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Bloomberg

Strategist Sees WTI Falling to $40 a Barrel

Rising oil prices are accelerating a supply glut in the Western Hemisphere, Bloomberg Intelligence Senior Commodity Strategist Mike McGlone argues that growing production and improving technology could drive WTI crude down to $40 a barrel. McGlone explains to David Gura and Christina Ruffini on Bloomberg This Weekend that gas prices are likely to be lower by the midterm elections, but warns that such declines have often coincided with weakness in the stock market.

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Bloomberg

Fmr. Deputy National Security Advisor Warns Trump Rhetoric Risks Iran Talks

While the Iran ceasefire remains intact despite recent exchanges of fire, Former Deputy National Security Advisor Ben Rhodes warned it could unravel if tit-for-tat strikes escalate or hardliners on either side gain the upper hand. He argued to hosts of Bloomberg This Weekend David Gura and Christina Ruffini that President Donald Trump's public threats and rhetoric risk undermining negotiations by strengthening Iranian hardliners and making it harder for negotiators to secure a nuclear agreement.

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Bloomberg

Why the US Needs its Neighbors for Energy

Unlike autos or agriculture, North America's energy trade does not function as a single, integrated three-country system. Instead, it operates through two powerful bilateral relationships: Canadian oil flowing south into US refineries and American natural gas powering Mexico's economy. Howard Energy Partners CEO Mike Howard says roughly 70% of Mexico's energy comes from the United States, while former Canada Energy Regulator CEO Gitane De Silva notes that about 60% of US oil imports originate in Canada. As USMCA negotiations approach, energy executives, regulators, and policy experts largely agree on one thing: the current arrangement works remarkably well, and the best outcome may be to leave it largely untouched.

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Bloomberg

Panama Canal Sees Revenue Boost Amid Iran Conflict

The ongoing conflict involving Iran has indirectly benefited Panama as more ships seeking alternative routes to transport commodities globally, following disruptions in the Strait of Hormuz. Former vice foreign minister of Panama and senior adviser at the Center for Strategic Studies Carlos Ruiz-Hernandez joins Bloomberg This Weekend and explains to hosts David Gura and Christina Ruffini how the Panama Canal Authority is proactively managing the surge by anticipating risks and preparing to handle near-capacity traffic.

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Cryptocurrency

Crypto miners chase AI as data centre economics shift

  • Hyperscale Data signed a deal to provide 20 megawatts of AI computing capacity, accelerating its shift away from Bitcoin mining. 
  • The agreement could generate more than US$1.2 billion over its initial term, while the company currently holds 726.94 Bitcoin (CRYPTO:BTC) worth about US$45.9 million. 
  • The broader sector faces execution risk as miners convert crypto infrastructure into AI facilities while maintaining access to power, cooling and long-term customers. 
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