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Pacific Energy reports that Middle East buyers are interested in LNG cargoes coming from Canada.
The president of Woodfibre's LNG project in Canada said that buyers in the Middle East were looking for liquefied gas from Canada to hedge against geopolitical turmoil. Ratnesh Bedi is the president of Singapore's?Pacific?Energy, which holds a 70% stake on Canada’s Pacific Coast, near Squamish in B.C.
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Iran claims that a deal to open the Strait of Hormuz will be close, but not by itself
Iran announced on Saturday that it was nearing a deal to control the Strait of Hormuz with Oman, but this would not be sufficient to open the waterway. The United Arab Emirates confirmed on Sunday that Iran had struck another vessel in the area. An unidentified U.S. official said…
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VEGOILS - Palm oil firms brace the market for MPOB stocks, output data
Malaysian palm oil futures continued to rise on Monday as they tracked the strength of rival oils traded on Dalian and Chicago exchanges. Traders are now awaiting the monthly supply-and-demand report from Malaysian Palm Oil Board for more information on stocks and production trends.
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India is considering limiting the use of cane to produce ethanol in order to control the record-high market for sugar
Two government sources and two industry insiders said that India may restrict the amount of sugarcane used to produce ethanol during the season starting October in order to increase sugar production and to try and calm record prices. Sources declined to name themselves because they were not able to reveal the details of the discussions.
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CORRECTED - BP sells 20% stake in Manakin Gas Field to Trinidad's NGC
BP 'has agreed to sell a 20% stake in a block containing the Trinidad portion in the Cocuina Manakin natural-gas field across the border to the state-owned National Gas Company of Trinidad, the company announced on Monday via email. BP reported that BP and NGC had signed the agreement on?Monday.
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Iran will restore 95 mcm/day gas production by the end of September
The oil ministry announced a Tuesday that Iran would restore 95 mcm per day in 'gas production capacity, as it repairs the…
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Malaysia's SD Guthrie sees El Nino impacting 2027-28 palm oil output
Malaysia's SD Guthrie, one of the largest palm oil producers in the world, stated on Tuesday that they expect production to be affected by El Nino…
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Malaysian palm oil prices rise as the market takes into account El Nino's impact on production
The price of Malaysian palm oil futures increased for the second consecutive session on Tuesday, as traders analyzed the…
Latest news
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CNOOC completes phase I of Bohai Sea’s first 100-bcm Gas Field
State-owned media reported that China's major oil and natural gas company CNOOC announced a full production start of its…
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BP sells 20% stake in Manakin Gas Field to Trinidad's NGC
BP announced on Monday that it had agreed to sell a 20 percent stake to the state-owned National Gas Company of Trinidad…
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Sources say that Glencore's exposure in Radiant World is more than $500 Million.
Radiant World is a company that Glencore, the London-listed miner and trader, has stopped doing business with. The exposure…
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Reopening of the Hormuz port by Iran in exchange for US concessions
The Strait of Hormuz is about to be reopened. However, the U.S. must meet certain conditions before it can do so, such as compensation…
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Palm oil closes highest in four-month tracking rival oils
Malaysian palm oil futures closed Monday at their highest level for more than four months, supported by the strength of rival…
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ConocoPhillips' new CEO inherits $7 Billion cash flow pledge on Alaska oil project
Analysts and investors have said that Andy 'O'Brien, the long-time CEO of ConocoPhillips, will be succeeded by Ryan Lance in the next month.
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ADNOC Gas profits fall 52%, but still beat company's guidance
ADNOC Gas announced a 52% drop in its second-quarter profits?on?Monday. The company, owned by the Abu Dhabi government, saw…
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Iran claims that the Oman deal has reached its final stages, but US must take action to open Hormuz
Iran announced on Sunday that it was nearing the final stages of a deal to define new?shipping routes in the Strait of Hormuz.
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Bangladesh textile sector reconsiders energy sources after gas crisis
Bangladesh exports around 80% and generates 13% of GDP through its textile industry. Gas is used heavily in the wet processing of clothes…
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India increases domestic green ammonia supply to the fertiliser sector
The Solar Energy Corporation of India, owned by the Indian government, is looking to provide an additional 1,000,000 metric…
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Palmettos slips but still logs weekly gains
Malaysian palm futures closed lower on Friday as a result of sluggish export demand and expectations that stockpiles would increase.
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The rising price of diesel and supply shortage has caused Southeast Asian palm harvesting to be disrupted.
The?harvesting of palm oil on Southeast Asia's Borneo and Sumatra islands is being disrupted by rising fuel prices and shortages in supply.
Shale Oil & Gas
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Iran claims that the Oman deal has reached its final stages, but US must take action to open Hormuz
Iran announced on Sunday that it was nearing the final stages of a deal to define new?shipping routes in the Strait of Hormuz.
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Bangladesh textile sector reconsiders energy sources after gas crisis
Bangladesh exports around 80% and generates 13% of GDP through its textile industry. Gas is used heavily in the wet processing of clothes…
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Pacific Energy reports that Middle East buyers are interested in LNG cargoes coming from Canada.
The president of Woodfibre's LNG project in Canada said that buyers in the Middle East were looking for liquefied gas from…
LNG
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Egypt Looks to Sign Multi-Year LNG Supply Deal
Egypt is in talks with energy majors including Shell, TotalEnergies and BP to buy 15 to 18 cargoes of liquefied natural gas…
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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.
Renewables
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India fuel retailers claim E20 meets quality standards
According to a statement, India's state run fuel retailers stated that a nationwide test of e20 petrol did not support claims…
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India increases domestic green ammonia supply to the fertiliser sector
The Solar Energy Corporation of India, owned by the Indian government, is looking to provide an additional 1,000,000 metric…
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Palmettos slips but still logs weekly gains
Malaysian palm futures closed lower on Friday as a result of sluggish export demand and expectations that stockpiles would increase.
