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Mineral Resources
Sources: Congo to centralise mining investment agency as part of US deal
Four sources have confirmed that the Democratic Republic of Congo has been preparing to create a "one-stop" agency for major mining investment as part of its reforms related to its partnership with US minerals. The aim is to reduce red tape and to attract more Western capital to a sector dominated largely by Chinese companies. Congo is the second largest copper and cobalt producer in the world. It is the center of the 'competition between global powers to supply critical minerals essential for the energy transition and advanced manufacture. China, the US and the European Union all signed mineral agreements
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Energy Markets
Tech stocks surge on renewed AI fever, while oil and bond yields rise.
The technology shares were boosted by a renewed optimism about AI on Tuesday. However, the broader stock market struggled as oil prices rose?above $100 per barrel and bond yields increased?once again. Meta Platforms' Muse AI Assistant has been a viral hit since its launch two weeks ago. The stock of the company soared on Monday after a sell-off caused by gloomy warnings issued by AI executives a week prior. Semiconductors were one of the few gainers on the STOXX 600 index in Europe, which fell by 0.2% after gaining 1% the previous day. Meta shares jumped more than 11% on
Natural Gas
Natural Gas
Minister says Canada is interested in a partnership with France LNG
Anita Anand, Canadian Foreign Ministry, said on Monday that Canada and France could form an energy partnership involving liquefied natural gas produced along its Pacific Coast. This comes a day after the leaders of both countries met to discuss energy cooperation. Anand stated that it was "quite possible" for Canada to?execute a partnership in energy with a European nation using LNG imported from Canada's West Coast. In an interview conducted on the sidelines the annual gathering of leaders of the world at the United Nations, she stated that "that goes for France." Emmanuel Macron, the French president, has called for...
Crude Oil
China's oil throughput in August is up for the second consecutive month amid Iran war
China's oil throughput in August?rose for a second consecutive month but was still?6.9% lower than a year ago, according to?data released on Tuesday by the National Bureau of Statistics. In August, the world's largest oil buyer processed 59.07 metric tons crude oil, or 13,91 million barrels per day. This is an increase of 11.2% compared to July. Oil throughput in the first eight months was 456.12 millions metric tons or 13.7 million bpd. This is down 6.6% compared to a year earlier. According to data, China's domestic crude oil production in August rose by 0.8% on the year to a...
Energy Markets
Polish President refers windfall tax decision to Constitutional Court
The Polish president has said that he will refer a bill which would impose a windfall tax?on the profits of oil and gas companies to the country's Constitutional Court, citing?concerns about its'retroactive' nature and 'potential impact' on consumers. The Polish Parliament has approved a bill that will tax windfall profits made by oil and gas firms who have enjoyed soaring margins in the face of supply shocks caused by the Middle East conflict. The bill assumes that in 2026, fuel sales exceeding the average of the previous year by 20% will be taxed 60%. This would generate 4 billion zlotys...
Power Markets
Gas plant in France at risk of failure due to high temperatures
The Mediterranean Sea's high temperatures, which have limited the availability of cooling water for gas plants in southern France, could lead to a gas plant going offline on Thursday evening. This would add further pressure to an energy system that is already under stress due to reduced nuclear output. Early summer heatwaves have caused temperatures to rise to unheard of levels in Europe, leading water shortages, fires and even deaths. The French utility EDF has issued a?restriction? notice for its 930 megawatt Martigues power plant. This is the first time in this summer that an electricity plant powered by gas...
Natural Gas Utilities
AfD leader vows restore German-Russian relations as she seeks chancellery
Alice Weidel of the far right Alternative for Germany said that Germany should stop a boycott against Russian oil and gas to boost its flagging economy. She was describing the party's ambitions to form a national coalition. Weidel claimed that the AfD could win two important federal state elections within the next few months. He described them as a milestone towards securing the position of German chancellor at the next national election due in 2029. The success of Made in Germany was due to the cheap energy that Russia provided. Weidel stated that we need to get it back. "The...
Crude Oil
Cambodians are now more motivated than ever to tap into $300 billion of energy resources, due to the global fuel crisis
Cambodia's energy minister stated on Wednesday that the oil shock caused by the conflict in Iran has prompted Cambodia to resolve its maritime dispute with Thailand and unlock underwater energy resources worth $300 Billion. The grip of Iran on the Strait of?Hormuz - the conduit for a fifth of global oil supplies - has made the conflict in the region the worst ever global energy crisis. In an interview, the Minister of Mines and Energy Keorottanak said that Cambodia relies on renewable energy, including hydropower and solar power, to help it weather this current crisis. However, its hopes for industrialisation...
Power Markets
EIA: US power consumption will surpass previous records in 2026 and '27, as AI usage surges.
The Energy Information Administration's Short-Term Energy Outlook released on Tuesday predicted that U.S. electricity consumption would continue to rise in 2026 & 2027. The EIA projects that the power demand in 2027 will increase from 4,195 billion Kilowatt-hours in 2025, to 4,248 in 2026, and 4,379 in 2027. The demand for electricity is increasing as more homes and businesses are using less fossil fuels to heat and transport their vehicles and use more electricity. The agency stated that the increase in electricity demand is being led by the commercial sector. This is expected to surpass residential demand for the first...
Natural Gas
Venture Global signs new LNG Supply Deals with TotalEnergies and Vitol
Venture Global announced on Tuesday that it had signed new LNG supply contracts with TotalEnergies, and trading house Vitol for combined sales of over 1 million metric tonnes per annum (mtpa), over the next five-year period. Mike Sabel, the CEO of Venture Global, said on a Tuesday earnings call that the company charges customers more than twice the price of long-term LNG for the five-year contracts. This reduces the risk profile. Sabel said, "It gives us the opportunity to blend out...the risks with much higher prices than 20-year contracts. We can double our long-term contracts." These deals bring the total...
Coal
The US coal industry is given a reprieve by the US government, but this will not last long: Jenarthan & Jain
Coal has been given an unlikely reprieve by the combination of U.S. support and the Iran War. Don't call this a comeback. In the first weeks of Tehran’s war against the U.S., and Israel, the global seaborne thermal prices of coal rose by over 25%. Prices rose to the highest level since late-2024, adding new momentum to a 'unexpected' rebound. This price rise reflects short-term market conditions, not a structural improvement in the?coal economy, as is evident by the fact that prices are only 15% higher than pre-war levels. These recent steps come after coal achieved several positive milestones in...
Natural Gas
Taiwan has received assurances from a'major country' about LNG supplies
Taiwan's economy minister announced on Saturday that the energy minister of a "major country" producing liquefied gas had given Taiwan assurances about supply. He was speaking in relation to the?impact of the Iran War on Middle East energy imports. Taiwan, which is a major producer of semiconductors, relied on Qatar to supply around a third its LNG prior to the conflict. It has now said that it has secured alternative supplies from countries such as Australia and the United States for the months ahead. Kung Ming Hsin, Taiwan's Economy Minister, told reporters in Taipei that Taiwan enjoys good relations with...
Natural Gas
Data centers forced to become more flexible by the US grid
In times of high demand for electricity, the U.S. tech industry is being pressured to reduce its power consumption. This comes amid growing public concerns that Big Tech's massive energy needs in expanding data centers will'max out' the country's electrical grid. When utilities and grid operators ask for it, the power industry and its regulators are increasingly pushing tech companies to make a concession that was previously unthinkable - they're asking them to?scale?back their energy consumption in giant server farms called data centers. The majority of the attempts to make data centres more flexible are in pilot mode. Data centers...
Power Markets
JERA's exec claims that there is no immediate shortage of LNG in Japan, but they are currently in negotiations for additional supply.
JERA, Japan’s largest power generator, is not facing a shortage of liquefied gas, despite the U.S. and Israel’s war against?Iran. However, JERA is in talks with long-term suppliers about possible additional supplies, according to a senior executive on Saturday. Global CEO Yukio KANI said that Japan's biggest LNG buyer, Global, handles around 35 million metric tonnes of super-chilled gas annually. Around 27 million tons of this fuel are used in Japan, with about 5% passing through the Strait of Hormuz. Iran has disrupted the shipping in the'strait', which is a conduit for 80% of the world's fossil fuel?supplies. Kani, speaking...
Environment
NHK reports that two people have died in the torrential rains caused by a typhoon in Japan.
NHK, a public broadcaster, reported on Tuesday that torrential rains caused landslides in Japan's Pacific Coast, resulting in the deaths of two people and four others who are still missing. Nearly 50,000 homes lost electricity as a result. Typhoon Dujuan was the latest extreme weather phenomenon in a year of unprecedented rains, floods, and tropical cyclones, which have affected regions around the world, from East Asia to North America, Europe, and Australia. The broadcaster reported that mud flowing into a home in Yokosuka, in the Kanto Region, killed a woman aged 60. This was after landslides occurred in Kanagawa, and...
MPOC: Crude palm oil price to remain above $1.154 per ton until 2026.
The Malaysian Palm Oil Council stated on Tuesday that the price of crude palm oil is expected to stay above 4,700 ringgits ($1,154) a metric ton through October and the rest of the year, largely due to weather uncertainty. MPOC stated that the main downside risks were a drop in energy prices, and an increase in stock. This is because palm oil production reaches its 'peak' seasonally in September or October. MPOC said that Malaysian exports were 'projected' to remain at 16 million tons by 2027. This reflects the importance of Malaysia in providing palm oil to consumers around the...
Texas Governor Abbott suspends all permits issued by the state for data centres until grid audit has been completed
Texas Governor Greg Abbott barred the state's Environmental Agency from issuing any new permits for data centers until the governing bodies complete a massive audit on the energy-hungry installations that are seeking to connect to Texas electrical grid. The Republican Governor's directive to Texas Commission on Environmental Quality effectively "freezes" all state-issued data center permits. Texas is one of the fastest growing data hubs worldwide since the artificial intelligence boom started about three years ago. Abbott was prompted by the growing public backlash and concerns about AI to order a review of the data centers and to freeze their connection...
Pollution
Pollution
Indonesia President calls for tougher penalties against those responsible for forest fires
Indonesian President Prabowo Subianto has called for tougher rules and sanctions against those who use slash-and-burn?methods of clearing land. The country is struggling to contain "wildfires" that have been raging in the country for weeks. Indonesia is currently battling the most intense wildfires it has seen in 11 years. "Super El Nino" conditions have drenched the country's fields and forests. The worst affected islands are Borneo, Sumatra and the surrounding areas. This is due to the dangerous haze that has caused respiratory illness. The air quality in Malaysia and Singapore, which are neighbouring countries, is also affected by transboundary pollution....
Pollution
UN chief raises alarm over AI threat after Trump plays down
U.N. Secretary General Antonio Guterres warned leaders of the world on Wednesday that the rapid advancement of artificial intelligence poses serious risks that can't be ignored. This puts him at odds against President Donald Trump, who argues that "existing safeguards" are adequate. Guterres, speaking?ahead? of the U.N. General?Assembly meeting in New York next week, told reporters that the need for stronger supervision would be the major focus of his discussions with global leaders who are coming to the city. Guterres said: "We cannot ignore the concerns raised by those who are on the frontlines of AI development, in particular." "It...
Carbon Emissions
US court rejects Trump administration's bid to keep Michigan coal plants open
On?Friday, a federal appeals court threw out a President Donald Trump administration order that had?forced a Michigan coal-fired plant to stay open past its planned retirement date. According to court documents, a unanimous?ruling?by a three-judge panel of the U.S. Court of Appeals 'for 'the District of Columbia Circuit determined that the Department of Energy had exceeded its authority in a rarely invoked emergency provision of federal legislation. Michigan challenged the DOE order after DOE instructed J.H. Campbell plant to stay online in 2025, shortly before the planned closure. The decision is a blow to the administration's efforts to maintain coal-fired...
Energy Markets
Brazil targets COP31 agreement to target China as buyer of Carbon Credits
Brazil will use a 'high-level visit' to China next Monday to 'assess if Beijing could become a purchaser of Brazilian carbon credits, and to advance the talks towards a bilateral market agreement that officials hope they can announce at the COP31 climate summit in Turkey this November. Discussions between top climate officials and carbon-market representatives from both countries will be held in conjunction with meetings at Wuhan, China from September 14 to 18 where a coalition of Brazil-China and EU carbon market jurisdictions that covers roughly 42% global emissions are set to approve a?plan of work aimed at gradually integrating...
Pollution
Data shows that Indonesian wildfires are the world's most destructive.
Data released on Wednesday showed that Indonesia has the highest carbon dioxide levels in the world due to wildfires burning across parched forest and peatland in Borneo, Sumatra and other islands. Fire Emissions Watch is a portal created by the European Union’s Copernicus Climate Monitoring Service. It shows that Indonesian fire emissions between September 1 and September 7 reached?19.7 millions metric tons. This week, Indonesia overtook Russia, making up a third or more of the total global. Indonesia has one of the most dangerous fire seasons in the world. But as "super El Nino" weather conditions cause temperatures to rise...
Climate Change
UN weather agency: Heat waves and wildfires threaten air quality
The United Nations weather agency warned on Monday that pollution from heat waves and wildfires could undermine global efforts to improve the air quality and protect human health. The World Meteorological Organization, in its annual report on climate and air quality, said that air pollution and climate changes are closely related and should be addressed through coordinated policies rather than isolated ones. The World Meteorological Organization warned that it would be more difficult to meet the World Health Organization air quality guidelines in the future because of the increased likelihood of extreme wildfires. WMO's?report? stated that wildfires have become a...
Pollution
Zagreb waste cleanup delays prompt tens of thousands to protest
On Saturday, tens of thousands of protesters gathered on the central square of Zagreb to demonstrate against the failure of the government to begin cleaning up the more than 30,000 tonnes of waste that have accumulated in central Croatia. Environmentalists claim this is polluting drinking water in the area. The protest was one of the largest in Croatia for several years. It was called "Walk for Lika", named after the mountainous area where the wastes are stored. Last year, authorities discovered between 34,000 to 37,000 tons at a site in the Lika region of Croatia, near the town of?Gospic. Much...
Pollution
Wildfires near Indonesia's capital prompt calls for action
Officials said that wildfires are spreading near Indonesia's new capital city, which is currently under construction. Project authorities have urged the disaster mitigation agency to conduct cloud-seeding, water-bombing, and other operations. Indonesia has intensified its efforts to control haze, particularly in six provinces that have been hardest hit by the forest and landfires on Borneo and Sumatra Islands, which total 73,311 ha. Wildfires are raging on Borneo Island in several spots, but in the eastern portion, which is home to the new capital Nusantara (Nusantara), the situation has been relatively calm in recent weeks, since the fires started to worsen...
Pollution
Malaysia declares an emergency in Serian district, Sarawak due to haze
Malaysia declared an emergency on Friday in the district of Serian in Sarawak after thick haze from forest fires in?Indonesia caused air pollution to reach 'hazardous' levels. Sarawak on Borneo has been severely affected by the fires that have ravaged the Indonesian side. Haze forced the closure of schools in certain parts of the state. Malaysian authorities classify Air Pollution Index (API), readings over 300, as hazardous. A measurement of 500 is the threshold to declare an emergency. Government data revealed that the API in Serian reached 519 on Friday. Anwar's Office said that the king of Malaysia, Sultan Ibrahim,...
Pollution
How serious are Indonesian wildfires?
Indonesia is on high alert to prevent the devastation caused by the wildfires that are raging in the country. Indonesia has deployed cloud seeding and firefighting planes to try to stop fires and smoke spreading. This is especially true in five provinces of Borneo Island, which are home to large stretches of?peaty lands. WHAT ROLE DOES EL NINO PLAY? El Nino may not be the direct cause of fires but it can act as a catalyst. The additional heat and drying conditions allow them to spread faster. Indonesian authorities have said that the El Nino index for this year has...
Pollution
Scientists say coral bleaching occurs too often for reefs recover.
Scientists said that coral reefs experience bleaching so often, they don't have the time to recover before another one strikes. The global coral cover is now below "normal" levels and faces irreversible decline. Coral reefs are vital to the world, supporting a quarter all marine life. They also make coasts more resilient, and provide food and livelihoods to millions. But their survival is threatened by pollution, and by mass bleaching due to rising ocean temperatures. In a report that was based on data collected over 40 years from more than 37,000 reef sites in 120 countries, the Global Coral Reef...
Pollution
Nepal requested early warnings from China before the flood disaster.
Experts and officials from Nepal and China met in Kathmandu three months before the wall of mud, water and rock that 'hurt down' a Himalayan Valley bordering Nepal and China killed hundreds. The agenda for the meeting, held in the capital of Nepal on May 27, included 10 Nepali officials and 12 Chinese officials, including those from the Tibet region, where the disaster occurred. They discussed ways to strengthen cooperation between the two countries to monitor and respond effectively to hazards such as floods, bad weather, and glacier-related hazards. Participants called for "joint measures to reduce risk, including inventories and...
Wind Farms
New York files suit against the Trump administration for a halt on two offshore wind project
New York's Attorney General sued the Trump Administration on Friday over the suspension of construction on two offshore?wind farms that it says are needed to power a million homes and reduce the state's reliance on fossil-fuels. Letitia J., New York's Attorney General, has filed two separate lawsuits asking the federal court in Washington not to allow President Donald Trump's freeze of federal offshore leases owned by Equinor from Norway and Orsted from Denmark on December 22, 2018. The Interior Department said that it had halted the project due to complaints from?the Pentagon, that wind turbines can cause radar interference which...
Sponsored: Record Deals and Record Attendance Underscore ADIPEC’s Global Impact
Record-breaking 239,709 attendees from 172 countries gathered at ADIPEC 2025, reaffirming UAE’s convening power and its role as a global hub for energy, partnerships and innovation. ADIPEC 2025 generated an estimated US$400 million in economic benefits for Abu Dhabi’s economy, particularly across the hospitality, tourism and transport sectors. Expanded AI Zone and dedicated industry areas showcased the role of AI, digitalisation, decarbonisation, chemicals and low-carbon solutions in advancing energy resilience. 45+ ministers and policymakers, and 1,800+ speakers from energy, finance and technology explored the future of energy under the theme ‘Energy. Intelligence. Impact.’ ADIPEC 2026 will take place from 2-5 November 2026, with expanded focus on...
Sponsored: Energy and Finance Chiefs Call for Sound Policy, Stable Frameworks at ADIPEC
Global finance leaders discuss the new era of energy investment defined by pragmatism, diversification and strategic capital allocation Industry leaders urge fundamentals-based planning amid global volatility, with stable, sound and clear policy frameworks identified as key investment landscape criteria Liquefied natural gas, methane and carbon reduction innovations and emerging markets identified as key investment frontiers Organisations whose speakers shared finance insights at ADIPEC 2025 included Moeve, The World Bank Group, Siemens Energy, NNPC, and PETRONASAbu Dhabi, 05 November 2025: Day 3 of ADIPEC 2025 concluded on 5 November with a resounding call to action for global financiers, policymakers, and energy leaders to...