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Oil gains, lower US crude stockpiles provide floor
Kurdistan, Chevron export issues supporting oil pricesAPI data shows U.S. crude and gasoline stocks fell last weekIran says crude sales to China should continue irrespective of UN sanctions snap-backBy Seher Dareen LONDON, Sept 24 (Reuters) - Oil prices rose on Wednesday as an industry report sho...Reuters
5 minutes ago
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 the record high hit the day before, as expectations of further U.S. interest rate c...Reuters
13 minutes ago
Iran oil sales to China would continue even if UN sanctions activated, oil minister says
DUBAI, Sept 24 (Reuters) - Iran's oil sales to China would continue even if U.N. sanctions, are reimposed under a so-called snapback mechanism, Iran's Oil Minister Mohsen Paknejad said on Wednesday, as Iran and European powers struggle to reach a deal to avert the sanctions. The foreign mini...Reuters
33 minutes 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
54 minutes ago
EU's Sefcovic to meet USTR Greer to revisit metal tariffs, Bloomberg News reports
Sept 24 (Reuters) - EU trade chief Maros Sefcovic will meet U.S. Trade Representative Jamieson Greer this week on the sidelines of an ASEAN ministerial summit in Kuala Lumpur to restart stalled talks on steel and aluminum export tariffs, Bloomberg News reported on Wednesday.The European Commission h...Reuters
54 minutes ago
New flood fears spook evacuees after Super Typhoon Ragasa kills 17 in Taiwan
Flood from overflowing barrier lake kills 17, most of missing locatedTaiwan 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) - R...Reuters
54 minutes ago
WRAPUP 4-Typhoon Ragasa bears down on China after killing 15 in Taiwan
15 people dead in Taiwan, 17 missing after lake overflowsRoads, beaches, hotel flooded in Hong KongHundreds of south China flights cancelled, shelters openRagasa to hit China's Guangdong ProvinceBy Jessie Pang and David Kirton HONG KONG/SHENZHEN, China, Sept 24 (Reuters) - Typhoon Ragasa, the...Reuters
an hour ago
UN sanctions won't have big impact on Iran oil sales, oil minister says
DUBAI, Sept 24 (Reuters) - The triggering of the United Nations snapback mechanism won't add "new burdensome restrictions" on Iran's oil sales, Oil Minister Mohsen Paknejad said on Wednesday, as Tehran and European powers struggle to reach a deal to prevent the return of U.N. sanctio...Reuters
2 hours 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
2 hours 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
2 hours 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
2 hours 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
2 hours 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
3 hours 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
3 hours 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
3 hours 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
3 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
4 hours ago
