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US Natural Gas Futures Rise as Forecasts Predict Colder Weather
U.S. natural gas futures rose on Friday in thin-volume trading and were on track for a weekly gain, ending a two-week losing streak, as forecasts pointed to colder weather and increased demand in the weeks ahead.Front-month gas futures for January delivery on the New York Mercantile Exchange were up 4.4 cents…
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Analyst Mistry says palm oil prices will be pressured until production is reduced.
Dorab Mistry, an industry analyst, said that Malaysian palm futures will remain under pressure as long as production does not ease. The benchmark palm-oil contract for March delivery at the Bursa Derivatives Market (BMD) was closed on Friday at 4,043 Ringgit per metric ton, after having fallen to its lowest level in over six months in December.
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German Spot Contract Lifted by Lower Wind Power Supply
On Monday, the German baseload contract increased due to a waning wind supply and a slight increase in demand. LSEG data shows that the German day-ahead power contract for baseload power was at 111 euros ($129.73 per megawatt hour) at 0923 GMT. This is a?17.7% increase from Friday's closing price.
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Ghana pays $1.47 billion to settle energy debts
Ghana's Finance Ministry announced on Monday that the government will pay $1.47 billion to settle legacy energy sector debts in 2025, including restoring a depleted World Bank guarantee, and paying arrears to power producers. Ghana's?sector of power? has been struggling with unpaid debts, which have caused a dramatic increase in blackouts.
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Oil Prices Dip as Investors Consider Iran Supply Concerns, Venezuelan Exports
Oil prices fell slightly on Monday after Iran said it had total control following the biggest anti-government demonstrations in years, easing some concerns over supply, while investors also weighed efforts to resume oil exports from Venezuela.Brent crude futures lost 28 cents, or 0.44%, to $63.06 a barrel by 1402 GMT while U.S.
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Diamondback Energy reports lower oil prices in the fourth quarter
Diamondback Energy, the U.S. producer of shale oil, announced on Monday that its oil prices were lower in 'the fourth quarter'…
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US Judge allows Danish firm Orsted to resume Rhode Island offshore project that Trump stopped
The federal court on Monday allowed Danish offshore wind developer Orsted, along with four other projects that were halted by the U.S.
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US oil lobby group supports repeal of climate rule for vehicles but not power plants
According to its president, the American Petroleum Institute supports EPA's proposal to repeal greenhouse gas regulations for vehicles.
Latest news
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API chief: US oil industry needs to reform its Venezuela policy on security in order to enter the country.
American Petroleum Institute President Mike Sommers said that the U.S. Oil Industry must have in place a number of prerequisites in Venezuela…
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US corn stocks set December 1 record after huge harvest, USDA says
U.S. grain companies and farmers 'held the most corn in storage ever as of December 1', the U.S. Department of Agriculture announced on Monday.
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Sources say BHP will not bid on Rio-Glencore, but wait for the talks to conclude.
BHP will wait for Rio Tinto to complete its talks with Glencore to create the world's biggest mining company. The deal would?create?the…
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Morocco targets $10 billion AI contribution by 2030
The?minister responsible for digital transition announced on Monday that Morocco targets a boost of 10 billion dollars ($100…
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Sources say that BP's interim CEO has pledged to continue focusing on costs after Auchincloss' departure.
According to a pair of people who attended the meeting, BP's interim CEO Carol Howle said that the company is focusing on…
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US Supreme Court rejects Citigroup's appeal in lawsuit against Mexican oil company fraud
The U.S. Supreme Court declined to hear Citigroup’s appeal on Monday, despite the fact that the lawsuit accused the?bank…
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Venture Global lowers its profit forecast for 2025 due to volatile LNG prices and transport problems
Venture Global, an LNG company, cut its "full-year core profit forecast" for 2025 on Monday. This was lower than Wall Street expectations…
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Norway will outline future oil and gas drilling in its 2027 policy update
The Norwegian government announced 'on Monday' that it would present to the parliament a document next year on 'the future of oil and gas'…
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Palmettos end higher due to strong export demand and anticipation of lower output
The price of palm oil in Malaysia rose on Monday due to a stronger export demand and an expectation that production will…
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EUROPE GAS - European benchmark hits 7-week-high on low storage, cold and geopolitics
The benchmark European gas contract reached a seven-week high due to colder weather forecasts and low storage levels, as…
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Palm prices are little changed, traders say
Malaysian palm futures were mostly flat on Monday, as traders assessed the demand and supply data from the palm oil board.
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Egypt signs renewable energy contracts worth $1.8 billion
State TV reported that Egypt had signed renewable energy contracts worth $1.8 billion. Contracts were signed with Scatec…
Shale Oil & Gas
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EUROPE GAS - European benchmark hits 7-week-high on low storage, cold and geopolitics
The benchmark European gas contract reached a seven-week high due to colder weather forecasts and low storage levels, as…
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Commonwealth LNG receives US approval to export non-FTA products for 20 years
Commonwealth LNG, a U.S. company, has been granted a 20-year export license from the Department of Energy for liquefied?gas…
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Trump calls on US oil companies to fix Venezuela's rotting energy industry
Donald Trump, the U.S. president, began a meeting at the White House on Friday to discuss Venezuela. He said he wanted executives…
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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Palmettos end higher due to strong export demand and anticipation of lower output
The price of palm oil in Malaysia rose on Monday due to a stronger export demand and an expectation that production will…
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Palm prices are little changed, traders say
Malaysian palm futures were mostly flat on Monday, as traders assessed the demand and supply data from the palm oil board.
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Egypt signs renewable energy contracts worth $1.8 billion
State TV reported that Egypt had signed renewable energy contracts worth $1.8 billion. Contracts were signed with Scatec…