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Urals Shipping Rates to India Rise in October
Freight rates for shipping Urals crude from Russia’s western ports to India rose sharply in October, driven by strong export volumes and mounting sanctions pressure, industry sources told Reuters.U.S. President Donald Trump on Wednesday imposed further sanctions on Russia's two largest oil producers…
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North Dakota oil production likely to increase in September, but will continue on a downward trend for the long term, says regulator
North Dakota's oil production will likely have increased slightly in September, but it is still on course to decline in the long term due to natural decline of the wells. North Dakota has the Bakken oilfield. This massive shale oil field helped the U.S. become the largest oil producer in the world.
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U.S. natural-gas sector deals will surge in 2025 due to AI and LNG demand from Asia
Analysts say that U.S. Natural Gas dealmaking is expected to increase in 2025, due to the record demand for power from AI data centres, increased LNG exports, and renewed Asian investments. According to the U.S. Energy Information Administration, data centers will be responsible for a surge in electricity demand that is unprecedented this year.
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Baker Hughes reports that US drillers have added oil and gas rigs to their fleets for the second week running.
Baker Hughes, a leading energy services company, said that U.S. firms added oil and gas rigs this week for the second consecutive week for the first since September. The number of oil and gas drilling rigs, a good indicator of future production, increased by two in the week ending October 24 to reach 550, its highest level since June.
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US regulators are pushed to connect data centers with grid
The U.S. Energy Secretary Chris Wright directed federal energy regulators this week to examine a rule that would speed up the connection between power-hungry, data centers and electric grids. Wright sent a rule to the Federal Energy Regulatory Commission on Thursday, allowing customers to submit joint…
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Mexico's Pemex claims it has halved its supplier debt under the current government
The chief executive of Pemex, Mexico's state owned oil company, said that the company has paid off half its debts with suppliers…
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Sources say that Congo's cobalt exporters are still waiting for approvals.
Four industry sources said that cobalt producers are still waiting on government approval for the resume of exports. A quota…
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France's offshore Wind sector is battered by government crises
Offshore wind developers, and suppliers of equipment are bracing themselves for a slowdown. A political crisis in France…
Latest news
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Turkmenistan will maintain its gas production next year
Turkmengaz, the state-owned energy company, said that Turkmenistan's natural gas production will remain at 80 billion cubic meters in 2025-2026.
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After US sanctions, Bulgaria takes measures to protect its Lukoil refinery
Zhecho Stankov, Bulgaria's Energy Minister, said that the country is taking steps to ensure an uninterrupted supply of oil…
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Andy Home highlights the impact of mine supply strikes: ROI-Copper Study Group
Copper mine supply disruptions are nothing new, but the current year has been particularly difficult for a sector racing to meet smelter demands.
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EUROPE GAS - European prices drop after a short-lived price boost.
The Dutch and British gas contract on Friday lost gains made in the previous session due to concerns about the impact of…
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Prime Minister says nuclear power and perovskite as Japan's energy sources are important
Sanae Takaichi, the Japanese prime minister, told the parliament on Friday how important it is for Japan to have its own…
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Minister: Indonesia will introduce bioethanol blend gasoline as a mandatory requirement in 2027
Indonesia will impose a 10% bioethanol content requirement for gasoline by 2027 as part of its efforts to reduce its dependence on fuel imports…
Shale Oil & Gas
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SNB divests from extractive industries with new divestment.
Swiss National Bank sold its stake in Anglo Australian miner Rio Tinto, adding to a recent series of divestments by companies…
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Prime Minister says nuclear power and perovskite as Japan's energy sources are important
Sanae Takaichi, the Japanese prime minister, told the parliament on Friday how important it is for Japan to have its own…
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Eni increases share buybacks after Q3 results better than expected
Eni, the Italian energy company, announced on Friday that it would increase the share buybacks by 20% following better than…
LNG
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North American LNG Exporters Look to Double Capacity by 2029
Liquefied natural gas exporters in the U.S. have announced plans to more than double U.S. liquefaction capacity, adding an…
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UK Targets Lukoil, Rosneft, Shadow Fleet with Sanctions
Britain targeted Russia's two largest oil companies, Lukoil and Rosneft, and 51 shadow fleet tankers on Wednesday in what…
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Germany Sets New LNG Import Terminals into Operation
Germany is putting natural gas import terminals into operation as part of the country's efforts to replace piped Russian…
Renewables
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What are the main issues in India-U.S. Trade Talks?
U.S. president Donald Trump said that he spoke to Indian Prime Minister Narendra Modi this week about trade and that Modi…
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Palm trades lower and is set to suffer a second weekly loss
Malaysian palm futures fell on Friday and are on course to record its second consecutive weekly loss. The market is range-bound…
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Minister: Indonesia will introduce bioethanol blend gasoline as a mandatory requirement in 2027
Indonesia will impose a 10% bioethanol content requirement for gasoline by 2027 as part of its efforts to reduce its dependence on fuel imports…