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VEGOILS-Palm falls tracking weaker soyoil prices
Malaysian palm futures declined on Thursday due to weaker soyoil and possible trade talks between China and the United States. At the close, the benchmark palm oil contract on Bursa Derivatives Exchange for November delivery fell 40 ringgit or 0.89% to 4,448 Ringgit ($1,057.79). The contract increased by 0.4% during the previous session.
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Exxon expects a surge in natural gas demand by 2050
Exxon Mobil's annual outlook said that global demand for natural gases will increase by more than 20 percent from its level last year in 2050, as the gas replaces coal in powering industries and meeting higher electricity needs in developing countries. These projections form the basis of the long-term investment and strategy for the largest U.S.
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Sanctioned Arctic Mulan LNG Tanker Berths in China
A tanker carrying liquefied natural gas from Russia's sanctioned Arctic LNG 2 plant has moored at an import terminal in southern China on Thursday, after loading at a Russian storage facility in June, Kpler and LSEG ship-tracking data showed.If the tanker discharges the LNG at the terminal…
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Wood Group extends deadline for Sidara's offer to August 29,
Wood Group announced on Thursday that the UK takeover committee has extended to August 29, the deadline for the takeover bid from Dubai-based Sidara. Sidara reduced its offer for Wood Group earlier this week following an investigation by the UK Financial Conduct Authority into the company's operations.
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EDF will make 6 GW hydropower available as part of a French agreement with EU
The Prime Minister's Office announced on Thursday that EDF, the French state-owned utility, will offer 6 gigawatts in hydroelectric power to third parties as part of an agreement with the European Commission. The office of Prime Minister Francois bayrou said that this virtual capacity…
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Indian automakers claim ethanol fuel is safe but reduces mileage, as motorists complain
India's new fuel blend with 20% ethanol is expected to reduce vehicle mileage by 2-4%, but it's safe, according to a lobby…
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Egypt signs $340 million oil and gas exploration deal with global firms
The Petroleum Ministry announced on Saturday that Egypt had signed four agreements worth $340 million with international…
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Schedule for US Energy Data in the week of August 31
Labor Day, which falls on September 1, will impact the schedule for the release of major energy data during the week ending August 31.
Latest news
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Baker Hughes reports that US drillers have cut their oil and gas rigs a second time in a week.
Baker Hughes, a leading energy services company, said that the U.S. firms have cut back on oil and gas rigs for the second consecutive week.
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EIA: US oil production reached record high in June
The U.S. crude production reached a record in June. It increased by 133,000 barrels a day, to 13,58 million bpd. This is…
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Wood Group accepts Sidara’s takeover bid following a year-long pursuit
The Wood Group in Britain has accepted a conditional bid of 216 million pounds ($292 millions) from Dubai's Sidara. This…
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Document shows EU wants proof of Russian gas origin in order to enforce Russian ban
A document obtained by revealed that European Union countries may impose stricter requirements for companies to prove the…
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Andy Home: A quiet revolution is taking place in the mining industry
If the world wants to move away from fossil fuels, it will need to have a large amount of copper. Can the mining industry meet this demand?
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The impact of rising renewable supply on spot prices
On Monday, the price of baseload electricity is expected to fall in Germany due to an increase in wind and solar energy generation.
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Malaysia's Petronas announces a'strategic transform' after H1 profits fall
Petroliam Nasional Bhd, the Malaysian state-owned energy company (Petronas), announced on Friday it had undergone a "strategic…
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Prices for EUROPE-GAS are little changed due to weak demand and Norwegian outages
The wholesale gas prices in the Netherlands and Britain were not much different on Friday morning, as maintenance hit supply…
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Ali, the Guyanan president, seeks a second term amid a oil boom
Guyanese will vote in general elections on Monday. They'll decide if President Irfaan Ali's People's Progressive Party, which…
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Egypt boosts gas production with two new West Delta Wells
Egypt's Petroleum Ministry announced on Friday that the two deepwater West Delta wells have been brought online. This will…
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Palm poised to snap a three-week advantage over weaker rival oils
The market was weighed down by the weakness of rival edible oils, and traders were closing their positions before the long weekend.
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After staff cuts, US Energy Data Agency delays reports on uranium and international outlook
Energy Statistics, the U.S. Government's arm that collects and analyzes data about energy, has seen its staff reduced this year.
Offshore Oil & Gas
Shale Oil & Gas
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Egypt boosts gas production with two new West Delta Wells
Egypt's Petroleum Ministry announced on Friday that the two deepwater West Delta wells have been brought online. This will…
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Trump's options for easing Russia sanctions are limited in comparison to Europe
Donald Trump, the U.S. president, could lift some sanctions against Russia quickly as a way to reward Moscow for successful peace talks with Ukraine.
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Exxon expects a surge in natural gas demand by 2050
Exxon Mobil's annual outlook said that global demand for natural gases will increase by more than 20 percent from its level last year in 2050…
LNG
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Germany Looks to Meet European Demand with Canadian LNG
German companies are looking to buy and swap Canadian LNG cargoes shipped off the Pacific coast to help meet European demand…
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DP World Wins Contract to For Floating LNG Facility Off Mexico
Drydocks World, a unit of DP World, a Dubai-owned ports and logistics company, has secured an engineering, procurement, and construction contract for
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Tokyo Gas to Buy LNG from Venture Global
Tokyo Gas is in discussions with Venture Global to purchase 1 million metric tonnes per annum of liquefied natural gas from…
Renewables
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Palm poised to snap a three-week advantage over weaker rival oils
The market was weighed down by the weakness of rival edible oils, and traders were closing their positions before the long weekend.
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After staff cuts, US Energy Data Agency delays reports on uranium and international outlook
Energy Statistics, the U.S. Government's arm that collects and analyzes data about energy, has seen its staff reduced this year.
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VEGOILS-Palm falls tracking weaker soyoil prices
Malaysian palm futures declined on Thursday due to weaker soyoil and possible trade talks between China and the United States.
