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In November, China's fossil fuelled power generation fell 4.2% on an annual basis.
Statistics Bureau data released on Monday showed that China's fossil fuelled power generation dropped 4.2% in November compared to last year. This reversed a 7.3% increase in October, when the power?generation reached its highest level in decades. This means that China's fossil fuelled…
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DL Chemical plans to shut down Yeochun NCC No. 1 plant under restructuring
DL Chemical, a South Korean petrochemical firm, announced on?Monday the closure of?Yeochun NCC Co.'s No. According to an emailed announcement, the No. 1 plant with a capacity of 900,000.000 metric tonnes should be closed as part of a restructuring plan. Yeochun NCC Co, the third largest ethylene producer in Korea…
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Kazakhstan to see arbitration decision on Karachaganak by year's end
Yerlan Aktenzhenov, Kazakhstan's Energy Minister, said on Monday that a decision in the arbitration?case involving a consortium of international companies developing the Karachaganak -oil -and -gas condensate?field?would be expected by year's end. Akkenzhenov told reporters in Astana…
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Solarig, a Spanish company, invests over $400 Million in Poland in biomethane facilities
Solarig, a Spanish renewable developer, announced on Monday that it would invest more than 1.5 billion zlotys ($415 millions) in Poland to build and operate 20 biomethane plant over the next five-year period. Solarig's Biorig subsidiary, which also develops similar portfolios in Spain and Italy, will deploy the investment.
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French spot increases on weakened wind supply
The French spot electricity price on Tuesday increased as the wind generation output was expected to decline while demand was expected to increase due cooler temperatures. The French day-ahead 'baseload power' price at 0912 GMT was 89 euros ($104.42), up 20.4% on the Friday closing price for Monday delivery.
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Prices for gas in Europe are little changed, as the cooler weather increases demand
Dutch and British gas traded in a narrow band on Monday morning after rising the previous two sessions. Cooler weather supported higher gas demand…
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Palm oil prices drop on Dalian weakness and stronger Ringgit
Malaysian palm-oil futures closed lower on Monday due to a weaker Dalian edible oil and a stronger Ringgit. The benchmark…
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Source: Crypto exchange Hashkey raises $206 million in Hong Kong IPO
HashKey Holdings is Hong Kong's biggest licensed crypto exchange and will?raise approximately HK$1.6billion ($206m) after…
Latest news
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Palm recoups losses early, but stronger ringgit caps advances
The market recovered early losses in Malaysian palm oil on Monday. This was in line with the recovery of Dalian palm oil futures.
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China's crude oil imports in November rose 3.9% due to new import quotas
China's crude throughput increased 3.9% in November according to?data from the statistics bureau on Monday. This was due…
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Tokyo Gas CEO: More than half of investments in overseas markets will be directed to the US within 3 years.
Tokyo Gas, Japan’s largest city gas provider, will direct more than half the 350 billion yen ($2.3billion) it has set aside…
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Sources say that the Trump administration is unlikely to finalize biofuel quotas for 2026 this year.
Three sources familiar with the matter say that the Trump administration will not finalize the 2026 biofuel blending quotas by the end of the year.
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Nigeria grants permits for gas-flaring projects, aiming at $2 billion investment and a 3 GW potential
Nigeria has granted permits to 28 companies as part of a program that aims at ending routine gas flaring in order to reduce…
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EUROPE GAS-European gas prices increase in the afternoon on cooler weather forecast
The Dutch and British gas price rose on Friday after-noon on the expectation of higher demand. Data compiled by LSEG revealed…
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Palm oil losses on stronger ringgit and rival weakness; palm oil ends the week down 3%
Malaysian palm oils futures dropped on Friday due to a stronger ringgit and the weakness of rival Dalian edible oil. This…
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EUROPE GAS - European prices are flat, but cooler temperatures support them
The Dutch and British gas price were not much different on Friday. This was due to the expectation of increased demand as…
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Palm drops due to ringgit strength and is on track for a weekly loss
Malaysian palm futures fell on Friday due to a stronger ringgit, as well as the weakness of rival Dalian edible oil. They…
Shale Oil & Gas
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Nigeria grants permits for gas-flaring projects, aiming at $2 billion investment and a 3 GW potential
Nigeria has granted permits to 28 companies as part of a program that aims at ending routine gas flaring in order to reduce…
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EUROPE GAS-European gas prices increase in the afternoon on cooler weather forecast
The Dutch and British gas price rose on Friday after-noon on the expectation of higher demand. Data compiled by LSEG revealed…
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Russia's monthly oil revenue is set to reach its lowest level since August 2020
Calculations showed that the Russian state's oil and gas revenues in December are likely to drop by almost half from a year ago…
LNG
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US LNG Exports Hit Record High in November on Cooler Weather
U.S. liquefied natural gas exports hit an all-time monthly high in November for the second straight month, driven by cooler…
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Saudi Aramco to Sign US LNG Supply Agreements
Saudi Aramco is set to sign two U.S. liquefied natural gas supply deals with Woodside Energy and Commonwealth LNG when Saudi Arabia's…
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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…
Renewables
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Palm oil losses on stronger ringgit and rival weakness; palm oil ends the week down 3%
Malaysian palm oils futures dropped on Friday due to a stronger ringgit and the weakness of rival Dalian edible oil. This…
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EUROPE GAS - European prices are flat, but cooler temperatures support them
The Dutch and British gas price were not much different on Friday. This was due to the expectation of increased demand as…
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Australia announces rescue bid for Rio Tinto Tomago Aluminium Smelter
The Prime Minister Anthony Albanese, announced on Friday that a "rescue" effort would be launched to keep Australia's biggest aluminium smelter open…