Shell and MET Group sign an MOU to supply US LNG to Europe
LONDON, February 25 - Switzerland's energy trader MET Group reportedly announced on Wednesday that it 'has signed a Memorandum of Understanding (MoU), with Shell, for the possible purchase of a liquefied gas (LNG), primarily from Shell’s U.S. portfolio of LNG, between 2027-2033.
Sources say that OPEC+ will consider an increase in oil production of 137,000 bpd for April.
OPEC+ will likely consider?raising their oil output by 137,000 barrels a day for April. Three sources familiar with OPEC+'s thinking stated that the group is preparing for the peak summer demand as well as a price increase due to tensions between the U.S.
First Solar shares fall after poor sales forecast amid policy uncertainties
On Wednesday, shares of First 'Solar' fell 12.8% and reached their lowest level since September last year. The company had forecast sales that were below Wall Street estimates due to uncertainty in the U.S. political environment…
Sources: Saudi Arabia increases oil production and exports to prepare for a US attack against Iran
Saudi Arabia has increased its oil exports and production as part of an emergency plan, in case a U.S. attack on Iran disrupts Middle East supplies. Two sources familiar with this plan told Reuters on Wednesday. The Saudi Government…
Saipem is poised to return to Venezuela following the easing of U.S. sanctions
Alessandro Puliti, the chief executive of Italian oil contractor Saipem, said that it is prepared to resume operations in Venezuela after the lifting of U.S. sanction - as they expect demand from "oil majors" later this year.
Sources say that OPEC+ will consider an increase in oil production of 137,000 bpd for April.
OPEC+ is likely to consider raising its oil production by 137,000 barrels a day in April, according to three sources familiar with OPEC+'s thinking. The group is preparing for the peak summer demand, and tensions between the U.S.
First Solar shares fall after weak sales forecast amid policy uncertainties
First Solar shares fell 16.7% on Wednesday in premarket trade after the company predicted annual sales below Wall Street expectations due to uncertainty and delays caused by the Trump administration's U.S. policies. According to LSEG data…
Iberdrola's earnings are higher after the network business boosts results for 2025
Iberdrola, Europe's largest utility, expects its business of building and updating?power?networks in Britain and America to boost earnings this year, after it drove a 10% increase in 2025 adjusted Net Profit. The Spanish company…
Angola’s national oil company is looking to diversify its business into minerals that are critical.
Sonangol, the state-owned Angolan oil company, said Wednesday it wants to diversify its business into minerals that are critical for economic growth. Sonangol's executives told a press conference that the company made a net profit of over $750 million by 2025.
Palm tracks rival Chicago Soyoil Dalian's olein lower
Malaysian palm futures fell on Wednesday, marking the fourth?straight session of declines, following weakness in Chicago soyoil and Dalian's palm oil. The benchmark palm oil contract for May delivery at Bursa Derivatives Exchange dropped 1 ringgit or 0.02% to 4…
Vopak turns strong profits into $2 Billion in investor returns
Vopak, a tank storage company, announced on Wednesday that it will return 1.7 billion Euros ($2.0 billion) in dividends to shareholders over the course of the next five-year period. Profits surged by 61% on the back a strong cash flow last year.
The recurring profit of EDPR, a renewable energy company, will jump 50% in 2025 due to US growth
EDP Renovaveis is the fourth largest?wind energy producer in the world. On Wednesday, it announced that recurring net profit would rise 50% by 2025. This was due to a strong U.S. expansion of capacity, despite lower capital gains. It also projected a?increase?
The US AI boom is facing an electric shock
The race for artificial intelligence dominance by Big Tech may hit a snag soon as U.S. power grids struggle to keep up with hyperscalers who spend a lot of money. Microsoft, Amazon Alphabet, and Meta are among the technology…
Palm oil surpasses rival Dalian and Chicago oils are higher
Malaysian palm oils futures climbed a little higher on Wednesday, after three consecutive sessions of declines, as they tracked the strength in Dalian & Chicago soy oil, and market participants were awaiting cargo surveyor export data for further direction.
U.S. Trade Action Deals Blow to Indian Solar Makers
Analysts and representatives of the industry said that India's plans for strengthening its?position on the U.S. Solar market have been stymied by Washington's decision to impose steep anti-dumping duties?on solar panels and cells?shipped primarily from a few?Asian hubs. U.S.
Hyundai Motor will unveil multi-billion dollar investment in South Korea. Source says
Hyundai Motor Group is planning to unveil a multibillion-dollar investment on South Korea's west coast. A source with direct knowledge said this Wednesday. The auto?group?is expanding into artificial intelligence and robotics for autonomous driving.
First Solar's outlook is not as optimistic as it was in the Trump era.
First Solar, the U.S.'s largest solar panel manufacturer, cited a?customer headwind, such as delays in permits under the Donald Trump Administration, which sent its shares down by nearly 14%. In a call following earnings, CFO…
EOG Resources exceeds profit expectations on the back of strong production and higher gas prices
EOG Resources beat estimates for the fourth quarter profit on Tuesday as higher natgas and output prices offset a drop in crude oil prices. U.S. Natural Gas Futures increased over 11% sequentially during the fourth quarter. This was due to stronger demand…
Solar dominates import seizures following US ban on Chinese products made with forced labor
According to the latest data released by the U.S. Customs and Border Protection, solar panels account for the majority of the value in shipments that are stopped at the U.S. border as a result of a law passed in 2021 banning goods made with Chinese forced labour.
First Solar's stock plunges following a disappointing net sales forecast
First Solar, the largest U.S.-based?maker of solar panels, has forecast current-year sales that are?below expectations. The U.S. solar?panel?expects a higher price?for their products?following?additional tariffs?on foreign-made solar panels.