Germany's Uniper stresses diversification and downplays the increasing reliance on US Liquefied Natural Gas
DOHA, February 4 - A top executive of German utility Uniper played down European concerns about increasing reliance on liquefied gas (LNG), which is imported from the United States. He said that companies sign contracts with 'firms…
Eni's LNG market for 2026 is 'finely balancing' due to Asian demand and a thin supply
An Eni executive stated that the global LNG market will remain 'finely balanced' this year due to thin supply buffers and low European inventories, as well as a resurgent Asian demand. This leaves little room for weather-related shocks.
Palm oil catches up with Dalian rivals, but stronger ringgit limits gains
Malaysian palm futures rose on Wednesday, after two straight sessions of declines. Gains in Dalian vegetable oils outweighed pressure from the stronger ringgit and?weakness Chicago soyoil. By midday, the benchmark palm oil contract…
Chinese solar stocks surge after Tesla visit
Chinese solar shares rose in early trading on Wednesday, after local media reported that Tesla staff had visited various companies in the sector. This was just days after Elon Musk announced plans to build large-scale production of solar cells in the U.S.
Sources say that the US will soon issue a general license for oil extraction in Venezuela
Three sources said that the U.S. is preparing to issue a general license allowing oil and gas companies to operate in Venezuela as soon as 'this week'. Washington aims to encourage increased production in the OPEC country since capturing the president.
Commonwealth LNG signs 20-year supply agreement with Mercuria in response to US LNG export growth
Commonwealth LNG announced on Tuesday that it had signed a sale-and-purchase agreement for 20 years to supply Mercuria 1 million metric tonnes of liquefied gas per year. The deal stipulates that Mercuria would provide Commonwealth…
Knight Vinke's founder says that his fund cannot invest in the uncertain US under Trump
Eric Knight stated that his hedge fund could not invest in the United States with President Donald Trump as the risks were too high. However, profits can be made in Europe because there are clearer rules and policies regarding green energy projects.
Grain prices in Chicago corn and soy recover after updated biofuel guidance
Analysts said that Chicago grain and soybean contracts gained ground on Tuesday, as the selloff of commodities markets subsided?and the U.S. Department of the Treasury issued updated guidance?on biofuel credit credits. As of 11 am CT (1600 GMT)…
Knight Vinke's founder says that his fund cannot invest in the uncertain US under Trump
Eric Knight, a hedge fund manager, said that his fund could not invest in the United States with President Donald Trump as the risks were too high. However profits can be made by investing in Europe where the rules and policies regarding green energy projects is more predictable.
Glencore is in talks with a US-backed consortium to sell a 40% stake in DRC mining to Glencore
Glencore has been in discussions to sell a 40 percent stake in its copper-and-cobalt operations in the Democratic Republic of Congo. The assets are valued at $9 billion, including debt. The Orion Critical Mineral Consortium, led by Orion Resource Partners…
US proposes rule for Clean Fuel Tax Credit
The U.S. Treasury Department released a proposed rule on Tuesday governing the way?biofuel manufacturers can access a tax credit of $1 per gallon for?low carbon transportation fuels including aviation fuel. The rule was welcomed by trade groups for biofuels…
After Epstein links, Dr. Peter Attia, a longevity expert and David Protein's founder, steps down.
After his dealings with convicted sex offenders Jeffrey Epstein became public, Dr. Peter Attia, a longevity expert, resigned as Chief Science Officer at protein bar maker David Protein. Attia’s name appears over 1,700 times within…
ADM's profit forecast for 2026 is lower than expected amid uncertainty over US biofuel policy
Archer-Daniels-Midland on Tuesday forecast current-year adjusted profit below analysts' expectations ?as the uncertainty about U.S. biofuel policies and global trade upheaval that dragged on ?earnings ?last year remain a challenge for the grains merchant.
QatarEnergy signs long-term LNG supply agreement with Japan's Jera amid surge in demand
QatarEnergy signed a contract with Japan's largest power generator Jera on Tuesday to supply 3,000,000 tons of LNG per year for 27 years starting in 2028. This deal will further strengthen Qatar's position on the Japanese market.
Data shows that Indonesia imported Russian Sakhalin crude oil in December and January.
Ship tracking data revealed on Tuesday that Indonesia imported two cargoes in December and in January of Russian oil. These purchases were rare for the Southeast Asian nation and could be a sign of Russian oil sellers looking…
Castrol India's quarterly profits drop due to higher costs and one-time charges
The lubricant maker Castrol India reported a 9.9% decline in its fourth-quarter profit on Tuesday. This was due to higher raw material costs and an unforeseen?charge, which outweighed the boost from a sustained demand. Profit…
Siemens Energy CEO: spin-off wind business idea is valid, but first turnaround must be achieved
Siemens Energy CEO, said on Tuesday that it is reasonable for activist investors Ananym Capital?to push?for the spin-off of a loss-making division of wind turbines?of the firm. Ananym, a U.S. company, said it took a stake in…
Siemens Energy CEO: spin-off wind business idea is valid, but first turnaround must be achieved
Siemens Energy CEO, said that it was reasonable for activist investor Ananym Capital to push for a spinoff of?its wind turbine division. However, the business must first be stabilized and turned around. Ananym Capital, based in the United States…
German wind energy supply expected to plummet Wednesday
The French baseload contract fell on Tuesday due to the anticipated return of two reactors. However, the German contract is expected to increase because there will be a decrease in wind power. LSEG data shows that the French…
EUROPE GAS-European gas prices drop on warmer temperatures and US gas price drops
The benchmark British and Dutch wholesale gasoline prices dropped on Tuesday morning, as warmer temperatures were expected to?curb demand. This was followed by a market that had seen prices plummet in the U.S. after freezing temperatures eased.