Spain

Spain's Repsol is dealing with an offer to offer a minority stake in a renewable portfolio in the United States as it aims to broaden its footprint in a nation it views as a key market. The move remains in line with the energy firm's strategy to fund its diversity into renewables from its traditional oil and gas core company by offering minority stakes in renewable jobs. We are working on closing our very first renewable possession rotation in this country, Chief Executive Josu Jon Imaz told analysts in a contact Thursday to present the first-quarter results. He did not...

The trading arm for Abu Dhabi National Oil Co (ADNOC) has purchased numerous Juneloading cargoes of Abu Dhabi's Upper Zakum crude in the area market, tightening up Middle East supply, trade sources said on Wednesday. ADNOC Trading has purchased least four cargoes of the medium-high sulphur crude from Exxon Mobil Corp, Omani trading company OQ, Repsol and Aramco Trading at premiums of about $2.20-$ 2.30 a barrel to Dubai quotes, they stated, almost $ 1 a barrel greater than the previous month. ADNOC stated it does not talk about such concerns. The other oil companies typically do not comment on...

A possible reimposition of U.S. oil sanctions on Venezuela next month would stagnate the OPEC-member country's crude output, eliminating the small gains it has actually achieved in recent years, experts stated on Tuesday. Washington said in January it will enable the expiration of a. temporary license it granted last year to Venezuela as part of. negotiations for a fair governmental election if the government. does not allow a globally observed election with. participation of a candidate picked by the opposition. The U.S., which initially enforced oil sanctions on Venezuela in. 2019, in October gave the license that has actually permitted...

Russian exports of liquefied gas (LNG) increased 4.3% in the very first quarter to 8.7 million metric heaps from a year earlier, with an increase in supply to the European Union and less going to Asia, Kommersant daily reported on Monday mentioning Kpler information. Russia has been cranking up supply of sea-borne very cooled LNG to make up for a fall in pipeline gas exports to Europe, which has drastically reduced its energy reliance on Moscow following the start of the conflict in Ukraine in February 2022. Russian LNG, unlike oil, has not been under Western sanctions. According to Kommersant,...

The following quotes, mergers, acquisitions and disposals were reported by 2000 GMT on Monday: ** The Spanish government has actually acquired a 3% stake in telecoms group Telefonica through the state holding business SEPI, SEPI stated after it reported the acquisition to the stock market regulator. ** EU antitrust regulators cautioned that Lufthansa's. objective to buy a minority stake in ITA Airways could hurt. competition and rise prices, triggering Italy and the German. airline to come up with remedies in the coming weeks. ** AbbVie will purchase drug designer Landos. Biopharma for up to $212 million as the Humira-maker. goals...

Norway holds its first auction on Monday for the right to build an industrial overseas wind farm, providing to 1.5 gigawatt (GW) of capability, although interest has receded amid high project costs and there is still a threat of no bids being made. I wish for a great auction with several strong gamers who wish to develop overseas wind at Soerlige Nordsjoe II, Astrid Bergmaal, state secretary at Norway's energy ministry, told . Soerlige Nordsjoe II is close to Norway's North Sea border with Denmark and some 200 kilometres (124 miles) from Norwegian shores. It is part of the federal...

European stocks made a downbeat begin to the second quarter, pressed by health care shares, while investors parsed inflation data from the continent's. biggest economy Germany for hints on the timing of European. Central Bank rate of interest cuts. The continent-wide STOXX 600 closed 0.8% lower on. Tuesday, slipping to a one-week low after hitting an all-time. intraday high, with financiers returning after an extended. weekend and the Easter vacation. Speculation about imminent rates of interest cuts has persuaded. investors to purchase into risky properties in current weeks, even as the. benchmark index trades close to tape highs after notching...

The following Spanish stocks may be impacted by paper reports and other aspects on Friday. has actually not verified the newspaper reports, and can not vouch for their accuracy: FERROVIAL The business said on Thursday it had executed a buy-back program for up to 500 million euros ($ 535.50 million). MELIA Banco Santander, through an investment lorry, took 38.2% in the share capital of Melia's unit Adprotel Hair, the hotel chain stated on Thursday. Individually, Melia will run, under its brand Melia Collection, a hotel in Spain's southern city of Ronda after an financial investment of five million euros ($...

Spanish police have actually apprehended two individuals and robbed numerous homes in Madrid as part of an examination into presumed cash laundering connected to the Venezuelan government, Spain's High Court stated on Friday. The operation was carried out at the demand of examining judge Joaquin Gadea as part of a probe he is conducting in cooperation with authorities in Portugal and the United States, according to the court. The court stated it was investigating suspects connected to the Venezuelan federal government for supposed criminal activities of money laundering, international bribery and criminal association. The names of those apprehended on Friday...

Venezuela's oil exports in March increased to the highest level considering that early 2020 as consumers rushed to finish purchases ahead of the likely expiration of a. temporary U.S. license that has allowed the country to easily. offer its crude, according to delivering documents and information. Venezuela's state-run oil company PDVSA has stated it is prepared. for any scenario, consisting of the possible return of full oil. sanctions when the existing license ends on April 18. Washington has actually signaled it could reimpose oil sanctions. ahead of Venezuelan presidential elections later on this year that. lots of nations have actually...

Spanish holding automobile Requirements remains in discussions with an investor group that has been speaking with some of Spanish energy supplier Naturgy's. core shareholders over a possible collaboration contract,. Requirements said on Tuesday. Earlier, newspaper Cinco Dias mentioned unidentified market. sources as stating that Abu Dhabi's TAQA was in conversation with. Naturgy's 3 biggest investors, consisting of. Criteria, over a possible takeover. Requirements stated it was not part of the talks in between the third. party and other Naturgy shareholders, and might not supply any. info in this respect. The discussions with an investor,. which it did not identify, were...

Liquefied natural gas ( LNG) exporter Venture Global LNG on Thursday provided to U.S. regulators a proposed protective order seeking to keep documents on the construction of a Louisiana export facility personal. The request will test the Federal Energy Regulatory Commission's (FERC) determination to back a call by Endeavor Global LNG's customers to need the business to divulge details on the plant's startup and repair work. Endeavor Global has said it would not make the info readily available unless purchased to do so . FERC had actually given Endeavor Global 5 days to supply the proposed order that sets out...

Malaysian palm oil futures were little change on Friday but logged a 4th consecutive week of losses, as declining exports and lower soybean oil costs weighed. The benchmark palm oil agreement for July delivery on the Bursa Malaysia Derivatives Exchange closed down 4 ringgit, or 0.10%, to 3,842 ringgit ($ 810.89) per metric ton. The agreement lost 1.39% today. Although production in Malaysia has actually started improving, palm oil exports on the planet's second-biggest producer were falling, a Mumbai-based trader with a worldwide trade home said. April exports were down ... this is weighing on sentiment. The price drop in...

Malaysian palm oil futures fell on Friday, heading for a fourth successive week of losses, as declining exports and lower soybean oil costs weighed. The benchmark palm oil agreement for July delivery on the Bursa Malaysia Derivatives Exchange moved 17 ringgit, or 0.44%, to 3,829 ringgit ($ 808.66) per metric load by the midday break. The agreement has so far lost 1.72% today. Although production in Malaysia has started enhancing, palm oil exports on the planet's second-biggest producer were falling, a Mumbai-based trader with a global trade house stated. April exports were down ... this is weighing on belief. The...

Malaysian palm oil futures gave up early gains on Friday, setting them on course for a 2nd successive weekly decrease, as traders weighed issues over intensifying stress in the Middle East and slowing palm oil demand. The benchmark palm oil agreement for July shipment on the Bursa Malaysia Derivatives Exchange was unchanged by the midday break. It had actually risen as much as 1.4% throughout early trade. For the week, the contract is poised for a near 7% weekly decrease. The marketplace is keeping track of reports about Israeli rockets attacking a website in Iran, in the current tit-for-tat exchange...

Malaysian palm oil futures snapped a fiveday losing streak on Friday amidst a jump in oil prices, even as the agreement is set for a second consecutive weekly decline. The benchmark palm oil contract for July delivery on the Bursa Malaysia Derivatives Exchange was up 40 ringgit, or 1%, to 4,024 ringgit ($ 840.26) a metric lot in morning trade as of 0232 GMT, ending its longest losing streak considering that early December. The contract, nevertheless, is poised for a near 6% weekly decline. FUNDAMENTALS * Dalian's most-active soyoil agreement rose 0.37%,. while its palm oil agreement was up 0.54%....

Malaysian palm oil futures traded in a tight variety on Thursday after slumping to their lowest in over six weeks, squeezed by expectations of slowing demand after completion of the Eid alFitr joyful season. The benchmark palm oil agreement for July delivery on the Bursa Malaysia Derivatives Exchange dipped 4 ringgit, or 0.1%, to 4,008 ringgit ($ 838.14) a metric lot throughout early trade, hovering near 3,986 ringgit - its least expensive closing level given that March 5. BASICS * India's oilmeal exports in 2023/24 leapt 13% from a year earlier to reach the greatest level in a years as...

Malaysian palm oil futures fell for a fourth straight session on Wednesday to hit their most affordable in six weeks, weighed down by weak need as competitive prices of competing edible oils weighed. The benchmark palm oil agreement for July delivery on the Bursa Malaysia Derivatives Exchange slid 87 ringgit, or 2.14%, to 3,987 ringgit ($ 832.19) a metric load by 0332 GMT, striking its lowest considering that March 6. FUNDAMENTALS * An El Nino weather occasion has ended, Australian weather condition authorities said on Tuesday, including that they doubted if a La Nina phenomenon would form later on this...

Malaysian palm oil futures fell almost 1% on Friday, tracking weakness in Chicago soyoil prices due to sufficient products, and amidst concerns over need because of its premium over competing oils. The benchmark palm oil agreement for June shipment on the Bursa Malaysia Derivatives Exchange fell 39 ringgit, or 0.9%, to 4,279 ringgit ($ 897.63) a metric ton. The contract has lost 1.5% today, after hitting a year high of 4,443 ringgit last week. Palm oil costs are catching up with the current fall in soybean oil rates. After a two-day market closure, palm oil is now adapting to the...

Spain's BBVA will established a brand-new global financing unit focused on tidy innovations and innovation as part of its plans to expand into sustainable company, the lender's Chairman Carlos Torres said on Thursday. He informed a financial online forum on sustainability that a team of around 20 bankers based in New York, London and Madrid would be developed to offer loans and guidance. He did not define just how much the bank would buy the new group. At BBVA, we are huge believers in development as a chauffeur to accomplish decarbonization, Torres stated. Not just we invest in the funds,...

Siemens Energy carried out farreaching due diligence measures prior to its complete takeover of wind turbine unit Siemens Gamesa, its CEO said, rebuffing investor criticism that significant quality concerns that consequently emerged had been overlooked. Siemens Energy's management decided to go on with a 4 billion euro ($ 4.34 billion) bid - which later backfired over faulty components - based upon a sound details basis, Christian Bruch told shareholders at the group's annual general meeting. Previously, investors had actually greatly criticised the business's. management for the botched offer, which has tossed the group into. its biggest crisis to date and...

Malaysian palm oil futures sold a tight range on Tuesday as market individuals waited for monthly production data for further instructions after freight property surveyor information showed a sharp rise in March exports. The benchmark palm oil contract for June delivery on the Bursa Malaysia Derivatives Exchange slipped 0.07% to 4,264 ringgit ($ 898.25) a metric heap by the midday break. The agreement traded between 4,224 ringgit and 4,283 ringgit during the early morning session. Today, Bursa Malaysia unrefined palm oil futures market motions primarily followed rival oilseeds, said a Kuala Lumpur-based trader, including that export data provided some support....

Malaysian palm oil futures fell for a second straight session on Wednesday, ahead of a market vacation, on weaker competing edible and crude oil rates, although a weaker ringgit limited losses. The benchmark palm oil agreement for June shipment on the Bursa Malaysia Derivatives Exchange fell 52 ringgit, or 1.23% to 4,184 ringgit ($ 884.94) a metric ton in morning trade, as of 0230 GMT. It fell 0.33% throughout overnight trade. FUNDAMENTALS * Dalian's most-active soyoil contract fell 1.88%,. while its palm oil agreement lost 1.68%. Soyoil rates. on the Chicago Board of Trade reduced 0.85%. * Soybean and corn...

Malaysian palm oil futures gave up early gains on Tuesday amid profittaking, while weaker rival edible oils and a somewhat more powerful ringgit also weighed on the market. The benchmark palm oil agreement for June shipment on the Bursa Malaysia Derivatives Exchange dipped 1 ringgit, or 0.02%, to 4,246 ringgit ($ 899.58) a metric heap by the midday break after increasing to a high of 4,280 ringgit in early trade. The marketplace is likely taking a breather ... after making large gains from a sluggish rise in production amidst robust exports, stated Sathia Varqa, co-founder of Singapore-based Palm Oil Analytics....