Analysis: Amid tense Brazil election, Petrobras emerges as surprise market darling

Register now for FREE unlimited access to Reuters.com Register RIO DE JANEIRO, Sept 22 (Reuters) – Brazil’s state-run oil company Petrobras (PETR4.SA) has spent much of 2022 in turmoil, cycling through four chief executives as President Jair Bolsonaro hammered the company to bring down fuel prices. Faced with that and the likely return of a … Read more

Indonesia trimming palm oil stocks with discounts, India sales

Worker loads palm oil fresh fruit bunches to be transported from the collector site to CPO factories in Pekanbaru, Riau province, Indonesia, April 27, 2022. REUTERS/Willy Kurniawan/File Photo Register now for FREE unlimited access to Reuters.com Register India could buy 2 mln T in Aug-Nov from Indonesia Export levy waiver boosts Indonesia’s exports Stocks could … Read more

Croatia’s INA halts disputed contract payments after illegal sales

Worker walk at INA’s oil refinery in Rijeka January 15, 2014. Picture taken January 15, 2014. REUTERS/Antonio Bronic Register now for FREE unlimited access to Reuters.com Register SARAJEVO, Aug 31 (Reuters) – Croatia’s oil and gas firm INA has halted all payments under disputed contracts after authorities accused an organized crime gang of defrauding INA … Read more

Norway’s Equinor eyes sale of stake in Statfjord field, presentation shows

Equinor’s flag in Stavanger, Norway December 5, 2019. REUTERS/Ints Kalnins/File Photo Register now for FREE unlimited access to Reuters.com Register OSLO, Aug 28 (Reuters) – Norway’s Equinor is considering selling a 28% stake in Statfjord field, which straddles the Norwegian and British continental shelves, alongside minority stakes in several satellite fields, a presentation seen by … Read more

Major Gulf markets dip on oil weakness, inflation worries

Traders wait at the Bahrain Bourse after Joe Biden won the US presidency, in Manama, Bahrain, November 8, 2020. REUTERS/Hamad I Mohammed Register now for FREE unlimited access to Reuters.com Register Aug 21 (Reuters) – Most major Gulf stock markets fell on Sunday amid fears of a potential global recession and volatile oil prices, but … Read more

Analysis: As economy wilts, Argentina’s Massa seeks to sow hope with farm chiefs

Argentina’s new Economy Minister Sergio Massa talks to the media after being sworn in, at the Economy Ministry in Buenos Aires, Argentina, August 3, 2022. REUTERS/Matias Baglietto/File Photo Register now for FREE unlimited access to Reuters.com Register BUENOS AIRES, Aug 16 (Reuters) – The “superminister” tasked with rescuing Argentina’s crisis-racked economy needs cash now, and … Read more

Easing raw material costs promising for Indian consumer companies

Sachets of shampoo by Sunsilk, a Hindustan Unilever Limited (HUL) brand, hang on display at a shop in the old quarters of Delhi May 13, 2013. REUTERS/Mansi Thapliyal Register now for FREE unlimited access to Reuters.com Register NEW DELHI, Aug 3 (Reuters) – Softening commodity prices are holding out hope for Indian consumer-goods firms that … Read more

Valvoline fuels retail drive with $2.65 bln lubricants unit sale to Saudi Aramco

Saudi Aramco logo is pictured at the oil facility in Abqaiq, Saudi Arabia October 12, 2019. REUTERS/Maxim Shemetov Register now for FREE unlimited access to Reuters.com Register Aug 1 (Reuters) – Valvoline Inc (VVV.N) is selling its unit that makes lubricants, coolants and other automotive products to state-owned Saudi Aramco (2222.SE) for $2.65 billion in … Read more

Explainer: India’s economic outlook at the mercy of monsoon

Villagers affected by flood dry their paddy crop on a road in Morigaon district in the northeastern state of Assam, India, May 24, 2022. REUTERS/Anuwar Hazarika/File Photo Register now for FREE unlimited access to Reuters.com Register MUMBAI/NEW DELHI, July 26 (Reuters) – The monsoon, which accounts for about 75% of India’s annual rainfall, is the … Read more

As EVs go mainstream, a rush for share of the home charger market

BEDFORD, England, July 20 (Reuters) – With electric vehicles (EVs) catching on, the scramble for market share among startups selling home chargers is heating up and that will feed further dealmaking in the sector as tens of millions of units are installed globally over the next decade. According to a Reuters analysis, more than 100 … Read more