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German spot price drops by 200 Euros on cold, still weather
German spot power prices for Tuesday increased on the expectation of a sharp decline in wind power supplies, while colder temperatures will increase demand for heating. The French baseload electricity price dropped over the weekend, despite the increase in nuclear power. The spot…
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Russell: COP30 agreement is not important in the battle between renewables and fossil fuels.
It was not realistic to expect anything better from the COP30 Climate Summit than a weak statement that omitted all mention of fossil fuels. It was never going to be easy to bring nearly 200 countries together with vastly different perspectives and make a statement of commitment to fight climate change.
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Brann Named Business Manager at MiM
Marketing in Maritime (MiM), the specialist networking and development community for marketing and communications professionals in the marine and energy sectors, appointed Kae-Ley Brann to a new role of Business Manager.Brann joins at a pivotal time in the Marketing in Maritime journey…
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JPMorgan Projects Brent Crude at $57/Barrel, WTI at $53 in 2027
JPMorgan forecast on Monday Brent crude at $57 a barrel and West Texas Intermediate (WTI) at $53 in 2027, while keeping its 2026 estimates unchanged at $58 and $54 respectively.Brent crude futures were trading around $62.54 a barrel as of 1434 GMT, while U.S. West Texas Intermediate crude was trading at $58.08.
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US federal funds for energy production will decline by 11% by 2025
Interior Department reported on Friday that revenue from energy production in U.S. public waters and lands fell by 11% to $14.61 Billion during the last fiscal year, citing lower commodity prices like oil. The total is the lowest since 2021 - the first year under the administration of U.S. president Joe Biden - but the fifth highest since 1982.
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BB Energy, a Houston-based trader, has parted ways with several Houston traders as part of a major reorganization.
Sources familiar with the situation said that commodities trader BB Energy laid off more than a dozen employees from its…
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Commodities trader BB Energy lays some Houston traders off in major reorganization
Sources familiar with the situation said that BB Energy, a commodities trader, has cut over a dozen employees from its Houston office.
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Abu Dhabi Oil and Gas Group plans to invest $150 billion in 2026-2030
ADNOC, the state-owned oil company of Abu Dhabi, announced on Monday that it plans to invest $150 billion between 2026 and…
Latest news
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EUROPE GAS-European benchmark falls to its lowest level in 18 months on the back of a milder outlook and peace talks with Ukraine
On Monday, the European benchmark contract fell under 30 euros for first time since May 20, 2024. This was due to forecasts…
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X-energy raises $ 700 million for nuclear reactor expansion projects in the US
X-energy, a developer of nuclear reactors, announced on Monday that it had completed a $700m financing round led Jane Street.
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VEGOILS - Palm falls for the third time in a row on weak demand and currency strengthening
Malaysian palm futures declined for three sessions in a row on Monday. The contract closed at its lowest level in 21 weeks…
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UBS raises copper outlook as mine disruptions deepen supply deficits
UBS said that it expects the copper price to increase into next year. The bank cited tightening supplies due to mine disruptions…
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Russell: COP30 agreement is not important in the battle between renewables and fossil fuels.
It was not realistic to expect anything better from the COP30 Climate Summit than a weak statement that omitted all mention of fossil fuels.
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Baker Hughes reports that US drillers have added oil and gas rigs to their fleets for the third consecutive week.
Baker Hughes, a leading energy services company, said that U.S. firms added oil and gas rigs this week for the third consecutive…
Shale Oil & Gas
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US EXIM will invest $100 billion in order to secure vital mineral supplies, FT reports
John Jovanovic, chair of the U.S. Export-Import Bank, told The Financial Times that the bank will invest $100 billion in order to secure U.S.
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Schedule for US Energy Data in the week of Nov. 23
Thanksgiving Day, which falls on Thursday November 27, will impact the schedule for the release of major energy data during the week beginning Nov.
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Baker Hughes reports that US drillers have added oil and gas rigs to their fleets for the third consecutive week.
Baker Hughes, a leading energy services company, said that U.S. firms added oil and gas rigs this week for the third consecutive…
LNG
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Canada Names Ksi Lisims LNG Project for Fast-Tracking
Canada said on Thursday it will add the proposed Ksi Lisims LNG facility to its major projects list for fast-tracking, a…
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US Natural Gas Futures Reach Eight-Month Peak
U.S. natural gas futures scaled an eight-month peak on Monday, buoyed by robust flows to liquefied natural gas (LNG) export…
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Ukraine Increases US LNG Imports via Poland for Winter
Ukrainian state oil and gas firm Naftogaz said on Friday it was increasing imports of U.S. liquefied natural gas through Polish firm Orlen and U.S.
Renewables
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VEGOILS Palm prices rise on the back of bargain-buying and production concerns
Malaysian palm futures rose on Monday, after closing at a low for 21 weeks in the previous session. Production concerns and…
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Russell: COP30 agreement is not important in the battle between renewables and fossil fuels.
It was not realistic to expect anything better from the COP30 Climate Summit than a weak statement that omitted all mention of fossil fuels.
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Pakistan claims rooftop solar production will exceed grid demand at some hubs in the next few years
Next year, rooftop solar power generation in Pakistan will surpass the electrical grid's daytime demand for the first-time…