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Explainer: Russia, at war, faces double trouble: Trump ultimatum and a hit to oil sales to India
Reuters· 2025-10-23 12:29
Russia, the world's second largest oil exporter, is weighing how to respond to U.S. sanctions on top oil firms Rosneft and Lukoil and the prospect of lower sales to its biggest buyer, India. ...
Google backs US gas power plant with carbon capture for Midwest data centers
Reuters· 2025-10-23 12:05
Core Insights - Google has made a significant move by entering into its first corporate agreement to purchase electricity from a U.S. power plant that utilizes carbon capture and storage technology, aimed at powering its data centers in the Midwest region of the country [1] Company Summary - The agreement marks a strategic initiative for Google to enhance its sustainability efforts and reduce carbon emissions associated with its energy consumption [1] - This deal is part of a broader trend among tech companies to invest in renewable energy sources and innovative technologies to meet their energy needs while addressing environmental concerns [1] Industry Summary - The power plant involved in this agreement represents a growing sector focused on carbon capture and storage, which is gaining traction as a viable solution for reducing greenhouse gas emissions in energy production [1] - The collaboration between tech companies and energy producers highlights the increasing importance of sustainable practices in the energy industry, as corporate demand for cleaner energy sources continues to rise [1]
Oil futures return to structure signalling tight supply on Russia sanctions
Reuters· 2025-10-23 12:02
The prompt Brent crude futures contract on Thursday returned to trading at a premium to the six-month contract after new U.S. sanctions on Russia revived concern of a tight market in the near term, er... ...
Spot crude premiums jump as US sanctions on Russian producers drive China, India demand
Reuters· 2025-10-23 11:51
Spot premiums in crude markets jumped on Thursday on expectations that U.S. sanctions on top Russian producers will spur China and India's demand for supplies from the Middle East, Africa and South Am... ...
Railroad operator Union Pacific's quarterly profit rises
Reuters· 2025-10-23 11:50
Union Pacific reported a 9% rise in third-quarter profit on Thursday, powered by strong pricing. ...
PG&E 2026 profit forecast beats expectations amid strong power demand
Reuters· 2025-10-23 11:44
Utility firm PG&E forecast its full-year 2026 profit narrowly above Wall Street expectations on Thursday, on the back of soaring power demand. ...
Unilever CEO says US government shutdown has not dented consumer sentiment
Reuters· 2025-10-23 11:42
Core Insights - Unilever has not experienced a significant impact on consumer sentiment from the government shutdown in the U.S. market [1] Company Summary - The CEO of Unilever stated that the company remains unaffected by the current government shutdown in terms of consumer sentiment [1]
JP Morgan sees gold prices averaging $5,055 per ounce by late 2026
Reuters· 2025-10-23 11:41
Core Viewpoint - JP Morgan analysts maintain a bullish outlook on gold, forecasting prices could reach an average of $5,055 per ounce by the fourth quarter of 2026 [1] Group 1 - Analysts predict significant price increase for gold, indicating strong market confidence [1]
French court rules TotalEnergies misled consumers with carbon neutrality claims
Reuters· 2025-10-23 11:07
Core Viewpoint - TotalEnergies misled consumers with its 2021 advertising campaign that primarily showcased wind and solar farms while claiming the company could achieve carbon neutrality by 2050, as determined by a French civil court [1] Group 1 - The French civil court's ruling indicates that TotalEnergies' advertising was deceptive, potentially impacting consumer trust and brand reputation [1] - The campaign's portrayal of renewable energy sources was found to be misleading, raising questions about the company's commitment to sustainability [1] - The court's decision may lead to increased scrutiny of advertising practices within the energy sector, particularly regarding claims of environmental responsibility [1]
Mobileye beats quarterly revenue estimates
Reuters· 2025-10-23 11:05
Core Insights - Mobileye Global exceeded Wall Street expectations for third-quarter revenue, driven by increased orders from automakers for the company's driver-assisted chips as they accelerate the adoption of autonomous software [1] Company Summary - Mobileye Global reported strong third-quarter revenue performance, indicating robust demand for its driver-assisted technology [1] - The surge in orders from automakers reflects a broader industry trend towards the integration of autonomous driving capabilities [1] Industry Summary - The automotive industry is experiencing a significant shift towards autonomous software, prompting manufacturers to enhance their technology offerings [1] - The demand for driver-assisted chips is expected to grow as more automakers prioritize the development of autonomous vehicles [1]