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VEGOILS-Palm slips tracking weaker soyoil prices
Malaysian palm futures fell on Thursday as a result of lower soyoil costs, and also because trade talks between China and the United States were likely to be in focus. At the midday break, the benchmark palm oil contract on Bursa Derivatives exchange for delivery in November fell 26 ringgit (or 0.58%) to 4,462 Ringgit ($1,061.12) per metric ton.
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Mitsubishi abandons offshore wind farms in Japan
A senior official in the industry ministry said that Japan wants to re-auction as many offshore wind sites as possible as soon as they can, subject to local community consent. The trading house Mitsubishi Corp announced on Wednesday that it would no longer build wind farms in the prefectures of Akita and Chiba due to rising costs.
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The FCA of the UK is investigating energy company Drax for its disclosures about biomass sources
The UK's financial watchdog has launched an investigation into Drax Group's disclosures about the biomass it sources, following a previous investigation conducted by the energy regulator of the country. This sent its shares plummeting more than 12% in Thursday's trading. Ofgem fined…
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VEGOILS-Palm falls tracking weaker soyoil prices
Malaysian palm futures declined on Thursday due to weaker soyoil and possible trade talks between China and the United States. At the close, the benchmark palm oil contract on Bursa Derivatives Exchange for November delivery fell 40 ringgit or 0.89% to 4,448 Ringgit ($1,057.79). The contract increased by 0.4% during the previous session.
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EDF will make 6 GW hydropower available as part of a French agreement with EU
The Prime Minister's Office announced on Thursday that EDF, the French state-owned utility, will offer 6 gigawatts in hydroelectric power to third parties as part of an agreement with the European Commission. The office of Prime Minister Francois bayrou said that this virtual capacity…
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Indian automakers claim ethanol fuel is safe but reduces mileage, as motorists complain
India's new fuel blend with 20% ethanol is expected to reduce vehicle mileage by 2-4%, but it's safe, according to a lobby…
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The impact of rising renewable supply on spot prices
On Monday, the price of baseload electricity is expected to fall in Germany due to an increase in wind and solar energy generation.
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Palm poised to snap a three-week advantage over weaker rival oils
The market was weighed down by the weakness of rival edible oils, and traders were closing their positions before the long weekend.
Latest news
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Palm prices rise on US tariff relief for Indonesia; slow demand limits gains
Malaysian palm futures rose on Wednesday after recovering from a two-day decline, supported by the news that U.S. exempted…
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CNOOC's first-half profits fall 13% due to lower oil prices
CNOOC, the Chinese offshore oil-and-gas major, reported a 13% drop in its interim net income as lower oil prices countered…
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French spot on wind power growing
In Germany, prices will rise as the wind and solar supplies are expected to fall. French baseload for the day ahead fell by 24.9%…
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Vietnam will switch to fuel blended with ethanol to increase U.S. exports
Vietnam plans to switch to ethanol-blended fuel from next year. This will allow the Southeast Asian nation to import corn…
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Slow demand limits palm gains from US tariff exemptions for Indonesia
Malaysian palm futures rose Wednesday, recovering after a two day drop. Supported by the news that U.S. exempted Indonesian…
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China's industrial profit continues to decline due to deflation and demand woes
China's industrial profit fell for the third consecutive month in August, as businesses struggled to cope with a subdued…
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Mitsubishi is considering abandoning offshore wind energy projects in Japan
Mitsubishi Corp announced on Wednesday that it is considering withdrawing from 3 Japanese offshore wind projects. Three wind…
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Brazil's beef-tallow demand is increasing as US tariffs are hitting exports
Industry sources say that the use of beef-tallow in biodiesel in Brazil will increase due to a projected rise in domestic sales…
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China's solar industry is suffering from a massive loss due to falling prices
Analysts say that restructuring the industry in order to reduce oversupply can help it return to profitability. Longi Green Energy…
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After staff cuts, US Energy Data Agency delays reports on uranium and international outlook
Energy Statistics, the U.S. Government's arm that collects and analyzes data about energy, has seen its staff reduced this year.
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After staff cuts, US Energy Data Agency delays reports on uranium and international outlook
Energy Statistics, the U.S. Government's arm that collects and analyzes data about energy, has seen its staff reduced this year.
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After staff cuts, US Energy Data Agency delays reports on uranium and international outlook
Energy Statistics, the U.S. Government's arm that collects and analyzes data about energy, has seen its staff reduced this year.
Solar
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The major South Korean petrochemical companies and their production
The South Korean government announced on Wednesday a plan for 10 petrochemical firms to restructure operations. This included…
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China urges solar industry to reduce overcapacity
The Chinese industry ministry announced on Tuesday that it had held its second meeting in two months with representatives of the solar industry.
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USDA Ends Programs for Solar, Wind Projects on Farms
In a Monday post on X, Agriculture Secretary Brooke Rollins announced that the U.S. Department of Agriculture would no longer…
