World Energy News

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.
Palm oil prices fall on the back of weaker soyoil, ringgit and palm oil

Malaysian palm ?oil futures fell on Tuesday after hitting a ?one-and-a-half-month high in the last session, with weaker soyoil prices ?and a stronger ringgit weighing ?on the market. After two consecutive sessions of gains, the benchmark 'palm oil' contract for September delivery at the Bursa Derivatives exchange fell 33 ringgit or 0.71% to 4…
Russia and Iran lead the surge in gas flaring, reducing global hopes for ending the practice

According to data from the World Bank, global?gas flaring reached a six-year peak in 2025. This was largely due to increases in Russia, Iran and other countries. These trends are preventing efforts to stop the burning of?gas alongside oil?by the decade's end. According to the World Bank’s Global Gas Flaring Tracker…
China Resources New Energy attracts retail bids of $943 billion for the largest Shenzhen IPO

A filing on Tuesday showed that retail investors bid a total of?6.4 trillion yuan (?943.2 billion), with demand for the 'public tranche? exceeding 1,000 times what was initially offered. Strong retail demand highlights the appetite for one China's biggest recent listings. The China Resources Power unit's IPO was priced at 10.11 yuan per share.

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Shale Oil & Gas

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. However, some workers will be exempted to maintain safety critical subsea emergencies preparedness.

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

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. This was its highest level since May 6 before reducing gains. A Kuala Lumpur trader said that palm rose due to a weaker ringgit and Chicago soyoil. However, gains were limited by the weakness of crude oil.

Palm oil continues to gain on rival oil, ringgit weakens

Norway Oil Service Firms Threaten Lockout to End Strike

Palm oil prices fall on the back of weaker soyoil, ringgit and palm oil

Russia and Iran lead the surge in gas flaring, reducing global hopes for ending the practice

China Resources New Energy attracts retail bids of $943 billion for the largest Shenzhen IPO

Palm oil prices fall on the back of profit-taking and weaker competitors

Officials say that Iraq has increased the crude oil production from its southern oilfields to 2.1 million barrels per day.

Norway's gas production lags behind the forecast for May

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Shale Oil & Gas

Norway Oil Service Firms Threaten Lockout to End Strike

Microsoft signss power supply agreement with Chevron for Texas data center

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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

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Renewables

Palm oil continues to gain on rival oil, ringgit weakens

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

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

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

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