US soyoil prices jump as China reduces export incentives for biofuel feedstocks competing with US soyoil
U.S. Soyoil Futures rose 2% on the Friday after China announced it would reduce export incentives for certain products, including used cooking oils. Used cooking oil is a low-cost source of feedstock that U.S.
Three Industrial Projects for Le Havre Announced
The French government has selected winning proposals for a hydrogen import terminal, a renewable fuels facility and a lithium production factory to be built at the state…
Russian oil and Gas Revenues Jump 57% m/m In October
The Finance Ministry reported on Tuesday that the proceeds from oil and natural gas sales to Russia's federal government in October increased by 57% compared to September…
Norway will increase spending on its wealth fund to $43 billion by 2025
The Norwegian minority government announced on Monday that it will raise public spending from Norway's $1.8 trillion sovereign fund in 2025 to pay for expenses. Elections…
VEGOILS - Palm extends its winning streak on concerns about output; firm ringgit is a factor
The price of Malaysian palm oils futures increased for the fifth consecutive session on Tuesday, despite concerns about production. A stronger ringgit and cancellations by India…
Palm snaps winning streak of four sessions on strong ringgit and India demand concerns
On Tuesday, Malaysian palm oils futures fell for a first time in five sessions due to a stronger ringgit as well as concerns about demand after India, the world's largest buyer of palm oil…
EU's von der Leyen announces 35 bln euro loan in Kyiv visit
Ursula von der Leyen, President of the European Commission during her visit to Kyiv last Friday, announced a loan for Ukraine up to 39 billion dollars ($35 billion), saying…
Palm oil gains for the third consecutive session and logs a weekly gain
The price of palm oil in Malaysia rose for the third consecutive session on Friday, and also logged a gain over the week, thanks to the strength of rival Dalian contracts.
Moscow claims that the EU has lost its mind over increased military aid to Ukraine
The Russian Foreign Ministry said on Friday that the European Union has "lost their mind" and is heading towards ruin by providing additional military aid to Ukraine. According…
Indonesia introduces new palm oil taxation rules to boost competition
Indonesia, the world's largest palm oil exporter, will introduce new monthly levies to increase its competitiveness with rival edible oils. This was revealed in a regulation…
Mexico's new president appoints an energy expert to lead Pemex
On Monday, Mexico's new president nominated Victor Rodriguez as the next executive director of the heavily indebted oil company Pemex. This was one of the last nominations…
Germany Offered to Build LNG Terminals to Avert US Pipeline Sanctions
Berlin offered to spend 1 billion euros ($1.2 billion) to build two liquid natural gas terminals in a bid to dissuade the United States from imposing sanctions over the Nord Stream 2 pipeline…
Guyana Received $4.9M in Oil Royalties in 1Q
Guyana received $4.9 million in royalty payments for oil production at the offshore Stabroek block in the first quarter, the finance ministry said on Monday, a period that…
Indonesia Weighing Subsidy Options for Biodiesel Program
The Indonesian government is considering alternate plans to increase subsidies for the country's ambitious biodiesel program after crude oil prices tumbled, a finance ministry…
China to Cut Renewable Power Subsidy
China will cut its renewable power subsidy to 5.67 billion yuan ($806.50 million) in 2020 from 8.1 billion yuan in 2019, the Ministry of Finance said on Wednesday, as the country will soon stop funding large so
Russian-led Arctic Oil Project to Cost $157 Bln
A ambitious new Arctic oil project led by Russia's top oil producer Rosneft will require about 10 trillion roubles ($157 billion) of investment, Russia's deputy energy minister…
Norway Sovereign Fund to Divest E&P Firms
Norway's $1.1 trillion sovereign fund will divest companies solely dedicated to oil and gas exploration and production in a bid to shield itself from a long-term fall in oil prices…
Tax Breaks Approved for Russia's Largest Oilfield
Russia's finance ministry has in principle approved tax breaks for developing the Priobskoye oilfield, Russia's largest, to oil giants Rosneft and Gazprom Neft, Alexei Sazanov, head of the ministry's tax depart
Mexico Gives Pemex $5 Bln to Pay Debt
Mexico's government will give state-owned Pemex $5 billion so the world's most indebted oil company can pay off bonds, part of a plan to shore up accounts that also includes refinancing other bonds…
Mexico, Pemex to Hedge Oil Output
The Mexican government has said in its 2020 budget proposal that it will maintain a strategy of hedging its oil output against lower prices.Mexico’s state oil company Pemex…
