World Energy News

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 series of drone attacks by Ukraine on oil refineries that caused shortages and price spikes. As Ukrainian strikes against?Russian energy supplies intensify, drivers in many regions face long lines for fuel.
Meta builds its first data center in Canada, a 13 billion C$ data center in Alberta

The tech giant Meta announced on Wednesday that it would build its first data center in Canada in central Alberta. Meta announced that the 1-gigawatt facility will be built in Sturgeon County, and represent a total investment amounting to C$13 billion or $9.17billion. Meta is doubling…
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).
US Natural Gas Prices Drop to Six Week Low

U.S. natural gas futures fell about 4% to a six-week low on Thursday on expectations gas flows to liquefied natural gas (LNG) export plants will remain low through late August due to planned maintenance at Freeport LNG's plant in Texas, and after the release of a federal report showing…
Turkey, Iraq Extend Oil Pipeline Agreement

Turkey and Iraq are set to sign, within days, a one-year agreement to keep open the crude oil pipeline between the two countries, Turkish Energy Minister Alparslan Bayraktar said on Thursday.Their decades-old pipeline agreement, which governs exports through the pipeline, is due to…

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Shale Oil & Gas

Meta builds its first data center in Canada, a 13 billion C$ data center in Alberta

The tech giant Meta announced on Wednesday that it would build its first data center in Canada in central Alberta. Meta announced that the 1-gigawatt facility will be built in Sturgeon County, and represent a total investment amounting to C$13 billion or $9.17billion. Meta is doubling down on AI and has pledged hundreds of billions to build large AI-based data centers in the U.S. The announcement in?Alberta marks the company's global 33rd data centre.

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…

Renewables

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. Paramalingam Supramaniam is the director of brokerage Pelindung Bestari.

After targeted drone attacks in Ukraine, Russia bans the export of diesel to ensure domestic supplies

Meta builds its first data center in Canada, a 13 billion C$ data center in Alberta

Palm slips as Indonesia Biodiesel Allocation Uncertainty Continues

US Natural Gas Prices Drop to Six Week Low

Turkey, Iraq Extend Oil Pipeline Agreement

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

BP CEO: Company must tighten its spending and maintain financial discipline

Latest news

First LNG cargo ships from TotalEnergies Mexico's Energia Costa Azul

Industry warns that EU restrictions on Chinese components could halt the rollout of renewables in developing countries.

OMV expects energy prices to rise in order to offset the conflict impact

Chinese tech companies, from Apple suppliers, to OpenAI competitors, raise $17 Billion in Hong Kong

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

Meta builds its first data center in Canada, a 13 billion C$ data center in Alberta

Big Tech joins Calgary Stampede as Canada court data centers

After Trump's 'over' declaration, the US military has announced that it will be launching new strikes against Iran.

EU to charge for emissions from waste incineration

India battery storage prices are rising due to higher costs.

Palm oil up more than 1% and reaches a 2-week high due to rival oil, crude strength

Sinopec signss engineering contract for Central Asia's largest integrated biojet-fuel complex

Shale Oil & Gas

Meta builds its first data center in Canada, a 13 billion C$ data center in Alberta

Big Tech joins Calgary Stampede as Canada court data centers

After Trump's 'over' declaration, the US military has announced that it will be launching new strikes against Iran.

After targeted drone attacks in Ukraine, Russia bans the export of diesel to ensure domestic supplies

LNG

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

QatarEnergy Plans to Restart LNG Output

Sempra Begins LNG Production at Mexican Site

Renewables

Palm oil rises against stronger competitors, crude oil

EU to charge for emissions from waste incineration

India battery storage prices are rising due to higher costs.

Palm oil up more than 1% and reaches a 2-week high due to rival oil, crude strength

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