News
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Targa Resources beats profit estimates on record Permian volumes, boosts dividend
Q3 core profit beat estimatesRecord Permian volumes boost profitTarga plans to raise annualized dividend to $5 by 2026By Sumit Saha Nov 5 (Reuters) - Pipeline operator Targa Resources TRGP.N beat estimates for third-quarter adjusted core profit on Wednesday, boosted by record natural gas and liqu...Reuters
Wed, Nov 5
EXCLUSIVE-Poland in talks to import more LNG from US to supply Ukraine, Slovakia
Poland seeks to become import hub for U.S. LNG EU inked deals for U.S. energy following pressure from TrumpUS currently supplies about 55% of EU's LNG By Marek Strzelecki and Anna Hirtenstein WARSAW/LONDON, Nov 5 (Reuters) - Poland is working on a deal to import liquefied natural gas (LNG) fr...Reuters
Wed, Nov 5
US families turn to food banks and relatives as benefits stall
SNAP benefits delayed due to government shutdown, affecting 42 million AmericansRecipients turn to food pantries, share meals to cope with delaysTrump administration to dole out partial benefits under court orderBy Leah Douglas SILVER SPRING, Maryland, Nov 5 (Reuters) - When Daletia Chung, of Mon...Reuters
Wed, Nov 5
PPL Corp sees data center demand jump 40% in Pennsylvania over three-month period
By Laila Kearney and Pranav MathurNov 5 (Reuters) - U.S. electric utility PPL Corp PPL.N signed agreements to connect 20.5 gigawatts of new data center customers in Pennsylvania to its system by the end of the third financial quarter, a 40% increase from the previous quarter, executives with the c...Reuters
Wed, Nov 5
Europe Gasoline/Naphtha-Gasoline cracks rise
LONDON, Nov 5 (Reuters) - Northwest European gasoline profit margins were up $2.34 a barrel at $17.93 on Wednesday after U.S. gasoline stockpiles fell more than expected.A total of 6,000 metric tons of Eurobob E5 gasoline barges traded as Gunvor and Sahara sold to ExxonMobil and MB Energy.Another 5,...Reuters
Wed, Nov 5
German Chancellor Merz says steel industry is of strategic interest to Germany
FRANKFURT, Nov 5 (Reuters) - German Chancellor Friedrich Merz said on Wednesday that the steel industry was of strategic importance to Germany, a day ahead of a summit he is hosting with steel industry leaders."Germany needs the steel industry — competitive, future-proof, modern... It secures jo...Reuters
Wed, Nov 5
Mosaic Says It Has Many Assets Under Review And Several Strategic Talks Ongoing - Conf Call
Nov 5 (Reuters) - Mosaic Co MOS.N:MOSAIC EXPECTS Q4 EARNINGS TO BE HIGHER Y-O-Y -CONF CALLMOSAIC EXPECTS PHOSPHATE SALES TO BE BETWEEN 1.7-1.9 MILLION TONS IN Q4 -CONF CALLMOSAIC EXPECTS A SEQUENTIAL DROP IN Q4 EBITDA - CONF CALLMOSAIC EXPECTS 2025 CASH FLOW TO BE WELL BELOW UNDERLYING CASH‑GENERATI...Reuters
Wed, Nov 5
US Cash Grains-Corn, soybean basis bids remain mixed in Midwest
CHICAGO, Nov 5 (Reuters) - Spot basis bids were mixed for corn and soybeans at grain elevators and processing facilities in the U.S. Midwest on Wednesday, brokers said. Farmers have increasingly been selling corn at or close to the Mississippi River, weighing on bids at river terminals, a broker sai...Reuters
Wed, Nov 5
EU wheat mixed with exports in focus
PARIS, Nov 5 (Reuters) - Euronext wheat futures were mixed on Wednesday as traders weighed an export-boosting drop in the euro and talk of Chinese demand for U.S. wheat against stiff competition from Argentine and Black Sea supplies.December wheat BL2Z5, the most active contract among Euronext's...Reuters
Wed, Nov 5
GRAINS-Soybeans regain ground as China-US truce assessed
Soybeans firm as Beijing trims tariffsWheat, corn tick up Doubts over Chinese demand curb grainsBy Renee Hickman CHICAGO, Nov 5 (Reuters) - Chicago soybeans rose on Wednesday, recovering some of the previous session's losses as Beijing's confirmation that it was cutting tariffs on U.S. fa...Reuters
Wed, Nov 5
Starbucks baristas prep for strike, Bloomberg News reports
Nov 5 (Reuters) - Unionized baristas at Starbucks SBUX.O in the U.S. are preparing to go on strike next week and disrupt one of the coffee chain's busiest days, Bloomberg News reported on Wednesday. Starbucks Workers United said members voted to give leadership the ability to call for a work sto...Reuters
Wed, Nov 5
Georgia voters oust GOP utility commissioners over rising electricity rates
Georgia voters decry escalating electric billsTwo Democrats unseat GOP incumbents on utility commissionJefferies downgrades the stock of Southern CoBy Tim McLaughlin Nov 5 (Reuters) - Georgia voters on Tuesday night unseated two Republican utility commissioners over escalating electricity rates, ...Reuters
Wed, Nov 5
EXCLUSIVE-Poland in talks to import more LNG from U.S. to supply Ukraine, Slovakia
By Marek Strzelecki and Anna HirtensteinWARSAW/LONDON, Nov 5 (Reuters) - Poland is working on a deal to import liquefied natural gas (LNG) from the U.S. to supply Ukraine and Slovakia, a pact that would further tighten the European Union’s ties to American energy, according to two sources familiar w...Reuters
Wed, Nov 5
EU sends warship to Somali coast after suspected pirate attack - sources
LONDON, Nov 5 (Reuters) - The European Union's counter piracy force has deployed a warship to the coast off Somalia after a suspected pirate group tried to target ships in the area, maritime sources said on Wednesday.Armed assailants attacked a commercial tanker off the coast of Mogadishu on Mon...Reuters
Wed, Nov 5
EU wheat steady as euro and China chatter support
PARIS, Nov 5 (Reuters) - Euronext wheat edged up on Wednesday to a two-month high as further weakness in the euro and continuing talk of Chinese demand for U.S. wheat supported the European market.Short-term competition from Argentine wheat in Morocco and Black Sea supplies in Egypt limited gains in...Reuters
Wed, Nov 5
Chevron nears green light to expand Leviathan gas field but Egypt export permit lacking
Leviathan owners signed $35 billion export deal in AugustDeal would underpin Leviathan expansionIsrael energy minister: permit depends on good prices for IsraelBy Shadia Nasralla and Steven Scheer Nov 5 (Reuters) - Chevron CVX.N is nearing a final investment decision for an expansion of the Levia...Reuters
Wed, Nov 5
Oil producers need to step up drilling to sustain output, EIA says
HOUSTON, Nov 5 (Reuters) - Oil and gas producers will need to step up drilling to sustain or increase output due to rapid declines in production from existing wells, the U.S. Energy Information Administration said on Tuesday. WHY IT MATTERS The U.S. is the world's largest producer, wit...Reuters
Wed, Nov 5
Traders send Brazilian coffee to ICE exchange amid stocks drawdown
Shipments could take heat out of near-record-high pricesAll the shipments headed to exchange depots in EuropeBy May Angel and Marcelo TeixeiraLONDON/NEW YORK, Nov 5 (Reuters) - Global traders are shipping about 150,000 60-kg bags of Brazilian arabica coffee to ICE exchange warehouses in Europe, a mo...Reuters
Wed, Nov 5
Petronas, Chevron sign production contracts for offshore areas in Suriname
Nov 5 (Reuters) - Two consortia led separately by Malaysia's Petronas PETRA.UL and U.S. Chevron CVX.N have signed production-sharing contracts with Suriname's Staatsolie to explore and develop two offshore areas in the South American country, the state company said on Wednesday. Unde...Reuters
Wed, Nov 5
EU, China created special channel to ensure rare earth supplies, commissioner says
Nov 5 (Reuters) - The European Union has established a "special channel" of communication with Chinese authorities to secure the flow of rare earth materials vital for EU industries, EU Trade Commissioner Maros Sefcovic said on Wednesday. The move follows China’s export controls on rare eart...Reuters
Wed, Nov 5
