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Palm oil falls as Chicago soyoil weakens
Malaysian palm oil futures fell on Monday, ending a five-session winning streak. Weakened soyoil prices and reduced U.S. biofuel demand expectations weighed them down. By midday, the benchmark contract for?palm?oil delivery in November on the Bursa Derivatives Exchange had fallen 27 ringgit or 0.54% to 4,991 Ringgit ($1,236.01) per metric tonne.
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Six countries are interested in EU discussions on windfall profits taxation of oil companies.
A 'letter from their finance ministers on Monday revealed that six European Union countries wanted the 27-nation EU to discuss in September how to tax the windfall profits of oil companies caused by Iran's blocking of the Strait of Hormuz. In a letter addressed to Ireland, the country that currently holds the rotating EU presidency…
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Palm oil falls by more than 1% due to weaker Chicago soyoil
Malaysian palm oil futures fell more than 1% on Monday, ending a five session winning streak. Weaker Chicago soyoil price pressured the market amid lower expectations for U.S. demand for biofuel. At the close, the benchmark palm oil contract on Bursa Malaysia's Derivatives exchange for November delivery was down 72 Ringgit or 1.43% at $4…
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IEA Birol: we are not talking about a second release from strategic oil reserves
Fatih Bibil, the IEA's chief, said on Monday that they are not presently?discussing a?second?release of strategic oil reserv?es. Birol replied "Not at the moment" when asked if the agency would be discussing a second release from strategic reserves. Birol said that the IEA always…
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US sanctions against Iran are being expanded in an 'economic assault'
The Trump administration announced on Monday that it would be expanding the secondary sanctions imposed on countries and entities with business ties to Iran around the world. Washington is increasing economic pressure against Tehran as its war approaches six months. Treasury Secretary…
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Bessent: US Treasury will stick to its debt auction schedule, despite larger buybacks
Treasury Secretary Scott Bessent announced on Monday that the U.S. Treasury would continue its regularly scheduled auctions of debt…
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US ethanol credits prices fall after EPA delays biofuel deadline
Market sources reported that 'prices' for U.S. Ethanol Blending Credits plunged to their lowest level in over four months on Monday…
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TotalEnergies CEO: New exploration planned in Norway
TotalEnergies, the French oil giant, will appoint an exploration manager in Stavanger to examine new projects?in?the country.
Latest news
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Source: U.S. Treasury will expand scope of secondary sanctions against Iran
A source familiar with Trump's plans said that the U.S. Treasury is expected to expand the scope of secondary sanctions the…
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Equinor, Aker-BP and Vaar will cooperate in Norway for frontier oil exploration
Equinor Aker BP Vaar Energi? plan to?cooperate in oil and gas exploration on the so-called high impact frontier areas of Norway’s continental shelf.
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Sinopec, a Chinese refiner, will increase oil imports outside of the Gulf
Sinopec, the Chinese oil refiner, will source more of its 'oil' from Brazil, Africa, and other countries to combat supply…
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Exxon aims to increase oil production by automating drilling in the Permian.
ExxonMobil's contractor in rural west Texas, where oil rigs, pump jacks, and sparse, flat terrain are everywhere, sits on a drilling platform…
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Uniper, a German gas importer, signs a 15-year deal with Equinor in Norway
Germany's Uniper signed a contract to import more than 30 terawatt-hours of gas per year from Equinor starting in 2027. After…
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Norway asks Supreme Court to reverse environmental verdict against oilfields
The Norwegian government will ask the supreme court on Monday to overturn a lower-court ruling that found three oilfield…
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Tanzania commissions the country's largest Hydropower Plant
Tanzania inaugurated a 2,115 megawatt hydroelectric plant on Saturday, more than double the East African nation’s capacity to generate electricity.
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Sources: Vatican to build EUR100 Million Renewable Energy Plant
Sources involved in the project have confirmed that the Vatican plans to build a renewable energy plant worth approximately…
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Ecopetrol's Colombia Pacific regasification facility faces a delay in startup
The director of the project said that Colombia's Pacific Regasification Plant contracted by the'state energy company Ecopetrol'…
Shale Oil & Gas
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Norway asks Supreme Court to reverse environmental verdict against oilfields
The Norwegian government will ask the supreme court on Monday to overturn a lower-court ruling that found three oilfield…
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Tanzania commissions the country's largest Hydropower Plant
Tanzania inaugurated a 2,115 megawatt hydroelectric plant on Saturday, more than double the East African nation’s capacity to generate electricity.
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Ecopetrol's Colombia Pacific regasification facility faces a delay in startup
The director of the project said that Colombia's Pacific Regasification Plant contracted by the'state energy company Ecopetrol'…
LNG
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Cheniere Energy Increase Annual Profit on Strong LNG Demand
Cheniere Energy raised its forecast for annual core profit on Thursday after beating quarterly expectations on robust demand…
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Egypt Looks to Sign Multi-Year LNG Supply Deal
Egypt is in talks with energy majors including Shell, TotalEnergies and BP to buy 15 to 18 cargoes of liquefied natural gas…
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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…
Renewables
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Sinopec's profit for the first half of this year increased 19.3% despite Iran War and falling demand
Sinopec, China, reported a 19.3% increase in net profits for the first half of 2026. This was despite the Middle East conflict…
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Sources: Vatican to build EUR100 Million Renewable Energy Plant
Sources involved in the project have confirmed that the Vatican plans to build a renewable energy plant worth approximately…
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EPA extends deadline for refiners to comply with renewable fuel standard
In a notice published on Friday, the U.S. Environmental Protection Agency announced that it would extend the deadline for…
