Weak Wind Cuts RWE's Profit
Germany's biggest power producer RWE posted lower-than-expected core profit for the first half on Thursday, citing weak wind conditions as well as a muted trading business.First-half adjusted earnings before interest, tax, depreciation and amortization fell by more than a quarter to 2.14 billion euros ($2.50 billion), missing the 2.24 billion average estimate in an analyst poll provided by the company.The group, which is also the world's second-biggest developer of offshore wind projects, still
Hapag-Lloyd Cites Geopolitical Uncertainty, Lowers 2025 Earnings Forecast
Container shipping company Hapag-Lloyd reported a 3.1% decline in first-half net income on Thursday and lowered the top end of its full-year earnings forecast, largely due to uncertainty over geopolitical issues and U.S. trade policy.The world's fifth-largest shipping firm projected full-year earnings before interest and taxes ranging between 200 million euros and 1.1 billion euros, compared with a previously expected range of breakeven to 1.5 billion euros.Frequent changes in U.S.
Nigeria Increases US Crude Imports
During the first seven months of 2025, Nigeria’s seaborne imports of clean petroleum products (CPP) declined by 39% compared to the same period in 2024, reaching 230 thousand barrels per day (kbpd). The decrease follows a 19% reduction during 2024.The reduction in imports is due to the start of operations at the 650 kbpd capacity Dangote refinery early last year. By June 2025, the refinery’s output had reached 550 kbpd…
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