News
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SSE Says Planning Consent Granted For Cambushinnie Substation
Dec 11 (Reuters) - SSE PLC SSE.L:SSE: PLANNING CONSENT GRANTED FOR CAMBUSHINNIE SUBSTATION - WEBSITESSE: CONSTRUCTION OF THE CAMBUSHINNIE 400KV SUBSTATION IS EXPECTED TO BEGIN LATER NEXT YEAR, FOLLOWING COMPLETION OF THE PROPOSED HAUL TRACK-WEBSITEReuters
Thu, Dec 11
Gold eases after divided Fed rate cut vote; silver hits new high
Fed cut rates by 25 basis points on WednesdayNovember non-farm payrolls due next weekSilver hits record high at $62.88/ozBy Pablo Sinha Dec 11 (Reuters) - Gold edged lower on Thursday, as traders weighed the U.S. Federal Reserve's divided vote on a quarter-percentage-point interest rate cut,...
Ukraine hands revised 20-point peace plan proposal to US, ABC News reports
Dec 11 (Reuters) - Ukraine had handed the U.S. a revised 20-point peace plan to end the war with Russia, ABC News reported on Thursday, citing a Ukrainian official. The revised plan contains "some new ideas" regarding territories and control over the Zaporizhzhia Nuclear Power Plant, th...Reuters
Thu, Dec 11
Hungary to buy more Azeri gas, MOL close to upstream deal, foreign minister says
BUDAPEST, Dec 11 (Reuters) - Hungary will buy 800 million cubic meters of natural gas from Azerbaijan over two years based on a deal signed by Hungary's MVM and Azerbaijan's SOCAR, Hungary's Foreign Minister Peter Szijjarto told a briefing on Thursday. Szijjarto also said that Hungary&#...Reuters
Thu, Dec 11
Cenovus Energy forecasts higher production in 2026
Dec 11 (Reuters) - Canada's Cenovus Energy CVE.TO on Thursday forecast higher crude production for 2026 as major oil sands projects near completion. The company expects upstream production between 945,000 and 985,000 barrels of oil equivalent per day (boepd) for 2026, surpassing 2025's f...Reuters
Thu, Dec 11
RPT-ROI-Permian to retain US oil crown even after hitting peak: Bousso
By Ron Bousso LONDON, Dec 11 (Reuters) - Oil production in the Permian basin is poised to peak in December, a watershed moment for the U.S. shale boom that upended the global energy market over the past 15 years. Yet drilling innovations mean output in America’s most prolific oil patch will hold ...Reuters
Thu, Dec 11
US senators push USDA for urgent action on bird flu vaccine
Senators tell USDA to prioritize science in bird flu vaccine developmentUSDA pledged $100 million for bird flu vaccine research in MarchPoultry industry divided on vaccination due to trade concernsBy Leah Douglas WASHINGTON, Dec 11 (Reuters) - A bipartisan group of U.S. senators this week urged t...Reuters
Thu, Dec 11
Kremlin says Russia is interested in foreign investment after report of major U.S. plans
MOSCOW, Dec 11 (Reuters) - The Kremlin said on Thursday that Russia was interested in attracting additional foreign investment after the Wall Street Journal reported that the U.S. plan for peace in Ukraine includes proposals to invest in Russian rare earths and energy.The Journal said the plans, de...Reuters
Thu, Dec 11
RUBBER-Japan futures ease on firmer yen, snap 4-day rally
TOKYO, Dec 11 (Reuters) - Japanese rubber futures eased on Thursday, snapping a four-day rally as a stronger yen against the U.S. dollar prompted some selling, while traders booked profits after the U.S. Federal Reserve cut interest rates as expected.The Osaka Exchange (OSE) rubber contract for Ma...Reuters
Thu, Dec 11
Drax plans to turn coal-era power station into data centre by 2027
Drax plans 100-megawatt data centre at Yorkshire site by 2027Shares rise 2% as 2025 profit forecast at top end of market viewBy Raechel Thankam Job and Susanna Twidale LONDON, Dec 11 (Reuters) - Drax Group DRX.L said on Thursday it could convert part of its power station in Yorkshire, northern En...Reuters
Thu, Dec 11
Kremlin says Russia is open to foreign investment after report of major U.S. plans
MOSCOW, Dec 11 (Reuters) - The Kremlin said on Thursday that Russia was open to foreign investment after a Wall Street Journal report that U.S. President Donald Trump's plan for peace in Ukraine includes major proposals to invest in Russian rare earths and energy.The newspaper said the plans wer...Reuters
Thu, Dec 11
Singapore fuel oil stockpiles rise for third straight week
SINGAPORE, Dec 11 (Reuters) - Onshore fuel oil stockpiles in Singapore oil storage hub climbed for a third consecutive week, reaching their highest level in three months, data showed on Thursday.The inventories STKRS-SIN rose 2.0% week-on-week to 26.06 million barrels (about 4.10 million metric tons...Reuters
Thu, Dec 11
Russia's oil and fuel export revenues touch lowest level since Ukraine invasion, IEA says
November revenues drop to just under $11 billion Energy sector under strain from drone attacks, sanctions Dec 11 (Reuters) - Russia's revenues from exports of crude oil and refined products fell again in November due to lower export volumes and weaker prices, the International Energy Agency s...Reuters
Thu, Dec 11
IEA trims global oil market surplus forecast for 2026
LONDON, Dec 11 (Reuters) - The International Energy Agency lifted its 2026 global oil demand growth forecasts while trimming its supply growth predictions in its latest monthly oil market report on Thursday, implying a slightly narrower surplus for the market next year.Reuters
Thu, Dec 11
Kazakhstan says adjusting down 2026 oil output due to field maintenance
Kazakhstan's oil output already down in early DecemberCPC 2025 exports now seen at 68 mln tons vs 72 mln tons earlierMaintenance of SPM-3 at CPC terminal to finish by Dec. 15Drone attack on CPC Black Sea facilities condemned by KazakhstanBy Vladimir Soldatkin and Tamara Vaal ASTANA, Dec 11 (R...Reuters
Thu, Dec 11
METALS-Copper extends rise after Fed rate cut; profit-booking caps gains
BEIJING, Dec 11 (Reuters) - Copper prices traded higher for a second straight session on Thursday after the U.S. Federal Reserve cut interest rates, though some of the early gains were trimmed by profit-booking triggered by caution over demand outlook.The most-traded copper contract on the Shanghai ...Reuters
Thu, Dec 11
Mexico's Senate approves tariff hikes on Chinese, other Asian imports
New duties of up to 50% will be imposed in 2026 on certain goodsMajority of products will see tariffs of up to 35%China and some local business groups oppose the hikeMove seen as appeasing US ahead of next USMCA review MEXICO CITY, Dec 10 (Reuters) - Mexico's Senate on Wednesday approved tari...Reuters
Thu, Dec 11
Russia expects 2025 oil refining to be flat versus 2024
Ukraine hit 17 major refineries since AugustOil processing in Jan–Oct in down 3% y/y, Reuters estimates showGas output seen down 2% in 2025 to 673 bcm, newspaper reports MOSCOW, Dec 11 (Reuters) - Russian oil refining, gas and coal production will remain broadly unchanged in 2025 compared to 2024...Reuters
Thu, Dec 11
Gold slips after a divided Fed cuts rates; silver hits record high
Dec 11 (Reuters) - Gold eased on Thursday, pulling back from a near one-week high, after the U.S. Federal Reserve delivered a divided interest rate cut that left investors uncertain about the pace of easing next year, while silver notched another record high.Reuters
Thu, Dec 11
