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☆ Exclusive: Exxon aims to begin lithium production by 2026 in Arkansas
▼ + stars: | 2023-11-11 | by ( Ernest Scheyder | Thomson Reuters | Ernest Scheyder Is An Award-Winning Senior Correspondent Covering The Green Energy Transition | ) www.reuters.com time to read: +4 min

For Exxon and other oil companies, lithium production offers the prospect of selling a new product with relatively little added cost. OTHER ACREAGESeparate from its Tetra partnership, Exxon also controls more than 100,000 acres in Arkansas from which it plans to begin lithium production by 2027, according to the source. It was not clear whether Exxon plans to expand lithium operations outside Arkansas. Like all oil producers, Exxon extracts water containing traces of lithium as part of fossil fuel production. The Arkansas Oil and Gas Commission, which overseas lithium operations in the state, has said it plans to hold hearings on the matter.

Persons: Darren Woods, Mike Blake, Albemarle, Ernest Scheyder, Caroline Humer, David Gregorio Our Organizations: ExxonMobil, Milken, Global Conference, REUTERS, Exxon Mobil, Exxon, Tetra Technologies, EV, Reuters, Tetra, Chevron, Battery Metals, EnergySource Minerals, Energy, Arkansas Oil and Gas Commission, Benchmark Minerals, Thomson Locations: Beverly Hills , California, U.S, Arkansas, Florida, Texas, Albemarle, Louisiana, Los Angeles

☆ BP, Edison, Shell ask US, EU to intervene in Venture Global LNG dispute
▼ + stars: | 2023-11-11 | by ( ) www.reuters.com time to read: +3 min

Venture Global LNG has said the Louisiana plant is not fully operational due to faulty power equipment that is being repaired. Their appeals sought to get The Hague and Washington to pressure Venture Global LNG on the contracts. In its letter, Shell accused Venture Global LNG of diverting resources into building a second LNG export plant rather than completing repairs to its first plant. Officials from the EU and U.S. indicated they view the dispute as "a contractual matter between commercial parties," a Venture Global LNG spokesperson said on Saturday. Venture Global LNG is operating the Calcasieu Pass plant at capacity, it has told U.S. regulators.

Persons: Chris Helgren, Carol Howe, Michael Sabel, Robert Pender, Gary McWilliams, Diane Craft Organizations: BP, REUTERS, Rights, Edison, Shell, Venture Global LNG, U.S, EU, Force, Energy Security, Venture Global, Global, Reuters, Venture Global Co, Energy Regulatory, Thomson Locations: Vancouver , British Columbia, Canada, U.S, EU, Arlington , Virginia, Louisiana, Hague, Washington, Calcasieu, Europe

☆ India's ONGC posts 20% drop in quarterly profit on lower crude prices
▼ + stars: | 2023-11-10 | by ( ) www.reuters.com time to read: +1 min

The logo of Oil and Natural Gas Corp's (ONGC) is pictured along a roadside in Ahmedabad, India, September 6, 2016. REUTERS/Amit Dave/File Photo Acquire Licensing RightsBENGALURU, Nov 10 (Reuters) - India's state-run Oil and Natural Gas Corp (ONGC) (ONGC.NS) on Friday posted a more than 20% drop in second-quarter profit, dragged down by lower prices for crude oil. The company's profit fell to 102.16 billion Indian rupees ($1.23 billion) for the quarter ended Sept. 30, compared with 128.26 billion rupees a year earlier. ONGC's total crude oil production fell 2.1% to 5.25 million metric tons (MMT), while total gas production dropped 2.8%. Oil India (OILI.NS) reported a more than 80% drop in second-quarter profit on Wednesday as it set aside 23.63 billion rupees for an ongoing litigation.

Persons: Amit Dave, Nishit Navin, Anil D'Silva Organizations: Gas, REUTERS, Rights, Natural Gas Corp, Oil, Sethuraman, Thomson Locations: Ahmedabad, India, Oil India, Bengaluru

☆ A bullish bet on Exxon Mobil using options after decline in crude oil prices
▼ + stars: | 2023-11-10 | by ( Jeff Kilburg | ) www.cnbc.com time to read: +4 min

@CL.1 YTD mountain WTI in 2023 Despite all of that sounding quite bleak for energy and oil, I believe there is opportunity in Exxon Mobil . Exxon is the world's largest refiner with a total global oil refining capacity of nearly 5 million barrels per day. The option strategy that I will utilize is a credit spread, better known as a risk reversal. This risk reversal is being used as an aggressive bull trade. Being forced to buy Exxon Mobil lower than where I initially opened the risk reversal is still a better outcome than if I would have simply purchased the stock outright.

Persons: Brian Sullivan, Sully, XOM Organizations: West Texas, Exxon Mobil, Exxon Locations: China

The Gaza war on the border with Egypt's Sinai Peninsula comes after the impact of Russia's invasion of Ukraine and the coronavirus pandemic exposed long-standing frailties in the Egyptian economy. "Foreign sentiment on Egypt is so weak, and now with this coming along it's last thing that Egypt needed. A foreign currency shortage has led to a $5 billion backlog of imports stuck at ports, and problems for foreign companies repatriating dividends, bankers say. So far, the Gaza war has affected the popular Sinai destinations of Taba, Nuweiba, Dahab and Sharm el-Sheikh but left the rest of the country relatively unscathed. Egypt's tourism minister told Reuters this week that the impact of the war was contained to under 10% of bookings.

Persons: Mohamed Abd El Ghany, Monica Malik, Moataz, Sharm, Karim ElMinabawy, Siamak Adibi, Egypt's, Olumide Ajayi, Malik, Patrick Werr, Sarah El Safty, Aidan Lewis, Toby Chopra Organizations: REUTERS, Abu, Tourism, Countrywide, Emeco, Middle East Gas, FGE, United Arab, Thomson Locations: Giza, Cairo, Egypt, CAIRO, Gaza, Ukraine, Dhabi, Taba, Dahab, Luxor, Aswan, Israel, Europe, Saudi Arabia, United Arab Emirates, Kuwait, Qatar, Gulf . Saudi

PARIS (AP) — French President Emmanuel Macron said on Friday that melting glaciers are an “unprecedented challenge for humanity” and urged world leaders to work together on halting the devastating effects of climate change. The world, Macron said, is witnessing “the collapse of the cryosphere under the impact of climate change,” referring to parts of the Earth where water is in solid form, including glaciers. “The most immediate and visible effect is the melting of the ice caps ... it represents an unprecedented challenge for humanity,” Macron said. The Artic is rapidly losing sea ice as global warming causes the ice to weaken and disappear. The frozen Antarctic has also seen dramatic ice sheet melt, disappearing glaciers and unusually high temperatures as the world heats up.

Persons: Emmanuel Macron, ”, Macron, ” Macron, It’s Organizations: PARIS, —, Paris Peace Locations: Ukraine, Israel, Paris, China, Russia

☆ A 77-year-old Uber driver in Florida said she's struggling to make ends meet as rides become harder to get
▼ + stars: | 2023-11-09 | by ( Noah Sheidlower | ) www.businessinsider.com time to read: +6 min

A 77-year-old Uber driver said she's struggling to earn enough to supplement her Social Security. download the app Email address Sign up By clicking “Sign Up”, you accept our Terms of Service and Privacy Policy . Some weeks, the amount she's made from rides is less than the cost of gas and car repairs. She wishes she could stop entirely, but she's semi-retired and needs to work at least part-time to supplement her Social Security benefits. Because she drives a smaller car, she can only accept UberX rides, which tend to earn less than UberXL or Uber Black rides.

Persons: Uber, she's, that's, —, Germaine, She's, haven't incentivized, hasn't, it's Organizations: Service, Security, Postmates, Uber, Lyft, Social Security, Accounting Locations: ridesharing, South Florida

☆ The first US commercial plant has started to pull carbon from the air. It's able to suck out 1,000 tons annually and plans to expand.
▼ + stars: | 2023-11-09 | by ( Maiya Focht | ) www.businessinsider.com time to read: +4 min

JENN CAIN/Getty ImagesHeirloom uses direct air capture technology, which essentially means that its product is able to suck free carbon dioxide out of the air, according to its website. The captured carbon dioxide gets packed into concrete or injected into the ground, where Heirloom said it's held permanently. Why they made this tech in the first placeExcess carbon dioxide in the atmosphere traps heat and warms the planet. Carbon capture is not a cure for climate changeUsing carbon capture alone won't be a cure-all for our climate woes. AdvertisementAdvertisement"Fossil-fuel companies love carbon capture because it really does let them off the hook," he said.

Persons: it's, Shashank Samala, JENN, there'll, Energy Jennifer Granholm, Peter Kalmus, Kalmus Organizations: New York Times, Service, Carbon Technologies, Times, Getty, World Wildlife Fund, Boston Consulting Group, Energy, WWF Locations: California, Tracy , CA, Brisbane , California

☆ Occidental Petroleum beats Q3 estimates on higher production
▼ + stars: | 2023-11-08 | by ( Sabrina Valle | Thomson Reuters | U.S. Energy Correspondent Focused In Covering Global Operations Of Oil Majors Out Of Houston. | ) www.reuters.com time to read: +2 min

The logo for Occidental Petroleum is displayed on a screen on the floor at the New York Stock Exchange (NYSE) in New York, U.S., April 30, 2019. The oil and gas company reported a $1.18 a share profit compared to average Wall Street analyst forecasts for an 84 cent a share profit, according to LSEG. Its chemical and midstream unit earnings fell compared to a year ago. Midstream swung to a loss of $130 million from a $104 million profit. Its chemicals business profit fell to $373 million from $580 million a year ago.

Persons: Brendan McDermid, Warren Buffett's, Midstream, Sabrina Valle, Sourasis Bose, Krishna Chandra Eluri, Stephen Coates, Jamie Freed Organizations: Occidental Petroleum, New York Stock Exchange, REUTERS, Rights, Tuesday, Occidental, Berkshire Hathaway's, Anadarko Petroleum, BlackRock, Devon Energy, Thomson Locations: New York, U.S, Berkshire, Occidental, Texas, Devon, Houston, Bengaluru

☆ A millennial Uber and Lyft driver who earned $25,000 last year explains how he makes money when customer tipping is 'nonexistent'
▼ + stars: | 2023-11-08 | by ( Jacob Zinkula | ) www.businessinsider.com time to read: +5 min

Keeping his gas expenses as low as possible and being selective with rides have helped boost his pay. AdvertisementAdvertisementKen, a 36-year-old Uber and Lyft driver in Houston, uses his one-hour commute to work each morning as an opportunity to make some extra money. Last year, he earned a combined $25,000 driving for Uber and Lyft from about 2,000 trips, according to screenshots of earnings documents viewed by Insider. To entice customers to tip, Ken said he keeps his vehicle clean and doesn't push people to have conversations. He said his 2023 Hyundai Elantra is fuel efficient — averaging about 40 miles per gallon — and that this helps keep his gas expenses as low as possible.

Persons: Ken, Uber, —, Lyft, He's Organizations: Service, Hyundai Locations: Texas, Houston

☆ Two-thirds of North America could face power shortages this winter -NERC
▼ + stars: | 2023-11-08 | by ( ) www.reuters.com time to read: +3 min

In its 2023-24 winter outlook, the regulatory authority warned that prolonged, wide-area cold snaps threaten the reliability of bulk power generation and availability of fuel supplies for natural gas-fired generation. "Recent extreme cold weather events have shown that energy delivery disruptions can have devastating consequences for electric and gas consumers in impacted areas," NERC said. It put the U.S. Midwest, Northeast, Mid-Atlantic, and South, along with some Canadian provinces, at the highest risk for electricity supply shortages this winter. NERC also found that load forecasting in winter is growing in complexity, and underestimating demand is a risk to reliability in extreme cold temperatures. Flows of gas into pipelines were reduced during Elliott, while demand for the fuel for heating and power generation increased, dramatically lowering line pressures.

Persons: Greenlee Beal, NERC, John Moura, Storm Elliott, Elliott, Anjana Anil, Scott DiSavino, Leslie Adler, Marguerita Choy Organizations: PIKE Energy, REUTERS, North American Electric Reliability Corp, U.S ., PJM, Reliability Corp, Texas, Federal Energy Regulatory, Storm, Consolidated Edison, Thomson Locations: Texas, San Antonio , Texas, U.S, Canada, U.S . Midwest, Northeast, South, New England, MISO , New York, New York City, Bengaluru, New York

☆ Ram made an electric truck with a generator for people who aren't ready to give up gas convenience
▼ + stars: | 2023-11-08 | by ( Tim Levin | ) www.businessinsider.com time to read: +3 min

The 2025 Ram 1500 Ramcharger is a new electric truck... kind of. The 2025 Ram 1500 Ramcharger. StellantisRam's answer to those anxieties is the 2025 Ram 1500 Ramcharger, an electric truck with a range-extending gasoline generator. The 2025 Ram 1500 Ramcharger. The 2025 Ram 1500 Ramcharger.

Persons: Ramcharger, —, Rivian, Tesla, Stellantis, Ram Organizations: Service, Tesla, Toyota RAV4 Prime, Chevrolet, Ford, General Motors

☆ Britain bans 'laughing gas' to curb anti-social behaviour
▼ + stars: | 2023-11-08 | by ( ) www.reuters.com time to read: +2 min

Policing Minister Chris Philp hosts a roundtable in Downing Street with senior policing figures and UK's biggest retailers to set out a joint plan of action to tackle the rise in shoplifting and to catch more prolific offenders, in London, Britain October 23, 2023. "For too long the use of this drug in public spaces has contributed to anti-social behaviour which is a blight on communities. We will not accept it," Britain's policing minister Chris Philp said in a statement. In September, interior minister Suella Braverman said people were "fed up" with the use of drugs in public spaces, with discarded gas canisters being littered across Britain's streets. Under the ban, nitrous oxide will be prescribed as a "Class C" drug and classified in "the least harmful" category of drugs under Britain's laws alongside anabolic steroids, benzodiazepines and growth hormones.

Persons: Chris Philp, Aaron Chown, Suella Braverman, Farouq Suleiman, Michael Holden Organizations: Thomson Locations: London, Britain

(This is CNBC Pro's live coverage of Tuesday's analyst calls and Wall Street chatter. Meanwhile, Deutsche Bank downgraded Peloton to hold from buy, slashing its price target on the stock. ET: Deutsche Bank downgrades Peloton on challenging near-term outlook Deutsche Bank analyst Lee Horowitz downgraded Peloton to hold from buy Tuesday, slashing their price target to $4 from $13 per share. Rats gave a €71.0, or $75.84, price target on the stock, implying shares could jump 14%. Ralph Lauren (price target: $130, pointing to 13% upside): The analyst noted Ralph Lauren's "consistent execution" should allow the stock to hold its premium valuation relative to peers.

Persons: Vivek Arya, Arya, — Pia Singh, Lee Horowitz, Horowitz, Peloton's, Morgan Stanley Morgan Stanley, Martijn Rats, Steven Shemesh, Shemesh, Lowe's, Ralph Lauren, Michael Binetti, Binetti, Ralph Lauren —, TJX, Ralph Lauren's, Fred Imbert Organizations: CNBC, ISI, Nike, Deutsche Bank, RBC Capital Markets, Semiconductor, EV, BofA Bank of America, Carbide, Silicon Carbide, TAM, Depot, PCE, TJX, Athletic Locations: France

☆ Most distant black hole discovered by Chandra, Webb telescopes
▼ + stars: | 2023-11-07 | by ( Ashley Strickland | ) edition.cnn.com time to read: +5 min

CNN —Two powerful NASA telescopes have detected the oldest and most distant black hole ever found. “We needed Webb to find this remarkably distant galaxy and Chandra to find its supermassive black hole,” said lead study author Akos Bogdan, in a statement. Potential black hole theoryTypically, black holes located at the centers of galaxies only have about 0.1% the mass of the stars within their host galaxy. The unusual black hole could be an “Outsize Black Hole” that formed when a huge cloud of gas collapsed, as theorized in 2017 by Priyamvada Natarajan, a coauthor on both studies and the Joseph S. and Sophia S. Fruton professor of astronomy and professor of physics at Yale University in New Haven, Connecticut. “We think that this is the first detection of an ‘Outsize Black Hole’ and the best evidence yet obtained that some black holes form from massive clouds of gas,” Natarajan said.

Persons: Chandra, James Webb, Webb, ”, Akos Bogdan, “, ” Bogdan, Abell, they’ve, Andy Goulding, Priyamvada Natarajan, Joseph S, Sophia S, ” Natarajan Organizations: CNN, NASA, Telescope, Harvard - Smithsonian Center for Astrophysics, Chandra, telltale, Princeton University, Yale University Locations: Cambridge , Massachusetts, New Jersey, New Haven , Connecticut

Of those to set a target, just 37% had one that covered their Scope 3 emissions, or those tied to a company's value chain. "A clear line in the sand on net zero has surfaced. Countless net zero targets are credibility light, but now we can say for certain that most of the world's largest listed companies are on the right side of the line on net zero intent," said John Lang, Project Lead, the Net Zero Tracker. As well as companies, the Net Zero Tracker tracks pledges made by nations, states and regions, and cities using machine and human data analysis. Alongside Oxford Net Zero, the consortium includes The Energy & Climate Intelligence Unit (ECIU); Data-Driven EnviroLab (UNC) and the NewClimate Institute.

Persons: Wolfgang Rattay, John Lang, Simon Jessop, Mark Potter Organizations: REUTERS, Nations, Dubai LONDON, Oxford University, Dubai, Oxford, The, Climate Intelligence, UNC, NewClimate Institute, Thomson Locations: Niederaussem, Germany, Dubai

☆ Biden impeachment inquiry end game comes into focus, but moderate Republicans still not sold
▼ + stars: | 2023-11-06 | by ( Annie Grayer | Melanie Zanona | ) edition.cnn.com time to read: +10 min

In recent days, Comer has said in media appearances that subpoenas for Biden family members are “imminent.”The end of the inquiry is still likely months away. They did, however, secure an interview with the special counsel overseeing the Hunter Biden criminal probe, David Weiss, for Tuesday, which is unprecedented given that the case is ongoing. At every turn, House Democrats and the White House have dismissed the allegations against the president and poked holes in the Republican-led investigation. “The subpoenas to Hunter Biden and other members of the Biden family should have already happened,” Gaetz told CNN. “We’ll see what comes out.”Even members involved in the inquiry know that the evidence doesn’t clear the key hurdles needed to move forward.

Persons: Joe Biden, Biden, –, “, Jim Jordan, Jordan, James Comer, James, Hunter, Comer, David Weiss, Jamie Raskin, Mike Johnson, Johnson, Matt Gaetz, ” Johnson, ” What’s, they’ve, ’ ” Comer, I’ve, we’ve, ”, James Biden, Kevin McCarthy, Hunter Biden, ” Gaetz, Comer doesn’t, hadn’t, it’s, ” Comer, Jack Morgan, Mark Daly, Lesley Wolf, Morgan, Daly, “ There’s, ” Jordan, Don Bacon, Mike Lawler, we’ll, ” Lawler, , Brian Fitzpatrick, Tom McClintock, Doug LaMalfa, “ I’ve, Steve Womack, Mike Rogers of Organizations: Republicans, GOP, Ohio Republican, CNN, Hunter Biden, House Democrats, Republican, Maryland, Capitol, Judiciary, of Justice, DOJ, The Justice, Nebraska Republican, Committee, ”, California Republican, Arkansas Republican Locations: Ohio, Florida, Ukrainian, Nebraska, New York, California, Arkansas, Mike Rogers of Alabama

☆ Pipeline operator Enbridge beats profit targets on higher transport volumes
▼ + stars: | 2023-11-03 | by ( ) www.reuters.com time to read: +2 min

REUTERS/Chris Helgren/File Photo Acquire Licensing RightsNov 3 (Reuters) - Pipeline operator Enbridge (ENB.TO) on Friday beat third-quarter profit estimates, benefiting from transporting higher volumes of oil and other liquids. Calgary, Alberta-based Enbridge moves about 30% of the crude oil produced in North America, and nearly 20% of the natural gas consumed in the United States. Mainline system transports light and heavy crude oil, natural gas liquids, and refined products from Edmonton, Alberta to various markets in Canada and the U.S. Midwest. In September, the company announced a $14 billion bid for Dominion Energy's (D.N) three utility assets, to create North America's largest gas utility platform. ($1 = 1.3735 Canadian dollars)Reporting by Tanay Dhumal in Bengaluru; Editing by Shinjini GanguliOur Standards: The Thomson Reuters Trust Principles.

Persons: Chris Helgren, Gregory Ebel, Ebel, Tanay, Shinjini Organizations: REUTERS, U.S . Midwest, Quarterly, Dominion, Thomson Locations: Calgary, North, Vancouver , British Columbia, Canada, Ukraine, Calgary , Alberta, North America, United States, Edmonton , Alberta, Enbridge, Bengaluru

MOSCOW, Nov 3 (Reuters) - Russia on Friday dismissed new U.S. sanctions over the war in Ukraine, saying that the United States would never defeat Moscow, while the boss of Russia's fastest growing natural gas company quipped the sanctions were a badge of success. The United States on Thursday targeted Russia's future energy capabilities, sanctions evasion and a suicide drone that has been a menace to Ukrainian troops and equipment, among others, in sanctions on hundreds of people and entities. The Arctic-2 LNG project - targeted by the new sanctions - had been expecting to start exporting soon and it is uncertain how much Russian LNG will now be blocked. The largest Russian LNG producer Novatek NVTK.MM said in September it would start shipments from Arctic-2 LNG early next year. Leonid Mikhelson, the head of Russian natural gas producer Novatek(NVTK.MM), told a conference in the Uzbek city of Samarkand that the U.S. sanctions were a badge "of our professionalism".

Persons: Maria Zakharova, Vladimir Putin, Putin, Novatek NVTK.MM, Leonid Mikhelson, Novatek, Guy Faulconbridge, Andrew Osborn Organizations: Monetary Fund, Russian LNG, Thomson Locations: MOSCOW, Russia, Ukraine, United States, Moscow, Russian, U.S, Europe, Uzbek, Samarkand

☆ Russia fumes at the West's charm offensive in its backyard, saying it's 'luring' its friends away
▼ + stars: | 2023-11-03 | by ( Holly Ellyatt | ) www.cnbc.com time to read: +9 min

One top official in Moscow was fuming as he claimed the West was "luring" its "neighbours, friends, and allies" away from Russia. Moscow's disdainThe French leader's comments are likely to have enraged Moscow, which is already watching Western efforts to court Central Asia with suspicion and disdain. "Look at how Western powers are wooing Central Asia," Lavrov told the BelTA news agency, in comments published by Russia's Foreign Ministry. "They have created numerous formats such as 'Central Asia plus' involving the United States, the EU, and Japan ... On top of the Central Asia plus EU format, the Germans have created their own format. China's roleThere's certainly a tussle for influence that's taking place in Central Asia, with China also "courting" the region to a certain extent.

Persons: Vladimir Putin, Emmanuel Macron, Macron, Kassym, Sergei Lavrov, Lavrov, Ilham Aliyev, Serdar Berdimuhamedow, Emomali Rahmon, Alexander Lukashenko, Mark Galeotti, Galeotti, we've, Ed Jones, There's, Joe Biden, Jim Watson, Alexander Titov, Russia's, Xi Jinping, Gurbanguly Berdimuhamedov Organizations: Getty, Ukraine, Kazakh, CNBC, Russian, Central, Russia's Foreign Ministry, EU, Commonwealth of Independent States, Central Asia's, West, General, Afp, Georgia —, Queen's University of Belfast, U.S, Analysts, of, Forum, International Cooperation, Xinhua News Agency Locations: 13,2023, Bishkek, Kyrgyzstan, Russia, Moscow, Central Asia, Kazakhstan, Soviet, Astana, France, Uzbekistan, United States, Japan, Turkmenistan, Russian, London, Europe, China, Central, Ukraine, Central Asian, Tajikistan, New York City, Belarus, Donetsk, Kherson, Luhansk, Zaporizhzhia, North Korea, Nicaragua, Syria, South Caucasus, Armenia, Azerbaijan, Georgia, Latvia, Lithuania, Estonia, Moldova, Afghanistan, Beijing, People's, of Turkmenistan

☆ Cramer's week ahead: Watch for earnings from oil and gas outfits
▼ + stars: | 2023-11-03 | by ( Julie Coleman | ) www.cnbc.com time to read: +2 min

He said he'll be paying close attention to several quarterly earnings reports, especially from oil and gas companies. "Now, we will not be oversold next week like we were when we came in on Monday, so I don't expect the kind of strength we got this week," Cramer said. "So, if you have some positions you don't like, it's time to [sell, sell, sell!]." On Monday, Cramer said he'll be waiting to hear earnings results from Coterra and Diamondback Energy , both oil and gas companies he likes. Disney reports after close, and Cramer said it's important the company indicates it has strategic partners with whom it can conduct business.

Persons: CNBC's Jim Cramer, he'll, Cramer, Tuesday's, Warren Buffett, David Zaslov, he's, Fisher, Danaher Organizations: Diamondback Energy, Emerson Electric, Warner Bros Discovery, Kellogg, Disney, Michigan Consumer, Federal Locations: Devon, Occidental, Kellanova, Michigan

Maine is the latest state to address foreign influence in elections. The Maine referendum on the Nov. 7 ballot would ban foreign governments, or companies with 5% or more foreign government ownership, from donating to future referendum races. The Maine proposal is straightforward by targeting foreign governments and companies owned by them, while leaving untouched foreign-based corporations with no government ownership. The idea of foreign influence in U.S. elections is something that unites people in an era of deep partisan divisions. “Of course we shouldn’t have foreign governments meddling in our elections.”___Follow David Sharp on X, the platform formerly known as Twitter, @David_Sharp_AP

Persons: Aaron McKean, McKean, Daniel Weiner, It’s, ” Weiner, “, Sen, Rick Bennett, —, Janet Mills, Maine’s, ”, Sarah Walker, Bennett, George Washington, David Sharp, @David_Sharp_AP Organizations: —, Hydro, Washington , D.C, Brennan Center for Justice, Hydro Quebec, Central Maine Power, CMP, Canadian, Republican, Democratic Gov, Maine Press Association, Maine Association of Broadcasters, Norges Bank, Qatar Investment Authority Locations: PORTLAND, Maine, — Maine, Hydro Quebec, Canadian, Washington ,, Minnesota, Florida, Idaho, Seattle, Portland , Maine, U.S, ” Maine, Spanish, In Montana, California, Luxembourg, Cyprus, Los Angeles, Canada, Calgary, Alberta, Qatar

REUTERS/Chris Helgren/File Photo Acquire Licensing RightsCompanies Shell PLC FollowLONDON, Nov 2 (Reuters) - Shell (SHEL.L) on Thursday reported third-quarter earnings of $6.2 billion, in line with expectations, on higher refining margins and strong liquefied natural gas (LNG) trading. The company announced share buybacks of $3.5 billion over the next three months, up from $2.7 billion in the previous three months. Shell reported adjusted earnings of $6.22 billion, broadly in line with a company-provided analysts' forecast of $6.25 billion. "Shell delivered another quarter of strong operational and financial performance, capturing opportunities in volatile commodity markets. Production in the Upstream division was up 3% from the previous quarter to 1.75 million barrels of oil equivalent per day (boed).

Persons: Chris Helgren, Shell, Wael Sawan, Ron Bousso, Jason Neely Organizations: Shell, REUTERS, Companies Shell, Integrated Gas, Thomson Locations: Vancouver , British Columbia, Canada, Australia, Trinidad and Tobago, Qatar

☆ Tencent, Alibaba and more: These firms are primed for buybacks and present opportunities, says Jefferies
▼ + stars: | 2023-11-02 | by ( Amala Balakrishner | ) www.cnbc.com time to read: +3 min

Announcements of big buyback programs in the region have been rising since 2021, "with a long runway ahead" given the trend's nascence, the firm's analysts wrote in an Oct. 25 research note. Here are some names from Jefferies' screen of companies that are set to "initiate or continue significant buybacks." Other Asian stocks that made Jefferies' list included Singapore's transport operator ComfortDelGro and Indonesian mining player United Tractors. Australian stocks featured on Jefferies list included gaming content and tech firm Aristocrat Leisure and steel manufacturer BlueScope Steel . Financial companies Jefferies' screen also included financial companies in Asia Pacific that are potentially buying back their shares.

Persons: Jefferies, Baidu, PE Reilly, Thailand's, — CNBC's Michael Bloom Organizations: Jefferies, MSCI, Companies, PE, China United Network Communications, Yunnan Baiyao Group, Energy, Vipshop Holdings, Foxconn Technology, South Korea, Kia, Samsung, LG Corp, United Tractors, BlueScope Steel, Financial, Thai Bank, Chartered Locations: Asia, MSCI Asia, Japan, China, Pacific, Yunnan, South Korea, Australia, South, Asia Pacific, Thai, Philippines

☆ Europe’s gas prices are a worry ahead of winter despite brimming stores
▼ + stars: | 2023-11-02 | by ( Anna Cooban | ) edition.cnn.com time to read: +8 min

But while gas shortages are unlikely in Europe this winter, the price of the fuel remains a worry. According to S&P Global, about one-fifth of global LNG supply travels through the channel on Iran’s south coast. In a less jittery market, neither incident may have had the effect it did, helping boost European gas prices by more than 40% over the course of a single week. High gas prices have presented a persistent economic headwind for Europe's biggest economy due to its reliance on energy-intensive industries. Together, these milestones should push European gas prices down to €30 ($32) per megawatt hour by the end of next year, Weatherburn added.

Persons: Asia —, Soeren, ”, Jack Sharples, Heikki Saukkomaa, Simone Tagliapietra, Bill Weatherburn, Stefan Sauer, Weatherburn, “ Organizations: London CNN, European Union, International Energy Agency, EU, Getty, “, Oxford Institute of Energy Studies, CNN, Hamas, P, Chevron, Egyptian, Steam, ”, Capital Economics, Qatar, Energy Locations: Russia, Moscow, Ukraine, Europe, North America, Asia, Norway, Hungary, Austria, Azerbaijan, Algeria, Germany, Israel, Gaza, Hormuz, Jordan, Egypt, Cairo, Estonia, Australia, AFP, “, ” Europe, France, Italy, Lubmin, Pomerania, United States, Qatar

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