Nasdaq Commodities

Daily energy market commentary provided by Nasdaq Corporate Solutions Advisory Services' Energy Team.

Japan's Balcom Co. Ltd has bought a minority stake in Uzbek agricultural chemicals producer Ifoda Agro Kimyo Himoya for $10 million, the Uzbek company told Reuters on Monday.

Hedge fund managers were substantial buyers of petroleum futures and options last week for the fourth week in a row, a sign of increasing confidence coronavirus vaccines will drive a recovery in oil consumption next year.

Airbus is heading towards a total of 550 or more jet deliveries in 2020 after handing over more than 60 aircraft in November, according to tracking data and industry sources.

Major aircraft lessors including Aercap and BOC Aviation, and Avolon on Monday told the Irish High Court that they do not oppose a petition for extended creditor protection by Norwegian Air and some of its subsidiaries.

Italian luxury group Moncler said on Monday it would buy Stone Island in a two-step acquisition deal giving its smaller rival a company value of 1.15 billion euros ($1.39 billion).

Japan's biggest airline, ANA Holdings, said on Monday it had set the price for a new share offering at 2,286 yen ($21.95) a share to raise up to 305.3 billion yen for investments, such as the purchase of Boeing 787 planes.

Italian luxury group Moncler said on Monday it would buy Stone Island in a two-step acquisition deal giving its smaller rival a company value of 1.15 billion euros ($1.39 billion).

Mike Ashley's Frasers Group said it is in negotiations to buy collapsed department store chain Debenhams from administrators in a rescue deal, which would further extend the retail billionaire's reach in the British high street.

Yara ASA aims to cut all CO2 emissions from a major ammonia plant in its native Norway by 2026 as it seeks to produce fertilisers and fuel for the shipping industry that are carbon free, the company said on Monday.

Behind the walls of a hulking industrial compound in rural China, top pig producer Muyuan Foods is trying to raise more hogs on a single site than any company in the world - a risky investment with deadly African swine fever lingering.

Yara ASA aims to cut all CO2 emissions from a major ammonia plant in its native Norway by 2026 as it seeks to produce fertilisers and fuel for the shipping industry that are carbon free, the company said on Monday.

U.S. cannabis sales hit record levels over the Thanksgiving weekend, prompting industry predictions the combination of COVID-19 anxiety and a trend towards legalisation has triggered a permanent uplift in demand.

Behind the walls of a hulking industrial compound in rural China, top pig producer Muyuan Foods is trying to raise more hogs on a single site than any company in the world - a risky investment with deadly African swine fever lingering.

Bird flu has been detected in a fifth Japanese prefecture, the agriculture ministry said on Monday, as a wave of infections at poultry farms sparks the Japan's worst outbreak in more than four years.

Agri-food company Japfa Ltd said on Monday it would sell an 80% stake in its Indonesian dairy business to private equity firms TPG and Northstar Group for $236 million, sending the Singapore-based firm's shares 4% higher.

U.S. fast-food restaurant chain Chick-fil-A sued top chicken suppliers alleging they artificially raised prices on billions of dollars of its purchases in the latest litigation facing the poultry industry.

OPEC and its partners have agreed to raise their collective production by 0.5 million barrels per day (bpd) in January, with output to be reviewed and adjusted at monthly intervals thereafter.

China's exports and imports are expected to rise at a faster pace in November, helped by strong demand and coronavirus-related disruptions at factories in other countries, a Reuters poll showed on Friday.

Thousands of people protested and blocked traffic in central London on Sunday over Indian agricultural reforms that have triggered mass demonstrations in India, and police made 13 arrests over breaches of COVID regulations.