energy Emergency

President-elect Donald Trump's plans to declare a national energy emergency opens up sweeping new powers for the federal government to slash permitting requirements for energy projects, fast-track power-plant construction and loosen curbs on fossil-fuel exports. The move comes amid concerns that growing power demand across the U.S. is straining the electricity grid, requiring extraordinary actions to stave off potential breakdowns in supply, according to lobbyists and energy-industry experts.


OTHER STORIES:

Trump Economic Executive Orders, Memoranda Focus on Energy, Inflation

President-elect Donald Trump will sign executive orders and memoranda during his first day in office tailored to cutting federal regulations around energy production and reducing inflation, according to an incoming White House official.

Trump, for instance, will sign an executive order that aims to eliminate President Biden's climate regulations tied to the production of electric vehicles, according to the official. Another will be focused on Alaska and bolstering energy production from within that state.

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Enteq Technologies Starts Formal Sale Process

Enteq Technologies said it decided to start a formal sale process of the company amid a strategic review seeking to boost shareholder value.

The London-listed specialist energy services company said Monday that it would welcome expressions of interest from interested parties regarding a potential transaction for the company.

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Wood Group Wins Long-Term Contract With Esso Australia

Wood Group won a long-term contract with Esso Australia to provide long-term maintenance solutions for onshore and offshore assets in the southeast of Australia.

The agreement, described as significant by the Scottish energy-services company, relates to the Gippsland Basin, located in the Bass Strait, in the state of Victoria.

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Pod Point Shares Hit All-Time Low on Revenue Miss Forecast

Pod Point Group Holdings shares hit an all-time low after the company said that revenue for last year will miss market forecasts due to ongoing weakness in the electric vehicle market.

Shares were down 5.31 pence, or 32%, at 11.48 pence in early morning European trading, having fallen to a low of 10.46 pence earlier in the session. They are currently down 28% over the past three months and 45% lower over the past 12 months.


MARKET TALKS:

Oil Slide Accelerates After WSJ Reports Trump Won't Impose Immediate Tariffs -- Market Talk

1540 GMT - Oil's declines accelerated after a report that President-elect Donald Trump isn't planning to impose new tariffs on his first day in office, DNB Markets analysts say. According to The Wall Street Journal, Trump plans to issue a broad memorandum on Monday that directs federal agencies to study trade policies and evaluate U.S. trade relationships, but the memo doesn't impose any new tariffs. "Traders had been eying the risk of disruption to Canadian supplies--the largest source of U.S. imports--after Trump previously told Alberta's Premier that there would be no exceptions for oil in any tariffs," Helge Andre Martinsen and Tobias Ingebrigtsen say. Brent crude is down 1% at $80 a barrel, while WTI falls 1.4% to $76.31 a barrel. (giulia.petroni@wsj.com)

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Oil Prices Fall Amid Uncertainty Over Trump's Policies -- Market Talk

1512 GMT - Crude futures fall in afternoon trade as investors await to get more clarity on President-elect Donald Trump's policy agenda after the inauguration ceremony, including tariffs and sanctions plans. Brent crude is down 1.4% at $79.74 a barrel, while WTI trades 1.6% lower at $76.15 a barrel. The declines reflect significant uncertainty over the future U.S. president's policies and their impact on oil markets, with some traders taking profits following crude's rally earlier this month. "Hedge fund buying in commodities extended for a third straight week through Jan. 14, boosting net long positions across 26 major futures contracts to a near three-year high," Saxo's Ole Hansen says." "This has advertently left some of those gains exposed to profit-taking, especially with Trump's return to the White House potentially signaling a period of uncertainty and turmoil." (giulia.petroni@wsj.com)

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Base Metal Prices Rise; Aluminum Gains on Positive China Data -- Market Talk

1352 GMT - Base metal prices rise, with LME three-month copper up 0.3% at $9,210 a metric ton and LME three-month aluminum up 0.5% at $2,693.50 a ton. Aluminum is up 4.7% on-week, boosted by signs of economic recovery in China following a series of stimulus measures over the last couple of months, ING analysts say in a note. China's economic data released on Friday showed GDP expanded 5% in 2024, meeting the government's target. China's sluggish economic growth--in particular the moribund real estate sector--has weighed on industrial metal prices amid slowing demand. At the same time, market focus is on U.S. President-elect Donald Trump's inauguration later Monday, and the potential scale and scope of his proposed tariff plans, which could target China and further affect industrial metal demand. (joseph.hoppe@wsj.com)

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Gold Futures Broadly Flat Ahead of Trump's Inauguration -- Market Talk

1348 GMT - Gold futures are broadly flat as the U.S. dollar softens ahead of Donald Trump's inauguration. Futures are flat on $2,741.60 a troy ounce. The market is closely monitoring the presidential inauguration, seeking clarity on potential policies that could affect inflation trends and influences the Federal Reserve's monetary policy decisions, Tickmill's Joseph Dahrieh says in a note. The precious metal's price dynamics could see heightened volatility in the early phase of Trump's administration, as policy implementations could bring unexpected developments,Dahrieh writes. While gold's safe-haven demand has been diminished by reduced Middle Eastern geopolitical tensions, it remains well-supported by multiple factors including central bank demand and economic uncertainties, particularly if new trade tariff policies create disruptions, Dahrieh adds. (joseph.hoppe@wsj.com)

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Palm Oil Rises, Supported by Soybean Oil Rebound -- Market Talk

1013 GMT - Palm oil ended higher, supported by the rebound in soybean oil prices on Friday, Kenanga Futures said in a research note. Donald Trump and Chinese President Xi Jinping's phone call on Friday boosted optimism on U.S.-China relations and soybean oil prices, Kenanga said. Potential bargain hunting ahead of Ramadan in March may also have lifted palm oil prices, it said. Still, Phillip Nova analyst Lim Tai An noted that there could be sharp price fluctuations across commodities and stock markets as investors digest Trump's policy signals in the coming days. The Bursa Malaysia Derivatives contract for April delivery ended 16 ringgit higher at 4,206 ringgit a ton.(sherry.qin@wsj.com)

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Antofagasta Shares to Rise Should Copper Prices Rally -- Market Talk

1004 GMT - Antofagasta shares have room to rise should the price of copper rally over the next two years, analysts at Peel Hunt Research write. The Anglo-Chilean's share price reflects current spot copper prices which means the shares have strong reward potential should prices rise, the analysts say. After its production update, the analysts lower their Ebitda estimates by 3% to $3.4 billion. Given its high capital expenditure, they lower expected dividend per share to $0.28. The analysts upgrade the stock to hold from reduce, and raise its share-price target to 1,735 pence from 1,685 pence. Shares fall 0.5% to 1,754.50 pence. (adam.whittaker@wsj.com)

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Gold Futures Flat; Risk Skewed Upside Ahead of Trump's Inauguration -- Market Talk

0924 GMT - Gold futures are broadly flat, though risk appears skewed to the upside ahead of Trump's inauguration. Futures are flat on $2,749.10 a troy ounce. The precious metal is up 4.1% in the year-to-date, reflecting political and trade uncertainties, Pepperstone's Ahmad Assiri writes. Market focus is on U.S. President-elect Donald Trump's potential tariff strategies ahead of his inauguration later Monday, including a possible universal tariff of up to 20%, Assiri says in a note. If enacted, these policies could disrupt existing global trade flows and amplify economic volatility, reinforcing gold's safe-haven demand, he says. Anticipation for rapid rollouts of executive orders further adds to market jitters and gold demand, as investors ready themselves for immediate policy shifts, Assiri adds. (joseph.hoppe@wsj.com)

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Europe's Gas Price Falls as Market Remains Cautious Ahead of Trump's Inauguration -- Market Talk

0915 GMT - European natural-gas prices fall ahead of President-elect Donald Trump's inauguration later on Monday, as traders wait to see the impact of future policy on the market. Trump is expected to sign a flurry of executive orders shortly after being sworn in, potentially including the lifting of a moratorium on new permits to export liquefied natural gas. His handling of sanctions against Russia's energy sector is also expected to have a significant impact on gas supplies. Meanwhile, the EU is reportedly considering import restrictions on Russian LNG as part of a new package of sanctions against the Kremlin. The benchmark Dutch TTF contract trades 1.5% lower at 46.17 euros a megawatt hour, but is still 4.5% higher on month amid fast depleting inventories. (giulia.petroni@wsj.com)

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Oil Edges Lower Ahead of Trump's Inauguration -- Market Talk

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01-20-25 1111ET