Russell: Quality is important as coal prices rise amid LNG spikes on Iran War
The rise in spot prices of liquefied gas (LNG), but only in higher-quality grades, has led to a price increase for seaborne thermal coal. Last week, the spot price of LNG in Asia nearly doubled as the market digested a loss of…
Palm oil falls as crude and rival oils slump
Malaysian palm oil futures declined on Tuesday, following rival edible oils in Dalian and Chicago and crude oil prices. By midday, the benchmark palm oil contract for May delivery at the Bursa Malaysia Derivatives Exchange had fallen 106 ringgit or 2.32% to $4461 ringgit (1…
Report: US solar installations will drop by 2025 as a result of Trump's policies.
A study released on Tuesday showed that the U.S. market for solar energy added fewer installations in 2025 than the previous year. This is due to the fact that President Donald 'Trump' scrapped tax breaks and subsidies for renewable energy developers.
In Brazil, biodiesel is cheaper than imported diesel amid debate about higher blend
A survey revealed on Monday that the 'cost of imported diesel has exceeded the price of biodiesel in Brazil. This is a 'rare situation, which provides more 'arguments to farm lobbyists who support a proposal for a mandatory increase in the mix of biofuels in fossil fuel. The U.S.
US Energy Chief: US considers selling oil from strategic reserves
Energy Secretary Chris Wright stated on Monday that the U.S. may consider coordinating oil sales from its Strategic Petroleum Reserve with those of other countries as prices have soared during the war against Iran. Wright said that the U.S.
Bloomberg News reports that oil magnate Sargeant's firm loaded 1 million barrels of oil for China.
North?American Blue Energy is a company that has been backed by the United States. Harry Sargeant III is a renowned energy magnate who has made a decision to export?1,000,000 barrels of?Venezuelan oil for delivery into China.
Oil majors are still stuck on the sidelines as Iran's war increases oil prices.
Oil prices rose to their highest level since 2022 on Monday, but the shares of major producers such as Shell and Exxon Mobil are still only seeing modest gains'since the U.S. - Israel war on Iran 'broke out last month. This suggests…
LSEG data shows that Freeport LNG is on the way to resuming full production.
Freeport LNG in Texas will resume full production Monday after an outage Sunday, according to the company. Freeport LNG said on Monday that it was "in the process" of increasing production rates. LSEG data shows that Freeport…
Venture Global promises on-time LNG delivery amid Middle East conflict
Venture Global LNG, a U.S. developer of liquefied natural gas (LNG), has informed customers that its Plaquemines plant in Louisiana is under construction. The letter was seen by the. Venture Global LNG, a Virginia-based firm…
Shell sells Jiffy Lube for $1.3 Billion to Monomoy Capital
Shell announced on Monday that it would sell its Jiffy Lube chain of lubricant shops to an affiliate of private equity firm Monomoy Capital Partners for $1.3 billion. The oil major is continuing to divest non-core assets as part CEO Wael sawan's strategy.
Oil stocks held back by G7 nations as Iran crisis raises prices
France's Finance Minister said that G7 countries haven't yet decided whether to release their emergency oil reserves, as prices are surging above $119 per barrel because of the Iran War. He added that there was no immediate shortage in supply.
Source: India will not join IEA's initiative to tap oil resources
A government source confirmed that India does not plan to join the International Energy Agency's (IEA) initiative aimed at releasing strategic oil reserves. This comes as global oil prices have risen due to supply concerns caused by the conflict in Iran.
Iran War causes major disruptions in oil and gas
U.S. and Israeli war against Iran, and Tehran's attacks upon Gulf neighbours has caused oil and gas?exports to be disrupted and production stopped. Sources say that Saudi Aramco, the world's largest oil producer, cut its output Monday.
Helsinki Energy Group plans to invest heavily in small nuclear reactors
Helen, the city's energy utility, plans to invest between $1.16 billion and $5.78 billion in Small Modular Reactors in the next few years. This was revealed by the head of the newly-established nuclear division. Helsinki isn't?alone? in pursuing new nuclear generation.
Oil and Gas Industry urge EU to stop methane emission law
Oil and gas companies warned that the European Union's methane emission law could disrupt Europe’s fuel imports if it is implemented next year. The?industry's call comes after the U.S. The?government asked the EU to exempt U.S. gas and oil from the rules.
Palm oil prices surge as crude oil rises, boosting biodiesel prospects
Malaysian palm-oil futures jumped more than 9%, before paring gains on Monday. This was the largest jump in three years. It is expected that a rise in crude oil prices will boost demand for biodiesel feedstocks. The benchmark…
EUROPE GAS-European Gas Prices Rise Back to 2023 High as US-Iran Conflict Enters Second Week
LONDON, 9 March - Benchmark European Wholesale Gas rose again on Monday to its highest level for more than three years, tracking a surge of?oil as the US-Iran Conflict entered its second weeks and shipping?around?the Strait of?Hormuz remained near a standstill.
Nscale, backed by Nvidia, valued at $14.6 Billion in a new funding round
The 'artificial intelligence' group Nscale, which is backed by Nvidia and has raised $2 billion through its latest funding round, was valued at $14.6 billion on Monday. The Series C round of funding was led by Norway’s Aker and…
As oil prices rise, Indonesia could revive its B50 mix of biodiesel
Yuliot Tanjung, the deputy energy minister in Indonesia, said that the rising crude oil prices caused by the conflict in the Middle East may force Indonesia to reconsider its plan to introduce a B50-grade biodiesel. Yuliot said…
Palm oil prices jump the most in three years as biodiesel prospects improve.
Malaysian palm oil futures jumped more than 9% on Monday. This was the largest jump in three years. It is expected that a rise in crude 'oil' will boost demand for biodiesel. The benchmark May palm oil contract on the Bursa Derivatives exchange gained 296 Ringgit or 6.78% to $4…