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Germany's offshore wind roll-out stalls in H1, lobbies want auction design reforms
FRANKFURT, July 23 (Reuters) - Germany left installed offshore power wind capacity unchanged in the first half of 2025 and industry groups on Wednesday urged the government to introduce improved auction measures this year to ensure more turbine additions.As of June 30, 2025, the country had 9.2 giga...Reuters
Wed, Jul 23
Equinor sees risk of tighter European gas market in autumn, winter
OSLO, July 23 (Reuters) - The lower filling levels so far this year of European gas storages could lead to a tighter market for natural gas during the upcoming autumn or winter, Equinor EQNR.OL CEO Anders Opedal told Reuters on Wednesday.Reuters
Wed, Jul 23
Blaming Trump, Equinor books a $955 million US offshore wind writedown
Empire Wind 1, South Brooklyn Marine Terminal face $763 million impairmentRegulatory changes impact future US offshore wind projectsTariff raises project's steel cost by £300 millionEquinor halts Empire Wind 2 development plansBy Gwladys Fouche and Nerijus Adomaitis OSLO, July 23 (Reuters) - ...Reuters
Wed, Jul 23
EUROPE GAS-Prices rise as weaker renewable power output drives demand
LONDON, July 23 (Reuters) - Dutch and British wholesale gas prices rose on Wednesday morning as forecasts for weaker production from wind and solar power plants increased demand for gas from power plants.The benchmark Dutch front-month contract at the TTF hub TRNLTTFMc1 was up 0.55 euro at 33.56 eur...Reuters
Wed, Jul 23
METALS-Shanghai metals ease as initial optimism over Beijing's growth pledge fades
By Hongmei Li SINGAPORE, July 23 (Reuters) - Prices of most traded metals on the Shanghai Futures Exchange eased on Wednesday, as initial euphoria over Beijing's recent pledge to stabilize industrial growth faded and traders kept a close watch on developments in China-U.S. trade talks.SHFE al...Reuters
Wed, Jul 23
Iberdrola Does Not Expect More Capital Increases Until At Least 2030
July 23 (Reuters) - Iberdrola's IBE.MC Executive Chairman Ignacio Sanchez Galan said:NO EXPECTED ADDITIONAL EQUITY NEEDS AT LEAST UNTIL 2030WE ARE NOT GOING TO DO ANY MEANINGFUL ASSET DISPOSALWE WILL NOT USE MONEY RAISED FROM CAPITAL INCREASE TO FINANCE ACQUISITIONSCURRENT TAXATION MAKES NUCLEAR...Reuters
Wed, Jul 23
Blaming Trump, Equinor makes $955 million US offshore wind writedown
Empire Wind 1, South Brooklyn Marine Terminal face $763 million impairmentRegulatory changes impact future US offshore wind projectsEquinor halts Empire Wind 2 development plansBy Gwladys Fouche OSLO, July 23 (Reuters) - Norway's Equinor EQNR.OL booked on Wednesday a $955 million impairment o...Reuters
Wed, Jul 23
TABLE-UAE's Fujairah oil inventory data for week ended July 21
July 23 (Reuters) - The Fujairah Oil Industry Zone published the following inventory data for oil products for the week ended July 21, according to industry information service S&P Global Commodity Insights.Volumes are in thousands of barrels. Figures in brackets represent the volume change from...Reuters
Wed, Jul 23
Iberdrola hired Barclays to sell assets in Mexico for $4.70 billion, El Confidencial says
July 23 (Reuters) - Europe's largest utility Iberdrola IBE.MC hired investment bank Barclays to sell 15 renewable power plants in Mexico to exit the country, Spanish news website El Confidencial reported on Wednesday, citing unnamed sources close to the operation.Iberdrola's assets are worth...Reuters
Wed, Jul 23
PRECIOUS-Gold eases as US-Japan trade deal lifts risk appetite; weak dollar caps losses
Dollar languishes near two-week lowAsian shares rise as Trump announces Japan trade dealUS, China to discuss tariff deadline extensionBy Brijesh Patel July 23 (Reuters) - Gold eased on Wednesday as risk appetite improved after U.S. President Donald Trump announced a trade deal with Japan ahead of...Reuters
Wed, Jul 23
GRAINS-Wheat rises after Russia trims its harvest estimate
CANBERRA, July 23 (Reuters) - Chicago wheat futures rose on Wednesday, extending gains from the previous session, after top exporter Russia trimmed its harvest and export forecasts, but gains were limited by ample global supply.Soybean futures climbed following a decline in U.S. crop ratings and hop...Reuters
Wed, Jul 23
TECHNICALS-CBOT soybeans may climb to $10.37-1/4
For more technical analyses, please click SINGAPORE, July 23 (Reuters) - The CBOT soybean November contract SX25 may climb to $10.37-1/4 per bushel, as it stabilized around support at $10.22.The contract failed twice to break the support. The failures paved the way for a small double-bottom to form,...Reuters
Wed, Jul 23
UK's FRC Launches Investigation into Deloitte's Audit of Glencore & Unit Glencore Energy UK, Says Website
July 23 (Reuters) - UK's FRC: UK'S FRC: INVESTIGATION REGARDING AUDIT OF GLENCORE AND ITS SUBSIDIARY GLENCORE ENERGY UK LIMITED BY DELOITTE LLP - WEBSITEUK'S FRC: INVESTIGATION REGARDING GLENCORE AUDITS FOR FINANCIAL YEARS ENDED 31 DECEMBER 2013 TO 31 DECEMBER 2020Source text: [ID:]Reuters
Wed, Jul 23
Fresnillo Says Gold Production Trending Towards Upper End Of Co's Full-Year Guidance
July 23 (Reuters) - Fresnillo PLC FRES.L:FRESNILLO PLC - SECOND QUARTER PRODUCTION REPORTFRESNILLO PLC: GOLD PRODUCTION IS TRENDING TOWARDS UPPER END OF OUR FULL-YEAR GUIDANCEFRESNILLO PLC: SILVER PRODUCTION REMAINS IN LINE WITH FULL-YEAR GUIDANCEReuters
Wed, Jul 23
Trump says Japan, US to form LNG joint venture
Trump said Japan, US to form joint venture for Alaskan LNGNot clear if Trump was referring to proposed $44 billion Alaska LNG projectMETI is working to confirm the facts, official saysJERA, Tokyo Gas previously expresses cautious interestBy Yuka Obayashi and Katya Golubkova TOKYO, July 23 (Reuter...Reuters
Wed, Jul 23
BREAKINGVIEWS-Japan trade deal breaks US tariff template
By Una Galani HONG KONG, July 23 (Reuters Breakingviews) - Everything is up for grabs. That's the takeaway from the U.S.-Japan trade pact Donald Trump and Shigeru Ishiba revealed on Wednesday. By setting tariffs on U.S. imports from the Asian country at 15%, including autos, the U.S. presiden...Reuters
Wed, Jul 23
Russia begins major naval drills in the Pacific and Arctic oceans and the Baltic Sea
MOSCOW, July 23 (Reuters) - Russia on Wednesday began major navy drills involving more than 150 vessels and 15,000 military personnel in the Pacific and Arctic oceans and in the Baltic and Caspian seas, the defence ministry said.The so-called "July Storm" exercise from July 23 to July 27 wil...Reuters
Wed, Jul 23
Marathon refinery in Texas restarts diesel, gasoline units, sources say
By Erwin SebaHOUSTON, July 22 (Reuters) - Marathon restarted a diesel-producing unit and the gasoline-producing unit at its 631,000 barrel-per-day (bpd) Galveston Bay Refinery in Texas City, Texas, people familiar with plant operations said on Tuesday.The refinery’s 64,000-bpd residual hydrotreater ...Reuters
Wed, Jul 23
Equinor makes $955 million US offshore wind writedown
By Gwladys Fouche OSLO, July 23 (Reuters) - Norway's Equinor EQNR.OL said on Wednesday it booked a $955 million impairment on an offshore wind project in the United States, despite the lifting of an earlier ban on its construction by President Donald Trump's administration.In April, Inter...Reuters
Wed, Jul 23
