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US LNG exports stagnate in July despite higher LNG price
The 'July rally' in gas prices was not able to be seized by American LNG producers as maintenance and a seasonally lower output kept export volumes virtually unchanged. According to preliminary data, U.S. liquefied gas exports fell to 10,48 million metric tonnes (MT) from 10,6 MT in the previous month.
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Ameresco wins new contracts worth $1.8 billion as demand for power remains high
Ameresco announced on Monday that it had added $1.8 billion to its backlog of projects in the second quarter. This is more than tripled from a year ago, amid a strong demand for programs promoting 'energy efficiency' and a reliance on renewable energy. According to the Energy Information Administration…
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As the standstill comes to an end, Rio Tinto does not rush to revive Glencore as it signals that no hurry is needed.
The freeze on Rio Tinto approaching Glencore to takeover ends this week. However, those who have been briefed on the situation by top executives do not expect any new tie-up discussions for now. CEO Simon Trott is focusing on cost cutting and asset sales. After he was appointed to the top position at Rio Tinto…
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Palm oil rises as rival crudes and oils are firmer
The price of Malaysian palm oil futures rose a little bit on Tuesday, boosted by higher prices for rival edible oils as well as crude oil. By midday, the benchmark 'palm oil contract' for?October delivery at the Bursa Derivatives Exchange had gained 37 ringgit (0.8%), to 4,666 Ringgit ($1,140.27).
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Morocco will build a $1.5 billion waste to energy plant in Casablanca
The consortium, led by Swiss-Japanese Kanadevia Inova, plans to begin constructing a $1.5billion waste-to energy plant in Casablanca before the year's end. Full operations are expected by mid-2030. The facility in Morocco's largest city is the second in Africa of its kind. It aims to reduce methane emissions…
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Goldman sees Brent at $80-$90 until US-Iran deal or major escalation
Goldman Sachs stated on Tuesday that it expects Brent crude oil to trade between $80-$90 a barrel until either a new nuclear…
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Dealers say that India's edible oils imports reached a 10-month high in July due to increased palm oil buying.
Five 'dealers' said that India's edible oils imports rose to the highest level in ten months in July, as refiners increased their?purchases?
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EPA grants Delek refinery relief for biofuels, but finds HF Sinclair petitions uneligible
Documents from the U.S. Environmental Protection Agency show that on Monday, they 'granted a Delek US Holdings refining facility…
Latest news
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Palmetto ends lower in second session due to output outlook and bullish demand
Malaysian palm futures fell on Monday for the second consecutive session as a result of a 'rising production' that was expected.
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Chevron CEO scolds Trump for demanding lower gas prices
On Monday, President Donald Trump called again on oil companies to lower the price of gasoline for U.S. customers. He criticized…
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The war-fueled oil rally is expected to boost shale profit to the highest level since 2022
?U.S. After the 'Iran war' sent crude prices soaring, analysts expect shale producers to report their highest quarterly?profits in 2022.
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Hungary's nuclear shutdown due to the low Danube is delayed until next week
Peter Magyar, the Prime Minister of Hungary, said that Hungary's paks nuclear power plant could continue to operate at its…
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Seoul: South Korea will begin importing Argentine crude oil in 2027
A senior official of the South Korean government said that South Korea will begin to import crude oil from Argentina in 2019.
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Mexico's Pemex posts Q2 net profits of $1.03 billion
According to a filing at the Mexican stock exchange, Mexican state energy firm?Pemex posted a net profit of $1.03 billion in its second quarter.
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As El Nino threatens, hydropower plants in the south of Brazil prepare for heavy rainfall
Generators are reviewing their plans to deal with large volumes of water. Scientists believe that a severe El Nino will occur in the next few months.
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EDF expects lower earnings for the full year due to the heatwave and low prices
EDF, the French state-owned utility, announced 'on Friday' that it expects its full-year EBITDA (earnings before interest…
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EDF reports 8.7% decline in first-half profit
EDF announced an 8.7% decline in its first-half net income on Friday. This was due to a'reduction in wholesale electricity prices…
Shale Oil & Gas
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BP sells Gelsenkirchen Refinery to BP as the overhaul continues
BP completed the sale of its Gelsenkirchen refining plant to Klesch Group. The oil major expects a?$1?billion reduction underlying…
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Seoul: South Korea will begin importing Argentine crude oil in 2027
A senior official of the South Korean government said that South Korea will begin to import crude oil from Argentina in 2019.
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Baker Hughes says US energy companies have added rigs six times in the last seven weeks.
Baker Hughes, a leading energy services company, said that U.S. firms added rigs this week for the sixth time in 7 weeks.
LNG
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US LNG Tanker Completes First Direct Sail to China Since Tariff Dispute
A vessel carrying U.S. liquefied natural gas has sailed directly from the U.S. to China for the first time since trade tensions…
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Argent LNG, Naftogaz to Explore US LNG Supply
Argent LNG and Ukraine's state energy company Naftogaz Group have signed a memorandum of understanding to explore long-term U.S.
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Australian Inpex Workers Set Industry Precedent With New Pay Deal
Workers at Inpex's Ichthys liquefied natural gas plant in Darwin have overwhelmingly backed a new pay deal that unions hope…
Renewables
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Palmetto falls due to weaker soyoil but still posts second monthly gain
Malaysian palm?futures closed down on Friday as soyoil weakness offset stronger exports. However, the contract still recorded its second monthly gain.
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As El Nino threatens, hydropower plants in the south of Brazil prepare for heavy rainfall
Generators are reviewing their plans to deal with large volumes of water. Scientists believe that a severe El Nino will occur in the next few months.
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EDF expects lower earnings for the full year due to the heatwave and low prices
EDF, the French state-owned utility, announced 'on Friday' that it expects its full-year EBITDA (earnings before interest…
