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Oil & Gas
Nov 6, 2024

Saudi Aramco’s Quarterly Profit Goes 15% Down

Saudi oil giant Aramco on Tuesday reported a 15.4% drop in third-quarter profit due to lower crude prices and weaker refining margins, but maintained its generous dividend...

Wind Farms
Nov 6, 2024

Cadeler Gets Turbine and Foundation Installation Job for UK Offshore Wind Farm

Danish firm Cadeler has signed firm contracts, valued up to $415 million, for the transport and installation of turbines and foundations for East Anglia TWO offshore wind...

Pakistan
Nov 6, 2024

Pakistan's Punjab establishes 'smog war room' to fight harmful air

Pakistan's Punjab established a. smog war space to tackle extreme contamination, authorities stated, as. bad air quality in Lahore pressed the capital of the eastern. province to...

China
Nov 6, 2024

Iron ore slides as focus back on soft principles from China stimulus bets

Iron ore futures slipped on Wednesday, as financiers moved focus back on soft basics of the crucial steelmaking ingredient from expectations of more stimulus from leading customer...

India
Nov 5, 2024

Gold holds steady as market awaits United States election outcome

Gold held consistent on Wednesday as financiers keenly awaited the outcome of a securely objected to U.S. presidential race. Spot gold held its ground at $2,745.42 per...

Saudi Arabia
Nov 5, 2024

Iran oil rates to China at multi-year high after exports fall, sources state

Discounts on Iranian crude oil sold to China are at their tightest in around five years as lower exports drive up rates in the middle of issues...

United States
Nov 5, 2024

London base metals dip on more powerful dollar; focus on US election results

Prices of Londonlisted base metals declined on Wednesday as the U.S. dollar rallied, while early results from the U.S. presidential election indicated a tight race. Three-month copper...

United States
Nov 5, 2024

Oil prices fall on more powerful dollar as polls begin closing in US election

Oil costs fell on Wednesday as early poll results in the U.S. election showed Democrat Kamala Harris and Republican Donald Trump secured a tight race for the...

United States
Nov 5, 2024

Australian shares increase on commodity, tech boost; financiers wait for United States election decision

Australian shares increased on Wednesday, tracking their peers on Wall Street, with the technology and commodity sectors leading the gains as investors braced for the outcome of...

Brazil
Nov 5, 2024

Brazil's Vibra earnings more than triples in third quarter driven by tax gain

Brazilian fuel supplier Vibra said on Tuesday its net revenue more than tripled in the 3rd quarter from a year earlier, to 4.2 billion reais ($ 730.3...

Mexico
Nov 5, 2024

Tropical Storm Rafael reinforces as it barrels towards Cayman Islands, Cuba

Hurricane Rafael was rapidly getting steam on Tuesday afternoon as it downed toward the Cayman Islands in the Caribbean, and will likely become a. cyclone in the...

Poland
Nov 5, 2024

Decarbonising by 2050 might enhance Poland's economy by 4%, World Bank states

Decarbonising Poland by 2050 would need investments worth about $450 billion, however might boost gross domestic product by an extra 4%, according to a. World Bank report...

Argentina
Nov 5, 2024

EU official anticipates Mercosur trade offer this year, dismisses changes on deforestation law

The European Union anticipates to close the trade agreement with South American bloc Mercosur by the end of the year, the EU commissioner for crisis management told...

United States
Nov 5, 2024

Stocks rise, Treasuries dip as markets await United States election outcome

World stocks increased and Treasury yields pulled back from early highs on Tuesday as markets waited for early indicators of the outcome of a knifeedge U.S. governmental...

Saudi Arabia
Nov 5, 2024

Saudi Arabia cuts December light crude costs for Asia

Leading oil exporter Saudi Arabia has actually cut the cost for the flagship Arab light crude it sells to Asia in December by 50 cents to $1.70...

United States
Nov 5, 2024

Stocks increase, Treasuries consistent as markets brace for US vote

World stocks rose and Treasury yields rebounded on Tuesday while an index of market volatility pulled away, as markets awaited early indications of the outcome of the...

France
Nov 5, 2024

France's RTE indications billion euro cable supply arrangement with European manufacturers

France's electricity transmission system operator RTE on Tuesday announced a billion euro ($ 1.09. billion) agreement with European suppliers, consisting of fibreoptic. cables maker Nexans, to support...

Refined Products
Nov 5, 2024

Marathon Petroleum's revenue beats on greater refinery throughput, usage rate

Leading U.S. refiner Marathon Petroleum reported a thirdquarter earnings on Tuesday that beat Wall Street price quotes on betterthanexpected refining throughput and utilization rates. The company's shares...

Environment
Nov 5, 2024

EU's von der Leyen to avoid COP29 climate top

European Commission President Ursula von der Leyen will not attend this year's. United Nations climate change top, known as COP29, a. Commission spokesperson told Reuters on Tuesday....

Poland
Nov 5, 2024

Poland's Orlen sees no positive cashflow from Olefins task

Polish oil and gas company Orlen stated on Tuesday its Olefins petrochemicals project will not create positive cashflow in future as it again made a note of...

Brazil
Nov 5, 2024

Brazil continues top-level talks on spending control steps

Brazil's government continued top-level discussions on Tuesday towards the statement of expected spending control steps seen as essential for sustaining fiscal rules, though it has actually not...

South Korea
Nov 5, 2024

South Korea's highest court turns down appeal from zinc smelter versus shutdown

South Korea's Supreme Court has actually rejected a legal attract avoid a suspension of the Seokpo zinc smelter, its operator Young Poong Corp. said. Seokpo was ordered...

United States
Nov 5, 2024

Grains merchant ADM slides on fresh accounting errors, earnings forecast cut

ArcherDanielsMidland shares fell 8% premarket on Tuesday after the worldwide grains merchant cut its adjusted yearly revenue projection and stated it would amend its previous financial declarations...

China
Nov 5, 2024

China wants talks on trade steps at COP29 environment summit, document shows

China has asked for that nations hold talks at next week's COP29 U.N. environment summit on carbon border taxes and other limiting trade procedures that Beijing says...

United States
Nov 5, 2024

Cummins posts quarterly earnings beat on strong need for power products from data centers

Cummins Inc beat thirdquarter revenue quotes on Tuesday, due to robust need for its power generation items from information centers, sending the shares of the company up...

South Asia
Nov 5, 2024

India's GAIL beats Q2 revenue view on natgas marketing increase

Gas distributor GAIL (India). published a biggerthanexpected quarterly revenue on Tuesday,. helped by strength in its gas marketing company. India's top natural gas supplier by market share...

China
Nov 5, 2024

Europe's October LNG imports show rare increase, Asia's dip: Russell

Europe's. imports of liquefied gas increased in October for the very first. month in 10 while those in Asia dropped for the very first time since. June,...

Singapore
Nov 5, 2024

Stocks constant, currencies tense as United States votes

Stocks and bond markets were calm on Tuesday and an index of market volatility was controlled as markets waited for early indicators of the result of a...

United States
Nov 5, 2024

Grains merchant ADM moves on extra accounting mistakes, annual revenue forecast cut

ArcherDanielsMidland shares fell 7% premarket on Tuesday after the global grains merchant cut its adjusted annual revenue forecast and stated it would amend its previous financial statements...

Iran
Nov 5, 2024

Iran oil prices to China at multi-year high after exports fall, sources say

Discounts on Iranian crude oil sold to China are at their tightest in around 5 years as lower exports drive up rates amidst issues that Middle East...

Africa
Nov 5, 2024

Prince William satisfies President Ramaphosa on South Africa journey

Britain's Prince William visited South African President Cyril Ramaphosa on Tuesday in Cape Town after taking a nature walk with rangers and conservationists at Table Mountain National...

South Korea
Nov 5, 2024

India's JSW Steel, POSCO to invest $7.7 billion in Odisha steel plant, sources state

India's JSW Steel and South Korea's POSCO plan to invest 650 billion rupees ($ 7.73 billion). in their proposed plant in India in the coming years, sources....

India
Nov 5, 2024

VEGOILS-Palm ends lower on profit taking ahead of a major conference

Malaysian palm oil futures closed lower on Tuesday after four successive sessions of gains, dragged down by earnings taking ahead of the Indonesian Palm Oil Association (GAPKI)...

Africa
Nov 5, 2024

Gunvor manager sees little oil need growth

The chairman and cofounder of Gunvor, one of the world's biggest oil traders, said on Tuesday there is little development in oil need and the market is...

Germany
Nov 5, 2024

Tesla increases wages for personnel at German gigafactory by 4%.

Tesla has actually raised the earnings of all employees at its German gigafactory outside Berlin by 4% because the start of November, the U.S. electrical carmaker said...

South Asia
Nov 5, 2024

Gold consistent as US election, Fed meeting loom

Gold rates held consistent on Tuesday as market participants braced for the outcome of a knifeedge U.S. governmental election and a Federal Reserve policy decision this week....

Iraq
Nov 5, 2024

Trading firms to provide 5 mln bbls of MidEast crude to China exchange, sources say

Trading firms will deliver about 5 million barrels of Middle East crude oil to the Shanghai International Energy Exchange (INE) this month, an abnormally big volume, after...

Israel
Nov 5, 2024

Israeli airstrikes eliminate at least 30 Palestinians in Gaza, medics say

Israeli strikes throughout the Gaza Strip have actually killed a minimum of 30 Palestinians since Monday night, Palestinian media and medics said on Tuesday, as the Israeli...

Israel
Nov 5, 2024

Israeli airstrikes eliminate at least 30 Palestinians in Gaza, medics state

Israeli strikes across the Gaza Strip have killed a minimum of 30 Palestinians because Monday night, Palestinian media and medics said on Tuesday, as the Israeli army...

China
Nov 5, 2024

Iron ore reaches over two-week high up on prospects of more China stimulus

Iron ore futures climbed on Tuesday to their highest levels in more than two weeks, underpinned by growing optimism over additional stimulus from top consumer China, although...

Germany
Nov 5, 2024

State of mind in German chemicals sector brightens on electrical power assistance, finds Ifo

Business environment in Germany's chemical market enhanced significantly in October, though it was still in negative area, as business pin their hopes on the government's electrical energy...

Pakistan
Nov 5, 2024

Shooting in Pakistan's Karachi hurts two Chinese nationals

2 Chinese nationals were shot at and injured on Tuesday in Pakistan's business hub of Karachi, authorities and healthcare facility officials stated, after a string of attacks...

Germany
Nov 5, 2024

Uniper starts repaying Germany for $14.7 billion bailout

Stateowned energy Uniper has actually started repaying Germany for a 13.5 billion euro ($ 14.7 billion) bailout it received throughout Europe's energy crisis, saying on Tuesday it...

United States
Nov 5, 2024

Europe's October LNG imports show rare increase, Asia's dip: Russell

Europe's. imports of liquefied natural gas increased in October for the first. month in 10 while those in Asia dropped for the first time given that. June,...

Saudi Arabia
Nov 5, 2024

Saudi Aramco reports 15% drop in Q3 earnings however keeps dividend

Saudi oil giant Aramco on Tuesday reported a 15.4% drop in thirdquarter profit due to lower crude costs and weaker refining margins, however preserved its generous dividend...

China
Nov 5, 2024

Copper gains on soft dollar; spotlight on US election, China conference

Copper extended gains on Tuesday, helped by a suppressed dollar, while caution prevailed as investors sought to the closelyfought U.S. governmental election and stimulus cues from leading...

Oil & Gas
Nov 5, 2024

TotalEnergies Grows Stake in Two Blocks Offshore Namibia

Africa Oil has completed the farm down of its interests in blocks 2912 and 2913B offshore Namibia, containing the Venus field, to TotalEnergies EP Namibia.The farm down...

Wind Farms
Nov 5, 2024

Sweden Greenlights One, Rejects 13 Offshore Wind Farms

The Swedish government said on Monday it had rejected applications to build 13 offshore wind farms in the Baltic Sea due to defense concerns, while it had...

United Arab Emirates
Nov 5, 2024

UAE non-oil organization activity development gets in October, PMI shows

Development in the United Arab Emirates' nonoil private sector activity enhanced in October as output broadened more dramatically, however demand grew at the slowest rate in 20...

Saudi Arabia
Nov 5, 2024

Saudi non-oil service activity raised by faster brand-new order development in October, PMI shows

The speed of development in Saudi Arabia's. nonoil sector continued to speed up in October, lifted by the. fastest development in brand-new orders given that March, a...