Official: Shell wants to exit Syria's al-Omar Oilfield, but US firms are interested in the sector.
Youssef qeblawi said that the head of Syria Petroleum Company Youssef qeblawi stated on Monday that Shell asked to withdraw its oil from the al-Omar field and transfer their?share to Syria’s state-owned operators, but that U.S.
Syria tightens its grip after Kurdish withdrawal, IS jail attack reported
On Monday, Syrian government forces tightened their grip across a large swath of territory in the north and east that had been abruptly abandoned by Kurdish troops on Sunday. This was a dramatic change which solidified President Ahmed al-Sharaa’s rule.
Floods in Mozambique force thousands of people to flee, President cancels Davos trip
Witnesses and officials reported that severe floods in Mozambique caused by heavy rainfall forced thousands to leave their homes. Some were left stranded atop roofs while surging waters swamped settlements. Daniel Chapo, the president of Venezuela…
Engie continues to invest in Middle East renewables, as the momentum in US and Europe slows
Engie has reached the 'financial close on a 1.5 Gigawatt solar park, its largest in the world, said the French utility on Monday. The company is stepping up projects in the Middle East, a fast-growing market, amid a slowdown of renewable energy in the U.S.
After abrupt Kurdish retreat, Syrian troops consolidate their hold
On Monday, Syrian government forces tightened their grip across a large swath of territory in the north and east that was abruptly abandoned by Kurdish troops on Sunday. This dramatic change solidified President Ahmed al-Sharaa’s rule.
VEGOILS - Palm flat due to China canola tariff reduction, Indonesia B50 cancellation weighing
Malaysian palm futures were not much changed on Monday as China's plans for a reduction in import?tariffs of Canadian canola, and Indonesia's decision to cancel its B50 'biodiesel' mandate, weighed on market. However, upcoming festival demand lent some support.
German Front-year is impacted by the warmer weather and tariff threats
Early trading on Monday saw forward-curve power contracts fall, following the decline in gas and carbon contracts due to warmer weather forecasts as well as?geopolitical concerns over tariffs. German baseload for the year ahead…
Palm slips as China tariffs are cut and Indonesia B50 is cancelled
Malaysian palm futures fell on Monday as China cut import tariffs on Canadian Canola, and Indonesia canceled plans for its B50 Biodiesel mandate, but the festival demand provided some support. By midday, the benchmark contract…
Palm oil prices will average lower in 2026 due to higher supply and weak biofuel demand
A poll revealed that Malaysian crude palm futures prices are expected to be slightly lower than they were last year in 2026, due to a stronger supply by'major' producers and a subdued demand for biofuels. According to 14 traders…
Top Ukrainian negotiator: Talks with US will continue in Davos
Rustem Umerov, Ukraine's chief negotiator, said that the talks with U.S. officials to resolve the nearly four-year old?war against Russia will continue this week at the World Economic Forum in Davos. Umerov wrote on Telegram that two days of Florida talks with a U.S.
China may require asset sales in the Rio Tinto-Glencore merge to win them over
Rio Tinto and Glencore's proposed merger could require asset sales in order to gain regulatory approval from China, the world's largest commodity buyer. China has long-standing concerns over market concentration and resource security.
Syrian forces push deeper into the US-backed Kurdish controlled northeast
Officials and security sources reported on Sunday that Syrian government troops were pushing toward Raqqa in the northeast, which is the last stronghold of the U.S. supported autonomous Kurdish led administration. The Kurdish…
Urals Freight Rates to India Rise Due to Bad Weather, War Risks
Freight rates for tankers to ship Urals crude from Russia’s western ports to India have risen this month, as bad weather made fewer vessels available, disrupted loading and unloading and the cost of insuring for war risks increased…
US considers swapping heavy Venezuelan crude oil for U.S. Medium Crude to fill emergency reserves, sources say
The U.S. Energy Department is exploring the possibility of exchanging heavy Venezuelan crude oil for U.S. Two sources told Reuters on Friday that medium-sour crude oil would be used to replenish the Strategic Petroleum Reserve.
Schedule for US Energy Data in Holiday Week
The Martin Luther King Jr. federal holiday, which falls on Monday January 19, will impact the schedule for releasing some of the major energy data that was scheduled to be released during the week ending January 18. The schedule below shows the U.S.
Another legal defeat for Trump as US judge allows Dominion to restart offshore wind project
Federal judge cleared Dominion Energy, a U.S. energy company to resume its Virginia offshore project on Friday. This is the third legal blow this week against President Donald Trump’s anti-offshore winds agenda. Judge Jamar Walker of U.S.
Baker Hughes reports that US drillers have cut their oil and gas rigs a second time in a week.
Baker Hughes, a leading energy services company, said in its closely watched report published on Friday that U.S. firms have cut back the number of natural gas and oil rigs for the second consecutive week. In the week ending January 16…
Venezuelan oil companies are pushing for rapid reforms to allow them to control oil exports
Sources involved in the talks say that oil executives and lawyers from international oil companies are lobbying for changes to the hydrocarbon laws of OPEC members in order to 'give them the freedom to export the oil produced in Venezuela.
Energy Department: US does not consider using Venezuelan oil to fill strategic reserves as a current option.
Department of Energy, Friday, said that the U.S. Government is not considering the use of Venezuelan oil as part of an exchange with U.S. companies for the purpose of refilling the country's Strategic Petroleum Reserve. On Friday…
Security sources claim that Syrian forces have seized major oil and gas fields in eastern Syria
Officials and security sources reported on Sunday that Syrian troops fighting U.S. Kurdish-led force seized the largest oil field in Syria, the Omar, as well as the Conoco gas fields in eastern Deir 'Zor province, while allied…