World Energy News

Turkmenistan produced 39.1 Billion Cubic Meters of Gas in the first half

Turkmenistan has produced 39.1 billion cubic metres of natural gas in the first half of 2026. This is up from 38.9 billion cubic metres for the same period last year, according to Altyn Asyr, a state-run TV channel, which cited government data. Turkmenistan, the country with the fourth largest natural gas reserves in world…
Iran declares Strait of Hormuz shut as 'unauthorised vessel' hit

Iran said on Sunday that it had closed the Strait of Hormuz following a vessel's unapproved travel route. It warned any retaliation for the incident would receive a "severe reaction." The Islamic Revolutionary Guard Corps of Iran, the Navy's Islamic wing, said that a vessel had compromised maritime security by turning off its systems.
Palm oil outperforms rival Chicago soyoil and crude

Malaysian palm oil futures rose Monday, following the stronger soyoil on the Chicago market. A jump in crude prices was also supportive. By midday, the benchmark palm 'oil 'contract for September delivery at the Bursa Derivatives exchange was up 28 ringgit or 0.62% to 4,541 Ringgit ($1,113.54) per metric ton.
President warns that heavy-handed revenue enforcement is a danger to the Congo mining industry

Cabinet minutes show that Congolese president Felix Tshisekedi ordered the state revenue agencies to refrain heavy-handed enforcement operations against mining firms, warning 'that excessive measures could dent investors confidence. Tshisekedi’s order reflects Democratic Republic…
Aditya Birla Renewables, an Indian company, will purchase Sprng Energy (formerly Shell)

The companies announced on Monday that Grasim 'Industries' renewables division will purchase Sprng Energy, a British oil'major', from Shell for $1.8 billion including 'debt'. This is one of India's biggest clean energy acquisitions. Grasim, India's flagship company, Aditya Birla Group…

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Shale Oil & Gas

Sources say that the EU will be investigating Subsea 7 and Saipem's deal.

People with direct knowledge said that the?merger of Italian energy contractor Saipem with Norwegian counterpart Subsea 7 will?face a full-scale EU antitrust investigation due to?competition issues about the deal. In February of last year, the companies announced a deal to create a global leader in offshore energy services. This includes drilling and engineering as well as subsea infrastructure installation for offshore oil and gas projects. Both companies operate a fleet for these services.

LNG

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, according to a letter seen by Reuters on Thursday."The ban prohibits companies to trade/market Russian LNG to third countries as it is not relevant whether the Russian LNG is destined for the EU or not," said the letter dated June 1 from the office of EU Energy Commissioner Dan Jorgensen…

QatarEnergy Plans to Restart LNG Output

QatarEnergy is ready to resume liquefied natural gas production at its Ras Laffan LNG plant very quickly and could reach…

Renewables

Palm slips as Indonesia Biodiesel Allocation Uncertainty Continues

Malaysian palm oil futures declined on Thursday as the market was pressured by the uncertainty surrounding Indonesia's biodiesel allocation mandate. The benchmark 'palm oil contract' for a September delivery on Bursa Malaysia derivatives Exchange fell 15 ringgit or 0.33% to 4,594 Ringgit ($1,127.64). Anilkumar bagani, head of commodity research at Mumbai-based Sunvin Group, stated that the lack of…

Turkmenistan produced 39.1 Billion Cubic Meters of Gas in the first half

Iran declares Strait of Hormuz shut as 'unauthorised vessel' hit

Palm oil outperforms rival Chicago soyoil and crude

President warns that heavy-handed revenue enforcement is a danger to the Congo mining industry

Aditya Birla Renewables, an Indian company, will purchase Sprng Energy (formerly Shell)

Blackstone's group gives $5.34 billion to Williams for its power push

Russell: Asia's LNG imports are recovering, bringing cargoes to Europe in need.

Palm oil strengthens on Chicago soyoil, but crude gains.

Latest news

Joint Strike Missiles are the main reason for Kongsberg's jump in the second quarter.

Russell: Asia's LNG imports are recovering, bringing cargoes to Europe in need.

Data shows that Europe experienced 10,000 deaths in excess during the late June heatwave.

Baker Hughes reports that US energy companies have added rigs to their fleets for the fourth consecutive week.

The head of the IEA urges EU to reconsider its opposition to new Arctic oil exploration

Trump said that the US had agreed to Iran's request for continued talks but that ceasefire has ended

VEGOILS - Palm slips over 1% due to bearish MPOB data but still posts weekly gains

Palm falls on Dalian

Scientists in the EU say that June was the hottest on record for Western Europe.

Biodiesel is a popular alternative fuel in Indonesia due to rising oil prices

Shale Oil & Gas

Sources say that the EU will be investigating Subsea 7 and Saipem's deal.

The head of the IEA urges EU to reconsider its opposition to new Arctic oil exploration

Trump said that the US had agreed to Iran's request for continued talks but that ceasefire has ended

Five charts to summarize the financial week: KVol, electric shocks and ROI-Crude shrug

LNG

EU Commission clarifies all Russian LNG trade is banned from 2027 for EU operators

QatarEnergy Plans to Restart LNG Output

Renewables

Palm slips as Indonesia Biodiesel Allocation Uncertainty Continues

VEGOILS - Palm slips over 1% due to bearish MPOB data but still posts weekly gains

Palm falls on Dalian

Scientists in the EU say that June was the hottest on record for Western Europe.

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