South America

Venezuela's oil exports dropped to 1.16m barrels per day from 1.2m bpd in July as the country drained less inventories. However, exports to the U.S. rose to 786,000 bpd - the highest level since early 2019. Shipping data revealed on Monday. Exports of the OPEC nation have rebounded rapidly from lows never seen before, due to?U.S. The Trump administration imposed sanctions and a navy blockade to remove President Nicolas Maduro. Washington signed a key oil supply agreement with interim president Delcy Rodriquez in January. This allowed Venezuelan oil to be returned mainly through trading houses, but also directly via the...

Here are some company news and stories that could impact the markets in France and Benelux or even individual stocks. Aeroports de Paris - The Paris airport operator ADP reported that the net income attributable to the first half nearly tripled, reaching?312 millions euros. It has lowered its estimate for the annual traffic growth of Paris Aeroport by 2026 from an earlier range of 1.5% to 2.5%. Now, it expects recurring EBITDA?of between?2.30 and 2.35 billion euro. AIRBUS: Airbus AIR.PA voiced increasing confidence in its critical jet delivery target and maintained other 2026 goals as it unveiled stronger-than-expected second-quarter results...

The Argentina Football Association (AFA) said on Wednesday that it is "completely false" to claim that Claudio Tapia, the treasurer of AFA and Pablo Toviggino were ordered by U.S. court judges to provide 'evidence'. The AFA did acknowledge, however, a third-party was summoned before a U.S. Grand Jury and could potentially provide evidence regarding several people, including representatives from the organization. Local media reported that FBI agents had detained Tapia, Toviggino and the Argentina team at New York’s JFK Airport before they boarded the charter flight after the World Cup Final. They also requested Tapia’s devices. Infobae, a media outlet...

The race to secure vital minerals has created a wealth of opportunity for countries that have the fortune of having the right metal deposits. The goal is to extract as much value as you can from the metals in the earth. The obvious answer is processing. Smelters that convert ore to metal are not only more valuable, but also provide a path to greater industrial and economic growth. It's a way for Western policymakers to loosen China's grip over midstream capacity in a large part of the critical metals spectrum. According to a joint study by the consultancy CRU, and...

The container carrier, operated by CMA CGM, refuelled?with the ethanol during a port stop in Santos, Brazil. This is the first time this type of fuel has been used to move the engines of deep-sea vessels in Brazil. CMA CGM IRON received 650,000 liters anhydrous alcohol from Brazilian ethanol and Sugar merchant Copersucar in a refueling service provided by Danish marine services group Bunker One. The CMA vessel, one of the 12 vessels operated by the group, is equipped with a trifuel engine. This engine can run on any combination of bunker fuels or methanol. The CMA vessel is a...

The exchange confirmed on Wednesday that the deliveries of 'raw sugar' at the expiry -of the contract for July -were 15,678 lots or or 796,500 metric tons. This confirms the preliminary information provided by sugar traders the previous day. ICE's Wednesday delivery notice?said 100% of this sugar would be?loaded in the Santos Port, Brazil. The traders?said Chinese commodities trader COFCO?was the only deliverer, and French soft commodities trader Sucden was viewed as the largest recipient, with 7,209?lots. They said that Louis Dreyfus had 4,181 lots of sugar, Bunge had 2,300 lots, and Wilmar had 1,988 lots. COFCO, besides being a...

According to data from tanker monitoring and documents of the state-run PDVSA energy company, Venezuelan oil exports dropped slightly last month?to 1.24 million barrels per daily from 1.24 bpd in may?as a result of two deadly quakes causing?minor delay at terminals operated. The vast PDVSA infrastructure was mostly unaffected by the twin earthquakes, which left nearly 2,000 dead and hundreds of buildings damaged according to official statistics. The power issue must be resolved before all the oil refineries, including El 'Palito, can resume operation. Documents show that the main oil terminal for the state-owned company in the eastern part of...

American Airlines announced Friday that it would resume flights to Haiti on 1 November after major U.S. airlines ceased service in the Caribbean nation by late 2024. American will resume service in Haiti this fall. It is the first U.S. airline to announce that it would be resuming its service. Since November 2024, the U.S. Federal Aviation Administration (FAA) has banned flights to Port-au-Prince in Haiti's capital due to a perceived threat from "armed groups" to civil aviation. Later, the FAA allowed flights to resume at'six other airports located in northern Haiti. But it kept its ban on Port-au-Prince. Haiti...

Maersk, Vale and other shippers are using ethanol to reduce emissions. Its low cost and abundant supply make it more appealing than other fuels with lower carbon content. Further commercial use is expected to begin as soon as next year. The use of ethanol in shipping can open up a new market for the fuel which is in some countries blended with gasoline. It also offers'shipowners' another way to reduce conventional fuel consumption to meet emission targets. The global shipping industry is under increasing pressure to manage the uncertainty of oil prices as the hostilities in Middle East and the...

Maersk, Vale and other shippers are using ethanol to reduce emissions. Its abundant supply and low cost make it more appealing than other fuels with lower carbon content. Further commercial use is expected to begin as soon as next year. The use of ethanol for shipping could 'open up a new market for the fuel which is?in certain countries blended with gasoline. It also offers shipowners a way to reduce conventional fuel use in order to meet emissions reduction targets. The global shipping industry is under increasing pressure to manage the uncertainty of oil prices as the hostilities in Middle...

Mexico's Grupo Mexico Transportes (GMXT), has signed a contract with the United States. Wabtec, a rail technology company, will bid jointly for Argentine's state-run cargo operator Belgrano Cargas y Logistica BCYL (BCYL), a GMXT employee said on Thursday. Source requested anonymity as they were not authorized by GMXT to discuss the deal. The privatization of BCYL, which is proposed by President Javier Milei, is part of his drive to transfer state owned companies into private ownership. Argentina will soon publish the documents for the privatization of BCYL. BCYL operates three of the largest freight trains in Argentina. The company didn't...

Data from market sources and LSEG shows that Russia's seaborne gasoil and diesel exports fell 18% in the same month compared to a year ago, and 3% on the month, respectively, from 3.7 million metric tons. Sources said that the ultra-low-sulphur Diesel shipments from Primorsk - Russia's largest outlet for diesel exports - fell by 5% in April to 1.375 million tonnes. In May, drones struck several of Russia's largest refineries, including the Lukoil owned NORSI refinery as well as Rosneft Ryazan refinery and Surgutneftegaz Kirishi refinery. The latter is one of Russia's largest?diesel manufacturers. Diesel production in Russia dropped...

Sources have told us that Brazil's Petrobras has reassessed a major investment in natural gas infrastructure in Brazil due to a lack of clarity over a government proposal which could impact Equinor's project. Three sources said that Petrobras was prompted by the proposal to halt studies on a proposed $1 billion gas pipeline in Sergipe, a state located in northeastern Brazil. A source in the industry said that the Raia project of Equinor in the Campos Basin could be affected if the program were to become law. The project is expected to begin operating in 2028. In order to boost...

Cuba's electricity grid collapsed late Sunday night, according to the state-owned grid operator. This plunged a ten-million-person island into darkness, as blackouts are becoming more frequent. The island's energy infrastructure is being further strained by a U.S. oil blockade. In its posts on X or Facebook, the Union Electrica de 'Cuba did not provide any further information about the situation. Cuba is struggling to secure fuel imports, and this has increased the pressure on its power system. The country?lost its main source of fuel following an oil blockade by U.S. president Donald Trump after Washington ousted Venezuelan President Nicolas Maduro...

In July, the share of coal in India's power generation mix fell to its lowest level?in an entire year as renewable energy production surged?to a new record high. The data revealed that renewable power has risen to 20% of India's total mix. The data showed that the number of kilowatt hours (kWh) consumed in July was 36.25, a 30% increase from last year. Grid-India, the state-run regulator, calculated that coal-power generation dropped to 65.7% from 69% in July. India's clean energy generation has risen as solar and wind output have exceeded 100 gigawatts. This is the first time that this...

Chevron exceeded analyst expectations for second-quarter earnings?on Friday. It reported its highest quarterly profit for at least six-years as the U.S./Israeli war against Iran disrupted world energy markets and boosted?profits?for the largest oil companies. LSEG data shows that adjusted earnings of $12 billion or $6.06 a share beats the average analyst forecast of $5.56 a share. Chevron's shares rose about 2% during premarket trading. The results were similar to those of European oil giants TotalEnergies, Shell and others who also reported record profits in the second quarter. Higher oil prices were a major factor. ExxonMobil's quarterly profit missed analyst expectations...

The national power grid of Cuba collapsed Tuesday, according to the energy ministry. This is the third major blackout in nine days on the island of about 10,000,000 people. The ministry announced on social media that "there has been a complete disconnection of electrical system." A U.S. oil blockade is causing frequent power outages on the island, which has an already aging energy infrastructure. Donald Trump, the U.S. president, imposed a blockade on the Caribbean island following Washington's ouster of Venezuelan President Nicolas Maduro?on?January 3rd. Venezuela was Cuba's main fuel supplier. U.S.-led pressure led Mexico to halt oil deliveries to...

A consortium led by Brazilian power company Alupar secured the largest lot in Friday's power transmission auction in Brazil, while Axia Energy won the other three projects. The consortium of Alupar, the Infra II Investment fund and other partners'secured' the installation of underground transmission in the metropolitan area of Sao Paulo with a proposal that offered to take 48 percent of the maximum revenue the project could generate. The auctioned lots on Friday were the most expensive, with the highest?investment expected at 1.1 billion reais (212.9?million). Axia Energia was awarded the remaining projects in Sao Paulo state, Mato Grosso state,...

Data from market sources and LSEG show that Russia's seaborne gasoil and diesel exports plummeted in June. They fell by 39% from the month before to 1.8 million metric tonnes and 46% from 3.35 mtonnes in the same month a year ago, as waves of drone strikes forced unplanned shut downs at key refineries. According to traders' calculations and estimates, the number of ultra-low-sulphur Diesel shipments from Primorsk - Russia's largest outlet for diesel exports - has fallen by over half since May. The Russian authorities haven't made a definite decision yet about banning diesel exports. However, traders believe that...

A power outage on ?Sunday forced the shutdown ?of Venezuela's ?largest ?refinery, the 645,000-barrel-per-day Amuay, workers from that facility said, the second refinery without electricity following two deadly earthquakes in the country. After the earthquakes, in which at least 1,450 people died, South America has struggled to supply power to industrial plants, refineries and businesses as well as its citizens. Amuay was key to fuel production for domestic distribution and processed 137,000 bpd before the earthquakes. Some workers have said that the lack of water in some?power plant and?industries, including the refinery located in the western Falcon State is also...

Sources said that an outage this week on a power transmission line in Venezuela's Central Region is slowing down efforts to restore?full services at a port, refinery, and petrochemical complex following earthquakes. Residents and sources said that many roads have reopened, and electricity has been restored to areas affected by the earthquakes. The death toll is now at almost 600, but residents and sources say the area closest to the epicenter, in the central region, remains largely without power. Sources said that the lack of electricity is preventing injured people from being transported, hospitals from operating, goods imported at ports...

A representative of the 'Latin American and 'Caribbean 'Energy Organization' (OLACDE), said that the El Nino phenomenon could cause Argentina's natural-gas sales to 'Brazil' to increase in the spring months in the Southern hemisphere. A strong El Nino will increase rainfall and frequency in Argentina. This would allow for greater use of hydroelectric power plants. The phenomenon will cause drought in western Brazil. This will require more natural gas to produce electricity at thermal power plants. Guido Maiulini of the strategic advisory department told Friday that Argentina may be able to export surpluses due to El Nino's impact on the...

The Brazilian government launched on Friday a subsidised?credit program to help app-based drivers purchase motorcycles. This is a new initiative aimed at boosting demand and supporting a sector of the workforce which has grown rapidly in recent years. Bruno Moretti, Minister of Planning, said at an event held in Brasilia that the program would offer interest rates for male and female drivers of 11,5% and 12,5%, respectively. The benchmark rate of the central bank is currently 14.5%. Moretti stated that state-run lenders Caixa Econômica Federal and Banco do Brasil would provide?financing for eligible borrowers. He also noted that a government...

The Economy Ministry announced that the Argentine government had recommended awarding an important?dredging contract in Argentina to Belgian dredging firm Jan De Nul, and its local partner Servimagnus. Rep. Brian Mast, chairman of the U.S. House Foreign Affairs Committee, warned in May about the "malign influence" of China in the bid to win the major contract for Argentina. Jan De Nul, and its local partner Servimagnus, denied any Chinese ties. * The recommendation is for the concession to dredge the Parana River and maintain it, as this river carries 80%?of?the trade of the country. In a late-Thursday statement, the ministry...