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Middle East Conflict Restricts Supply for European LNG Stock Refill
The escalating conflict in the Middle East due to the U.S.-Israeli war with Iran is tightening global liquefied natural gas (LNG) availability and constraining Europe's ability to refill storages which depleted to their lowest since 2022 over the summer, the European Network of Transmission System Operators for Gas (Entsog) said on Thursday.The con
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Rio Grande Requests Extension to Build Texas Export Facilities
Rio Grande LNG has sought a three-year extension from the U.S. Federal Energy Regulatory Commission to construct an export facility in Texas, according to a filing.The company requires the time to build certain project facilities and make the liquefied natural gas export plant at the Port of Brownsville available for service by November 2031…
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Gunvor, Delfin Midstream Sign LNG Supply Deal
Commodity trading house Gunvor has signed a long-term liquefied natural gas (LNG) sale and purchase agreement with Delfin Midstream, it said in a statement on Wednesday.It is the second such deal between the two companies in two-and-a-half years. Delfin said in November 2023 it had entered into a long-term deal with Gunvor to supply 500…
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Oil Prices Rise As US-Iran Fighting Continues
Brent crude futures jumped as much as 3% on Friday, a day after the U.S. and Iran traded air strikes, with traders fretting over the future of the cease-fire and shipping in the Strait of Hormuz.Brent crude futures was at $101.47 a barrel, up $1.41 or 1.41% by 10:51 CDT (1551 GMT), after rising as much as 3% earlier in the session. U.S.
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China's energy imports fall in April amid the Iran War as fuel exports reach a decade-low
China's oil exports dropped to their lowest level in nearly four years as the Strait of Hormuz was closed in April, cutting…
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Colombia asks Glencore to talk with the locals about the closure of Cerrejon coal mining
The Ministry of Mines and Energy in Colombia said that it would ask Glencore to hold a meeting with the authorities of La Guajira…
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Diamondback Bets on Wider WTI-Brent Gap amid US Export Ban Concerns
Diamondback Energy, a U.S. oil producer, bought options in order to sell the difference between U.S. West Texas Intermediate crude and Brent crude…
Latest news
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Sources say that Freeport LNG in Texas is expected to reduce production for maintenance in the coming days.
Two sources say that Freeport LNG, a U.S. LNG supplier, is likely to reduce its output due to maintenance unplanned at the Texas facility.
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After peace agreement, Edison expects to receive 2/3 of the contracted Qatari LNG supplies
QatarEnergy’s European customer Edison anticipates that the 'Gulf' producer will be able initially to supply around two-thirds…
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UAE equity prices ease amid renewed Gulf tensions
The stock markets of the United Arab Emirates ended lower on Friday as renewed clashes between Iran and the U.S. near the…
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Sources say that Rio Tinto is considering raising stakes in the Los Azules copper mine project in Argentina.
Rio Tinto has been evaluating the potential economic impact of McEwen Copper’s Los Azules giant project in Argentina, as…
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Freeport Indonesia delays full production resume until 2028.
Freeport Indonesia has adjusted its "production recovery" -schedule for the Grasberg Block Cave underground copper mine (GBC)…
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Palm oil posts second consecutive weekly loss, reaches three-week low
Malaysian palm oils futures ended Friday at a low of three weeks, a second consecutive weekly decline, as Dalian Oils, a weaker competitor, weighed.
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Copper hits three-month peak on reports of longer Grasberg Recovery
After a report pointing to a slight delay?in the recovery of production 'at the Grasberg Mine in - - -,?tightening expectations about supply.
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Trump's crackdown against solar companies linked to China stalls U.S. manufacturing boom
Solar companies, banks, and insurers stopped doing business at least half a dozen newly built U.S. panels factories due to…
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Gulf Marine Services' profit in UAE plummets following vessel evacuation
Gulf Marine Services PLC reported on Friday a 24% drop in its first-quarter profits after being instructed by the UAE-based…
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VEGOILS - Palm flat as traders await key data, on course for second weekly loss
Malaysian palm oil futures were mostly flat on Friday as traders waited for the next week's data from the palm oil board.
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Argentina's YPF makes a profit from higher prices and more shale production
YPF, Argentina's'state oil company, reported a net profit? of $409 mln in the first 3 months of 2026. This is a reversal of a net loss?
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Enel reports rise in Q1 core profit, readies Brazil defence action
Enel, the Italian utility company, reported on Thursday a?rise of 3.6% in its?ordinary core profits for the first quarter.
Shale Oil & Gas
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Argentina's YPF makes a profit from higher prices and more shale production
YPF, Argentina's'state oil company, reported a net profit? of $409 mln in the first 3 months of 2026. This is a reversal of a net loss?
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Sources say that BP CEO told staff in June to expect a reorganisation of the company.
Three sources said that BP CEO Meg O'Neill notified staff of a reorganization?into 'two main business unit' - upstream &…
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Italy and Libya discuss enhancing energy ties
Giorgia?Minister Meloni, Italian Prime Minister and her Libyan counterpart Abdulhamid Dbeibah met on Thursday to discuss…
LNG
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Rio Grande Requests Extension to Build Texas Export Facilities
Rio Grande LNG has sought a three-year extension from the U.S. Federal Energy Regulatory Commission to construct an export facility in Texas…
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Middle East Conflict Restricts Supply for European LNG Stock Refill
The escalating conflict in the Middle East due to the U.S.-Israeli war with Iran is tightening global liquefied natural gas (LNG) availability and con
Renewables
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Enel reports rise in Q1 core profit, readies Brazil defence action
Enel, the Italian utility company, reported on Thursday a?rise of 3.6% in its?ordinary core profits for the first quarter.
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Bolivia announces energy sector reforms in order to attract foreign investment and end state control
Bolivia's government announced on Thursday a proposal for a renewable energy and electricity law that aims to 'attract international…
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Palm falls for second consecutive session due to weak Chicago soyoil and firmer Ringgit
Malaysian palm futures dipped?lower? for the second session in a row?on Friday, due to a weaker Chicago soyoil and a stronger Ringgit…
