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German forward contracts fall with the falling carbon price
German power contracts for the year ahead fell on Friday as a result of further declines in carbon markets. German baseload for the year ahead fell 0.4%, to 85.89 Euros ($102.43), per megawatt-hour at 0925 GMT. This was due to lower carbon permit prices. The French equivalent, with a price of 51 Euros/MWh, was not traded.
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Palm oil snaps a four-month losing streak thanks to rival crude and oils
Malaysian palm-oil futures ended a four month losing streak on the Friday, even though they closed lower for that day. The ringgit fell as well. It rose every week to?a 4.42% gain in January, boosted by higher crude oil and soyoil prices, positive output and export figures, and supportive data.
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Bousso: ROI-Oil is not able to break through the range of its current price because it needs a shock from Iran's supply, but a tough talk.
Even though oil prices rose 15% in January on the back of fears that a new U.S. attack on Iran was imminent, they remain in a narrow range. A well-supplied crude oil market will not allow for much more price increase from either side. It would take a massive action to?have a lasting impact on the global balance of supply and demand.
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Imperial Oil shares drop on lower profits; CEO says Venezuelan situation has little impact.
Imperial Oil, a Canadian oil company, saw its share price fall Friday due to a 'lower' fourth-quarter profit. However, the CEO of the company expressed confidence that the company would be able to withstand any changes in crude flow that might occur as a result of the current situation in Venezuela.
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Trump declares that India will purchase oil from Venezuela and not Iran
U.S. President Donald Trump on Saturday said India will buy Venezuelan oil, helping to replace some of the Russian oil that the world's third-biggest oil importer buys. "We've already made that deal, the concept of the deal," Trump told reporters aboard Air Force One as he traveled…
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Whiting refinery workers reject contract extensions
United Steelworkers members at ?BP's 440,000-barrel-per-day refinery in Whiting, Indiana, rejected the company's ?offer to…
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Kazakhstan announces that oil production at Tengiz has resumed
The energy ministry announced on Saturday that oil production at Kazakhstan's massive Tengiz Oilfield has been restored,…
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SOLV Energy aims for $5 billion valuation at US IPO
SOLV Energy, a solar and battery storage company, said Friday that it aims to achieve a valuation up to $4.99 Billion in…
Latest news
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Mexico tries to avoid US tariffs for states that ship oil to Cuba
Mexico will look for diplomatic solutions to help Cuba. Mexican President Claudia Sheinbaum said on Friday that the country…
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Baker Hughes reports that US drillers added oil and gas rigs in the US for the second consecutive week.
Baker Hughes, a leading energy services company, said that U.S. firms added oil and natural gas rigs this week for a second…
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WTO panel supports China in its case against US clean-energy subsidies
The World Trade Organization panel backed China's complaint on Friday, and recommended changes to the?U.S. Beijing claimed…
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Trinidad and Tobago talks with Indian Oil about reviving refinery
Trinidad and Tobago is in talks with ?Indian Oil Corp to restart its mothballed 165,000-barrel-per-day Guaracara oil refinery…
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In January, the US accounted for 60% of Europe's LNG imports.
Data?showed that the United States provided 60% of Europe's liquefied gas in this month. This confirms its position as Europe's leading LNG?supplier…
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Exxon CEO: First LNG expected at Golden Pass in March
Exxon Mobil's CEO Darren Woods announced on Friday that production?of liquefied gas will begin at the Golden Pass export terminal in Texas in March.
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Poland increases air defences by $1.7 billion with a Kongsberg drone-defence purchase
Norwegian defence company, 'Kongsberg Gruppen' announced on Friday that it has won a 16 billion crown order ($1.67billion)…
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India's BPCL seeks renewable energy investments abroad
Bharat Petrol Corp. (BPCL), a state-run refiner in India, is scouting for global opportunities. These include strategic investments…
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Hokkaido Electric will build a new gas-fired power plant and LNG terminal by the mid-2030s
Hokkaido Electric Power announced on Friday that it would build a new gas fired power station in Tomakomai (northern Japan)…
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Sources say that OPEC+ will pause oil production in March due to the price increase.
Five delegates said that OPEC+ will likely pause its oil production increases in March when it meets on Sunday. This is despite…
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EUROPE GAS: Prices firm on LNG storage and concerns
The prices of Dutch and British gas contracts were mostly firmer on Friday. This was due to low storage levels and the cold…
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Canada and Australia LNG cargoes headed to the Atlantic after Arctic storm in a rare move
Ship tracking data revealed that at least three LNG cargoes, loaded in Australia and Canada, are headed to Europe and the Americas…
Shale Oil & Gas
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Hokkaido Electric will build a new gas-fired power plant and LNG terminal by the mid-2030s
Hokkaido Electric Power announced on Friday that it would build a new gas fired power station in Tomakomai (northern Japan)…
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Sources say that OPEC+ will pause oil production in March due to the price increase.
Five delegates said that OPEC+ will likely pause its oil production increases in March when it meets on Sunday. This is despite…
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EUROPE GAS: Prices firm on LNG storage and concerns
The prices of Dutch and British gas contracts were mostly firmer on Friday. This was due to low storage levels and the cold…
LNG
Renewables
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India's BPCL seeks renewable energy investments abroad
Bharat Petrol Corp. (BPCL), a state-run refiner in India, is scouting for global opportunities. These include strategic investments…
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German forward contracts fall with the falling carbon price
German power contracts for the year ahead fell on Friday as a result of further declines in carbon markets. German baseload…
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Octopus Energy, a UK-based renewable energy company, will trade in China as the relationship between China and the UK strengthens
Octopus Energy is Britain's biggest electricity supplier by share of market. It announced a joint venture with China's PCG…