Oil prices and earnings in the Gulf region are mixed.
The major Gulf stock exchanges were mixed early on Tuesday as investors awaited earnings and weighed the weaker oil price, while the Saudi index fell on profit-taking following its recent rally. Saudi Arabia's benchmark index fell 0.1% following a rally…
Palm prices rise on the back of reduced production and improved exports
The price of palm oil futures in Malaysia rose on Tuesday, as traders anticipated a sharp drop in production and stronger demand for exports. By midday, the benchmark palm oil contract for April delivery at the Bursa Malaysia Derivatives Exchange had gained 37 ringgit (0.91%) to 4…
Maha Capital asks for US approval to purchase stake in Venezuelan oil company
Paulo Thiago Mendonca is the chairman of Maha Capital's board. He said that the United States has approved the acquisition of an indirect minority stake in a PDVSA controlled oil company. The firm has until the end of May to "exercise" an option to acquire a majority stake.
Engie continues to invest in Middle East renewables, as the momentum in US and Europe slows
Engie has reached the 'financial close on a 1.5 Gigawatt solar park, its largest in the world, said the French utility on Monday. The company is stepping up projects in the Middle East, a fast-growing market, amid a slowdown of renewable energy in the U.S.
After abrupt Kurdish retreat, Syrian troops consolidate their hold
On Monday, Syrian government forces tightened their grip across a large swath of territory in the north and east that was abruptly abandoned by Kurdish troops on Sunday. This dramatic change solidified President Ahmed al-Sharaa’s rule. After fighting for days with the government…
German Front-year is impacted by the warmer weather and tariff threats
Early trading on Monday saw forward-curve power contracts fall, following the decline in gas and carbon contracts due to warmer weather forecasts as well as?geopolitical concerns over tariffs. German baseload for the year ahead fell 4.2% at 0936 GMT to 84.20 Euros ($97.80) per megawatt-hour…
Top Ukrainian negotiator: Talks with US will continue in Davos
Rustem Umerov, Ukraine's chief negotiator, said that the talks with U.S. officials to resolve the nearly four-year old?war against Russia will continue this week at the World Economic Forum in Davos. Umerov wrote on Telegram that two days of Florida talks with a U.S.
Trump purchases $100 million in bonds from Netflix and Warner Bros.
Donald Trump, the president of the United States, purchased around $100 million worth of municipal and corporate bonds between mid-November and late December. This included up to $2,000,000 in bonds for 'Netflix' or Warner Bros Discovery, just weeks after these companies announced their merger.
Another legal defeat for Trump as US judge allows Dominion to restart offshore wind project
Federal judge cleared Dominion Energy, a U.S. energy company to resume its Virginia offshore project on Friday. This is the third legal blow this week against President Donald Trump’s anti-offshore winds agenda. Judge Jamar Walker of U.S. District Court…
What excites and concerns LNG exporters by 2026? Maguire
In 2025, the LNG industry will make history after exports and production of super-chilled fuel broke records and generated billions in revenue across the global supply chain. Gas sellers were encouraged by the 25% increase in LNG purchases in Europe.
What excites and concerns LNG exporters by 2026? Maguire
In 2025, the LNG industry will make history after the production and exports of super-chilled fuel broke records and generated billions in revenue across the global supply chain of liquefied gas. The 25% increase in LNG purchases in Europe was a major highlight.
Venezuela's Rodriguez proposes oil reform to facilitate investment
Delcy Rodriguez, Venezuela's interim president, said Thursday she would submit a proposal for reforming?the country’s hydrocarbon laws. Investors in the U.S. are pushing to?get easier access to Venezuela’s?oil sector. Rodriguez said that funds generated…
US energy chief: US gets 30% more for Venezuelan oil compared to what Venezuela paid in the past few weeks
Chris Wright, the U.S. Energy secretary, said Thursday that?U.S. The price of?Venezuelan?crude oil is 30% higher than what Venezuela paid before U.S. Special Forces captured President Nicolas Maduro in early this month. Wright stated at an event of the U.S.
Sources say that Repsol, Maurel & Prom are applying to the US for licenses to export Venezuelan crude oil.
Five industry sources have confirmed that several?European oil companies, including Spain's Repsol, France's Maurel & Prom and France's Repsol, have applied to the United States for licenses or authorizations in order to export Venezuelan oil. Two sources…
US Judge allows Equinor New York Offshore Wind Project to be restarted
The federal judge cleared Norwegian 'offshore wind developer Equinor on Thursday to resume work on the?New York Empire Wind Project, which was halted by President Donald Trump along with four other project last month. U.S. district judge Carl Nichols'…
Sources say that the US will finalize biofuel quotas for 2026 by early March and drop import penalties.
According to two sources familiar with the plans, the administration of 'President Donald Trump' plans to finalize biofuel blending quotes for 2026 by early March. They will keep them close to their initial proposal, while dropping plans to penalize imported renewable fuels and feedstocks.
UAE's ADNOC weighs Venezuela gas investment, Bloomberg News reports
Bloomberg News, citing sources familiar with the situation, reported that the?state oil company of Abu Dhabi, ADNOC, is considering entering Venezuela's energy industry. It could also seek a partnership to participate in Venezuela's gas projects with?another? international producer.
Sources say that the US will finalize biofuel quotas for 2026 by early March and drop import penalties.
According to 'two sources who are familiar with these plans, the administration of Donald Trump intends to finalize biofuel blending targets for 2026 by early March. They will keep them close to their initial proposal, while dumping a plan that penalized imports of renewable feedstocks and fuels.
VEGOILS - Palm drops more than 1% after Indonesia abandons B50 plans and rival oils weaken
Malaysian palm futures dropped more than 1% on Thursday, for the?third consecutive session. This was due to weaker edible oils from rivals, lower crude oil prices and Indonesia's decision to cancel its "B50" biodiesel plan. At the close, the benchmark…
Palm oil falls as Indonesia abandons B50 plans and rival oils weaken
Malaysian palm futures fell for the third consecutive session on Thursday, due to weaker edible oil and crude oil prices. By midday, the benchmark contract for palm oil delivery in March on the Bursa Derivatives exchange fell 23 ringgit or 0.57% to 4,017 Ringgit ($992.34) per metric ton.