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Italy to Receive LNG From US Golden Pass Facility Starting June
Italy will begin receiving liquefied natural gas (LNG) from the Golden Pass LNG facility in the United States, a joint venture between QatarEnergy and Exxon Mobil, from June, two sources familiar with the matter told Reuters.The LNG tankers from the United States will help Italy plug…
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Novatek Establishes Company to Build Vessels, Floating Facilities Amid Global Tanker Shortage
Russia's largest producer of liquefied natural gas Novatek has set up a company to build its own vessels and floating facilities, according to the state's registry of authorised companies, amid a shortage of gas tankers due to sanctions.Ilya Lushchikov, who is also head of Novatek's Murmansk LNG project, is in charge of the new company, called Seve
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QatarEnergy Prepares to Restart LNG Production
QatarEnergy is preparing to restart liquefied natural gas (LNG) production, two sources with knowledge of the matter told Reuters on Wednesday.In March, QatarEnergy halted production of LNG and associated products due to military attacks on facilities in Ras Laffan and Mesaieed.The…
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Middle East Conflict Restricts Supply for European LNG Stock Refill
The escalating conflict in the Middle East due to the U.S.-Israeli war with Iran is tightening global liquefied natural gas (LNG) availability and constraining Europe's ability to refill storages which depleted to their lowest since 2022 over the summer, the European Network of Transmission System Operators for Gas (Entsog) said on Thursday.The con
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Urals Oil Prices at Russian Ports Rise Amidst Cheaper Freight Costs
The discount for Russian Urals oil on a FOB basis for cargoes loading from the Baltic port of Primorsk in April narrowed to $15-$17 per barrel versus dated Brent from about $24-$27 per barrel in the second half of March, as falling freight rates reduced costs for Russian sellers,…
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China restricts solar manufacturing equipment exports to the US
Five people familiar with the discussions said that Chinese officials had held preliminary talks with suppliers of equipment…
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First time, Russian LNG is heading to India under US sanctions
LSEG shipping data on Wednesday showed that a cargo of liquefied gas from Russia’s?Portovaya?plant on the Baltic Sea, which is subject to U.S.
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Growers predict that the French maize crop could fall by 10 to 15% this year.
AGPM, a group of growers, said that rising costs for fertilisers and energy could cause a drop in the area planted with grain maize by 10% to 15%.
Latest news
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Rystad estimates that Middle East war damages to energy assets could cost as much as $58 billion.
According to Rystad Energy, the Middle East conflict may cost up to $58 billion to repair energy-related infrastructure.
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CEO of Energean Energy hopes to make a major discovery in the western Greek waters
Energean, an oil and gas producer in Greece, will be aiming for a large discovery of hydrocarbons near western Greece. The…
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NOV, a provider of oilfield services, says Middle East disruptions will impact the first quarter.
NOV announced on Wednesday that its first-quarter revenues?and earnings would be below its previous outlook due to delays…
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Bank of America exceeded profit expectations as trading and investment banking shine
Bank of America exceeded expectations for the first-quarter profit as increased market volatility drove revenue from equity trading to a record…
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EU warns that Iran war will prolonge energy shock and force forced cuts
EU diplomats warned on Wednesday that if the Iran conflict continues, energy markets would face a 'prolonged supply shock…
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Palm oil settles higher, despite disappointing biodiesel goals and weaker competitors oils
Malaysian palm futures'reversed their course and settled slightly higher?on Wednesday. They did so despite a slower than…
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Swedish government: pro-Russian group to target Swedish power plant in 2025
The Swedish government announced?on?Wednesday that a pro-Russian cyber gang tried to disrupt operations at a Swedish thermal power plant last year.
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Eni's Vaar Energi plans a boost in oil production from Arctic Goliat
Vaar Energi, a subsidiary of Italy's Eni and a Norwegian company, announced on Wednesday that it plans to increase crude…
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Data shows that Russia has delivered a second LNG cargo to China after the sanctions.
LSEG data revealed that Russian energy giant Gazprom delivered a second LNG cargo to China after the sanctions were lifted.
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China restricts solar manufacturing equipment exports to the US
Five people familiar with the consultations said that Chinese officials had held preliminary?talks? with suppliers of equipment…
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Palm oil slips as Malaysia's biodiesel targets fail to meet expectations; rival oils are weaker
The price of Malaysian palm oils futures fell?on Wednesday due to the slower than expected expansion of the country’s 'biodiesel…
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Back to square one for ROI? Mike Dolan: Markets predict the end of the Iran war.
The International Monetary Fund and global investors seem to agree that the Iran War is over, barring the shouting. Energy?markets are less certain…
Shale Oil & Gas
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Back to square one for ROI? Mike Dolan: Markets predict the end of the Iran war.
The International Monetary Fund and global investors seem to agree that the Iran War is over, barring the shouting. Energy?markets are less certain…
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French and Benelux stocks: Factors to watch Wednesday
Here are some company news and stories that could impact the markets in France or Benelux. France's Finance Ministry has…
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Suelopetrol claims it was not notified about Chevron’s expansion in the Venezuela joint venture
The international 'arm' of Venezuelan oil company Suelopetrol announced on Tuesday that it had not received any notice or resolution authorizing U.S.
LNG
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QatarEnergy Prepares to Restart LNG Production
QatarEnergy is preparing to restart liquefied natural gas (LNG) production, two sources with knowledge of the matter told…
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Novatek Establishes Company to Build Vessels, Floating Facilities Amid Global Tanker Shortage
Russia's largest producer of liquefied natural gas Novatek has set up a company to build its own vessels and floating facilities, according to the sta
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Italy to Receive LNG From US Golden Pass Facility Starting June
Italy will begin receiving liquefied natural gas (LNG) from the Golden Pass LNG facility in the United States, a joint venture…
Renewables
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Palm oil slips as Malaysia's biodiesel targets fail to meet expectations; rival oils are weaker
The price of Malaysian palm oils futures fell?on Wednesday due to the slower than expected expansion of the country’s 'biodiesel…
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India's green energy plans clash with farmers' fears about water
India, which imports 80 percent of its oil and natural gas, has made ethanol a central part of its clean energy plans. Delhi…
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Draft shows that the EU's plan to reduce electricity taxes and move away from fossil fuels faster is a result of war.
A draft document revealed that the European Union intends to lower electricity taxes and accelerate the expansion of clean…
