Europe

Two traders say that oil shipments from Russia’s western ports will increase by 4% this August, compared to July, as drones attack domestic refineries, allowing more crude to be exported. Meanwhile, a strong demand in Asia is encouraging sellers to ship more. According to preliminary data collected by traders, exports from the Baltic port of Primorsk along with the Black Sea Port of Novorossiysk are expected to reach around 2.7 million barrels a day in August. The Ukraine's attack on Russia's refining facilities has meant that less oil can now be processed, and it must be exported. The traders say...

The freight rates for Russia’s flagship Urals oil shipments from western ports to India jumped by a little over 50% since mid-July, as rising shipping costs globally and increased security risks in the “Black Sea” discourage shipowners. Russia will increase its oil exports in August due to strong demand in Asia. However, a lack of tonnage may put a stop to its plans. In July, Ukraine intensified its?attacks against tankers in Black Sea. This resulted in damage to several vessels and forced the suspension of loading at Novorossiysk as well as the Caspian pipeline consortium terminal. The increased'security risk' in...

Mali's finance minister has said that it could use the revenues generated by recent reforms in the mining sector to raise as much as 500 billion CFA Francs ($883.1m) to fund energy, water, and transport projects. This is part of an effort to convert higher mining revenue into infrastructure funding. The comments are the first sign of how the Mali military government plans to use the windfall it will receive from the overhaul of its mining code in 2023. This new code increased royalties and state stakes for mining projects, causing disputes with mining operators such as Canada's Barrick. In...

According to satellite images and shipping experts, a sanctions-hit oil tanker has been leaking oil near the coast of Oman. The spill has increased in recent days and is increasing concern about possible environmental damage. Ship tracking data indicates that the Caroline Bezengi stowed Russian oil at its Black Sea port, Novorossiysk, before departing for its latest voyage. Two maritime security sources confirmed that the ship first reported problems on June 8, off the southern Yemeni Port of Mukalla. They added that preliminary assessments suggested that an explosion had occurred onboard. Satellite image taken on July 28 shows that there...

Saudi Arabian state oil producer Saudi Aramco raised its official prices for liquefied petroleum gas by between 6% and 7% in August, traders reported on Friday. This was due to a higher demand for the product on global markets. Algeria's Sonatrach raised LPG prices between 19% and 23 % for August, according to traders. Saudi Aramco’s August OSPs have increased by $40 per metric tonne to $620. For propane, the price has increased by $40 per ton up to $640. Butane is a good alternative. LPG comes in two types: Propane (also known as butane) and propane. Both have different...

Two industry sources have told? Two industry sources told? After repeated Ukrainian drone strikes on oil refineries caused shortages and price spikes, Moscow has introduced a "range" of measures to support its domestic fuel market. The measures include rail imports from Belarus and Kazakhstan of gasoline?and an export ban. Sources claim that a tanker flying the Panama flag loaded the cargo in Morocco's port Tangier at the end of July and is now dumping it at Russia's Arctic Port of Murmansk. Sources added that Lukoil was the supplier. The St. Petersburg International Mercantile Exchange (SPIMEX), which is a part of...

The Ukrainian association of 'grain producers' and 'exporters' said that the 2026 crop is expected to reach 84.6 metric tons. According to the statement of the grain association, this forecast has been increased by 1,000,000 tons due to favorable weather conditions. The association estimates that potential exports for the 2026/27 seasons could reach almost 52 million tonnes. It said that the wheat harvest is expected to be 23.7 million tonnes, and exports will reach 18 million tons. The capacity of Ukraine to export grain has declined significantly over the past few weeks, as Russia intensified its strikes against Black Sea...

Singapore has granted 'eight new licenses for the supply of liquefied 'natural gas to be used as a marine lubricant in Singapore starting?September 1, -2026, Maritime and Port Authority of Singapore announced on Thursday. The new licenses will increase Singapore's LNG bundling capacity in order to meet the growing demand and support a multi-fuel hub. Licenses were granted to a number of companies, including Aramco Trading Singapore and Equatorial Marine Fuel?Management?Services. Other recipients include PetroChina International Singapore and Shell Eastern Trading. The licenses are valid for a period of five years, from September 1, 2026 until August 31, 2031. LNG...

Russia said on Thursday that it had launched a series of 'overnight strikes' on Ukrainian military factories, including in Kyiv, the capital, and Lviv in western Ukraine. It also claimed to have hit three cargo ships at sea in the Black Sea. The Defence Ministry claimed that it used missiles launched from land, sea, and air, along with strike drones to 'hit the Mayak Factory in Kyiv, which was said to be involved in the production of Ukrainian FP-1 & FP-2 strike robots. In the same statement, it claimed that it had hit Kyiv’s Electrical Technical Plant where it was...

Avolta, a travel retailer and food service operator, reported on Thursday a 3.7% increase in its organic first-half turnover. Tight cost management helped to generate cash despite the volatile geopolitical environment. The Swiss company that operates shops, cafes and restaurants in airports, cruise ships, seaports, and other tourist destinations worldwide reported a core turnover of 6.44 billion Swiss Francs ($7.90billion) for the first half, down from 6.61?francs an year ago. The company stated that organic growth would have increased by 5.2% if the Middle East conflict had been taken into account. Avolta's medium-term outlook was maintained, with the company citing...

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...

Ambrey, a British maritime security company, said that a drone had hit a U.S. owned gas storage tanker in Egypt's Mediterranean port of Damietta. This was an initial assessment, which could indicate a new outbreak of conflict throughout the Middle East. Egypt's petroleum minister confirmed that there was a fire in the port, but did not mention a drone strike and did provide no explanation for the incident. Inchcape, a port services company, said in an unrelated message that two gas tanks had caught fire at Damietta. Three sources who were familiar with the incident confirmed that a drone struck...

CMA -CGM, a French shipping company, has acquired FedEx's "third-party logistics" business, valued at $1.4 billion. The deal was announced on Wednesday, in an effort to increase its presence both in the United States and the logistics industry. The deal, which is expected to be completed later this year, will give CMA CGM, via its CEVA Logistics subsidiary a total of 20,000 contract logistics employees and 150 warehouses in North America. CMA CGM announced that following the acquisition the companies will also develop partnerships, under which CMA CGM would be the "preferred ocean carrier" for FedEx, and they would collaborate...

The Financial Times reported that the French container shipping company CMA CGM was 'nearing' a deal to buy FedEx's third-party logistics division for $1.4 billion cash. The report said that the talks between the two companies have advanced to a point where a deal may be reached as early as Wednesday. Could not verify the report immediately. CMA CGM and FedEx didn't immediately respond to comments outside of regular business hours. CMA 'CGM will be diversifying into air freight and logistics. FedEx will be able to focus on its core network of air-ground deliveries after selling its third-party logistic business...

FedEx beat estimates for its quarterly profits?and projected an 11% increase in revenue by 2026. However, shares fell 5.7% after a margin drop in the core express segment. Delivery giant also predicted earnings per share between $16,90 and $18,10 for the year. It has shifted its fiscal year from May to coincide with the calendar, instead of its previous year-end. Analysts are still working on'models' that will allow them to compare the new forecast with their previous one. It also follows its June 1 spin-off of its freight trucking division, FedEx Freight. This is part of a multiyear effort by...

FedEx, a global delivery company, said that it expects its revenue to increase?about 11 percent and earnings per share to be in the range of 16 to 18 dollars. This comes after reporting on Tuesday a higher profit for the fourth quarter, helped by increased rates. FedEx's fiscal year has been aligned with the calendar. The fiscal year of FedEx ended on May 31, previously. This comes just weeks after FedEx Freight was spun off on June 1, as part of a multi-year effort to streamline its operations and reduce costs by billions of dollars. FedEx reported an adjusted profit...

Companies are trying to protect their workers and keep operations running as temperatures in Europe reach above 40 degrees Celsius. They also want to take advantage of the soaring demand that could be a relief. DHL, the German logistics giant, has provided its delivery staff in Germany with "cool boxes", which contain reusable cooling towel, water-activated arm coolers, and UV-protective collar guards. Construction firms have shifted their working hours so that they start earlier and end before the hotter part of the day. Retailers are struggling to meet the demand for portable air conditioners and fans. DHL stated that "extremely...

Gregor Stuart Hunter gives us a look ahead at what the markets will be like in Europe and around the world. The yen is once again near its lowest levels?in the last 40 years, and the possibility of a joint intervention is looming after the?U.S. and Japan's finance minister met online. Treasury Secretary held an online "meeting" to discuss global financial markets. In the morning Asian trading on Tuesday, the yen traded at 161.60 to a dollar, its lowest level in two-years. It had moved within a few pip of levels that were not seen in decades during U.S. market...

DHL Express Europe believes that its aviation fuel supply is secure for the summer, despite the uncertainty caused by Iran's war. This was made possible by diversifying its sources and easing market pressures, according to Chief Executive Mike Parra. The jet fuel market has loosened over the past few weeks, as the demand for the product has weakened and the imports of it into Europe from the United States have increased. DHL Express is the largest division within German logistics and post services group DHL. It employs approximately 120,000 people around the world. DHL Express operates a fleet consisting of...

DHL Express Europe's CEO, Mike Parra, said that despite the uncertainty caused by a looming war in Iran, it is confident about its aviation fuel supplies for the summer. This is due to easing market pressures and diversifying its sources. In an interview with Parra on Tuesday, he said: "At this time, we do not have any risk" in major hubs, gateways or?major cities. No disruptions are anticipated. In recent weeks, the jet fuel market has loosened as the demand for it has slowed and imports from the United States of America, Nigeria, and South Korea have increased. The head...

At its annual Choose France Business Summit on Monday, France announced 71 projects for foreign investment worth a total of EUR93 billion ($108.3billion). They will create over 15,600 jobs. The biggest announcements focused on?artificial Intelligence and data centres. President Emmanuel Macron is seeking to position France as a European Hub?for AI Infrastructure, helped by the?low-carbon electric supply. Here are some of the major 'investment' pledges: AI AND DATA CENTRES SoftBank has plans to build and operate five gigawatts of AI-dedicated capacity data centres in France. This includes an initial EUR45billion investment in Hauts-de-France for 3.1gigawatts by 2031. These projects will...

Ofcom, the British media and telecoms regulator, opened an investigation on Monday into Royal Mail after it failed to meet its delivery targets for fiscal 2025/26. The post and parcel group is embarking on new delivery patterns as well as investing in order to improve service. Royal Mail will invest PS500 million (approximately $673 million) over the next five-years to reduce delivery times and costs. This comes after regulator Ofcom set "minimum acceptable deadlines" and launched a price review of its business last year. Ofcom published delivery data last Friday showing that, for the year up to March, only 75.7%...

?The U.S. The U.S. Postal Service announced Thursday that it had signed a'multi-year agreement with DHL eCommerce for parcel delivery in the U.S. DHL?eCommerce is a U.S. division of the German logistics giant DHL Group. The deal, according to DHL, will help the company grow on the U.S. Market over the next few years. DHL eCommerce, which has 19 hubs in the U.S., will be responsible for the pickup and sorting of all deliveries before USPS completes the final mile. Deal is crucial for the financially strapped USPS. It has warned that it may run out of money as early...

The U.S. The U.S. DHL eCommerce, a division of the German logistics giant DHL Group said that the deal would help the company grow in the U.S. over the next few years. David Steiner, Postmaster-General of the United States, said in an exclusive interview that DHL has the opportunity to "play in the largest market on the planet." He said that DHL would have to "invest a lot of capital" to build an end-to -end network or partner with someone who has the last mile capability, like USPS. DHL eCommerce will handle pickups and sortation at its 19 U.S. hubs,...