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Rice
China
Robust Chinese Demand Fuels Oil Market Recovery
Following last week's price rally, oil prices move higher on Monday morning, on bullish demand figures coming from China.
Oil&Gas Drilling
Oil Major Equinor Stops Drilling In U.S. Shale Patch
Norway's Equinor will not drill any more wells in the U.S. shale patch this year as it adjusts to a lower-for-longer oil price environment.
Oil Price
Putin Would Like To See Oil Prices Above $46 Per Barrel
It would be better for Russia if oil prices were higher than $46 a barrel, Russian President Vladimir Putin said on Thursday.
Coal Mine
Australian Coal Firms Trapped in Oversupplied Market
High fixed costs are forcing Australian thermal coal mining firms to maintain production, despite operating at a loss because of a severely oversupplied seaborn…
China
PetroChina Posts $4.4 Billion H1 Loss, Pledges Near-Zero Emissions by 2050
PetroChina Co pledged on Thursday to cut emissions to near zero by 2050, as it reported a plunge to a first-half net loss of 29.98 billion yuan on lower oil pri…
Coal-Fired Power Plants
Meralco Open to Buying Less Power From Coal Plants
This could mean that coal price risk will no longer be passed to end-users.
Coal Price
Asian Coal Prices Likely to Remain Depressed
Asian coal prices, which have fallen around 25% this year as power demand slumped due to the coronavirus outbreak, are unlikely to move higher before the end of…
How Tesla's Colossal Battery MEGA PACK Will Power the Future !
Tesla has hit record highs hitting $1800 in share price just recently after the Q2 financial results were released.
Solar Power Plant
Indian Solar Projects Hit as Chinese Solar Module Prices Rise for the First Time Since 2017
Prices of Chinese solar modules have increased for the first time since 2017, making Indian developers apprehensive about returns on their projects because they…
Coal Trade
EU Coal Imports Continue to Fall in June
Net EU-27 thermal coal imports fell on the year for a 16th consecutive month in June amid weak consumption and prices in the Atlantic.
Russian Federation
Gazprom Neft profit slumps 80% in Q2
Russia's Gazprom Neft, the oil business of state gas company Gazprom, said weak oil prices had driven a near 80% slump in second-quarter net profit to 22 billio…
Market Analysis
Origin Braces for Tougher Year as Virus Hammers Energy Markets
Australian power giant Origin Energy is bracing for a tougher-than-expected year ahead as lower wholesale electricity prices erode profits and the oil price cra…
Coal Production
Indonesian Coal Glut Looms as Output Surpasses Sales
An imbalance between Indonesian coal output and sales during January-July has raised the prospect of a supply glut.
Oil & Gas Trade
OPEC+ Seeks to Defend Oil-Market Gains as Demand Outlook Darkens
OPEC and its allies have achieved the oil-market equivalent of a high-wire act: increasing supply even as demand remains depleted, without crashing prices.
LNG
Low Gas Prices Could Derail Papua New Guinea’s LNG Ambitions
Papua New Guinea first started producing liquefied natural gas in April 2014 when the flagship $19bn PNG LNG project came on-line months ahead of schedule.
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