EUROPE GAS SUPPLIES
For next 2-3 years, L&T sees good momentum in gas to power opportunities in West Asia: Subramanian Sarma
L&T Board Member Subramanian Sarma highlights key themes: traditional fossil fuel development, green initiatives, and petrochemical monetization. The focus remains on oil, gas, and renewable energy, with opportunities worth $10-12 billion. Execution is progressing well with no major geopolitical risks impacting operations. Competition persists but L&T maintains a strong market presence and anticipates continued momentum.
Trump prepares wide-ranging energy plan to boost gas exports, oil drilling, sources say
Donald Trump's incoming administration is poised to prioritize energy production through expedited approvals for LNG projects, increased offshore and federal land drilling, and repealing climate regulations. This aggressive energy agenda, including reviving the Keystone Pipeline and challenging the International Energy Agency, aims to boost domestic oil and gas output, marking a sharp departure from Biden's policies.
Europe is already facing its next energy crisis
Experts warn of a challenging winter ahead, particularly if temperatures plummet. The situation has raised concerns about energy rationing and economic stability.
Europe is gaslighting itself about its energy woes
Europe is facing another winter of high energy prices as the luck of favourable weather and low Asian demand for LNG has run out. Despite efforts to diversify, Europe remains reliant on Russian gas, raising questions about its commitment to weaning itself off Russian energy while supporting Ukraine.
Russia cuts gas to Austria in payment dispute, keeps EU flows
Gazprom, Russia's state-owned energy giant, has cut off gas supplies to Austria following a payment dispute with OMV, Austria's largest energy provider. Despite this, Russia continues to supply gas to Europe through Ukraine, with other buyers increasing their orders.
European shares end lower on US Fed rate, Trump jitters
European shares fell on Friday, dragged down by disappointing earnings, concerns about the impact of U.S. President-elect Donald Trump's policies, and a jump in Treasury yields. Investors were also concerned about U.S.-China relations and the impact of Trump's pick to lead the Department of Health and Human Services.
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These 10 mid-cap stocks with ¡®Strong Buy¡¯ & ¡®Buy¡¯ recos can rally over 32%, according to analysts
Why are mid- and small-cap stocks seeing more selling pressure? The answer lies in a couple of things ¨C and their coming together at the same time. First is the approaching deadline to implement measures announced by the market regulator in the early part of the year to curb excessive speculation in the mid-cap segment. The second: Historically, mid-caps tend to weather the early part of a bearish phase well ¨C but if the correction persists for a period of time, then they all come under pressure. Should the correction be bought? Sure. But it depends on what you are buying and what your time frame is.
Trump¡¯s return will boost oil supply, cool prices, says Minister Hardeep Singh Puri
Indian Oil Minister Hardeep Singh Puri believes that Donald Trump's return to the White House will boost global energy supplies, potentially lowering oil prices to India's benefit. Puri expects increased US oil production under Trump and sees global events having minimal impact on prices.
Corrections are opportunities, only if you buy right: 5 mid-cap stocks owned by certain business houses with upside potential of up to 49%
Nine out of 10 stocks have declined in the past three weeks. Little wonder that doubt, confusion, and fear are the overwhelming feelings on the street. This is the exact opposite of what was happening just a couple of months back. In that extremely bullish period, even cats and dogs were flying with half-billion-dollar market caps. That optimism did not last, and neither will the current pessimism. Equilibrium will return to the market. So what should you do in this phase of pessimism (which might last a while longer)? The simple answer: Look for stocks with the comfort of ¡°management with ability¡±. This is very different from ¡°management¡¯s ability¡±.
Gold prices in India at historical highs. Is risk-reward favourable?
Gold prices in India are at their highest ever, driven by geopolitical tensions and increased demand during the festive and wedding season. The market predicts a possible correction, suggesting investors wait for more favorable prices. Currently, high prices and a strong international market make buying less attractive.
Inflation in Europe falls below 2 per cent, opens way for faster rate cuts
Eurozone inflation dropped to 1.8% in September, falling below the European Central Bank's 2% target for the first time in over three years. This decline is attributed to falling energy prices. Economists are now considering the possibility of a rate cut at the ECB's October 17 meeting. The bank has already trimmed rates twice in response to economic conditions.
Bananas, cars, and clothes: US port labor dispute threatens range of products
The strike could hit 36 ports that handle about one-half of U.S. ocean imports. That could affect availability of a range of goods from bananas to clothing to cars shipped via container, while creating weeks-long backlogs at ports.
Europe braces for last of Ukraine¡¯s Russian gas deliveries
Ukraine's strategic natural gas pipelines, spanning over 22,000 kilometers, may become stranded as the transit agreement with Russia is unlikely to be renewed before it expires in December.
UAE, India tie up for critical minerals supply chains
India and the UAE have signed an MoU to secure critical mineral supply chains. The agreement involves cooperation in mineral exploration in third countries, aiming to enhance supply chain resilience. This initiative is part of broader efforts under the India-Middle East-Europe Economic Corridor framework.
Hotels in India move ahead of global peers in sustainability goals
Top hotel chains in India are setting high sustainability goals, with targets like 100% green certified buildings and significant reductions in plastic waste. The hospitality industry is embracing renewable energy and innovative technologies, driving sustainability efforts ahead of global peers, thereby creating a more environmentally friendly travel experience.
Geopolitical tensions threaten supply-demand outlook of commodities
Recent economic data from the US, China, and Europe fell short of expectations, heightening concerns about a sluggish global economy and its impact on oil demand. However, potential supply disruptions from the Middle East due to ongoing conflicts, along with OPEC+ production policies, helped limit the losses in oil prices.
Recession has its own losers & even winners: 5 stocks from pipes and wire sector with upside potential of up to 44%
Whether it comes or not, but the fact is that since the first week of August, there has been a talk of possible recession in the US. The first reaction was that of panic and then as usual, across the globe a trade got in motion to sell possible stocks and sectors which are going to get hit. There is enough evidence to show that if there is a recession then it is the metal sector stocks which get the hit first as the metal prices tend to come down. Already if one looks at performance of the metal stocks, they have under performed in the last two weeks. Now there is an inverse relationship between the falling price of metal and margins of the many user industries. So, while metal prices come down, metal stock gets hit, there is another set of companies which might end up gaining, in terms of margins and better bottomline. Given the fact that some of these companies have strong brands they should be on watch list for a possible short term tactical investing if and when the word ¡° R¡± is heard back on the street.
Explained: Why is natural gas still flowing from Russia to Europe across Ukraine?
Russian natural gas continues to flow through Ukraine¡¯s pipeline network to Europe despite the ongoing conflict and sanctions. This gas, passing through the Sudzha measuring station, supplies Austria, Slovakia, and Hungary. The pre-war transit agreement between Russia and Ukraine remains in effect until the end of the year.
Auto sector transforming for EV & winds of change in ancillary space: 5 auto ancillary stocks with upside potential of up to 35%
First it was auto companies like Tata motor & TVS motors which were re-rated due to their EV venture. Then as the time went, stocks like Bajaj Auto and Hero honda also joined the re-rating bandwagon. But the re-rating of the auto ancillary industry has been slower, for a valid reason. These auto ancillary units are dependent on their main buyers. So, for an auto ancillary company which has been supplying to the TVS motors, Tata motors the process of transformation started a long time back but for some others, where the major buyer which is the auto companies was late in coming out with the EV model, transition has been slower. But the biggest factor which distinguishes a winner and laggard in the auto ancillary industry is how proactive the management has been of auto ancillary companies in anticipating the demand and changing its priority. Some are able to do better than others.
Essar Energy Transition to build Europe's first hydrogen-fuelled power plant
Essar Energy Transition will construct Europe's first all hydrogen-fueled power plant at Stanlow refinery by 2027. The $3.6 billion EET Hydrogen Power project entails 125 MW capacity and 6,000 tonnes of steam. It supports EET Fuels' aim for a 95% cut in emissions by 2030, enhancing employment in North West UK.
Europe is slapping tariffs on Chinese electric vehicles - for now. Here's what to know
EU raises customs duties on Chinese electric vehicles due to unfair subsidies. Tariffs aim to address market imbalance. Negotiations ongoing between EU and China. Concerns about impact on European jobs and green technology production. Uncertainty looms over potential solutions and retaliatory measures.
What will happen when the Ukraine gas transit deal expires?
Ukraine has announced it will not extend a five-year deal with Russia's Gazprom for the transit of Russian gas to Europe when it expires at the end of the year. The Ukraine gas transit route, agreed upon by Moscow and Kyiv in 2019, enables Russia to export gas to Europe via Ukraine. Russian gas transit via Ukraine to Europe fell by 28.5% to 14.65 billion cubic meters last year, from 20.5 bcm in 2022. The system connects Poland, Slovakia, Hungary, Romania, and Moldova.
What to know about Europe's extra tariffs on Chinese electric cars
The tariffs, which have been expected for months, come on top of existing 10% duties, but the level of their impact has been disputed. Some European automakers argue they will set off a trade war, but other experts have said they will not stop China's dominance in the industry.
How a small crack in a pipeline gave a big jolt to Europe¡¯s gas market
Repair efforts are ongoing for a pipeline on a Norwegian gas platform, highlighting the potential for even minor outages to impact European prices. The Sleipner platform, crucial to Europe¡¯s gas network, faces repairs for a small pipeline crack. The incident underscores Norway¡¯s significant role in European energy security.
Indian delegation holds talks with key entities in UAE on IMEEC
Indian delegation visits UAE to discuss the India-Middle East-Europe Economic Corridor (IMEEC) within 3 months of signing the Framework Agreement. Both sides prioritize cooperation and empowerment for the strategic project aiming at efficient supply routes, cost reduction, job creation, and reducing greenhouse gas emissions.
Gazprom plunges to first annual loss in 20 years as trade with Europe hit
Kremlin-owned Gazprom faced a $7 billion net loss in 2023, its first in over 20 years, due to declining gas sales to Europe, triggering significant financial challenges and analyst concerns.
Europe's economy shows signs of life with 0.3% growth in 1st quarter as inflation, energy woes ease
The economy had been held back by high inflation that has sapped consumer purchasing power, and by an energy price spike related to Russia cutting off most supplies of natural gas. Those headwinds have eased as energy prices have fallen and as inflation fell to 2.4% in April. But record high interest rates from the European Central Bank aimed at driving down inflation added another hurdle by raising the cost of credit for businesses and consumers.
Imports of natural gas continue to surge
LNG imports cost $1.1 billion in February, as much as in the year-ago period, even though the volumes were a third higher this year at 2.45 billion cubic metres. For the first 11 months of this financial year, LNG imports cost $12 billion, lower than $15.9 billion last year, even though volumes were up 18% this year.
TotalEnergies CEO says gas market volatility to remain until new supply arrives
"Prices are volatile ... Because we have very little margin (between) supply and demand system," Patrick Pouyanne said in a pre-recorded interview broadcast on Tuesday at Wood Mackenzie's Gas and LNG Future of Energy Conference in London.
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