Zelenskiy wants Europe and the US to be involved in any Ukraine Peace Talks
Reporters heard the Ukrainian president Volodymyr Zelenskiy say that he hopes Europe and America will be included in any discussions about ending Ukraine's war against Russia. Zelenskiy…
Japan's JERA plans on expanding US LNG purchases in order to diversify the energy supply
JERA, Japan's largest LNG buyer, is planning to increase its purchases from the United States in order to diversify their supply and meet the demand growth spurred on by data centres and AI. U.S.
NextEra Energy Q4 profits fall as higher costs impact on the renewables unit
NextEra Energy announced a drop in profit for its fourth quarter on Friday. This was due to weakness in the renewables segment. NextEra Energy Resources' (NEER) project backlog increased…
Blackstone buys $1 billion Virginia power station near data centers
Blackstone's unit dedicated to energy investments has acquired Potomac Energy Center. The asset manager announced the deal on Thursday. It is a sign of the appeal of data centers located near power plants to investors.
FTSE 100 drops as a stronger sterling hurts export-focused companies; Burberry soars
The UK's FTSE 100 fell on Friday as a rise in sterling hurt firms that export. Burberry, however, soared, after a strong U.S. Holiday season helped the luxury company beat its quarterly sales targets.
In Davos European executives support Trump's call to action on deregulation
Davos business leaders joined President Donald Trump in calling on the European Union (EU) to increase its efforts to reduce regulations and boost competition so that the EU does not fall further behind other developed countries.
Saudi Arabian STC wants a seat on Telefonica's board
STC Group will apply for a seat in Telefonica's Board, the U.S. regulator of markets was informed by the Saudi Arabian company six days after Telefonica unexpectedly replaced the chief executive. STC informed the U.S.
Fortescue Energy CEO: Green hydrogen costs are key to reducing demand
Fortescue Energy CEO Mark Hutchinson said in Davos that buyers will not pay "green premiums" if the price is competitive. By splitting water into oxygen and hydrogen, using renewable electricity, green hydrogen can be created.
Senate Committee moves Trump's energy & interior nominees to the floor
The U.S. Senate Energy Committee approved Donald Trump's nominees for the U.S. Department of Interior and Energy. The U.S. Senate energy committee approved President Donald Trump's picks…
Freeport-McMoRan's profit beats Q4 estimates thanks to higher copper prices
The miner Freeport-McMoRan surpassed fourth-quarter profit expectations on Thursday as higher copper prices helped to offset the impact of reduced production. The copper price rose in the…
Freeport LNG plant in Texas is on track to end outage due to increased natgas flow
Data from LSEG showed that the natural gas flow to Freeport LNG’s export facility in Texas was set to increase on Thursday, after a power outage during a winterstorm forced it to close on Tuesday.
Ukraine: Trump's threat of sanctions sends a'strong message' to Russia
Ukraine has praised U.S. president Donald Trump for his threat to impose sanctions and tariffs on Russia if they refuse to reach a settlement to end the conflict in Ukraine. They said that the comment was a "strong message".
European gasoline glut affects global margins
As a result, gasoline stocks in Europe reached a record-high as exports fell due to increased refinery runs in Nigeria and the United States. This led to the profit margins for European and U.S.
Interfax reports that Gazprom wants to increase the domestic gas price in Russia.
Interfax reported that Gazprom, the Russian gas giant, was trying to increase prices in order to fund investments. The company's sales abroad have plummeted as European buyers are turning away due to the Ukraine conflict.
Spot prices plunge on rising wind supply, lower demand
The European power price dropped by a quarter on Thursday, due to a combination of increased wind production and reduced demand as compared to the previous week. As of 1006 GMT, the German…
Palm oil is a weaker competitor than other oils
Malaysian palm oils futures ended lower on Thursday for the second consecutive session, due to weakness in vegetable oils. The benchmark contract for palm oil delivery in April on the Bursa…
Mistry: Malaysian palm oil will trade at around 4,000 Ringgit/T by 2025
Analyst Dorab Mistry predicted that Malaysian palm oils will trade at around 4,000 Malaysian Ringgit per metric tonne in 2025. However, there was a short rise to 4,800 Ringgit in February due to stiff competition from soybean oil.
Trump's complaint about the trade deficit with EU and what could come next
Donald Trump, President of the United StatesTrump has pledged to reduce a long-standing trade deficit between the United States and the European Union. He says he will do this by imposing tariffs…
Enverus says that US energy mergers could slow down in 2025 due to smaller deal sizes.
According to an Enverus report released on Tuesday, the pace of U.S. public-to-public upstream mergers in 2025 could slow from its recent average of five mergers per year and deal sizes may also decrease. Consolidation in the U.S.
Portugal imports more US and Nigerian LNG in order to stop Russian supplies
The Portuguese government plans to buy more liquefied gas (LNG), mainly from the United States, and Nigeria to replace its already diminishing Russian supplies. This was announced by Environment…
