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India's solar drive idles factories that are unable to break reliance on China
Industry sources claim that Indian solar panel makers are forced to close factories because they have to wait up to 8 months for domestic components to replace Chinese imports. This is due to the government's push to boost domestic manufacturing. Manufacturers and analysts have said…
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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 on individual stocks. Alstom: French rail?maker Alstom announced a 37% decline in Q1 orders to EUR 2.56 billion. This was due to a sharp drop in European bookings. Q1 sales were EUR 4.73 billion. The company also confirmed its outlook for FY 2026/27.
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Palm gains from El Nino risk, biodiesel prospects
The price of Malaysian palm oil futures rose on Thursday as traders factored in multiple factors, including El Nino risk, increased demand for biodiesel, and the Middle East conflict. The benchmark palm oil contract on the Bursa Derivatives exchange for October delivery gained 82 Ringgit or 1.77% to 4…
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TotalEnergies CEO: Arctic LNG 2 plant to be closed in Russia
* CEO: 'It is in the company's best interest. Patrick Pouyanne, the CEO of TotalEnergies, announced on Thursday that it would be selling its stake in Arctic LNG 2 in Russia. He told analysts on a call about the second quarter results that the transfer of Total's stake of 10% to Nordline…
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China Plans to Increase Wind, Solar Generation by 50% in Five Years
China plans to increase wind and solar power generation by 53% over the next five years, under a renewable energy plan released on Thursday that for the first time makes its green power target binding.The plan is aimed at increasing overall renewable generation to 1.8 billion tons of coal equivalent (tce) by 2030 from 1.18 billion tce in 2025…
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Sources say that OPEC+ is likely to raise its oil production targets again in September.
MOSCOW/LONDON - OPEC+ countries will likely agree to a new increase in 'output aims' for September at their meeting on August 2.
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Teck Resources beats profit estimates on strong copper production, prices
Teck Resources, a copper producer and producer of higher-quality products, beat Wall Street's expectations for the second quarter profit on Thursday.
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Sources say that oil executives are rushing to complete the contract migration in Venezuela.
Four sources said that the Venezuelan oil ministry told the?partners?of the state energy company PDVSA it would maintain…
Latest news
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In July, Russia's oil revenues increased by 60% year-on-year
Calculations showed that the rise in oil prices globally has led to a '60% increase in the state revenue of Russia in July…
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TotalEnergies CEO: Arctic LNG 2 plant to be closed in Russia
Patrick Pouyanne, the CEO of TotalEnergies, announced on Thursday that it would be selling its stake in Russia's Arctic LNG 2 facility.
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TotalEnergies CEO: We earn $400 million per year by selling Russian LNG
PARIS, 23 July - The CEO of TotalEnergies, who spoke to analysts on a Thursday'results' call, said that the French oil major…
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Freeport-McMoRan exceeds its quarterly profit expectations on the back of higher copper prices
Freeport-McMoRan surpassed Wall Street expectations?for the second-quarter profit?on Thursday as higher copper prices 'offset…
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Brazil could triple its palm planting area in 10 Years, Industry Leader Says
Victor 'Almeida said that Brazil could triple its palm oil production area in the next 10 years by expanding the cultivation…
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Italian court lifts Sardinia's ban on renewable energy permits
The Italian Constitutional Court has ruled that the 'Sardinian Law' which prohibited renewable energy projects from being…
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Matador buys Paloma permian for $1.2 billion to boost Delaware Basin presence
Matador Resources announced?on Thursday that it will buy the privately-held?Paloma Permian?from EnCap Investments?for about $1.28billion…
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Palm oil reaches 3-month high due to supply risk and biodiesel demand prospects
Malaysian palm oils futures closed higher on Thursday, after reaching their highest level in over three months. This was…
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After the Hormuz disaster, buyers will press Qatar and UAE to offer cheaper and more flexible LNG deals
Asian and European buyers will ask Qatar and the United Arab Emirates for lower prices, and to provide additional guarantees of supply…
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Maguire: Wildfires are a threat to the US power sector in multiple ways.
Wildfire season in the American West was seen as a major threat for years. It affected homes, forests, and utilities. As…
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The death toll from the Indian tunnel explosion has risen to 22
The state government of 'Sikkim' announced on Thursday that at least seven more bodies had been recovered from a?tunnel in…
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St. Bernard Parish in Louisiana is hit by Tropical Storm Bertha
The U.S. National Hurricane Center reported on Wednesday that Tropical storm Bertha had made landfall in St. Bernard Parish in Louisiana.
Shale Oil & Gas
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After the Hormuz disaster, buyers will press Qatar and UAE to offer cheaper and more flexible LNG deals
Asian and European buyers will ask Qatar and the United Arab Emirates for lower prices, and to provide additional guarantees of supply…
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Santos reports higher revenue in the second quarter on sales and commodity prices that are on the rise
Santos, the oil and?gas company, reported a rise of?second quarter sales revenue 'on Thursday. This was due to a?increase…
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St. Bernard Parish in Louisiana is hit by Tropical Storm Bertha
The U.S. National Hurricane Center reported on Wednesday that Tropical storm Bertha had made landfall in St. Bernard Parish in Louisiana.
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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Palm oil reaches 3-month high due to supply risk and biodiesel demand prospects
Malaysian palm oils futures closed higher on Thursday, after reaching their highest level in over three months. This was…
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Maguire: Wildfires are a threat to the US power sector in multiple ways.
Wildfire season in the American West was seen as a major threat for years. It affected homes, forests, and utilities. As…
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The death toll from the Indian tunnel explosion has risen to 22
The state government of 'Sikkim' announced on Thursday that at least seven more bodies had been recovered from a?tunnel in…
