World Energy News

Oil Prices Fall on Looming Supply Glut

Oil prices fell by more than $1 a barrel on Friday as investors weighed a looming global supply glut, while also keeping an eye on a potential Ukraine peace deal ahead of talks this weekend between Ukrainian President Volodymyr Zelenskiy and U.S. President Donald Trump.Brent crude futures fell $1.13 or 1.82% to $61.11 per barrel by 1:14 p.m. EDT.
Australian shares drop as miners and banks fall on holiday thin trade

Australian shares dropped on Monday. The final trading week of the year began on a quiet note as banks and miners led the losses. They eased from recent highs, as holiday turnover exaggerated movements across the market. Investors returned to the market after their Christmas and Boxing Day holidays…
Palm snaps four-session rally due to high stock prices

Malaysian palm futures ended a four session rally on Monday. They were weighed down by increased inventories but kept in check by expectations of declining?production and firmer demand. By the close, the benchmark palm oil contract on Bursa Derivatives Exchange for March delivery had fallen 40 ringgit or 0.98% to 4,049 Ringgit ($997.78).
Document shows that Nigeria's NNPC is looking to sell stakes in certain oil and gas assets. It invites bids.

According to an invitation received on Monday, NNPC Limited (the state-owned energy firm of Nigeria, Africa's top oil producer) plans to sell stakes?in?some of its?oil and?gas _assets. NNPC has some assets that it owns outright, while others are in partnership with oil companies such as Shell, Chevron Eni, TotalEnergies, and Chevron.
Frontera to Supply Significant Crude Oil to Chevron Unit

Frontera Energy's Colombian unit has signed a prepayment and commercial agreement worth up to $120 million with a unit of U.S. oil major Chevron to supply crude oil over two years, the Canadian oil producer said on Monday.Under the deal, Frontera will receive an initial $80 million…

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Shale Oil & Gas

Ministry says that the technical problem at Iraq's Khor Mor Gas Field is causing a drop in power supply to Kurdistan.

The Kurdish Ministry of Electricity announced on Thursday that the electricity supply in Kurdistan had dropped by 1,000 megawatts because of a "technical problem" at the Khor Mor gas fields, one of the largest in the Kurdish Region. The ministry of electricity stated that the Ministry of Natural Resources and the UAE's Dana Gas team, who?jointly operated the field?, are working to restore stability.

LNG

US Natural Gas Futures Rise as Forecasts Predict Colder Weather

U.S. natural gas futures rose on Friday in thin-volume trading and were on track for a weekly gain, ending a two-week losing streak, as forecasts pointed to colder weather and increased demand in the weeks ahead.Front-month gas futures for January delivery on the New York Mercantile Exchange were up 4.4 cents, or 1% at $4.29 per million British thermal units. The contract was up 8.5% so far this week.Prices reached their highest level since December 11…

Renewables

Palm climbs on Dalian's strength; set to gain weekly

Malaysian palm oils futures were up on Friday, and they were poised to make their first weekly gains in three weeks,?boosted by Dalian oil, which was stronger, although a stronger ringgit limited the gains. By midday, the benchmark March palm oil contract on Bursa Derivatives Exchange had gained 31 ringgit or 0.77% to 4,068 Ringgit ($1,007.93). This week, the contract has increased by?3.38%. A Kuala Lumpur based trader reported that the market had a strong rally.

Oil Prices Fall on Looming Supply Glut

Australian shares drop as miners and banks fall on holiday thin trade

Palm snaps four-session rally due to high stock prices

Document shows that Nigeria's NNPC is looking to sell stakes in certain oil and gas assets. It invites bids.

Frontera to Supply Significant Crude Oil to Chevron Unit

Russell: Commodities battered by Trump's whirlwind will find relief in 2026.

Tinubu, Nigeria's Tinubu, approves a debt forgiveness of $1.42 billion for the state oil company NNPC

French electricity prices drop as wind power increases

Latest news

Palm oil prices slip on concerns about high stocks

NovaBio reports that sugarcane crushing in Brazil's north regions has dropped 9.4% since November 30.

EUROPE GAS: Cold spell pushes Dutch benchmark contract up by one month

The head of the car association says that demand for lithium batteries in China will fall by early 2026.

Palm oil gains weekly, reaches two-week peak on Dalian strength

Turkey claims that Russia provided $9 billion to it for the Akkuyu Nuclear Plant

Democratic Governors ask Trump Administration to lift the freeze on offshore Wind Projects

London's FTSE 100 ends lower in a shortened Christmas Eve Session

Palm gains muted by firmer Ringgit, despite crude gains

FTSE 100 ticks down in shortened Christmas Eve Session

Russia builds its first LNG tanker of the ice class and plans to build two more by 2026

Shale Oil & Gas

Ministry says that the technical problem at Iraq's Khor Mor Gas Field is causing a drop in power supply to Kurdistan.

London's FTSE 100 ends lower in a shortened Christmas Eve Session

Engineers say that Iraq's gas supply from Iran, which was halted for a while, is expected to resume within a week.

FTSE 100 ticks down in shortened Christmas Eve Session

LNG

US Natural Gas Futures Rise as Forecasts Predict Colder Weather

Asia Spot LNG Prices Rise with South Korean Demand

US Natural Gas Futures Rise Alongside LNG Export Demand

Gazprom Delivers First LNG Cargo to China Post Sanctions

Renewables

Palm climbs on Dalian's strength; set to gain weekly

Palm oil gains weekly, reaches two-week peak on Dalian strength

Turkey claims that Russia provided $9 billion to it for the Akkuyu Nuclear Plant

Democratic Governors ask Trump Administration to lift the freeze on offshore Wind Projects

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