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Coal production in China fell by 3.8% on the year last month, to the lowest level since April 2024 in the first annual decline for this year, Reuters reported today, citing figures from China’s statistics bureau.Coal production over the first seven months of the year, however, was higher by 3.8% from last year, the data showed, with the total at 2.78 billion tons.Per Bloomberg, the reason for the dip in July was, on the one hand, government efforts to curb oversupply, which is already sizable, and, on the other hand, bad weather consisting of high temperatures and heavy rains that…
Singapore-based food tech start-up Prefer announced that it has raised $4.2 million in a Pre-Series A funding round, and has commercially launched its new soluble coffee and cocoa powders, aimed at replicating coffee and cocoa at a fraction of the carbon footprint and at lower cost. Founded in 2022 by Jake Berber and Ding Jie Tan, Prefer provides climate-resilient alternatives for the food products by transforming upcycled ingredients. The company’s process uses fermentation to transform food manufacturing byproducts, such as rice and soy, into flavors and ingredients that replicate the taste and functionality of coffee and cocoa while significantly reducing…
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MADRID (AP) — Firefighters in Spain, Portugal and Greece continued to battle wildfires Friday on a public holiday in all three countries as persistent hot, dry conditions challenged efforts to contain the blazes.Spain was fighting 14 major fires. Temperatures were expected to climb over the weekend. “Today will once again be a very tough day, with an extreme risk of new fires,” Spanish Prime Minister Pedro Sánchez wrote on X.The national weather agency AEMET warned of extreme fire risk in most of the country, including where the largest blazes were burning in the north and west. A heatwave which brought…
Singapore: State refiner Indian Oil Corp (IOC) has bought two million barrels of U.S. West Texas Intermediate crude for October delivery, three trade sources said on Friday.It purchased the cargoes from Mercuria at a premium of $2.80-2.90 a barrel to dated Brent, they added, speaking on condition of anonymity.IOC recently snapped up crude from the United States, Canada and the Middle East as U.S. President Donald Trump ramped up pressure on India for purchases of Russian oil ahead of talks with President Vladimir Putin to reach a ceasefire in Ukraine. Published On Aug 15, 2025 at 12:48 PM IST Join…
Indian Oil Corp has bought another cargo of U.S. West Texas Intermediate for delivery in October, Reuters reported today, citing unnamed industry sources.The deal is part of a recent streak of U.S. oil purchases following President Trump’s threat to impose additional tariffs on Indian exporters to the United States if the country continues buying Russian crude.The October deal was priced at a premium of between $2.80 and $2.90 to dated Brent, Reuters’ sources said.It is price that pushed India to step up Russian oil purchases in the first place, turning Russia from a minor exporter to the subcontinent, into one…
Ukrainian drones attacked Lukoil PJSC’s major refinery in Volgograd in the early hours of Thursday as Kyiv has ramped up strikes on Russian energy infrastructure this month. The Russian Air Force repelled a “massive UAV attack” on the Volgograd region overnight and as a result of falling debris, oil-products spills caught fire at the facility, Andrei Bocharov, regional governor, said in a Telegram statement. The blaze was extinguished by 8:13 p.m. local time, the press office of the regional administration said in a separate Telegram statement. The Volgograd refinery, among the 10 largest in Russia, is the latest strategic asset…
Sydney-headquartered natural gas developer Tamboran Resources Corporation has signed a milestone agreement with Native Title Holders and the Northern Land Council. The company said in a media release that the deal opens the door for the sale of appraisal gas from its exploration permits in the Beetaloo Basin. Under the agreement, Native Title Holders grant approval for the Beetaloo Joint Venture (BJV) to sell up to 60 terajoules per day of appraisal gas from EP 98 and EP 117 from the proposed Shenandoah South Pilot Project over three years. The BJV is now working on obtaining the necessary permits for…
Anaergia Inc. has reported a net loss of CAD 9.49 million ($6.89 million) for the second quarter, improving 29 percent from a net loss of CAD 13.36 million for the same three-month period last year. The Burlington, Canada-based provider of integrated waste-to-energy solutions saw a 36.8 percent surge in revenue to CAD 32.26 million for 2Q 2025 from CAD 23.59 million for 2Q 2024, according to figures published on the SEDAR+ database for companies publicly trading in Canada. The Capital Sales segment accounted for the bulk of revenue for 2Q 2025 at CAD 23.21 million, up 51.8 percent from 2Q 2024.…
Buru Energy Ltd. said Thursday it had identified a new prospect that could grow resources for the Rafael natural gas development in Western Australia’s onshore Canning Basin. Identified from Rafael 3D seismic data, the Flying Fox prospect lies immediately beneath the gas and condensate field at about 4,015 meters (13,172.57 feet) True Vertical Depth Subsea, West Perth-based Buru said in a regulatory filing. Buru assessed gross unrisked prospective resources of 60-614 billion standard cubic feet (Bscf) gas with a best estimate (P50) volume of 247 Bscf, and 1.2 million stock tank barrels (MMstb) to 12.6 MMstb of condensate with a…