Tenaris posts dip in quarterly net sales
Tenaris, an Italian steel pipe manufacturer, announced on Wednesday a 15% drop in its first-quarter sales to $2.92 Billion. The company reported that the sales were boosted by higher seasonal volumes in Canada, and increased onshore sales in United States. However, their average selling prices declined. The Luxembourg-based firm reported a 29% drop in earnings before interest taxes, depreciation, and amortization (EBITDA), to $696 millions, for the first quarter of 2025. The company said that the reference prices of U.S.
EIA reports that US oil production rose in February, as New Mexico set a record.
The U.S. Energy Information Administration reported on Wednesday that the total crude oil production in the United States increased slightly in February, as Texas and New Mexico, two of its top producers reversed recent declines by pumping more barrels. The data revealed that the oil output of the world's largest producer, Saudi Arabia, rose by about 29,000 barrels a day in February. The data revealed that Texas, the top oil producing state…
The US-Ukraine mineral deal does not specify whether Washington will benefit
According to a draft of the agreement that is expected to be signed on Wednesday, Washington will have preferential access to any new natural resource deals in Ukraine, but it won't automatically give Washington a piece of Ukraine's gas infrastructure or its mineral wealth. The draft outlines the creation of an American-Ukrainian joint fund for reconstruction that will receive 50% from profits and royalties accruing the Ukrainian state as a result of new natural resource permits in Ukraine.
Iberdrola's first quarter net profit beats expectations
Iberdrola, Europe's biggest utility, posted a net profit for the first quarter of 2 billion euro ($2.27 billion), exceeding market expectations. The company's net profit was lower than last year when it reported 2.76 billion euros, which was the amount expected by LSEG analysts. Iberdrola stated that the new tariffs proposed by the U.S. have had "minimal" impacts thanks to its supply-chain management. The company reported that…
Indian Oil signs five-year LNG contract with Trafigura.
Three trade sources confirmed on Wednesday that Indian Oil Corp, the country's largest refiner, had agreed to a five year liquefied gas (LNG), import agreement with Trafigura. The prices will be linked to the U.S. Henry hub benchmark. One source said that Trafigura would supply between three and four LNG cargos this year. From next year onwards, Trafigura is expected to deliver six LNG cargoes per year. Trafigura or Indian Oil did not immediately comment.
First Solar reduces its annual sales and profits forecast due to near-term tariff problems
First Solar lowered their annual sales and profits forecasts on Tuesday, citing near-term challenges due to the ongoing U.S. - China trade war. They also cited a tepid demand for residential solar in the United States. This sent its shares down by 11% after hours trading. The U.S. demand for residential solar has been weakening due to high rates of interest and new metering regulations in California, the top market. These reforms have decreased the credits that customers get when they feed excess electricity into the grid.
Russell: Asia's LNG consumption is muted in April, while Europe's demand eases.
In April, Asia's LNG imports remained muted while Europe began to show signs that the seasonal slowdown was beginning as winter demand dwindled. According to commodity analysts Kpler, Asia is expected to receive 22,40 million metric tonnes of super-chilled fuel in April. It's down from the 22.68 millions tons of March, but it's slightly up on a daily basis because April is one less day than March. It's also lower than the 23,32 million tons recorded in the same month last year.
Palm oil prices fall on a stronger ringgit and weaker competitors
The price of palm oil in Malaysia fell for the second session in a row on Tuesday as the stronger ringgit weighed down on sentiment, along with weaker vegetable oils. At the close, the benchmark palm oil contract on Bursa Malaysia's Derivatives exchange for July delivery fell 25 ringgit (0.63%) to 3,940 Ringgit ($910.98) per metric ton. A Kuala Lumpur based trader reported that palm has continued to fall as a stronger ringgit encouraged heavy selling activity in the market.
Russell: Asia's LNG consumption is muted in April, while Europe is easing up.
In April, Asia's LNG imports remained muted while Europe began to show signs that the seasonal slowdown was beginning as winter demand dwindled. According to commodity analysts Kpler, Asia is expected to receive 22,40 million metric tonnes of super-chilled fuel in April. It's down from the 22.68 millions tons of March, but it's slightly up on a daily basis because April is one less day than March. It's also lower than the 23,32 million tons recorded in the same month last year.
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. Derichebourg Derichebourg established a partnership with LG Energy Solution to create a joint venture for battery recycling in the Northern region of Paris. On Monday evening, power began to return to some parts of the Iberian Peninsula after a massive outage that brought Spain and Portugal to an abrupt halt.
As crude prices fall, investors fear that Big Oil may reduce share buybacks.
Investors will pay attention to the fact that falling oil prices are increasing the risk of dividends and share purchases for the remainder of 2025. Big Oil's efforts to win over Wall Street have been based on reinvesting cash in the form of dividends and stock repurchases. U.S. president Donald Trump's announcements of global tariffs have caused fears of a weaker oil market and a possible recession, leading forecasters to reduce their oil price expectations.
Sources say that Brazil will offer tax incentives to attract data center investment.
Four sources with knowledge of the matter said that the Brazilian Finance Minister Fernando Haddad is planning to start a trip this week to Silicon Valley with a plan designed to attract data centers into his country through the exemption of federal taxes on technology investments. Haddad's visit to California includes a breakfast on May 6 with tech executives in Palo Alto. He will promote Brazil as an infrastructure hub that is sustainable, using the abundant renewable energy available.
JERA, Japan's LNG supplier, may look at Alaska, says exec
JERA, Japan’s largest power generator, could consider Alaska as a possible source of liquefied gas (LNG), according to an executive on Monday. Japanese officials will be heading to the United States for another round in tariff negotiations this week. Alaska LNG, which is a $44 billion project that includes a pipeline, an LNG plant and other components, has been at the forefront of President Donald Trump’s agenda when dealing with Asian partners. He wants Japan, South Korea, and Taiwan to support this massive project.
US sanctions on Serbia's NIS Oil Firm are lifted
The United States has granted a third waiver of sanctions to the Serbian oil company Naftna Industrija Srbije. It is owned by Russia's Gazprom and Gazprom. NIS has a single refinery with a capacity of 4.8 millions tons per year in Serbia. The crude oil supply is sufficient to cover the majority of Balkan countries' needs. On January 10, the Office of Foreign Assets Control of the U.S. Treasury placed sanctions against Russia's oil industry and gave Gazprom a 45-day deadline to sell its NIS shares.
Palm oil gains on stronger edible oils and logs weekly gain
Malaysian palm futures rose Friday, ending a three-week loss streak as higher rival edible oils lifted sentiment. The benchmark contract for palm oil delivery in July on the Bursa Derivatives Exchange rose 22 ringgit or 0.55% to 4,058 Ringgit ($928.60). The contract increased by 2.09% in the last week. A Kuala Lumpur based trader reported that the price of crude palm oil futures was boosted by overnight gains in rival oilseeds. This included Chicago soyoil.
Spot prices remain unchanged as sunny and still weather is expected on Monday
German and French spot price were not traded on Friday morning. A surge in solar energy supply on Monday, and a lower demand because of higher temperatures was expected to offset an expected fall in wind supply. This would put pressure on prices. LSEG data shows that the German and French baseload power prices for Monday were not traded by 0946 GMT. According to LSEG analyst Naser Hachemi, higher renewable production at the weekend will compensate for a week-on-week increase.
Norway's Yara trounces profit estimates despite rising gas costs, tariff concerns
Yara's shares rose 4.7% early in the morning trade after it reported a first-quarter core profit that was well above expectations. This was due to higher volumes and better margins. The company highlighted its ongoing cost reductions, as well as portfolio optimization. It said that this would allow it to continue growing in a nitrogen market which is becoming increasingly tight. Yara has said that natural gas, a vital ingredient in fertiliser, will cost the company $140 million during the second quarter.
RWE has ceased offshore wind activity in the United States
RWE's CEO stated in a speech draft published in advance of the annual general meeting that the company has temporarily halted its offshore wind activities in the United States due to the regulatory uncertainty caused by the Trump administration. Markus Krebber's comments highlight the challenges facing European energy companies on the U.S. Offshore Wind Market, which is a major target of Trump’s energy policy. Trump compared wind turbines earlier this year to "garbage". Following a U.S.
Palm oil prices rise on stronger edible oils and are set to gain weekly
Malaysian palm futures rose on Friday as the market regained confidence after a three-week loss streak. At midday, the benchmark palm oil contract on Bursa Derivatives Exchange for July delivery gained 80 ringgit or 1.98% to 4,116 Ringgit ($940.80), a metric tonne. This week, the contract has increased by 3.55%. A Kuala Lumpur based trader reported that the price of crude palm oil futures was boosted by overnight gains in rival oilseeds.
Indonesia wants fair and square trade in US tariff discussions
Indonesia's senior economic minister, and its top negotiator, said that it is prioritizing its national interests in ongoing negotiations about U.S. Tariffs. It wants to have a "fair-and-square" trade relationship. Airlangga hartarto, head of the delegation, and Sri Mulyani indrawati, finance minister, have been in the United States for the last week, negotiating proposed tariffs of 32% that the U.S. would like to impose upon Indonesia. The tariffs were put on hold for 90-days.
