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Bucharest to assess planned sale of Lukoil's Romanian assets, energy ministry says
BUCHAREST, Oct 30 (Reuters) - Romania will assess the planned sale of the assets held by Russia's Lukoil in the country, including roughly 320 petrol stations and a refinery, to ensure it complies with European Union sanctions and the country's own energy security norms, the energy ministry ...Reuters
Thu, Oct 30
Enterprise Products quarterly profit dips on lower margins; boosts buyback to $5 bln
Oct 30 (Reuters) - Enterprise Products Partners EPD.N reported lower-than-expected quarterly core profit on Wednesday, as weaker results from its natural gas and liquids businesses offset strength in petrochemicals and refined products.Enterprise also said its board increased the authorized size of ...Reuters
Thu, Oct 30
Energy secretary Wright says US is ready to sell more oil and gas to China, Bloomberg reports
Oct 30 (Reuters) - Energy Secretary Chris Wright said the U.S. is prepared to sell more oil and natural gas to China if Beijing reduces purchases from Russia, Bloomberg News reported on Thursday."There's so much space for mutually beneficial deals between the U.S. and China," Wright said...Reuters
Thu, Oct 30
Utility WEC Energy beats profit on stronger power demand
Oct 30 (Reuters) - WEC Energy Group on Thursday beat Wall Street expectations for third-quarter profit and posted a 13% rise in net income, as the utility benefited from increased electricity demand across customer segments.Power demand in the United States is expected to hit record highs in 2025 an...Reuters
Thu, Oct 30
Patrick Industries Q3 sales beat on organic growth, acquisitions
OverviewPatrick Industries Q3 net sales rise 6% to $976 mln, beating analyst expectationsAdjusted EPS for Q3 beats consensus, reflecting strong underlying performanceAdjusted EBITDA for Q3 beats analyst estimates, indicating operational strengthOutlookPatrick Industries expects operational investmen...Reuters
Thu, Oct 30
DTE Energy adds $6.5 billion to five-year spending plan on data center power demand
Oct 30 - DTE Energy DTE.N on Thursday raised its five-year capital investment plan by $6.5 billion to $36.5 billion, driven by growing electricity demand from data centers and efforts to modernize its utility assets. DTE also reported third-quarter profit that beat Wall Street expectations, helped b...Reuters
Thu, Oct 30
BP signs agreement with Gabon to explore for offshore oil and gas
CAPE TOWN, Oct 30 (Reuters) - Oil major BP BP.L has signed an agreement to explore for oil and gas offshore in Gabon, a company spokesperson said on Thursday."BP can confirm it has entered into a memorandum of understanding with the government of Gabon to explore for offshore oil and gas."On...Reuters
Thu, Oct 30
China to buy 12 million metric tons of soybeans this season, Bessent says
WASHINGTON, Oct 30 (Reuters) - U.S. Treasury Secretary Scott Bessent said on Thursday that China has agreed to buy 12 million metric tons of American soybeans during the current season through January and has committed to buying 25 million tons annually for the next three years as part of a larger t...Reuters
Thu, Oct 30
China-US trade deal could be signed next week, US Treasury's Bessent says
Oct 30 (Reuters) - The U.S. and China could sign a trade agreement as soon as next week, U.S. Treasury Secretary Scott Bessent said on Thursday following President Donald Trump's meeting with his Chinese counterpart Xi Jinping."The Kuala Lumpur agreement was finished in the middle of the nig...Reuters
Thu, Oct 30
Xcel Energy misses quarterly profit estimates on higher interest charges, expenses
Oct 30 (Reuters) - U.S. utility Xcel Energy XEL.O missed third-quarter profit estimates on Thursday, hurt by higher interest charges as well as operating and maintenance expenses.Higher-for-longer interest rates can put pressure on utilities by raising the cost for constructing and maintaining infra...Reuters
Thu, Oct 30
PBF Energy posts smaller-than-expected loss as refining margins improve
Oct 30 (Reuters) - PBF Energy PBF.N posted a smaller-than-expected quarterly loss on Thursday, as higher margins helped the U.S. refiner offset downtime at its fire-hit Martinez refinery in California.U.S. refining margins have risen from multi-year lows, rebounding after last year's slump when ...Reuters
Thu, Oct 30
Exxon jitters send Mozambique's international bond tumbling
By Colleen Goko and Marc Jones JOHANNESBURG/LONDON, Oct 30 (Reuters) - Mozambique's sole international bond tumbled on Thursday after ExxonMobil XOM.N executives abruptly cancelled a media appearance with the country's president the previous day.The cabinet's sign-off on firm Alvarez ...Reuters
Thu, Oct 30
PRECIOUS-Gold climbs 2% on Fed rate cut as investors weigh US-China trade talks
Trump says tariffs on China cut to 47% from 57%US Federal Reserve delivers 25-bp rate cutPalladium gains 3%By Ishaan Arora Oct 30 (Reuters) - Gold prices jumped 2% on Thursday, helped by dollar weakness after a Federal Reserve rate cut and as investors remained uncertain regarding the outcome of ...Reuters
Thu, Oct 30
Vulcan Q3 revenue and EBITDA beat estimates
OverviewVulcan Q3 revenue beats analyst expectations, driven by improved demand and favorable weatherAdjusted EBITDA for Q3 exceeds estimates, reflecting operational efficiencies and strategic pricingCompany sells Houston asphalt assets, aligning with aggregates-led strategyOutlookVulcan projects 20...Reuters
Thu, Oct 30
Builders FirstSource forecasts 2025 sales of $15.1 bln-$15.4 bln
OverviewBuilders FirstSource Q3 net sales fell 6.9% yr/yr, but beat analyst expectationsAdjusted EPS for Q3 beats analyst expectations, despite a weak housing marketAdjusted EBITDA decreased 30.8% yr/yr, driven by lower gross profitOutlookCompany expects 2025 net sales between $15.1 bln and $15.4 bl...Reuters
Thu, Oct 30
Japan's Sojitz begins importing heavy rare earths from Australia
By Yuka Obayashi TOKYO, Oct 30 (Reuters) - Japan's Sojitz 2768.T has begun importing heavy rare earths from Australia's Lynas Rare Earths LYC.AX, Sojitz said on Thursday, the first such imports produced from Australian ore separated and refined in Malaysia.The move aims to help Japan secu...Reuters
Thu, Oct 30
HF Sinclair Q3 adjusted EPS beats expectations on higher refining margins
OverviewHF Sinclair Q3 adjusted EPS beats analyst expectations, indicating strong operational performanceAdjusted EBITDA for Q3 exceeds analyst estimates, driven by improved operating performanceCompany returned $254 mln to shareholders via dividends and share repurchasesOutlookCompany expects to ca...Reuters
Thu, Oct 30
PBF Energy Q3 revenue beats expectations, declares dividend
OverviewPBF Energy Q3 revenue beats analyst expectations, adjusted net income also exceeds estimatesCompany declared quarterly dividend of $0.275 per sharePBF Energy completed sale of terminal assets for $175.4 mlnOutlookPBF expects to generate over $230 mln of annualized savings by year-end 2025Com...Reuters
Thu, Oct 30
