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US EIA: Global oil production to return to pre Iran war levels by the end of this year
The U.S. Energy Information Administration stated on Tuesday that global oil production?and?trade flows will fully recover by the end this year after the disruptions caused due to the Iran War. The EIA reported that the global benchmark Brent crude oil price will average $74 per barrel on the spot market in the third quarter this year.
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Exxon announces Q2 profit surge as oil prices rise.
Exxon Mobil, the U.S. oil major, said on Tuesday that it expects its second-quarter earnings to increase by about $5 billion compared to the prior quarter. This is because the price of oil spiked due the U.S. - Israel war against Iran. The company's margins for refining also improved.
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French and Benelux stocks: Factors to watch for on July 8,
Here are some company news and stories from France and Benelux that could have an impact on the?region's markets or a specific stock. The 'European'?planemaker, and German engine manufacturer MTU Aero Engines, plan to create a joint-venture in 2027 for the development and sale of a fully-electric hydrogen fuel cell?engine.
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Palm oil rises against stronger competitors, crude oil
Malaysian palm futures rose on Wednesday as they 'tracked gains in rival edible oil and crude oil prices rose due to fresh U.S. Iran tensions. By midday, the benchmark palm oil contract on the Bursa Derivatives exchange for September delivery had gained 21 ringgit or 0.46% to 4,568?ringgit ($1,122.36). The contract fell 0.07% Tuesday.
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Chevron offers its chemical technology to rival drillers in order to boost shale-oil output
Chevron said it would allow rival oil companies to purchase a chemical technology that was developed by the company to increase production from shale oil wells. This is part of a larger push to increase U.S.?oil?output. The move comes at a time when the U.S. Shale industry, which…
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EU to charge for emissions from waste incineration
EU officials said that waste incineration plants will be required to pay for their carbon dioxide emissions as part of the…
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After targeted drone attacks in Ukraine, Russia bans the export of diesel to ensure domestic supplies
Russia has banned diesel exports as part of its raft of measures designed to support the domestic market. This follows a…
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India battery storage prices are rising due to higher costs.
Developers and lenders at an industry event on Wednesday said that they expect battery storage tariffs to increase in India…
Latest news
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Ivanhoe expects Congo copper production to rise in the second half of 2026, a statement from Ivanhoe shows
Ivanhoe Mines announced on Wednesday that copper production at its flagship Kamoa - Kakula complex, in the Democratic Republic of Congo…
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Palm oil up more than 1% and reaches a 2-week high due to rival oil, crude strength
Malaysian palm futures rose more than 1% Wednesday, reaching a new two-week high. Stronger rival edible oils supported?the?market…
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Big Tech joins Calgary Stampede as Canada courts data centers
Big Tech joined the party at the Calgary Stampede, an indication of the growing interest of hyperscalers based in the U.S.
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US stock futures fall as Trump declares the Iran deal 'over'. Oil climbs
U.S. Stock Index?futures fell sharply on Wednesday.?Nasdaq Futures reached a four-week high after President Donald Trump…
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Sinopec signss engineering contract for Central Asia's largest integrated biojet-fuel complex
Sinopec's subsidiary in Central Asia has signed a contract to design the region's first fully integrated, large-scale sustainable…
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Vietnam plans to build more coal-fired power plants, as the Iran War complicates LNG plans
The government of Vietnam said that it is looking at building more coal-fired power plants to meet its energy needs. This…
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EIA: US power consumption will surpass previous records in 2026 and '27, as AI usage surges.
?U.S. The Energy Information Administration's (EIA) Short-Term Energy Outlook, published on Tuesday, said that the power…
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US EIA: Global oil production to return to pre Iran war levels by the end of this year
The?U.S. Energy Information Administration says that global oil production and trade flows will?rebound completely by the…
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Draft shows that the EU's largest political group wants to reduce carbon market burden for industry
According to a draft of a position paper, the European Parliament's largest political group wants to reduce pressure on companies…
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El Nino is worried about the counter-firm ringgit as well as palm oil.
The price of Malaysian palm oils futures was little changed on the following session after rising in the prior session. This…
Shale Oil & Gas
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US EIA: Global oil production to return to pre Iran war levels by the end of this year
The U.S. Energy Information Administration stated on Tuesday that global oil production?and?trade flows will fully recover…
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EIA: US power consumption will surpass previous records in 2026 and '27, as AI usage surges.
?U.S. The Energy Information Administration's (EIA) Short-Term Energy Outlook, published on Tuesday, said that the power…
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EIA: US natgas production and demand will reach record highs by 2026
The U.S. Energy Information Administration said in its "Short-Term Energy Outlook" on Tuesday that the U.S. Natural Gas Supply…
LNG
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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…
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Sempra Begins LNG Production at Mexican Site
Sempra Infrastructure, a subsidiary of U.S. electric and gas utility Sempra, said its ECA LNG Phase 1 project has begun producing…
Renewables
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Draft shows that the EU's largest political group wants to reduce carbon market burden for industry
According to a draft of a position paper, the European Parliament's largest political group wants to reduce pressure on companies…
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El Nino is worried about the counter-firm ringgit as well as palm oil.
The price of Malaysian palm oils futures was little changed on the following session after rising in the prior session. This…
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VEGOILS - Palm oil drops to a near 3-week low and suffers a second weekly loss
Malaysian palm oil futures fell?to an almost three-week low Friday amid expectations of rising production and increasing?stockpiles.
