News
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Public Service Enterprise beats profit estimates on higher rates, rising power demand
Nov 3 (Reuters) - Public Service Enterprise Group PEG.N on Monday reported third-quarter earnings that beat Wall Street estimates, helped by higher electric and gas rates and rising power demand across New Jersey.U.S. utilities are benefiting from resilient energy demand and steady rate growth as th...Reuters
Mon, Nov 3
EIB and Iberdrola Agree €500 Million Loan For German Offshore Wind Farm
Nov 3 (Reuters) - EUROPEAN INVESTMENT BANK:SIGNS A €500 MILLION GREEN LOAN TO IBERDROLA FOR THE WINDANKER OFFSHORE WIND FARM, A CLEAN ENERGY PROJECT CURRENTLY UNDER CONSTRUCTION IN THE GERMAN BALTIC SEASAYS WINDANKER WILL CONTRIBUTE 315 MW OF OFFSHORE WIND CAPACITY—ENOUGH TO SUPPLY RENEWABLE ELECTRI...Reuters
Mon, Nov 3
Energy leaders see strong demand ahead, warn on investment gaps
OPEC+ maintains flexibility to adjust production decisionsAI and data centers drive energy investment needsVolatility in energy market seen as constant by ADNOC CEO ABU DHABI, Nov 3 (Reuters) - There are good signs for healthy oil demand going into 2026, energy industry leaders said on Monday...Reuters
Mon, Nov 3
EXCLUSIVE-QatarEnergy, Exxon executives warn of Europe exit over climate law
ExxonMobil CEO warns EU law could force exit from EuropeEU law demands climate plan aligned with Paris Agreement, Woods saysQatar threatens again to halt LNG supply to Europe over sustainability lawBy Maha El Dahan ABU DHABI, Nov 3 (Reuters) - Executives at two of Europe's top gas suppliers, ...Reuters
Mon, Nov 3
Insured losses from Hurricane Melissa estimated at up to $4.2 billion, says Verisk
Nov 3 (Reuters) - Insured losses from Hurricane Melissa's strike on Jamaica are expected to range between $2.2 billion and $4.2 billion, according to estimates from data analytics firm Verisk VRSK.O.The Category 5 hurricane made landfall in southwestern Jamaica last week, the Caribbean nation...Reuters
Mon, Nov 3
Spanish black olive exporters urge EU to hit back on US tariffs
Exporters urge EU to use WTO-authorised measuresUS vows to keep measures protecting its growersBrussels considering next steps By Corina Pons MADRID, Nov 3 (Reuters) - Spanish black olive exporters have called on the EU to hit back at steep tariffs imposed under U.S. President Donald Trump, using...Reuters
Mon, Nov 3
Utility firm PSEG beats Q3 profit expectations on higher power pricing
OverviewPSEG Q3 adjusted EPS of $1.13 beats analyst expectationsNet income for Q3 rises to $622 mln from $520 mln in 2024Company narrows 2025 non-GAAP earnings guidance to $4.00-$4.06 per shareOutlookPSEG narrows 2025 non-GAAP operating earnings guidance to $4.00-$4.06 per shareCompany reaffirms 5%-...Reuters
Mon, Nov 3
PRECIOUS-Gold steadies as investors await US private payroll data
US ADP employment data due on WednesdayChina cuts gold tax exemption for some retailersDollar holds near three-month peakBy Brijesh Patel Nov 3 (Reuters) - Gold prices held steady on Monday as the dollar hovered near a three-month high while traders awaited U.S. private payroll data for further c...Reuters
Mon, Nov 3
Gold trades steady near $4,000 as firm US Dollar and risk-on mood limit upside
Gold (XAU/USD) kicks off the week on a cautious footing, oscillating within its established $3,900-$4,050 range as traders weigh an evolving macroeconomic backdrop. At the time of writing, XAU/USD is trading around $4,008 after briefly slipping to $3,962 earlier in the Asian session.
Fxstreet
Mon, Nov 3
PRECIOUS-Gold steadies as investors await US private payroll data
US ADP employment data due on WednesdayChina cuts gold tax exemption for some retailersDollar holds near three-month peakBy Brijesh Patel Nov 3 (Reuters) - Gold prices held steady on Monday as the dollar hovered near a three-month high, while traders awaited U.S. private payroll data for further ...Reuters
Mon, Nov 3
US energy official says Russian sanctions will not drastically impact allies
ABU DHABI, Nov 3 (Reuters) - The U.S. Department of Energy's deputy secretary, James Danly, said that the impact of Russian sanctions will not be felt drastically by allies and friends.Speaking at the ADIPEC energy conference in Abu Dhabi, Danly also said that it is difficult to predict the effe...Reuters
Mon, Nov 3
Silver Price Forecast: XAG/USD wobbles around $48.70 at the start of US data-packed week
Silver price (XAG/USD) consolidates in a tight range around $48.70 during the European trading session on Monday. The white metal starts the week on a calm note as investors await a slew of United States (US) economic data releasing this week.
Fxstreet
Mon, Nov 3
Sinopec in talks to buy China's leading jet fuel distributor, Bloomberg News reports
Nov 3 (Reuters) - The world's largest refiner by capacity, Sinopec Group 0386.HK, is in talks to buy the country's dominant jet fuel distributor, China National Aviation Fuel Group (CNAF) in a government-initiated move, Bloomberg News reported on Monday.Talks are ongoing, with no set timelin...Reuters
Mon, Nov 3
US deputy energy secretary: I don't think there will be an oil glut in 2026
ABU DHABI, Nov 3 (Reuters) - The U.S. Department of Energy's deputy secretary, James Danly, said on Monday that he does not think there will be an oil glut in 2026."We have a demand signal for energy that is going up rapidly", Danly said at the ADIPEC energy conference in Abu Dhabi.Reuters
Mon, Nov 3
Morgan Stanley lifts H1 2026 Brent forecast to $60 on OPEC+ pause, Russia sanctions
Nov 3 (Reuters) - Morgan Stanley on Monday raised its Brent crude forecast for the first half of 2026 to $60 a barrel from $57.5, citing the decision by OPEC+ to pause quota hikes in the first quarter of next year and recent U.S. and EU sanctions on Russian oil assets.The bank expects a "substan...Reuters
Mon, Nov 3
Gold Price Forecast: Bulls remain capped below $4,045 resistance
Gold (XAU/USD) has bounced from last week's lows below the $3,900 level, yet bulls remain unable to confirm above a previous support area around $4,045 (October 24 low), which leaves price action fluctuating without a clear bias around the $4,000 level on Monday,, with investors awaiting US manufactFxstreet
Mon, Nov 3
TotalEnergies CEO says electricity is best hedge against oil and gas volatility
Total aims for power to reach 20% of sales mix by 2030CEO says gas more expensive, oil demand growth slowingAI, Data boom requires more powerRenewables expansion allows for growth in gas salesBy America Hernandez and Yousef Saba ABU DHABI/PARIS, Nov 3 - TotalEnergies' TTEF.PA increasing inves...Reuters
Mon, Nov 3
