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PRECIOUS-Gold holds near record high on rate-cut bets, geopolitical tensions
Fed's Powell treads tightrope on future rate cutsTrump says Ukraine can recover all lost territorySilver hovers near 14-year highsBy Ishaan Arora Sept 24 (Reuters) - Gold prices rose on Wednesday to trade near a record high scaled in the last session, as growing expectations of further intere...Reuters
16 minutes ago
Iberdrola Turns "Very Conservative" On Power Generation - CEO
Sept 24 (Reuters) - Iberdrola's IBE.MC Chief Executive Pedro Azagra says:WE ARE TAKING A VERY CONSERVATIVE APPROACH IN POWER GENERATIONIN THE U.S., WE ARE ONLY CONSIDERING THE COMMISSION OF POWER PROJECTS UNDER CONSTRUCTIONIN BRAZIL, WE ARE CONSIDERING NO CAPACITY ADDITIONS IN THE SHORT TERMIN S...Reuters
22 minutes ago
Oil edges up, lower US crude stockpiles provide floor
By Seher Dareen LONDON, Sept 24 (Reuters) - Oil prices inched up on Wednesday as an industry report showed U.S. crude inventories declined last week, adding to a sense in the market of tightening supplies.Brent futures LCOc1 rose 26 cents to $67.89 a barrel by 0810 GMT. U.S. West Texas Intermedia...Reuters
35 minutes ago
Ukraine strikes petrochemical complex in central Russia overnight, says security source
KYIV, Sept 24 (Reuters) - Ukraine's domestic security service carried out a drone strike on the Gazprom Neftekhim Salavat petrochemical plant in central Russia's Bashkortostan region overnight, a security source told Reuters on Wednesday.The strike, which sparked a fire, was the second such ...Reuters
35 minutes ago
Turkey's BOTAS, Mercuria sign 20-year LNG supply deal
ISTANBUL, Sept 24 (Reuters) - Turkish state energy company BOTAS has signed a 20-year deal with Mercuria for the annual supply of around 4 billion cubic metres (bcm) of liquefied natural gas (LNG) starting in 2026, Energy Minister Alparslan Bayraktar said on Wednesday. The deal, signed in New Y...Reuters
36 minutes ago
Russia's Novatek restarts second processing unit at Ust-Luga complex after fire, sources say
MOSCOW, Sept 24 (Reuters) - Russian energy company Novatek NVTK.MM has resumed gas condensate processing at the second unit of its Ust-Luga complex, which was damaged in an August 24 fire caused by a drone attack, three market sources told Reuters.The fire led to a full shutdown of operations, inclu...Reuters
39 minutes ago
Taiwan adjusts down number of missing from typhoon flooding to 17
TAIPEI, Sept 24 (Reuters) - Taiwan's fire department on Wednesday adjusted down to 17 the number of people missing from a flood caused by a typhoon, from 152 given previously, and said one other person had been confirmed dead, bringing the death toll up to 15.Reuters
55 minutes ago
India's EXIM Bank boosts credit to exporters hit by US tariffs, eyes Africa expansion
EXIM Bank ease risk limits on a fourth of its overseas banking partnersThe lender offering shorter-tenure credit for exporters’ working capital needsEXIM Bank shifts focus to commercial trade in AfricaIndian exporters frontloaded shipments to U.S. before tariff deadlineBy Ashwin Manikandan MUMBAI...Reuters
an hour ago
Pakistan's Cnergyico orders second US oil cargo, eyes more
By Ariba Shahid and Sudarshan Varadhan KARACHI/SINGAPORE, Sept 24 (Reuters) - Pakistan's largest oil refiner Cnergyico CNER.PSX has ordered a second shipment of U.S. crude after finding its debut purchase commercially viable, its vice chairman said on Wednesday, paving the way for more import...Reuters
an hour ago
Europe's top utility Iberdrola to invest $120 billion by 2031 in grids shift
To invest 58 billion euros through 2028, 2/3 in power grids Additional 45 billion of investments expected by 2031Targets adjusted net profit of 7.6 billion euros by 2028By Pietro Lombardi MADRID, Sept 24 (Reuters) - Spanish utility Iberdrola IBE.MC is planning more than 100 billion euros ($117 bi...Reuters
an hour ago
TABLE-UAE's Fujairah oil inventory data for week ended September 22
Sept 24 (Reuters) - The Fujairah Oil Industry Zone published the following inventory data for oil products for the week ended September 22, according to industry information service S&P Global Commodity Insights.Volumes are in thousands of barrels. Figures in brackets represent the volume change...Reuters
2 hours ago
Europe's top utility Iberdrola to invest $68 bln with growing focus on US, UK grids
MADRID, Sept 24 (Reuters) - Spanish utility Iberdrola IBE.MC plans to invest 58 billion euros ($68.42 billion) through 2028 with a growing focus on expanding and upgrading power networks in Britain and the United States, it said on Wednesday.The move is in line with its previous pledge to increase a...Reuters
2 hours ago
Ukraine's drones again attack Russia's major petrochemical complex
Ukraine intensifies strikes as peace talks stallSame complex hit last week, Ufa refinery targeted this monthSalavat produces fuels, plastics, ammonia MOSCOW, Sept 24 (Reuters) - The Salavat petrochemical complex, one of Russia's largest which is located in Bashkortostan region, was attacked b...Reuters
2 hours ago
New flood fears spook evacuees after Super Typhoon Ragasa kills 14 in Taiwan
Flood from overflowing barrier lake kills 14, 152 missingTaiwan hit by outer bands of Super Typhoon RagasaRescuers rush to disaster zone in mountainous eastTaiwan's semiconductor industry not affectedBy Yimou Lee, Fabian Hamacher and Ann Wang HUALIEN, Taiwan, Sept 24 (Reuters) - Residents in ...Reuters
2 hours ago
TABLE-North Sea gas maintenance schedule: Adds Cygnus outage
Sept 24 (Reuters) - The following is a schedule of maintenance work on gas infrastructure, mainly in the North Sea.The table is arranged by outage start date.Volumes are in standard million cubic metres per day (mcm/d) or gigawatt-hours per day (GWh/d) unless otherwise indicated.OPERATORLOCATIONOUTA...Reuters
2 hours ago
PRECIOUS-Gold hovers near record high as rate cut hopes, geopolitical risks bolster demand
Fed's Powell strikes middle path on inflation, jobsTrump says Ukraine can retake all its land from RussiaUS Personal Consumption Expenditures index data due on FridayBy Anmol Choubey Sept 24 (Reuters) - Gold prices rose on Wednesday, hovering near record highs, as expectations of further rate...Reuters
2 hours ago
WRAPUP 3-Typhoon Ragasa takes aim at China after leaving 14 dead in Taiwan, lashing Hong Kong
14 people dead in Taiwan, 129 missing after lake overflowsRoads, beaches, hotel flooded in Hong KongHundreds of south China flights cancelled, shelters openedRagasa expected to target China's Guangdong Province nextBy Jessie Pang and David Kirton HONG KONG/SHENZHEN, China, Sept 24 (Reuters) -...Reuters
3 hours ago
CORRECTED-Russia's Salavat petrochemical complex attacked by Ukrainian drones, governor says
MOSCOW, Sept 24 (Reuters) - The Salavat petrochemical complex, controlled by energy giant Gazprom GAZP.MM, in Russia's Bashkortostan was attacked by Ukrainian drones, regional governor Radiy Khabirov said on Wednesday via his channel on Telegram.Emergency services are taking measures to extingui...Reuters
3 hours ago
Crude oil price today: WTI price bearish at European opening
West Texas Intermediate (WTI) Oil price falls on Wednesday, early in the European session. WTI trades at $63.40 per barrel, down from Tuesday’s close at $63.56.Brent Oil Exchange Rate (Brent crude) is also shedding ground, trading at $67.06 after its previous daily close at $67.25.Fxstreet
3 hours ago
