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Palm oil drops as rival edible oils retreat, vegoils
Malaysian palm oil futures declined for a 2nd session on Wednesday, following the losses of competing edible oils in the Chicago and Dalian exchanges. At closing, the benchmark?palm oi oil contract on Bursa Malaysia's Derivatives exchange was down 26 Ringgit (0.56%) at $4,632 Ringgit ($1,120.19).
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Russell: China, Japan and South Korea are the main buyers of thermal coal in Asia.
Asia's seaborne thermal coal imports are on the rise as China increases purchases to compensate for a soft domestic production and Japan and South Korea look for energy security in the aftermath of the?U.S. and Israeli war against Iran. According to commodity analysts Kpler, imports…
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Trump calls the UK's next expected PM 'extremely Liberal'
U.S. president Donald Trump said that he knew 'little' about Andy Burnham who is expected to be the next British prime minister. He described him as "mayor of "a town", "extremely Liberal" and someone 'who wouldn't likely open up the North Sea for more oil drilling. In remarks late on Wednesday the U.S.
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EDP claims independent board protects it from scrutiny regarding Chinese stake
EDP, Portugal's largest utility, is protected from increased scrutiny of Chinese investments in Europe and the United States by its independent board, according to its CEO. Miguel Stilwell de Andrade, EDP's CEO, said that EDP "has managed to find the right equilibrium" between shareholder participation and operational autonomy.
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OPEC Oil Producer Group Membership Timeline
Sources told Reuters on Thursday that Iraq had considered leaving the Organization of Petroleum Exporting Countries (OPEC) if it's?oil output quota was not increased. This comes weeks after the United Arab Emirates left the organization. Since late 2016, OPEC and Russia have worked together to manage the oil market through quotas.
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Firefighters say that the Petrochemical Complex in Venezuela has restarted following the earthquake.
The local chief of fire fighters said that the?Moron Petrochemical Complex in Venezuela, the second largest in the country…
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Swedish minister presents baby at EU meeting - a first in the bloc
On Thursday, as EU ministers were gathered to discuss climate change policies for an entire day, they were surprised by the…
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Russell: China, Japan and South Korea are the main buyers of thermal coal in Asia.
Asia's seaborne thermal coal imports are rebounding, as China increases purchases to compensate for a soft domestic production…
Latest news
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Palm oil continues to lose money on the weaker crude and rival edible oils
Malaysian palm oil futures extended their losses for a third consecutive day on Thursday. This was due to the decline in…
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EUROPE GAS - European prices flat as market monitors US - Iran peace talks
The market was waiting for further developments in the Strait of Hormuz. ICE data shows that the benchmark Dutch 'front-month…
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BP signs a concession agreement with ADNOC and partners for Bab Gas Cap Project
BP announced on Thursday that it had'signed a concession -agreement' with ADNOC and partners for the development of the Bab…
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Vaar Energi to invest $1.4 billion in 3 oil and gas discoveries offshore Norway
Vaar Energi, together with its partners, will invest approximately 14?billion crowns (1.42 billion dollars) in order to develop…
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Palm oil continues to lose money on weaker crude and rival edible oils
Malaysian palm oil futures continued to fall on Thursday. They were impacted by a decline in the price of crude oil and other vegetable oils.
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McGeever: Oil slide reduces dollar's inflationary bite
The rest of the world waits with bated breath for the inevitable bout of inflation imported from the United States. However…
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US oil prices fall briefly below $70 as stocks at storage hubs dwindle
The resurgence of tanker traffic through the Strait of Hormuz has pushed U.S. The price of crude oil briefly fell below $70 a barrel on Wednesday…
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The White House of Trump asks Congress for approval to sell E15 year-round
The White House of President Donald Trump asked Congress to pass a bill on Wednesday allowing gasoline with higher ethanol levels all year round.
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US and Qatar urge EU to amend methane regulations, warning of supply risks
The U.S. and Qatar, two major energy exporters, urged the European Union on Wednesday to revise planned methane emission?rules?
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Executive says TotalEnergies will begin drilling in Suriname in the next year
The vice president of exploration for the Americas at TotalEnergies, a French energy producer, said that the company expects…
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Heatwave in Europe shuts down French nuclear plants
The heatwave that has swept across western Europe on Wednesday reduced France's nuclear production as the high temperatures…
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EU requires air conditioning installers to inform buyers of their energy efficiency
Under a law that was proposed by the European Union on Wednesday, installers of air conditioning units will have to "tell"…
Shale Oil & Gas
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US oil prices fall briefly below $70 as stocks at storage hubs dwindle
The resurgence of tanker traffic through the Strait of Hormuz has pushed U.S. The price of crude oil briefly fell below $70 a barrel on Wednesday…
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US and Qatar urge EU to amend methane regulations, warning of supply risks
The U.S. and Qatar, two major energy exporters, urged the European Union on Wednesday to revise planned methane emission?rules?
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Executive says TotalEnergies will begin drilling in Suriname in the next year
The vice president of exploration for the Americas at TotalEnergies, a French energy producer, said that the company expects…
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…
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TotalEnergies Remains Silent as Russia Approves Sale of Arctic LNG 2 Stake
Russian President Vladimir Putin has approved the sale of a 10% stake in the sanctioned Arctic LNG 2 project held by France's…
Renewables
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The White House of Trump asks Congress for approval to sell E15 year-round
The White House of President Donald Trump asked Congress to pass a bill on Wednesday allowing gasoline with higher ethanol levels all year round.
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EU requires air conditioning installers to inform buyers of their energy efficiency
Under a law that was proposed by the European Union on Wednesday, installers of air conditioning units will have to "tell"…
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EUROPE GAS - European gas prices remain stable despite signs of tanker movements in the Strait of Hormuz
The Dutch and British gas prices were stable on Wednesday morning, as more tankers began to pass through the Strait of Hormuz.
