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QatarEnergy Secures LNG Supply Deal with Jera as Demand Surges
QatarEnergy, one of the world's biggest LNG suppliers, signed a deal on Tuesday with Japan's top power generator Jera to supply 3 million tons of LNG annually for 27 years from 2028, further strengthening Qatar's position in the Japanese market.The agreement, made on the sidelines of the LNG2026 conference in Doha…
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Norway Socialist Party Withdraws Support for LNG Electricity Project Opposition
Norway's Socialist Party has withdrawn its support for a proposal to block Equinor's Hammerfest liquefied natural gas plant from receiving a planned onshore power connection, clearing the way for the grid development to proceed.Parliament is due on Thursday to vote on an opposition proposal seeking to revoke the LNG plant's planned link to the powe
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Palm oil catches up with Dalian rivals, but stronger ringgit limits gains
Malaysian palm futures rose on Wednesday, after two straight sessions of declines. Gains in Dalian vegetable oils outweighed pressure from the stronger ringgit and?weakness Chicago soyoil. By midday, the benchmark palm oil contract on Bursa Derivatives Exchange for April delivery had gained 5 ringgit (0.12%) to 4…
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Kuwait Oil Co in Talks with US to Develop Shale Resources
Kuwait Oil Company is in talks with some U.S. firms including Devon Energy and EOG on potential cooperation to develop its shale oil and gas resources, its CEO said on Thursday.KOC is "engaging with some U.S. operators to explore how their expertise can support the development of Kuwait’s shale oil and shale gas resources"…
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Norway Parliament Rejects Challenge to LNG Plant's Power Supply Plan
Norway's parliament on Thursday rejected a proposal to block Equinor's plan to supply electricity to its Hammerfest liquefied natural gas (LNG) plant from the region's power grid, allowing the ongoing development to continue.Opposition parties had sought to revoke the LNG plant's planned link to the power grid, but the motion failed when the Social
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Palm oil prices drop on Dalian pressure and demand concerns
Malaysian palm futures declined on Thursday due to a weaker Dalian vegetable oil and demand concerns amid a stronger ringgit.
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Sources say that Rio Tinto will ask for more time to consider the Glencore deal.
Three people with knowledge of the talks said that Rio Tinto and Glencore will announce a delay in the merger talks before…
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Officials say that Indonesia will increase the mandatory bioethanol content in gasoline from 5% to 10% by 2028.
Tri Winarno, a senior official in the energy ministry, said that Indonesia will impose a 10% bioethanol content requirement for gasoline by 2028.
Latest news
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Beach Energy's profit falls on account of higher costs and lower oil prices
Beach Energy, Australia, reported a 8% drop in its first-half profits?on Friday, due to higher costs of sales and lower oil and liquids price.
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Chinese solar stocks jump on news of Musk's visit, but some firms deny cooperating
Chinese solar shares rose on Wednesday, after local media reported Elon 'Musk sent delegations to visit various companies.
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Brazil's oil regulator authorizes Petrobras to resume Foz do Amazonas drilling
A document obtained by?showed that Brazil's oil regulator ANP had?authorized the?state-run Petrobras on Wednesday to resume…
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GRAINS-Chicago soya beans jump to a two-month high after Trump's comments
Chicago Board of Trade soybean contracts hit a 2-month high following remarks by U.S. president Donald Trump regarding China purchasing more U.S.
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The Financial Times reports that Rio Tinto wants to be at the forefront of Glencore merger discussions.
The Financial Times reported that Rio Tinto wants to keep its chairperson and CEO, but Glencore wants a large premium. This…
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Bunge's forecast profit is below estimates due to trade and biofuel uncertainties
Bunge Global, the world's biggest oilseed processor, forecast lower-than expected profit in 2026 on Wednesday. The company…
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Mexico's Pemex will supply $496 million worth of oil to Cuba by 2025
Mexico's Pemex provided crude oil and petroleum products worth $496m to Cuba in 2025, through a contract that was effective since 2023.
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GRAINS-Chicago soya beans jump to a two-month high after Trump's comments
Chicago Board of Trade soybean contracts hit a two month?high following remarks by U.S. president Donald Trump regarding?China purchasing more U.S.
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Oil majors buy up West African oil blocks to prepare for the next Brazil
Chevron, TotalEnergies and other oil majors are snatching up offshore blocks off the coast of West and Southern Africa. Geology…
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Equinor announces a sharp fall in capital spending next year and cuts back on buybacks by 70 percent
The company said that it would cut back on share buybacks to 70%, and reduce investment in renewables and low emissions energy.
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Germany's Uniper stresses diversification and downplays the increasing reliance on US Liquefied Natural Gas
DOHA, February 4 - The top executive of a German utility Uniper played down European concerns about the growing dependence…
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Equinor sold around 30% of its US Gas on the spot market during January's price spike
Equinor, a Norwegian company, sold 30% of its U.S. natural gas assets in January on a'spot basis,' capitalizing on a chilly…
Shale Oil & Gas
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Germany's Uniper stresses diversification and downplays the increasing reliance on US Liquefied Natural Gas
DOHA, February 4 - The top executive of a German utility Uniper played down European concerns about the growing dependence…
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Equinor sold around 30% of its US Gas on the spot market during January's price spike
Equinor, a Norwegian company, sold 30% of its U.S. natural gas assets in January on a'spot basis,' capitalizing on a chilly…
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Russia's oil & gas revenues halved y/y in January to the lowest level since July 2020
According to data from the Finance Ministry, Russian state oil revenues and gas revenues fell by half in January, compared…
LNG
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Norway Socialist Party Withdraws Support for LNG Electricity Project Opposition
Norway's Socialist Party has withdrawn its support for a proposal to block Equinor's Hammerfest liquefied natural gas plant from receiving a planned o
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QatarEnergy Secures LNG Supply Deal with Jera as Demand Surges
QatarEnergy, one of the world's biggest LNG suppliers, signed a deal on Tuesday with Japan's top power generator Jera to…
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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…
Renewables
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Equinor announces a sharp fall in capital spending next year and cuts back on buybacks by 70 percent
The company said that it would cut back on share buybacks to 70%, and reduce investment in renewables and low emissions energy.
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Palm oil surpasses Dalian rivals in price
Malaysian palm oils futures rose on Wednesday, after two sessions of falls. They followed gains in Dalian vegetable oil,…
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French spots are affected by the warmer temperatures and increasing wind supply
The French spot electricity price for Thursday dropped as the wind energy supply was expected to increase and demand to drop due to warmer weather.