Energy
LATEST NEWS FROM ENERGY
Energy
Southeast Asian palm harvesting disrupted by rising cost of diesel, supply crunch
Palm oil harvests on Southeast Asia's islands of Borneo and Sumatra are being disrupted as rising prices of fuel and supply shortages force smallholders to cut back on fruit colle...
Energy
ADNOC L&S expands fleet with $1.3 billion acquisition of 11 vessels
ADNOC Logistics & Services (ADNOC L&S) , a unit of Abu Dhabi's state oil giant ADNOC, said on Friday that it has acquired five Very Large Gas Carriers (VLGCs) and six Very Large ...
Energy
Kurdistan-focused Genel Energy rejects takeover bid from Norway's DNO
Kurdistan-focused Genel Energy has rejected Norwegian oil firm DNO's £202 million ($271.8 million) takeover bid, it said on Friday, as it fundamentally undervalued the London-liste...
Energy
Vessel traffic through Hormuz dwindles this week as markets watch Iran-Oman talks
Shipping traffic through the Strait of Hormuz has dwindled to 33 vessels from Monday to Thursday this week, data showed, versus 50 in the week-ago period, as markets watched talks...
Energy
Traders ship refined fuels to Russia from South Korea in late July, data shows
Traders shipped nearly 30,000 metric tons of refined fuels loading in late July to Russia from South Korea, data from shiptrackers and a trade source showed, as Ukrainian attacks ...
Energy
Release of Sembcorp renewable power story
Reuters inadvertently issued a story headlined "Singapore's Sembcorp receives approval for 300 MW renewable power import project with Malaysia" at 10:45 a.m. (0245 GMT), f...
Energy
Oil rises on concerns over Strait of Hormuz reopening plans
Oil extended gains on Friday amid further concerns around the opening of the Strait of Hormuz as Iran, working with Oman, suggested banning vessels deemed hostile from the strait ...
Energy
Petrobras' net profit nearly doubles in the second quarter
Brazilian state-run oil firm Petrobras posted on Thursday a 96.8% jump in its second-quarter net profit from a year earlier.
Energy
Consolidated Edison beats profit estimates on strong power demand
New York-based utility Consolidated Edison beat analysts' estimates for second-quarter profit on Thursday, helped by robust demand for power.
Energy
Occidental sees flat spending, output in 2027, keeps focus on debt reduction
U.S. oil producer Occidental Petroleum said on Thursday it expects flat production and capital spending in 2027, adding that it would continue to prioritize debt-reduction efforts...
Energy
Iraq's KRG says Dana Gas, Crescent Petroleum breached contract over Khor Mor gas supplies
Iraq's Kurdistan Regional Government (KRG) said on Thursday that Dana Gas and Crescent Petroleum had breached their contractual obligations by starting natural gas supplies from ...
Energy
ConocoPhillips says any Qatar LNG project delays likely limited to months
ConocoPhillips said on Thursday that any delay to its Qatar LNG project would likely be in months rather than a year or more and it does not expect any impact on free cash flow.
Energy
US is set to import most Middle East crude since Iran war began
U.S. imports of Middle Eastern crude are set to hit about 600,000 barrels per day in August, the highest since the Iran war began, as a brief opening of the Strait of Hormuz and ...
Energy
Poland's Orlen second-quarter core profit tops estimates as downstream margins widen
Poland's largest energy group Orlen posted a second-quarter adjusted core profit that beat analyst expectations on Thursday, as wider refining and petrochemical margins lifted its...
Energy
Russia's oil output rises in July on firm exports, refinery run recovery, sources say
Russia slightly increased crude and condensate output in July from June by around 100,000 barrels per day (bpd) to above 9 million bpd, supported by strong oil exports and a recov...
Energy
India's July fuel consumption rises 3% to four-month high
India's fuel consumption in July rose about 3% from the previous month to 19.92 million metric tons, its highest level since March, data from the Petroleum Planning and Analysis ...
Energy
BP to acquire Woodside’s stake in Calypso project
BP has agreed to acquire Australia-based Woodside Energy’s 70% interest in the Calypso gas project in Trinidad and Tobago, it said on Thursday, taking full ownership of the major...
Energy
Constellation Energy to sell gas plant to LS Power, raises profit forecast
Power company Constellation Energy said on Thursday it will sell a gas plant in Texas to LS Power for $860 million, and raised its current-year operating earnings forecast on the ...
Energy