Indonesia cuts industrial LNG prices to $13/MMBtu from about $23, effective Monday, after negotiations with producers and PT PGN, EnergyBahlil Lahadalia says

Philippines issues red alert on Visayas grid as multiple plants remain offline Wednesday. Available capacity ~2,153 MW vs peak demand 2,394 MW; Mindanao has nine plants on forced outage.

Red and yellow alerts were raised for power grids in central and southern Philippines on Wednesday as several power plants remained unavailable, according to the National Grid Corporation of the Philippines (NGCP). The Visayas red alert is in effect with available capacity at about 2,153 MW against a projected peak demand of 2,394 MW. In Mindanao, nine power plants are on forced outage for August, with 11 unavailable since 2024 and nine others operating at derated capacities.

OPEC cuts 2026 oil demand growth forecast to 600,000 bpd, down from its prior month's assessment, the group said Wednesday from Vienna.

OPEC said on Wednesday that global oil demand is forecast to grow by 600,000 barrels per day in 2026 year-on-year, down from its previous month's assessment, according to Xinhua reporting from Vienna.

Indonesia targets permanent magnet output using rare earths by 2028, seeking an integrated domestic supply chain from mineral processing to EVs, Danantara's CTO said in Jakarta.

Indonesia plans to produce permanent magnets using rare earth elements by 2028 as part of efforts to build an integrated domestic supply chain from mineral processing to electric vehicles, Danantara Chief Technology Officer Sigit Puji Santosa said Wednesday in Jakarta.

Fire breaks out on ferry in the strait between Indonesia's Bali and Lombok islands; all 144 people on board rescued, Jakarta Globe reports.

A fire broke out on board a ferry sailing in the strait between the Indonesian islands of Bali and Lombok. All 144 people on board were rescued, the Jakarta Globe newspaper reported.