By Alex Lawler LONDON (Reuters) -World oil supply is expected to closely match demand next year as the wider OPEC+ group increases production, an OPEC report showed on Monday, marking a change from last month’s outlook, which projected a supply shortfall in 2026. OPEC+ is adding more crude to the market after the Organization of …
OPEC points to smaller 2026 oil supply deficit as OPEC+ pumps more Read More »
By Charlie Conchie and Alexander Hübner LONDON/MUNICH (Reuters) -The anticipated IPO of Deutsche Boerse subsidiary ISS Stoxx is unlikely this year, three people familiar with the matter said, even after Ottobock broke a drought of IPOs in Europe’s biggest economy this month. While Deutsche Boerse has said both a listing of ISS Stoxx and buying …
IPO of Deutsche Boerse’s ISS Stoxx unlikely this year, sources say Read More »
TIRANA (Reuters) -European Commission President Ursula von der Leyen said on Monday private sector deals signed or in the pipeline could unlock about 4 billion euros ($4.63 billion) in new investment as part of an EU growth plan for the Western Balkans region. During a summit in the Albanian capital Tirana between the EU and …
LONDON (Reuters) -Virgin Atlantic named Corneel Koster as its new chief executive on Monday, promoting the current chief operating officer to the top job from next January as incumbent Shai Weiss will step down after seven years at the helm of the UK airline. The company said Weiss had decided to step down but did …
Virgin Atlantic names Koster as new CEO as Weiss to step down Read More »
LONDON (Reuters) -Bank of England policymaker Megan Greene said on Monday that interest rates would probably fall further but there were risks that the broad weakening of inflation pressures in Britain might be slowing. “I think that our monetary policy stance is still restrictive, and so I do think that Bank Rate is still on …
BoE’s Greene sees more rate cuts but fears inflation might fall more slowly Read More »
MOSCOW (Reuters) -Russian oil production rose in September to 9.321 million barrels per day, up 148,000 bpd from August, as the world’s leading oil producing countries continued to ramp up production, OPEC monthly data showed on Monday. Last month’s production was still below Russia’s OPEC+ output quota for September of 9.415 million bpd, however. OPEC+, …
Russian oil output continued to rise in September, OPEC data shows Read More »
LONDON (Reuters) -Eni is aiming to get its gas joint venture with Malaysia’s Petronas up and running some time next year, Guido Brusco, the Italian oil major’s global natural resources chief operating officer, said on Monday. Both firms announced earlier this year they were pressing ahead with the project to develop gas assets in Malaysia …
Eni plans to launch Petronas gas joint venture in 2026 Read More »
By Giuseppe Fonte and Elvira Pollina ROME/MILAN (Reuters) -Italy is at loggerheads with U.S. investment firm KKR over the future of the state-backed firm which manages the country’s main telecom network, four sources close to the matter told Reuters. KKR and Italy’s Treasury finalised a 19 billion euro ($22 billion) deal last year to buy landline …
LONDON (Reuters) -Blackstone said on Monday it would sell about 1 billion pounds ($1.3 billion) of UK logistics assets to Tritax Big Box in exchange for cash and a 9% stake, and was separately weighing a bid for UK self-storage firm Big Yellow. The announcements are part of a wider push in deal activity and …
Blackstone sells $1.3 billion UK logistics assets, considers Big Yellow bid Read More »
By Enes Tunagur LONDON (Reuters) -The International Maritime Organization will meet this week to formally decide whether to impose a carbon emissions price on global shipping, a move supported by an EU-led bloc including Britain, China and Japan but strongly opposed by the U.S. The IMO struck a preliminary deal to charge the global shipping …
UN shipping emissions deal to pit US against EU-led bloc Read More »
