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. Biofuels Makers use instead domestically produced soybean oil.
Spanish utility Cox shares drop in the market debut
The shares of Spanish water and clean energy utility Cox dropped more than 3% on their first trading day, amid market concerns about renewable energy after Donald Trump won the U.S. Presidential election last week. Stocks opened at 10,24 euros ($10.83)…
Trump selects Burgum as Interior Secretary
Donald Trump, the president-elect, announced on Thursday that North Dakota governor Doug Burgum will be his choice for Interior Secretary. Burgum is a former wealthy software executive. Trump, dressed in a tuxedo, said that the Department of Interior would be headed by him.
Biogas credit slump tied to proposed waiver of supply mandates
Traders and market participants report that the prices for credits for cellulosic production of biofuels fell to their lowest level in more than a year after the U.S. Environmental Protection Agency proposed a partial exemption to its supply mandates by 2024.
UN chief warns at COP29 that if you don't pay up, the climate will lead to disaster for humanity.
At the COP29 Summit on Tuesday, United Nations Secretary General Antonio Guterres urged world leaders to "pay up", in order to prevent climate-driven humanitarian disasters. He also said that time was running short to limit a destructive increase in global temperatures.
The US climate envoy said that work would continue despite Trump’s return
John Podesta, U.S. Climate Envoy, urged governments on Monday to believe in the promise of the United States to combat global climate change. He said Donald Trump could slow down, but not stop the transition away from fossil fuels, when he returns to the White House in January. The annual U.N.
Gas prices in Europe rise on cold weather forecast
Dutch and British wholesales prices increased on Friday morning. They reached their highest level in over a week due to the expected cooler and less windy conditions in Europe. LSEG data shows that the benchmark front-month contract for the…
Dalian palm oil is supported by other oils
The Dalian palm oil market, which is a rival to the Malaysian palm oils market, has seen gains on Thursday. On the closing, the benchmark palm oil contract on Bursa Malaysia's Derivatives exchange for January delivery gained 33 ringgit (0.67%) to 4,950 Ringgit ($1,125.00).
Nordex's core profit margin for 2024 is at the upper end of its guidance range
Nordex, a manufacturer of wind turbines, said on Thursday that it expects its core profit margin for the full year to be at the upper end of its previous guidance range between 3-4%. This is due to continued growth in its third quarter earnings.
US prepares for second oil and Gas Auction in Alaska Refuge
Interior Department announced on Wednesday that the Biden administration had taken a major step toward holding the required sale of oil-and-gas leases in a wildlife refuge in Alaska by publishing a final environment review. The analysis presented a preferred scenario in which the agency offered 400…
Trump's Victory Lifts Small-Caps, Banks
Donald Trump's second term as U.S. President on Wednesday lifted equity markets, on the back of bets on lower corporate taxes, favorable tariffs, and deregulation. This lifted shares of local small-cap companies, banks, and Trump Media.Elon Musk…
Palm oil ends the day higher than rival oils as market focuses on key data
Malaysian palm oil futures closed Monday after rival vegetable oils. The market is waiting for data from the Malaysian Palm Oil Board and export figures. On the closing, the benchmark palm oil contract on Bursa Derivatives Exchange for January delivery gained 23 ringgit (0.47%) to 4…
TSX Futures Rise as Oil Supports; US Election in Focus
Crude prices lifted futures linked to Canada's major stock index on Monday as investors prepared for the highly anticipated U.S. Presidential election this week and Federal Reserve policy decision. At 6:00 a.m., December futures for the S&P/TSX Index were up 0.4%. ET (11:00 GMT).
Australia suffers wide losses when central bank keeps rate at 12-year high
The Australian share market continued to decline on Tuesday, after the central bank maintained the key policy rate in a 12-year-high level. This was done in order to maintain a restrictive policy until the core inflation rate is brought under control.
The price of VEGOILS - Palm has fallen due to profit taking before the GAPKI conference
Malaysian palm futures declined on Tuesday, after four sessions of gains. Profit taking was a factor in the decline. This is due to profit-taking ahead of the Indonesian Palm Oil Association's (GAPKI), which will be held later this week. By midday…
Gas prices in Europe are rising on a weak wind ahead of the US election
The Dutch and British wholesale prices of gas rose slightly Tuesday morning due to a weak wind and in anticipation of what should be a close U.S. Presidential election. LSEG data shows that the benchmark front-month contract for the Dutch TTF hub at 0942 GMT was 0.37 euros higher…
Palm prices rise on Dalian Soyoil strength, and the weaker Ringgit
Malaysian palm futures were up on Wednesday. This was due to gains in Dalian Soyoil, a weaker Ringgit and an upcoming industry conference in Indonesia. By midday, the benchmark palm oil contract on Bursa Derivatives Exchange for January delivery had gained 28 ringgit (0.58%) to 4…
Spots fall as wind and nuclear power rise
European prompt electricity prices fell on Tuesday, as the wind power supply is expected to increase from levels which caused a rise in previous trading sessions. "Residual loads are lower, but remain at high levels." In a research report, LSEG…
Palm oil prices end higher due to rival oils' strength and a weaker Ringgit
Malaysian palm futures closed higher on Wednesday. This was supported by gains made in vegetable oils that are competing with palm oil and the weaker ringgit. Investors will be looking for clues at an industry conference starting in Indonesia later this week…
European clean energy stocks fall as Trump wins the presidency
After Donald Trump's election as president of the United States on Wednesday, shares in European clean-energy groups plunged. Investors were worried about a possible dismantling by the United States of its support for renewables. Trump pledged…
