Globe and Mail reports that Canadian Natural is in negotiations to purchase Tourmaline's Natgas portfolio.
Canadian Natural Resources has entered into negotiations to buy a portfolio of natural gas properties worth more than $1 billion from Tourmaline Oil Corp., the Globe and Mail reported Wednesday. The report cited two sources who are familiar with these negotiations. On the website of Competition Bureau Canada, it is stated that Canadian Natural filed paperwork for approval of a deal with Tourmaline?on?December 30. However, details of this potential deal had not been made public.
Viaro Energy's purchase of Shell and Exxon UK gas assets fails
Shell and Exxon Mobil halted the sale of natural-gas assets in Britain's Southern North Sea to a British oil producer, Viaro Energy. Shell announced this in a Wednesday statement. Shell stated that the conditions required to close the deal were not met because of changes in market and commercial conditions. Shell said that the parties had agreed on a'sale,' which would involve one of the largest,?longest-producing gas portfolios in the UK Continental Shelf.
Indonesia will increase palm oil export tax if it abandons its plan to introduce B50 Biodiesel in this year.
Yuliot Tajung, the deputy energy minister, said that Indonesia had scrapped plans to raise the mandatory biodiesel mix to 50% in 2019. Instead, it will maintain the current blend of 40% palm oil based fuel and 60% diesel. Indonesian energy minister had previously planned to implement the 50-50 mixture of palm oil-based diesel and fuel in the second half of this year to reduce the country's dependency on imported diesel. Eniya. Listiani.
Palm climbs on stronger oil rivals, signs of export recovery
Malaysian palm oils futures rose by more than 1% Wednesday after falling the previous session. This was due to stronger competitor oils and improved export demand from India and China. At midday, the benchmark palm oil contract for?March delivery at the Bursa Derivatives exchange gained 43 ringgit or 1.06% to 4,107 Ringgit ($1,013.32) per metric ton. Paramalingam Supramaniam is the director of Selangor brokerage Pelindung Bestari.
Brazil's Soy Exports will Hit Record High for January, Grain Exporting Group Says
The grains exporting group Anec predicted on Tuesday that Brazilian soybean exports would reach nearly four million tonnes in January, a new record. Anec reported that traders in Brazil will export an estimated 3,73 million tons of oilseeds this month. This is about 1.3 millions tons more than was estimated last week. Farmers have only just started harvesting the 2026 crop. The company cited revised shipping schedules as the reason for its decision to increase the projections for January.
Canadian oil tycoon suggests US aid in Venezuela's oil revolution
The Canadian oil tycoon, who is the head of one of North America's fastest growing oil companies, wants his country to "lend" its heavy oil expertise to America as it tries to rebuild Venezuela's petroleum industry. Adam Waterous is the executive chairman of Strathcona Resource. He said that Canada's experience in extracting oil from sands crude makes it uniquely qualified to help Venezuela, which also produces heavy oil.
Canadian oil tycoon suggests US aid in Venezuela's oil revolution
The Canadian tycoon, who is the executive chair of one of North America’s fastest-growing oil companies, wants his country to lend their heavy oil 'expertise' to the United States in order to help rebuild Venezuela's industry. Adam Waterous, executive chair of Strathcona, says Canada is uniquely qualified to help Venezuela because of its decades of experience in extracting heavy oil from oil sands. STRATHCONA IS WILLING TO SEND A TECHNICAL TEAM Last week, President Donald Trump invited U.S.
Palm slips due to uncertainty about Indonesia's B50 mandate
The price of Malaysian palm oils reversed its gains on Tuesday to close lower, despite the fact that stronger competitor?oils, and positive cargo surveyor data, capped the?decline. At the close, the benchmark March palm oil contract on Bursa Derivatives Exchange fell 27 ringgit or 0.66% to 4,063 Ringgit ($1,001.97). The contract rose 1.34% during the previous session. A Kuala Lumpur trader said that crude palm oil prices are rising…
Suedzucker reports better quarterly earnings despite weak market for sugar
Suedzucker, Europe's biggest sugar producer, reported an operating profit for the third quarter on Tuesday. The non-sugar sector, in particular fruit, helped to overcome a weak EU market. The German company reported that its operating profit for the quarter ended November 2025 in fiscal 2025/26 totaled 53 million euros (61.81 millions), compared to a loss of 33million euros for the same period the previous year.
Minister: Indonesian B50 Biodiesel launch is subject to crude oil and CPO prices
A senior official stated on Tuesday that the timing of Indonesia's B50 biodiesel mandate - which blends 50% palm oil with diesel - will be subject to the difference in price between crude oil & crude palm oil. Indonesia, which is the largest palm oil producer in the world, had previously set the goal to "start the B50 mandate" by the second half 2026. The current mandate is 40% blend. The palm oil export levies are used to subsidise the country's biodiesel program.
Diamondback Energy reports lower oil prices in the fourth quarter
Diamondback Energy, the U.S. producer of shale oil, announced on Monday that its oil prices were lower in 'the fourth quarter' compared with 'the previous three months. The price of oil fell 9.2% in the three-month period ending December 31 as fears about tariffs and oversupply outweighed geopolitical risk. The average realized price, or 'price received' for the total production of oil, fell to $58.00 a barrel during the fourth quarter…
Oil Prices Dip as Investors Consider Iran Supply Concerns, Venezuelan Exports
Oil prices fell slightly on Monday after Iran said it had total control following the biggest anti-government demonstrations in years, easing some concerns over supply, while investors also weighed efforts to resume oil exports from Venezuela.Brent crude futures lost 28 cents, or 0.44%, to $63.06 a barrel by 1402 GMT while U.S. West Texas Intermediate crude was at $58.78 a barrel, down 34 cents, or…
Analyst Mistry says palm oil prices will be pressured until production is reduced.
Dorab Mistry, an industry analyst, said that Malaysian palm futures will remain under pressure as long as production does not ease. The benchmark palm-oil contract for March delivery at the Bursa Derivatives Market (BMD) was closed on Friday at 4,043 Ringgit per metric ton, after having fallen to its lowest level in over six months in December. "Palm Futures on the BMD is under pressure." Fund investors have left the market.
Trump's "drill baby, drill" agenda in Venezuela hurts producers at the home
Trump wants $50 oil but it's below the profit level of U.S. Venezuelan oil redirected to squeeze U.S. Venezuelan oil to benefit U.S. HOUSTON, January 9 - U.S. Oil Producers already struggling with low oil prices face renewed pressure as President Donald Trump presses them to increase output in Venezuela – a move which would weaken oil markets, reduce revenues and hurt the industry at home. Trump's policies, he claims, will unleash American energy while lowering prices at the pumps.
White House oil meeting includes independents and has strong ties to Denver
On Friday, the White House will be inviting oil executives to meet with them in order to discuss possible investment in Venezuela. While the list of attendees includes some big names from American oil, such as Exxon Mobil, ConocoPhillips, and Chevron, it also contains smaller independents, private equity-backed companies, and other players. Only the largest U.S. An oil industry source said that oil producers in Venezuela have the experience and scale to operate there.
Sources say that Glencore's trading division is part of Rio Tinto's appeal in merger talks.
Two sources familiar with the matter claim that Rio Tinto wants to keep Glencore’s trading division, and would make it a?even stronger platform to sell commodities? if they can strike a deal to create the largest mining company in the world. Rio Tinto announced that it is in the early stages of talks to purchase Glencore. This could lead to a company worth nearly $207 billion. Analysts and investors believe that Rio's main focus is to gain access to Glencore copper resources.
Glencore's share price rises as Rio Tinto and Glencore merge to create the world's largest miner
Glencore shares increased by almost 10% after news that it was in talks with Rio Tinto regarding a possible takeover. This would create the largest mining group in the world, valued at nearly $207 billion. While Glencore?gained?, Rio Tinto?shares fell as much as 3%. This reflects investor scepticism and concern that the deal will be overpaid. Both companies have previously discussed merging their operations.
Glencore's share price rises as Rio Tinto and Glencore merge to create the world's largest miner
Glencore shares jumped almost?9% Friday after news that it was in talks with Rio Tinto over a 'potential takeover, which would create the largest mining group in the world valued at nearly $207 billion. While Glencore shares rose, Rio Tinto's fell as much as 3 percent, reflecting investor concerns about a potential deal. Both companies have previously discussed merging their operations. In 2014, Rio Tinto refused a Glencore merger offer, claiming it was not in its shareholders' best interest.
Mega-deals in mining that created global giants
The companies have confirmed that they are in the early stages of talks with each other to purchase Glencore. This could result in the creation of the world's biggest mining company, valued at nearly $207 billion. This move is a result of global'miners racing to scale up metals such as copper, which are seen as?critical for the energy transition. It has fueled a surge in expansions and takeovers. According to LSEG, Glencore's enterprise value is $99 billion.
Oil Prices Rise 2% Amidst Venezuela Conflict, Supply Concerns
Oil prices rose about 2% on Thursday after two days of declines as investors assessed developments in Venezuela and on worries about supplies from Russia, Iraq and Iran.Brent futures rose $1.21, or 2%, to $61.17 per barrel at 11:17 a.m. EST (1617 GMT), while U.S. West Texas Intermediate crude gained $1.02, or 1.8%, to $57.01.The U.S. seized two Venezuela-linked oil tankers in the Atlantic Ocean on Wednesday, one sailing under Russia's flag, as part of U.S.