Germany’s Coal Plants Return to Profit
The coal-fired power plants in Germany are profitable to run again amid surging electricity demand in a cold snap and a plunge in European carbon prices this week. Coal plants…
Why Are USA NatGas Prices Rising Today?
U.S. natural gas prices are rising today due to a combination of weather risk, production softness, and positioning, rather than any single structural shift. That’s what Ole R. Hvalbye, a…
IEA Raises Forecast of Global Oil Demand Growth in 2026
The world’s oil demand growth is set to rise by 930,000 barrels per day (bpd) in 2026, thanks to lower oil prices and a normalization of economies after the 2025…
Indian Refiners Boost Middle East Supply To Offset Lost Russian Oil
Indian state-run refiner Bharat Petroleum Corporation Limited (BPCL) has awarded tenders to buy Iraqi and Omani crude on the spot market, as India’s refiners are raising supply of crude from…
Global LNG Supply Surge Threatens Near-Term Price Slump
New LNG export projects coming online and ramp-ups of recently commissioned facilities are expected to drive a 10% jump in global LNG supply this year, as the market shifts from…
Japan Restarts Its Largest Nuclear Plant Thirteen Years After Fukushima
Japan’s Tokyo Electric Power Co. will today restart its first nuclear reactor after the Fukushima disaster. Reactor #6 at the Kashiwasaki Kariwa power plant will be switched on after 7…
Energy Fuels Buys Australian Rare Earth Miner
U.S. uranium producer Energy Fuels has sealed a deal to acquire Australian Strategic Materials in a transaction that values the target company at over $300 million. The rare earths and…
Cenovus Weighs $2 Billion Asset Sale to Rein In Debt After Major Merger
Canada’s Cenovus is considering a divestment from conventional oil and gas assets that could be worth over $2 billion, Reuters has reported, citing unnamed sources. The assets are in Alberta,…
Cyber attacks “more and bigger” warns Davos panel
Companies and governments are having to grapple with “more and bigger” cyber attacks as well as increasingly sophisticated phishing techniques and a huge rise in AI bots. Global ransomware attacks…
PepsiCo selects Engie for 10-year biomethane supply in the UK
Food and drink giant PepsiCo will offtake biomethane from French energy group Engie under a newly signed agreement. Engie will build an anaerobic digestion plant in the north of England,…
