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Oil sell-off deepens as Brent breaks below $60 – ING
Oil prices slid sharply as surplus fears intensified, pushing Brent below $60 per barrel, though supply risks and falling US Crude inventories offered limited near-term support, ING's commodity experts Ewa Manthey and Warren Patterson note.Fxstreet
Wed, Dec 17
Ukraine drone debris sparks fire at Russia's Slavyansk refinery, authorities say
Dec 17 (Reuters) - Debris from a downed Ukrainian drone briefly set fire to processing equipment and a pipeline at an oil refinery in Russia’s southern Krasnodar region overnight, authorities there said on Wednesday. There were no casualties reported at the Slavyansk refinery, which Kyiv has ...Reuters
Wed, Dec 17
EnQuest Expects To Deliver Against All 2025 Guidance Targets
Dec 17 (Reuters) - EnQuest PLC ENQ.L:ENQUEST PLC: WE EXPECT TO AGAIN DELIVER AGAINST ALL 2025 GUIDANCE TARGETSENQUEST PLC: REAFFIRMING OUR INTENT TO DELIVER VALUE-ACCRETIVE GROWTH, BOTH IN UK AND ACROSS SOUTH EAST ASIA, AS OUR HIGHEST PRIORITYENQUEST PLC: GROUP PRODUCTION FOR YTD 30 NOVEMBER HAS AVE...Reuters
Wed, Dec 17
TABLE-UAE's Fujairah oil inventory data for week ended December 15
Dec 17 (Reuters) - The Fujairah Oil Industry Zone published the following inventory data for oil products for the week ended December 15, according to industry information service S&P Global Commodity Insights.Volumes are in thousands of barrels. Figures in brackets represent the volume change f...Reuters
Wed, Dec 17
Korea Zinc's plan to build US smelter would benefit South Korea, minister says
SEOUL, Dec 17 (Reuters) - South Korea's industry minister said on Wednesday that Korea Zinc's plan to build a U.S. smelter would help develop supply chains for critical minerals and added that Seoul could discuss whether the plan might receive support from a U.S. investment fund. Korea Z...Reuters
Wed, Dec 17
TABLE-North Sea gas maintenance schedule: Adds St. Fergus outage
Dec 17 (Reuters) - The following is a schedule of maintenance work on gas infrastructure, mainly in the North Sea.The table is arranged by outage start date.Volumes are in standard million cubic metres per day (mcm/d) or gigawatt-hours per day (GWh/d) unless otherwise indicated.OPERATORLOCATIONOUTAG...Reuters
Wed, Dec 17
GRAINS-Wheat finds footing after ample supply triggers fund selloff
CANBERRA, Dec 17 (Reuters) - Chicago wheat futures regained some ground on Wednesday after plunging to eight-week lows in the previous session as ample supply and progress in peace negotiations between Russia and Ukraine triggered selling by speculative investors.Corn futures steadied after falling ...Reuters
Wed, Dec 17
Poland's offshore wind auction seen as key test for Europe after failed tenders
By Stine Jacobsen and Marek Strzelecki COPENHAGEN/WARSAW, Dec 17 (Reuters) - Poland is launching its first competitive offshore wind auction on Wednesday, a test experts say could revive Europe's struggling sector as developers vie for long-term contracts after a string of failed tenders acro...Reuters
Wed, Dec 17
PRESS DIGEST- New York Times business news - December 17
Dec 17(Reuters) - The following are the top stories on the New York Times business pages. Reuters has not verified these stories and does not vouch for their accuracy.- Jared Kushner's private equity firm, Affinity Partners, is no longer participating in a bid to acquire Warner Bros Discovery WB...Reuters
Wed, Dec 17
Trump orders 'blockade' of sanctioned oil tankers leaving, entering Venezuela
Oil prices rise over 1% following blockade announcementTrump labels Venezuelan "regime" a foreign terrorist organizationVenezuela rejects Trump's "grotesque threat"Maduro claims US aims to control Venezuela's vast oil reservesBy Idrees Ali, Phil Stewart, Shariq Khan and Maria...Reuters
Wed, Dec 17
Kazakhstan oil output 91.9 mln tons in January-November, deputy minister says
ASTANA, Dec 17 (Reuters) - Kazakhstan's oil production totalled 91.9 million metric tons in the first 11 months of 2025 and exports reached 73.4 million tons, Deputy Energy Minister Sungat Yessimkhanov said on Wednesday.Reuters
Wed, Dec 17
PRESS DIGEST-British Business - December 17
Dec 17 (Reuters) - The following are the top stories on the business pages of British newspapers. Reuters has not verified these stories and does not vouch for their accuracy. The Times - UK ministers will announce on Wednesday that the UK is rejoining the Erasmus exchange programme fr...Reuters
Wed, Dec 17
China's newest aircraft carrier sailed through Taiwan Strait, Taipei says
China's newest carrier entered service last monthTaiwan reports further Chinese military activities nearbyTaiwan has complained of repeated Chinese military harassment TAIPEI, Dec 17 (Reuters) - China's newest and most advanced aircraft carrier, the Fujian, sailed through the Taiwan Strai...Reuters
Wed, Dec 17
Silver Price Forecast: XAG/USD hits record highs near $66 on weak US data
Silver price (XAG/USD) posts a fresh all-time high near $66 during the Asian trading session on Wednesday. The white metal extends its bull run as weak United States (US) employment data, Retail Sales, and flash S&P Global Purchasing Managers’ Index (PMI) data raise economic concerns.
Fxstreet
Wed, Dec 17
VEGOILS-Palm slips on weak rival Dalian; stronger Chicago soyoil, crude limit fall
KUALA LUMPUR, Dec 17 (Reuters) - Malaysian palm oil futures inched lower for a fourth straight session on Wednesday, weighed by weaker Dalian edible oils, though stronger Chicago soyoil and crude oil prices limited the fall. The benchmark palm oil contract FCPOc3 for March delivery on the Bursa Mala...Reuters
Wed, Dec 17
WTI climbs above $55.50 as Trump orders blockade of sanctioned Venezuelan oil tankers
West Texas Intermediate (WTI), the US crude oil benchmark, is trading around $55.75 during the Asian trading hours on Wednesday. The WTI price climbs amid rising volatility around Latin American crude supply.
Fxstreet
Wed, Dec 17
GRAINS-Wheat slips after ample supply triggers fund sell-off
CANBERRA, Dec 17 (Reuters) - Chicago wheat futures edged lower on Wednesday after plunging to eight-week lows in the previous session, as ample supply and progress in peace negotiations between Russia and Ukraine triggered selling by speculative investors. Corn futures steadied after falling on Tues...Reuters
Wed, Dec 17
Gold advances to near seven-week highs amid US labor market cooling
Gold price (XAU/USD) extends its upside to near seven-week highs above $4,300 during the Asian trading hours on Wednesday. The precious metal gains momentum as the US labor market remains relatively resilient but shows signs of slowing.Fxstreet
Wed, Dec 17
US orders unit at TransAlta coal plant in Washington state to stay open
WASHINGTON, Dec 16 (Reuters) - The U.S. energy secretary signed an order on Tuesday to keep a unit open at TransAlta TA.TO coal power plant in Washington state through much of the winter, in the latest move by the Trump administration to support fossil fuels.The order directs unit 2 of the Centralia...Reuters
Wed, Dec 17
