The LNG tanker Kunpeng loads cargo at a Russian plant in violation of sanctions
Ship-tracking data showed that a liquefied gas tanker loaded a cargo at Russia's Portovaya?LNG plant, which is under Western sanctions due to Moscow's conflict in Ukraine. According to data provided by analytics firm Kpler, the Kunpeng arrived in Portovaya's LNG terminal on December 18, was unloaded on that day and left with a cargo of natural gas on December 21.
Japanese companies to gain more control over LNG joint ventures with state-backed groups
The industry ministry announced on Tuesday that Japanese companies would gain more control over JOGMEC-backed liquefied natural gas joint ventures and recover their investments faster as part of measures aimed to strengthen the nation's security in energy. The Ministry of Economy, Trade and Industry told a committee of resource and fuel policy it would encourage Japanese companies to invest in LNG.
VEGOILS-Palm oil closes lower tracking rival soyoil
Malaysian palm futures closed on Monday due to the weakness of rival Dalian and Chicago soybean oil prices, which was a result of concerns over Chinese purchases of U.S. soy beans. The benchmark contract for palm oil delivery in February on the Bursa Derivatives Exchange dropped 58 ringgit or 1.4% to 4,094 Ringgit ($996.11) per metric ton. The Farm Trade is a Kuala Lumpur based consultancy and trading firm.
VEGOILS-Palm oil tracks rival soyoil lower
Malaysian palm futures declined on Monday due to the weakness of rival Dalian and Chicago soybean oil prices, which was a result of concerns over China's slow purchase of U.S. soya beans. By midday, the benchmark palm oil contract on Bursa Derivatives Exchange for February delivery fell by 57 ringgit or 1.37% to 4,095 Ringgit ($996.84).
Hungarian energy company MVM is ready to phase out Russian Gas if necessary
Hungary's MVM state-owned group can still supply gas to the country even if Russian imports are stopped, but prices will probably rise, according to its chief executive. As part of a move to reduce the EU's energy dependence on Moscow over decades, the European Union decided on Wednesday to stop importing Russian gas by 2027. Short-term pipeline gas contracts will be affected as early as June 2026.
Palm extends its losses due to weaker oil rivals, and higher stockpile expectation
Malaysian palm futures declined for a second day on Thursday. They were pressured by lower edible oils on the Dalian and Chicago market and rising expectations. At closing, the benchmark palm oil contract on Bursa Derivatives Exchange for February delivery fell 47 ringgit or 1.13% to 4,106 Ringgit ($999.03). Weaker rival oilseeds pushed down crude palm oil futures today.
Palm extends its losses due to weaker oil rivals, and higher stockpile expectation
Malaysian palm futures declined for a second day on Thursday. They were pressured by lower edible oils on the Dalian and Chicago market and rising expectations. By midday, the benchmark palm oil contract on Bursa Malaysia's Derivatives exchange for February delivery had fallen 51 ringgit or 1.23% to 4,102 Ringgit ($996.84). Weaker rival oilseeds pushed down crude palm oil futures today.
Turkey Cuts Russian Urals Oil Imports, Turns to Kazakh, Iraqi Supply
Turkey sharply reduced its imports of Russia's flagship Urals crude oil in November, shipping data from energy consultancy Kpler showed, as Western sanctions on Russian energy suppliers tightened and Turkish refineries shifted to alternative grades.Shipments of Urals to Turkey fell by 100,000 barrels per day from October levels…
The US SEC settles with the former CFO of smart window maker View
Former chief financial officer, View, settled a lawsuit filed by the Securities and Exchange Commission in the United States. The suit claimed that he had negligently allowed View to understate costs of replacing "smart" windows with defective ones. According to a filing made Wednesday in San Jose federal court, lawyers for Vidul Prakash…
What might Maduro have to offer Trump? What could Maduro offer Trump in potential talks?
Venezuelan President Nicolas Maduro is in a position to use crude oil cargoes that Venezuela sells mainly to China as a bargaining tool if Venezuela decides to negotiate with the United States. The Trump administration has increased its military presence in Caribbean and has stated that it is willing to talk to Maduro. His government…
CNOOC Ships First Golden Arrowhead Crude from Guyana To China
According to shipping and trade data, China, the world's largest oil importer will receive its first Golden Arrowhead Crude cargo from Guyana by December. Producer CNOOC Ltd is looking to expand markets for this new grade. CNOOC loaded a million-barrel shipment onto the Very Large Crude Carrier Sophia in November. The cargo will be discharged on December 15 in Huizhou…
Glencore reduces Century Aluminum stake from 33% to 33% following tariff-driven rally
Glencore cut its stake in Century Aluminum from 10% to 33%. This has resulted in millions of dollars in profit following the share price rally that was sparked by U.S. Tariffs on Aluminium Imports. On June 4, U.S. president Donald Trump increased the tariffs on aluminum imports from 25% to 50% in order to encourage investment in the production of this metal in the United States.
Canada Names Ksi Lisims LNG Project for Fast-Tracking
Canada said on Thursday it will add the proposed Ksi Lisims LNG facility to its major projects list for fast-tracking, a designation the company behind the project said makes it more likely to proceed.Prime Minister Mark Carney made the announcement in Prince Rupert, British Columbia, where the facility would be located with direct shipping access to Asia.
French and Benelux stocks: Factors to watch
Here are some company news and stories that could impact the markets in France and Benelux or even individual stocks. The French parliament voted on Wednesday to suspend the controversial pension reform, as budget bills for next year are pushed through under constant threats to the survival of the government. Solvay announced on…
Top official: India may miss its 2030 green hydrogen production targets
A senior government official stated on Tuesday that some green hydrogen projects in India, which are geared towards export, will likely start later than initially planned, due to global policy uncertainty. This could delay the country's clean-fuel ambitions. Santosh Sarangi said that the country expects to reach its original target of 5 MMTPA by 2032 and produce 3 million metric tons (MMTPA)…
Vitol Delfin LNG, IRH and IRH Sign 20-Year LNG Supply Agreement
Vitol announced on Wednesday that International Resources Holdings (IRH) had signed a 20 year agreement with Delfin and Vitol to purchase and sell 1.0 million tonnes of liquefied gas per annum from Delfin’s U.S. export facility. The deal stipulates that Delfin LNG would supply LNG free-onboard to Vitol. Vitol will then act as an offtaker and deliver volumes to IRH Global Trading.
Judge rules that the former CFO of smart window maker View is subject to SEC charges
A federal judge has ruled that the former chief financial officer for View, who was accused of negligently allowing the manufacturer of "smart" windows to understate costs of replacing defective windows by the U.S. Securities and Exchange Commission. In a decision handed down on Monday evening, U.S. district judge Beth Labson Freeman of San Jose…
Norway's Kongsberg Group to spin-off maritime business through IPO
Norwegian defence contractor Kongsberg Gruppen - maker of the Joint Strike Missile system - announced on Thursday that it would spin off its civilian focused Kongsberg Maritime in an initial public offer on the Oslo Bourse. In a press release, Kongsberg Group said that the synergies among the different business areas had diminished over the years.
Trade executives say that global LNG demand will rise as new supplies lower prices.
Trading executives at the Asia Gas Markets Conference on Tuesday said that global liquefied Natural Gas (LNG), demand will rebound due to new supply entering the markets, which is expected to drive prices down and spur the interest of price-sensitive buyers. Mohammad Arif is the head of LNG Asia Pacific at Uniper. He said that demand would gradually develop…
Sources say that Congo's cobalt exporters are still waiting for approvals.
Four industry sources said that cobalt producers are still waiting on government approval for the resume of exports. A quota system was introduced in October and it was expected that shipments would restart immediately. The system replaced an export suspension of several months that had disrupted global supply chain and rattled electric car manufacturers, especially in China, the top consumer.