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Palm oil futures are up on the back of gains in rival oils and ringgit weakness
The price of Malaysian palm oils futures rose on Wednesday as a result of the strength of soyoil in Dalian and Chicago. Weakness?in ringgit also added to support. By midday, the benchmark contract for?palm?oil delivery in March on the Bursa Derivatives Exchange had gained 14 ringgit or 0.35% to 4,004 Ringgit ($988.64).
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The price of gas in Europe is rising due to the forecasted lower temperatures for the weekend
LONDON, 7 January - Dutch wholesale gas prices and British wholesale gasoline prices rose Wednesday morning due to colder weather forecasts for the weekend and next weeks. LSEG data shows that the benchmark Dutch front-month 'contract at TTF hub increased?0.78 euro to 28.80 euros per Megawatt Hour (MWh) at 0901 GMT.
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The European stock rally is stalling as traders evaluate the economic impact of Venezuela
After a string of record-breaking?closes?, European stocks were subdued Wednesday as investors took time to digest recent U.S.?developments? between Venezuela and the United States. They also awaited new economic data. STOXX 600 was slightly lower at 0920 GMT a day after it had reached a new closing record. Investors were cautious when U.S.
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Cold weather increases prompt prices due to a fall in renewable supplies
The European spot electricity prices increased on Wednesday, as the cold weather prompted demand for heating and illumination and a fall in solar and wind power production was expected. The Atlantic coast of Europe was hit by the first named storm of the year, causing more snow and ice to fall.
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Oil Edges Lower as US Reaches Import Deal with Venezuela
Oil extended declines on Wednesday as investors digested statements from President Donald Trump that the U.S. had reached a deal to import up to $2 billion worth of Venezuelan crude, a move that would lift supplies to the world's largest oil consumer.Brent crude futures were down 40 cents, or 0.7%, to trade at $60.31 a barrel by 11:05 a.m.
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Exxon announces a decline in upstream profits for the fourth quarter
Exxon Mobil, the U.S. oil giant, said on Wednesday that lower crude?oil?prices may reduce its fourth-quarter?earnings? by $800 million to $1 billion.
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Iraq nationalises West Qurna 2 Oilfield Operations, Government Says
Iraqi Cabinet has approved the nationalisation of petroleum operations in West Qurna 2 Oilfield, one?of the world's largest oilfields…
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EOG Resources: Higher Venezuelan output and oversupply are weighing down on shale oil prices
Ann Janssen, finance chief at EOG Resources, said that on Wednesday oversupply from Venezuela and possibly higher production…
Latest news
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South Africa relaxes antitrust rules for companies facing high electricity costs
South Africa has loosened its antitrust regulations to allow firms battling high energy costs to build energy infrastructure…
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The European stock rally is stalled as traders evaluate the economic impact of Venezuela
After a string of record closings, European stocks were down?on Wednesday as investors took a break to digest the latest U.S.
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Palm oil futures are up on the back of gains in rival oils and ringgit weakness
Malaysian palm futures soared on Wednesday. This was largely due to a combination of a weaker ringgit and a surge in edible…
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Sunrise Wind, Orsted, challenges US suspension of wind lease
Denmark's Orsted said on Wednesday that its unit Sunrise Wind will challenge the U.S. Government's 'decision' last month…
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Shell purchases stakes in offshore blocks in Angola from Chevron
Shell announced on Tuesday that it has reached an agreement with Chevron to purchase a stake in two offshore blocks in ultra…
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What is the current status of international oil firms in Venezuela following Maduro’s capture?
Here are some key facts about the international oil companies operating in Venezuela. The country, which has the largest oil reserves in the world…
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Bousso: Trump offers US oil companies in Venezuela a poisoned cup
Donald Trump, the president of the United States, is offering U.S. companies an opportunity to revitalize Venezuela's vast…
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EUROPE GAS - European prices are rising as the cold weather continues to be in sight
LONDON, January 6 - Dutch wholesale gas prices and British wholesale gasoline prices both rose on Tuesday, after a 5% drop on Monday…
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Wind power surge cuts spot prices but frost-related demands lend support
The European prompt power price fell on Tuesday, ahead of a near-tripling of German wind power expected on Wednesday and…
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Bousso: Trump offers US oil companies in Venezuela a poisoned cup
Donald Trump, the president of the United States, is offering U.S. companies an opportunity to revitalize Venezuela's vast…
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German spot prices rise as output of renewable energy falls
German day-ahead electricity prices increased on Monday, as the expected decrease in renewables generation offset an anticipated decline in demand.
Shale Oil & Gas
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What is the current status of international oil firms in Venezuela following Maduro’s capture?
Here are some key facts about the international oil companies operating in Venezuela. The country, which has the largest oil reserves in the world…
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Bousso: Trump offers US oil companies in Venezuela a poisoned cup
Donald Trump, the president of the United States, is offering U.S. companies an opportunity to revitalize Venezuela's vast…
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EUROPE GAS - European prices are rising as the cold weather continues to be in sight
LONDON, January 6 - Dutch wholesale gas prices and British wholesale gasoline prices both rose on Tuesday, after a 5% drop on Monday…
LNG
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Asia Spot LNG Prices Rise with South Korean Demand
Asian spot liquefied natural gas prices edged up this week as forecasts for colder weather boosted demand in South Korea…
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US Natural Gas Futures Rise Alongside LNG Export Demand
U.S. natural gas futures rose 4% on Tuesday, boosted by record gas flows to liquefied natural gas export plants and forecasts…
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Gazprom Delivers First LNG Cargo to China Post Sanctions
Russian energy giant Gazprom has delivered a liquefied natural gas cargo from Portovaya LNG plant to China, in the first…
Renewables
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Wind power surge cuts spot prices but frost-related demands lend support
The European prompt power price fell on Tuesday, ahead of a near-tripling of German wind power expected on Wednesday and…
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Palm oil falls on stronger Ringgit, but rivals make up losses
Malaysian palm futures fell on Tuesday, as the weaker ringgit overshadowed 'the strength of rival edible oils from Dalian and Chicago.
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Palm oil prices rise on the back of a weaker ringgit and Chicago soyoil strength
After two sessions of losses, Malaysian palm futures edged higher on Monday as a weaker Ringgit made the vegetable oils cheaper…