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Spot prices rise on lower wind output
The European power prices for the day ahead of Friday increased on Thursday, as it is expected that a decline in wind power supply will have a "bullish" effect. LSEG analyst Xiulan he said that the signal for Germany is bullish based on a significant fall in wind supply. Imports are expected to continue throughout the day.
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Bousso: ROI-Permian will retain US oil crown after peaking even though it has reached its peak
The Permian Basin is set to reach its peak oil production in December. This will be a turning point for the U.S. Shale Boom that has reshaped the global energy markets over the last 15 years. But drilling innovations will ensure that the output of America's most prolific patch of oil will remain stable for many years.
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Sembcorp, the Singaporean energy giant, has taken over Alinta Energy for $4.3 billion.
Sembcorp Industries announced on Thursday that its unit would?acquire?Alinta Energy at a cost of A$6.5 billion (4.32 billion dollars), making it one of the biggest overseas expansions in the history for the Singaporean firm. Alinta Energy was acquired by Chow Tai Fook Enterprises.
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Oil Prices Fall as Focus Shifts to Ukraine Peace Talks
Oil prices fell more than $1 on Thursday as investors shifted focus back to Russia-Ukraine peace talks and monitored potential fallout from a U.S. seizure of a sanctioned oil tanker off the coast of Venezuela.Brent crude futures were down $1.1, or 1.8%, at $61.11 a barrel at 1408 GMT, hovering near the lowest since Oct. 21.U.S.
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Gascade Converts Pipelines for Alternative Marine Fuels
German gas grid operator Gascade on Thursday said it has converted a 400 km (249 miles) high-pressure pipeline to transport low-carbon hydrogen southwards from the Baltic Sea as part of a European core network to ship alternatives to fossil fuel.New hydrogen pipelines, or conversions of existing ones…
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Italy awards solar power in the first "Not made in China" auction
In its first auction, Italy allocated more than 1.1 gigawatts to 88 solar projects that were built without any equipment made in China.
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FTSE 100 gains following Fed's softer tones; eye on GDP data
London's index of FTSE 100 rose on Thursday after the Federal Reserve softened its tone regarding the direction of monetary policy.
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Senegal retracts minister's comments on nationalisation of gas fields as the end of licence nears
The Senegal energy ministry retracted its previous statement on Thursday that it intended to nationalise Yakaar Teranga, a U.S.-owned gas field.
Latest news
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Suncor trims budget and projects increased oil and gas production in 2026
Suncor Energy forecast lower spending for 2026, despite increased oil and gas production. The company will tighten?costs…
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OPEC data show that Russian oil production increased in November.
OPEC data on Thursday showed that Russian oil production increased in November by 10,000 barrels per day, up from October.
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Palm oil vegoils a little higher than Dalian soyoil
Malaysian palm futures rose slightly on Thursday after losing ground the previous session, following the movement of soyoil…
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State researcher: China's oil demand will plateau in 2030.
A research group affiliated with the state 'oil'major CNPC announced on Thursday that China's oil consumption will?plateau?
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Palm catches up with Dalian rivals, strengthening ringgit caps the advance
The Dalian Commodity Exchange's strength in edible oils rivals helped to support the palm oil futures on Thursday. However…
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BP and Chevron top the list of bidders in Trump's first Gulf of Mexico Oil and Gas auction
BP, Chevron, and Shell were the top bidders at the first U.S. Government sale of oil and natural gas drilling rights for…
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EUROPE GAS-European prices extend decline as milder weather softens demand
The benchmark contract for Dutch and British gas fell a further 19 months on Wednesday afternoon as the?updated temperature?forecasts…
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VCI Germany expects the chemical industry to stagnate by 2026
VCI, the German chemicals lobby group, expects sales and orders to stagnate in 2019. This is due to high regulatory uncertainty…
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US auctions first Gulf of Mexico Oil and Gas since 2023
On Wednesday, the Trump administration will conduct the first government sale of oil-and-gas drilling rights in Gulf of Mexico?since 2023.
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China's giant polysilicon companies set up an acquisition firm to combat oversupply
Local media reported that Chinese polysilicon manufacturers have established an acquisition?company in order to help restructure…
Shale Oil & Gas
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Bousso: ROI-Permian will retain US oil crown after peaking even though it has reached its peak
The Permian Basin is set to reach its peak oil production in December. This will be a turning point for the U.S. Shale Boom…
-
BP and Chevron top the list of bidders in Trump's first Gulf of Mexico Oil and Gas auction
BP, Chevron, and Shell were the top bidders at the first U.S. Government sale of oil and natural gas drilling rights for…
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VCI Germany expects the chemical industry to stagnate by 2026
VCI, the German chemicals lobby group, expects sales and orders to stagnate in 2019. This is due to high regulatory uncertainty…
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 catches up with Dalian rivals, strengthening ringgit caps the advance
The Dalian Commodity Exchange's strength in edible oils rivals helped to support the palm oil futures on Thursday. However…
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EUROPE GAS-European prices extend decline as milder weather softens demand
The benchmark contract for Dutch and British gas fell a further 19 months on Wednesday afternoon as the?updated temperature?forecasts…
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Malaysian palm oil production tops 20 million tons in first time.
The industry regulator said that Malaysian palm oil production will surpass 20 million metric tons for the first year, thanks…