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US Active Rig Count Rises by 1, Baker Hughes Says

The combined count of crude oil, natural gas, and miscellaneous rigs in the US rose by one to 544 in the week ending April 24, according to data from Baker Hughes (BKR) released Friday.The US oil rig count dropped by three from 410 the previous week to 407, while the number of gas rigs increased by four from 125 the previous week to 129.Price: $68.33, Change: $+3.84, Percent Change: +5.95%

$BKR

Commodities15d ago

US Rig Count Rises by 1, Baker Hughes (BKR) Says

Baker Hughes Company (BKR)Price: $68.54, Change: $+4.05, Percent Change: +6.28%

$BKR

Commodities15d ago

EMEA Natural Gas Update: Prices Flat as Traders Weigh Iran Peace Talks and Mixed Weather Outlook

European natural gas futures were little changed in after-hours trade on Friday after a choppy session driven by geopolitical developments and shifting expectations around renewed Iran-related peace talks scheduled for this weekend in Islamabad.Front-month Dutch TTF gas contracts edged up 0.009% to 44.40 euros ($52.02) per megawatt hour, while the UK NBP benchmark rose 0.46% to 111.40 pence ($1.51) per therm.Markets moved back and forth through the day as reports circulated that US President Donald Trump is sending special envoy Steve Witkoff and son-in-law Jared Kushner to Pakistan for discussions with Iranian Foreign Minister Abbas Araghchi. The talks are expected to take place this weekend.US Vice President JD Vance will not attend, as the perceived counterparty, Iranian parliamentary speaker Mohammad-Bagher Ghalibaf, is also reported not to be participating.Trump declined on Thursday to offer a timeline for resolving the conflict with Iran, telling reporters, "Don't rush me." The two sides remain divided on key issues presumably to be central to the Islamabad discussions.The US Navy began a blockade of Iranian ports on Apr. 13 after the collapse of the first round of talks in Islamabad. Trump reiterated on Thursday that the US has "total control over the Strait of Hormuz." However, a Financial Times report, citing Vortexa data, indicated continued vessel movements in and out of the Gulf during the blockade, including ships linked to Iranian crude exports totaling roughly 10.7 million barrels.In Europe, weather models continue to show mixed signals for late April and early May. Forecaster Atmospheric G2 said in a social media post Friday that a general warming trend is expected, but noted the possibility of colder air reaching Western Europe between Apr. 28 and May 11. Some models also indicate a potential shift toward warmer conditions from the west, which could affect central and western regions. Overall confidence in the forecast remains low.Gas market fundamentals are also being shaped by ongoing storage replenishment ahead of the next winter season. Data from Gas Infrastructure Europe shows EU gas storage levels at 30.82% capacity, below the year-ago level of 37.54%.

Commodities15d ago

Adani Green Energy Lifts Energy Output 34%, Expands Capacity to 19.3 GW

Adani Green Energy reported Q4 earnings Friday, showing total energy sales increased 34% over the year, rising to 37,567 million units for the fiscal year 2026.The company's operational capacity expanded 35% over the year, to reach 19.3 gigawatts, on track to achieve its 50 GW target.AGEL added 5.1 GW of greenfield renewable capacity across solar, wind, and hybrid projects in FY 2026, compared with 3.3 GW in FY 2025, the company said.The company expanded solar capacity by over 3.4 GW, added 683 megawatts of wind capacity, and developed almost 956 MW of hybrid capacity, primarily across Gujarat and Rajasthan, the company said.AGEL also exceeded its contracted electricity commitments, delivering 106% of pledged generation under power purchase agreements during the fiscal year, reflecting strong operational efficiency, the company said.AGEL is advancing its 30-GW renewable energy project in Khavda, Gujarat, spanning 538 square kilometers, and aims to reach full capacity at the site by 2029, the company said.The company installed 1.4 gigawatt-hours of battery storage at Khavda and plans to expand capacity beyond 10 GWh by fiscal year 2027, it said.Adani Green Energy's capacity expansion keeps it on track to achieve its 50-gigawatt renewable energy target, the company said.The company's 19.3 GW operational portfolio powers over 8.7 million homes and cuts about 36 million metric tons of carbon emissions annually, Executive Director Sagar Adani said.

Commodities15d ago

US Sets Anti-Dumping Duties on Solar Imports from Asian Countries, RBC Says

The US issued preliminary anti-dumping determinations on crystalline silicon photovoltaic imports from Laos, Indonesia, and India, imposing steep tariff rates that could reshape trade flows in the solar supply chain and bolster domestic manufacturers, RBC Capital Markets strategists said on Friday.RBC analysts said the US Department of Commerce set weighted-average dumping margins at 123.04% for India, 35.17% for Indonesia, and 22.46% for Laos.The ruling follows earlier preliminary countervailing duty findings in late February, which identified subsidy rates ranging from about 80% to 126%.Together, the anti-dumping and countervailing duty cases raise the potential cost of imports from the three countries, which, despite recent tariff measures that have already curbed volumes, still account for over 80% of US solar panel imports.RBC said the move could be supportive for First Solar, given reduced competitive pressure from Southeast Asian and Indian module suppliers if the duties are finalized at similar levels.The Department's final determinations are due no later than September 5, 2026. Following that, the US International Trade Commission will issue its final injury determination about 45 days later.However, RBC analysts said the case remains subject to change as the Department proceeds with verification and final margin calculations, but the preliminary findings signal sustained regulatory pressure on key offshore solar supply hubs.

Commodities15d ago

EU Sanctions 46 More Vessels Linked to Russia's Shadow Oil Fleet

The European Union has imposed sanctions on 46 more vessels in Russia's shadow fleet, bringing the total number of designated vessels to almost 632, the European Commission said on Friday.Europe, which has imposed 20 packages of sanctions against Russia, said the ships are now banned from entering EU ports and can no longer receive maritime transport services.The EU introduced new safeguards on tanker sales to prevent EU-built or sold vessels from entering Russia's shadow fleet, including mandatory contractual clauses barring Russian use.The bloc also banned maintenance services for Russian LNG tankers and icebreakers and moved to allow EU companies to exit long-term contracts at LNG terminals.The Commission said the EU's latest sanctions package also targeted Russia's Murmansk and Tuapse ports.For the first time, the EU blacklisted a third-country facility, Indonesia's Karimun Oil Terminal, for links to sanctions circumvention.The package also lays the groundwork for a future ban on maritime services transporting Russian oil, pending coordination with the Group of Seven.Financial measures extend restrictions to 20 additional Russian banks, bringing the total cutoff from the EU market to 70. The EU also targeted lenders in Kyrgyzstan, Laos, and Azerbaijan, accusing them of facilitating transactions that bypass sanctions or connect to Russia's domestic financial messaging system.

Commodities15d ago

Indonesia Reportedly Set to Import 150 Million Barrels of Russian Crude in 2026, Seeks More

Indonesia is set to import about 150 million barrels of crude oil from Russia this year, Deputy Energy Minister Yuliot Tanjung said on Friday, according to multiple news outlets, as the country seeks to bolster energy supplies amid disruptions tied to the Middle East conflict.The move follows a meeting in Moscow last week between President Prabowo Subianto and Russian President Vladimir Putin."It has been agreed that the total volume of crude oil which we will import from Russia is around 150 million barrels to meet our needs until the end of the year," Yuliot reportedly said, adding that the import volume of LPG from Russia has yet to be decided.Indonesia imports about 1 million barrels per day and is seeking additional supplies from multiple sources, including the US."We import about 1 million barrels per day, so we can see with this 150 million [barrels] it is still short. We are looking for additional supply from other countries, including the US," he reportedly said.The Indonesian government did not immediately respond to' request for comment.

Commodities15d ago

Moldova Reportedly Votes to End Energy State of Emergency After Power Line Disruption

Moldova's parliament voted to lift the country's energy state of emergency from Saturday, ending a measure imposed after Russian strikes in neighboring Ukraine disrupted a key power line supplying most of the country's electricity, multiple media outlets reported on Friday.Moldovan officials said Russian attacks in March knocked out the Isaccea-Vulcanesti transmission line, which carries electricity from Romania to Moldova via about 40 kilometers or 25 miles of Ukrainian territory and supplies up to 70% of the country's needs.Lawmakers approved the move with 69 votes in the 101-seat chamber. The Moldovan Parliament did not immediately respond to' request for comment."The declaration of a state of emergency was not a whim. It was a carefully considered decision taken at a crucial, critical moment," Prime Minister Alexandru Munteanu reportedly said.He added that Moldova had faced two major risks at the time, pressure on the electricity grid and disruptions in the fuel market. The emergency measures helped the government avert a fuel shortage, he said.

Commodities15d ago

Energia Argentina Awards LNG Cargo to Naturgy for May Delivery

Energia Argentina awarded one LNG cargo to Naturgy after an April 15 tender to support supply ahead of expected demand swings, the company said Thursday.Energia chose Naturgy Aprovisionamientos to supply the cargo through an international tender, it said.The shipment will replenish inventory at the floating storage and regasification unit at the Escobar Terminal, with arrival expected in the second week of May.The added supply will allow the system to inject regasified gas during spikes in residential demand driven by colder weather or disruptions in natural gas transport, the company added.Energia invited 39 prequalified companies to participate in the tender, with six firms submitting bids in the latest process, it said.The company runs the tender under ISO 9001 standards certified by IRAM, with oversight from a public notary and internal audit controls, according to the company.

Commodities15d ago

Europe's Advisory Program to Speed Coal Regions' Transition to Renewables

The European Commission and the European Investment Bank launched an advisory program on Friday to accelerate the shift from fossil fuels to clean energy in four key European regions: coal, peat, and oil shale.The program, known as Technical Assistance for a Green Energy Transition, will offer advisory services to help regions historically reliant on coal, peat, and oil shale develop bankable renewable energy and energy-efficiency projects.Through TARGET, the EIB has identified four regions in the Czech Republic, Poland, Sweden, and Romania where the lender will provide consultancy services.The initiative comes as Europe seeks to reinforce energy security and accelerate decarbonization amid heightened geopolitical and market pressures.The program will support the Czech Republic's Usti Region with a study assessing economic opportunities and challenges associated with its shift away from coal, including the condition of former mining sites and financing requirements.The study will also evaluate the region's potential to scale up renewable energy such as geothermal, solar, and hydropower, as well as prospects for clean technology manufacturing.The advisory will focus on mapping out development pathways toward a net-zero economy in Poland's Turow subregion.TARGET will also assess economic and energy transition challenges in Sweden's Norrbotten County, including renewable energy expansion and the redevelopment of former fossil fuel sites.The study will also examine labor market shifts, housing needs, and industrial competitiveness, while identifying opportunities for clean technology manufacturing and related industries.Meanwhile, in Romania's Gorj region, the EIB will assist local authorities in developing clean energy and efficiency projects, with a focus on repurposing former coal assets.Potential initiatives include solar projects on ex-mining land, geothermal heating, battery assembly and hydrogen-related manufacturing.

Commodities15d ago

EU, EIB Target Growth With $1.5 Billion Financing, Focus on Energy, Digitalization

The European Investment Bank and European Commission launched a 1.3 billion euro ($1.52 billion) financing plan backed by a (Euro)362 million guarantee to support partner economies, EIB said Friday.The agreement will provide access to funding for private firms, small and medium-sized enterprises, and financial institutions to advance clean energy and digital infrastructure projects across EU partner countries, EIB added.The 362 million euro guarantee will support operations over a three-year period across multiple EU partner regions, the EIB said.The allocation includes 99 million euros for the Western Balkans, 30 million euros for the Eastern Neighborhood, 22.5 million euros for Turkiye, and 210 million euros for the Middle East and North Africa, EIB added.The initiative will deepen EU ties with neighboring regions, improve energy security, and support job creation while aligning with the Global Gateway strategy and regional connectivity priorities.EIB Global will deploy 482 million euros through local banks to strengthen key sectors such as textiles, agrifood, innovation, and green and social projects across the Eastern and Southern Neighborhood and Western Balkans, it said.The package includes 167 million euros in guarantees to lower lenders' risks and attract private investment into clean energy, energy efficiency, and digital transition projects in the Western Balkans, the EIB added.The bank will also allocate up to 691 million euros to finance large-scale connectivity and renewable energy projects spanning the Southern Neighborhood, Western Balkans, and Turkiye, it said.Andrew McDowell, director general of EIB Global, said the agreement will channel public guarantees into private investment to boost energy security, support small businesses, and advance green and digital projects.

Commodities15d ago

Ecopetrol Expands Brazil Push With Brava Stake Deal, Tender Offer Ahead

Ecopetrol (EC) agreed to acquire a 26% stake in Brava Energia and plans a $23-per-share tender offer to secure a 51% controlling interest, the company said Thursday.The company signed a share purchase deal on April 23 with Jive, Yellowstone and Bloco Somah Printemps Quantum, key Brava shareholders, to acquire 120,813,490 shares representing about 26% of its equity, it said.Brava was formed in 2024 after 3R Petroleum Oleo e Gas merged with Enauta Participacoes, creating a Brazil-focused oil and gas player with operations across offshore and onshore basins.Brava reported $806 million in EBITDA for 2025 with a 39% margin and ranks as the second-largest independent oil company listed in Brazil by reserves and production, the company said.Ecopetrol will complete the transaction only after meeting conditions, including Brazil's Administrative Council for Economic Defense approval, financing consents, and acquiring enough shares to reach a 51% voting stake, Ecopetrol added.The company plans a voluntary tender offer on Brazil's B3 exchange at 23 Brazilian reais ($4.58) per share to acquire additional equity and reach majority control, the company added.The offer implies a 27.8% premium over Brava's 90-day volume-weighted average price and will extend on equal terms to all shareholders under applicable regulatory rules, the company said.Ecopetrol expects to fund the acquisition through a bridge loan, subject to closing conditions and regulatory approvals tied to the transaction, it said.The deal would add proportional reserves from Brava's 459 million barrels of oil equivalent reported at year-end 2025 under Petroleum Resources Management System standards, Ecopetrol added.Ecopetrol would also gain a proportional share of Brava's 2025 output of about 81,000 barrels of oil equivalent per day, boosting production stability and cash flow, it said.Ecopetrol said the deal will expand its footprint in Brazil, diversify assets in a high-growth region, and strengthen its international portfolio once it meets all closing requirements.Price: $14.01, Change: $-0.42, Percent Change: -2.91%

$EC

Commodities15d ago

Market Chatter: Metallurgical Coal Prices to Stay Elevated as Middle East Conflict Disrupts Supply

The Middle East conflict will provide price support to the metallurgical coal market in Q2 as the conflict disrupts the fuel's supply chain and raises logistics costs, S&P Global Energy said on Friday, citing traders.Met coal prices have been elevated starting this month as concerns mount over a worsening shortage of diesel, which would hit mining operations in Australia in particular.Much of the higher price derives from higher freight costs, S&P Energy said, with Platts Panamax freight rates from East Coast Australia to the east coast of India averaging $25.18 per metric ton in March, a 50.2% climb from February's $16.76/mt.Freight from East Coast Australia to Qingao, China, cost $22.38/mt in March, a 46.4% jump from February's average of $15.29/mt, according to Platts data.Traders largely brushed off news of ceasefires and saw few prospects for alleviating supply shocks and higher prices in the medium term.This has piled further pressure on Australian mining after wet weather in Q1.Platts Premium Low-Vol Hard Coking Coal prices rose in Q1, reaching $252.50/mt on Feb. 4 FOB Australia, prior to the Middle East conflict.The PLV HCC assessment price was $236.80/mt FOB Australia by March31, up from $18.80/mt at the start of the quarter while over the same period, Platts PLV HCC CFR China rose to $220/mt from $14.50.S&P Global Energy said it expects metallurgical prices to stay at higher levels in the short term, as it gains support from the fact that coal can substitute LNG and oil for some end users.Indian spot demand could retreat however after strong purchases in Q1 and throughout 2025, the research said.Several Indian steel mills that previously depended on the spot market for premium coal, are said to have signed long-term deals with Australian suppliers at the start of April.(Market Chatter news is derived from conversations with market professionals globally. This information is believed to be from reliable sources but may include rumor and speculation. Accuracy is not guaranteed.)

Commodities15d ago

Exchange-Traded Funds Rise, Equity Futures Mixed Pre-Bell as Traders Assess Tech Earnings Amid Global Uncertainty

The broad market exchange-traded fund SPDR S&P 500 ETF Trust (SPY) was up 0.4% and the actively traded Invesco QQQ Trust (QQQ) was 1.3% higher in Friday's premarket activity as investors assess technology companies' earnings while global uncertainty persists amid the Middle East conflict.US stock futures were mixed, with S&P 500 Index futures up 0.4%, Dow Jones Industrial Average futures slipping 0.1%, and Nasdaq futures gaining 1.3% before the start of regular trading.The University of Michigan consumer sentiment report for the current month is scheduled to be released at 10 am ET, while the weekly Baker Hughes domestic oil-and-gas rig count is due at 1 pm ET.In premarket activity, bitcoin was up by 0.7%. Among cryptocurrency ETFs, the cryptocurrency fund ProShares Bitcoin Strategy ETF (BITO) was 0.6% higher, Ether ETF (EETH) advanced 0.6%, and Bitcoin & Ether Market Cap Weight ETF (BETH) declined by 0.02%.Power Play:Health CareThe State Street Health Care Select Sector SPDR ETF (XLV) retreated by 0.5%, the Vanguard Health Care Index Fund (VHT) was down 0.1%, while the iShares US Healthcare ETF (IYH) was 0.1% lower. The iShares Biotechnology ETF (IBB) was 0.5% higher.Organon (OGN) shares were up 29% in Friday's premarket activity, a day after a media report that India's Sun Pharmaceutical Industries was planning a $13 billion bid for Organon.Winners and Losers:TechnologyThe State Street Technology Select Sector SPDR ETF (XLK) advanced by 2.1%, and the iShares US Technology ETF (IYW) was 1.7% higher, while the iShares Expanded Tech Sector ETF (IGM) was up 2.3%. Among semiconductor ETFs, the State Street SPDR S&P Semiconductor ETF (XSD) was 4.2% higher, while the iShares Semiconductor ETF (SOXX) rose by 4.1%.Intel (INTC) stock was 28% higher pre-bell Friday after the company reported overnight higher fiscal Q1 adjusted earnings and revenue in addition to providing fiscal Q2 outlook that surpassed analyst estimates.ConsumerThe State Street Consumer Staples Select Sector SPDR ETF (XLP) was down 0.1% and the Vanguard Consumer Staples Index Fund ETF Shares (VDC) was up 0.1%. The iShares US Consumer Staples ETF (IYK) was 0.04% higher and the State Street Consumer Discretionary Select Sector SPDR ETF (XLY) gained 0.8%. The VanEck Retail ETF (RTH) and the State Street SPDR S&P Retail ETF (XRT) were flat.Coursera (COUR) stock was 16% lower before the opening bell on Friday after the company reported overnight lower Q1 non-GAAP earnings that also trailed analysts' estimates.FinancialThe State Street Financial Select Sector SPDR ETF (XLF) slipped 0.4%. Direxion Daily Financial Bull 3X Shares (FAS) was down 0.9%, while its bearish counterpart, Direxion Daily Financial Bear 3X Shares (FAZ), was 1.1% higher.Hartford Insurance Group (HIG) shares were down 4.4% before Friday's bell, a day after the company posted lower-than-expected Q1 core earnings and revenue.EnergyThe iShares US Energy ETF (IYE) retreated by 1%, while the State Street Energy Select Sector SPDR ETF (XLE) was down by 1.1%.SLB (SLB) shares were down 3.7% before Friday's bell after the company posted lower Q1 adjusted earnings.IndustrialThe State Street Industrial Select Sector SPDR ETF (XLI) retreated by 0.7%, while the Vanguard Industrials Index Fund (VIS) was 0.2% lower and the iShares US Industrials ETF (IYJ) was flat.Norfolk Southern (NSC) shares were down 1.1% before the opening bell Friday after the company reported lower Q1 adjusted EPS.CommoditiesFront-month US West Texas Intermediate crude oil retreated by 1.3% to $94.63 per barrel on the New York Mercantile Exchange. Natural gas declined by 2.4% to $2.70 per 1 million British Thermal Units. The United States Oil Fund (USO) decreased by 1.4%, while the United States Natural Gas Fund (UNG) was 1.7% lower.Gold futures for May were down by 0.1% at $4,721.50 an ounce on the Comex. Silver futures gained by 0.9% to reach $76.17 an ounce. SPDR Gold Shares (GLD) was 0.4% higher, and the iShares Silver Trust (SLV) advanced by 0.5%.

$^DJI$^IXIC$^SPX$BETH$BITO$COUR$EEM$EETH$EXI$FAS$FAZ$GLD$HIG$IBB$IGM$IGV$INTC$IPK$IVV$IWM$IYE$IYH$IYJ$IYK$IYW$NSC$OGN$PMR$QQQ$RTH$SLB$SLV$SOXX$SPY$UNG$USO$VDC$VHT$VIS$XLE$XLF$XLI$XLK$XLP$XLV$XLY$XRT$XSD

Commodities15d ago

Market Chatter: Brazil to Test B20 Biodiesel Blend Amid Global Oil Crisis

Researchers at Brazil's Maua Institute of Technology are set to begin critical testing in May to investigate the viability of increasing the nation's biodiesel mandate to 20% according to a Reuters report on Thursday.As a major producer of biofuels from soy and sugarcane, Brazil currently mandates a 15% biodiesel blend, but soaring fossil fuel prices and the need to reduce reliance on imported energy have accelerated the push for higher concentrations.The initial phase of the study will involve installing a test engine next month to evaluate the long-term effects of B15 and B20 blends over a 300-hour period, as per the report.The report noted that researchers will specifically monitor for filter clogging, injection system behavior, and injector nozzle wear.A second phase is also planned to analyze pollutant emissions for blends ranging from B7 to B25, it added.The move is a direct response to the global energy disruptions caused by the US-Israeli conflict with Iran.(Market Chatter news is derived from conversations with market professionals globally. This information is believed to be from reliable sources but may include rumor and speculation. Accuracy is not guaranteed.)

Commodities15d ago

Italy's Eni Reports 9% Higher Q1 Hydrocarbons Output YOY

Italian integrated energy company Eni said its hydrocarbons production grew by 9% year on year in Q1 to 1.8 million barrels of oil equivalent per day with higher output from assets in Africa and Norway, it said in its earnings report on Friday.It said it had made a strong start to the year in exploration with about 1 billion barrels of oil equivalent discovered between assets in Angola, Cote d'Ivoire, Libya, Egypt and Indonesia, the latter it described as an "outstanding finding".The company took final investment decisions at two major gas hubs in the Indonesian Kutei basin, reinforcing visibility in its production outlook, it said.A previously-announced demerger of Plenitude will unlock value for Eni and enable Plenitude to pursue growth, ENI said. It will retain a 65% stake and Ares will enter with joint control.The company said it expected to have fully established a joint venture in Indonesia and Malaysia with Petronas in Q2 to create value from Eni's mineral potential in the Kutei basin.Looking ahead in 2026, the company said it expects oil and gas production growth in the 3-4% range and for Plenitude to reach installed renewables capacity of 6.5 gigawatts.It forecasts a refining margin of $8 per barrel based on a revised Brent price scenario of $83 per barrel and a TTF gas price of 50 euros ($58.54) per megawatt hour.

Commodities15d ago

India-Based Adani Energy Solutions Reports 'Strong' Order Book, Growing Renewables Share

India's largest power transmission and distribution company Adani Energy Solutions said its order book has grown to 599.36 billion rupees ($6.36 billion) with opportunities also growing in distribution and smart metering.Adani Energy said it has consolidated its market position and expects strong performance ahead in all business segments as it announced record earnings for the year ended March 31 and a "strong" fiscal Q4.It noted strong energy sales in Mumbai and Mundra and said it secured two transmission projects - Navinal (Mundra) Phase 1 Part B1 and Mahan Transmission. Contract wins totaled seven in 2025 with a total value of 43,990 crore rupees.Transmission operating revenue during fiscal Q4 was 12.13 billion rupees, compared with 11.64 billion rupees a year ago. Distribution operating revenue was 28.75 billion rupees, compared with 23.96 billion rupees in fiscal Q4 2024.Smart meter deployment reached 3.1 million rupees and the company's leverage is now 3.2 times its debt, aligned with guidance.AESL now has a transmission market share of 28%, it said.The company said project commissioning, meter installations and operational efficiencies in all business lines were its priorities for the coming year.Transmission system availability was 99.7% across its portfolio, while in the Mumbai distribution business, consumed energy increased 6% over the year to 10,558 million units. It said distribution losses remained low at 4.77%.Mundra energy consumption grew 44% to 948 million units, it said. Supply reliability was at 99.99%.The company added 695 circuit kilometers of transmission lines over the full-year period between Mumbai and Mundra businesses, it said.The company plans to install 6 to 7 million new meters in fiscal 2026, double or more the 31.3 lakh installations in fiscal 2025.Renewables within power supplied to the Mumbai circle totaled 36% in fiscal 2025, while Adani is on track to reach 60% by fiscal 2027.

Commodities15d ago

Brent Crude Up 2.1% at Near US$107.30 and NY Crude Up 1.9% at US$97.65

$CLM6$LCOM6$USO

Commodities15d ago

NWS Warns of Potential Severe Thunderstorms, Wildfire Risks, Flash Flooding

The US National Weather service issued few weather warnings on Friday, but signaled a risk of severe thunderstorms over the weekend, particularly in the southern Plains and into the Mississippi Valley, while in the western High Plains and Southeast, dry, breezy conditions could propagate wildfires.The severe thunderstorm warning covers Joplin, Branson, Fayetteville, Grove, Tulsa, Muskogee, all of which are clustered near the borders of Oklahoma, Missouri and Arkansas.Flash floods are possible in Stillwater in Oklahoma and to the east of Enid and a separate one for Kansas City and neighboring Olathe. Power providers there are Oklahoma Gas & Electric Company (OGE), Entergy Arkansas (ETR), Liberty (LBRT) and Ameren's (AEE) Missouri unit.The combination of wind and relatively low humidity prompted a warning of fire weather for all of the eastern half of Colorado, stretching into the southeastern corner of Wyoming and southwestern Nebraska.In Colorado, the warning covered Springfield, Kim, Trinidad, San Luis, Alamosa, La Veta Pass, Saguache, Westcliffe, Pueblo, Canon City, La Junta, Lamar, Eads, Salida, Buena Vista, Pikes Peak, Colorado Springs, Limon, Woodland Park, Leadville, Denver, Boulder, Akron, Fort Morgan, Greeley and Fort Collins.Power providers in Colorado are Xcel Energy (XEL) and Black Hills (BKH) utility Black Hills Energy.In southeastern Wyoming, the warning covered Cheyenne and Pine Bluffs. In southwestern Nebraska, affected areas were Kimball, Sidney, and a patch south of Harrisburg.The main Wyoming power provider is Rocky Mountain Power.In the northwestern and southwestern corners of Colorado, there was a freeze warning covering Baggs, Craig, Meeker, Rangely, Cortez and Durango.A freeze warning covered about half of Montana, its northern extremes and the southwest. Areas affected include Cut Bank, Havre, Malta, Glasgow, Jordan, Circle, Terry, Glendive and Plentywood in the north and Red Lodge, Bozeman, Butte, Helena and Missoula in the southwest.The freeze warning extended over the border into Idaho's Lowell and the edges of Grangeville and Riggins.The main power provider in Montana is Northwestern Energy (NWE) and MDU Resources (MDU) unit Montana-Dakota Utilities.

$AEE$BKH$ETR$LBRT$NWE$OGE$XEL

Commodities15d ago

Asia Biofuels Update: Futures Edge Higher Amid Weaker Ringgit, Higher Crude Prices and El Nino Risks

Palm oil futures in Malaysia edged higher on Friday, amid support from a weaker Ringgit and higher crude oil prices, which made biodiesel more attractive, alongside mounting El Nino risks and higher biodiesel blends.After easing on Thursday, the Bursa Malaysia Derivatives' May crude palm oil contract was up by 0.22%, trading at 4,515 Malaysian ringgit ($1,139.29) per metric ton. The June contract was up by the same measure, at 0.22%, to 4,562 ringgit/mt.Both contracts were up nearly 2% this week, reversing two straight weekly losses.This decline on Friday, however, comes despite a weaker Ringgit, with the currency having lost 0.32% over the past week, and soaring crude oil prices, with Brent Crude futures touching $105.98, according to Trading Economics.Besides this, the Malaysian Palm Oil Council said on Friday that it expects prices to remain above 4,500 Ringgit/mt in the near-term, which it attributed to potential El Nino risks, harming supplies, along with Malaysia's move towards higher biodiesel blend, towards B15 from the current B10, which the Council said could absorb an additional 1 to 1 and a half million tonnes of oil annually.Similar biodiesel programs across Indonesia and Thailand, with both countries increasing their blends, are expected to further tighten the markets in the near-term, the Council said.According to price reporting agency MySteel, with the situation in the Middle East unlikely to ease any time soon, and with crude oil prices having surged again, palm oil is being reinforced "as a biodiesel feedstock," keeping futures prices elevated.

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Commodities15d ago