Rice

Thermal Plant

Brazil Lowers Thermal Power Price Cap

The Brazilian power sector monitoring committee has lowered the price cap for generation to R600/MWh effective immediately.

Crude Oil

China’s November Base Oil Imports Rise

China's base oil imports rose in November, supported by increased demand for replenishment cargoes at lower prices.

Crude Oil

Ice Brent Crude at $90/bl

Front-month Ice Brent crude futures prices topped $90/bl today for the first time since October 2014.

Crude Oil

U.S. Releases Another 13.4 Million Barrels From SPR

The U.S. administration has approved the release of another 13.4 million barrels of crude from the strategic petroleum reserve in a move first announced last No…

Oil Price

Japan to Subsidize Oil Wholesalers for 1st Time to Curb Fuel Price

Japan's industry minister Koichi Hagiuda said Tuesday the government will implement for the first time its oil industry subsidy program, which is aimed at curbi…

Crude Oil

OPEC’s Shrinking Capacity Could Send Oil Above $100

The oil market is quickly realizing that many OPEC producers may not have the capacity to boost output much further.

Natural Gas

China Is Reselling LNG Cargoes, Driving Gas Prices Lower

Major Chinese LNG importers are now offering to resell some cargoes on the spot market this year, suggesting that China has stocked up more than enough to see i…

Energy Security

Moldova Declares State of Emergency in Energy Sector

The Moldovan parliament approved a measure by prime minister Natalia Gavrilita to declare a state of emergency in the energy sector for 60 days to ensure uninte…

Together Energy Becomes the First Supplier to Collapse in 2022

The collapse leaves around 176,000 domestic customers behind

Solar Power Panel

Longi Unexpectedly Raises PV Wafer Prices

Furthermore, Tongwei secured 104,800,000 wafers from Shuangliang and PV module manufacturer Yingli said its capacity has reached 8GW.

Crude Oil

Goldman Sachs Sees $105 Oil In 2023

Oil prices could hit $100 this year and rise to $105 per barrel in 2023, on the back of a “surprisingly large deficit” on the oil market now due to the much m…

United Kingdom

UK Power Prices Rise To One Month-High On Low Wind Generation

UK peak-hour power prices for Monday evening through 6 p.m. surged to the highest level in a month due to low wind power generation during the weekend.

EV Market

Soaring Lithium Prices Become Major Headache For EV Makers

With lithium prices already trading at a record high in Asia, there is no sign that the rally in this much-sought-after commodity will come to an end this year

Oil Price

Opec+ Quota Gap Widens

Opec+ crude production increased last month but fell short of the 400,000 b/d agreed rise in quotas, as several members struggled to keep pace.

Thermal Coal

Tightness Limits North American Met Coal Exports

Supply setbacks weighed on US and Canadian coking coal exports in November, while historically high prices throughout October and early November gave mining fir…