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Sunday, 1 November 2026

20 briefs so farthis page grows with every cycle of the daylast update 00:50 UTC

Key points

  • TotalEnergies Takes USD 891 Million Write-Down on German Wind.
  • Baltic Exchange Fielded Two Whistleblower Claims on Benchmark Tanker Rate.
  • Brent Hits USD 111 as October Rally Lifts Oil 83% Year-to-Date.
  • Global Battery Storage Failure Rate Fell 98% Since 2018, EPRI Finds.

Markets

German Inflation Eases to 2.8% in October as Energy Price Rises Slow

Germany's inflation rate eased to 2.8 percent in October after climbing for three consecutive months, according to official data cited by The Star. The decline followed September's rate of 3.3 percent, which the Federal Statistical Office (Destatis) described as the highest in nearly three years.

September's spike was driven largely by a sharp rise in energy costs, Destatis said. Energy prices climbed 12.2 percent year-on-year in October, cooling from a 14.9 percent surge the month before.

The slower pace of energy price increases followed temporary fuel tax cuts introduced by the German government on Oct. 1, with the measures set to expire at the end of the year, according to The Star.

Source: thestar.com.my (opens in a new tab)1 sourcePermalink

Markets

Chevron Posts USD 9.92 Billion Third-Quarter Profit

Chevron Corp. reported third-quarter profit of USD 9.92 billion, according to a Q3 earnings snapshot carried by the Weatherford Democrat.

The Houston-based company said profit came to USD 5.06 per share. Adjusted for pretax expenses, earnings were USD 5.28 per share.

Chevron posted revenue of USD 67.8 billion in the period, which topped Wall Street forecasts.

Source: weatherforddemocrat.com (opens in a new tab)1 sourcePermalink

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