News
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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
TABLE-UAE's Fujairah oil inventory data for week ended December 8
Dec 11 (Reuters) - The Fujairah Oil Industry Zone published the following inventory data for oil products for the week ended December 1, according to industry information service S&P Global Commodity Insights.Volumes are in thousands of barrels. Figures in brackets represent the volume change fr...Reuters
Thu, Dec 11
ROI-India imports more Russian crude, but mix of buyers shifts: Russell
Reuters Open Interest (ROI) is your essential source for global financial commentary. By Clyde Russell LAUNCESTON, Australia, Dec 11 (Reuters) - India's crude oil imports from Russia are on track to climb to a six-month high in December as the world's third-biggest buyer defies U.S. sanct...Reuters
Thu, Dec 11
Perseus Mining exits Predictive Discovery race after Robex improves its proposal
Dec 11 (Reuters) - Gold miner Perseus Mining PRU.AX said on Thursday its binding offer to acquire Predictive Discovery PDI.AX has lapsed after rival bidder Robex Resources RBX.V improved its bid proposal under an existing agreement. The companies, all with gold assets in West Africa, are vying to ex...Reuters
Thu, Dec 11
RUBBER-Japan futures climb for 5th session after Fed cuts interest rates
TOKYO, Dec 11 (Reuters) - Japanese rubber futures climbed on Thursday, marking a fifth straight session of gains after the U.S. Federal Reserve cut interest rates as expected, with hopes for further easing, while stronger Shanghai prices also lent support.The Osaka Exchange (OSE) rubber contract f...Reuters
Thu, Dec 11
PRESS DIGEST- Financial Times - December 11
Dec 11 (Reuters) - The following are the top stories in the Financial Times. Reuters has not verified these stories and does not vouch for their accuracy.Headlines- Google DeepMind to build materials science lab after signing deal with UK- Return to EU customs union would ‘unravel’ UK trade deals, S...Reuters
Thu, Dec 11
METALS-Copper climbs more than 1% after Fed lowers rates
BEIJING, Dec 11 (Reuters) - Copper outperformed its base metal peers with a price gain of more than 1% on Thursday, supported by a softer dollar after the U.S. Federal Reserve cut interest rates.The most-traded copper contract on the Shanghai Futures Exchange SCFcv1 climbed 1.17% to 92,730 yuan ($13...Reuters
Thu, Dec 11
GRAINS-Wheat steadies after selloff triggered by USDA raising production estimates
CANBERRA, Dec 11 (Reuters) - U.S. wheat futures steadied on Thursday, having fallen nearly 1% in the previous session after the U.S. Department of Agriculture (USDA) raised its estimates for global production and end-of-season stocks, cementing expectations for ample supply.Soybean futures gained fo...Reuters
Thu, Dec 11
Oil tanker seized by US near Venezuela was falsely flying Guyana flag, government says
GEORGETOWN, Dec 10 (Reuters) - Guyana's maritime authority said on Wednesday that supertanker Skipper carrying Venezuelan oil, which was seized by the United States, was falsely flying Guyana's flag."The Maritime Administration Department has observed the proliferation and unacceptable t...Reuters
Thu, Dec 11
Oil extends gains after US seizure of tanker off Venezuela
Dec 11 (Reuters) - Oil rose for a second straight session on Thursday after the U.S. seized a sanctioned oil tanker off Venezuela’s coast, escalating tensions between the two countries and raising concern over further supply disruptions. Brent crude futures LCOc1 rose 27 cents, or 0.4%, to $62.48 a ...Reuters
Thu, Dec 11
Mexico's Senate approves tariff hikes on Chinese, other Asian imports
MEXICO CITY, Dec 10 - Mexico's Senate approved on Wednesday tariff hikes of up to 50% next year on imports from China and several other Asian countries, aiming to bolster local industry despite opposition from business groups and affected governments.The proposal, passed earlier by the lower hou...Reuters
Thu, Dec 11
TECHNICALS-Commodities intraday targets/key levels
For more technical analyses, click SINGAPORE, Dec 11 (Reuters) - Contract Target Support/Resistance Brent oil (1st month)$62.40/$62res $62.73/$63.05/$63.46Palm oil (3rd month)4,082/4,056 ringgitres 4,109/4,141 ringgitWTI(1st month)$58.58/$58.40res $59.04/$59.20/$59.49Spot gold$4,276/$4,313su...Reuters
Thu, Dec 11
Venezuela forced to double discount on oil to Asia due to flood of sanctioned crude
Oil buyers in Asia are demanding deep discounts on Venezuelan crude due to a flood of sanctioned oil from Russia and Iran on offer and to heightened risk of loading in the South American country as the U.S. boosts its military presence in the Caribbean, traders and other sources said.Reuters
Thu, Dec 11
LIVESTOCK-Cattle futures advance; hogs up on firm cash market
CHICAGO, Dec 10 (Reuters) - Chicago Mercantile Exchange cattle futures rose modestly on Wednesday, supported by tight cattle supplies, even as wholesale beef prices declined, analysts said.CME February live cattle LCG26 settled up 1.575 cents at 228.525 cents per pound after reaching 228.700 cents, ...Reuters
Thu, Dec 11
Gold Price Forecast: XAU/USD drifts higher above $4,200 as Fed delivers expected cut
Gold price (XAU/USD) gains momentum to around $4,235 during the early Asian session on Thursday. The precious metal extends its upside after the US Federal Reserve (Fed) delivered an expected third consecutive interest rate cut and maintained its outlook for just one cut in 2026.
Fxstreet
Thu, Dec 11
BP, Woodside and Chevron are big winners at Gulf of Mexico oil and gas auction
BP, Woodside, Chevron dominate biddingChevron places highest bid of $18.6 million for Keithley Canyon blockCompanies bid more per acre than in any Gulf auction since 2017 Dec 10 (Reuters) - BP BP.L, Woodside Energy and Chevron CVX.N were the top winners on Wednesday at the U.S. government's f...Reuters
Thu, Dec 11
