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CORRECTED-EXCLUSIVE-Saudi firm Midad among frontrunners to buy Lukoil's global assets, sources say
Midad Energy offers all cash deal, money in escrow, sources sayUS Treasury has already rejected two other bidsMidad Energy competing with Exxon, Chevron, Carlyle, sources sayBy Jarrett Renshaw and Dmitry Zhdannikov Dec 16 (Reuters) - Saudi Arabia's Midad Energy has emerged as one of the leadi...Reuters
Tue, Dec 16
SOFTS-Robusta coffee hits 4-month low, cocoa recovers
NEW YORK, Dec 16 (Reuters) - Robusta coffee futures on the ICE exchange fell to a four-month low on Tuesday, with the harvest in top producer Vietnam progressing apace and exports from Brazil picking up following the Trump tariff reversal.Meanwhile, cocoa prices recovered from Monday's slide. ...Reuters
Tue, Dec 16
PRECIOUS-Gold inches up as US unemployment rate rises in November
US November unemployment rate at 4.6%CPI and PCE data due later this weekPlatinum rises to 14-year peakBy Sarah Qureshi and Noel John Dec 16 (Reuters) - Gold rose on Tuesday after a U.S. jobs report showed the unemployment rate rose last month from September, reinforcing bets of rate cuts by the ...Reuters
Tue, Dec 16
Europe trawls for alternative aluminium supply in face of Mozal shutdown
By Tom Daly and Pratima Desai LONDON, Dec 16 (Reuters) - A smelter shutdown in Mozambique is set to dent global aluminium supplies next year, analysts say, leaving the plant's core European Union customers searching for alternatives.South32 S32.AX confirmed on Tuesday that the 560,000 metric ...Reuters
Tue, Dec 16
GRAINS-CBOT wheat sets fresh lows on global supply pressure, Ukraine ceasefire talks
Argentina and Australia report bumper wheat harvestsCorn futures affected by cheaper wheat suppliesSoybeans hit fresh seven-week low amid questions over US export demandBy P.J. Huffstutter CHICAGO, Dec 16 (Reuters) - Chicago Board of Trade wheat futures extended losses for a third session on Tues...Reuters
Tue, Dec 16
Gold eases below $4,300 as traders unwind post-NFP gains
Gold (XAU/USD) reverses its course on Tuesday after traders digested the latest US jobs report, which highlighted the labor market weakness and pushed the yellow metal towards a daily high at $4,335 before reversing course, losing 0.23% at the time of writing. XAU/USD trades at $4,296.
Fxstreet
Tue, Dec 16
QUOTES-Reactions to European Commission proposal to reverse 2035 combustion engine ban
Dec 16 (Reuters) - The European Commission on Tuesday made public proposals that reverse an effective ban on sales of new internal combustion engine cars from 2035, bowing to pressure from Germany, Italy and major automakers.The revised package cuts the planned 2035 goal to a 90% reduction in tailpi...Reuters
Tue, Dec 16
EU wheat hits contract lows as euro and Argentina dent export prospects
PARIS/HAMBURG, Dec 16 (Reuters) - Paris wheat futures extended losses on Tuesday to hit contract lows as strength in the euro and competition from cheaper Argentine supply hurt European export prospects.March wheat BL2H6, the most active contract on Paris-based Euronext, was down 0.9% by 1708 GMT at...Reuters
Tue, Dec 16
QUOTES-Reactions to European Commission proposal to reverse 2035 combustion engine ban
Dec 16 (Reuters) - The European Commission on Tuesday made public proposals that reverse an effective ban on sales of new internal combustion engine cars from 2035, bowing to pressure from Germany, Italy and major automakers.The revised package cuts the planned 2035 goal to a 90% reduction in tailpi...Reuters
Tue, Dec 16
Europe Gasoline/Naphtha-Gasoline refining profit margins soften
LONDON, Dec 16 (Reuters) - Northwest European gasoline refinery profit margins fell by about 28 cents to $11.28 a barrel on Tuesday as weaker export activity weighed.About 18,000 metric tons of Eurobob E5 gasoline traded on barges as ExxonMobil, Trafigura, Glencore and Equinor sold to BP, MB Energy ...Reuters
Tue, Dec 16
US EPA expects to finalize biofuel rules in first quarter of 2026
Dec 16 (Reuters) - The U.S. Environmental Protection Agency expects to finalize 2026 and 2027 biofuel blending mandates, which had originally been expected in late October, in the first quarter of next year.The slowdown pushes one of the Trump administration's most consequential energy policy ch...Reuters
Tue, Dec 16
RPT-FACTBOX-What's in the European Commission's proposals to reverse 2035 combustion engine ban?
Dec 16 (Reuters) - The European Commission on Tuesday made public proposals that reverse an effective ban on sales of new internal combustion engine cars from 2035, bowing to pressure from Germany, Italy and major automakers.The delayed package follows fierce lobbying to allow transitional technolog...Reuters
Tue, Dec 16
PRECIOUS-Gold inches up as US unemployment rate rises in November
US November unemployment rate at 4.6%CPI and PCE data due later this weekPlatinum rises to 14-year peakBy Sarah Qureshi and Noel John Dec 16 (Reuters) - Gold rose on Tuesday after a U.S. jobs report showed the unemployment rate rose last month from September, reinforcing bets of rate cuts by the ...Reuters
Tue, Dec 16
QUOTES-Reactions to European Commission proposal to reverse 2035 combustion engine ban
Dec 16 (Reuters) - The European Commission on Tuesday made public proposals that reverse an effective ban on sales of new internal combustion engine cars from 2035, bowing to pressure from Germany, Italy and major automakers.The revised package cuts the planned 2035 goal to a 90% reduction in tailpi...Reuters
Tue, Dec 16
Volkswagen welcomes EU move to drop combustion engine ban
FRANKFURT, Dec 16 (Reuters) - Volkswagen VOWG_p.DE, Europe's largest automaker, on Tuesday said an EU proposal to drop an effective ban on new combustion-engine cars from 2035 was "economically sound"."Opening up the market to vehicles with combustion engines while compensating for e...Reuters
Tue, Dec 16
Chevron to supply Hungary with 2 billion cubic metres of LNG, minister says
Dec 16 (Reuters) - Hungary's state-owned MVM group has signed a 5-year deal with U.S. energy company Chevron CVX.N for the supply of 2 billion cubic metres of liquefied natural gas, the Hungarian foreign minister said on Tuesday.Hungary has angered other European Union and NATO members by insist...Reuters
Tue, Dec 16
Zaporizhzhia nuclear plant running on single power line, Russia says
MOSCOW, Dec 16 (Reuters) - The Russian-controlled Zaporizhzhia nuclear power plant in Ukraine is currently receiving electricity through only one of two external power lines, its Russian management said on Tuesday.The other line was disconnected due to military activity, the management said, adding ...Reuters
Tue, Dec 16
EU scales back 2035 ban, permits combustion engine cars
STRASBOURG, Dec 16 (Reuters) - The European Commission unveiled a package of auto sector measures on Tuesday, including the scrapping of its effective ban on sales of new combustion engine cars from 2035.Under current EU rules, all new cars and vans from 2035 must have zero emissions. But under Tues...Reuters
Tue, Dec 16
Petrobras strike hits platforms and refineries on second day, union says
RIO DE JANEIRO, Dec 16 (Reuters) - A strike at Brazilian state-run oil company Petrobras PETR3.SA entered its second day on Tuesday, affecting 24 oil platforms and eight refineries, union FUP said in a statement.The nationwide strike stems from an ongoing dispute over a deficit in the company's ...Reuters
Tue, Dec 16
