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EUROPE GAS-European gas prices increase as cold weather increases demand
Dutch and British gas prices rose on Monday as the cold weather drives up demand for gas heating and also triggers more withdrawals from gas storage facilities. LSEG data shows that the benchmark Dutch front-month contract was up 0.64 Euro at 31.64 euros/MWh, or $10.76/mmBtu at 0849 GMT. This is the highest intraday value in 10 days.
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Energy Transition' Future: Fractured, Bumpy and Long
As COP30 kicks off its second week in Brazil, much has changed since the landmark Paris climate agreement was penned 10 years ago.The spirit of cooperation that once reigned has been shattered by economic rivalries and a stark divergence in climate policies among the world’s biggest…
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Colder weather increases demand for spot prices
The European spot electricity prices rose for Tuesday on the expectation that colder weather forecasts will increase demand for heating. LSEG data shows that the German baseload day-ahead power price at 0846 GMT was 103.55 Euro per megawatt-hour, an increase of 9.3% over Friday's closing price for Monday delivery.
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Kazakh Energy Minister: Government not talking to Lukoil on buying local assets
Energy Minister Yerlan Akkenzhenov stated on Monday that the Kazakh government has not held talks with Russian oil giant Lukoil regarding buying its Kazakh assets. The Russian state media reported earlier that the KazMunayGas head, who is the state-owned oil company of Kazakhstan…
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Officials say Iraq is discussing a six-month waiver for US Lukoil sanctions.
Three Iraqi energy officials said on Monday that the Iraqi government was considering a request for a six-month waiver of sanctions from the U.S. Treasury Department to allow Lukoil more time to dispose of its stake in West Qurna-2, a giant oilfield. Lukoil declared force majeure in the field last week.
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Source: CEOs of Chevron Qualcomm and Pfizer will attend US-Saudi event.
According to a source with knowledge of the event, CEOs from Chevron and Qualcomm will be attending the U.S.-Saudi Arabia…
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Enkraft, an activist fund, urges ABO Energy in a letter to develop a fair M&A procedure.
Enkraft, an activist fund, has written to ABO Energy in Germany to ask them to make sure that all shareholders benefit from…
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Enkraft, an activist fund, urges ABO Energy in a letter to develop a fair M&A procedure.
Enkraft, an activist fund, has written to ABO Energy in Germany to ask them to make sure that all shareholders benefit from…
Latest news
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EIA: US oil and gas rig counts slow despite record production
The U.S. Energy Information Administration reported on Monday that drilling activity in the U.S. has declined even though…
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Siemens Healthineers CEO: We could sell diagnostics division by 2030
Siemens Healthineers has yet to speak with any potential buyers but is considering spinning off or divesting its diagnostics…
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Palmettos end higher due to Indonesian output risks and a softer ringgit
Malaysian palm futures closed slightly higher for the third session in a row on Monday, thanks to a weaker ringgit as well…
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Inox Green, India loses grid access to 300 MW of wind power project after regulators back revocation
Inox Green Energy Services, an Indian developer of clean energy, has lost grid connectivity after it failed to complete its…
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ConocoPhillips finds gas off Australia
ConocoPhillips, the oil giant, announced on Monday that it had discovered gas off of the coasts of southeast Australia. The…
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Ukraine imports US LNG from Greece to meet winter needs
The Ukraine will import U.S. liquefied gas from Greece for its winter requirements from December to March of next year. This…
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Zelenskiy: Ukraine and Greece agree on gas imports
The President Volodymyr Zelenskiy announced on Sunday that Ukraine would receive gas imports to cover its winter requirements from Greece.
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USDA lowers US soya export forecast after China rejects American shipments
U.S. Department of Agriculture reduced its estimate of U.S. soybeans exports for the current crop year on Friday, after China…
Shale Oil & Gas
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ConocoPhillips finds gas off Australia
ConocoPhillips, the oil giant, announced on Monday that it had discovered gas off of the coasts of southeast Australia. The…
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Ukraine imports US LNG from Greece to meet winter needs
The Ukraine will import U.S. liquefied gas from Greece for its winter requirements from December to March of next year. This…
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Zelenskiy: Ukraine and Greece agree on gas imports
The President Volodymyr Zelenskiy announced on Sunday that Ukraine would receive gas imports to cover its winter requirements from Greece.
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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Kuwait's latest tender invites bids on a new 0.5-GW Solar Project
Kuwait invited pre-qualified consortiums to submit bids for a new solar power project of 0.5 gigawatts, which aims to expand…
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USDA lowers US soya export forecast after China rejects American shipments
U.S. Department of Agriculture reduced its estimate of U.S. soybeans exports for the current crop year on Friday, after China…
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USDA reduces US corn and soybean outlook but farmers will reap record-large corn harvest
Farmers in the United States are expecting to harvest a record corn crop, even though the U.S. Department of Agriculture…