Prices for EUROPE GAS rise due to concerns about LNG supply and oil strength
LONDON, 12th March - British and Dutch gas wholesale prices rose Thursday morning, as reports of tanker attacks raised fears of a prolonged disruption of regional liquefied gas supplies from the region.
IEA chief says release of oil reserves had a'strong impact on markets'
Fatih Bibil, the IEA Executive Director, said that the IEA has released 400 million barrels of 'oil from its global strategic reserves, and this decision already had a "strong effect" on the energy markets…
Maurel & Prom, a French oil company, has seen its 2025 profits slump due to lower crude prices
Maurel & Prom, a French oil company, reported a 32% decline in profit for 2025 on Thursday. The drop was due to lower crude prices and a weak global demand. The shares of…
RWE's US expansion plan of $20 billion includes gas-fired power stations
RWE, Germany’s largest power producer, announced on Thursday that it would invest in new gas-fired plants to expand more aggressively in the United States, a market where…
Palm prices rise as rival Dalian and Chicago oil prices also increase
Malaysian palm futures rose on Thursday, supported by higher crude oil prices, gains in other edible oils, and expectations for stronger biodiesel demands following Indonesia's…
Bloomberg News: Trump will invoke emergency law to protect California oil producer Sable
Bloomberg News reported that U.S. President Donald Trump intends to invoke the 'emergency laws' for Sable Offshore in order to restart production from a cluster of offshore platforms located in California.
India is ready to support the oil markets after IEA releases record-breaking release
India announced 'on Wednesday that it is ready to support the global oil'markets, in line with the International Energy Agency releasing a record 400,000,000 barrels - of…
Peru approves environmental studies for Buenaventura Copper Project worth $3.4 billion
The state certification office of Peru announced that the country approved an environmental study on Wednesday for Buenaventura - one of the largest mining firms in Peru…
BP and Chevron top the list of bidders at a small US Gulf of Mexico gas and oil auction
According to a U.S. government livestreamed auction, BP's single bid accounted for almost half of the total. The U.S. Bureau of Ocean Energy Management conducted the sale.
OPEC data show that Russian oil production fell by 56,000 bpd during February.
According to a copy of OPEC's monthly data, reviewed on Wednesday, Russian oil production fell by around 56,000 barrels a day or 0.6% in February compared to?January, bringing it down from 9.184 million bpd.
US Energy Department blames its staff for an errant Navy escort Post
A spokesperson for the U.S. Department of Energy allegedly posted a message on Energy Secretary Chris Wright’s official X page on Tuesday, which incorrectly stated that the U.S.
SLB warns that Middle East disruptions will impact first-quarter earnings
SLB, an oilfield services firm, said that escalating tensions in the Middle East would affect its first-quarter earnings and revenue by 6 to 9 cents. Energy companies are…
Uniper CEO: We are protected from the latest Middle East energy crisis
Michael Lewis, CEO of the German utility, told analysts that Uniper does not purchase liquefied gas from the Middle East, where the 'U.S. and Israeli attacks against Iran'…
Palm oil closes higher as Chicago soyoil strength and crude oil rally boost prices
Malaysian palm futures closed higher on Wednesday, supported both by the stronger soyoil market in Chicago and rising crude oil prices. At the close, the benchmark 'palm…
EUROPE GAS - European gas prices increase on fear of LNG shortage
LONDON - Benchmark European wholesale gas prices increased on Wednesday morning after reports that Iran had laid mines along the 'Strait of Hormuz' raised concerns about liquefied gas supply.
Aramco requests dual loading nominations from buyers amid the Hormuz Crisis, sources claim
Multiple sources have confirmed that Saudi 'Aramco asked buyers to provide a crude loading plan for its main 'export terminal in Ras Tanura and Yanbu at the Red Sea for shipments scheduled for April…
Sakhalin-1, a Russian oil refinery, will reduce output by 10% by 2025
The U.S. abandoned the 'Sakhalin-1' project in Russia, which was a major oil production facility. ExxonMobil's major ExxonMobil continued to decline last year. It fell by 10.3% due to planned maintenance.
Palm oil prices rise on the back of a weaker ringgit and Chicago soyoil price strength
Malaysian palm oil futures rose on Wednesday due to a softer ringgit and the stronger soyoils traded in Chicago. By midday, the benchmark palm oil contract for May delivery…
Gulf of Mexico Oil and Gas Auction yields Far Fewer Bids Than First Trump Sale
According to a document posted on the government's website, the second auction of oil and natural gas leases in the Gulf of Mexico by the Trump administration in three months…
The rate signal is muddied by the surge in India swap rates amid global turmoil
The surge in Indian overnight index swap (OIS), which is normally a key indicator of policy rate expectations, overstates the impact that 'the Iran War and higher oil costs…