News
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U.S. natural gas prices dip 2% on smaller daily output decline, ample gas in storage
Natural gas futures fall despite cooler weather forecastsWaha Hub prices turn positive as some producers shut wellsTropical storms unlikely to impact U.S. mainlandBy Scott DiSavino Oct 8 (Reuters) - U.S. natural gas futures slid about 2% on Wednesday as some traders took profits after prices rose...Reuters
Wed, Oct 8
Fire at aluminum plant to hit Ford's bottom line by up to $1 billion, analyst says
By Nora Eckert DETROIT, Oct 8 (Reuters) - A fire at a New York aluminum plant that is expected to affect production of Ford Motor's F-150 truck for months will sap up to $1 billion from the automaker's earnings, according to a Wednesday note from Evercore ISI analysts. The September 16 bl...Reuters
Wed, Oct 8
ANALYSIS-Rising tungsten prices worsen oil drillers' inflation worries
China imposed export controls on five critical metals in FebruaryChina supplies 83% of global tungsten, USGS saysRising tungsten costs could add $3,000–$25,000 to oilfield drillbit prices, expert saysBy Anushree Mukherjee and Shariq Khan Oct 8 (Reuters) - U.S. shale drillers are facing higher pri...Reuters
Wed, Oct 8
Indian government seeks resolution of dispute at Tata charity arm, sources say
Tata faces new test as disagreement among trustees mountTata Trusts controls 66% of Tata Sons, giving it immense powersMinisters meet Tata leadership to resolve matters, sources say NEW DELHI/MUMBAI, Oct 8 (Reuters) - Two senior Indian ministers have, in an uncommon intervention, urged Tata Group...Reuters
Wed, Oct 8
Rotterdam port lashers strike for higher wages, impacting container traffic
AMSTERDAM, Oct 8 (Reuters) - Lashers in Europe's largest sea port Rotterdam went on a 48-hour strike on Wednesday afternoon to demand higher wages.Labour union FNV said all employees of International Lashing Services and Matrans Marine Services, the two lashing companies active in the port, had ...Reuters
Wed, Oct 8
CBOT Trends-Soybeans up 1-4 cents, corn and wheat steady to firmer
CHICAGO, Oct 8 (Reuters) - Following are U.S. expectations for the resumption of grain and soy complex trading at the Chicago Board of Trade at 8:30 a.m. CDT (1330 GMT) on Wednesday.NOTE: The U.S. government remains shut down, suspending many government reports. WHEAT - Steady to up 1/2...Reuters
Wed, Oct 8
US shutdown not creating significant flight disruptions, IATA's chief says
By Sergio Goncalves LISBON, Oct 8 (Reuters) - The U.S. government shutdown hasn't significantly disrupted domestic commercial flights nor has it stopped the recruitment of new air traffic controllers, Willie Walsh, director general of airline lobby group IATA said on Wednesday. "The...Reuters
Wed, Oct 8
Gold’s record run stretches further above $4,000, traders eye Fed Meeting Minutes
Gold (XAU/USD) marks another milestone on Wednesday, smashing through the $4,000 level for the first time as investors flock to the precious metal amid global economic and political uncertainty, coupled with a dovish Federal Reserve (Fed) outlook.
Fxstreet
Wed, Oct 8
NextDecade CFO Brent Wahl resigns
Oct 8 (Reuters) - NextDecade said on Wednesday CFO Brent Wahl will step down on October 20 to join a digital infrastructure company and will be replaced by the U.S. liquefied natural gas producer's senior vice president, Mike Mott, on an interim basis.Wahl, who has served as NextDecade's CFO...Reuters
Wed, Oct 8
PRECIOUS-Gold zooms past $4,000 for first time in historic flight to safety
Gold up about 54% so far this yearGold could reach $4,530/oz by the end of Q3 2026, analyst saysTraders price in 25 bps Fed rate-cut this monthBy Anmol Choubey Oct 8 (Reuters) - Gold raced past $4,000 an ounce for the first time on Wednesday as investors piled into a record-breaking rally in the ...Reuters
Wed, Oct 8
US postpones sanctions on Serbia's Russian-owned NIS oil company for one week
BELGRADE, Oct 8 (Reuters) - The U.S. has postponed sanctions on Serbia's Russian-owned NIS NIIS.BEL oil company, which runs Serbia's only oil refinery, for one week until October 15, Belgrade-based Nova Ekonomija news portal reported on Wednesday, citing sources.The reported extension comes ...Reuters
Wed, Oct 8
RPT-BREAKINGVIEWS-China-BHP spat reinforces M&A appeal
By Antony Currie MELBOURNE, Oct 8 (Reuters Breakingviews) - BHP's BHP.AX shareholders seem exceptionally sanguine about a major threat to its biggest product from its largest customer. Last week Bloomberg reportedthat state-run iron ore buyer China Mineral Resources Group has told major steel...Reuters
Wed, Oct 8
Indonesia says 22 plants in industrial zone near Jakarta contaminated by caesium 137
JAKARTA, Oct 8 (Reuters) - Indonesia's special task force on radioactive contamination has found traces of Caesium 137 at 22 production facilities in an industrial zone near Jakarta, officials said on Wednesday.The contamination was first detected in a batch of shrimp shipped to the United State...Reuters
Wed, Oct 8
HSBC raises 2025 average silver price forecast to $38.56 per ounce
Oct 8 (Reuters) - HSBC on Wednesday raised its average silver price forecasts for 2025 to $38.56 per ounce from $35.14 citing expectations for high gold prices, renewed investor demand, and anticipated volatile trading.The bank also raised its forecast for 2026 to $44.50 from $33.96 earlier and $40 ...Reuters
Wed, Oct 8
RPT-COLUMN-Texas wind speeds in focus as rare fossil fuel output cut in reach: Maguire
By Gavin MaguireLITTLETON, Colorado, Oct 8 (Reuters) - Texas's main power generation system is on track for a rare contraction in fossil fuel-fired generation in 2025, as long as output from the state's massive wind farms rises sharply as expected during the final quarter of the year. During...Reuters
Wed, Oct 8
RPT-COLUMN-Russian strikes on Ukraine’s gas will reverberate across Europe: Bousso
Russian strikes cause critical damage to Ukrainian gas productionUkraine will need to import gas from Europe to fill production gapAmple LNG supplies will mitigate any European gas price increasesBy Ron Bousso LONDON, Oct 8 (Reuters) - Russia's heavy bombardment of Ukraine's natural gas i...Reuters
Wed, Oct 8
GRAINS-Wheat near 5-year low as global supply weighs
PARIS/CANBERRA, Oct 8 (Reuters) - Chicago wheat futures edged down for a third session on Wednesday to approach a five-year low as a stronger dollar and expectations of rising global supply curbed prices.Corn ticked down and soybeans edged higher as traders assessed U.S. harvest progress while await...Reuters
Wed, Oct 8
Gold Price Forecast: XAU/USD rallies further to near $4,050, ignores upbeat US Dollar
Gold price (XAU/USD) extends its rally to near $4,050.00 during the European trading session on Wednesday. The precious metal continues to move higher as deepening political crisis in France and the United States (US) government shutdown have increased the demand of safe-haven assets, such as Gold.Fxstreet
Wed, Oct 8
Gold Hits Historic High Above $4,000 as Political Turmoil and Policy Uncertainty Fuel Haven Demand
TradingKey - On October 8, spot gold prices broke through $4,000 per ounce for the first time in history, briefly hitting a record high of $4,040. December-delivery New York gold futures also set a new all-time high at $4,063.TradingKey
Wed, Oct 8
