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Nvidia's top-end chips may be sold as tech evolves, Bessent says
WASHINGTON, Nov 4 (Reuters) - U.S. Treasury Secretary Scott Bessent said on Tuesday he could envision a scenario where Nvidia's advanced Blackwell chips can be sold to China and other countries as technology evolves and better chips are made."There may be a case down the road - I don't k...Reuters
Tue, Nov 4
Great Lakes Dredge Q3 revenue misses; expects no interruption to operations during govt shutdown
OverviewGreat Lakes Q3 2025 revenue of $195.2 mln missed analyst expectationsDredging services provider's adjusted EBITDA for Q3 2025 was $39.3 mln, beating analyst estimatesCompany maintains substantial dredging backlog of $934.5 mln, ensuring future revenueOutlookCompany expects no interruptio...Reuters
Tue, Nov 4
Chile's Codelco 9-month pre-tax profit at $607 mln
SANTIAGO, Nov 4 (Reuters) - Chile's Codelco COBRE.UL, the world's largest copper producer, on Tuesday posted a pre-tax profit of $606.9 million in the nine months to September, slightly below the $612.2 million reported in the same period last year. The state-owned miner said its own output ...Reuters
Tue, Nov 4
TotalEnergies sees oil demand rising until 2040 as energy security outweighs climate concerns
CEO says Paris Agreement climate goals out of reachOil demand expected at 98 million barrels per day in 2050Demand forecast has risen versus last year's reportCEO cites concern over energy security, pricesBy America Hernandez PARIS, Nov 4 - French oil major TotalEnergies TTEF.PA sees global o...Reuters
Tue, Nov 4
RPT-ROI-Asia LNG imports slip on weak China, but Europe gain compensates: Russell
Reuters Open Interest (ROI) is your essential source for global financial commentary. By Clyde RussellLAUNCESTON, Australia, Nov 4 (Reuters) - Asia's imports of liquefied natural gas (LNG) fell in October from the same month a year earlier, as top buyer China extended a run of weakness that has ...Reuters
Tue, Nov 4
BREAKINGVIEWS-Apollo cashes in on Orsted’s offshore wind angst
By Yawen Chen LONDON, Nov 4 (Reuters Breakingviews) - Orsted’s ORSTED.CO latest asset sale shows how the green energy pioneer has become a price-taker in its own transition. The $24 billion Danish group is selling half of its giant offshore wind farm in the UK to Apollo Global Management APO.N fo...Reuters
Tue, Nov 4
OMV CEO warns EU risks losing Qatari gas over sustainability law
VIENNA, Nov 4 (Reuters) - The CEO of Austrian energy firm OMV OMV.VI on Tuesday urged the European Union to reconsoder its sustainability legislation or risk losing Qatar as a gas supplier which would undermine prosperity in the region.Qatar's Energy Minister Saad al-Kaabi, who is also CEO of Qa...Reuters
Tue, Nov 4
New $400 million Israel-Cyprus gas pipeline awaiting government approvals, Energean CEO says
Gas producer Energean signs letter of intentCEO says gas could flow within 12 monthsPipeline capacity of 1 billion cubic metres a yearBy Sarah El Safty ABU DHABI, Nov 4 (Reuters) - A $400 million pipeline to transport natural gas from Israel to Cyprus is awaiting government approval from both cou...Reuters
Tue, Nov 4
Kazakhstan hikes 2025 output forecast for Kashagan and Karachaganak oilfields
ALMATY, Nov 4 (Reuters) - Kazakhstan's state energy company KazMunayGaz has raised its production forecast for the Kashagan and Karachaganak oilfields this year to 18.25 million metric tons (mmt) and to 11.2 mmt respectively, it said on Tuesday.The previous forecast for Kashagan was 17.8 mmt, wh...Reuters
Tue, Nov 4
HSBC expects OPEC+ oil quota increases to accelerate later in 2026
Nov 4 (Reuters) - HSBC expects OPEC+ to accelerate oil output quota increases in the second and third quarters of 2026 as the producer group focuses on regaining market share, the bank said on Tuesday. OPEC+ agreed on Sunday a small oil output increase for December and a pause in increases in the...Reuters
Tue, Nov 4
Iraq cancels Lukoil oil cargoes loading amid sanctions, sources say
LONDON, Nov 4 (Reuters) - Iraq has cancelled the loading of three crude oil cargoes from Lukoil in November, two market sources said on Tuesday citing concerns over U.S. and UK sanctions on the Russian oil major.Iraq's state firm Somo cancelled cargoes from Lukoil's equity production at the ...Reuters
Tue, Nov 4
CPI Card posts higher Q3 sales, profit
OverviewCPI Card Q3 2025 sales up 11% to $138 mln, driven by Arroweye and instant issuanceNet income increased 78% to $2.3 mln, but missed analyst expectationsAdjusted EBITDA decreased 7% to $23.4 mln due to lower gross margins and tariffsOutlookCPI forecasts 2025 net sales growth in low double-digi...Reuters
Tue, Nov 4
PRECIOUS-Gold cuts losses as dollar rally pauses, US data in focus
US ADP employment report due on WednesdayBenchmark U.S. 10-year yields slip from 3-week highBy Brijesh Patel Nov 4 (Reuters) - Gold prices trimmed the session's losses on Tuesday, helped by a pause in the dollar's rally and lower Treasury yields, while investors waited for U.S. economic d...Reuters
Tue, Nov 4
EXCLUSIVE-US not ready to lift Mexican cattle ban over screwworm, Agriculture Secretary Rollins says
Rollins not yet comfortable reopening border to Mexican cattleUS ports have been mostly closed to Mexican livestock since MayRollins says Mexican officials have taken issue "very seriously"Screwworm threatens massive losses to US cattle industryPest's flesh-eating larvae can kill an anim...Reuters
Tue, Nov 4
Marathon Petroleum Q3 profit misses estimates
OverviewMarathon Petroleum Q3 net income rises to $1.4 bln, adjusted EPS misses analyst expectationsCompany reports $3.2 bln adjusted EBITDA, driven by strong Refining & Marketing executionCompany returns $926 mln to shareholders, announces 10% quarterly dividend increaseOutlookMarathon Petroleu...Reuters
Tue, Nov 4
Gunvor CEO Tornqvist: Lukoil assets won't be sold back, Bloomberg News reports
Nov 4 (Reuters) - Commodities trader Gunvor Group is prepared to satisfy any concerns about continued Russian influence over assets it is buying from Russia's Lukoil LKOH.MM, CEO Torbjorn Tornqvist has told Bloomberg News.Last week, Lukoil said it had accepted an offer from Gunvor to buy its for...Reuters
Tue, Nov 4
