Rice

Sweden

Vattenfall Records Q3 Fall in Wind Profits

Swedish energy company cites lower availability of offshore wind power and lower electricity prices.

Oil Price

Global Oil Prices to Recover in 2021, Reaching $44 pb: World Bank

In its semi-annual commodity markets outlook report, which focused on the impacts of the COVID-19 pandemic on such markets, the WB said that oil prices are expe…

Electric Vehicle Battery

LG Chem to Produce New EV Batteries for Tesla

LG Chem's share price gained 3.57 percent on Oct. 22 when Tesla announced earnings which exceeded market expectations.

Oil Price

Oil Prices Rebound On Small Crude Draw

Crude oil prices rose today after the Energy Information Administration reported a crude oil inventory decline of 1 million barrels for the week to October 16.

LNG

The World’s Largest Oil Trader Just Sent LNG Prices Soaring

Three trades for liquefied natural gas cargoes executed by commodity trading major Vitol made the company the talk of the LNG town as it pushed the Asian region…

Oil Price

Iraq Sees Oil Prices Recovering In Q2 2021

Currently, the OPEC+ production cuts are delaying oil projects in Iraq.

Energy Investment

MENA Gas Investments Surge to $126bln

Apicorp’s optimism is based on the ongoing downstream value chain integration.

Oil Price

ConocoPhillips Becomes First Major U.S. Oil Firm To Pledge Emission Cuts

Unlike European oil majors – who have rushed to pledge various commitments to become net-zero energy companies – U.S. companies, including Exxon and Chevron, …

Oil Price

OPEC+ Will Ensure Oil Prices do not Plunge Again, Says OPEC Chief

The OPEC+ alliance will ensure oil prices do not plunge steeply again when it meets to set policy at the end of November, OPEC's Secretary General said on Thurs…

Oil Field

Petronas Considers Exiting Gharraf Oil Field in Iraq

The collapse in oil prices this year has prompted Malaysia's state-owned Petronas to consider exiting the Gharraf oil field in southern Iraq, chief executive Te…

Oil Field

Tulip Oil Halves Gas Production from North Sea Field

Dutch exploration and production operator Tulip Oil halved its gas production from the Q10-A field in the Dutch North Sea during the third quarter of the year w…

LNG

Bangladesh to Increase Spot LNG Imports Because of Rising Demand

Bangladesh is expected to double its imports of liquefied natural gas from the spot market starting in December as demand rises and to capitalise on low prices …

Oil Price

Sudan: Govt To End Fuel Subsidy

The government is preparing for the removal of fuel subsidy, informed the Sudanese Minister of Energy and Mining.

Oil Price

Morgan Stanley Sees Oil Prices Struggling To Break Above $50

Oil prices will struggle to rise above $50 a barrel because of the technological shift in U.S. shale that has unlocked more production in recent years, and beca…

Oil Price

Oil Refining Companies Hit by Triple Whammy

South Korean oil refining companies face a triple whammy.