Export data shows palm oil gains over stronger competitors, and palm oil is a better alternative to edible oils
Trinidad's Atlantic LNG Project to Decommission Liquefaction Train
Trinidad and Tobago's flagship liquefied natural gas project, Atlantic LNG, will begin removing one of its liquefaction trains from operations in the last quarter this year, its director for capital projects, Michael Daniel, said on Tuesday.The project's shareholders, including Shell, BP and Trinidad's National Gas Company
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Russian Urals Oil Trades at Close to Widest Discounts Since 2022
Russian February Urals crude oil cargoes traded at close to the widest discounts against dated Brent in Indian ports since 2022 amid intensified pressure from Western sanctions, two sources said.Urals oil cargoes to be supplied in February traded at discounts of $10 per barrel to dated Brent for delivery in Indian ports
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As Europe Premium widens, LNG tankers divert their eastbound route
Shiptracking data shows that traders are taking advantage of higher gas prices in Europe compared to Asia by diverting two LNG tankers originally bound for Asia towards Europe and Turkey. The fall in temperatures in northern hemisphere is boosting the heating demand in Asia and Europe, and driving up prices. On Thursday, the price of Asian LNG futures was $11.
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US denies visas to two members of Haiti Transitional Presidential Council
The?U.S. The?U.S. State Department announced on Sunday that it was imposing visa restrictions and revoking visas for members of the?Haiti Transitional Presidential Council and their immediate family members. The State Department said in a statement that the visa restrictions were imposed because of the alleged involvement of the council members in "gangs
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Winter storm increases demand for power in US data centers Alley
The largest U.S. power grid saw its prices rise sharply Sunday, as the demand for energy in a region that has?the largest concentration of data centers in the world? exceeded forecasts in the midst of a deep freeze gripping the majority half the nation. Dominion Energy territory in Virginia saw real-time wholesale prices of $1,800 for a?MWh as early as Sunday morning, up from $200 on Saturday.
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The US Electric Grid is stressed by the cold weather
Electric grid operators in the U.S. took extra precautions on Saturday to avoid rotating blackouts, as frigid temperatures hit half of America's population. The PJM Interconnection – the largest?U.S. The PJM Interconnection, which serves 67,000,000 people in the East and Mid-Atlantic region, reported temporary spikes of wholesale spot?electricity? prices that rose above $3
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