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European oil stocks fall tracking lower oil prices

BUZZ-European oil stocks fall tracking lower oil prices ** The European oil and gas index .SXEP falls as much as 2.6%, tracking a decline in global oil prices amid demand concerns and comments by Israel on escalating tensions with Iran ** Oil prices fell $2 in early Asian trade on a lowered OPEC outlook for global demand growth in 2024 and 2025, an
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Bunzl, Equinor ASA, L'Oreal

EUROPE RESEARCH ROUNDUP-Bunzl, Equinor ASA, L'Oreal Oct 14 (Reuters) - Securities analysts revised their ratings and price targets on several European companies, including Bunzl, Equinor ASA and L'Oreal, on Monday. HIGHLIGHTS * Adidas AG ADSGn.DE : UBS raises target price to EUR 279 from EUR 275 * Bunzl BNZL.L : JP Morgan raises to overweight from neutral * Equinor ASA EQNR.OL : Morgan Stanley raises to equal weight from underweight * L'Oreal OREP.PA : Citigroup cuts target price to EUR 420 from
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OMV Petrom Finalises Two Transactions With Renovatio

BRIEF-OMV Petrom Finalises Two Transactions With Renovatio Oct 10 (Reuters) - OMV AG OMVV.VI : OMV PETROM HAS FINALISED THE ACQUISITION OF 50% OF THE SHARES IN ELECTROCENTRALE BORZEȘTI FROM RNV INFRASTRUCTURE OPERATING PLANTS WITH CAPACITY OF 18 MW HAVE BEEN ADDED TO OMV PETROM'S PORTFOLIO PROJECTS WITH AN OUTPUT OF AROUND 1,000 MW ARE BEING DEVEL
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North Sea Crude-Forties, Ekofisk and Brent tick higher

North Sea Crude-Forties, Ekofisk and Brent tick higher LONDON, Oct 9 (Reuters) - North Sea Forties, Ekofisk and Brent crude differentials all gained ground on Wednesday as fresh buying interest surfaced from trading firm Gunvor in the afternoon Platts window. PLATTS WINDOW * No deals, a source said. * Brent/Ninian: Vitol bid for an Oct. 21 - Nov. 13 cargo at dated Brent plus $2.45 CIF Rotterdam.
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Exane sees OPEC+ excess capacity looming over oil & gas sector

BUZZ-Exane sees OPEC+ excess capacity looming over oil & gas sector ** Exane BNP Paribas says it sees a "substantial" excess OPEC+ capacity hanging over the oil & gas sector "like the Sword of Damocles", anticipating a new phase for oil markets ** The broker warns that the excess OPEC+ capacity is colliding with insufficient global demand to absorb next year's expected non-OPEC supply growth ** Exane says the Brent oil price will have to move to a $60-65 per barrel level that may not only stimul
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North Sea Crude-Ekofisk and Forties weaken

North Sea Crude-Ekofisk and Forties weaken LONDON, Oct 8 (Reuters) - North Sea Ekofisk and Forties crude differentials weakened on Tuesday after two deals while an offer of U.S. WTI Midland failed to draw any bids. PLATTS WINDOW * Indications are free on board (FOB) unless marked as cost, insurance and freight (CIF) or delivered at place (DAP). * Ekofisk: OMV sold to Total Oct.
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Asia Fuel Oil-VLSFO rebounds on firmer trading activity

Asia Fuel Oil-VLSFO rebounds on firmer trading activity SINGAPORE, Oct 8 (Reuters) - Spot premium for very low sulphur fuel oil (VLSFO) rebounded on Tuesday after hitting seven-week lows in the previous session, with the emergence of stronger-priced trades. The premium was pegged at $7.25 a metric ton, up from levels of about $5 per ton on Monday.
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Online retailer Shein's 2023 sales hit $2 billion in UK

UPDATE 3-Online retailer Shein's 2023 sales hit $2 billion in UK UK business booked a pretax profit of 24.4 mln stg in 2023 Shein seeking regulatory approval for a UK listing To start informal investor meetings soon, sources say Adds details on UK footprint, tax loophole By Helen Reid Oct 8 (Reuters) - Shein's British business made 1.55 billion pounds ($2 billion) in revenue in 2023, a filing by the online fast-fashion group showed on Tuesday, as it prepares for a hotly debated listing in London
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Asia Naphtha/Gasoline-Naphtha crack continues to dip, PSO seeks Nov loading gasoline

Asia Naphtha/Gasoline-Naphtha crack continues to dip, PSO seeks Nov loading gasoline Oct 8 (Reuters) - Asia's gasoline margins improved on Tuesday after falling in the previous session. The crack rose to $4.06 per barrel over Brent crude from $3.20 in the previous session. Oman's OQLTD emerged as the biggest buyer at the closing window, snapping up 80% of the total number of the benchmark grade of octane traded.
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European futures fail to track China's rallying open

LIVE MARKETS-European futures fail to track China's rallying open Welcome to the home for real-time coverage of markets brought to you by Reuters reporters. You can share your thoughts with us at markets.research@thomsonreuters.com EUROPEAN FUTURES FAIL TO TRACK CHINA'S RALLYING OPEN European futures are heading for a soft open, taking their cue from a slump in Hong Kong .HSI rather than the opening roar in onshore Chinese markets' where stocks rose to two-year highs on stimulus hopes as markets
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Austria's OMV sees over $220 mln impact from Libyan oilfield disruptions in Q3

UPDATE 2-Austria's OMV sees over $220 mln impact from Libyan oilfield disruptions in Q3 Adds chemicals margins in paragraph 5, context in paragraph 6, share move in paragraph 7, analyst comment in paragraph 8 By Tristan Veyet and Isabel Demetz Oct 8 (Reuters) - Austrian oil and gas group OMV OMVV.VI said on Tuesday it expected an impact of more than 200 million euros ($220 million) on its third-quarter clean operating result following oil production disruptions in Libya.
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OMV Q3 Ethylene Indicator Margin Europe In EUR/T At 522

BRIEF-OMV Q3 Ethylene Indicator Margin Europe In EUR/T At 522 Oct 8 (Reuters) - OMV AG OMVV.VI : Q3 OMV ETHYLENE INDICATOR MARGIN EUROPE IN EUR/T AT 522 Q3 OMV PROPYLENE INDICATOR MARGIN EUROPE IN EUR/T AT 406 Q3 OMV POLYETHYLENE INDICATOR MARGIN EUROPE IN EUR/T AT 447 Q3 OMV POLYPROPYLENE INDICATOR MARGIN EUROPE IN EUR/T AT 407 Q3 AVERAGE REALIZED
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Austria's OMV records mixed energy prices in Q3

Austria's OMV records mixed energy prices in Q3 Oct 8 (Reuters) - Austrian oil and gas group OMV OMVV.VI said on Tuesday its average realised prices for energy were mixed in the third quarter, weakened by the average price of crude oil that fell 3.8% compared to the prior three months. Average realised price for natural gas meanwhile rose 7.3% to 24.9 euros per MWh, it said.
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North Sea Crude-Johan Sverdrup trades lower

North Sea Crude-Johan Sverdrup trades lower LONDON, Oct 7 (Reuters) - North Sea Johan Sverdrup crude differentials edged lower on Monday, while Forties and Ekofisk differentials held steady as cargoes were on offer above recent bid levels. PLATTS WINDOW * Indications are on a free-on-board (FOB) basis unless marked as cost, insurance and freight (CIF) or delivered at place (DAP).
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Libyan oilfields open now that central bank dispute resolved

UPDATE 3-Libyan oilfields open now that central bank dispute resolved NOC lifts force majeure at all oilfields and terminals Production resumption could pave way for OPEC member to raise output Technical problems delay full capacity production at Elfeel, engineers say Adds resumption of production at ElFeel oilfield in paragraphs 11 and UNSMIL's statement in paragraphs 16 and 17 BENGHAZI, Oct 3 (Reuters) - Libya's eastern-based government and Tripoli-based National Oil Corp (NOC) announced on Th
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ADNOC's deals with European companies

FACTBOX-ADNOC's deals with European companies Updates with deal to buy Covestro Oct 1 (Reuters) - State-owned Abu Dhabi National Oil Co, or ADNOC, has been pursuing a series of merger and acquisition deals with European companies, with an aim to diversify and develop its chemicals and renewable energy operations. Here are the deals and talks ADNOC is involved in: COVESTRO 1COV.DE ADNOC said on Oct.
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Abu Dhabi's ADNOC to buy German chemicals firm Covestro for $16 bln

UPDATE 6-Abu Dhabi's ADNOC to buy German chemicals firm Covestro for $16 bln ADNOC to pay 62 euros per Covestro share, take on 3 bln in debt To buy additional 1.2 bln euros worth of new shares in Covestro Covestro shares jump 3.7% to a three-year high Deal could fuel debate over foreign takeovers of German firms Adds Covestro supervisory board's advisers in paragraph 26 By Ludwig Burger and Yousef Saba BERLIN/DUBAI Oct 1 (Reuters) - Abu Dhabi's ADNOC has struck a deal to buy German chemicals mak
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Romanian gas producer Romgaz raises 500 mln euros from debut Eurobond

Romanian gas producer Romgaz raises 500 mln euros from debut Eurobond BUCHAREST, Sept 30 (Reuters) - Romanian state-owned gas producer Romgaz ROSNP.BX launched its first eurobond issue on Monday, selling 500 million euros ($559.50 million) worth of five-year paper, IFR data showed, to partially fund a deepwater gas project in the Black Sea. Romgaz has partnered with oil and gas group OMV Petrom ROSNP.BX to develop the Neptun Deep Black Sea gas project , one of the European Union's most significa
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OMV Petrom Concludes Transaction With Jantzen Renewables To Acquire Photovoltaic Projects In Romania

BRIEF-OMV Petrom Concludes Transaction With Jantzen Renewables To Acquire Photovoltaic Projects In Romania Sept 30 (Reuters) - OMV AG OMVV.VI : OMV PETROM CONCLUDES TRANSACTION WITH JANTZEN RENEWABLES TO ACQUIRE SEVERAL PHOTOVOLTAIC PROJECTS IN ROMANIA INSTALLED CAPACITY OF THE SOLAR PARKS WILL BE AROUND 710 MW Further company coverage: OMVV.VI (Gd
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Clear Street seeks to join London Metal Exchange's open-outcry trading floor, source says

Clear Street seeks to join London Metal Exchange's open-outcry trading floor, source says LONDON, Sept 25 (Reuters) - U.S. broker Clear Street is seeking regulatory approvals in Britain to pursue membership of the London Metal Exchange's open-outcry trading floor, a source with direct knowledge of the matter told Reuters on Wednesday. Clear Street's plan, first reported by Bloomberg news agency, would take the number of dealing members on Europe's last open-outcry venue back to eight after Socie
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