Crooked Bough News Round-up

— No new articles available.

show more ...

see all...

As of 10/29/24 6:13pm. Last new 9/14/24 2:04pm.

+ Oil extends losses on report of talks to end Lebanon war—Oil prices edged down on Tuesday, after a 6% tumble in the previous session, on a report that Israeli Prime Minister Benjamin Netanyahu will hold a me...

+ Saudi energy minister commits to crude capacity levels and climate targets—Saudi Arabia is committed to maintaining crude capacity at 12.3 million barrels per day, Energy Minister Prince Abulaziz bin Salman said on Tuesday. S...

+ US crude oil inventories expected higher amid slower refinery runs—US crude oil inventory builds likely extended in the week ended Oct. 25, according to an SP Global Commodity Insights survey of analysts, amid an expe...

+ PetroChina’s Q3 profit down 5.3% on fuel sales decline, lower oil prices—Asias largest oil and gas producer PetroChina Co Ltd reported a 5.3% year-on-year decline in third-quarter net profit as weaker fuel sales and lower o...

+ Brazil’s Petrobras Q3 oil production down 8.2%—Oil giant Petrobras oil output in Brazil was down 8.2% year-on-year in the third quarter, to 2.13 million barrels per day (bpd), the state-controlled ...

+ CNOOC Limited Achieves Record High Net Production and Net Profit in Q3 2024—CNOOC Limited (the Counter) and 80883 (RMB Counter), SSE: 600938) today announces its operating results for the third quarter of 2024. In the first th...

+ Eni, BP drilling for oil onshore Libya after 10-year hiatus: NOC—European energy majors Eni and BP have resumed onshore exploration activities in Libya after a 10-year hiatus, the countrys National Oil Corporation s...

+ Middle East Crude-Dubai, Oman’s premiums slump; Total buys another 2 cargoes—Spot premiums for Middle East crude benchmarks Oman and Dubai slumped in volatile trade towards the end of the month, while Murbans premium climbed fo...

+ US seeks up to 3 million barrels of oil for emergency reserve—The U.S. on Monday said it is seeking up to 3 million barrels of oil for the Strategic Petroleum Reserve for delivery through May next year, a purchas...

+ Oil prices little changed though US reserve bid lends support—Oil prices inched up on Tuesday after tumbling 6% in the previous session, as a U.S. plan to buy oil for the Strategic Petroleum Reserve (SPR) provide...

+ The Commodities Feed: Supply risks subside for now—Energy – SPR refill The oil market came under significant pressure yesterday as the market digested Israel’s long-awaited response to Iran’s recent mi...

+ Festivals, agriculture, elections set to boost India’s oil products demand in Q4—Indias appetite for oil products in the October-December quarter is set to get a boost from the upcoming festival season as well as the agricultural s...

+ A ‘tidal wave’ of natural gas supply — the biggest yet — will reshape global markets, says RBC Capital—The biggest influx of liquefied natural gas, or LNG, supply is coming online and it will transform the global market, bringing about wide and enduring...

+ European gas market shows subdued interest in preliminary storage auctions—European natural gas storage auction prices for 2025 capacity point to potential supply risks over coming months that continue to provide support to s...

show more ...

see all...

As of 10/29/24 6:13pm. Last new 10/29/24 5:16pm.

— No new articles available.

show more ...

see all...

As of 10/29/24 6:13pm. Last new 10/18/24 11:50am.

+ Egypt Expects Delayed Russian Wheat Shipment In November, Supply Minister Says—Egypt still expects to receive a delayed shipment of Russian wheat this November, supply minister Sherif Farouk said, after the consignment initially ...

+ Indonesia considers importing 1 mln tons of rice from India next year, minister says—Indonesia is considering a plan to import 1 million metric tons of rice from India in 2025 to secure supply until its main harvest, Coordinating Minis...

+ Canada’s renewable diesel projects hit by US import surge—Canadian renewable fuel producers are facing lower returns on new facilities due to a slump in British Columbias low carbon fuel standard (LCFS) credi...

+ Bangladesh to import two LNG cargoes from TotalEnergies, says RPGCL official—Bangladesh state-owned Petrobangla will procure two spot cargoes of liquefied natural gas (LNG) from French oil major TotalEnergies TTEF.PA, a company...

+ EGYPT DATA: Petcoke imports drop 66% on month in September—Egypts petcoke imports decreased month on month in September, following a 69% increase in August, driven by reduced demand as buyers in Egypt showed l...

+ South Korea’s NOFI buys estimated 136,000 T corn, traders say—Leading South Korean animal feed maker Nonghyup Feed Inc. (NOFI) bought an estimated 136,000 metric tons of animal feed corn to be sourced optionally ...

+ China Aviation Oil seeks Nov jet fuel deliveries to China in a rare move, sources say—China Aviation Oil, a subsidiary of state-owned China National Aviation Fuel Group, is seeking to buy two cargoes of jet fuel for November delivery in...

+ Ethanol production to prevent Indian sugar exports, says trader Wilmar—The increase in ethanol production in India due to higher blending rates will reduce local sugar availability and prevent the country from exporting s...

+ US West Coast refiners boost imports of light Canadian crude—Canadian waterborne exports of light crude to the U.S. West Coast have surged since the Trans Mountain pipeline expansion (TMX) began operating in May...

+ Oil cargo from Mexico en route to Cuba amid power crisis, data shows—A tanker carrying about 400,000 barrels of oil departed from Mexicos Pajaritos port and was on Monday en route to Cuba, where an acute energy crisis h...

+ Ghana eyes fuel imports from Dangote oil refinery—Ghana could buy petroleum products from Nigerias Dangote Oil Refinery once the facility is operating at full capacity, cutting more expensive exports ...

+ Ukraine grain exports soar amid price shifts and supply cuts—The landscape of Ukraines grain exports has been dynamic over the last three months, with prices initially rising at the start of the 2024-25 marketin...

show more ...

see all...

As of 10/29/24 6:13pm. Last new 10/27/24 5:48pm.

+ How our China clients view the US election, economic outlook, and Chinese yuan—Key China trip takeaways Rob Carnell and I spent the last week travelling in Shanghai and Beijing and meeting clients across different sectors to shar...

+ German consumer sentiment on steady path to recovery in November, finds GfK—German consumer sentiment is set to continue to recover heading into November as households are more optimistic about their income prospects, though h...

+ German GDP expected to contract in 2024 and stagnate in 2025, DIHK says—The German economy will contract by 0.2% this year, the German Chamber of Commerce and Industry (DIHK) said on Tuesday, cutting its previous forecast ...

+ China’s Sino-Ocean proposes $4 bln convertible bonds in offshore debt revamp—Chinese property developer Sino-Ocean Group 3377.HK said on Tuesday it planned to issue a total of $4.02 billion of mandatory convertible bonds and pe...

+ Global economy chiefs fret over a Trump return as US election draws closer—Low growth, high debt and escalating wars topped the official agenda at the International Monetary Fund and World Bank annual meetings, but finance le...

+ Fed’s rate cut revives small business optimism and plans to borrow—This past summer, leads for Brian Browns landscaping business near Lake Tahoe were drying up. “We’d put together bids, call clients, and they were lik...

+ No trust’: Germany’s ruling coalition hangs by a thread—Chancellor Olaf Scholz announced this month a summit of industry leaders to discuss how to save Germanys flailing economy. A week later the economy mi...

+ China’s SOEs bulk up for market heavy lifting—With great power comes great responsibility. Consolidation among Chinas state-owned enterprises have picked up as economic growth slows. Its part of B...

+ BOJ on quest for better communication as more rate hikes loom—Aside from the mixed policy signals dropped during his trip to the International Monetary Fund and World Bank meetings in Washington, Bank of Japan Go...

+ European Consumer Goods and Retail Volumes to Increase Slowly in 2025—A combination of slowly recovering sales volumes and mix will lead to low-to-mid single-digit organic revenue growth in the European fast-moving consu...

+ No urgency for ECB to speed up policy easing, Wunsch says—There is no urgency for the European Central Bank to cut interest rates quicker and it could even live with a small, temporary undershoot of its infla...

+ Goldman Sachs, Morgan Stanley CEOs see more dealmaking in 2025—The CEOs of Goldman Sachs GS.N and Morgan Stanley MS.N said on Tuesday they expected corporate dealmaking to pick up in 2025, while the CEO of Apollo ...

+ US goods trade deficit surges to 2-1/2-year high on jump in imports—The U.S. trade deficit in goods widened to a 2-1/2-year high in September amid a surge in imports, prompting some economists to trim their economic gr...

+ A week before US vote, Yellen revives arguments on strong economy—U.S. Treasury Secretary Janet Yellen is seeking to reclaim the narrative on the Biden administrations economic record on Tuesday, arguing that America...

+ How the US election will impact deficits, debt, and the yield curve—This year’s election is set against a backdrop where the government is borrowing the equivalent of 6% of GDP and the national debt totals $35tr.This p...

+ US Tariffs Would Heighten EU’s Growth and Fiscal Challenges—A potential Donald Trump presidency could pose significant trade challenges to the EU, particularly if the US adopts a more restrictive approach to tr...

show more ...

see all...

As of 10/29/24 6:13pm. Last new 10/29/24 7:28am.

— No new articles available.

show more ...

see all...

As of 10/29/24 6:13pm. Last new 10/27/24 2:19pm.

+ The Maersk Klaipeda – is the carrier obliged to protect the receiver against fraud by the shipper?—The English High Court has issued a judgment concerning a carrier’s duty when issuing a bill of lading to check the declared weight of a container. Ma...

+ Guidelines to flexitank safety issued—Steady growth in flexitank usage around the world prompts container owners and specialist insurer to offer safety guidelines to assist shippers, forwa...

show more ...

see all...

As of 10/29/24 6:13pm. Last new 10/29/24 5:16pm.

— No new articles available.

show more ...

see all...

As of 10/29/24 6:13pm. Last new 1/26/24 6:57am.