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US-Sanctioned Tanker Carries Fuel Along North Sea Route
A tanker under U.S.
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French LNG Supply Still Disrupted by Strike
Workers at French LNG terminals will continue to block ships from discharging until their salary demands are met, two representatives with the CGT union said on Friday.The blockade at three out of four of the country's terminals has reduced gas outflows from one of Europe's top gas…
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US Natural Gas Prices Rise as LNG Exports Increase
U.S. natural gas futures climbed about 2% on Monday on near-record flows to liquefied natural gas (LNG) export plants and forecasts for more demand this week than previously expected.Front-month gas futures for November delivery on the New York Mercantile Exchange (NYMEX) rose 6.7 cents…
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Molgas Acquires Titan LNG Bunker Supplies
Spain’s Molgas has fully acquired Dutch liquefied natural gas bunker supplier Titan, following its acquisition of a 45% stake in 2023, the company said on Tuesday.LNG bunkering demand has been rising in recent years with the introduction of hundreds of ships that can run on the fuel, as the shipping industry ramps up efforts to decarbonise by 2050
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US Postpones Sanctions on NIS Oil Company
The U.S. has postponed sanctions on Serbia's Russian-owned NIS oil company, which runs Serbia's only oil refinery, for one week until October 15, Belgrade-based Nova Ekonomija news portal reported on Wednesday, citing sources.The reported extension comes as the U.S. extended a license…
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Sources say that Congo will tie export quotas for cobalt to data from three-year companies.
Three sources with knowledge of the issue said that the Democratic Republic of Congo would allocate cobalt export quotas…
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Brazil's soybean exports will hit a record high as US market is out and Chinese demand strong
Data from the grain exporter Anec showed that Brazil's soybeans exports will surpass the annual volumes of 2024 and even…
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Sources say that EDF is in contact with banks to discuss the IPO of Edison.
Three sources confirmed that senior executives of EDF were meeting with investment banks in Paris to discuss options for…
Latest news
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Sources say that Congo will tie export quotas for cobalt to data from three-year companies.
Three sources with knowledge of the issue said that the Democratic Republic of Congo would allocate cobalt export quotas…
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EU Auto Group pushes hybrids and e-fuels as part of CO2 emissions goal review
The European Union's auto association suggested that the EU should relax its CO2 targets for cars and vans. It also recommended…
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US crude stockpiles rise, fuel inventories fall, EIA says
The Energy Information Administration reported on Wednesday that U.S. crude stockpiles increased while gasoline and distillate stocks fell.
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Audit says that Congo mining companies underreported revenues of $16.8 Billion.
A state audit revealed that mining companies in the Democratic Republic of Congo failed to report $16,8 billion between 2018 and 2023.
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The rising tungsten price is a major concern for oil drillers.
U.S. shale drilling companies are paying higher prices for tungsten. This rare metal is used in industrial tools such as drillbits.
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Algeria aims to reduce budget deficit by 35% in 2026, despite spending record
Algeria's budget bill shows that it plans to reduce the deficit to $40 billion or 12.4% GDP by 2026. This is despite adopting…
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Novak, the Deputy Prime Minister of Russia, says that Russia has gradually increased its oil production.
The Interfax news agency reported that Alexander Novak, Deputy Premier, said on Wednesday that Russia had been steadily increasing its oil production…
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South Africa coal heartland is home to a small solar city
Even though the locals are coughing up grey smog, coal keeps them at work, heats their homes during winter, and cooks dinner.
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First political hurdle cleared for EU's plan on phase-out of Russian energy
EU diplomats reported that the ambassadors of European Union countries agreed on Wednesday to push ahead with the plan to…
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Palm closes highest in 7-weeks on strength of soyoil and crude oil
The price of Malaysian palm oil futures rose by more than 1% Wednesday due to higher soyoil prices and crude oil, which prompted…
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EUROPE GAS-European Gas Prices ease after Recent Gains
The British and Dutch gas price fell on Wednesday morning, after having risen more than 5% from the beginning of the week.
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Spot prices are affected by a combination of falling demand and increased supply
On Wednesday, a higher supply forecast led to a rise in the wholesale electricity prices across Europe. Demand is expected to decrease.
Shale Oil & Gas
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EUROPE GAS-European Gas Prices ease after Recent Gains
The British and Dutch gas price fell on Wednesday morning, after having risen more than 5% from the beginning of the week.
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The rising tungsten price is a major concern for oil drillers.
U.S. shale drilling companies are paying higher prices for tungsten. This rare metal is used in industrial tools such as drill bits.
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Bloomberg News reports that Exxon is planning to return to Iraq in order to explore the Majnoon oilfield.
Bloomberg News, citing sources familiar with the situation, reported that Exxon Mobil may re-enter Iraq after nearly two…
LNG
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US Natural Gas Prices Rise as LNG Exports Increase
U.S. natural gas futures climbed about 2% on Monday on near-record flows to liquefied natural gas (LNG) export plants and…
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French LNG Supply Still Disrupted by Strike
Workers at French LNG terminals will continue to block ships from discharging until their salary demands are met, two representatives…
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US-Sanctioned Tanker Carries Fuel Along North Sea Route
A tanker under U.S.
Renewables
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Spot prices are affected by a combination of falling demand and increased supply
On Wednesday, a higher supply forecast led to a rise in the wholesale electricity prices across Europe. Demand is expected to decrease.
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Palm oil gains over 1% due to soyoil and crude oil strength
The price of Malaysian palm oil futures increased by more than 1% Wednesday, boosted by increases in crude oil and soyoil…
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Minister says Indonesia is on track to reach B50 biodiesel by 2026, reducing gasoil imports.
Indonesia will make B50 biodiesel, which is 50% palm oil based biofuel (B50), mandatory by 2026 to reduce gasoil imports.