Sources say ADNOC will restore most Murban oil to equity holders by July.
Multiple trade sources reported on Thursday that Abu Dhabi National Oil Company has restored the majority of Murban crude oil supplies going to equity holders for July, after a drastic cut in June. Traders said that partners in Murban crude producer ADNOC Onshore include BP TotalEnergies China National Petroleum Corp Inpex Zhenhua oil and South Korea's GS Energy. They are entitled to 40% of production, which is around 2.1million barrels per day. Sources said that during the conflict between Israel and Iran last month, ADNOC informed equity holders it would reduce its Murban crude oil supply by 3 to 4 million barrels.
Singapore's renewables use hits record highs as solar output and imports rise
An analysis of the most recent market data revealed that Singapore increased the share of renewables to a new record in May. The country increased renewable imports while accelerating local solar power production. Data from the National Electricity Market of Singapore revealed that domestic solar generation rose in May at its fastest rate since March 2024, and renewable imports increased for a third consecutive month, reaching their highest level in over two years. This boosted the share of renewables to 2,58% in the power mix of the city-state.
Singapore's renewables use hits record highs as solar output and imports rise
An analysis of the most recent market data revealed that Singapore increased the share of renewables to a new record in May. The country ramped-up renewable imports while accelerating local solar power production. Data from the National Electricity Market of Singapore revealed that domestic solar generation rose in May at its fastest rate since March 2024, and that renewable imports increased for a third consecutive month, reaching their highest level in over two years. This boosted the share of renewables to 2,58% in the power mix of the city-state.
PTT Thailand to purchase 2 MTPA LNG from Glenfarne Alaska LNG for 20 years
Glenfarne announced late Monday that the Thai state-owned PTT Group, which is an oil and gas company, had signed an agreement with Glenfarne to purchase 2 million metric tonnes of liquefied gas annually from its Alaska LNG project for a period of 20 years. PTT stated that it would continue to study the Alaska LNG Project in order to expand its LNG businesses and improve Thai energy security. Thailand has increased its LNG imports in recent years, to meet the rising demand for electricity and decreasing domestic gas production. It has also expanded its import capacity.
TotalEnergies plan to restart LNG project is a positive for the energy minister of Mozambique
Mozambique’s energy minister stated on Friday that the government had not received a formal request from TotalEnergies for the lifting of a declaration of force majeure on the $20 billion liquefied gas (LNG), project in the country. However, he was optimistic about TotalEnergies' plan to restart its development during the summer. After meeting with Japan's Industry Minister, Muto Yoji, Estevao Palae, the Minister of Mineral Resources and Energy, told reporters that force majeure would be lifted once conditions were in place for the project to resume operation. Pale stated that the government was doing all it could to restart the project.
The vote of the US Trade Panel opens the door to imposing stiff tariffs on solar imports
The U.S. International Trade Commission decided on Tuesday that a flood cheap imports from Southeast Asian countries threatened or materially damaged domestic solar panel manufacturers. This decision brings the United States closer to imposing heavy duties on these goods. The three-member ITC voted "yes", meaning that the Commerce Department would issue orders to enforce anti-dumping and countervailing tariffs on solar panels imported from Malaysia. Thailand, Cambodia, and Vietnam. This was a decision the agency made last month.
WGC-TotalEnergies CEO wants to lift the force majeure on Mozambique Liquefied Natural Gas project
TotalEnergies, said Chief Executive Patrick Pouyanne on Tuesday, will ask Mozambique for its approval to lift the force majeure on their $20 billion liquefied gas (LNG), project in Mozambique and resume construction before mid-summer. The project has been covered by force majeure due to insurgent attacks since 2021. It includes the development of the Golfinho, Atum and Offshore Area 1 natural gas fields, as well as the construction of a two train liquefaction facility. Pouyanne said on the sidelines the World Gas conference that "the security situation has improved." It will be up the Mozambique government to approve lifting this force majeure.
Consultancy says Brazil's sugar condition is favorable for building global surplus
The Datagro consultancy reported on Wednesday that Brazil's sugar-growing conditions in 2025/26 are favorable, despite the slow start of the harvest. This will contribute to a global surplus expected at 1.53 million tons by 2025/26. Plinio Natari, Datagro’s president and chief economist, stated that the cumulative rains in Brazil’s main sugar region (the center-south, CS) from October to March were among the best rainfalls in the past five years. This helped restore soil moisture. Nastari said that the expected surplus of sugar comes after a deficiency of 4,67 million tons between 2024 and 25.
Brokers say that the global supply of sugar will keep prices in check.
Broker StoneX stated on Tuesday that the expected increases in sugar production by key growers would keep prices under pressure over the coming months and reduce profit margins for millers. StoneX projected that the global sugar supply balance would shift from a negative 2.8 million metric tonnes in October 2024-September 2025, to a positive 3.7 million tons by 2025/26. Monday is a holiday. The market structure has changed. "We had a lot of windows last year to price sugar for mills, but it's changing now." Bruno Lima said that he didn't believe there would be many opportunities for mills to price sugar this year.
US tariffs and Europe's slowdown change global solar panel trade
Trade data revealed that solar panel manufacturers in Laos, Indonesia and Cambodia, which are mostly owned by Chinese companies, increased their market share in the U.S. after tariffs on exports to other Southeast Asian nations, including Cambodia and Thailand were imposed. After two rounds of tariffs last June and November, the U.S. Government finalised steep levies against imports of solar modules and cells from Vietnam, Malaysia and Thailand in April. This was to prevent dumping of these products by factories owned mainly by Chinese in these countries.
US tariffs and Europe's slowdown change global solar panel trade
Trade data revealed that solar panel manufacturers in Laos, Indonesia and Cambodia, which are mostly owned by Chinese companies, increased their market share in the U.S. after tariffs on exports to other Southeast Asian nations, including Cambodia and Thailand were imposed. After two rounds of tariffs last June and November, the U.S. Government finalised its steep levies against imports of solar modules and cells from Vietnam, Malaysia and Thailand in April. This was to prevent dumping of these products by factories owned mainly by Chinese in these countries.
China's solar sector remains red as the trade war causes problems
China's solar producers reported losses in the last week, as President Donald Trump's Trade War put additional pressure on demand. This was an industry that already faced low prices and tariffs for exports to America. Longi Green Energy, JinkoSolar and other top producers reported a combined net loss of 1.4 bn yuan (193 million dollars) in the first quarter. Losses for competitors JA Solar, Trina Solar, and others totaled 1.6 bn yuan, 1.3 mn yuan, and 1.6 mn yuan respectively. Longi, who also reported a loss of 8.6 billion Yuan in 2024, informed analysts on a conference call that the demand for solar products is expected to remain flat in 2025.
US finalizes tariffs against Southeast Asian solar imports
U.S. Trade officials finalized tariffs on solar panels and cells from Southeast Asia. This is a major step in settling a trade dispute that has been raging for a year, with American manufacturers accusing their rivals overseas of flooding the market unfairly with cheap goods. The Commerce Department imposed preliminary antidumping, antisubsidy, countervailing duty on solar equipment imported from Malaysia, Cambodia Thailand and Vietnam last year. Hanwha Qcells from Korea, Arizona's First Solar Inc., and a number of smaller producers filed the case to protect their billions in investment in U.S. Solar Manufacturing.
Asian countries are looking to purchase more US energy in order to balance trade imbalance
As they try to reduce their trade surpluses with Washington, Asian governments are buying more U.S. gas and oil in order to ease their tariff burdens due to President Donald Trump’s new import duties. Many Asian countries have large trade surpluses and also are major energy importers. Trump's tariffs have caused economic and market turmoil. Here are some measures Asian countries will take to increase their purchases of U.S. gas and oil. Energy Minister Bahlil lahadalia said to local media that Indonesia would propose an increase in its imports from the United States of crude oil and LPG (liquefied Petroleum Gas) of around $10 billion…
Asian countries are looking to purchase more US energy in order to balance trade imbalance
As they try to reduce their trade surpluses with Washington, Asian governments are buying more U.S. gas and oil in order to ease their tariff burdens due to President Donald Trump’s new import duties. Many Asian countries have large trade surpluses and also are major energy importers. Trump's tariffs have shook markets and economies. Here are some measures Asian countries will take to increase their purchases of U.S. gas and oil. Energy Minister Bahlil lahadalia said to local media that Indonesia would propose an increase in its imports from the United States of crude oil and LPG (liquefied Petroleum Gas) of around $10 billion…
Thailand will import more US LNG in the next five years.
Thailand will import more LNG from the United States in the next five-year period, said Finance Minister Pichai Chunhavajira on Wednesday. This was ahead of next week's meeting with U.S. officials to discuss tariffs. He said that there is an agreement for the import of 1 million metric tonnes of LNG valued at $500 million in 2020 as part of a plan to total 15 million tons over 15 years starting in 2026. Pichai stated that Thailand plans to sign an additional contract worth $600 million for the purchase of more than 1,000,000 tons of U.S. LNG over the next five-year period.
Malaysia's Petronas has secured extra gas supplies after being hit by the Putra Heights pipeline explosion
Petroliam Nasional, the Malaysian oil-and-gas giant, said it had secured additional supplies of gas to minimize the supply disruptions that were caused by the massive fire that broke out at the Putra Heights Pipeline earlier in the month. PETRONAS Energy & Gas Trading has acquired an additional 155 million cubic feet of gas per day, bringing the total volume of supply to 400 MMSCFD through the Trans Thailand-Malaysia gas pipeline system (TTM), the company announced. Petronas stated that the increased supply of fuel, which is directed to the northern region of Peninsular Malaysia including Bestari Jaya Meru and Kapar…
Indonesia makes trade concessions to the US before talks
Indonesia made a series of concessions to the U.S. on Tuesday. These included reducing taxes on steel and electronic goods, in advance of negotiations with Washington regarding President Donald Trump's tariffs. Next week, the largest economy in South East Asia will send a delegation of high-level officials to the United States to seek a deal that would ease the impact on Wednesday's 32% tariff. Airlangga Hartarto will lead Indonesia's delegation to the U.S. and said that Indonesia intends to purchase liquefied gas, liquefied gas natural, and soybeans as part of its negotiations.
Alaska Governor briefs Trump on Asia Gas Push as Tariffs Bite
Alaska's Governor said that he would brief U.S. president Donald Trump's Administration after returning from Japan in the next week about progress made to secure Asian support for a project to develop natural gas, which has been part of a larger discussion on tariffs and trade. Governor Mike Dunleavy and the leaders of the state-run Alaska Gasline Development Corporation and Glenfarne Group visited Taiwan, Thailand and Japan to seek investors and long-term purchasers for a Trump-inspired project. The visit of the Alaskan delegation coincided with a renewed pressure on trade from Washington.
Intouch shareholders in Thailand approve merger of energy and telecom with Gulf Energy
Shareholders of Thailand's Intouch Holdings approved a merger with Sarath Ratanavadi, a billionaire who owns the power company Gulf Energy on Tuesday. This merger is expected to be worth nearly $25 billion. Gulf Energy's market capitalisation is $7.72 billion while that of its telecom affiliate Intouch, according to LSEG data. Investors in Gulf approved the merger in October 2024. Intouch filed a filing on Tuesday showing that more than 99 percent of its stockholders voted to approve the registered capital for the newly formed entity.
