Shell Q1 profit drops 28%, but beats expectations
Shell reported Friday a 28% decline in its first-quarter profit, to $5.58billion, exceeding analyst expectations. It also kept pace with its share buyback program despite falling oil prices and lower refinery margins than the previous year.
As the election approaches, Australia's richest woman says she wants Trump like reforms
Gina Rinehart, a mining magnate in Australia, is calling on the country to adopt a Donald Trump-style of leadership and cut government spending while increasing defence expenditures and energy security. The country will be voting this weekend.
UNICA: Brazil sugar production up 1.25 percent in the first half of April
UNICA, a group representing the industry, announced on Wednesday that sugar production in Brazil’s center-south region reached 731,000 tons during the first six months of April. This is up 1.25 percent from a year ago and beats analyst expectations.
Glencore reports a 30% decline in the first quarter copper production
Glencore reported on Wednesday lower copper production for the first quarter and said that it expects its 2025 trading division profit to be at the middle of the long-term annual guidance. The miner-trader reported a 30 percent drop in the first quarter copper production, to 167.900 metric tons.
Equinor Q1 profits rise more than expected
Equinor announced a higher than expected increase in its first quarter profit on Wednesday. This was boosted by an increase in European gas prices compared to the same period last year. Equinor's poll of 20 analysts predicted that the Norwegian…
Origin Energy Australia reports a 10% decline in revenue for Q3 due to lower APLNG prices
Origin Energy reported a 10% decline in revenue from its Australia Pacific LNG Project (APLNG), as falling LNG prices and lower LNG volumes impacted the top line. Since the beginning of 2025, prices of liquefied natural gases have been under pressure due to a tepid winter season in Asia.
Petrobras reports slight decline in oil and gas production for the first quarter
Petrobras, the state-owned oil company in Brazil, reported Tuesday that it produced 2.77 million barrels equivalents of oil per day (boed), down 0.2% compared to a year ago. Petrobras said that its oil production in Brazil dropped by 1% on an annual basis…
Russell: Asia's LNG consumption is muted in April, while Europe's demand eases.
In April, Asia's LNG imports remained muted while Europe began to show signs that the seasonal slowdown was beginning as winter demand dwindled. According to commodity analysts Kpler, Asia is expected to receive 22,40 million metric tonnes of super-chilled fuel in April.
Russell: Asia's LNG consumption is muted in April, while Europe is easing up.
In April, Asia's LNG imports remained muted while Europe began to show signs that the seasonal slowdown was beginning as winter demand dwindled. According to commodity analysts Kpler, Asia is expected to receive 22,40 million metric tonnes of super-chilled fuel in April.
Enagas' chief executive says that Spain's national hydro network plan is ahead of schedule
The chief of Spanish gas grid operator Enagas announced on Friday that plans to build a 2,600 km (1.615 mile) network of hydrogen in Spain were progressing ahead of schedule. Infrastructure is also on track for a start-up in 2030. The H2Med…
CMS Energy reports higher profits on the strong demand for power from data centers
CMS Energy, a U.S. gas and electric utility, reported on Thursday a higher profit for the first quarter. This was due to heightened power demand. In February, the U.S. Energy Information Administration forecast that power demand would reach…
Fugro, a geo-data firm, has reduced its workforce and shifted business models as the US weighs in.
Dutch geological data specialist Fugro announced it would reduce more jobs and focus on different business segments, after confirming Thursday a decline in revenue for the first quarter. The drop was caused by a slowdown in U.S. off-shore wind projects.
Tauron's net profit for the full year fell 48% due to a drop in revenues
The Polish utility Tauron reported a 48% drop in its net profit for the full year, due mainly to lower revenue from electricity sales. The preliminary figures for March were a little lower than the results of the company. Tauron is Poland's second largest power utility based on market value.
Prices of EUROPE GAS rise amid economic turmoil
Dutch and British gas rates rose Monday morning, in line with the equities market, after some tariff exemptions were granted for Chinese products supplying tech companies. Milder, windier conditions should also allow for increased gas storage filling.
Spot prices expected to rise due to falling renewable energy supplies
The strong decline in wind and solar energy supply across the region is expected to exert bullish pressure on spot contract prices on Monday, while three unplanned outages and two planned ones will reduce French nuclear availability. LSEG data…
US lawmakers block IMF Central Africa Support over Oil Fund Dispute
U.S. legislators have introduced legislation to block International Monetary Fund assistance for certain Central African countries in order to protect billions of dollars oil companies are required by law set aside for environmental restoration.
US lawmakers block IMF Central Africa Support over Oil Fund Dispute
U.S. legislators have introduced legislation to block the International Monetary Fund's (IMF) assistance for certain Central African countries. This is in order to protect billions of dollars which oil companies are required by law set aside for environmental restoration.
Spot prices drop on rising renewable supply
The French spot electricity price for Thursday dropped on Wednesday, as the renewable energy supply was expected to increase and demand to fall in most countries of central Western Europe. French baseload electricity for Thursday fell 10.6% to 81.35 Euros ($89.66 per megawatt-hour (MWh) at 0836 GMT.
As U.S. Tariffs take effect, the prices of gas in Europe will fall in line with those on other markets.
The Dutch and British gas price fell on Wednesday in line with the wider sell-offs of equity and commodities markets, as U.S. "reciprocal" tariffs took effect, which has raised fears about a recession. LSEG data shows that the benchmark Dutch front-month contract fell by 1.07 euros…
Palm oil is gaining to follow Chicago soyoils and crude oil higher
Malaysian palm oils futures climbed slightly higher on Tuesday after three sessions of losses. They mirrored the movement in crude oil, Chicago soyoil and other commodities, but concerns over high Malaysian stocks of palm oil capped gains. At closing…
