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Palm oil prices rangebound due to bullish demand and higher production forecast
The price of Malaysian palm oil futures was range bound on Monday. This was largely due to the bullish demand seen in July, and expectations that this momentum will continue into 'this month. However, rising production is expected, which may have capped gains. By midday, the benchmark…
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BP sells Gelsenkirchen Refinery to BP as the overhaul continues
BP completed the sale of its Gelsenkirchen refining plant to Klesch Group. The oil major expects a?$1?billion reduction underlying 'operating expenses as it simplifies its operation. The London-listed firm has implemented sweeping changes in the last year to improve profitability.
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Shell sells European renewables to TotalEnergies
Shell sold its onshore European Renewables Unit to TotalEnergies on Monday. The UK energy giant continues to reduce its low-carbon investment to focus on its upstream operations and trade. Shell did not reveal the price of the TotalEnergies deal, but said that it included assets in Italy, Spain, the Netherlands and the UK.
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Palmetto ends lower in second session due to output outlook and bullish demand
Malaysian palm futures fell on Monday for the second consecutive session as a result of a 'rising production' that was expected. However, a bullish demand from July and expectations that this momentum would continue into August capped off the drop. At the close, the benchmark contract…
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US LNG exports stagnate in July despite higher LNG price
The 'July rally' in gas prices was not able to be seized by American LNG producers as maintenance and a seasonally lower output kept export volumes virtually unchanged. According to preliminary data, U.S. liquefied gas exports fell to 10,48 million metric tonnes (MT) from 10,6 MT in the previous month.
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Chevron CEO scolds Trump for demanding lower gas prices
On Monday, President Donald Trump called again on oil companies to lower the price of gasoline for U.S. customers. He criticized…
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The war-fueled oil rally is expected to boost shale profit to the highest level since 2022
?U.S. After the 'Iran war' sent crude prices soaring, analysts expect shale producers to report their highest quarterly?profits in 2022.
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Hungary's nuclear shutdown due to the low Danube is delayed until next week
Peter Magyar, the Prime Minister of Hungary, said that Hungary's paks nuclear power plant could continue to operate at its…
Latest news
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Baker Hughes says US energy companies have added rigs six times in the last seven weeks.
Baker Hughes, a leading energy services company, said that U.S. firms added rigs this week for the sixth time in 7 weeks.
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Australian watchdog accepts EnergyAustralia's undertaking over violation of electricity rules
A regulator in Australia announced on Monday that it had accepted a court-enforceable commitment from EnergyAustralia, after…
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Seoul: South Korea will begin importing Argentine crude oil in 2027
A senior official of the South Korean government said that South Korea will begin to import crude oil from Argentina in 2019.
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Mexico's Pemex posts Q2 net profits of $1.03 billion
According to a filing at the Mexican stock exchange, Mexican state energy firm?Pemex posted a net profit of $1.03 billion in its second quarter.
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Health and pollution concerns continue to grow months after the Pemex gas explosion in Mexico
Residents in rural Veracruz are increasingly worried about the?potential impact on health and the environment as large volumes?continue to _burn_.
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The financial week in five charts - Spiking yields; widening spreads; and a long cold winter
Every Friday, Open Interest distills the week's financial data into five charts that highlight the main trends, surprises and overlooked movements.
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EDF is waiting for clarity before launching a partial Edison sale
Claude Laruelle, the finance chief of EDF, said that the utility has not given up on its plans to'sell a part of edison, the Italian subsidiary…
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As El Nino threatens, hydropower plants in the south of Brazil prepare for heavy rainfall
Generators are reviewing their plans to deal with large volumes of water. Scientists believe that a severe El Nino will occur in the next few months.
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Shell sells Cyprus unit up to $720 Million as it focuses more on LNG
Shell announced on Friday that it had agreed to sell BG Cyprus to the Hungarian oil-and-gas firm MOL Group, for a price of up to $720m.
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EDF expects lower earnings for the full year due to the heatwave and low prices
EDF, the French state-owned utility, announced 'on Friday' that it expects its full-year EBITDA (earnings before interest…
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EDF reports 8.7% decline in first-half profit
EDF announced an 8.7% decline in its first-half net income on Friday. This was due to a'reduction in wholesale electricity prices…
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Wildfire emissions are on the rise, exposing millions of people to more air pollution
Scientists said that wildfires in France, Spain and other countries have caused air pollution to be harmful to millions of…
Shale Oil & Gas
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Health and pollution concerns continue to grow months after the Pemex gas explosion in Mexico
Residents in rural Veracruz are increasingly worried about the?potential impact on health and the environment as large volumes?continue to _burn_.
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The financial week in five charts - Spiking yields; widening spreads; and a long cold winter
Every Friday, Open Interest distills the week's financial data into five charts that highlight the main trends, surprises and overlooked movements.
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EDF is waiting for clarity before launching a partial Edison sale
Claude Laruelle, the finance chief of EDF, said that the utility has not given up on its plans to'sell a part of edison, the Italian subsidiary…
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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As El Nino threatens, hydropower plants in the south of Brazil prepare for heavy rainfall
Generators are reviewing their plans to deal with large volumes of water. Scientists believe that a severe El Nino will occur in the next few months.
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EDF expects lower earnings for the full year due to the heatwave and low prices
EDF, the French state-owned utility, announced 'on Friday' that it expects its full-year EBITDA (earnings before interest…
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EDF reports 8.7% decline in first-half profit
EDF announced an 8.7% decline in its first-half net income on Friday. This was due to a'reduction in wholesale electricity prices…
