Oil Slips After Bearish EIA Data, IEA Report

Oil extended its retreat in Europe, with crude's weakness triggered by surprisingly bearish EIA inventory data, said DNB Markets. 


 
EDF Keeps Profit Outlook Despite Sales Fall

EDF maintained its 2020 earnings forecast despite reporting a 4% drop in sales for the first nine months, which took a EUR2 billion hit due to the coronavirus pandemic. 


 
Engie Profits Fall But Forecasts Remain

Engie reported a sharp drop in operating income for the first nine months of the year. after it took a EUR1 billion hit from the coronavirus pandemic, but kept its 2020 forecasts intact for income and capex. 


 
Central Bank Leaders Embrace Climate Concerns as Key Policy Objective

Top central bank leaders said Thursday climate-change risks are an increasingly important consideration in their thinking about their respective economies and financial systems, and that environmental concerns also are increasingly a factor in their monetary policy considerations. 


 
Oil prices settle lower after  surprise climb in U.S. crude supplies, rise in coronavirus cases

Oil futures settle with a loss on Thursday, pressured by an unexpected weekly climb in U.S. crude inventories and lower demand expectations on the back of ongoing COVID-19 concerns. 


 
Oil-Demand Recovery Unlikely for Months Despite Vaccine Hopes

Global oil markets may have rallied on the latest positive vaccine trial results, but they are unlikely to feel any significant economic benefits until well into next year, the IEA said. 


 
RWE Confirms Outlook as Profits Rise

RWE posted a 13% rise in its core earnings for first nine months of the year, and confirmed its guidance and planned dividend increase for 2020. 


 
OPEC Deepens Forecast for Drop in Global Oil Demand

Coronavirus lockdowns in Europe and weakening consumption in the Americas will result in global oil demand taking a larger hit in 2020 than previously expected, the Organization of the Petroleum Exporting Countries said. 


 
Oil Forecasters' Gloom Eclipsed by Vaccine Hope

For the first time since March, there are silver linings to be found in the oil-demand outlook. 


 
Iran's Enriched Uranium Stockpile Is 12 Times Accord's Cap-U.N.  Agency

Iran is continuing to build up its stockpile of low-enriched uranium and now holds more than ten times the amount permitted under the 2015 nuclear agreement, the United Nations Atomic Agency said in a report.

(END) Dow Jones Newswires

11-13-20 0715ET