-
Afreximbank and Heirs Energies sign a $750 million financing agreement to boost Nigeria's gas and oil output
The African Export-Import Bank and Heirs Energies Ltd signed a $750 million financing agreement on Monday to fund the 'field development program' in Nigeria and strengthen the capital structure of the energy firm. Afreximbank arranged a dual-tranche senior secured, reserve-based loan facility that will support Heirs Energies in its growth strategy…
-
Sources say that samples are collected in Congo for the first shipment of cobalt by CMOC.
Two government sources have confirmed that the Democratic Republic of Congo is collecting samples to prepare for the first shipment of cobalt by Chinese company CMOC under a new quota-based system. This shipment, which should take place within days, will be the first of its kind.
-
Gulf Stock Markets Rise on Increasing Oil Prices
Most stock markets in the Gulf ended higher on Monday, helped by rising oil prices and positive market sentiment amid growing expectations of additional Federal Reserve rate cuts.Oil prices - a catalyst for the Gulf's financial markets - rose after the U.S. intercepted an oil tanker in…
-
FEATURE-AI data explosion in Mexico fuels rise of dirty energy
The country's power infrastructure is overloaded and pollution has increased due to the shortfall in green power, despite promises by government and industry to increase capacity. The data centers are huge warehouses that are the size of Olympic stadiums. They sprawl over industrial parks and house hundreds of servers…
-
Oil Prices Rise as US Continues Tanker Interceptions Offshore Venezuela
Oil prices settled higher on Monday after the U.S. Coast Guard tried to intercept an oil tanker in international waters near Venezuela a day earlier, and Ukraine damaged two vessels and piers in Russia, raising the risk of oil supply disruptions.Brent crude futures gained $1.60, or 2.7%, to settle at $62.07 a barrel, while U.S.
-
Equinor has announced that it will comply with the stop-work order issued by the US Department of Energy for offshore wind projects
OSLO, December 22 - Norwegian Energy Group Equinor announced?on Sunday that it was complying?with a?stopwork order issued by the U.S.
-
ComBio Brazil expects revenues to reach $430 million as corn ethanol customers increase production
Commercial director Ricardo Blandy, Brazil's biggest supplier of renewable thermal power for industrial clients, said that…
-
AI data explosion in Mexico fuels growth in dirty energy
The lack of green power, despite promises by government and industry to increase capacity, has overloaded and increased local pollution.
Latest news
-
The LNG tanker Kunpeng loads cargo at a Russian plant in violation of sanctions
Ship-tracking data showed that a liquefied gas tanker loaded a cargo at Russia's Portovaya?LNG plant, which is under Western…
-
Palm oil prices rise by more than 2% due to stronger export data and bargain buying
Malaysian palm oil futures closed more than 2% higher on Monday. This was supported by stronger export data, bargain-buying…
-
Glencore purchases majority stake in Dutch fuel firm FincoEnergies
LONDON, December 22 - Global commodities traders and miners Glencore have?agreed? to purchase a majority stake of Dutch fuel supplier FincoEnergies…
-
Bousso: The geopolitical premium of oil in the ROI vanished by 2025 and is unlikely to return.
In 2025, the global oil markets were faced with multiple black swans events - such as the Israel-Iran War and Ukrainian attacks on Russian refiners.
-
Bousso: The geopolitical premium of oil in the ROI vanished by 2025 and is unlikely to return.
In 2025, the global oil markets were faced with multiple black swans events - such as the Israel-Iran War and Ukrainian attacks…
-
Palm oil prices rise on stronger export data and bargain buying
Malaysian palm futures rose on Monday as a result of stronger export data, bargain-buying, and higher crude oil prices. By midday…
-
Australia requires LNG exporters to retain a minimum for the home market
Australia's new scheme will require exporters of liquefied?gas to keep up to 25% of their output for domestic use. The plan…
Shale Oil & Gas
-
Bousso: The geopolitical premium of oil in the ROI vanished by 2025 and is unlikely to return.
In 2025, the global oil markets were faced with multiple black swans events - such as the Israel-Iran War and Ukrainian attacks…
-
Indonesia invites tenders for the purchase of eight new oil and natural gas blocks
An energy ministry document showed that Indonesia offered 'eight new blocks' to contractors on Monday as part of its efforts…
-
Australia requires LNG exporters to retain a minimum for the home market
Australia's new scheme will require exporters of liquefied?gas to keep up to 25% of their output for domestic use. The plan…
LNG
Renewables
-
Palm oil prices rise on stronger export data and bargain buying
Malaysian palm futures rose on Monday as a result of stronger export data, bargain-buying, and higher crude oil prices. By midday…
-
Palm slips by more than 1% and records second weekly drop
Malaysian palm futures fell more than 1% Friday, marking a second consecutive weekly decline. Prices were pressured by a…
-
German spot prices are impacted by lower demand on Monday
German power prices will likely fall on Monday as a drop in wind power production is expected to be offset by a lower consumption.