-
Global Energy Prices Jump as Middle East Crisis Interrupts Shipping, Oil Production
Global oil and gas prices jumped on Tuesday as the U.S.-Israeli war on Iran halted energy exports from the Middle East, with Tehran attacking ships and energy facilities, closing navigation in the Gulf and forcing production stoppages from Qatar to Iraq.The benchmark Brent crude oil contract gained nearly 8% on Tuesday to above $83 per barrel…
-
Palm oil prices jump the most in three years as biodiesel prospects improve.
Malaysian palm oil futures jumped more than 9% on Monday. This was the largest jump in three years. It is expected that a rise in crude 'oil' will boost demand for biodiesel. The benchmark May palm oil contract on the Bursa Derivatives exchange gained 296 Ringgit or 6.78% to $4,663 Ringgit ($1…
-
Merafe Resources' profits plunge after soaring electricity costs close smelters
Merafe Resources, a South African company, reported a 72% drop in its full-year profits on 'Monday. This was after it suspended operations at its ferrochrome smelters because of high electricity prices. Merafe’s headline earnings per shares fell from 42.9 South African Cents to 12.2 South African Cents for the year ending December 31, 2025.
-
As oil prices rise, Indonesia could revive its B50 mix of biodiesel
Yuliot Tanjung, the deputy energy minister in Indonesia, said that the rising crude oil prices caused by the conflict in the Middle East may force Indonesia to reconsider its plan to introduce a B50-grade biodiesel. Yuliot said in a weekend email that Indonesia has not yet made a decision.
-
EUROPE GAS-European Gas Prices Rise Back to 2023 High as US-Iran Conflict Enters Second Week
LONDON, 9 March - Benchmark European Wholesale Gas rose again on Monday to its highest level for more than three years, tracking a surge of?oil as the US-Iran Conflict entered its second weeks and shipping?around?the Strait of?Hormuz remained near a standstill. Iran named?Mojtaba?Khamenei as the successor to his father…
-
Oil stocks held back by G7 nations as Iran crisis raises prices
France's Finance Minister said that G7 countries haven't yet decided whether to release their emergency oil reserves, as…
-
AFR reports that Glencore is open to listing Australia if it's beneficial.
The Australian Financial Review reported that Glencore was "open" to considering a listing in Australia if it proved beneficial for the company.
-
Source: India will not join IEA's initiative to tap oil resources
A government source confirmed that India does not plan to join the International Energy Agency's (IEA) initiative aimed at…
Latest news
-
Iran War causes major disruptions in oil and gas
U.S. and Israeli war against Iran, and Tehran's attacks upon Gulf neighbours has caused oil and gas?exports to be disrupted and production stopped.
-
Helsinki Energy Group plans to invest heavily in small nuclear reactors
Helen, the city's energy utility, plans to invest between $1.16 billion and $5.78 billion in Small Modular Reactors in the next few years.
-
Oil and Gas Industry urge EU to stop methane emission law
Oil and gas companies warned that the European Union's methane emission law could disrupt Europe’s fuel imports if it is implemented next year.
-
Palm oil prices surge as crude oil rises, boosting biodiesel prospects
Malaysian palm-oil futures jumped more than 9%, before paring gains on Monday. This was the largest jump in three years.
-
Middle East conflict may spur demand for palm oil in biodiesel sector
Industry officials have told?that the Middle East conflict, which has pushed up crude oil prices, could boost demand for…
-
Nscale, backed by Nvidia, valued at $14.6 Billion in a new funding round
The 'artificial intelligence' group Nscale, which is backed by Nvidia and has raised $2 billion through its latest funding round…
-
Head of opposition party says Japan should use nuclear power to counter Iran crisis
Yuichiro Tamaki, leader of an opposition party in Japan, said that Japan should run all its nuclear?power stations to offset…
-
Head of opposition party says Japan should use nuclear power to counter Iran crisis
Yuichiro Tamaki, the leader of an opposition party in Japan, stated on Monday that Japan should use all its nuclear 'power…
-
US-Israeli War on Iran Causes Major Oil, Gas Disruptions
Kuwait announced?cuts at the weekend due to the U.S. and Israel war against Iran. Analysts predict the United Arab Emirates (UAE) and Saudi Arabia…
-
US-Israeli War on Iran Causes Major Oil, Gas Disruptions
The U.S. and Israeli war against Iran has caused oil and gas exports to be disrupted from the Middle East. Production was…
-
VEGOILS - Palm logs weekly increase, reaches four-month peak
The market for Malaysian palm oils futures rose to its highest level in four months on Friday, and recorded a weekly gain…
Shale Oil & Gas
-
Head of opposition party says Japan should use nuclear power to counter Iran crisis
Yuichiro Tamaki, leader of an opposition party in Japan, said that Japan should run all its nuclear?power stations to offset…
-
Head of opposition party says Japan should use nuclear power to counter Iran crisis
Yuichiro Tamaki, the leader of an opposition party in Japan, stated on Monday that Japan should use all its nuclear 'power…
-
US-Israeli War on Iran Causes Major Oil, Gas Disruptions
Kuwait announced?cuts at the weekend due to the U.S. and Israel war against Iran. Analysts predict the United Arab Emirates (UAE) and Saudi Arabia…
LNG
-
Venture Global Able to Support LNG Shortfall as Qatar Pauses Output
Venture Global has the biggest amount of LNG cargoes in the world that are not contracted and is ready to help stabilize…
-
Cheniere Raises Share Repurchase Target After Q4 Profit Doubles
Cheniere Energy said its fourth-quarter profit more than doubled on strong liquefied natural gas (LNG) demand and the company…
Renewables
-
Document shows EU is looking to reduce energy bills for industry
A document obtained by revealed that the 'European Union' is looking at energy?taxes and network charges, as well as?carbon _costs…
-
VEGOILS - Palm logs weekly increase, reaches four-month peak
The market for Malaysian palm oils futures rose to its highest level in four months on Friday, and recorded a weekly gain…
-
Deutsche Offshore Schifffahrt Starts Construction of C-CSOV Fleet in China
Deutsche Offshore Schifffahrt (DO) has started construction of a new fleet of construction commissioning service operation vessels (C-CSOVs)…