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The EU's plan for a new carbon market
The European Commission announced sweeping changes to the EU emissions trading system on Friday, Europe's largest climate policy. It allows industries to emit CO2 for a longer period of time while providing more financial assistance to invest in clean technology. The European Union’s…
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Ecopetrol, Colombia's petroleum company, says a cyberattack has stolen data relating to 3,300 accounts
The?energy company?Ecopetrol, controlled by the state of Colombia, said that a cyberattack had resulted in a theft of data from about 3,300 accounts. It added that it couldn't "guarantee the breach wouldn't have a "materially adverse" financial effect. However, the company said that it did not identify any disruptions to its production…
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Palm oil climbs near one-month high as crude and Dalian oils gain
Malaysian palm futures rose on Monday, reaching their highest level since?nearly one month. This was largely due to gains in crude oil, stronger Dalian vegetable oil, and renewed El Nino fears. At close, the benchmark palm oil contract on Bursa Derivatives Exchange for October delivery was up 45 Ringgit or 0.98% at 4,642 Ringgit ($1,134.96).
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Official: Iran will restore 100 million cubic meters of lost gas production in the coming months
According to the Shana news outlet of the oil ministry, an 'important government official' said that Iran will restore natural gas production to around 100 mcm per day in the next few months. Since the U.S. and Israeli strikes on Iran late in February, attacks on Iran's infrastructure have reduced its energy production by 230 million cubic meters.
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After years of stagnation, New Zealand's interest in gas exploration is picking up.
Seven oil and gas companies are racing to secure offshore rights to explore in New Zealand before a national vote that could lead to the ban of new permits. The country's main parties are fighting over the need for gas. New Zealand attracted interest after its conservative government lifted a ban last year on new offshore drilling imposed by 2018.
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Chevron closes US Gulf platform to prepare for tropical storm
Chevron has shut down production at its Petronius facility in the Gulf of Mexico and is moving all personnel onshore to prepare…
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WildFire Energy to be acquired by Magnolia Oil & Gas in a $4.06 billion deal
Magnolia Oil & Gas announced on Monday that it had 'agreed' to purchase WildFire Energy, including all debts, for approximately $4.06 billion.
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Palm oil prices rise on the back of surging crude oil prices. El Nino concerns
Malaysian palm futures rose on Monday, following a rally in crude prices and strength?in Dalian vegetables oils. Renewed…
Latest news
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Palm VEGOILS - Palm tracks Dalian rivals down, posts second weekly gain
Malaysian palm oil futures rose for the second week in a row?on friday despite being drag down by weakness of Dalian vegetable oil prices.
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Baker Hughes reports that US energy companies have increased the number of rigs to their highest level since April 2025.
Energy services firm Baker Hughes reported on Friday that U.S. firms added rigs this week for a fifth consecutive week for the first since early June.
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Five charts of the week's financial events: energy shock, chip winners, Fed relief and more
Every Friday, Open Interest distills the previous five days' financial data into five charts that highlight the trends, surprises…
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MORNING BID AMERICAS - Chips and Ships
Hello Morning Bid readers! It's hard to escape semiconductors and the strait. Asian stocks fell this week, despite the fact…
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EU relaxes carbon market to ease industry pressure
The European Commission announced a major overhaul of the EU Emissions Trading system on Friday. It will allow industries…
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JERA starts study on US listing, sources claim.
JERA, Japan’s largest power generator, is launching a feasibility study to explore ways of expanding overseas, and increasing funding options.
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Yara misses estimates as volatile fertiliser prices delay buying
Norwegian 'fertiliser manufacturer Yara reported a second-quarter core earning?below expectations Friday as volatile nitrogen…
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Sources say that JERA is studying the US listing in order to expand overseas.
Three people familiar with the matter said that JERA, Japan’s largest power generator, is launching a feasibility study to…
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IEA chief: global energy security is at risk if Strait of Hormuz doesn't open within weeks
Fatih Birol, Executive Director of the International Energy Agency, said that if the U.S., and 'Iran, don't increase oil…
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Heat-related problems are exacerbated by the closure of a French gas plant
The high temperatures of the Mediterranean Sea impacted on cooling water availability, putting further pressure on a system…
Shale Oil & Gas
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Yara misses estimates as volatile fertiliser prices delay buying
Norwegian 'fertiliser manufacturer Yara reported a second-quarter core earning?below expectations Friday as volatile nitrogen…
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Sources say that JERA is studying the US listing in order to expand overseas.
Three people familiar with the matter said that JERA, Japan’s largest power generator, is launching a feasibility study to…
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IEA chief: global energy security is at risk if Strait of Hormuz doesn't open within weeks
Fatih Birol, Executive Director of the International Energy Agency, said that if the U.S., and 'Iran, don't increase oil…
LNG
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Argent LNG, Naftogaz to Explore US LNG Supply
Argent LNG and Ukraine's state energy company Naftogaz Group have signed a memorandum of understanding to explore long-term U.S.
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Australian Inpex Workers Set Industry Precedent With New Pay Deal
Workers at Inpex's Ichthys liquefied natural gas plant in Darwin have overwhelmingly backed a new pay deal that unions hope…
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EU Commission clarifies all Russian LNG trade is banned from 2027 for EU operators
EU-based companies will be prohibited from selling Russian liquefied natural gas next year, even if buyers are located outside the EU…
Renewables
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The EU's plan for a new carbon market
The European Commission announced on Friday that it would be making major changes to the EU’s emissions trading system. This…
-
EU relaxes carbon market to ease industry pressure
The European Commission announced a major overhaul of the EU Emissions Trading system on Friday. It will allow industries…
-
JERA starts study on US listing, sources claim.
JERA, Japan’s largest power generator, is launching a feasibility study to explore ways of expanding overseas, and increasing funding options.
