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Enbridge Approves $1.4b Project to Expand Canadian Crude Pipelines into US
Canadian pipeline operator Enbridge on Friday approved a $1.4 billion expansion of its Mainline and Flanagan South pipelines, adding new capacity for Canadian heavy crude into the U.S. Midwest and Gulf Coast.The project adds additional takeaway capacity for Canadian crude and broadens access to U.S.
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Saudi Aramco to Sign US LNG Supply Agreements
Saudi Aramco is set to sign two U.S. liquefied natural gas supply deals with Woodside Energy and Commonwealth LNG when Saudi Arabia's Crown Prince Mohammed bin Salman visits Washington next week, sources familiar with the matter told Reuters.The world's largest oil exporter, Saudi Aramco…
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Orplana CEO: Sugarcane farmers in Brazil's key region are feeling the pinch of low prices
Sugarcane growers in Brazil's central-south region feel the pinch due to low sugar prices. They do not want their crops to expand and may even reduce the area they plant with the crop. Jose Nogueira is the CEO of the cane growers association Orplana. He said this on Friday. Last week, raw sugar futures reached a low of 14,04 cents per lb.
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Wall St hedge funds reduced megacaps in the third quarter
According to the most recent quarterly disclosures, Wall Street's biggest hedge funds have reduced their exposure to certain Magnificent Seven companies, such as Nvidia and Alphabet, and placed new bets on sectors like application software, ecommerce, and payments. The following are some key positions changes made by the funds.
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China finds bigger role as US sidesteps Brazil climate summit
China has stepped into the spotlight as a leader of the global warming fight, with the United States missing the U.N.'s annual climate summit in New York for the first three decades. The country's pavilion dominates the entrance of the sprawling COP30 grounds in Brazil’s Amazonian city of Belem.
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USDA lowers US soya export forecast after China rejects American shipments
U.S. Department of Agriculture reduced its estimate of U.S. soybeans exports for the current crop year on Friday, after China…
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USDA reduces US corn and soybean outlook but farmers will reap record-large corn harvest
Farmers in the United States are expecting to harvest a record corn crop, even though the U.S. Department of Agriculture…
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Kimmeridge, an activist investor, takes a stake in US energy company Devon
Kimmeridge Energy Management, an activist investment firm, has acquired a stake in Devon Energy of the United States. This…
Latest news
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Slovakia imports two-thirds its gas from non-Russian suppliers this year
Denisa Sakova, Minister of Economy, said that Slovakia's dominant importer of gas, SPP, has only received 33% this year, from Russia.
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India permits 1.5 million tons of sugar exports due to higher domestic surplus
India has allowed 1.5 million metric tonnes of sugar to be exported in the new season. The government announced this in a Friday notification…
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Norway loses an appeal over oilfield development
The Norwegian Court of Appeal ruled against the government and in favor of environmentalists on Friday, confirming the lower…
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Russia's Lukoil talks to potential foreign buyers about its assets
Lukoil, Russia's second largest oil producer, said it was in talks on Friday with potential buyers for its foreign assets…
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Saudi Aramco will sign US LNG contracts during the crown prince's Washington visit, sources say
Saudi Aramco will sign two U.S. LNG supply agreements with Woodside Energy & Commonwealth LNG next week when Saudi Arabian…
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EUROPE GAS - European prices rise from 18-month lows as cold weather looms
The Dutch and British gas price rose on Friday morning from a low of 18 months, which was reached a day before. This is because…
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French and German electricity prices will be affected by the diverging wind trends on Monday
French and German power rates are expected to diverge on Monday. Higher wind generation is expected to pressure German spot prices…
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Siemens Energy finds limited synergies in onshore and off-shore wind
Siemens Energy's CEO stated on Friday that there are few synergies to be found between its onshore wind unit and its better performing offshore units.
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Profits at Vallourec rise as expected due to higher sales prices
French steel tube maker Vallourec announced a 12.3% increase in its core profit for the third quarter on Friday. This was…
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French and Benelux stocks: Factors to watch
Here are some company news and stories that could impact the markets in France and Benelux or even individual stocks. ALSTOM…
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China's power generation in October was the highest ever for a month.
Data from the Statistics Bureau showed that China's electricity generation in October was at its highest level in almost three decades.
Shale Oil & Gas
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Saudi Aramco will sign US LNG contracts during the crown prince's Washington visit, sources say
Saudi Aramco will sign two U.S. LNG supply agreements with Woodside Energy & Commonwealth LNG next week when Saudi Arabian…
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Profits at Vallourec rise as expected due to higher sales prices
French steel tube maker Vallourec announced a 12.3% increase in its core profit for the third quarter on Friday. This was…
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French and Benelux stocks: Factors to watch
Here are some company news and stories that could impact the markets in France and Benelux or even individual stocks. ALSTOM…
LNG
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US Natural Gas Futures Reach Eight-Month Peak
U.S. natural gas futures scaled an eight-month peak on Monday, buoyed by robust flows to liquefied natural gas (LNG) export…
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Ukraine Increases US LNG Imports via Poland for Winter
Ukrainian state oil and gas firm Naftogaz said on Friday it was increasing imports of U.S. liquefied natural gas through Polish firm Orlen and U.S.
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Poland Working on Deal to Import US LNG to Support Ukraine, Slovakia
Poland is working on a deal to import liquefied natural gas (LNG) from the U.S. to supply Ukraine and Slovakia, an agreement…
Renewables
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VEGOILS-Palm ends four-week losing streak amid weak demand, elevated stocks
Malaysian palm-oil futures ended Friday on a high note, ending a four week decline despite concerns about a weak demand for…
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EUROPE GAS - European prices rise from 18-month lows as cold weather looms
The Dutch and British gas price rose on Friday morning from a low of 18 months, which was reached a day before. This is because…
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French and German electricity prices will be affected by the diverging wind trends on Monday
French and German power rates are expected to diverge on Monday. Higher wind generation is expected to pressure German spot prices…