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EUROPE GAS-European plunge on milder forecasts, U.S.-Iran diplomacy
Dutch and British wholesale price fell to a two-week low on Monday as the forecasts cooled down and on hopes tensions between Iran and the United States would ease. The Dutch benchmark front month?contract?" at the TTF hub fell 4.92 euros to 34.73 euros per Megawatt Hour (MWh) or $12.06/mmBtu by 0904 GMT. This was its lowest level since January 19.
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Germany's gas production in numbers
Katherina Reiche, Germany's Economy minister is in Saudi Arabia seeking closer ties with the country on energy. Berlin is looking to diversify this sector as its dependence on U.S. Liquefied Natural Gas grows. Why is?GAS Supply a Problem in Germany? Germany was dependent on Russia to supply most of its natural gas for decades.
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Electricity Needs for AI, Data Centers May Turn LNG Glut into Gap by 2030
Growing electricity demand from AI and data centres, together with rising fuel use in Asia and European gas needs could turn an expected global liquefied natural gas supply glut into a shortage by 2030, Qatar Energy CEO Saad al-Kaabi said on Monday.LNG coming online between 2026 and…
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In March, a Greek-led joint venture will provide US LNG to Ukraine
It was announced?on a Monday that a Greek joint venture had signed its first contract to'supply U.S. Liquefied Natural Gas to Ukraine in March.' Greece is seeking to strengthen its role as a gas transit route into Europe, which has plans to ban Russian imports by the end of 2027.
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Moroccan Energy Ministry Pauses Gas Pipeline Project
Morocco's energy ministry said on Monday it has paused a tender launched last month for a gas pipeline project, without giving details on the reasons for the suspension.The tender sought bids to build a pipeline linking a future gas terminal at the Nador West Med port on the Mediterranean…
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Palm oil falls to second session of lower Dalian prices
The Malaysian palm futures continued to lose money on Tuesday, as trading resumed following a long weekend. This was due…
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Grain futures rise as gold and commodities stabilize, while soybeans continue to climb.
Chicago soybean futures rose on Tuesday as traders struggled with teetering commodity markets and rising gold prices. Wheat…
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Activist shareholders ACCR and pension funds urge BP show that shift to oil will deliver value
UK pension funds, European activist shareholders and ACCR have urged BP to 'publish more information' to prove that its strategy…
Latest news
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Brokers say that Brazil's sugar mills will focus more on ethanol because they are underhedged.
Sugarcane producers in Brazil have been very slow to hedge for the season 2026/27 that will begin in April. They are also…
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The US LNG production was cut in January by the winter freeze; imports from Trinidad filled the gap.
LSEG's preliminary data shows that exports of liquefied gas from the U.S. in January fell to 11.3 million metric tons, down…
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Sources say Glencore is close to appointing Citi for merger talks with Rio Tinto as a consultant.
Two people familiar with the matter said that the Swiss miner Glencore was close to appointing Citi as its "lead investment…
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Qatar Energy CEO: By 2030, the LNG glut may be reduced to a gap due to AI power requirements.
Qatar Energy CEO Saad Al-Kaabi said on Monday that the expected global glut of liquefied gas could become a shortage in 2030…
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Auditors say EU efforts to diversify imports of critical raw materials have failed so far
The European Court of Auditors stated on Monday that the EU's efforts in diversifying its imports of metals, minerals and…
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According to QatarEnergy's CEO, the rising demand for AI-powered power could lead to a shortage of LNG in 2030.
Saad Al-Kaabi, CEO of QatarEnergy, said that the growing demand for electricity from AI and data centers, combined with an…
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Equinor sells Argentina assets for $1.1 billion
Norwegian oil company Equinor announced on Monday that it had agreed to sell its onshore assets in Argentina's basin of Vaca…
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Devon and Coterra merge in $58 billion deal to create U.S. Shale giant
Devon Energy and Coterra Energy decided on Monday to merge as part of a $58 billion all-stock transaction, creating a large…
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Energy Commissioner: EU's Russian import ban is legal and will stop 'blackmail,'
Dan Jorgensen, the EU's Energy Commissioner, told reporters on Monday in Lisbon that the decision to ban Russian imports was "100% legal"…
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Prices drop due to lower gas prices and more nuclear
On Monday, the German baseload contract for 2027 dropped as European benchmark gas fell. Several nuclear reactors?returned…
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OPEC+ agrees that oil production will remain unchanged despite Iran tensions
OPEC+ decided to keep its oil production unchanged for March during a meeting on Sunday, the producer group reportedly said.
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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…
Shale Oil & Gas
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Energy Commissioner: EU's Russian import ban is legal and will stop 'blackmail,'
Dan Jorgensen, the EU's Energy Commissioner, told reporters on Monday in Lisbon that the decision to ban Russian imports was "100% legal"…
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Germany's gas production in numbers
Katherina Reiche, Germany's Economy minister is in Saudi Arabia seeking closer ties with the country on energy. Berlin is…
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OPEC+ agrees that oil production will remain unchanged despite Iran tensions
OPEC+ decided to keep its oil production unchanged for March during a meeting on Sunday, the producer group reportedly said.
LNG
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Trinidad's Atlantic LNG Project to Decommission Liquefaction Train
Trinidad and Tobago's flagship liquefied natural gas project, Atlantic LNG, will begin removing one of its liquefaction trains…
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India, UAE Sign $3b LNG Deal, Boost Trade and Defense Ties
India signed a $3 billion deal on Monday to buy liquefied natural gas from the United Arab Emirates, making it the UAE's top customer…
Renewables
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Prices drop due to lower gas prices and more nuclear
On Monday, the German baseload contract for 2027 dropped as European benchmark gas fell. Several nuclear reactors?returned…
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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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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…