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China's refined oil exports to Australia in May rose from April despite restrictions
China's gasoline, diesel, and?jet-fuel exports to major destinations in Southeast Asia and South Asia increased from April, but they were still a significant amount less than one year earlier because of?export restrictions imposed due to the Iran War to protect domestic supply. Customs…
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Marty Fridson: The case for diversifying over time.
A prudent investor wouldn't build a portfolio based on a single stock. What about a "single-time frame"? Diversification has become a part of every investor's toolkit to manage risk. Owning a portfolio rather than a single stock reduces your risk of suffering a catastrophic loss.
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EUROPE GAS-European gas prices rise on warmer weather
Dutch and British gas contract prices firmed up on Monday, as warmer weather is expected in Central Europe. This will increase demand for gas. Ship tracking also showed that gas tankers are trying to cross the 'Strait of Hormuz' during the peace talks between the U.S. ICE data revealed…
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Palm oil continues to gain on rival oil, ringgit weakens
The ringgit was weaker and Dalian edible oils were stronger. At closing, the benchmark palm oil contract on Bursa Malaysia's Derivatives exchange for September delivery rose 25 ringgit (0.54%) to 4,671 Ringgit ($1,126.63). The contract reached 4,703 ringgit at the beginning of the session.
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Norway Oil Service Firms Threaten Lockout to End Strike
Offshore Norway announced on Monday that it would lock out the Safe Labour?union?oil service employees?from 27th June?in response to a strike going on over wages. In a press release, the group representing oil service companies stated that the lockout would impact 1,272 members of Safe out of the roughly 1,770 covered under the wage agreement.
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Solar Manufacturing Group seeks US Trade Probe of Korea Cell Imports
According to a petition seen, three solar panel manufacturers urged U.S. officials to investigate imports of cells from South Korea…
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US plans to reduce costs for energy drilling on federal land
On Monday, the Trump administration proposed looser regulations?for oil-and-gas drilling operations on federal lands. This…
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Azule Energy approves $5.1 billion offshore Angola project
Azule Energy - a 'joint venture' between BP, Eni and?Their partners - has approved the $5.1 Billion Greater PAJ offshore oil projects in Angola.
Latest news
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Eastern and Central European countries call on EU to strengthen carbon fund for the poorer members
A letter obtained by? showed that Eastern and Central European countries, including Poland, Bulgaria and Romania, have asked…
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Microsoft signss power supply agreement with Chevron for Texas data center
Chevron announced on Monday that it had signed an agreement with Microsoft to build a facility in West Texas to provide natural…
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Peso softens in Colombia as a right-wing lawyer is set to become the next president
Colombian stocks rose sharply on Monday, after the right-wing lawyer Abelardo De La Espriella narrowly won the Sunday presidential election.
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Authorities say 54 injured and 18 missing following explosion at Qatar LNG site
Authorities said that 54 people were injured, and 18 others were missing following an explosion on Sunday at Qatar's main…
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Colombian assets will add to recent gains, as a right-wing attorney is poised to become the next president
The Colombian peso is expected to rise on Monday, and local stocks are likely to continue their gains from Friday as right…
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Petrobras will resume construction at Tres Lagoas Fertilizer Plant by September
Petrobras, the state-owned 'oil' company in Brazil, plans to restart construction of a fertilizer plant in Mato Grosso do Sul by September.
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Baker Hughes says US energy companies have added rigs eight times in nine weeks.
Baker Hughes, a widely followed energy services company, said Thursday that U.S. firms added rigs this week for the eighth time in nine weeks.
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EU Commission clarifies that all Russian LNG trading is banned for EU operators from 2027, as shown in a letter
According to a letter that was seen on Thursday, EU-based firms will be prohibited from selling Russian Liquefied Natural…
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Repsol, the Spanish energy company, is expanding into a new oilfield in Venezuela
Repsol wants to expand its portfolio in Venezuela, adding the Horcon oilfield, said the 'Spanish' energy producer on Thursday.
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Germany is in discussions to extend the oil reserve exemption, Economy Ministry says
A spokesperson for the German economy ministry said that it is evaluating whether to extend partial release of its oil reserves past this summer.
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EU Crafts plan to give extra free CO2 allowances this year, say diplomats
According to EU diplomats and draft conclusions for the EU leaders summit, the European Union will grant additional 'free…
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Minister says Indonesia is on track to launch B50 Biodiesel Programme on July 1.
Energy Minister Bahlil lahadalia said on Thursday that Indonesia was on track to launch the?B50 mandate, which blends 50%…
Shale Oil & Gas
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Baker Hughes says US energy companies have added rigs eight times in nine weeks.
Baker Hughes, a widely followed energy services company, said Thursday that U.S. firms added rigs this week for the eighth time in nine weeks.
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EU Commission clarifies that all Russian LNG trading is banned for EU operators from 2027, as shown in a letter
According to a letter that was seen on Thursday, EU-based firms will be prohibited from selling Russian Liquefied Natural…
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Repsol, the Spanish energy company, is expanding into a new oilfield in Venezuela
Repsol wants to expand its portfolio in Venezuela, adding the Horcon oilfield, said the 'Spanish' energy producer on Thursday.
LNG
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QatarEnergy Plans to Restart LNG Output
QatarEnergy is ready to resume liquefied natural gas production at its Ras Laffan LNG plant very quickly and could reach…
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Sempra Begins LNG Production at Mexican Site
Sempra Infrastructure, a subsidiary of U.S. electric and gas utility Sempra, said its ECA LNG Phase 1 project has begun producing…
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TotalEnergies Remains Silent as Russia Approves Sale of Arctic LNG 2 Stake
Russian President Vladimir Putin has approved the sale of a 10% stake in the sanctioned Arctic LNG 2 project held by France's…
Renewables
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EU Crafts plan to give extra free CO2 allowances this year, say diplomats
According to EU diplomats and draft conclusions for the EU leaders summit, the European Union will grant additional 'free…
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India's thermal power imports fall to a four-year low as the green energy sector rises
India's thermal coke imports dropped to a four-year low between January and May?due mainly to higher domestic production…
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Minister says Indonesia is on track to launch B50 Biodiesel Programme on July 1.
Energy Minister Bahlil lahadalia said on Thursday that Indonesia was on track to launch the?B50 mandate, which blends 50%…
