Tuesday, February 11, 2025

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Trump administration approves sustainable aviation fuel refinery loan

The energy department of President Donald Trump announced on Tuesday that it had approved the disbursement to Calumet of a loan guaranteed which was finalized just days before his election.

EIA: US natgas production and demand will reach record highs by 2025

The U.S. Energy Information Administration released its Short-Term Energy Outlook Tuesday, predicting that both the U.S. Natural Gas output and demand would reach record highs by 2025.

EIA: US power consumption will reach new highs by 2025 and 26.

The U.S. Energy Information Administration stated in its Tuesday Short Term Energy Outlook that the U.S. will reach record levels of power consumption in 2025 and in 2026.

Guyana gives Frontera and CGX Energy 30 days notice to cancel their Corentyne license

The Canadian energy companies reported that the Guyana government has given CGX Energy a 30-day warning to cancel the joint venture license of the Corentyne Block. The South…

Texas industry asks EPA for state approval of carbon storage projects

Texas oil, gas, and industrial groups asked the new EPA Administrator on Tuesday to expedite Texas' request for the approval of carbon capture and storage project instead of the Federal Government…

Tanzania hopes to complete talks on LNG project by June

Tanzania has begun discussions with investors about tax incentives for a project that is stalled to build a $42 billion plant of liquefied gas in the country. Energy Minister…

Chevron is struggling to replace its oil and gas reserves amid uncertainty surrounding the Hess deal

Chevron’s oil and natural gas reserves are at their lowest level in more than a decade. This highlights the importance of its planned acquisition of oil producers Hess,…

ChampionX executive: New U.S. tariffs on metals will increase oilfield equipment prices.

A company official told reporters on Tuesday that ChampionX anticipates the new U.S. tariffs on imports of steel and aluminum will increase equipment costs for oilfield services firms. U.S.

Official Russian energy says US sanctions shouldn't hinder oil trade with India

The latest sanctions by the United States against Russia shouldn't affect the oil trade between Moscow and India, Pavel Sorokin said, Russia's first vice minister of energy, on Tuesday.

British Business – February 11,

These are the most popular stories in the British business pages. These stories have not been verified and we cannot vouch for the accuracy of these reports. The UK government…

Macquarie, Australia's Macquarie Bank, has'very little exposure' in Trump's war on green energy

Macquarie Group, the top Australian investment bank, downplayed on Tuesday its exposure to U.S. green power sector that has been disrupted by executive orders issued by President Donald Trump.

Trump relaxes the enforcement of US laws that prohibit bribery by foreign officials

Donald Trump, the U.S. president, signed an executive order on Monday directing that the Justice Department halt prosecutions against Americans accused of bribing officials…

EU rules could overheat a gas market already on fire: Bousso

European policymakers who are worried about rising energy prices have already shot themselves in two feet. Two rules designed to manage the gas market of the region run…

Energy Transfer signs Natural Gas Supply Agreement with CloudBurst

Energy Transfer, a U.S. pipeline company, entered into an agreement on Monday with CloudBurst Data Centers of Denver to supply natural gas for the development of Central Texas.

Palm oil prices rise by more than 2 percent after Malaysian data on palm oil

Malaysian palm futures rose on Monday for the fourth consecutive session, after data released by the industry regulator revealed a drop in stocks. Expectations of improved…

Indian oil companies are in talks with U.S. LNG suppliers to purchase their supplies

Pankaj Jain, the Oil Secretary of India, said that Indian oil companies were looking to purchase U.S. LNG. This was boosted by Trump's administration lifting its ban on new export permits.

BP shares are at their highest level since August following Elliott's stake increase

In early trading on Monday, shares of oil giant BP rose 7%, reaching their highest level since August, following reports that activist investor Elliott Management acquired a stake in the firm…

European shares rise on the back of energy stocks; US tariffs are in sight

European shares rose slightly Monday, as energy stocks gained support. Markets also weighed the fears of a trade war after President Donald Trump warned that he would impose…

VEGOILS - Palm flat ahead of MPOB and exports; demand concerns weigh

Malaysian palm futures were in a narrow range on Monday, ahead of important data on the country’s stocks. Weak demand from key markets was offset by gains due to flood fears…

Wall Street Journal – Feb 10,

These are the most popular stories from the Wall Street Journal. These stories have not been verified and we cannot vouch their accuracy. Activist investor Elliott Investment Management owns a stake in BP…

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