Europe's major oil companies are considering delisting from European stock exchanges and listing on American exchanges. Total Energies' CEO, Patrick Pouyanné, has announced serious consideration of a primary listing in New York. However, Total Energies' unique business composition poses challenges for a move to the U.S.
India emerged as the world's largest buyer of seaborne coal two years ago, surpassing China and Japan, driven by heightened steel demand. Despite a slight decline in imports in 2022 and 2023, projections suggest a rise to 100 million metric tons by 2030.
Currently, all attention is on the liquefied natural gas (LNG) market, especially following the disruptions in Russian gas supplies and the volatility in the global gas market triggered by the Ukraine war and subsequent sanctions.
Today, on the 8th of May 2024, Shell Singapore Pte Ltd, a subsidiary of Shell plc, has agreed to sell its Energy and Chemicals Park in Singapore to CAPGC Pte. Ltd., a joint venture between Chandra Asri Capital Pte. Ltd. and Glencore Asian Holdings Pte. Ltd.
Iraq is currently finalizing its preparations for exporting diesel (gas oil) after achieving self-sufficiency by completing necessary logistical procedures. The Ministry of Oil announced its plans in a statement seen by the Washington-based Specialized Energy Platform on Monday, May 6, 2024.
The Energy Independence and Security Act of 2007 mandates federal buildings to phase out fossil fuel usage by 2030, focusing on transitioning to cleaner electricity sources such as wind and solar power to cut greenhouse gas emissions.