This week: why Equinor's best quarter since 2022 and the WMO's new CO' record are the same story, a door EFRAG wants to leave open for non-EU companies under the CSRD, and why Japan's batteries are stuck in a queue. Here's the front page. Paid subscribers can download the full newspaper edition at the bottom of this post. Good morning, and happy Sunday. Eight months into the war on Iran, the Strait of Hormuz is effectively closed. IMF PortWatch counted two commercial transits on 25 October, against 85 a day before the crisis. Brent settled at $115.32 on Wednesday, heading for an 11% gain in October, its fourth monthly rise in a row. In Stavanger, the bill turned into profit. Equinor reported adjusted operating income of $12.35 billion for the third quarter, about double a year earlier and its best since late 2022. It raised production guidance and launched the last tranche of a $3 billion buyback for 2026. CEO Anders Opedal put it plainly: high production let Equinor capture more...
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