Ukraine increases gas imports via Transbalkan route amid intensifying Russian strikes
Import data from transit operators shows that Ukraine will dramatically increase its gas imports via southern Transbalkan route, which links it to Greece on Friday in order to replace supplies lost because of Russian attacks. In recent months…
US Natural Gas Futures Ease 1% on Ample Gas in Storage
U.S. natural gas futures eased about 1% on Thursday on near-record output and ample amounts of gas in storage despite near-historic flows to liquefied natural gas (LNG) export plants and forecasts for colder weather and higher demand…
Are renewables prepared for the COP30 discussion on fossil fuels?
At the climate summit, it may be premature to declare the end to the fossil fuel age. But up to 80 nations are calling for a concrete plan that will move us away from polluting energy. The 195 countries at the COP30, including the oil producers…
Palm oil reaches almost a three-week high due to strong soyoil
Supported by higher soyoil, Malaysian palm oil prices rose for the fifth straight session to close at their highest level in nearly three weeks. The benchmark contract for palm oil delivery in January on the Bursa Derivatives Exchange rose 17 ringgit (0.4%) to 4,226 Ringgit ($1,018.80).
Temperatures fall, wind decreases and there is a stronger demand.
The European power price rose on Wednesday as a result of a combination between lower wind production and increased demand, with temperatures falling in line with the seasons. Naser Hashemi, LSEG analyst, said: "Tomorrow’s outlook is bullish.
INSIGHT- West scrambles fill the heavy rare earth gap, as China rivalry intensifies
Western efforts to create a domestic magnets supply chain in order to reduce their reliance on China, led by the massive U.S. support for Nevada-based MP Materials, are running into a major problem: a scarcity of heavy rare earth elements.
Demand concerns and a stronger ringgit counteract a firmer soyoil, which keeps palm steady.
The price of Malaysian palm oils futures was little changed on Tuesday, despite a strengthening soyoil and concerns about demand. At the midday break, the benchmark contract for palm oil delivery in January on the Bursa Derivatives exchange gained 10 ringgit or 0.24% to 4…
The Japanese Governor is set to approve the restart of the world's largest nuclear plant
Kyodo reported that the Japanese governor who oversees the region which is home to the largest nuclear power station in the world is expected to approve its restart this week. The approval is one of the last remaining milestones for…
Trump Administration revokes Biden's limits on Alaskan oil drilling
The Trump Administration finalized on Thursday its rollback of Biden's limits on oil-and-gas drilling in Alaska, the largest area of public land that has not been disturbed by humans. This move is in line with the goal of President Donald…
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…
Canada fast tracks the Ksi Lisims LNG Project
Canada announced on Thursday that it would add the proposed Ksi Lisims Liquefied Natural Gas (LNG) facility to its list of major projects for faster tracking. The company behind the project claims this designation makes the project more likely to move forward.
Siemens misses its profit forecasts as it prepares a spin-off of Healthineers
Siemens announced Thursday that its industrial profit was slightly lower than analyst expectations for its fourth quarter after it announced plans to reduce its share in Siemens Healthineers. Siemens, which produces everything from industrial software to trains to trains themselves…
IEA Predicts World Oil, Gas Demand Could Grow Until 2050
Global oil and gas demand could grow until 2050, the International Energy Agency said on Wednesday, departing from previous expectations of a speedy transition to cleaner fuels following U.S. criticism about its climate focus.The Paris…
India's Modi extends a $450 million credit to Bhutan and expands energy relations
India and Bhutan strengthened their energy ties during Prime Minister Narendra modi's visit on Tuesday to the Himalayan country where he opened a hydroelectric project and extended a line of credit worth 40 billion rupees ($455 millions).
Tata Power to build India's largest wafer and ingot manufacturing plant
Tata Power, India's largest solar ingots and wafers manufacturer, plans to build a 10 gigawatt manufacturing facility. This is according to the chief executive Praveer sinha. Tata Power would be present in the entire manufacturing chain…
Australian shares increase as resources improve, ANZ rebounds
Australian shares rose on Monday. Resources stocks gained due to higher underlying prices, and the lender ANZ Group recovered from its early losses despite reporting a decline in annual cash profits. As of 2321 GMT, the S&P/ASX 200 was up 0.3% to 8,799.50.
Trump proposes Alaska oil sale by 2026, finalizes sale of US Gulf oil leases
It was announced on Friday that the Trump administration would hold an auction to drill oil and gas in the U.S. Gulf of Mexico next month. They have also proposed another one in a waterway located in southern Alaska. About 80 million acres will be available for lease in the U.S.
Sponsored: Energy and Finance Chiefs Call for Sound Policy, Stable Frameworks at ADIPEC
Global finance leaders discuss the new era of energy investment defined by pragmatism, diversification and strategic capital allocation Industry leaders urge fundamentals-based planning amid global volatility, with stable, sound and…
Sources say that Russia's Orenburg plant has increased its gas imports from Kazakhstan
Two industry sources reported on Thursday that the Russian Orenburg gas plant had increased its gas intake from the Karachaganak gas field in Kazakhstan at the beginning of November, in an effort to recover gradually after it was attacked by drones last month.
Woodside Energy predicts that sales will increase by 50% by the year 2032
Meg O'Neill, CEO of Woodside Energy, said that the company expects to see its oil and gas sales increase by 50% in 2032, primarily due to rising energy demand, especially on Asian markets. O'Neill stated in a presentation at the Capital…