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Russian Oil Exporters Struggle to Stay Afloat as Discounts Deepen
Discounts on Russian oil at export terminals have once again approached historic highs, putting pressure on exporters' trade profits amid weak global oil prices, Reuters calculations show.Western sanctions over Russia's military action in Ukraine have forced its oil companies to sell crude at steep discounts…
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Oil Prices Stabilize as Russia-Ukraine Peace Hopes Fade, Yemen Tensions Rise
Oil prices were steady in choppy trade on Tuesday as investors weighed dented hopes of a Russia-Ukraine peace deal and rising geopolitical tensions in the Middle East around Yemen.Brent crude futures for February delivery, which expire on Tuesday, were up 3 cents, or 0.05%, at $61.97 a barrel at 1:18 p.m. EDT.
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The Dutch benchmark is expected to finish the year 40% lower than last year's price.
The Dutch and British gas wholesale prices were not much changed on Wednesday morning as wind power output curbed gas plant demand. However, the benchmark Dutch contract for the front month of 2025 is expected to be around 40% lower than it was at the beginning of the year. LSEG data…
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Saipem awarded $425 million contract to develop Turkey's largest offshore gas field
Italian engineering group Saipem won a $425-million contract to continue the development of Turkey’s largest offshore natural gas field. The contract, awarded by Turkish Petroleum OTC covers the third phase in a project for the development of the Sakarya Field, with a focus on the construction three additional?pipelines…
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What just happened? Ten charts that will help you understand the market in 2025
The past year will not be forgotten soon. The conventional wisdom about investor behavior and economics was often challenged in 2025 as technology, energy, and geopolitics influenced markets in unexpected ways. Here are ten charts that explain what happened in the year 2025, and what this might mean for 2019.
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Palm oil to end with a nearly 9% decline by 2025
Malaysian palm futures ended lower on Wednesday, as participants in the market booked profits before?the New Year holidays.
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UK-based Harbour Energy is named as the operator of Mexico's Zama Oilfield
Harbour Energy, a British company focusing on the North Sea, announced Wednesday that it had been named the operator of the…
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New York Times Business News - December 31,
These are the most popular stories from the New York Times business pages. These'stories' have not been verified and we cannot…
Latest news
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Baker Hughes reports that US drillers added oil and gas rigs in the US for the second consecutive week.
Baker Hughes, an energy services company, said that U.S. firms added oil and natural gas rigs this week for the second consecutive week.
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Octopus energy reports loss for the year as investments weigh
Octopus Energy, a British company, reported a pre-tax loss for the year ending Tuesday. This was due to spending heavy amounts to expand its business…
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What just happened? Ten charts that will help you understand the market in 2025
The past year will not be forgotten soon. The conventional wisdom about investor behavior and economics was often challenged in 2025 as technology…
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Palm oil futures are falling, and will likely lose money annually in 2025
Malaysian palm futures dropped on Wednesday, and are headed to a loss by 2025 - a volatile year plagued by geopolitical uncertainty and tariffs.
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Russell: Commodities battered by Trump's whirlwind will find relief in 2026.
The whirlwind tariffs and policies of U.S. president Donald Trump will continue to impact commodities for some time. While…
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French electricity prices drop as wind power increases
On Monday morning, the French spot day-ahead power price fell on expectations of increased wind power production. In Germany…
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EUROPE GAS: Cold spell pushes Dutch benchmark contract up by one month
Dutch and British gas rates rose on Monday, the European benchmark contract reaching a one-month high after the holidays…
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London's FTSE 100 ends lower in a shortened Christmas Eve Session
Investors trimmed positions in pharma giants AstraZeneca & GSK in a shortened Christmas Eve session. The UK's blue chip FTSE…
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FTSE 100 ticks down in shortened Christmas Eve Session
The FTSE 100 dipped on Wednesday as gains in homebuilders were offset by losses in healthcare during a shortened Christmas Eve session.
Shale Oil & Gas
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EUROPE GAS: Cold spell pushes Dutch benchmark contract up by one month
Dutch and British gas rates rose on Monday, the European benchmark contract reaching a one-month high after the holidays…
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London's FTSE 100 ends lower in a shortened Christmas Eve Session
Investors trimmed positions in pharma giants AstraZeneca & GSK in a shortened Christmas Eve session. The UK's blue chip FTSE…
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Engineers say that Iraq's gas supply from Iran, which was halted for a while, is expected to resume within a week.
An?engineer from the?electricity ministry said on Wednesday that Iraq's gas supply from Iran should resume within a few days.
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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Russell: Commodities battered by Trump's whirlwind will find relief in 2026.
The whirlwind tariffs and policies of U.S. president Donald Trump will continue to impact commodities for some time. While…
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French electricity prices drop as wind power increases
On Monday morning, the French spot day-ahead power price fell on expectations of increased wind power production. In Germany…
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Palm snaps four-session rally due to high stock prices
Malaysian palm futures ended a four session rally on Monday. They were weighed down by increased inventories but kept in…