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Marked decline in Russian Oil exports – Commerzbank
The US sanctions against Russia's two largest Oil companies announced by US President Trump two weeks ago are now apparently also having an impact on Russia's seaborne crude Oil exports, Commerzbank's commodity analyst Carsten Fritsch notes.
Fxstreet
Fri, Nov 7
Global Partners Q3 sales miss estimates, net income falls
OverviewGlobal Partners Q3 2025 sales miss analyst expectations, totaling $4.7 blnNet income for Q3 2025 was $29.0 mln, down from $45.9 mln in 2024Wholesale segment product margin grows, while Gasoline Distribution and Station Operations (GDSO) segment margin declinesOutlookCompany did not provide s...Reuters
Fri, Nov 7
UAE's oil trading arm plans rapid global expansion, Bloomberg reports
Nov 7 (Reuters) - Abu Dhabi state oil firm ADNOC's trading unit plans to increase the volume it handles by two-thirds over the next few years as part of its international expansion, Bloomberg News reported on Friday, citing its CEO.ADNOC has been stepping up its global expansion in recent years ...Reuters
Fri, Nov 7
India's Petronet LNG to get 500,000 T LNG from Exxon in 2026 under new deal
By Nidhi VermaNEW DELHI, Nov 7 (Reuters) - India's top gas importer Petronet LNG PLNG.NS will receive 500,000 tons of liquefied natural gas (LNG) in 2026 in its 1.2 million ton per year supply deal with ExxonMobil XOM.N from Australia's Gorgon project, its managing director said on Friday.Pe...Reuters
Fri, Nov 7
Lukoil's Finnish fuel stations are running dry due to sanctions, daily HS reports
HELSINKI, Nov 7 (Reuters) - Finnish petrol station chain Teboil, owned by Russia's Lukoil, is running out of fuel as U.S. sanctions against its parent company prevented it from doing business, daily Helsingin Sanomat reported on Friday, citing a Teboil spokesperson.U.S. President Donald Trump on...Reuters
Fri, Nov 7
GRAINS-Soybeans firm as Chinese demand assessed, wheat down
Soybeans firm after Thursday's sharp fallHopes for more Chinese buying from U.S.Wheat falls, corn little changedBy Naveen Thukral and Michael Hogan SINGAPORE/HAMBURG, Nov 7 (Reuters) - Chicago soybean prices firmed on Friday in bargain-buying after sharp falls on Thursday, as traders asse...Reuters
Fri, Nov 7
REFILE-Canada's Enbridge misses third-quarter profit estimates
Nov 7 (Reuters) - Enbridge ENB.TO missed estimates for third-quarter profit on Friday, as the Canadian pipeline operator was hit by higher financing costs.The company reported adjusted profit of 46 Canadian cents per share for the quarter ended September 30, missing analysts' average expectation...Reuters
Fri, Nov 7
Boralex Q3 revenue misses on lower power prices in France
OverviewBoralex Q3 revenue misses analyst expectations, net loss widens year-over-yearCompany reports EBITDA of C$85 mln, down from Q3 2024 due to lower French pricesBoralex commissions 100 MW Apuiat wind farm, boosting installed capacityOutlookBoralex aims to double installed capacity by 2030 with ...Reuters
Fri, Nov 7
PRECIOUS-Gold rises on US rate-cut hopes, government shutdown woes
US private jobs data indicates weak labour marketGold firms above $4,000 per ouncePlatinum, palladium head for weekly fallBy Brijesh Patel Nov 7 (Reuters) - Gold rose on Friday as expectations of more interest rate cuts by the Federal Reserve and concerns over the U.S. economic outlook amid a...Reuters
Fri, Nov 7
PRESS DIGEST-Canada - November 7
Nov 7 (Reuters) - The following are the top stories from selected Canadian newspapers. Reuters has not verified these stories and does not vouch for their accuracy.THE GLOBE AND MAILTC Energy TRP.TO expects to place $8.2 billion worth of projects into service by the end of the year, driven by the su...Reuters
Fri, Nov 7
RPT-BREAKINGVIEWS-Macquarie shareholders are living in the past
By Antony Currie MELBOURNE, Nov 7 (Reuters Breakingviews) - Macquarie's MQG.AX earnings have been coming back down to earth for more than a year. The firm's bottom line for the six months to the end of September fell 21% from the previous half-year period to just under A$1.7 billion ($1....Reuters
Fri, Nov 7
Duke Energy beats quarterly estimates on higher electricity rates
Nov 7 (Reuters) - Utility Duke Energy DUK.N beat Wall Street estimates for third-quarter revenue and profit on Friday, helped by higher electricity rates and strong power demand.With data centers consuming more power amid a wave of industrial electrification and manufacturing growth, electricity cos...Reuters
Fri, Nov 7
Algonquin Power's Q3 adjusted profit rises 10%; names Robert Stefani as CFO
OverviewAlgonquin Q3 adjusted net earnings rise 10% year-over-yearRegulated Services Group net earnings up 61% due to approved rates, favorable weatherCompany appoints Robert Stefani as CFO, effective January 2026OutlookAlgonquin Power aims to become a premium, pure-play regulated utilityCompany con...Reuters
Fri, Nov 7
China ends import suspensions of US logs, three US firms' soybeans
BEIJING, Nov 7 (Reuters) - China will restore three U.S. firms' eligibility to export soybeans to China and remove the suspension of log imports from the United States, effective November 10, the customs administration said on Friday. The three U.S. companies are farmer-owned cooperative CHS CHS...Reuters
Fri, Nov 7
GLOBAL LNG-Asia spot prices flat on ample supply, soft demand
By Emily Chow SINGAPORE, Nov 7 (Reuters) - Asian spot liquefied natural gas prices were flat this week, as ample supplies and soft demand kept a lid on gains.The average LNG price for December delivery into northeast Asia LNG-AS held at $11.10 per million British thermal units (mmBtu), industry s...Reuters
Fri, Nov 7
Pemex reports pipeline leak near Atasta gas processing center
Nov 7 (Reuters) - Mexican state oil company Pemex reported a "containment loss" on a 36-inch (91.44 cm) gas pipeline near its Atasta gas processing center on Thursday.Pemex said in a Facebook post that it was responding to the leak and currently no injuries, environmental damage, or harm to ...Reuters
Fri, Nov 7
Japan to temporarily hike fuel subsidies to smooth tax cut impact
TOKYO, Nov 7 (Reuters) - Japan's industry ministry said on Friday it will temporarily raise gasoline and diesel subsidies from next week in an attempt to smooth the impact of planned tax cuts on the fuels.The country's ruling and opposition parties agreed this week to scrap the gasoline levy...Reuters
Fri, Nov 7
China announces one-year suspension of expanded rare earth export controls
BEIJING, Nov 7 (Reuters) - China suspended an array of export control measures it imposed on October 9, including expanded curbs on some rare earths materials and equipment, as well as lithium battery materials and super-hard materials, the Commerce Ministry said in a statement on Friday.The suspens...Reuters
Fri, Nov 7
Venture Global Announces New Long-Term LNG Sales And Purchase Agreement With Greece
Nov 7 (Reuters) - Venture Global Inc VG.N:VENTURE GLOBAL ANNOUNCES NEW LONG-TERM LNG SALES AND PURCHASE AGREEMENT WITH GREECEVENTURE GLOBAL INC - GREECE TO PURCHASE 0.5 MTPA U.S. LNG FOR 20 YEARSVENTURE GLOBAL INC: UNDER AGREEMENT, ATLANTIC-SEE HAS POTENTIAL TO EXPAND ITS PURCHASE COMMITMENTReuters
Fri, Nov 7
