US energy sector reels as winter storm knocks 2 million bpd crude production
Analysts and traders estimate that U.S. producers lost as much as 2 million barrels per day or 15% of their production during the weekend. This was due to a winter storm which ravaged the nation…
China's crude and gas production, refinery throughput in 2025 will reach new heights
Government data released on Monday showed that China's crude oil production and refinery throughput will both reach new highs in 2025, with crude oil growth of 1.5% and 4.1% respectively.
MOL, the Hungarian company, could soon sign a first deal to purchase a stake in Serbian NIS
Peter Szijjarto, the Hungarian foreign minister, said that the Hungarian oil company MOL will sign the first important deal in its negotiations to purchase a majority stake of the…
French spot is a clear winner over surging wind power
European prompt electricity prices fell on Friday as more sunshine and gusty winds were predicted and nuclear'supply increased amid icy weather conditions. Winter weather in Europe is severe…
Indonesia considers increasing the palm oil export tax to support biodiesel mandate
Eniya?Listiani Dewi, an official in the energy ministry, told reporters on Thursday that Indonesia would likely increase its palm?oil export levy to help support biodiesel production. She cited tightening finances.
US oil companies benefit after Trump signals access Venezuelan reserves
U.S. Oil Companies' Shares jumped Monday fueled by the prospect that the U.S. could gain access to Venezuela's vast reserves of oil after President Donald Trump announced that the U.S.
What just happened? Ten charts that will help you understand the market in 2025
The past year will not be forgotten soon. The conventional wisdom about investor behavior and economics was often challenged in 2025 as technology, energy, and geopolitics influenced markets in unexpected ways.
What just happened? Ten charts that will help you understand the market in 2025
The past year will not be forgotten soon. The conventional wisdom about investor behavior and economics was often challenged in 2025 as technology, energy, and geopolitics influenced markets in unexpected ways.
Indonesia allocates 15,65 million kilolitres for biodiesel in 2026
An official from the Indonesia Energy and Mineral Resources Ministry told us on Tuesday that the Ministry had signed a decree allowing it to allocate 15.65 million kilograms of…
Glencore purchases majority stake in Dutch fuel firm FincoEnergies
LONDON, December 22 - Global commodities traders and miners Glencore have?agreed? to purchase a majority stake of Dutch fuel supplier FincoEnergies, for an undisclosed amount, the Dutch company announced on Monday.
Palm slips by more than 1% and records second weekly drop
Malaysian palm futures fell more than 1% Friday, marking a second consecutive weekly decline. Prices were pressured by a stronger ringgit and weaker edible oils. The benchmark contract…
Germany's VCI predicts a "difficult road" and a stagnant chemical industry in 2026
VCI, the German chemicals lobby, expects that orders and sales will stagnate by 2026 due to high regulatory uncertainty, uncompetitive?production costs, and slow approval process.
Congo miners urge urgent talks on clearing cobalt export backlog
Congo's mining industry has called on the government to hold urgent discussions in order to clarify the new rules for cobalt export. They also said that legal ambiguities, compliance…
Brann Named Business Manager at MiM
Marketing in Maritime (MiM), the specialist networking and development community for marketing and communications professionals in the marine and energy sectors, appointed Kae-Ley…
COP30: Brazil seeks biofuel boom, but critics query climate impact
Timothy Searchinger is a senior research scholar from Princeton University. He said that when land produces fuel instead of food someone else will have to clear more land or eat less.
Made in Nigeria: Africa's drive to become a solar superpower
In pink overalls they pack the tested products to be shipped from the Salpha Energy solar assembly plant near Calabar, West Africa. It's not happening at home anymore. Salpha Energy…
Indonesia is considering regulating crude palm oils exports to meet the B50 demand
Indonesian government could regulate crude palm oil exports to ensure that there is sufficient supply domestically to produce biodiesel. This was announced by the country's energy minister on Tuesday.
Minister says Indonesia is on track to reach B50 biodiesel by 2026, reducing gasoil imports.
Indonesia will make B50 biodiesel, which is 50% palm oil based biofuel (B50), mandatory by 2026 to reduce gasoil imports. This was announced by the country's energy minister. Indonesia…
Indonesia makes another step toward B50 biodiesel
An official from the Energy Ministry said that Indonesia has completed laboratory tests to prepare for launching B50, a biodiesel with 50% palm oil based biofuel. The country is…
Saudi Arabia will host the first Hydrogen World cup event for motor racing Extreme H
The pioneering hydrogen off road racing series Extreme H is set to debut in Saudi Arabia as a World Cup event next month, after organizers scrapped plans for a multi-round championship.