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Tesla's German auto sales fell by more than half in October, as EV sales grew across the board
The German road traffic agency KBA reported on Wednesday that Tesla's German sales volume had more than halved from the same period last year. However, sales of battery-electric vehicles were up overall. KBA reported that Tesla sold 750 vehicles in Germany in October. This is a 53.5% decrease from the previous year. Teslas were sold at a 50.4% lower rate in January-October, to 15,595 cars, than the same period a year ago. KBA said that the number of electric vehicles registered in October increased by 47.7% to 52.425 units. Tesla's sales in October fell in several European countries, including Spain and the Netherlands. The latest indication that the U.S. electric car maker continues to struggle on the continent is the drop in sales in October in Spain. The German agency said that sales of electric vehicles manufactured by BYD in China increased ninefold from October 2013 to October 2014, and have reached 15,171 units.
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Pembina Pipeline will supply LNG to Malaysian PETRONAS for 20 Years
The Canadian company Pembina Pipeline announced on Wednesday that it would supply Malaysia's PETRONAS with 1.0 million tonnes of liquefied gas per year. Cedar LNG Project for 20 Years The agreement marks an important milestone in the $4 billion Cedar LNG Project and reinforces Canada's efforts to become a global supplier of LNG to Asia. The company stated that it would give PETRONAS an additional outlet to export natural gas for its Canadian upstream investments, while also providing Pembina a stable and long-term revenue source. Cedar, a joint-venture between Haisla First Nation, an Indigenous community, and Pembina would produce 3.3 millions tons of timber per year after its completion in 2028. Canada, the sixth largest natural gas producer in the world, has not been able to build a strong LNG industry as other gas-producing countries have. (Reporting and editing by Vijay Kishore in Bengaluru. Katha Kalia is based in Bengaluru.
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Source: October's oil production in Kazakhstan is down 10% from September
According to industry sources and calculations, Kazakhstan's crude production excluding condensate gas fell 10% to 1,69 million barrels a day last month, but was still higher than the OPEC+ output quota. Industry sources claim that the Central Asian Republic has exceeded quotas repeatedly, angering some OPEC member countries. OPEC+ is a group of producers, including the Organization of Petroleum Exporting Countries (OPEC) and others led by Russia. Kazakhstan's OPEC+ production quota in October was 1.556 million bpd. The decline in production was largely due to maintenance on its largest oilfield - the Tengiz oilfield operated by U.S. major oil company Chevron Tengizchevroil. Sources said that maintenance was carried out from the beginning of the month until the 24th October, resulting in a reduction in the output to 725.400 bpd from September's 963.830 bpd. Tengizchevroil and the energy ministry did not respond to comments immediately. Source: Kazakhstan's total production of crude oil and condensate of gas, a form of light oil in the country, dropped to 8.016 millions metric tons (from 8.345 in September) in October. (Reporting and Editing by David Goodman).
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Nine injured after driver rams pedestrians in west France
In a Facebook post, Interior Minister Laurent Nunez revealed that a driver rammed pedestrians and bicycles on the French island of Oleron, off its Atlantic Coast, on Wednesday. The driver injured several people, before being arrested. Arnaud Larraine, local prosecutor and Sud Ouest reporter, said that the 35-year old suspect shouted, "Allahu akbar" (Arabic, "God Is Greatest"), when he was arrested by the police. French media reported that the motive of the attack was still unclear, and the office of the prosecutor for anti-terrorism is not responsible for the investigation at this time. The prosecutor’s office was not available for immediate comment. Thibault Brchkoff, mayor of Dolus-d'Oleron told BFM TV that at least nine people had been injured by the suspect's vehicle in different areas of the island. Nunez reported that two of the victims were in intensive-care - later, some French media said it was four. Le Parisien reported that investigators were investigating the possibility of the suspect being mentally disturbed. Local newspaper Charente Libre, and other French media, citing Mayor of Saint-Pierre d'Oleron Christophe Sueur, reported that the man had been known to the police for petty crimes, including driving drunk. Charente Libre newspaper identified the suspect as "Jacques G", and stated that he is French. The newspaper did not give any sources. It did not cite its sources.
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Sources say that Mexico's Asur is the leading bidder for Motiva Latin American Airports.
Two sources familiar with the negotiations said that Mexico's Grupo aeroportuario del sureste (Asur), the largest bidder for Motiva's airports, was the Mexican group. Motiva Infraestrutura de Mobilidade (formerly CCR), a Brazilian company, announced in May that it had started the sale process to shift its focus back on its core business of highway concessions. Sources say that Mexico's Asur outbid Spanish operator Aena as well as Argentina's Corporacion America Airports for Motiva’s 17 Brazilian airports, international hubs, and the capital of Ecuador, Quito, Costa Rica’s San Jose, and Curacao. One source said that Asur valued the assets around 5 billion Reis ($925m), excluding the debt. In its annual report, the group said that its airports will serve around 45 million passengers by 2024. Aena and Motiva refused to comment on the transaction. Asur and CAAP declined to comment on the sale. Last week, during the third quarter earnings call, Motiva CEO Miguel Setas stated that the group expects to announce the sale of assets by the end of 2025. Motiva maintains and manages a network that includes highways, airports, passenger transport services and subways. In the first nine months 2025, adjusted earnings before interest taxes, depreciation and amortization (EBITDA), for Motiva's Airports business, rose 15% to reach 912 million reais. ($1 = 5.4039 Reais) (Reporting from Andres González in London and Luciana Madry in Sao Paolo, with additional reporting by Kylie Madry and Alexander Smith).
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Canada - November 5
These are some of the most important stories in selected Canadian newspapers. These stories have not been verified and we cannot vouch for the accuracy of these stories. THE GLOBE AND MAIL India and China have imposed steep tariffs of 30% and 100% on Canadian yellow peas. This has crippled exports to Canada’s two biggest markets, and prompted farmers to call for Ottawa to resolve the trade disputes. The first federal budget of Prime Minister Mark Carney encourages private sector investment with targeted incentives and infrastructure expenditures. However, it falls short on sweeping regulatory or tax reforms. Business leaders are now looking for bolder actions amid economic uncertainty and U.S. Trade pressures Maple Corp, a telehealth provider, has acquired Beyond ADHD, a New Brunswick-based startup, to expand virtual care services for Canadians suffering from attention deficit hyperactivity disorders. The acquisition is part of Maple Corp's efforts to increase its service offerings in response to the growing demand and limited access to public health care. Financial terms have not been disclosed. NATIONAL POST Ottawa's agreement with graphite mining company Nouveau Monde is designed to counter China's dominance of battery-grade graphite, by securing the domestic supply and enabling niche market sales. It could be a template for Canada's larger critical minerals strategy. The federal budget for 2025 in Canada has opened the door again to airport privatisation. It proposes lease extensions and incentives to attract private investment, while allocating C$55.2 (about $39.36 million) to safety upgrades at regional airfields beginning in 2026. ($1 = 1,4024 Canadian Dollars) (Compiled from Bengaluru Newsroom)
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Wallenius Wilhelmsen, a car transporter, warns that US port fees will increase the cost of automakers.
Wallenius-Wilhelmsen, a car transporter, told customers on Wednesday that they could be charged an additional $200 to $300 for each vehicle if they want to ship their vehicles to the U.S. In mid-October, the U.S. increased port fees for foreign-built vessels as a result of a dispute between China & the U.S. This prompted Wallenius Wilhelmsen to withdraw its financial forecast. The company operates "roll-on/roll off" carriers which ship cars & heavy machinery around world. Lasse Kristoffersen, Chief Executive Officer of the company, said: "We are clear that this is an extra cost that we have been given that we must pass on to our clients." The late-October agreement reached between U.S. president Donald Trump and Chinese president Xi Jinping allowed a 12-month reprieve on the tit for tat fees charged by each other to their ships. This delayed changes that could have cost shipping companies millions and disrupted vessel schedules. Wallenius, however, said that it is still unclear if the suspension includes port fees for roll on/roll off carriers. It also warned that the total cost exposure in the fourth quarter may reach around $100 million without mitigation measures or customer compensation. Marie Mannes reported; Terje Solsvik edited, Louise Rasmussen, Conor Humphries and Conor Humphries provided editing.
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Sources say that Russia's Tuapse has halted fuel imports following drone attacks and the refinery was shut down.
According to two industry sources, and LSEG ship tracking, Russia's Black Sea Port of Tuapse suspended fuel exports while the local refinery halted crude processing following the November 2 Ukrainian drone attack on its infrastructure. Ukraine announced on Sunday that its drones had struck Tuapse - one of Russia's major Black Sea oil port - causing an explosion and damage to at least one vessel. This was part of Kyiv’s effort to undermine Russia’s war economy through targeting its energy infrastructure. The regional administration confirmed that the strike caused an fire in the port. Since several months, Ukraine has been attacking Russian oil refineries and depots. Ukrainian energy infrastructure is also the target of Russian attacks in a conflict that has been going on for nearly four years. Sources said that the Rosneft controlled refinery, which exports the majority of its production, stopped processing the next day due to damage done to the port infrastructure. Rosneft, the Russian port agency and other companies did not respond to our requests for comments. Tuapse was expected to increase oil product exports by November before the attack. LSEG data shows that three tankers docked in the port for the loading of diesel, fuel oil, and naphtha during the attack. The data indicated that all vessels had been moved from their berths by Wednesday and were anchored in the vicinity of the port. The Tuapse export-oriented plant has a capacity of processing 240,000 barrels per day of oil. It produces naphtha as well as fuel oil, vacuum gasoline, and high sulphur diesel. The refinery supplies mainly China, Malaysia and Singapore. Reporting by Guy Faulconbridge; Editing by Tomasz Janowswki and Guy Faulconbridge
Maguire: The higher gas consumption in Germany is a hindrance to Europe's efforts to stockpile.
The highest levels of gas-fired electricity generation in Germany since 2021 have sabotaged regional efforts to replenish gas stocks ahead of peak gas-fired demand.
The region is exposed to volatility in power prices as winter approaches, when demand for power across the continent is at its highest.
LSEG data show that the increase in Germany's gas consumption is primarily due to a persistent slump in the power generation from hydropower and wind farms. The jump was around 15% in the first 10 month of 2025 compared to the previous year.
The continued low wind power production heading into the winter could force German utilities maintain their recent higher levels. This would lead to a tightening of regional gas supplies, as well as higher prices for electricity.
GASSED UP
Data from LSEG show that Germany's gas-fired electricity generation in the first 10 month of 2025 was 41.6 gigawatts hours (GWh). This is the highest amount for this period since the Russian invasion of Ukraine 2022, which slowed down regional gas markets.
Germany had been the leading destination for Russian gas supplied by pipeline, but it was also a major driver in European efforts to reduce purchases of Russian energy as a response to the attack on Ukraine.
Gas-fired power plants will account for less than 15% of electricity in 2022, compared to more than 17% in 2020, following the reduction in Russian gas supplies.
The country has been unable to adjust to the sudden shortage of gas and has imported much of it from other sources, including LNG, which is much more expensive.
Ember data show that the rebound in gas supplies in general has led to a steady increase in Germany's use of gas. As far as 2025, gas accounts for 19% in electricity, the highest figure for January-October since at least 2015.
CLEAN CUTS
Utility companies have also been forced to burn more gas due to a long stretch of poor generation from hydro dams and wind farms.
LSEG data show that from January to October the combined power generated from wind and hydro assets fell by 7% compared to the same period in 2024. This is the lowest figure for this period since 2022.
In the first 10 month of 2024, combined wind and hydro power accounted 34% of Germany’s total electricity generation. However, so far in 2025 it has accounted for slightly less than 31%.
According to LSEG, German utilities were forced to increase their fossil fuel generation to offset the drop in clean energy. Coal-fired production increased by around 4% compared to last year, and total fossil fuel production rose by 6%.
TAKING STOCK
Gas-fired power generation has been higher than usual this year, resulting in a slower filling of Germany and Europe's storage of gas. These buffers are critical to protect against the global market fluctuations during periods of high demand.
Germany has the largest gas stockpiles in Europe, with about 25%. This is more than any other country. The pace at which Germany builds its gas stocks can have an impact on stockpile levels throughout the region.
Germany's storage system for gas is around 86% full. However, storage tanks are typically full by this time of year because the need to generate more gas during winter is expected.
LSEG data indicates that Germany's storage tanks were at 108% nameplate capacity on average as of the last three years. This means that inventories are still well below normal.
LSEG data shows that the lower gas stocks in Germany also reflect in Europe's total gas storage system. It is currently only 83% full, compared to a 96.5% average at this time of year since 2022.
WIND WATCH
German wind farms are likely to have a major impact on whether Germany's stockpiles of gas will be enough to meet Germany's energy needs in 2026.
LSEG data show that the total output of wind power in Germany has been down by around 4% so far this year compared to the previous year due to wind speeds below normal at the turbine level.
Winter months are usually characterized by a drier climate, which increases wind production levels dramatically as we move into the New Year.
According to the latest LSEG short-term forecasts, German wind power generation will remain below average until the middle of the month. This increases the likelihood of high gas-fired electricity production in the near future.
The longer-range forecasts for next spring continue to indicate that wind generation will be close to long-term average. If correct, this should limit the need for gas output in the winter.
If Germany's Wind Farms continue to be prone for long stretches to sub-par production, it could lead to further periods of high gas power generation, which would trigger new increases in regional gas price and further drawdowns on gas stocks.
These are the opinions of a columnist who writes for.
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(source: Reuters)