Commodities

Qatar Threatens to Cut EU Gas Flows Over Due Diligence Law

Qatar has issued a stark warning to the European Union, threatening to halt vital gas shipments if member states strictly enforce new legislation penalizing companies for failing to meet stringent environmental, human rights, and labor standards. Qatari Energy Minister Saad al-Kaabi told Financial Times in an interview published Sunday that

Codelco Seeks Permit for $800 Million Gabriela Mistral Mine Expansion

Chilean state-owned copper giant Codelco has submitted an environmental permit application for an $800 million expansion of its Gabriela Mistral copper mine, aiming to extend its lifespan by over two decades, as reported by Reuters. The project, if approved, would extend the mine's operations beyond 2028 to 2055

Russia Calls Gas Sales to Europe 'Complicated' as Ukraine Transit Deal Nears End

Russia has described the situation surrounding natural gas sales to Europe via Ukraine as "very complicated" following talks between President Vladimir Putin and Slovak Prime Minister Robert Fico, as reported by Reuters. This comes as a five-year deal for Russia to transit gas through Ukraine to Europe is

India's State Oil Refiners Struggle to Secure Russian Crude Supplies

India's state-owned oil refiners are facing difficulties in procuring sufficient volumes of Russian crude oil, reports Bloomberg, citing sources familiar with the matter. Executives from three of India's government-controlled processors revealed that they have been unable to secure adequate quantities of Russian crude for January loading

AI's Power Hungry Appetite Threatens Global Climate Goals

Japan's new energy strategy, unveiled last week, reveals a stark reality: the rise of artificial intelligence is driving a surge in electricity demand, potentially jeopardizing global efforts to combat climate change, reports Bloomberg. While Japan's power demand was previously expected to decline, the draft energy strategy

Biden's Methane Crackdown Yields Fruit in Permian Basin

President Joe Biden's crackdown on methane emissions appears to be paying off, with a new study revealing a sharp drop in methane leaks from the sprawling Permian Basin, according to the Financial Times. The Permian Basin, located in Texas and New Mexico, is responsible for almost half of

Putin and Fico Discuss "Complicated" Russian Gas Sales to Europe

Following a meeting between Russian President Vladimir Putin and Slovak Prime Minister Robert Fico on Friday, the Kremlin described the situation surrounding European purchases of Russian natural gas as "very complicated," reports Reuters. Kremlin spokesman Dmitry Peskov, while declining to elaborate on the details of the talks, emphasized

Putin Meets Slovak PM as Ukrainian Gas Transit Deal Nears End

Slovak Prime Minister Robert Fico met with Russian President Vladimir Putin in the Kremlin on Sunday, a move criticized by Slovak opposition politicians as a "disgrace," as reported by Reuters. This rare visit by an EU leader to Moscow comes as a contract allowing Russian gas to transit

Oil Prices Rise on Hopes of US Economic Support and Inflation Cooling

Oil prices edged higher on Monday, buoyed by expectations of further US monetary policy easing and the potential for boosted global economic growth and oil demand, as reported by Reuters. Brent crude futures rose 0.4% to $73.20 a barrel, while US West Texas Intermediate crude futures climbed 0.

Hungary Seeks to Maintain Russian Gas Shipments Through Ukraine

Hungary is in talks with Russia and Ukraine to keep open gas shipments via Ukraine, even though its Russian gas imports now primarily come through the TurkStream pipeline, Prime Minister Viktor Orban announced on Saturday, as reported by Reuters. Orban emphasized his desire to maintain the Ukrainian transit route for