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Adani news unlikely to impact Wilmar materially, says DBS

February 1, 2023@9:38 PM TFP Editor 0

WILMAR International is not likely to see a material impact from recent negative headline news surrounding its Indian associate Adani Group, according to DBS Group Research. Read on The Business Times

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Asia faces shortage of ships to install offshore mega wind farms

February 1, 2023@9:28 PM TFP Editor 0

ASIAN nations counting on offshore wind farms to meet clean energy goals are facing an increasing shortage of ships for installing the massive turbines in the sea. Read on The Business Times

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Shell accused of greenwashing by climate group in US SEC claim

February 1, 2023@8:06 PM TFP Editor 0

A CLIMATE activist group is urging the US Securities and Exchange Commission (SEC) to investigate whether Shell’s claims about its investments in renewable energy are misleading to investors. Read on The Business Times

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Gold scales late-April highs after dovish Fed

February 1, 2023@7:38 PM TFP Editor 0

GOLD prices extended gains on Thursday (Feb 2) to touch their highest in more than nine months, after the US central bank raised interest rates by an expected 25 basis points and comments from chair —>READ MORE

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Ikea buys into planned Australian wind farm in renewables push

February 1, 2023@5:55 PM TFP Editor 0

THE investment arm of Ingka Group, which owns most of the world’s Ikea stores, has bought a stake in a planned Australian wind farm as it seeks long-term access to renewable energy. Read on The —>READ MORE

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Oil dives US$3 after US EIA reports big builds in US crude, fuel stocks

February 1, 2023@4:27 PM TFP Editor 0

OIL prices settled lower on Wednesday after sliding more than US$3 a barrel in the session after US government data showed big builds in crude oil, petrol and distillate inventories and Opec and its allies —>READ MORE

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Opec+ sticks to oil output policy after brief meeting

February 1, 2023@10:15 AM TFP Editor 0

AN Opec+ panel endorsed the oil producer group’s current output policy at a meeting on Wednesday (Feb 1), leaving production cuts agreed last year in place amid hopes of higher Chinese demand and uncertain prospects —>READ MORE

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Easing prices revive LNG interest from Asia's emerging gas markets

February 1, 2023@2:04 AM TFP Editor 0

ENERGY companies in Asian emerging markets are returning to the market for liquefied natural gas (LNG) cargoes as prices have fallen to their lowest in more than a year. Read on The Business Times

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