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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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Eni Looks for Infrastructure Funding Support
Italian energy group Eni has asked Morgan Stanley to help it to raise funds from investment firms such as Apollo, KKR and Stonepeak in a possible deal backed by its floating liquefied natural gas (FLNG) assets, three people familiar with the matter said.The contacts between Eni and the funds are at an early stage and there is no certainty that a de
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Qatari LNG Tanker Headed for Pakistan Successfully Crosses Strait of Hormuz
A second Qatari liquefied natural gas tanker successfully went through the Strait of Hormuz on Tuesday, days after the first such cargo crossed under an arrangement involving Iran and Pakistan, highlighting how cargoes are crossing the waterway on a case-by-case basis amid ongoing conflict risks.The vessel…
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Revenue for Russian LNG Exports Decreases as Shift to Asia Doubles Costs
Russia's diversification of its liquefied natural gas exports to Asia after the loss of the European market will cut its revenue due to at least a doubling of logistics costs, industry sources and analysts told Reuters.The European Union plans to fully phase out Russian LNG imports…
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SEFE, Ksi Lisims LNG Agree on long-Term LNG Supply
German state-owned gas importer SEFE said on Wednesday it agreed to purchase 1 million tonnes of liquefied natural gas per year from Canada's Ksi Lisims LNG to diversify supplies amid unsteady global energy markets.Under a memorandum of understanding signed on Wednesday, deliveries are set to begin in the early 2030s for up to 20 years…
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Dangote refinery could be a global jet fuel supplier: CEO
Chief Executive David Bird stated on Tuesday that the Nigerian Dangote oil refining facility, which produces?650,000 barrels per day (bpd)…
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Vitol's Bahrain head says that the oil market may be undervaluing risks
Tom Baker, managing director of global commodity trading company Vitol for Bahrain, stated on Tuesday that the oil market…
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Russia increases pressure on Armenia before Sunday's elections
Russia is increasing its pressure on Armenia in advance of the June 7 'election. The once-close ally has been pursuing deeper…
Latest news
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India's palm oil imports in May improve; soyoil increases on shrinking premium
Five dealers said that India's imports of palm oil rose modestly from the previous month's low but remained below average.
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IEA predicts that stockpiles could be critically low before peak summer demand
The head of the International Energy Agency’s oil industry and market division warned on Tuesday that if the current rate of stock 'draws' continues…
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ADNOC's trading chief identifies August as a tipping point in oil prices
An executive from the 'Abu Dhabi state oil company' said that August could be a defining month for higher oil prices if the…
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A strong El Nino may be imminent. Climate change will exacerbate its effects
WMO announced on Tuesday that the El Nino weather pattern was forming and will cause extreme weather all over the world in this year.
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EUROPE GAS-European gas prices fall amid weaker demand, peace talk uncertainty
Dutch and British gas prices fell on Tuesday morning, as forecasts for strong wind power output lowered demand. The market…
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Japan's Nikkei falls from its record high as the market gauges fragile Mideast Peace Talks
Investors cautiously weighed the Middle East peace talks and broader geopolitical uncertainties, while Japan's Nikkei stock average fell?on Tuesday?
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Japan's Nikkei falls from record high as traders gauge fragile Mideast Peace Talks
Investors cautiously assessed Middle East Peace Talks, and broader geopolitical uncertainty weighed on risk appetite. As…
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Australian unions strike against Inpex Ichthys LNG plants
The Offshore Alliance union in Australia announced on Tuesday that all three Inpex Ichthys facilities for liquefied gas had begun a strike.
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Australian union declares protected industrial action at all three Inpex Liquefied natural gas facilities
In a Facebook post published on Tuesday, the 'Australian Offshore Alliance' union announced that 'protected industrial action'…
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Rosneft announces a jump in Q1 revenue, but warns that attacks could damage assets
The company reported that the first-quarter net profits?of Russia’s largest oil producer,?Rosneft, jumped seven-fold from…
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GE Vernova's bid to stop work at New England wind farm is rejected again
A Massachusetts judge refused to lift an injunction that 'forced' turbine supplier GE Vernova?to?continue working on the…
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Amanda Blanc, an independent director, is tasked by BP to head the search for the next chairman.
Ian 'Tyler, the BP interim chair said that BP had asked Amanda Blanc, a senior independent -director to lead the scouting for the next chairman.
Shale Oil & Gas
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Amanda Blanc, an independent director, is tasked by BP to head the search for the next chairman.
Ian 'Tyler, the BP interim chair said that BP had asked Amanda Blanc, a senior independent -director to lead the scouting for the next chairman.
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Russia increases pressure on Armenia before Sunday's elections
Russia is increasing its pressure on Armenia in advance of the June 7 elections, as this once-close ally seeks to deepen…
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WSJ reports that BP's ousted Chairman Manifold had a clash with the director over deal negotiations.
The Wall Street Journal, citing sources familiar with the situation, reported that BP's formerly ousted chairman Albert Manifold…
LNG
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Revenue for Russian LNG Exports Decreases as Shift to Asia Doubles Costs
Russia's diversification of its liquefied natural gas exports to Asia after the loss of the European market will cut its…
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Qatari LNG Tanker Headed for Pakistan Successfully Crosses Strait of Hormuz
A second Qatari liquefied natural gas tanker successfully went through the Strait of Hormuz on Tuesday, days after the first…
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Eni Looks for Infrastructure Funding Support
Italian energy group Eni has asked Morgan Stanley to help it to raise funds from investment firms such as Apollo, KKR and Stonepeak in a possible deal
Renewables
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Bohbot, once considered the top sugar trader in the world, leaves Wilmar
Two sources confirmed on Friday that Jean-Luc Bohbot - once considered the 'world's leading sugar trader - is leaving his…
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The price of renewable fuel credits has reached new records due to the U.S. biofuel mandates and oil market volatility
Renewable fuel credits for the year 2026 reached record levels on Thursday, and they continued to rise on Friday. This was…
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The European Commission promises tougher actions on trade with China
The EU's relationship with China in terms of trade and investment is "not sustainable", according to the European Commission…
