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Wave of LNG supply to change rules of market, IEA chief says
SINGAPORE, Oct 27 (Reuters) - A surge in supply of liquefied natural gas (LNG) coming to market this year and next is poised to change the rules of the market, International Energy Agency Executive Director Fatih Birol said on Monday.LNG markets are turning from sellers' markets to buyers market...Reuters
an hour ago
Wave of LNG supply to change rules of market, IEA chief says
SINGAPORE, Oct 27 (Reuters) - A surge in supply of liquefied natural gas (LNG) coming to market this year and next is poised to change the rules of the market, International Energy Agency Executive Director Fatih Birol said on Monday.LNG markets are turning from sellers' markets to buyers market...Reuters
2 hours ago
PRECIOUS-Gold dips on stronger dollar, US-China trade deal hopes
Focus on US Fed policy statement on WednesdaySPDR Gold Trust holdings slip 0.5% on FridayBy Brijesh Patel Oct 27 (Reuters) - Gold prices fell on Monday, as a stronger dollar and signs of easing U.S.-China trade tensions weighed on the safe-haven metal, while investors awaited major central bank m...Reuters
2 hours ago
US to double natural gas exports in 5 years, and may double them again, Wright says
SINGAPORE, Oct 27 (Reuters) - The U.S. will double its natural gas exports over the next five years and could double them again in the following five or ten years "if demand is there, and I suspect it will be," U.S. Energy Secretary Chris Wright said by video to a conference in Singapore on ...Reuters
2 hours ago
PRECIOUS-Gold slips on stronger dollar, US-China trade deal optimism
Oct 27 (Reuters) - Gold prices fell on Monday, as a stronger dollar and signs of easing U.S.-China trade tensions weighed on the safe-haven metal, while investors awaited major central bank meetings later this week.FUNDAMENTALSSpot gold XAU= lost 0.5% to $4,092.76 per ounce as of 0120 GMT.U.S. gold ...Reuters
2 hours ago
GRAINS-Soybeans jump as Bessent points to possible Trump-Xi talk optimism
By Ella Cao and Lewis Jackson BEIJING, Oct 27 (Reuters) - Chicago soybean futures touched their highest level in more than two months on Monday, as renewed optimism over Chinese buying lifted sentiment after Treasury Secretary Scott Bessent said the two nations' leaders could discuss "sub...Reuters
2 hours ago
Melissa a Category 4 hurricane as Jamaica braces for impact
By Zahra Burton and Maria Alejandra CardonaKINGSTON, Jamaica, Oct 26 (Reuters) - Hurricane Melissa has developed into a Category 4 hurricane heading towards Jamaica and Cuba and is expected to bring catastrophic floods, landslides and storm surges to the region, the U.S. National Hurricane Center (N...Reuters
2 hours ago
Oil prices rise after US and China reach trade-deal framework
By Sam Li and Lewis Jackson Oct 27 (Reuters) - Oil prices rose in early trade on Monday after U.S. and Chinese economic officials sketched out a trade-deal framework, easing fears that tariffs and export curbs between the world's top two oil consumers could dent global economic growth.Brent c...Reuters
3 hours ago
GRAINS-Soybeans jump as Bessent points to possible Trump-Xi talk hopes
BEIJING, Oct 27 (Reuters) - Chicago soybean futures touched a two-month high on Monday, as renewed optimism over Chinese buying lifted sentiment after Treasury Secretary Scott Bessent said the two nations' leaders could discuss "substantial" soybean deals in a possible meeting.Corn and w...Reuters
3 hours ago
TECHNICALS-Commodities intraday targets/key levels
For more technical analyses, click SINGAPORE, Oct 27 (Reuters) - Contract Target Support/Resistance Brent oil (1st month)$65.44/$64.17res $66.70/$68.26Palm oil (3rd month)4,409/4,385 ringgitres 4,431/4,447/4,471 ringgitWTI(1st month)$61.44/$60.24res $62.64/$64.12Spot gold$4,004/$3,915res...Reuters
3 hours ago
ROI-Will US sanctions on Russian oil work? It depends on how success is measured: Russell
By Clyde Russell LAUNCESTON, Australia, Oct 27 (Reuters) - A common view in the crude oil market is that Western sanctions against Russia's exports are fairly pointless as the market quickly devises ways to keep cargoes flowing.This means that any new measures imposed only result in a fleetin...Reuters
3 hours ago
PRESS DIGEST- Financial Times - October 27
Oct 27 (Reuters) - The following are the top stories in the Financial Times. Reuters has not verified these stories and does not vouch for their accuracy.Headlines- Legal & General agrees 4.6 billion pound UK pensions buyout deal with Ford- M&S ends IT service desk contract with Indian provi...Reuters
4 hours ago
Bessent says China to delay rare earths rules by a year, buy U.S. soybeans
WASHINGTON, Oct 26 (Reuters) - U.S. Treasury Secretary Scott Bessent said on Sunday that he anticipates that China will revive substantial purchases of U.S. soybeans for several years and will delay its expanded licensing regime for rare earths by a year and re-examine it after two days of trade talReuters
4 hours ago
Gold Price Forecast: XAU/USD tumbles to near $4,050 on renewed optimism around US-China trade talks
Gold price (XAU/USD) falls to around $4,065 during the early Asian session on Monday. The precious metal extends the decline as traders book profits following a prolonged record-setting rally.
Fxstreet
4 hours ago
Trump reverses Biden-era rules on copper smelters
By Jarrett Renshaw and Ernest ScheyderWASHINGTON, Oct 24 (Reuters) - U.S. President Donald Trump on Friday reversed a Biden-era air pollution rule that had imposed stricter limits on emissions from copper smelters. The copper rule, finalized in May 2024, had required smelters to curb pollutants incl...Reuters
6 hours ago
EU considers more flexible climate target in hunt for deal, draft shows
European Union races to pass 2040 climate goalNew draft proposals offer more flexible pathCountries split over cost and speed of emissions cutsBy Kate Abnett BRUSSELS, Oct 26 (Reuters) - European Union countries are negotiating proposals to give industries a more flexible path to meeting climate ...Reuters
10 hours ago
Brazil and US to meet 'immediately' to seek tariff solutions, Lula says
Positive meeting between leaders set to kick-off tariff talksTrump expects 'pretty good deals' for both countriesBrazilian industries view meeting of presidents as positive KUALA LUMPUR, Oct 26 (Reuters) - Brazil's President Luiz Inacio Lula da Silva said he had a positive meeting on ...Reuters
13 hours ago
Two workers killed in pipeline fire at Iraq's Zubair oilfield, officials say
BASRA,Iraq, Oct 26 (Reuters) - At least two workers were killed in an oil pipeline fire in Iraq's Zubair oilfield on Sunday, oilfield officials said. There was no impact on oil flows, they said, with throughput currently at 400,000 barrels per day.The blaze, which also seriously wounded five wor...Reuters
14 hours ago
Trump strikes deals on trade, critical minerals in Southeast Asia
US President signs deals with Thailand, Malaysia, Cambodia and VietnamUS to consider zero tariff rates for some Southeast Asian goodsThailand, Malaysia to play bigger role in US critical minerals supplyUS access to three countries' markets enhanced KUALA LUMPUR, Oct 26 (Reuters) - The Uni...Reuters
15 hours ago
