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RWE, Apollo Set Up Joint Venture to Channel $3.7B Investment in German TSO
RWE has struck a long-term partnership with Apollo Global Management to secure funding for its 25.1% stake in Amprion, one of Germany’s four transmission system operators, as the country gears up for a decade of record grid investments.Under the agreement, Apollo will provide $3.74…
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TASS reports that Russia's top oil executive said Asian oil demand is still growing.
Alexander Dyukov of Russian oil giant Gazprom said that the demand for crude oil in Asia continues to increase, while China, among other countries, has been replenishing its crude stocks, according to TASS. OPEC+ agreed this month to increase oil production in October, as Saudi Arabia tries to regain its market share.
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Chicago soybeans drop after US biofuels proposal is a disappointment; corn pulls away
Chicago soybean futures declined for the second consecutive session on Thursday. This was due to a decline in soy oil prices after a disappointing U.S. proposal regarding biofuel blends and continued low demand from China. The most active soybean contract traded on the Chicago Board of Trade lost 0.36%, to $10.40 a bushel. After the U.S.
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Palm oil drops on Dalian and Chicago Exchanges due to weakness in soyoil
Malaysian palm futures continued to lose on Thursday, wiping out the gains of the previous session, as the contract tracked the losses in soyoil futures at Dalian and Chicago. By midday, the benchmark palm oil contract on Bursa Malaysia's Derivatives exchange had fallen 48 Malaysian Ringgits…
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French price increases prompt but strike has little impact
The wholesale European power prices increased on Thursday, as a result of a strike in France that removed some nuclear power from the market. However, a decrease in German wind energy generation was more significant. The signal for Germany is positive. In a day-ahead outlook, LSEG analyst Xiulan He noted that wind supply was on the decline…
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Head of industry association says that Canada's oil supply is not as reliable as Japan's, but the Canadian market is still tough.
The head of an industry association in Japan said that Japanese refiners need to diversify their supply sources, as 95% its…
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Anglo-Teck's merger with Glencore will unlock Chile mine synergies if Glencore approves
Analysts say that the proposed Anglo American and Teck merger could be hampered by Glencore, a Swiss miner-trader. Glencore…
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China import surge increases seaborne thermal coal price: Russell
The price recovery is due to a rebound in China's seaborne thermal coal imports, but this boost will only last a short time…
Latest news
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Santos stock slides as $18.7 billion ADNOC-led deal collapses
Santos, the Australian gas producer, saw its shares fall as much as 13.6 percent on Thursday. A consortium led by Abu Dhabi…
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Santos said it was prepared to approve an ADNOC bid of $18,7 billion before the deal collapsed
Santos, the Australian gas producer, said that it would be willing to accept the ADNOC consortium's bid of $18,7 billion…
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Mexico injects nearly $14 billion in Pemex following fresh debt offers
Mexico's Finance Ministry announced on Wednesday that it will inject almost $14 billion in the highly indebted Pemex state…
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Trinidad and Tobago wins four deepwater oil and natural gas blocks
The auction of deepwater exploration and production blocks for oil and gas in Trinidad and Tobago failed to attract much…
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WaterBridge, backed by Five Point, is valued at almost $3 billion and shares soar in NYSE debut
WaterBridge Infrastructure shares rose 25% on their New York Stock Exchange debut on Wednesday. This gives the midstream…
Shale Oil & Gas
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EIA: US crude inventories drop sharply after net imports reach record lows
The Energy Information Administration reported on Wednesday that U.S. crude stockpiles declined sharply as net imports plunged to a new record low…
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ADNOC consortium withdraws bid of $18.7 Billion for Australia's Santos
After months of disagreements over valuation, Abu Dhabi National Oil Company has pulled its $18,7 billion bid to purchase…
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New Fortress Energy signs $4 billion LNG contract in Puerto Rico
In a social media post posted on Tuesday, Governor Jenniffer Gonzalez announced that Puerto Rico had negotiated a $4 Billion…
LNG
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Italy to Help Sardinia Phase Out Coal with New LNG Plants
Italy plans to send two new units for the regasification of liquefied natural gas (LNG) to Sardinia to help the island phase out coal, a government de
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Third Russian Tanker from Sanctioned Arctic LNG 2 Discharges and Departs China
A third tanker from Russia's Arctic LNG 2 plant, which is under Western sanctions, discharged its cargo and exited a terminal in China on Wednesday…
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Edison to Replace Pipeline Gas with Flexible LNG supply
Italian gas and electric utility Edison plans to replace some gas volumes from pipeline contracts with liquefied natural…
Renewables
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Indonesia sovereign wealth fund INA targets AI in healthcare and renewables, data centres and the Indonesian sovereign wealth fund INA
Chief Investment Officer of the Indonesia Investment Authority, Mr. Agung, said that the fund's priority areas are digital infrastructure…
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Australia pledges $735 million for biofuel development
The Australian government announced on Wednesday that it would invest A$1.1billion ($735m) in developing a low-carbon energy industry.
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The agency's head claims that Colombian oil and gas reserves are expected to increase this year.
The head of Colombia's hydrocarbons department said on Tuesday that the country's oil and natural gas reserves are likely…