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VEGOILS - Palm rises with short-covering. Firmer palm olein. Chicago soyoil.
The price of Malaysian palm oils futures increased on Wednesday. This was due to traders covering their shorts and the strength of Dalian palm olein, Chicago soyoil, and Dalian palm olein. At midday, the benchmark palm oil contract on Bursa Derivatives Exchange for October delivery gained 66 Ringgit or 1.55% to 4…
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Alstom, a French company, is the market leader in first-quarter sales
Alstom, a French train manufacturer, reported Wednesday slightly higher sales than expected for the first quarter of its fiscal year, due to the ramp-up in Germany of new projects and the continued execution of existing projects in France, Italy, and the U.S. Alstom, a manufacturer of trains and signalling for urban and regional railway networks…
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Iberdrola raises $5.9 billion to fund grid investment
Iberdrola, Europe's biggest utility, announced a capital increase of 5 billion euros ($5.87 billion), to fund power grid investments in Britain and the United States. The company intends to increase its annual investment to 15 billion euros. This is an increase from the current level of 12 billion euros.
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EUROPE GAS-Prices rise as weaker renewable power output drives demand
The Dutch and British wholesale gas price rose on Wednesday morning, as the demand for gas increased due to forecasts of lower production from solar and wind power plants. LSEG data shows that the benchmark Dutch front-month contract was up 0.55 euros at 33.56 Euro per megawatt hour or $11.55/mmBtu at 0813 GMT.
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Naturgy's net profit for the first half of 2010 increases 10% due to higher energy prices
The net profit of Spanish power company Naturgy for the first half rose by 10% compared to the same period last year, exceeding some analysts' expectations as cold weather and international tensions boosted energy prices. Naturgy's shares fell by 1.2% at mid-morning after the Spanish…
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Azeri BTC oil loads at Ceyhan resumed after contamination scare
Azeri BTC crude oils loadings from Turkish port of Ceyhan resumed Wednesday after an increase in checks due to contamination…
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Equinor writes down $955 million in US offshore wind costs, blaming Trump
Equinor, of Norway, booked a $955-million impairment on a project for offshore wind in the United States on Wednesday. The company cited U.S.
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Equinor Q2 Core Profit drops as expected due to lower oil prices
Equinor reported on Wednesday that its second-quarter profits fell by 13% compared to a year ago, as expected, due to the decline in oil prices…
Latest news
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French and Benelux stocks: Factors to watch
Here are some company news and stories that could impact the markets in France and Benelux or even individual stocks. Dassault Aviation AM.PA…
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Woodside's second-quarter revenue beats estimates on Sangomar output; trims 2025 outlook
Australia's Woodside Energy reported a stronger-than-expected 8% rise in second-quarter revenue on Wednesday due to robust…
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Enphase Energy's forecast for third-quarter revenue is below expectations, and shares fall
Enphase Energy's third-quarter revenue was below Wall Street expectations on Tuesday. President Donald Trump's tariffs on…
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Sources say that ConocoPhillips is close to selling Oklahoma assets to Stone Ridge Energy.
Three people with knowledge of the situation said on Tuesday that ConocoPhillips, a U.S. oil producer and gas company, is…
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UN chief calls on tech industry to use renewable energy for data centers
U.N. Secretary-General Antonio Guterres called on tech companies on Tuesday to power data centers using 100% renewable energy by the year 2030.
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Enagas CEO: Europe's hydrogen infrastructure will be delayed by two to three years.
According to the Spanish gas grid operator Enagas, Tuesday's statement, there could be a delay of up to two or three year…
Offshore Oil & Gas
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Ecopetrol Purchases Enel Wind Power Project for $50m
Colombian state oil firm Ecopetrol said on Monday it has purchased a wind power project in the northern province of La Guajira…
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As Wars Rage, Middle East's Waning Influence on World Oil Prices Exposed
The contained move in oil prices during the Israel-Iran war highlights the increasing efficiency of energy markets and fundamental…
Shale Oil & Gas
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Halliburton: Mexico's oil production decline rates will force a reactivation business
Halliburton, a U.S. oilfield services provider, said Tuesday that Mexico's declining oil production rates create pressure…
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Halliburton profits slump on weak drilling demand in North America and the Middle East
Halliburton announced a 33% drop in profits for the second quarter Tuesday due to weak demand in North America, Saudi Arabia, and Kuwait.
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Norway's total oil and gas production beats expectations in June
Norwegian Offshore Directorate, NOD, said that Norway's combined oil-and-gas production in June exceeded the official forecast by 2,3%.
LNG
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Venture Global Produces LNG from Phase 2 of Plaquemines Facility
Venture Global has started producing liquefied natural gas from Phase 2 of its Plaquemines export facility in Louisiana,…
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Equinor Extends Maintenance Outage at Hammerfest LNG Plant
Norway's Equinor has extended the maintenance outage at its Hammerfest LNG terminal, Europe's largest liquefied natural gas export facility…
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Canada's New LNG Exports Have Yet to Lift Gas Prices
Last month's start-up of LNG Canada, the country's first large-scale liquefied natural gas export facility, has failed to…
Renewables
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UN chief calls on tech industry to use renewable energy for data centers
U.N. Secretary-General Antonio Guterres called on tech companies on Tuesday to power data centers using 100% renewable energy by the year 2030.
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Palmettos end higher despite the uncertainty surrounding US trade deals which kept the market volatile
The price of Malaysian palm oils futures rose on Tuesday, despite the fact that the market was volatile due to uncertainty…
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Why China's neighbors are concerned about China's new mega-dam project
China has begun construction on the $170 billion project it claims will be the largest hydropower plant in the world. The…
