VEGOILS - Palm flat ahead of MPOB and exports; demand concerns weigh

Malaysian palm futures were in a narrow range on Monday, ahead of important data on the country’s stocks. Weak demand from key markets was offset by gains due to flood fears and Indonesia’s potential increase in export taxes. At the midday break, the benchmark palm oil contract on Bursa Malaysia's Derivatives exchange for April delivery fell 7 ringgit or 0.16% to 4,497 Ringgit ($1,006.72) per metric ton. Anilkumar bagani, commodity researcher at Mumbai's Sunvin Group, explained that crude palm oil futures were trading sideways before the Malaysian Palm Oil Board data. This was due to short-covering following Friday's gains.
Minister says Canada's Alberta is looking to Japan for new LNG contracts amid US tariff threats

Rebecca Schulz is the minister for environment and protected areas in Canada's Alberta, which is a major producer of gas. She said that expanding into Japan was an important goal in light of a U.S. Tariff threat. Schulz, in an interview with a Japanese journalist in Tokyo on Wednesday evening, said: "The United States is a good example of why we need to diversify the markets we export to. Over the last week, she has met with officials, business lobbies, and company representatives. These include JERA, Japan’s largest LNG buyer, JOGMEC (Japan Gas Association), which is chaired by a Tokyo Gas executive.
METI Japan says it is difficult to predict the impact of DeepSeek on electricity demand.
The Japanese industry ministry knows that the expansion of data centers may increase electricity demand, but it's difficult to predict what will happen with the advent of DeepSeek. The government published a draft version of its basic energy policy, which is a major document that is reviewed every three years. It projected an increase in electricity production between 10-20% from 2040, and also cited a higher AI usage. Analysts are divided on whether or not the rise of Chinese startup AI DeepSeek will lead to a decrease in electricity demand. Or, if it could increase, as the technology becomes more accessible and affordable.
Chevron will build gas plants for data centers in the AI boom
The oil and gas company Chevron announced on Tuesday that it will build natural gas power plants near data centers in the U.S. as the energy demand for artificial intelligence growth is expected to grow. The second largest U.S. oil and gas producer has partnered with Engine No. The project is a partnership between Engine No. 1 and electric service company GE Vernova. Chevron announced the project a day after Chinese startup DeepSeek revealed an AI model it claims uses much less computing power than leading models in the United States.
Japan's JERA plans on expanding US LNG purchases in order to diversify the energy supply
JERA, Japan's largest LNG buyer, is planning to increase its purchases from the United States in order to diversify their supply and meet the demand growth spurred on by data centres and AI. U.S. president Donald Trump promised to unleash the U.S. industry of energy to boost production and threatened the EU if it did not purchase more gas. This could mean that JERA would have to compete against other buyers to get more U.S. natural gas. Japan's largest utility, which handles between 30-35 millions metric tons of LNG per year, sources almost half of it from Asia Pacific, including Australia and Malaysia. This is a very high exposure.
Argentina negotiates gas imports with Bolivia and Chile after heatwave increases demand
Bolivia and Chile have begun talks to resume gas exports to Argentina, amid a spike in demand sparked by a heatwave this summer. This highlights the challenges facing the government of Buenos Aires in its quest to become self-sufficient in energy. Armin Dorgathen Taia, the head of Bolivia's state energy company YPFB told me by phone on Friday that "we are in a negotiations with Argentina to create a contract spot". These talks were previously unknown. In a Friday statement, Chilean authorities also stated that they expected to reach a new deal with Argentina for the supply of gas to Chile's remote northern region.
Executive: Bolivia and Argentina in talks to restart gas supply due to spike in demand
Bolivia's state energy company YPFB has begun talks with Argentina to resume gas exports, amid a spike in demand sparked by a heatwave this summer. This highlights the challenges facing the government of Buenos Aires in its quest to become self-sufficient in energy. Armin Dorgathen Tapiea, the YPFB's chief, told a reporter by phone on Friday that "we are in a discussion with Argentina about creating a spot contract." These talks were previously unknown. In September, after nearly two decades of exports to Argentina from Bolivia…
Masdar, UAE launches facility for uninterrupted production of 1GW renewable energy
The chairman of Masdar, a state-owned renewables company in the UAE, announced on Tuesday that the firm has opened a facility to produce clean energy at a rate of 1 gigawatt per hour. At the Abu Dhabi Sustainability Week opening, Sultan Al Jaber - who is also the UAE Minister of Industry and Advanced Technology and the Chief Executive of Abu Dhabi National Oil Co. (ADNOC), called the project an important step in the transformation of renewable energy into baseload electricity. This will be the first time renewable energy has been transformed into baseload power. Al Jaber stated that it is a small step which could lead to a huge leap.
China estimates greenhouse gas emissions will reach 13 billion tonnes in 2021
China's latest official submission to United Nations was published on Friday by the state media. It said that China had emitted climate-warming, greenhouse gases of 13 billion metric tonnes in 2021. This is an increase of 4.3% compared to a year ago. This is the most recent official calculation of China's annual greenhouse gas emissions. China is by far the largest carbon polluter in the world. The latest official estimate measured total emissions of 11.55 billion tones in 2017. China, as a signatory of the Paris Agreement is now required to submit detailed emission numbers every two-years…
Shell's LNG strategy is a 'disconnect,' according to Shell shareholders' climate resolution
Shell's plans for increasing sales of LNG have been questioned by a major shareholder group that filed a motion asking if the strategy was compatible with a goal of cutting carbon emissions. Shell is the largest LNG trader in the world. CEO Wael sawan bets on the growing demand. Analysts and climate activists are concerned about the implications of this for climate targets. Shell shareholders, including Brunel Pension Partnership and Greater Manchester Pension Fund with assets totaling $86 billion have asked Shell for…
MUFG Americas CEO: AI data centres will boost renewable energy demand, even under Trump
Mitsubishi UFJ Financial Group, the largest Japanese banking group, has said that the U.S.'s shift to renewable energy will continue under Donald Trump. Kevin Cronin, chief executive officer of MUFG Americas, said in an interview that the anti-renewables rhetoric of President-elect Trump has not led to a change in MUFG Americas' strategy. Cronin stated that the new administration would be more positive on fossil fuels but this does not mean that renewables will disappear. Cronin said that it takes several years to plan, finance, and build projects, and "we don't try to time our strategies around things outside our control".
Chugoku Elec restarts Shimane nuclear reactor for the first time in thirteen years
The company Chugoku Electric Power said that on Saturday, Japan's Chugoku Electric Power restarted Shimane Nuclear Power Station in western Japan. It had been shut down since 2011, shortly after the Fukushima nuclear meltdown. The 820 plant's megawatt No. The restart of the No. 2 reactor in Japan, which was closed down in January 2012. This brings Japan's total number of operational reactors up to 14. Tohoku Electric Power has recently resumed the operation of its 825 MW reactor No. Tohoku Electric Power recently resumed operations of the 825 MW No. 2 reactor at their Onagawa Nuclear Power Plant in northern Japan.
Researchers say that China is off track in its emissions targets as the energy demand offsets the renewables push.
Researchers said that despite rapid advances in renewable energy and electric vehicles, China's carbon dioxide emissions are expected to increase slightly this year. This puts a 2025 climate goal further out of reach. In its annual report, the Helsinki-based Centre for Research on Energy and Clean Air, or CREA, stated that China aims to reduce the amount of CO2 produced per unit of economic development by 18% between 2021 and 2025. However, it has fallen further behind due to the rising energy demand this year. CREA estimates that China will need to reduce emissions by 6% between 2024 and 2025 in order to catch up.
Orsted says US Green Energy Demand Will Grow Regardless of Election Results

Orsted said that the demand for green power will continue to grow in the United States, regardless of the person who is elected as president. However, the group also pointed out construction issues and increased costs at an offshore wind farm in the United States.The U.S. offshore industry is a young one, and it has already been affected by cancelled projects. Lease sales have also been put on hold. And there was a serious construction accident that occurred at the first major offshore project in the country.As part of the administration of President Joe Biden…
Official: China hopes US climate collaboration will continue whoever wins the election
A senior official in the Chinese government said that China hoped the United States would be able continue to work with other countries to combat climate change regardless of the results of the presidential elections next week. The 2015 Paris Agreement was made possible by the cooperation between China and the United States. They are the two largest emitters of greenhouse gases that cause climate change. The re-election by Donald Trump of the former president could bring an end to bilateral climate engagement, as Trump is likely to withdraw the United States from the Paris Agreement a second. "We hope the U.S.
Demand for Spots drops as public holidays approach
The European power price fell on Thursday ahead of All Saints Day in some parts of the region, which falls on November 1. This added to the expectation of a weaker demand for the weekend. Data from LSEG's utility EDF and LSEG showed that the supply of solar and wind electricity is expected to grow, while nuclear power availability will remain flat. French baseload electricity for Friday delivery fell by 30.2%, to 63.5 Euros ($68.95/MWh) by 8:20 GMT. The German baseload for the day ahead was down 40.1% at 61.3 Euro/MWh.
Origin Energy's APLNG revenues rise on higher gas prices and sales
Origin Energy, a company based in Australia, reported a sequential increase in revenue for its first quarter from its stakes in the Australia Pacific Liquefied Natural Gas (APLNG), backed by higher natural gas prices and strong sales. Origin, which aims to transition to greener energy sources, has said that it is evaluating a variety of early-stage opportunities for renewable development. As of 0014 GMT the shares of the company rose 0.4% to A$9.54, while the benchmark index fell 0.2%. The warm weather in Asia drove up energy demand, but prices have been moderated recently due to a tepid market.
Southeast Asia must increase investments by five times to achieve climate goals by 2035, according to the IEA
International Energy Agency stated on Tuesday that Southeast Asia must increase its clean energy investment to $190 billion by 2035, or five times current levels, to achieve climate goals. The IEA stated in a recent report that increasing energy investments must be accompanied with strategies to reduce emissions at the relatively new fleet of coal-fired power plants. The report also stated that the rapid expansion of the economy would pose a challenge to energy security and climate change goals. The closure of coal power plants…
IEA: 'Age electricity' will follow the looming peak of fossil fuels
International Energy Agency (IEA) said that the world is at the cusp of a new era of electricity, with the demand for fossil fuels set to peak before the end of this decade. This could lead to an increase in investment in green energy due the surplus of oil and gas, it added. It also highlighted a high degree of uncertainty, as conflict engulfs the Middle East and Russia that produce oil and gas and when countries representing half of the global energy demand hold elections in 2024. Birol stated that the surplus fossil fuel supply would lead to lower prices, and countries could devote more resources to clean energies.
MARA, a cryptominer, taps the power generated by U.S. Shale Patch in a new pilot program
MARA Holdings Inc. has announced that it is now producing electricity in the U.S. Shale Patch as part of a program pilot to power 25 megawatts for its mining operations using excess natural gas. The company said that the move was made in response to the intensifying competition between Big Tech AI data centers for electricity, which has caused the crypto industry to change its business strategy and either market AI or find a way around the power battle. Fred Thiel, Chief Executive Officer of MARA, said: "The AI guys will pay any price to meet their energy demand.