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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
Citi Sees Oil Prices To Likely Ease Further To An Average Of $60/Bbl Through 1Q'26
Dec 11 (Reuters) - CITI: SAYS OIL PRICES WILL LIKELY EASE FURTHER TO AN AVERAGE OF $60/BBL THROUGH FIRST QUARTER OF 2026 AS STOCKBUILDS MATERIALIZE IN OECD INVENTORIESSAYS "WE WERE BEARISH ON OIL PRICES THROUGH 2024-25, TARGETING $60 BRENT BY END-'25, NOW MOVING TO NEUTRAL FOR 2026"SAYS ...Reuters
Thu, Dec 11
Russia says Ukraine launched major drone attack, including on Moscow
MOSCOW, Dec 11 (Reuters) - Russia said on Thursday that Ukraine had launched a major aerial attack with at least 287 drones downed over a number of regions including Moscow. Russia's defence ministry said at least 40 drones were shot down over the Moscow region, which along with the city itself ...Reuters
Thu, Dec 11
PRESS DIGEST- New York Times business news - December 11
Dec 11 (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.- The U.S. House of Representatives approved a $900 billion defense policy bill that would codify much of U.S. President Donald Trum...Reuters
Thu, Dec 11
GRAINS-Wheat steadies after selloff triggered by USDA's production estimates
CANBERRA, Dec 11 (Reuters) - U.S. wheat futures steadied on Thursday, supported by a weaker dollar, having fallen nearly 1% in the previous session after the U.S. Department of Agriculture (USDA) raised its estimates for global production, cementing expectations for ample supply.Soybean futures were...Reuters
Thu, Dec 11
Over 30 sanctioned ships in Venezuela at risk after US tanker seizure
'Shadow fleet' vessels under sanctions may reconsider whether to leave Venezuelan waters in coming daysUS targeting of sanctioned vessels may delay oil exportsGlobal dark fleet includes 1,423 tankers, 921 under sanctionsBy Marianna Parraga and Jonathan Saul HOUSTON/LONDON, Dec 10 (Reuters...Reuters
Thu, Dec 11
