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Five charts to summarize the financial week: KVol, electric shocks and ROI-Crude shrug
Open Interest (ROI), every Friday, distills the previous five days' financial activity into five charts that highlight the "major trends" and "surprises", as well as the "overlooked moves" and the "surprises". 1. CRUDE SHRUGS RON BOUSSO ROI - Energy Columnist: Oil Prices jumped this…
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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.
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Prices for Iranian Oil Stranded at Sea Surge
Iranian oil supplies at sea are rising after Tehran ramped up exports during the interim peace deal with the United States, but sales have been slow as China's independent refiners have turned to cheaper crude from Iraq, the UAE and Qatar.The return of U.S. sanctions this week risks…
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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…
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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.
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Baker Hughes reports that US energy companies have added rigs to their fleets for the fourth consecutive week.
Baker Hughes, a leading energy services company, said that U.S. firms added rigs this week for the fourth consecutive week…
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The head of the IEA urges EU to reconsider its opposition to new Arctic oil exploration
The head of International Energy Agency, urging the EU to reconsider its opposition to oil and gas exploration in the Arctic…
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Trump said that the US had agreed to Iran's request for continued talks but that ceasefire has ended
The US President Donald Trump said that on Friday, Iran asked the US to continue talks and they had agreed. The US had agreed to the ceasefire…
Latest news
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The Greek PM announced a deal to reduce fuel prices during the summer
Kyriakos Mistiakos, Greek Prime Minister said on Friday that the cost of gasoline and diesel for consumers will fall this…
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Bunge will supply soy oil to Acelen Brazil's sustainable aviation fuel project
Executives from both companies confirmed that Acelen Renovaveis - an energy company backed by Abu Dhabi’s Mubadala Capital…
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VEGOILS - Palm slips over 1% due to bearish MPOB data but still posts weekly gains
Malaysian palm futures fell?more? than 1% Friday, as industry data revealed that the stocks had risen to a four-month high in June.
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ReElement, a startup company that produces rare earths, no longer seeks $80 million in Pentagon loans. Administration sources confirm this.
Two administration officials said that the startup ReElement Technologies, which produces rare earths, has ceased to seek an $80m Pentagon loan.
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Palm falls on Dalian
The market is awaiting the release of key data by the Malaysian Palm Oil Board. The benchmark palm oil contract for September…
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CFTC blocks CME's plan to offer 24/7 trading in crude oil futures
The U.S. Commodity Futures Trading Commission said 'on Thursday that it would use 'its authority to stay listing of a contract…
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Scientists in the EU say that June was the hottest on record for Western Europe.
Scientists from the EU confirmed on Thursday that Western Europe had just experienced the warmest June ever recorded. An…
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Biodiesel is a popular alternative fuel in Indonesia due to rising oil prices
Indonesian motorists are upgrading their vehicles to run on biodiesel, which is subsidised by Jakarta. This is due to the…
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BP CEO: Company must tighten its spending and maintain financial discipline
Meg O'Neill, BP's CEO, said that the British energy giant must prioritise its financial discipline, by simplifying their portfolio…
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First LNG cargo ships from TotalEnergies Mexico's Energia Costa Azul
PARIS, 'July 9,' - French oil giant TotalEnergies reportedly shipped the first liquefied gas cargo to Asia from a?plant called…
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Industry warns that EU restrictions on Chinese components could halt the rollout of renewables in developing countries.
Companies and investors have warned that a ban on EU funding of Chinese-made inverters, a key component for clean energy projects…
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OMV expects energy prices to rise in order to offset the conflict impact
Austrian oil-and-gas group OMV stated?on Thursday that it expects higher energy prices to offset the impact of the Middle…
Shale Oil & Gas
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CFTC blocks CME's plan to offer 24/7 trading in crude oil futures
The U.S. Commodity Futures Trading Commission said 'on Thursday that it would use 'its authority to stay listing of a contract…
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BP CEO: Company must tighten its spending and maintain financial discipline
Meg O'Neill, BP's CEO, said that the British energy giant must prioritise its financial discipline, by simplifying their portfolio…
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First LNG cargo ships from TotalEnergies Mexico's Energia Costa Azul
PARIS, 'July 9,' - French oil giant TotalEnergies reportedly shipped the first liquefied gas cargo to Asia from a?plant called…
LNG
Renewables
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Palm falls on Dalian
The market is awaiting the release of key data by the Malaysian Palm Oil Board. The benchmark palm oil contract for September…
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Scientists in the EU say that June was the hottest on record for Western Europe.
Scientists from the EU confirmed on Thursday that Western Europe had just experienced the warmest June ever recorded. An…
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Biodiesel is a popular alternative fuel in Indonesia due to rising oil prices
Indonesian motorists are upgrading their vehicles to run on biodiesel, which is subsidised by Jakarta. This is due to the…
