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Local media report that China regulator will meet with solar industry to curb competition
Cailianshe, a local media outlet, reported Wednesday that China's market regulator would meet with solar industry representatives on Friday to discuss pricing compliance and the implementation of industry cost accounting standards. The report stated that the meeting was to curb what authorities described as irrational competitiveness in the sector.
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Glencore's copper production up 15% and sees $3.3 billion in marketing EBIT
Glencore announced 'on Wednesday that its first-half production of copper rose by a whopping 15% due to higher grades in key operations. Its'marketing unit, on the other hand, is expected to generate about $3?billion?in core adjusted earnings. This puts it on course to exceed its top end annual guidance.
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The Australian oil refinery's re-orientation will have to overcome several obstacles
The proposal by Australia to build its first oil refinery for 60 years is hampered by a lack of crude supplies, an uncertain fuel demand in the future, and a builder who has little experience refining. The Prime Minister Anthony Albanese, and the Resources Minister Madeleine King announced a pre-feasibility study worth A$4…
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Bunge's strong processing margins helped it beat second-quarter earnings estimates
Bunge raised its full-year profit forecast on Wednesday, after exceeding Wall Street expectations?for the second-quarter earnings. This was aided?by strong performance s in its soybean and softseeds processing businesses amid improved market conditions. Since the beginning of the Iran war, U.S. soybean and corn prices have increased sharply.
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Eni aims for rapid development of Venezuela's oilfield Junin 5.
Eni, an Italian energy group, is currently negotiating contracts for its oil and gas projects. The CEO of the company said that once investment resumes the Junin 5 Oilfield will be developed quickly. Venezuela is seen as an alternative to upstream activities in the Middle East, which has been devastated by war, after the U.S.
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Germany's Uniper signs 20-year LNG deal with Canada
The German state-controlled energy company Uniper finalised on Wednesday a 20-year deal to purchase liquefied?natural?gas from Canada…
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Sources: Energean and Carlyle are among the bidders for BP's gas assets offshore Egypt
Three sources familiar with the process say that Dragon Oil, Carlyle Group, 'Energean' and Artemis Energy will be among a…
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SABIC reports narrower quarter loss and revenue drops 18% due to disruptions in supply chains caused by the Iran War
Saudi chemicals giant SABIC reported on Wednesday a'sharply smaller second-quarter net loss, due mainly to the 'absence of…
Latest news
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Venezuela's rusted and ugly refineries will be difficult to restore
The Paraguana refinery in?Western Venezuela was once a symbol of the oil wealth of Venezuela and its ambition to convert…
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Palm oil gains from bargain-buying, and crude oil is on the rise
Malaysian palm oil futures rose Wednesday on the back of bargain-buying after two sessions in which they had lost money and a recovery in crude oil.
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French and Benelux stocks: Factors to watch
Here are some company news and stories that could impact the markets in France and Benelux or even individual stocks. ALTEN…
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New Zealand awards first offshore petroleum exploration permit after reversing ban
New Zealand's coalition centre-right government granted its first permit for petroleum exploration on Wednesday, reversing…
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Electricity prices rise in the US Midwest amid heatwave
The wholesale electricity price in the U.S. Midwest spiked to more than $500 a megawatt-hour on Tuesday as wind production?came…
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Expand Energy, a Natgas producer, beats expectations for the second quarter profit
Expand Energy, the U.S. natural gas producer, beat Wall Street's?estimates of a?second quarter profit? on Tuesday. U.S. producers…
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Bloomberg News reports that HF Sinclair has sued the EPA over delays in a decision on biofuel exemption.
Bloomberg News reported that HF Sinclair was suing the U.S. Environment Protection 'Agency, citing a suit filed by the refiner…
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Russell: The imports of thermal coal from Asia continue to rise, except in India
Asia increased thermal coal imports for the third consecutive month in July as major buyers like China, Japan and South Korea…
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Palm slips due to weaker crude and soyoil; robust Demand Limits Fall
Malaysian palm futures declined?for the second consecutive session on Tuesday,?pressured by lower crude oil and soyoil price…
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Sources say that India will import up to a quarter of its LPG from the US by 2027
Three sources familiar with the matter have confirmed that India intends to purchase up to one quarter of its liquefied gas…
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Prices for gas in Europe continue to fall after US and Iran pause their attacks
* ?U.S. *?U.S. ICE data revealed that the benchmark Dutch front-month contracts at the TTF 'hub were down EUR1.313 to EUR56.94/per…
Shale Oil & Gas
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Expand Energy, a Natgas producer, beats expectations for the second quarter profit
Expand Energy, the U.S. natural gas producer, beat Wall Street's?estimates of a?second quarter profit? on Tuesday. U.S. producers…
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Saipem lowers its forecast for 2026 due to additional Gulf costs and denting share prices
Saipem's 2026 core earning forecast was cut on Tuesday. The Italian oil and gas contractor saw its shares fall by more than…
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Sources say that India will import up to a quarter of its LPG from the US by 2027
Three sources familiar with the matter have confirmed that India intends to purchase up to one quarter of its liquefied gas…
LNG
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US LNG Tanker Completes First Direct Sail to China Since Tariff Dispute
A vessel carrying U.S. liquefied natural gas has sailed directly from the U.S. to China for the first time since trade tensions…
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Argent LNG, Naftogaz to Explore US LNG Supply
Argent LNG and Ukraine's state energy company Naftogaz Group have signed a memorandum of understanding to explore long-term U.S.
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Australian Inpex Workers Set Industry Precedent With New Pay Deal
Workers at Inpex's Ichthys liquefied natural gas plant in Darwin have overwhelmingly backed a new pay deal that unions hope…
Renewables
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Electricity prices rise in the US Midwest amid heatwave
The wholesale electricity price in the U.S. Midwest spiked to more than $500 a megawatt-hour on Tuesday as wind production?came…
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Bloomberg News reports that HF Sinclair has sued the EPA over delays in a decision on biofuel exemption.
Bloomberg News reported that HF Sinclair was suing the U.S. Environment Protection 'Agency, citing a suit filed by the refiner…
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Russell: The imports of thermal coal from Asia continue to rise, except in India
Asia increased thermal coal imports for the third consecutive month in July as major buyers like China, Japan and South Korea…
