Trump removes the word "renewable" from the title of U.S. Energy Lab
In a latest attempt to devalue renewable energy sources like solar and wind, the Trump administration renamed an energy laboratory to remove the term "renewable". The National Renewable Energy Laboratory in Golden, Colorado will be known now as the National Laboratory of the Rockies. This was announced on the lab's website late Monday.
Bousso: New oil quotas system to spur spending with ROI-OPEC+
The changes OPEC+ makes to its oil production quotas will likely trigger a wave upstream investment among members, especially in low-cost Gulf producers. This will reduce concerns about long-term shortages of supply. The Organization of the Petroleum Exporting Countries (OPEC+) and other major oil producing nations including Russia…
India's October to November sugar production rises by 43% due to higher recovery rates
Leading industry bodies reported on Tuesday that India's sugar output in the first two month of the season 2025/26, which began October 1, was up 43% compared to a year ago, due to better recovery rates and quicker crushing in major producing states. It is anticipated that the higher production will allow the second largest sugar producer in world to export excess supplies without fear of shortages at home…
Bousso: New oil quotas system to spur spending with ROI-OPEC+
The changes OPEC+ makes to its oil production quotas will likely trigger a wave upstream investment among its members, especially in low-cost Gulf producers. This will reduce concerns about long-term shortages of supply. OPEC+ (Organization of the Petroleum Exporting Countries) and other major oil producing nations including Russia…
US LNG Exports Hit Record High in November on Cooler Weather
U.S. liquefied natural gas exports hit an all-time monthly high in November for the second straight month, driven by cooler weather and robust output from the country's two largest producers, preliminary data from financial firm LSEG showed on Monday.The U.S., the world's top LNG exporter, shipped 10.9 million metric tonnes last month…
China is preparing for a record-breaking winter in terms of power and gas consumption.
An official of the National Development and Reform Commission said that the peak demand for electricity in China and the peak gas consumption will both be at their highest levels ever recorded this winter. The winter and summer are the peak seasons for electricity demand due to heating and cooling. Shanghai's grid experienced record demand this summer as temperatures spiked.
Orlen to Buy Out Energa Minorities to Take Full Ownership
Polish state-controlled refiner Orlen said on Wednesday it plans to buy out the remaining shares in its utility unit Energa to take full ownership, with a price tag of about 709 million zlotys ($189 million).The move will see Orlen integrate the utility more deeply into its energy transition strategy. The refiner is offering 18.87…
Energy operator warns of emerging risks to UK gas supply as demand declines slowly
The energy operator in Britain warned on Wednesday of possible shortages during the coldest months. In its first assessment of gas supply security since being established last January, the National Energy System Operator stated that while overall demand for gas will decrease as Britain decarbonises it will be slower at peak times.
Abu Dhabi's GSU launches $1 billion energy project in Yemen
On Wednesday, the United Arab Emirates announced that it would launch energy projects in Yemen worth $1 billion to help rebuild its energy sector. These will be implemented through Abu Dhabi-based Global South Utilities. GSU announced in a press release that the agreement would see the company develop a portfolio of projects including solar and wind energy…
Oil Prices Fall as Ukraine Signals Support for Peace Deal
Oil prices fell over 2% on Tuesday after Ukraine hinted that an intense diplomatic push by the U.S. administration to end Russia's war against it could be yielding fruit.An end to the war in Ukraine could pave the way for the unwinding of Western sanctions against Moscow's energy trade, potentially adding more supply at a time…
Brazil views issues related to the import of US biofuels as 'practically solved'
Geraldo Alckmin, the Brazilian Vice-President, said on Tuesday that "practically all issues" related to Brazil's imports from the United States of biofuels had been "resolved". Alckmin, the Minister of Development, Industry, Trade and Services, said that his comments referred to an easing of rules in the RenovaBio Program to address U.S. concern.
Analysis finds that China's coal plant permits will be at a four-year low by 2025.
A new Greenpeace report showed that China's coal plant permits will fall to their lowest level in four years. This is due to the growing demand for renewable energy sources. Greenpeace has found that China allowed 41.8 gigawatts to be added to coal plant capacity during the first quarter of 2025. If the current pace is maintained, the 2025 permits will be the lowest since 2021.
VEGOILS - Palm oil falls for the fourth time in a row, indicating a weakening of Dalian palm oils
Malaysian palm futures fell for the fourth consecutive session on Tuesday. This was due to the weakness of Dalian palm oils, as market participants assessed the flooding situation in Malaysia, the second largest palm oil producer in the world. By midday, the benchmark palm oil contract on Bursa Malaysia's Derivatives exchange was down 30 Ringgit or 0.74% at 4,025 Ringgit ($973.87) per metric ton.
VEGOILS - Palm falls for the third time in a row on weak demand and currency strengthening
Malaysian palm futures declined for three sessions in a row on Monday. The contract closed at its lowest level in 21 weeks as the stronger ringgit weighed on it, and weak demand also contributed to this decline. The benchmark palm-oil contract for February delivery at the Bursa Derivatives Exchange in Malaysia lost 14 ringgit or 0.34% to 4,055 Ringgit ($979.71), its lowest closing price since July 1.
U.S. Companies hold their line in climate talks despite Trump
Despite the U.S. Government's deterioration on climate change ahead of the COP30 Summit, American companies didn't shy away. According to an analysis of the attendance lists, there were 60 Fortune 100 representatives at this year's event in Brazil, as opposed to 50 last year at Baku, Azerbaijan. Others attended pre-conferences in Brazil's financial hub Sao Paulo, and Rio de Janeiro. On a U.N.
VEGOILS Palm prices rise on the back of bargain-buying and production concerns
Malaysian palm futures rose on Monday, after closing at a low for 21 weeks in the previous session. Production concerns and bargain-buying outweighed pressure from an increased ringgit. By midday, the benchmark palm oil contract on Bursa Derivatives exchange for February delivery had gained 14 ringgit or 0.34% to 4,083 Ringgit ($986.23) per metric ton.
Exxon freezes plans for major hydrogen plant amid weak customer demand
Exxon Mobil has halted plans to build one of the largest hydrogen production plants in the world due to low customer demand, CEO Darren Woods said in an interview with Business Insider on Friday. The project's suspension, which was already delayed, reflects the slowdown of efforts by oil and gas companies to switch to cleaner energy sources, as many initiatives are struggling to make a profit.
Ukraine increases gas imports via Transbalkan route amid intensifying Russian strikes
Import data from transit operators shows that Ukraine will dramatically increase its gas imports via southern Transbalkan route, which links it to Greece on Friday in order to replace supplies lost because of Russian attacks. In recent months, drone and missile attacks on Kyiv's infrastructure has forced it to import 4 billion cubic meters of additional gas to cover the gap.
Kyiv confirms that work is continuing on a technical level between teams studying US proposals
A senior Ukrainian official stated on Friday that Ukraine is calling on its partners respect its position while work continues at the technical level in order to study the U.S.-backed end of war plan. Rustem Umerov, secretary of the National Security and Defence Council said Ukraine's principles would not change: "sovereignty of the people, safety, and just peace". According to the U.S.
China's electricity consumption in October is up 10.4% due to a surge in household power usage
The energy regulator reported that China's power consumption in October was up 10.4% compared to the same period last year. This increase is attributed to a surge in consumption by households, industries such as information technology, and consumers who charge and swap batteries. In a Wechat posting, the National Energy Administration (NEA)…