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Siemens Energy exceeds Q3 predictions on AI data centres boom and Middle East demand
Siemens Energy said that its sales, margins, and 'orders' hit records in the third quarter. This was boosted by the expansion of AI data centers in the United States, and the power plants in Middle East, which have increased demand for gas turbines. Siemens Energy reported that its struggling Siemens Gamesa Division…
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Sources say that India could charge gas consumers to fund its planned $42 billion fuel reserve.
Two sources who have direct knowledge of this matter say that India could impose a charge on consumers of cooking gas and natural gas to fund a $42 billion strategic reserve. This is after the disruptions caused by the Iran War exposed the supply chain's vulnerabilities. Two sources…
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Fars News Agency reports that Iran's state oil company has frozen its bank accounts due to debt.
A state-owned lender has frozen the National Iranian Oil Company’s bank accounts due to mounting debts, according to the semi-official Fars News Agency. This highlights the pressures being felt by Iran’s largest source of revenue. Fars reported that the Bank of Industry and 'Mine didn't provide any details?on a?the amount owed…
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India sugar prices reach record highs due to shortages and festival demand
Indian sugar prices are expected to stay high for the next three to four months as supplies tighten up and demand increases during the festival season, according to traders and industry officials. Retail inflation will rise, adding to the retail inflation which breached central bank target for the 1st time in 17 month in June.
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Bousso [edit test 2]
Donald Trump has increased the pressure on India to reduce its Russian oil purchases. It could cost Moscow vital revenues, but will mainly push more Russian crude oil onto an ever-growing shadow market. The U.S. President said that Indian Prime Minister Narendra modi had pledged on Wednesday to stop purchasing oil from Russia.
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European shares close at a new record as earnings offset Mideast uncertainties
The European stock market closed at an all-time record high on Wednesday, as investors scrutinized the latest corporate earnings…
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Sources say that the Russian refinery in Saratov has stopped operations following a drone attack by Ukraine.
Two industry sources report that the Russian refinery in Saratov halted processing crude oil on August 2 following a Ukrainian…
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Glencore's Australia listed taps mining friendly capital for copper and M&A goals
Glencore's plan to list on the secondary market in Australia is a move to tap into one of the fastest-growing pools institutional…
Latest news
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Sheinbaum, a Mexican company, is weighing pilot fracking to boost gas production.
According to four sources familiar with the discussion, Mexican President Claudia Sheinbaum has been evaluating possible…
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Glencore's profits from energy trading soar as Iran war escalates
Glencore made 66 times as much money from energy trading in 2026's first half than they did the year before. They are now…
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India's auto lobby revises numbers after retraction of warning about ethanol fuel damage
India's auto industry said that it would rework the numbers it provided to the government, as it withdrawn its first warning…
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VEGOILS-Palm rises on export hopes; weak soyoil, crude oil weigh
Malaysian palm futures gained for the second consecutive session on Wednesday, with expectations of robust exports. However…
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European shares are nearing record highs, as earnings offset Mideast uncertainties
European shares were muted Wednesday as investors assessed a new batch of 'corporate' earnings while keeping a close eye…
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Minister says that Australia's data centres should be powered by renewable energy in the majority.
Chris Bowen, Australia's energy minister, said that the Northern Territory's plans to use large-scale shale-gas resources…
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Australia reduces the cost of rooftop solar systems for businesses
The Australian government announced on Wednesday that it will reduce the cost of installing rooftop solar panels in factories…
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Palm extends gains due to export prospects; crude oil and soyoil weaken
Malaysian palm oil futures rose on Wednesday, for the second session in a row, as traders anticipated robust exports into key destination markets.
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Inpex, Japan's Inpex, is sued by the Australian regulator for violating Ichthys LNG emission regulations
Environmental regulators in Australia's Northern Territory have charged Japanese energy company Inpex with under-reporting…
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Suncor Canada beats its quarterly profit expectations on the back of higher prices and improved margins
Suncor Energy beat Tuesday's adjusted profit forecasts as higher crude price realizations, and improved refining margins…
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Devon Energy, a US shale oil producer, tops profit expectations for the second quarter
The company reported a?higher?quarterly profit on Tuesday, exceeding 'Wall Street' expectations. This was due to a?surge?in crude oil prices…
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US considers tariffs and a price floor for polysilicon to counter China's solar and chip industry
According to four people familiar with the plan, the 'Trump administration' is planning to set a price floor for polysilicon, and to impose tariffs.
Shale Oil & Gas
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Inpex, Japan's Inpex, is sued by the Australian regulator for violating Ichthys LNG emission regulations
Environmental regulators in Australia's Northern Territory have charged Japanese energy company Inpex with under-reporting…
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Suncor Canada beats its quarterly profit expectations on the back of higher prices and improved margins
Suncor Energy beat Tuesday's adjusted profit forecasts as higher crude price realizations, and improved refining margins…
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EOG Resources, a US shale oil producer, beats its quarterly profit forecasts on higher crude prices
U.S. shale producer EOG Resources beat analysts’ estimates for the?second quarter profit on Tuesday. This was helped by an increase in crude prices.
LNG
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US LNG Tanker Completes First Direct Sail to China Since Tariff Dispute
A vessel carrying U.S. liquefied natural gas has sailed directly from the U.S. to China for the first time since trade tensions…
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Argent LNG, Naftogaz to Explore US LNG Supply
Argent LNG and Ukraine's state energy company Naftogaz Group have signed a memorandum of understanding to explore long-term U.S.
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Australian Inpex Workers Set Industry Precedent With New Pay Deal
Workers at Inpex's Ichthys liquefied natural gas plant in Darwin have overwhelmingly backed a new pay deal that unions hope…
Renewables
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Minister says that Australia's data centres should be powered by renewable energy in the majority.
Chris Bowen, Australia's energy minister, said that the Northern Territory's plans to use large-scale shale-gas resources…
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Australia reduces the cost of rooftop solar systems for businesses
The Australian government announced on Wednesday that it will reduce the cost of installing rooftop solar panels in factories…
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Palm extends gains due to export prospects; crude oil and soyoil weaken
Malaysian palm oil futures rose on Wednesday, for the second session in a row, as traders anticipated robust exports into key destination markets.
