QatarEnergy Secures LNG Supply Deal with Jera as Demand Surges
QatarEnergy, one of the world's biggest LNG suppliers, signed a deal on Tuesday with Japan's top power generator Jera to supply 3 million tons of LNG annually for 27 years from 2028…
Grain futures rise as gold and commodities stabilize, while soybeans continue to climb.
Chicago soybean futures rose on Tuesday as traders struggled with teetering commodity markets and rising gold prices. Wheat and corn also traded higher. As of 0453 GMT,…
Brokers say that Brazil's sugar mills will focus more on ethanol because they are underhedged.
Sugarcane producers in Brazil have been very slow to hedge for the season 2026/27 that will begin in April. They are also likely to focus more on ethanol, as the current…
The US LNG production was cut in January by the winter freeze; imports from Trinidad filled the gap.
LSEG's preliminary data shows that exports of liquefied gas from the U.S. in January fell to 11.3 million metric tons, down from December’s record of 11.5 MT. A winter freeze…
Qatar Energy CEO: By 2030, the LNG glut may be reduced to a gap due to AI power requirements.
Qatar Energy CEO Saad Al-Kaabi said on Monday that the expected global glut of liquefied gas could become a shortage in 2030 due to rising demand for gas and fuels, particularly in Asia.
Auditors say EU efforts to diversify imports of critical raw materials have failed so far
The European Court of Auditors stated on Monday that the EU's efforts in diversifying its imports of metals, minerals and other critical materials for?technology, defence…
According to QatarEnergy's CEO, the rising demand for AI-powered power could lead to a shortage of LNG in 2030.
Saad Al-Kaabi, CEO of QatarEnergy, said that the growing demand for electricity from AI and data centers, combined with an increase in fuel consumption in Asia and European gas requirements…
Devon and Coterra merge in $58 billion deal to create U.S. Shale giant
Devon Energy and Coterra Energy decided on Monday to merge as part of a $58 billion all-stock transaction, creating a large-cap company with the top spot in the Permian Basin.
In March, a Greek-led joint venture will provide US LNG to Ukraine
It was announced?on a Monday that a Greek joint venture had signed its first contract to'supply U.S. Liquefied Natural Gas to Ukraine in March.' Greece is seeking to strengthen…
Germany's gas production in numbers
Katherina Reiche, Germany's Economy minister is in Saudi Arabia seeking closer ties with the country on energy. Berlin is looking to diversify this sector as its dependence on U.S. Liquefied Natural Gas grows.
Electricity Needs for AI, Data Centers May Turn LNG Glut into Gap by 2030
Growing electricity demand from AI and data centres, together with rising fuel use in Asia and European gas needs could turn an expected global liquefied natural gas supply glut into a shortage by 2030…
Venezuelan Oil Exports Increase to 800,000 bpd in January Under US Control
Venezuelan oil exports rose to some 800,000 barrels per day (bpd) in January, from 498,000 bpd in December, after the U.S. capture of Nicolas Maduro and the ending of an…
EUROPE GAS-European plunge on milder forecasts, U.S.-Iran diplomacy
Dutch and British wholesale price fell to a two-week low on Monday as the forecasts cooled down and on hopes tensions between Iran and the United States would ease. The…
OPEC+ agrees that oil production will remain unchanged despite Iran tensions
OPEC+ decided to keep its oil production unchanged for March during a meeting on Sunday, the producer group reportedly said. This was despite crude prices hitting six-month highs due to fears that the U.S.
Sources say that OPEC+ will not increase oil production in March due to the price spike.
Three OPEC+ delegates said that OPEC+ will likely?keep its planned pause for oil production increases in?March?" when it meets on Sunday. This is even though crude prices…
Trump announces India will purchase oil from Venezuela
U.S. president Donald Trump said on Saturday that India would buy Venezuelan crude oil to help replace some of the Russian oil it buys, the third largest oil importer in the world.
Trump declares that India will purchase oil from Venezuela and not Iran
U.S. President Donald Trump on Saturday said India will buy Venezuelan oil, helping to replace some of the Russian oil that the world's third-biggest oil importer buys.
Whiting refinery workers reject contract extensions
United Steelworkers members at ?BP's 440,000-barrel-per-day refinery in Whiting, Indiana, rejected the company's ?offer to extend their contract ?by ?28 days at the largest refinery in the U.S.
Kazakhstan announces that oil production at Tengiz has resumed
The energy ministry announced on Saturday that oil production at Kazakhstan's massive Tengiz Oilfield has been restored, with five wells now operating again. Since the outage…
SOLV Energy aims for $5 billion valuation at US IPO
SOLV Energy, a solar and battery storage company, said Friday that it aims to achieve a valuation up to $4.99 Billion in its initial public offering in the United States.