SAF Group Feb 2, 2025 Energy Tidbits Memo Should be Posted by Noon MT

The SAF Group Feb 2, 2025 Energy Tidbits memo should be posted by noon MT on the research section of our SAF Group website [LINK]. (i) Trump hits Cdn imports with 25% tariffs but reduced 10% on Cdn “energy resources” includes the obvious ones (oil, natural gas, NGLs, condensate, uranium, etc.) but excluded electricity. ?(ii) 10% tariffs should exclude ~300,000 b/d of Cdn oil that moves via pipeline & rail to Gulf Coast for re-export ie. not consumed in US. (iii)? OPEC meets tomorrow and is expected to stick to Dec 5 plan to gradually add back voluntary cut barrels to the market staring Apr 1. (iv) DeepSeek impact still far from certain but we wonder if it puts natural gas back to pre-2024 expectations for solid, but not the WOW, demand growth. (v) We wonder if Ontario Power Generation’s on track 1st G7 SMR by 2029 will give markets confidence that SMRs can have a clear strong growth path for the 2030s. (vi) here are many other items in today’s Energy Tidbits memo. (vii) ?Thanks to Twitter/X followers who took me over 12,000 this week. I hope others will follow me on Twitter/X at [LINK] for breaking news that ultimately ends up in the weekly Energy Tidbits memo that typically gets posted by Sunday noon MT. I hope our SAF Group Energy blogs, Energy Tidbits memos, Linkedin articles and Tweets help with your perspective on energy and markets. Thank you for your support to my Energy Tidbits memos and tweets.

Dan T