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Bangladesh Seeks US LNG Amidst Global Supply Disruptions
Bangladesh is turning to the United States for a long-term liquefied natural gas supply deal as it seeks to shore up energy supplies amid disruptions in global gas markets caused by the U.S.-Israeli conflict with Iran.The government on Wednesday approved the purchase of 117 LNG cargoes…
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VEGOILS-Malaysian palm oil rises, tracking Dalian
Malaysian palm oils futures rose Thursday after reversing their losses at midday, following the Dalian exchange's rival edible oils, as the market awaited more catalysts. The benchmark palm oil contract for October delivery on the Bursa Malaysia derivatives exchange gained 27 ringgit or 0.57% to 4,724 Ringgit ($1,156.43).
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SMA Solar: EU restrictions on Chinese solar inverters will boost European suppliers
The European Union's ban on public funding for utility-scale inverters made by "high-risk countries" is set to shift the market toward European suppliers, according to?SMA Solar?s chief executive?on Thursday. The European Union's 27-country bloc imposed the ban on May 1, primarily affecting Chinese products.
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Urenco CEO: EU's unclear position on Russian nuclear fuel is holding back investment
Urenco CEO says that uncertainty over the European Union's decision to ban Russian nuclear fuel has slowed investment in the uranium industry of 'Europe.' The bloc is yet to make a final ruling on the issue despite its pledge to reduce dependence on Russian energy. The EU has not imposed any import restrictions or bans on Russian nuclear fuel…
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BP awarded license for Venezuela Loran gas fields in partnership with XRG and UCC
BP has, in partnership with United Arab Emirates firm XRG, and a unit from Qatar's conglomerate UCC Holding secured a licence to explore and develop Venezuela's offshore Loran field's second phase, according to the British company's and government officials' announcements on Thursday.The agreement was signed in Caracas…
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Governor says drone attacks cause fires at the Russian energy export port Ust-Luga
On Friday, firefighter battled a blaze at Russia's Baltic Sea port Ust-Luga - a major hub for energy exports - after a fire…
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Palm oil drops as crude oil and Dalian palm oil weigh
Malaysian palm oil futures dropped for the second session in a row?on Thursday. Dalian's palmolein prices and crude oil prices weighed on the market…
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Japan protests when Putin visits the islands claimed by Japan for the first time
Russian media reported that Russian President Vladimir Putin had visited Iturup. It is a Japanese-claimed island near Hokkaido at the end Kuril chain.
Latest news
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Australia commits $1.76 billion to keep Rio Tinto aluminium smelter open
Australia announced on Thursday that it will provide a?A$2.5billion ($1,76billion) to keep Rio Tinto's Tomago aluminum smelter…
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Origin Energy, Australia's energy company, beats its annual profit expectations on the energy market gains
Australia's?Origin Energy reported a?full year underlying profit on Thursday that was slightly above analysts' expectations.
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US farmers harvest the second largest corn crop in history despite lower yields
The U.S. Department of Agriculture announced on Wednesday that farmers in the United States will harvest their?second-largest?corn…
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Australia commits $1.76 billion to keep Rio Tinto aluminium smelter open
Australia announced on Thursday that it would be providing A$2.5 billion (1.76 billion dollars) to help Rio Tinto keep its?Tomago…
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US offers 81 million acres of Gulf of Mexico oil leases
The Trump Administration will on Wednesday offer oil and gas drilling companies more than 81 million acres (32,8 million hectares)…
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Profit taking as Dalian oil and palm oil fall in value.
Malaysian palm oils futures declined on Wednesday, after two consecutive sessions of gains. This was due to a weaker Dalian…
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Bank of America pledges 250 billion dollars for US infrastructure financing
Bank of America said Wednesday that it will 'deploy $250 billion by July 2027 for U.S. infrastructure and digital projects.
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South Korea announces its future technology projects and targets a moon landing by 2030
South Korea unveiled a 'ambitious' technology strategy on Wednesday, centered on seven projects ranging from quantum computing…
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Hormuz shipping falls to a one-week low amid hostilities
Shipping 'data' showed that the number of vessels in the Strait of Hormuz fell to an all-time low of eight on Tuesday as…
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Uniper CEO predicts higher gas prices while Strait of Hormuz is closed
Uniper, Germany's largest gas importer, said that it expects the price of a megawatt-hour of gas to stay at EUR50 to EUR60…
Shale Oil & Gas
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US offers 81 million acres of Gulf of Mexico oil leases
The Trump Administration will on Wednesday offer oil and gas drilling companies more than 81 million acres (32,8 million hectares)…
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Bank of America pledges 250 billion dollars for US infrastructure financing
Bank of America said Wednesday that it will 'deploy $250 billion by July 2027 for U.S. infrastructure and digital projects.
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Hormuz shipping falls to a one-week low amid hostilities
Shipping 'data' showed that the number of vessels in the Strait of Hormuz fell to an all-time low of eight on Tuesday as…
LNG
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Egypt Looks to Sign Multi-Year LNG Supply Deal
Egypt is in talks with energy majors including Shell, TotalEnergies and BP to buy 15 to 18 cargoes of liquefied natural gas…
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US LNG Tanker Completes First Direct Sail to China Since Tariff Dispute
A vessel carrying U.S. liquefied natural gas has sailed directly from the U.S. to China for the first time since trade tensions…
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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.
Renewables
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Profit taking as Dalian oil and palm oil fall in value.
Malaysian palm oils futures declined on Wednesday, after two consecutive sessions of gains. This was due to a weaker Dalian…
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South Korea announces its future technology projects and targets a moon landing by 2030
South Korea unveiled a 'ambitious' technology strategy on Wednesday, centered on seven projects ranging from quantum computing…
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Palm oil prices slip on profit-taking and Dalian weakness
Malaysian palm oil futures declined on Wednesday, after two consecutive sessions of gains. Prices were impacted by weaker…
