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News 

A former SAC Capital portfolio manager is closing his $1 energy billion hedge fund after only three years of trading

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“Precocity Capital, an energy-focused hedge fund run by former SAC Capital PM Nick Tiller, is closing down, according to sources familiar with the matter” writes Bradley Saacks for businessinsider.com. The hedge fund managed more than $1 billion as recently as last year, regulatory filings show, and began trading less than three years ago, in mid-2016.Tiller left SAC in 2013 and founded a non-profit organization that consults with and invests in companies creating more sustainable energy and food practices known as Sustainable America.Past reports also note that Tiller was responsible for…

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Amazon to share its carbon footprint for 1st time as part of new ‘Shipment Zero’ sustainability initiative

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“Amazon pushed back on the report, saying AWS is committed to running its data centers on 100 percent renewable energy, hitting 50 percent renewable energy last year” writes Nat Levy for geekwire.com. Because of improvements in areas like electric vehicles, aviation bio fuels, reusable packaging and renewable energy, the company says it “can now see a path to net zero carbon delivery of shipments to customers.” Amazon did not give a timeline for achieving net zero carbon on all deliveries. Source: geekwire.com

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Crypto Markets News 

Report: Global Blockchain in Energy Utilities Market to Grow 60% by 2024

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“The global blockchain in energy utilities market is expected to grow by 60 percent by 2024, according to a new report from Infoholic Research LLP published on Feb. 15” writes Ana Alexandre for cointelegraph.com. Per the report, the global blockchain in energy utilities market was assessed to be $210.4 million in 2018, and is expected to reach $3.4 billion by 2024.To prepare the report, Infoholic Research reportedly analyzed the deployment of blockchain in the energy utilities market on a global scale by components, services, application, and regions.Infoholic Research thus predicts…

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News Oil 

Americans value a free gas fill-up over a cash giveaway — but that’s no comfort to risk-averse investors

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“Still, gas is subject to the whims of prices for crude oil, from which it is derived, and spikes in prices can become burdensome for consumers and investors” writes Markets Commodities Reporter for marketwatch.com. Regular unleaded gasoline prices on Friday morning averaged $2.302 a gallon at the pump — about 10% below the year-ago level, according to GasBuddy.MPC, +1.48% And, looking at the bigger picture for gasoline prices, they may end up being a bit cheaper at the retail level this year than last.Volatile prices make gasoline a particularly risky…

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News Oil 

The Energy 202: EPA plan to rid drinking water from toxic chemicals sparks divisions in Washington

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“The Greenpeace report also calls out technology companies, Amazon Web Services in particular, for needing to do more to push for renewable energy sources” writes February At Am for washingtonpost.com. But the agency isn’t setting that limit just yet because, according to Ross, it wants to make sure any new rules will be defensible in court. Source: washingtonpost.com

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Google to spend $13 billion on real estate in 2019, expand into four states

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“Our data centers make a significant economic contribution to local communities, as do the associated $5 billion in energy investments that our energy purchasing supports.”” reports thehill.com. Tech giant Google will invest $13 billion in data centers and offices in the United States over the course of 2019 as the company expands its U.S. operations and breaks ground for the first time in four states.Some of the investments will also go towards making the new Google campuses run on sustainable energy, according to the blog post.”As part of our commitment…

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News Oil Stocks 

Oil and gas stocks in broad rally; crude prices jump on reports of supply cuts

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“Shares of oil and gas companies were broadly higher Wednesday, as reports of supply cuts and optimism on U.S.-China trade talks helped fuel a rally in crude oil prices” writes Reporter Editor for marketwatch.com. The energy ETF has hiked up 13.5% year to date, while the S&P 500 SPX, +0.48% has rallied 10.1%.Meanwhile, crude oil futures CLH9, +1.75% ran up 2.3%.The energy sector was the best performing of the S&P 500’s 11 key sectors, with the SPDR Energy Select Sector ETF XLE, +1.69% climbing 1.7% with all 30 equity components…

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Npower increase is third energy price rise in three days

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“Npower has become the third big energy supplier to increase prices in the past three days after the regulator raised its cap on standard energy charges” writes Ashley Armstrong for telegraph.co.uk. Npower’s increase will add £118 a year to the bills of its 1 million customers.The price hike hat-trick bring the total number of homes facing higher bills this spring to 4.3 million, following E.On’s increase for almost 2 million households and EDF’s rise hit 1.3 million homes. Alex Neill, of consumer group Which?, said the rest of the Big…

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