Oil majors head for record refining profits as fuel supply tightens
Shell expects a record refining margin and BP sees up to $2.1 billion in extra gains. Analysts tie the windfall to lost refinery output and tight fuel supply.
1 source · Analysis
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Shell expects a record refining margin and BP sees up to $2.1 billion in extra gains. Analysts tie the windfall to lost refinery output and tight fuel supply.
1 source · Analysis
Ipsos reported Q3 2026 revenue of EUR636.2 million with 2.0% organic growth and lifted its 2026 organic growth outlook to 1.2%-1.5%, per Dow Jones Newswires.
2 sources · Dow Jones Newswires, globenewswire.com
The Financial Times reports Kyiv is discussing with Poland and Slovakia moving customs checks onto their territory to make trucks safer.
1 source · Reuters
Nestle reported third-quarter sales of CHF 22.76 billion and 4.0% organic growth, both ahead of analyst expectations, according to Dow Jones Newswires.
2 sources · Dow Jones Newswires
CBOT soybeans are steady as US harvest pressure offsets Chinese demand, while corn and wheat edge higher and Argentina lifts its wheat forecast.
1 source · Reuters
Trump rallied in South Carolina for Senator Darline Graham, who is running about even with Democrat Annie Andrews less than two weeks before the November 3 vote.
1 source · Reuters
CBOT wheat fell to a 14-week low after US envoy Witkoff met Putin in St. Petersburg. Grain traders are watching for progress toward a ceasefire.
1 source · Seeking Alpha
The US Department of War signed a framework deal with BAE Systems for up to 25,000 APKWS interceptors a year over seven years, according to TradingView.
1 source · TradingView
Indian Oil plans to slightly reduce crude bought from Gulf producers under annual contracts in 2027/28, Reuters reports, citing a source amid the Iran war.
2 sources · Moody's, Reuters
Elon Musk said a merger of Tesla and SpaceX would be a good idea and confirmed that special committees have been formed. Reuters reports Starlink operator shares rose 8% in extended trading.
2 sources · Reuters
According to the Wall Street Journal, Starlink limits from Oct. 14 weakened Ukrainian drones, and U.S. officials disagree on who approved them.
1 source · Seeking Alpha
CBOT wheat futures dropped to a more than three-month low on Tuesday amid technical selling and fund liquidation, according to Reuters data.
1 source · Reuters
A Russian court has told Raiffeisen's local unit to pay €342 million to Rasperia, Reuters reports, adding to a long-running fight over Strabag.
1 source · Reuters
According to ProZerno, Latvia imported 431,700 tons of Russian grain from July to October, while Iran stayed the largest buyer.
1 source · Reuters
Gazprom approved a revised 2026 investment programme of 1.096 trillion roubles, versus 1.100 trillion previously, the company said.
1 source · Reuters
Morning roundup: a 4% drop in South Korea's market, sanctioned tankers returning to trade, OpenAI's $30B funding push and Nvidia's European AI plans.
1 source · Seeking Alpha
Rabobank says gas prices near three-year highs reflect supply fears, not a lasting shortage; new LNG capacity could push TTF to €38-42/MWh through 2027.
1 source · Reuters
Reuters reports Severstal will pay no dividend for nine months as free cash flow stays negative, despite a 17% rise in third-quarter net profit.
1 source · Reuters
Chinese customs data cited by Reuters show Australian coal shipments jumped 56% in September, while Indonesian imports fell 32% and Russian rose 39%.
1 source · Reuters
China's finance minister Lan Foan said APEC should take on greater responsibility for growth, urging members to cooperate on AI, digital and green sectors.
1 source · Reuters