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Ecopetrol's interim leader pledges to spend efficiently for stability
Interim Chief Executive Juan Carlos Hurtado, of Colombia's state-owned energy company Ecopetrol, said that the firm aims to increase its own sustainability by being efficient in spending, practicing capital discipline and reducing costs. Hurtado was appointed interim CEO of Ecopetrol…
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Middle East Conflict Restricts Supply for European LNG Stock Refill
The escalating conflict in the Middle East due to the U.S.-Israeli war with Iran is tightening global liquefied natural gas (LNG) availability and constraining Europe's ability to refill storages which depleted to their lowest since 2022 over the summer, the European Network of Transmission System Operators for Gas (Entsog) said on Thursday.The con
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Crude Oil Loadings Continue at Yanbu Port Despite Pipeline Attack
Crude loadings at Saudi Arabia's Red Sea port of Yanbu have continued despite an Iranian attack on Wednesday on the country's East-West Pipeline, sources at two buyers from the port and a third trading source told Reuters on Thursday.Saudi state oil firm Aramco declined to comment.Iran…
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ConocoPhillips evaluates oil opportunities in Venezuela
ConocoPhillips announced on Thursday that it will send a small team to Venezuela this week to assess oil and gas prospects. The U.S. The?U.S. oil producer left South America?in 2007, after its assets were nationalized. Arbitration awards stemming from the expropriations have awarded the company a?about 12 billion dollars with interest.
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Pemex Dos Bocas refinery fire is the second to occur since March
MEXICO CITY - On Thursday, a fire broke out at a petroleum coke storage facility at?Pemex Dos Bocas?refinery, in southern?Mexico. This is the second fire at this site in less than a week. The company stated that there had been no reports of injuries and that emergency services were?deployed to the scene.
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Indonesia names Pertamina officials, oil tycoons as suspects in an oil procurement probe
Indonesia's Attorney General's Office named seven individuals, including executives of state energy firm Pertamina as suspects…
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Takaichi, the PM of Japan, says that Japan will release an extra 20 days of oil reserves in May.
Sanae Takaichi, the Prime Minister of Japan, announced at a cabinet meeting held on Friday that Japan will release 20 days…
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Commonwealth files show that EQT and Glencore have committed to buying more LNG from Commonwealth.
A regulatory filing obtained by revealed that EQT Corp and Glencore had each 'agreed' to buy 1 million metric tonnes per…
Latest news
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Sheinbaum, Mexico's Sheinbaum, backtracks from his opposition to fracking and says that new methods are cleaner
The Mexican president Claudia Sheinbaum acknowledged on Thursday a change in her position?on hydraulic fracture, or fracking.
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Shell plans to start gas production at the massive Venezuela-Trinidad Loran Manatee Field next year
Gerald Ramdeen is the chairman of Trinidad's National Gas Company. He said that Shell will begin natural gas production in…
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Venezuela delays new oil contracts as investors wait
Two sources said that energy companies evaluating whether or not to invest in Venezuela were waiting for the OPEC nation’s…
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World Bank's guarantee arm switches to portfolio approach after hitting $100 billion milestone
The Multilateral Investment Guarantee Agency of the World Bank Group (MIGA) reached a milestone on Thursday, surpassing $100…
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McGeever: ROI-Ceasefire brings relief to the market, but outlook is still sobering.
It is not surprising that the oil prices have plummeted and global markets have seen a huge rally of relief after 'the ceasefire' in the Iran War.
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Palm oil prices rise over 1% as bargain-buying and crude oil price rebound
Malaysian palm futures closed?more that 1% higher Thursday, recovering?some losses from the previous session, backed by bargain…
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LAPFF joins the chorus of shareholder advisers recommending dissenting vote on BP Board
The Local 'Authority Pension fund Forum', which represents funds with assets worth over $425 billion ($569 'billion), has'recommended'…
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Document shows India wants to double its capacity and reduce steel emissions by 25%.
India's steel mills plan to reduce carbon emissions by around a quarter in the next decade, and to reduce their reliance on coal.
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Brazil weighs fast-tracking biodiesel tests as diesel prices spike
The head of the Brazilian soy crushers' association stated on Wednesday that the government was looking for ways to speed…
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Palm oil drops to a two-week low after ceasefire, dragging crude oil down
Malaysian palm futures fell more than 3% on Tuesday, hitting their lowest level in two weeks, due to a sharp fall in crude…
Shale Oil & Gas
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McGeever: ROI-Ceasefire brings relief to the market, but outlook is still sobering.
It is not surprising that the oil prices have plummeted and global markets have seen a huge rally of relief after 'the ceasefire' in the Iran War.
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LAPFF joins the chorus of shareholder advisers recommending dissenting vote on BP Board
The Local 'Authority Pension fund Forum', which represents funds with assets worth over $425 billion ($569 'billion), has'recommended'…
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Document shows India wants to double its capacity and reduce steel emissions by 25%.
India's steel mills plan to reduce carbon emissions by around a quarter in the next decade, and to reduce their reliance on coal.
LNG
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Novatek Establishes Company to Build Vessels, Floating Facilities Amid Global Tanker Shortage
Russia's largest producer of liquefied natural gas Novatek has set up a company to build its own vessels and floating facilities, according to the sta
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Italy to Receive LNG From US Golden Pass Facility Starting June
Italy will begin receiving liquefied natural gas (LNG) from the Golden Pass LNG facility in the United States, a joint venture…
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Thailand Seeks LNG Supplies from Malaysia Due to Middle East Conflict
Thailand is actively seeking additional LNG supplies from Malaysia following disruptions caused by the ongoing Middle East conflict, Thai energy gover
Renewables
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Palm oil prices rise over 1% as bargain-buying and crude oil price rebound
Malaysian palm futures closed?more that 1% higher Thursday, recovering?some losses from the previous session, backed by bargain…
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Thai PM addresses the Parliament
The Thai Prime Minister Anutin Charnvirakul presented his government's policy agenda in front of parliament on Thursday.
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Brazil weighs fast-tracking biodiesel tests as diesel prices spike
The head of the Brazilian soy crushers' association stated on Wednesday that the government was looking for ways to speed…
