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Trump's controversial plan to price minerals is met with skepticism from the G7 and a divided industry
According to diplomatic sources, and an analysis of corporate policies, the Trump administration's plan to increase critical?minerals by regulating prices has been met with skepticism from G7 allies, and a divided industry. Negotiations for a Western Trading bloc have stalled over concerns regarding cost and governance.
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China's oil throughput in May falls to a nearly four-year low
China's crude oil throughput fell 9.1% in May compared to a year ago, according to official data released on Tuesday. The country's refineries were forced to cut back on production due high crude prices and the U.S./Israeli war against Iran. Data from the National Bureau of Statistics…
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EUROPE GAS - European gas prices remain stable on US-Iran Peace Deal
The Dutch gas front-month price has fallen to EUR41.95/MWh, the lowest since May 7. * Shippers said that regaining confidence in the Strait of Hormuz Transit could take weeks. LONDON, JANUARY 16 - Dutch and British wholesale gas prices were unchanged on Tuesday after dropping around 10% the previous day as the U.S.
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A Ukrainian drone strikes the largest refinery in Moscow Region
On Tuesday, a Ukrainian 'drone' caused a fire at the largest refinery in the Moscow region and damaged an 'a' facility. Oil producer Tatneft also announced a nationwide fuel purchasing cap. These are signs of how Kyiv is affecting Russian energy infrastructure. Ukraine has doubled its attacks on oil refineries since the beginning of 2026.
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Equinor abandons target for renewable energy
In a Tuesday strategy update, Equinor, the Norwegian oil and gas group, announced that it had further'scaled back' its renewable energy ambitions. It has dropped a 2030 target for installed capacity and cut investment. This change reflects a broader industry trend. In recent years…
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MOL Hungary, Gazprom Neft Russia, and Gazprom will get an extension of NIS talks
Serbian President Aleksandar Vucic announced on Tuesday that the initial deadline had expired. He said that the talks between…
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QatarEnergy to restart LNG production and reach current capacity within one month.
QatarEnergy will'resume liquefied gas production very quickly at its Ras Laffan LNG plant.' It could reach full output.within.a…
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Italy Business Lobby Calls for Emergency Action to Boost Renewables Rollout
Confindustria, the business lobby in Italy, has called on the government to take urgent action to speed up the deployment…
Latest news
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Palm oil surges by more than 2% in Indonesia on biodiesel hopes
The market was lifted by Indonesia's B50 biodiesel program implementation, which is slated to begin in the near future. At the close of the day…
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Norway's Equinor buys back shares twice as much due to cash flow from the Iran war
Equinor, a Norwegian company, announced on Tuesday that it would increase its share-buybacks. This will return more cash…
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The $1 trillion grid problem in the U.S. could mean a payout of $1 billion for CEOs of power companies
Increased reliability issues in the U.S. electrical grid have led to higher power bills at millions of businesses and homes.
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Interfax reports that Tatneft, a Russian oil company, has limited sales at its stations.
Interfax reported that Tatneft, the Russian oil producer, has imposed restrictions on the sale of gasoline and diesel at all its stations in Russia.
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China's fossil fuelled power continues to rise in May despite weak wind output
Data from the'statistics bureau' showed that China's fossil fuelled power generation, which is mainly derived?from coal,…
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Sources: Inpex has shut down one LNG train in the Australian Ichthys plant because of a strike
?Japan’s Inpex shut down one of its two liquefied gas production trains?at the Ichthys facility in?Australia because of a strike.
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Palm oil threatens biodiesel in Indonesia
The Malaysian palm futures recovered on Tuesday after two consecutive sessions of losses. This was boosted by Indonesia's…
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North Korea's state media touts the'miracles of industrial production' when output exceeds target
North Korea's industrial production reached 105% of its planned 'targets' in the 100 days following the ruling party's congress in February.
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ConocoPhillips to sign agreement with Syria to restart gas production, reports FT
The Financial Times, citing people familiar with this matter, reported that U.S. Oil and?Gas Producer ConocoPhillips was…
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Michael Belenkie, CEO of Advantage Energy, steps down. An interim leader is named.
Michael Belenkie, president, CEO, and board director of Canadian company Advantage Energy, announced on Monday that he has resigned…
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It will take several months for the Middle East to recover its oil and gas production
LONDON, 15 JUNE - An agreement framework between the U.S.A. and Iran to end the war and reopen Strait of Hormuz has sent…
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Palm oil is weaker than rival oils and crude
Malaysian palm futures fell Monday, following rival vegetable oils?in Chicago and Dalian, while crude oil prices also weighed on sentiment.
Shale Oil & Gas
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ConocoPhillips to sign agreement with Syria to restart gas production, reports FT
The Financial Times, citing people familiar with this matter, reported that U.S. Oil and?Gas Producer ConocoPhillips was…
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Trump's controversial plan to price minerals is met with skepticism from the G7 and a divided industry
According to diplomatic sources, and an analysis of corporate policies, the Trump administration's plan to increase critical?minerals…
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Michael Belenkie, CEO of Advantage Energy, steps down. An interim leader is named.
Michael Belenkie, president, CEO, and board director of Canadian company Advantage Energy, announced on Monday that he has resigned…
LNG
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TotalEnergies Remains Silent as Russia Approves Sale of Arctic LNG 2 Stake
Russian President Vladimir Putin has approved the sale of a 10% stake in the sanctioned Arctic LNG 2 project held by France's…
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SEFE, Ksi Lisims LNG Agree on long-Term LNG Supply
German state-owned gas importer SEFE said on Wednesday it agreed to purchase 1 million tonnes of liquefied natural gas per…
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Revenue for Russian LNG Exports Decreases as Shift to Asia Doubles Costs
Russia's diversification of its liquefied natural gas exports to Asia after the loss of the European market will cut its…
Renewables
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Palm oil threatens biodiesel in Indonesia
The Malaysian palm futures recovered on Tuesday after two consecutive sessions of losses. This was boosted by Indonesia's…
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North Korea's state media touts the'miracles of industrial production' when output exceeds target
North Korea's industrial production reached 105% of its planned 'targets' in the 100 days following the ruling party's congress in February.
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Palm oil is weaker than rival oils and crude
Malaysian palm futures fell Monday, following rival vegetable oils?in Chicago and Dalian, while crude oil prices also weighed on sentiment.
