By Brijesh Patel (Reuters) -Oil prices are unlikely to gain much traction from current levels this year as rising output from top producers adds to the risk of a surplus and U.S. tariff threats curb demand growth, a Reuters poll showed on Friday. A survey of 31 economists and analysts conducted in August forecasts Brent …
Oil faces uphill struggle as supply glut worries mount: Reuters poll Read More »
By Jaspreet Kalra (Reuters) -Sterling slipped against the dollar and euro on Friday amid concerns over Britain’s fiscal position, but remained on track for a monthly gain against the U.S. currency. The pound was 0.3% lower on the day at $1.3464 and was down about the same amount against the euro. Over the month, though, …
Sterling on course for monthly rise against dollar but fiscal risks linger Read More »
OSLO (Reuters) -Maintenance at major gas fields and onshore processing plants will curb Norwegian natural gas supply by around a third during the first half of September, as Europe’s biggest supplier readies the system for the busy winter demand season. “We are a getting close to the period with the major planned shutdowns for this …
Norway’s gas system enters peak maintenance to prep for heavy duty winter Read More »
By Gwladys Fouche OSLO (Reuters) -Norway’s prime minister said on Friday he had contacted U.S. Senator Lindsey Graham to try to defuse a controversy over a decision by the Norwegian sovereign fund to sell all its shares in construction equipment group Caterpillar on ethics grounds. Norway’s $2 trillion sovereign wealth fund, the world’s largest, said …
Norway seeks to defuse clash with Trump ally over fund’s Caterpillar exit Read More »
MOSCOW (Reuters) -Russian flag carrier Aeroflot on Friday reported a 76% year-on-year increase in net profit for the first half of 2025, sayig it had made 74.3 billion roubles ($919 million). Revenue rose 10% to 414.8 billion roubles, while EBITDA grew 12% to 141.5 billion roubles, it said. ($1 = 80.8455 roubles) (Reporting by Gleb …
(Reuters) -Global commodity trader Gunvor’s first-half net profit fell nearly 71%, it said on Friday, citing an environment of oil oversupply, increased competition, fewer open arbitrage opportunities and thin margins. The Geneva-based trader, which is not listed, said net profit after tax totalled $120.8 million for the first six months of 2025, compared to $417 …
Gunvor’s net profit falls 71% in first half of 2025 Read More »
MOSCOW (Reuters) -Freight rates for Russian crude shipments from Baltic ports to India have risen in August, driven by fresh European Union sanctions and increased demand for tankers after higher loading volumes this month, trade sources said and shipping data showed. The cost of shipping Urals crude from Baltic ports such as Ust-Luga to India …
By Maria Martinez BERLIN (Reuters) -The number of unemployed people in Germany passed 3 million for the first time in a decade, labour office figures showed on Friday, as the labour market of Europe’s biggest economy is squeezed by two years of economic contraction. The mark was reached in seasonally unadjusted terms, with an increase …
Number of unemployed people in Germany passes 3 million mark Read More »
By Dominique Vidalon and Alessandro Parodi (Reuters) -French spirits maker Remy Cointreau raised its annual profit forecast on Friday, joining larger rival Pernod Ricard in flagging a lower than feared blow from U.S. tariffs after a 15% rate was agreed on EU imports last month. Sales have slumped in Remy Cointreau’s key U.S. and Chinese …
Remy Cointreau lifts profit view on US tariffs deal Read More »
BERLIN (Reuters) -Germany’s VDMA machinery and equipment manufacturers lobby on Friday called the EU’s planned tariff exemption for certain products from the United States “a direct slap in the face” and said the EU Commission needed to “urgently renegotiate”. The European Commission proposed on Thursday removing duties on imported U.S. industrial goods in return for …
Germany’s VDMA calls EU’s exemption plans for US goods a ‘slap in the face’ Read More »
