North Africa Powers Up: Wind, Gas, and Green Hydrogen Lead the Charge!
North Africa is harnessing its diverse energy resources to tackle growing global demand, expand exports, and secure a sustainable future. Major projects across the region are redefining its role as a global energy hub. Egypt Takes Wind Energy to New Heights Egypt is propelling its renewable energy sector forward with the 10 GW […]
Trump Threatens EU with Tariffs over Energy Imports
President-elect Donald Trump has issued a clear ultimatum to the European Union: boost imports of American oil and gas or face new tariffs. In a statement delivered on his social media platform, Trump emphasized the need for the EU to address its trade deficit with the U.S. by purchasing more U.S. energy products. Trump has […]
Naphtha Prices Drop for 2025 Contracts Due to Weak Demand and Oversupply
Naphtha prices for 2025 contracts have dropped slightly due to weak demand in the petrochemical industry and a supply glut. Several Asian companies, including South Korea’s YNCC, Singapore’s PCS, and Taiwan’s Formosa Petrochemical, have signed contracts for naphtha at lower premiums compared to 2024 prices. This marks a shift in the market as companies are […]
Africa sees $47 billion surge in oil and gas investment
In a significant boost to Africa’s energy sector, capital expenditure (capex) on oil and gas projects has reached an impressive $47 billion in 2024, marking a 23% increase compared to last year. This sharp rise highlights the growing interest of energy majors in Africa’s vast untapped resources and underscores the continent’s emergence as a global […]
Big Oil Bets on LNG: No More Wind and Solar?
The global energy landscape is shifting as natural gas takes center stage, driving both sustainable energy solutions and reliable power supply. Industry giants Chevron and Exxon are scaling back their investments in renewable energy projects like wind and solar, turning their focus toward gas-fired power generation. This shift aligns with the rising demand for uninterrupted […]
UK and French Terminals Reshape European Bitumen Dynamics
The European bitumen supply chain is witnessing notable changes as key players in the UK and France reposition their terminal operations, signaling potential shifts in regional trade dynamics. UK: Surge in Activity at Dagenham Terminal In the UK, Tarmac, one of the country’s leading road and construction firms, will begin receiving bitumen cargoes at the […]
Hydrated Lime: A Game-Changer for Road Durability
Hydrated lime (Ca(OH)₂) is making waves in the road construction industry for its ability to significantly improve the durability of asphalt. Acting as an anti-stripping agent, it ensures a strong bond between bitumen and aggregate, helping to prevent water damage and extend the life of road surfaces. Studies show that adding less than 2% hydrated […]
India’s Gas Demand Climbs as Fertilizers Dominate
LNG Imports Rise as Domestic Gas Production Declines: Shifting Energy Trends in India India’s natural gas consumption reached 6019 million standard cubic meters (MMSCM) in October 2024, reflecting the growing energy demands of its industrial and urban sectors. The fertilizer sector emerged as the largest consumer, accounting for 29% of the total usage, followed by […]
Winter Fuels Bullish Surge in Europe’s Diesel Market
Optimism is growing in the European diesel and gasoil markets as hedge funds and portfolio managers continue to cut their bearish positions amid colder weather and surging natural gas prices. Traders are increasingly bullish on diesel futures, with expectations for further price increases throughout the winter. In the week leading up to November 26, money […]
East Asia’s Divergent LPG Strategies: Japan Secures Supplies as Neighbors Resell
As winter approaches, Japan is proactively securing liquefied petroleum gas (LPG) supplies to meet anticipated heating and energy demands. In contrast, neighboring countries South Korea and China are offloading surplus LPG cargoes due to differing energy requirements and market conditions. Japan’s Strategic LPG Procurement In November 2024, Japan imported approximately 801,000 metric tons of LPG, […]
