2024-09-16 15:14:54 +0300

Volkswagen Set for Multimillion-Euro Windfall on Huge Gas Trade

Bloomberg

By Todd Gillespie

Volkswagen AG is set to receive hundreds of millions of euros in trading profits as it offloads a massive natural-gas hedge, selling large amounts of fuel it previously purchased back into the German market.

Europe’s largest car-maker has directed the sale of 2.6 terawatt-hours worth of gas contracts, according to a document seen by Bloomberg News. That’s enough gas to run about 200,000 normal, gas-heated homes for a year.

#tradingprofits #gascontracts #VolkswagenAG #offload #largeamounts

Continue read on bloomberg.com

Business / FinanceBy Reuters2024-09-09 09:58:42 +0300

German gas importer VNG to apply for state aid as energy crisis intensifies

Adds details, background FRANKFURT, Sept 9 (Reuters) - VNG VNG.UL, one of Germany's biggest importers of Russian gas, will on Friday ask the German...

#reuters #opinion #nasdaq #importer #terawatthours

MarketsBy Zacks2024-09-06 16:50:00 +0300

Volkswagen (VWAGY) to Proceed With Porsche IPO Amid Market Woes

Volkswagen AG VWAGY, on Sep 5, announced that it would float its celebrated sports car maker, Porsche Automobil Holding SE POAHY, in what could be one of...

#vwagy #insider #opinion #nasdaq #automobilholding

PoliticsBy Reuters2024-08-25 21:14:11 +0300

Ukraine Faces Toughest Winter Yet, but Gas Reserve Goal Within Reach

By Pavel Polityuk KYIV (Reuters) - Ukraine faces its most difficult winter in modern history but should manage to reach a government goal of building 19...

#government #insurance #difficultwinter #josiekao #hugecost

PoliticsBy Reuters2024-08-31 09:12:30 +0300

Analysis-Full Gas Storage No Fix for Europe's Winter Energy Crunch

By Kate Abnett and Bozorgmehr Sharafedin BRUSSELS (Reuters) -The European Union is on track to beat targets for filling gas storage, but analysts warn the...

#GasStorage #germanindustry #othermonth #biggerfactor #terawatthours

Business / FinanceBy Reuters2024-08-31 09:00:00 +0300

ANALYSIS-Full gas storage no fix for Europe's winter energy crunch

By Kate Abnett and Bozorgmehr Sharafedin BRUSSELS, Aug 31 (Reuters) - The European Union is on track to beat targets for filling gas storage, but analysts...

#GasStorage #reuters #opinion #nasdaq #germanindustry

Business / FinanceBy Reuters2024-08-31 09:15:27 +0300

ANALYSIS-Full gas storage no fix for Europe's winter energy crunch

By Kate Abnett and Bozorgmehr Sharafedin BRUSSELS, Aug 31 (Reuters) - The European Union is on track to beat targets for filling gas storage, but analysts...

#GasStorage #reuters #opinion #nasdaq #germanindustry

MarketsBy Reuters2024-09-06 00:30:32 +0300

The long, winding road to Volkswagen's Porsche IPO

Reuters. FILE PHOTO: Employees of German car manufacturer Porsche install the windshield of a Porsche 911 at the Porsche factory in Stuttgart-Zuffenhausen,...

#ipo #reuters #business #economy #ceo

PoliticsBy Associated Press2024-08-26 14:50:48 +0300

German Government Reconsiders Gas Surcharge After Backlash

BERLIN (AP) The German government is considering backtracking on plans for consumers to pay a surcharge on natural gas amid mounting criticism that the money...

#money #economy #business #surcharge #mountingcriticism

MarketsBy Daniel Mc Carthy2024-08-25 05:00:00 +0300

Euro Outlook Remains Murky as Gas Prices Soar and Fed Hikes Loom. Can EUR/USD Recover?

Euro, EUR/USD, US Dollar, Natural Gas, Fed, ECB, Technical Analysis - Talking points EUR/USD has made a 20-year low as inflation and energy woes impact US...

#inflation #energy #oil #twitter #technicalanalysis

Business / FinanceBy Mike Sheen2024-09-05 16:49:00 +0300

European stock markets and euro slide as gas prices rebound sharply

European stocks and the euro have fallen sharply after Russia's decision to cut off the EU from gas supplies led to a near-30 per cent rebound in natural gas...

#index #oil #emergency #lockdown #equity

Business / FinanceBy Reuters2024-09-02 14:44:56 +0300

Volkswagen clearly undervalued but batteries could boost business, second-largest shareholder says

Adds background BERLIN, Sept 2 (Reuters) - Lower Saxony, Volkswagen's VOWG_p.DE second-largest shareholder, views the carmaker as undervalued but believes...

#reuters #tax #opinion #nasdaq #volkswagen

MarketsBy Swetha Gopinath2024-09-05 15:07:28 +0300

Volkswagen Considers Tapping European Retail Interest for Porsche IPO

Volkswagen AG is considering selling shares in its initial public offering of Porsche to retail investors across Europe in an attempt to tap customer...

#ipo #porsche #largestcarmaker #localbanks #includinggermany

EconomyBy Rtt News Staff Writer2024-09-05 11:57:46 +0300

DAX Slumps Amid Energy Woes; Utilities Drag

German stocks plummeted on Monday as Russia extended a halt on gas flows on a major pipeline to Europe, sparking further fears of energy rationing in the...

#energy #inflation #management #5september #landmarkdecision

Business / FinanceBy Reuters2024-08-30 12:51:05 +0300

EUROPE GAS-Price slip as storage fills and traders take profits

LONDON, Aug 30 (Reuters) - British and Dutch wholesale gas prices eased on Tuesday as Europe almost reached its target of gas inventories being 80% full and...

#reuters #economy #energy #emergency #opinion

MarketsBy Alex Kimani2024-09-15 20:00:00 +0300

European Oil Giant Warns Windfall Tax Could Backfire

The chief executive of Austrian multinational integrated oil, gas and petrochemical company OMV (OTCPK: OMVJF) Alfred Stern has warned that the EU's planned...

#windfalltax #gas #revenue #government #bill

Business / FinanceBy Reuters2024-09-12 11:26:03 +0300

EUROPE GAS-Prices mixed on supply, higher demand expectations

LONDON, Sept 12 (Reuters) - Dutch wholesale gas prices fell on Monday morning on comfortable supply and storage levels while prompt British prices rose in...

#reuters #opinion #nasdaq #benchmarkcontract #lowertemperatures

Business / FinanceBy Rtt News2024-09-05 11:57:46 +0300

DAX Slumps Amid Energy Woes; Utilities Drag

(RTTNews) - German stocks plummeted on Monday as Russia extended a halt on gas flows on a major pipeline to Europe, sparking further fears of energy...

#energy #inflation #management #opinion #nasdaq

MarketsBy Alex Kimani2024-09-12 02:00:00 +0300

Why Europe Wont Exploit Its Huge Gas Reserves

As energy prices continue to soar across Europe, with gas prices surging 26% on Monday after Russia stopped pumping via Nord Stream 1, the highly contentious...

#business #oil #ceo #tax #nyse

MarketsBy Investing Com2024-09-06 10:57:28 +0300

Volkswagen Shares Rise After Porsche AG IPO Plans Confirmed

#reuters #business #porsche #directcontrol #ongoingtransition

Business / FinanceBy Zacks2024-09-15 15:00:00 +0300

Porsche's IPO Plan Puts These ETFs in Focus

Volkswagen AG VWAGY, on Sep 5, announced that it would float its celebrated sports car maker, Porsche Automobil Holding SE POAHY, in what could be one of...

#ipo #security #healthcare #opinion #nasdaq