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Chevron tops Q3 earnings estimates with record production after Hess deal
Hess acquisition helps boost Chevron's quarterly profitCash flow grows 20% year-on-year on rise in output'High confidence' free cash flow will keep growing, CFO saysUpstream earnings decline 28% due to lower oil pricesDownstream profit jumps 91%By Sheila Dang HOUSTON, Oct 31 (Reuters)...Reuters
Fri, Oct 31
ANALYSIS-Trump's big nuclear reactor push raises safety concerns
Deal offers US government potential 20% stake in WestinghouseSafety advocates warn of risks due to financial incentivesExperts question workforce capacity for rapid reactor constructionBy Tim McLaughlin and Timothy Gardner Oct 31 (Reuters) - A huge nuclear deal announced by the Trump administrati...Reuters
Fri, Oct 31
US grocers brace for sales dip as food aid set to lapse
Shutdown threatens $8 billion revenue gap for grocersRetailers face inventory and staffing challengesTrade groups urge government action to fund SNAPSmithfield Foods factors SNAP delay into profit outlookBy Leah Douglas and Jessica DiNapoli WASHINGTON, Oct 31 (Reuters) - U.S. grocers and food com...Reuters
Fri, Oct 31
The great AI buildout shows no sign of slowing
AI reshapes industries, boosts productivity across sectorsNvidia surpasses $5 trillion market value, leading AI boomAI's reach extends beyond tech to power and industrial sectorsInvestors shift focus to infrastructure beyond core tech namesBy Akash Sriram Oct 31 (Reuters) - A momentous week i...Reuters
Fri, Oct 31
Newmont CEO says Ghana's fiscal stability key as $900 million gold mine opens
Newmont CEO warns of capital flight from unstable fiscal regimesGhana audits mining firms, plans legal reforms amid commodity boomAhafo North mine to produce up to 325,000 ounces annually, employ 1,000 workersBy Emmanuel Bruce ACCRA, Oct 31 (Reuters) - Fiscal stability and fair tax and royalty sy...Reuters
Fri, Oct 31
Russia-backed sanctioned Indian refiner boosts crude runs to 90%, sources say
EU sanctions curtailed operation earlier in yearNayara owned by Russian entities including sanctioned RosneftRefiner likely to continue buying Russian oil, sources sayBy Nidhi Verma NEW DELHI, Oct 31 (Reuters) - Russia-backed Indian refiner Nayara Energy has ramped up crude processing at its Vadi...Reuters
Fri, Oct 31
China's Li Auto to recall 11,411 MEGA 2024 EVs, market regulator says
BEIJING, Oct 31 (Reuters) - Chinese carmaker Li Auto will recall 11,411 of its MEGA 2024 multi-purpose electric vehicles, a Chinese regulator said in a product recall notice on Friday.MEGA EVs made between February 18 and December 17, 2024, used coolant with insufficient corrosion resistance, which ...Reuters
Fri, Oct 31
Executives say Japan utilities can replace Sakhalin-2 supply if LNG interrupted
US has called on Japan, others to end Russian energy importsJapan, world's No. 2 LNG buyer, has so far resisted, citing energy security, costSakhalin-2 buyers JERA, Tohoku Elec, Kyushu Elec say they can find alternative supplies By Yuka Obayashi and Katya Golubkova TOKYO, Oct 31 (Reuters) - J...Reuters
Fri, Oct 31
South Korea, Philippines agree to better defence, shipbuilding cooperation at APEC
SEOUL, Oct 31 (Reuters) - South Korea President Lee Jae Myung and Philippine President Ferdinand Marcos agreed to deepen cooperation in defence, shipbuilding, and infrastructure at their bilateral talks on the sidelines of the Asia-Pacific Economic Cooperation summit, the Korean presidential office ...Reuters
Fri, Oct 31
Hungary's Orban says he will seek exemption from US oil sanctions
BUDAPEST, Oct 31 (Reuters) - Hungarian Prime Minister Viktor Orban said on Friday he hopes to convince President Donald Trump that Hungary should be exempted from U.S. sanctions on Russian oil because of its high dependence on pipeline networks for its energy supplies. Orban has said he will disc...Reuters
Fri, Oct 31
Miner Fresnillo to acquire Canada's Probe Gold for about $556 million
Fresnillo will pay C$3.65 per share in cashFresnillo to advance Novador project post-acquisitionProbe Gold's largest shareholder Eldorado Gold supports dealOct 31 (Reuters) - Mexican precious metals miner Fresnillo FRES.L has agreed to buy Canada's Probe Gold PRB.TO for C$780 million ($556 m...Reuters
Fri, Oct 31
METALS-London copper dips on firmer dollar, but set for monthly gains
Oct 31 (Reuters) - London copper slipped on Friday as the U.S. dollar firmed, although the metal remained on track for monthly gains amid persistent supply concerns.Three-month copper on the London Metal Exchange CMCU3 declined 0.52% to $10,860 per metric ton by 0714 GMT. It has risen 5.81% so far t...Reuters
Fri, Oct 31
PRECIOUS-Gold slips as dollar firms on Fed rate caution
Traders reduce expectations for 25bp cut in DecemberBullion has gained 4% so far this monthPalladium up more than 1%By Brijesh Patel Oct 31 (Reuters) - Gold prices slipped on Friday, as the dollar firmed on uncertainty over further Federal Reserve rate cuts, although the bullion was still set for...Reuters
Fri, Oct 31
BW Energy says preliminary results encouraging for Kharas appraisal well offshore Namibia
CAPE TOWN, Oct 31 (Reuters) - BW Energy BWE.OL said on Friday that preliminary results for its Kharas-1 appraisal well drilled in the Kudu licence offshore Namibia were encouraging, indicating the presence of hydrocarbons.The results follow a string of discoveries by oil companies, including TotalEn...Reuters
Fri, Oct 31
Crude oil price today: WTI price bearish at European opening
West Texas Intermediate (WTI) Oil price falls on Friday, early in the European session. WTI trades at $60.07 per barrel, down from Thursday’s close at $60.12.Brent Oil Exchange Rate (Brent crude) is also shedding ground, trading at $63.95 after its previous daily close at $64.00.Fxstreet
Fri, Oct 31
BW Energy reports encouraging preliminary results for Kharas appraisal well offshore Namibia
CAPE TOWN, Oct 31 (Reuters) - BW Energy BWE.OL announced on Friday that preliminary results for its Kharas-1 appraisal well drilled in the Kudu licence offshore Namibia were encouraging, indicating the presence of hydrocarbons.Reuters
Fri, Oct 31
BW Energy Updates On Kudu Appraisal Well
Oct 31 (Reuters) - BW Energy Ltd BWE.OL:BW ENERGY: UPDATE ON KUDU APPRAISAL WELLKHARAS-1 APPRAISAL WELL, WHICH HAS REACHED TOTAL DEPTH AND DRILLED MULTIPLE FORMATIONS PRESENT ACROSS KUDU LICENSEEARLY ANALYSIS INDICATES THAT K1 INTERVAL MAY CONTAIN HYDROCARBONS WETTER THAN DRY GASA FOLLOW-UP APPRAISA...Reuters
Fri, Oct 31
