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S&P 500 and Dow futures tempered ahead of jobs data, but chips and software stocks rise
S&P 500 futures and Dow futures were little altered on Friday, ahead of an important U.S. employment report that may influence the interest rate outlook. Nasdaq's futures rose as Microchip Technology's and Atlassian’s strong forecasts helped chip and software shares. Wall Street's major indexes are on course for a strong week of gains.
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Dubai rises, Abu Dhabi falls amid Middle East tensions
The UAE stock market closed Friday with a'mixed' result, with modest gains in Dubai being offset by losses in Abu Dhabi. Investors largely ignored corporate earnings and instead focused on the threat of renewed Middle East tensions. Dubai's main stock index rose 0.5%. This was led by an increase of 1.8% in the top lender…
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India fuel retailers claim E20 meets quality standards
According to a statement, India's state run fuel retailers stated that a nationwide test of e20 petrol did not support claims of high chloride contamination or moisture. The fuel quality was within the prescribed limits. HPCL, BPCL and Indian Oil reported that more than 100 samples…
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Baker Hughes: US energy companies leave rig count unchanged for the latest week
?U.S. Energy firms have left the total rig count unchanged for the last week, according to a closely watched report by energy services firm Baker Hughes on Friday. The number of oil and gas drilling rigs, a good indicator of future production, remained unchanged at 588 during the week ending August 7, compared to the previous week.
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Pacific Energy reports that Middle East buyers are interested in LNG cargoes coming from Canada.
The president of Woodfibre's LNG project in Canada said that buyers in the Middle East were looking for liquefied gas from Canada to hedge against geopolitical turmoil. Ratnesh Bedi is the president of Singapore's?Pacific?Energy, which holds a 70% stake on Canada’s Pacific Coast, near Squamish in B.C.
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Bangladesh textile sector reconsiders energy sources after gas crisis
Bangladesh exports around 80% and generates 13% of GDP through its textile industry. Gas is used heavily in the wet processing of clothes…
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In his maiden address, the new Colombian president promises a robust fight against crime and fiscal austerity
Abelardo de La 'Espriella, Colombia's right-wing president was sworn into office on Friday. In his inaugural address, he…
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Trump will host mining CEOs to discuss the administration's desire for minerals in defense supply chains
?U.S. Donald Trump, the president of the United States, will meet with executives of?some?of the largest mining companies…
Latest news
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India increases domestic green ammonia supply to the fertiliser sector
The Solar Energy Corporation of India, owned by the Indian government, is looking to provide an additional 1,000,000 metric…
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The financial week in five charts - Yenterventions, refinery windfalls, and SpaceX's splurge
Open Interest (ROI), every Friday, distills the previous five days' financial data into five charts that highlight the major trends…
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Palmettos slips but still logs weekly gains
Malaysian palm futures closed lower on Friday as a result of sluggish export demand and expectations that stockpiles would increase.
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Trump will host mining CEOs to discuss the administration's desire for minerals in defense supply chains
U.S. president?Donald Trump?will convene executives of?some the world's biggest mining companies?at?the State Department?on Friday.
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The rising price of diesel and supply shortage has caused Southeast Asian palm harvesting to be disrupted.
The?harvesting of palm oil on Southeast Asia's Borneo and Sumatra islands is being disrupted by rising fuel prices and shortages in supply.
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Source: Trump is likely to reject US industry's requests for a faster polysilicon tariff.
Trump's administration will reportedly?spurn? requests from a?few?U.S. Solar?manufacturers are asking for a faster timeline…
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ConocoPhillips claims that any delays in the Qatar LNG project are likely to be limited to a few months.
ConocoPhillips announced on Thursday that it expects any delays to its Qatar LNG project will 'likely' be in the months rather…
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RWE has reached a $1.22 billion deal with US offshore wind leases to cancel them and invest in gas
German energy company RWE announced on Thursday that they had reached an agreement with the Trump Administration to cancel…
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Wildfire costs are spiraling, so EU urges countries to invest in nature
The European Union's Environment Commissioner said on Thursday that it would push its members to invest more in environmental management…
Shale Oil & Gas
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ConocoPhillips claims that any delays in the Qatar LNG project are likely to be limited to a few months.
ConocoPhillips announced on Thursday that it expects any delays to its Qatar LNG project will 'likely' be in the months rather…
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BP will acquire Woodside's Calypso stake
BP announced on Thursday that it had agreed to 'acquire' Woodside Energy, based in Australia, 70% of its interest in the…
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RWE has reached a $1.22 billion deal with US offshore wind leases to cancel them and invest in gas
German energy company RWE announced on Thursday that they had reached an agreement with the Trump Administration to cancel…
LNG
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Egypt Looks to Sign Multi-Year LNG Supply Deal
Egypt is in talks with energy majors including Shell, TotalEnergies and BP to buy 15 to 18 cargoes of liquefied natural gas…
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US LNG Tanker Completes First Direct Sail to China Since Tariff Dispute
A vessel carrying U.S. liquefied natural gas has sailed directly from the U.S. to China for the first time since trade tensions…
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Argent LNG, Naftogaz to Explore US LNG Supply
Argent LNG and Ukraine's state energy company Naftogaz Group have signed a memorandum of understanding to explore long-term U.S.
Renewables
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The rising price of diesel and supply shortage has caused Southeast Asian palm harvesting to be disrupted.
The?harvesting of palm oil on Southeast Asia's Borneo and Sumatra islands is being disrupted by rising fuel prices and shortages in supply.
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Source: Trump is likely to reject US industry's requests for a faster polysilicon tariff.
Trump's administration will reportedly?spurn? requests from a?few?U.S. Solar?manufacturers are asking for a faster timeline…
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Wildfire costs are spiraling, so EU urges countries to invest in nature
The European Union's Environment Commissioner said on Thursday that it would push its members to invest more in environmental management…
