Russia Oil Prices to India Dip on Sanctions, Threats, Kpler Says
The price of Urals, the OPEC+ producer's flagship oil, is more than $5 a barrel cheaper than Dated Brent, according to a note on Wednesday from Kpler, which cited Argus data. That compares with almost parity two weeks ago.
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Citcon enters alliance with GMO Payment Gateway
Integrated payment solutions provider Citcon has joined forces with Japan-based firm GMO Payment Gateway to expand cross-border payment capabilities. The alliance is an extension of GMO-PG's previous investment in Citcon and aims to enhance the payment offerings available to merchants across several key markets. It will enable Citcon to incorporate GMO-PG's Japanese payment methods into its existing platform, which include credit cards, digital wallets, and convenience store payments. Consequently, merchants operating in the US, Canada, the UK, and China will be able to accept payments commonly used by Japanese consumers. In the future, GMO-PG intends to utilise Citcon's global infrastructure to broaden its service reach, allowing Japanese merchants to process international payments through Citcon's suite of payment solutions. Citcon CEO Casey Bullock said: 'At Citcon, we are committed to making global commerce easier and more inclusive. This partnership with GMO-PG adds essential Japanese payment methods to our platform, enabling our merchants across North America, Europe, and Asia to better serve Japanese customers. 'It also allows GMO to bring Citcon's global capabilities to its domestic merchants, creating a powerful two-way bridge for commerce.' GMO Payment Gateway specialises in payment services that support online businesses and the transition to cashless operations, including digital transformation initiatives. GMO Payment Gateway director and executive vice president Ryu Muramatsu said: 'GMO-PG is proud to advance our strategic partnership with Citcon, building upon our previous investment. 'Citcon's strong global presence and expertise in cross-border payments present a compelling opportunity to serve both Japanese merchants seeking to expand internationally and global merchants aiming to enter the Japanese market.' Set up in 2015, Citcon enable merchants to accept payment methods, including more than 100 mobile wallets, credit cards, and alternative payment options, through a single platform integration. "Citcon enters alliance with GMO Payment Gateway " was originally created and published by Electronic Payments International, a GlobalData owned brand. The information on this site has been included in good faith for general informational purposes only. It is not intended to amount to advice on which you should rely, and we give no representation, warranty or guarantee, whether express or implied as to its accuracy or completeness. You must obtain professional or specialist advice before taking, or refraining from, any action on the basis of the content on our site. Sign in to access your portfolio
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US EIA forecasts crude oil to average below $60 by 2026
The US Energy Information Administration (EIA) has projected a notable decrease in crude oil prices, anticipating that global oil supply will significantly outpace the demand for petroleum products. The EIA forecasts in its August Short-Term Energy Outlook (STEO) that the Brent crude oil spot price will average less than $60 per barrel (bbl) in the fourth quarter of 2025 (Q4 2025). This marks the first instance of such low average prices since 2020. Furthermore, OPEC+ recently declared that it would end its oil production cuts by September 2025, a year earlier than initially planned. This adjustment is expected to contribute to most of global oil production growth coming from OPEC+ countries for the first time since the EIA began its OPEC+ production forecast in 2023. The anticipated supply growth is projected to exceed demand, leading to a rapid increase in inventories. EIA acting administrator Steve Nalley said: 'There is a lot of uncertainty in the petroleum market. In the past, we have seen significant drops in oil price when inventories grow as quickly as we are expecting in the coming months.' The EIA also predicts that the lower oil prices will result in reduced US retail prices for gasoline and diesel and will cause domestic oil production to fall from the record highs seen in 2025. Global oil prices are expected to drop from over $70/bbl in July to an average of around $58/bbl in Q4 2025, with a further decline to just above $50/bbl in 2026. US crude oil production is set to reach an all-time high of nearly 13.6 million barrels per day (mbbl/d) in December 2025, but declining prices in 2026 are likely to reduce drilling and well completion activities. The EIA estimates that US crude oil production will average 13.3mbbl/d in 2026. However, the EIA's petroleum forecasts face uncertainties, particularly around supply-related risks. Factors such as a break in the Israel-Iran ceasefire, heightened tensions or additional sanctions related to the Russia-Ukraine conflict, or changes in trade policy could impact supply and demand dynamics, potentially affecting oil prices. Regarding natural gas, the EIA expects US prices to rise, with the Henry Hub natural gas spot price increasing from an average of $3.20 per million British thermal units (MBtu) in July to almost $3.60/MBtu in the second half of 2025. This is expected to further rise to $4.30/MBtu in 2026 due to steady production and growing exports of liquefied natural gas. The macroeconomic outlook used by the EIA in the STEO is based on S&P Global's model, which includes tariff adjustments announced in April and the 90-day temporary suspension of tariffs granted to most countries. "US EIA forecasts crude oil to average below $60 by 2026" was originally created and published by Offshore Technology, a GlobalData owned brand. The information on this site has been included in good faith for general informational purposes only. It is not intended to amount to advice on which you should rely, and we give no representation, warranty or guarantee, whether express or implied as to its accuracy or completeness. You must obtain professional or specialist advice before taking, or refraining from, any action on the basis of the content on our site. Error in retrieving data Sign in to access your portfolio Error in retrieving data Error in retrieving data Error in retrieving data Error in retrieving data
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Alluvial Capital Management's Comment on Seneca Foods Corporation's (SENEA) Strategic Position
Alluvial Capital Management, an investment advisory firm, released its second-quarter 2025 investor letter. A copy of the same can be downloaded here. The fund rose 8.5% in the quarter, bringing the year-to-date returns to 15.6%. As of June 30, the comparable US benchmarks continued to be in negative territory for the year. In addition, you can check the fund's top 5 holdings to determine its best picks for 2025. In its second-quarter 2025 investor letter, Alluvial Capital Management highlighted stocks such as Seneca Foods Corporation (NASDAQ:SENEA). Seneca Foods Corporation (NASDAQ:SENEA) offers packaged fruits and vegetables. The one-month return of Seneca Foods Corporation (NASDAQ:SENEA) was 2.41%, and its shares gained 71.11% of their value over the last 52 weeks. On August 12, 2025, Seneca Foods Corporation (NASDAQ:SENEA) stock closed at $104.82 per share, with a market capitalization of $718.955 million. Alluvial Capital Management stated the following regarding Seneca Foods Corporation (NASDAQ:SENEA) in its second quarter 2025 investor letter: "Rounding out this quarter's winners is Seneca Foods. Seneca Foods Corporation (NASDAQ:SENEA) is emblematic of Alluvial's efforts to buy boring and little-known, yet highly profitable and undervalued companies. When we first began buying Seneca Foods, the company was coming off a bumper vegetable harvest. This meant a lot of corn and green beans to pack, resulting in high inventory and big borrowings on Seneca's working capital line of credit. This scared off a lot of investors, but an occasional big pack year is just how it goes for Seneca. When the beans grow, can them. They know that for every bumper crop, there will be a year with more meager yields. Sure enough, this past year saw a modest harvest, and Seneca reduced its borrowings by $259 million, or a whopping $37 per share. Seneca's balance sheet has normalized, to the benefit of shareholders. Intriguingly, a Seneca competitor, Del Monte, has entered bankruptcy after years of financial struggles. The bankruptcy may present Seneca with the opportunity to pick up some attractive assets at good prices." An industrial factory complex, with conveyor belts producing packaged fruits and vegetables. Seneca Foods Corporation (NASDAQ:SENEA) is not on our list of 30 Most Popular Stocks Among Hedge Funds. As per our database, 13 hedge fund portfolios held Seneca Foods Corporation (NASDAQ:SENEA) at the end of the first quarter, which was 10 in the previous quarter. While we acknowledge the potential of Seneca Foods Corporation (NASDAQ:SENEA) as an investment, we believe certain AI stocks offer greater upside potential and carry less downside risk. If you're looking for an extremely undervalued AI stock that also stands to benefit significantly from Trump-era tariffs and the onshoring trend, see our free report on the best short-term AI stock. In its Q2 2024, investor letter, Alluvial Capital Management shared its confidence that Seneca Foods Corporation (NASDAQ:SENEA) is set to generate strong free cash flow in fiscal 2025. In addition, please check out our hedge fund investor letters Q2 2025 page for more investor letters from hedge funds and other leading investors. READ NEXT: The Best and Worst Dow Stocks for the Next 12 Months and 10 Unstoppable Stocks That Could Double Your Money. Disclosure: None. This article is originally published at Insider Monkey. Error in retrieving data Sign in to access your portfolio Error in retrieving data Error in retrieving data Error in retrieving data Error in retrieving data
