News
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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
Drax Group Expects FY 25 Adjusted. Ebitda At Top End Of Consensus
Dec 11 (Reuters) - Drax Group PLC DRX.L:TRADING UPDATEEXPECTS 2025 ADJUSTED. EBITDA AT TOP END OF CONSENSUSTARGETS £3 BILLION FREE CASH FLOW FROM 2025 TO 2031BY 2050, DEMAND FOR POWER IS EXPECTED TO DOUBLENOW EXPECTS TO RETAIN OPEN CYCLE GAS TURBINES ASSETS AS A PART OF ITS FLEXGEN PORTFOLIOEXPECTS ...Reuters
Thu, Dec 11
US House committee approves Africa trade bill, no mention of South Africa exclusion for now
Trade initiative dates from 2000 but elapsed in SeptemberHundreds of thousands of African jobs rely on the dealUSTR said earlier this week South Africa could be excludedSouth Africa fighting to avoid that JOHANNESBURG, Dec 11 (Reuters) - A U.S. House committee on Wednesday approved a bill that wo...Reuters
Thu, Dec 11
TECHNICALS-CBOT soybeans may retest resistance at $10.95-1/4
For more technical analyses, please click SINGAPORE, Dec 11 (Reuters) - The CBOT soybean January contract SF26 may retest resistance at $10.95-1/4 per bushel, a break above which could lead to a gain into $10.99-1/4 to $11.04 range.A bullish divergence formed on the hourly RSI, suggesting a further ...Reuters
Thu, Dec 11
Crude oil price today: WTI price bearish at European opening
West Texas Intermediate (WTI) Oil price falls on Thursday, early in the European session. WTI trades at $57.95 per barrel, down from Wednesday’s close at $58.77.Brent Oil Exchange Rate (Brent crude) is also shedding ground, trading at $61.62 after its previous daily close at $62.46.
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Thu, Dec 11
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
INSIGHT-Inside Stellantis CEO's 'emergency room' rush to recapture market share
Filosa prioritises sales growth over short-term profitsStellantis shifts focus to popular Jeep and Ram models Fleet sales used to boost volumes and maintain production visibilityBy Giulio Piovaccari, Nora Eckert and Gilles Guillaume MILAN/DETROIT/PARIS, Dec 11 (Reuters) - New Stellantis CEO Anton...Reuters
Thu, Dec 11
TABLE-North Sea gas maintenance schedule: Adds Taqa outage
Dec 11 (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
Thu, Dec 11
US seizes sanctioned oil tanker off coast of Venezuela, Trump says
Move is first known tanker seizure since US build-up beganSignals new effort to go after Venezuela's main revenue sourceImpact on global oil supply unclearBy Idrees Ali, Phil Stewart, Steve Holland and Marianna Parraga WASHINGTON, Dec 10 (Reuters) - The U.S. has seized a sanctioned oil tanker...Reuters
Thu, Dec 11
Kazakhstan says adjusting down 2026 oil production amid CPC damage
ASTANA, Dec 11 (Reuters) - Kazakhstan said on Thursday that it was adjusting down 2026 oil production plans amid major damage from a Ukrainian drone attack on the Russian Black Sea terminal used by the Caspian Pipeline Consortium (CPC).Energy Minister Yerlan Akkenzhenov said its 2025 oil production ...Reuters
Thu, Dec 11
Copper extends gains after Fed lowers rates
BEIJING, Dec 11 (Reuters) - Copper prices pared some earlier gains but still traded higher for a second straight session on Thursday, after the U.S. Federal Reserve cut interest rates.The most-traded copper contract on the Shanghai Futures Exchange SCFcv1 climbed 0.51% to 92,130 yuan ($13,046.43) peReuters
Thu, Dec 11
