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Japan will increase public funding for nuclear power renewal
Japan has announced plans to increase public funding for its crippled nucleopower sector. This is essential, say experts, to kick-start an industry that was previously financed by utilities owned by shareholders. Japan closed all 54 reactors in the wake of the 2011 Fukushima nuclear disaster.
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MPOC expects crude palm oil to trade at between 3,800 and 4,100 Ringgit in January.
The Malaysian Palm Oil Council announced on Friday that the price of crude palm oil is expected to range between 3,800- 4,100 ringgit (932- $1005) during January. This will be due to low production levels in the first quarter and increased demand for the Lunar New Year (Lunar New Year) as well as the Ramadan holidays.
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German spot prices are impacted by lower demand on Monday
German power prices will likely fall on Monday as a drop in wind power production is expected to be offset by a lower consumption. LSEG data showed that the German and French Monday baseload 'power contracts' were not traded by 8:40 GMT on a Friday. LSEG data shows that German wind…
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Palm slips by more than 1% and records second weekly drop
Malaysian palm futures fell more than 1% Friday, marking a second consecutive weekly decline. Prices were pressured by a stronger ringgit and weaker edible oils. The benchmark contract for palm oil?for?March delivery at the Bursa Derivatives Market in Malaysia fell 74 ringgit (1.86%) to 3…
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Baker Hughes reports that US drillers have cut their oil and gas rigs a second time in a week.
Baker Hughes, an energy services company, said that the U.S. firms have cut back on the number of oil and gas rigs for a second consecutive week for the first time since August. The number of oil and gas rigs, a good indicator of future production, dropped by six in the week ending December 19. This is the lowest since September.
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Japan's JERA receives government subsidy on US ammonia imports
JERA, Japan's largest power generator, has received a 15-year government subsidy to cover the?difference between coal and ammonia prices.
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Putin warns about the risks to top oil producers in EU
Vladimir Putin, the Russian president, warned that international reserves held by the top oil producers of Europe could be…
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The price of gas in Europe is rising due to a decline in wind power production
Dutch and British wholesale prices for gas edged up on Friday as forecasts of lower wind output boosted demand for 'gas from power plants.
Latest news
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SSE's Transmission arm secures £1.34 billion UK-backed facility to Scotland power grid
SSEN Transmission, which is majority owned by SSE Plc has secured a?1 billion pound ($1.34billion)?12 year?bank facility…
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Palm falls on weaker competitors, but ringgit is firm; second weekly fall set to occur
Malaysian palm futures dropped more than 1% Friday, and were on track for a second consecutive weekly drop as weaker rival…
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Lachlan Harris, an insider at Santos Australia, is named finance director
Santos announced on Friday that it had appointed Lachlan Harri as its new 'CFO'. The Australian gas producer is currently…
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Woodside's new CEO must navigate LNG projects with high costs through glut risk
Woodside Energy is facing a leadership shake up after Meg O'Neill's unexpected departure for the top position at?BP. This…
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Poland allocates 3.4GW of offshore wind power in its first auction
?Poland's energy regulator URE announced on Thursday that 3.4 gigawatts of capacity were allocated in the first?competitive…
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Meg O'Neill, BP's new CEO, will be the first woman ever to lead an oil company.
Energy industry veteran Meg O'Neill was tapped by BP as the leader of a shake-up within the London-based 'oil major'. She…
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Russell: Despite Trump's trade moves, the US imports to Asia will drop by 2025.
Asia's imports from the United States of crude oil, coal, and liquefied gas are expected to decrease this year in spite of…
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Woodside's new CEO must navigate LNG projects with high costs through glut risk
Woodside Energy is facing a leadership shake up after BP's?chief executive Meg O'Neill's unexpected departure for the top position at BP.
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German spot on a weaker demand and lower renewables in France
The European spot power prices on the two major markets showed mixed trends on Thursday. In France, the price rose due to…
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JETP estimates Indonesia requires $92 billion for decarbonising the captive power sector by 2050
In a recent report, the Just Energy?Transition Partnership stated that Indonesia will need to invest an estimated $31 Billion…
Shale Oil & Gas
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Salzgitter sues Thyssenkrupp for HKM joint venture
A spokesperson for the company announced on Thursday that Salzgitter had filed an arbitration case against Thyssenkrupp in…
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Meg O'Neill, BP's new CEO, will be the first woman ever to lead an oil company.
Energy industry veteran Meg O'Neill was tapped by BP as the leader of a shake-up within the London-based 'oil major'. She…
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Russell: Despite Trump's trade moves, the US imports to Asia will drop by 2025.
Asia's imports from the United States of crude oil, coal, and liquefied gas are expected to decrease this year in spite of…
LNG
Renewables
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Poland allocates 3.4GW of offshore wind power in its first auction
?Poland's energy regulator URE announced on Thursday that 3.4 gigawatts of capacity were allocated in the first?competitive…
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German spot on a weaker demand and lower renewables in France
The European spot power prices on the two major markets showed mixed trends on Thursday. In France, the price rose due to…
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China's solar industry losses are shrinking due to overcapacity, says an association
According to data presented by a representative of an industry group, losses in China's slumping Solar sector have decreased…