World Energy News

Brent Oil Remains On Track for 8% Weekly Decline as Israel, Hezbollah Agree to Ceasefire

Brent crude ticked slightly higher on Friday but was still on track for a more than 8% weekly decline after Israel and Hezbollah agreed to a ceasefire and tanker traffic through the Strait of Hormuz increased.Brent crude futures were up 20 cents, or 0.25%, at $80.05 a barrel by 10:55 a.m. ET, while U.S.
Marty Fridson: The case for diversifying over time.

A prudent investor wouldn't build a portfolio based on a single stock. What about a "single-time frame"? Diversification has become a part of every investor's toolkit to manage risk. Owning a portfolio rather than a single stock reduces your risk of suffering a catastrophic loss.
EUROPE GAS-European gas prices rise on warmer weather

Dutch and British gas contract prices firmed up on Monday, as warmer weather is expected in Central Europe. This will increase demand for gas. Ship tracking also showed that gas tankers are trying to cross the 'Strait of Hormuz' during the peace talks between the U.S. ICE data revealed…
Palm oil continues to gain on rival oil, ringgit weakens

The ringgit was weaker and Dalian edible oils were stronger. At closing, the benchmark palm oil contract on Bursa Malaysia's Derivatives exchange for September delivery rose 25 ringgit (0.54%) to 4,671 Ringgit ($1,126.63). The contract reached 4,703 ringgit at the beginning of the session.
Norway Oil Service Firms Threaten Lockout to End Strike

Offshore Norway announced on Monday that it would lock out the Safe Labour?union?oil service employees?from 27th June?in response to a strike going on over wages. In a press release, the group representing oil service companies stated that the lockout would impact 1,272 members of Safe out of the roughly 1,770 covered under the wage agreement.

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Shale Oil & Gas

Petrobras will resume construction at Tres Lagoas Fertilizer Plant by September

Petrobras, the state-owned 'oil' company in Brazil, plans to restart construction of a fertilizer plant in Mato Grosso do Sul by September. This is part of an effort to reduce 'the country's dependency on imports', said William 'Franca on Thursday. The construction of Tres Lagoas' UFN-III Fertilizer Plant, which is expected to cost $1 billion, has been put on hold since 2015. Franca, Petrobras director of industrial process and products, said that the company plans to start operations in 2029.

LNG

EU Commission clarifies all Russian LNG trade is banned from 2027 for EU operators

EU-based companies will be prohibited from selling Russian liquefied natural gas next year, even if buyers are located outside the EU, according to a letter seen by Reuters on Thursday."The ban prohibits companies to trade/market Russian LNG to third countries as it is not relevant whether the Russian LNG is destined for the EU or not," said the letter dated June 1 from the office of EU Energy Commissioner Dan Jorgensen…

Renewables

India's thermal power imports fall to a four-year low as the green energy sector rises

India's thermal coke imports dropped to a four-year low between January and May?due mainly to higher domestic production and increasing renewable energy generation, according commodities consultancy BigMint. The consultancy reported that overall, thermal coal imports fell by 12% in the past year, to a total of?65 millions tons. India, which is the second largest importer of thermal coke in the world, has sought to reduce its dependence on imports.

Brent Oil Remains On Track for 8% Weekly Decline as Israel, Hezbollah Agree to Ceasefire

Marty Fridson: The case for diversifying over time.

EUROPE GAS-European gas prices rise on warmer weather

Palm oil continues to gain on rival oil, ringgit weakens

Norway Oil Service Firms Threaten Lockout to End Strike

Eastern and Central European countries call on EU to strengthen carbon fund for the poorer members

Microsoft signss power supply agreement with Chevron for Texas data center

Peso softens in Colombia as a right-wing lawyer is set to become the next president

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China's refined oil exports to Australia in May rose from April despite restrictions

Authorities say 54 injured and 18 missing following explosion at Qatar LNG site

Colombian assets will add to recent gains, as a right-wing attorney is poised to become the next president

Swedish and Dutch fans celebrate before World Cup clash

Petrobras will resume construction at Tres Lagoas Fertilizer Plant by September

Baker Hughes says US energy companies have added rigs eight times in nine weeks.

EU Commission clarifies that all Russian LNG trading is banned for EU operators from 2027, as shown in a letter

Repsol, the Spanish energy company, is expanding into a new oilfield in Venezuela

Germany is in discussions to extend the oil reserve exemption, Economy Ministry says

EU Crafts plan to give extra free CO2 allowances this year, say diplomats

Minister says Indonesia is on track to launch B50 Biodiesel Programme on July 1.

China Resources New Energy will raise up to $3.6 Billion in Shenzhen’s largest IPO

Shale Oil & Gas

Petrobras will resume construction at Tres Lagoas Fertilizer Plant by September

Baker Hughes says US energy companies have added rigs eight times in nine weeks.

EU Commission clarifies that all Russian LNG trading is banned for EU operators from 2027, as shown in a letter

Repsol, the Spanish energy company, is expanding into a new oilfield in Venezuela

LNG

EU Commission clarifies all Russian LNG trade is banned from 2027 for EU operators

QatarEnergy Plans to Restart LNG Output

Sempra Begins LNG Production at Mexican Site

TotalEnergies Remains Silent as Russia Approves Sale of Arctic LNG 2 Stake

Renewables

India's thermal power imports fall to a four-year low as the green energy sector rises

EU Crafts plan to give extra free CO2 allowances this year, say diplomats

Minister says Indonesia is on track to launch B50 Biodiesel Programme on July 1.

China Resources New Energy will raise up to $3.6 Billion in Shenzhen’s largest IPO

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