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Middle East Conflict Restricts Supply for European LNG Stock Refill
The escalating conflict in the Middle East due to the U.S.-Israeli war with Iran is tightening global liquefied natural gas (LNG) availability and constraining Europe's ability to refill storages which depleted to their lowest since 2022 over the summer, the European Network of Transmission System Operators for Gas (Entsog) said on Thursday.The con
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Rio Grande Requests Extension to Build Texas Export Facilities
Rio Grande LNG has sought a three-year extension from the U.S. Federal Energy Regulatory Commission to construct an export facility in Texas, according to a filing.The company requires the time to build certain project facilities and make the liquefied natural gas export plant at the Port of Brownsville available for service by November 2031…
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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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Iran Reduces Oil Production by 400,000 bpd, Further Cut Back Expected
U.S. Energy Secretary Chris Wright said on Thursday that Iran appears to have cut back oil production by 400,000 barrels per day and is likely to reduce it more as its storage units fill."It looks like they've likely already cut back their production, maybe by 400,000 barrels a day.
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Gulf Marine Services' profit in UAE plummets following vessel evacuation
Gulf Marine Services PLC reported on Friday a 24% drop in its first-quarter profits after being instructed by the UAE-based…
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VEGOILS - Palm flat as traders await key data, on course for second weekly loss
Malaysian palm oil futures were mostly flat on Friday as traders waited for the next week's data from the palm oil board.
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Argentina's YPF makes a profit from higher prices and more shale production
YPF, Argentina's'state oil company, reported a net profit? of $409 mln in the first 3 months of 2026. This is a reversal of a net loss?
Latest news
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Enel reports rise in Q1 core profit, readies Brazil defence action
Enel, the Italian utility company, reported on Thursday a?rise of 3.6% in its?ordinary core profits for the first quarter.
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Sources say that BP CEO told staff in June to expect a reorganisation of the company.
Three sources said that BP CEO Meg O'Neill notified staff of a reorganization?into 'two main business unit' - upstream &…
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Bolivia announces energy sector reforms in order to attract foreign investment and end state control
Bolivia's government announced on Thursday a proposal for a renewable energy and electricity law that aims to 'attract international…
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Energy minister: Serbia is not satisfied with the MOL refinery acquisition talks.
Serbia's energy ministry said that it was not happy with the Hungarian oil company MOL’s 'proposals' for the purchase of NIS…
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Italy and Libya discuss enhancing energy ties
Giorgia?Minister Meloni, Italian Prime Minister and her Libyan counterpart Abdulhamid Dbeibah met on Thursday to discuss…
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Eni's Geliga-1 discovery has strong test results off Indonesia
Eni, the Italian energy company, announced on Thursday that its Geliga-1 gas find?offshore Indonesia had produced strong test results.
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Engie's LNG boss says Europe will have enough gas for the winter
Engie's global head of?LNG? and biomass, Ralph Dickgreber, said on Thursday that there is enough gas from other regions to…
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Americold and EQT form joint venture for cold storage
Americold Realty Trust announced on Thursday that it 'has formed a joint... venture... with investment firm EQT Active Core Infrastructure.... fund.
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Canadian Natural exceeds profit expectations on higher oil production
Canadian Natural Resources, the nation's largest oil-and-gas?producer exceeded expectations for its first quarter profit on Thursday.
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Palm falls for second consecutive session due to weak Chicago soyoil and firmer Ringgit
Malaysian palm futures dipped?lower? for the second session in a row?on Friday, due to a weaker Chicago soyoil and a stronger Ringgit…
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Even if the conflict ends, oil supply shock will worsen due to further decline in inventories
Even if U.S.-Iran reach a peaceful agreement to end their war, oil supplies will tighten in the coming weeks. It will take…
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Shell's profits beat expectations by $6.9 billion and raise dividends by 5%
Shell's first-quarter profit surpassed estimates on Thursday and reached its highest level in two years, at $6.9billion,…
Shale Oil & Gas
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Even if the conflict ends, oil supply shock will worsen due to further decline in inventories
Even if U.S.-Iran reach a peaceful agreement to end their war, oil supplies will tighten in the coming weeks. It will take…
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Shell's profits beat expectations by $6.9 billion and raise dividends by 5%
Shell's first-quarter profit surpassed estimates on Thursday and reached its highest level in two years, at $6.9billion,…
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Due to QatarEnergy's force majeure, Edison's operating profit for the first quarter of 2012 has been cut in half.
Italian Edison has lowered its full-year forecast and said that its operating profit for the first quarter of this year was…
LNG
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Rio Grande Requests Extension to Build Texas Export Facilities
Rio Grande LNG has sought a three-year extension from the U.S. Federal Energy Regulatory Commission to construct an export facility in Texas…
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Middle East Conflict Restricts Supply for European LNG Stock Refill
The escalating conflict in the Middle East due to the U.S.-Israeli war with Iran is tightening global liquefied natural gas (LNG) availability and con
Renewables
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Palm extends its fall on weaker Chicago Soyoil and firmer Ringgit
The 'Malaysian Palm Oil Futures' fell for the?second consecutive session on Thursday. This was due to a weaker Chicago soyoil and a stronger ringgit…
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Bouygues exceeds operating profit expectations on strength in energy services
French conglomerate Bouygues reported ?better-than-expected first-quarter core earnings on Thursday, as strength ?in its…
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Wealthy donors join the Trump-adjacent populism that is sweeping Australia
Angus Aitken, a Sydney stockbroker, donated A$230,000 (165,000) to Australia's conservative Liberal Party a few months before…
