News
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Gold holds strong at $4,200 as Fed-cut anticipation builds
Gold (XAU/USD) advances during the North American session on Friday, poised to finish the week almost flat above the $4,200 figure as market participants brace for the Federal Reserve (Fed) monetary policy meeting next week.
Fxstreet
Fri, Dec 5
US drillers add rigs for fourth time in five weeks, says Baker Hughes
By Scott DiSavino NEW YORK, Dec 5 (Reuters) - U.S. energy firms this week added drilling rigs for the fourth time in five weeks, energy services firm Baker Hughes BKR.O said in its closely followed report on Friday.The oil and gas rig count, an early indicator of future output, rose by five to 54...Reuters
Fri, Dec 5
ROI-G7’s Russian oil tanker ban shows teeth, but bite is in doubt: Bousso
By Ron Bousso LONDON, Dec 5 (Reuters) - The G7’s proposed plan to bar tankers from hauling Russian oil ups the ante in the West’s economic stand-off with Moscow, but the ultimate bite hinges on whether governments will ratchet up punishments on those skirting sanctions.And with Russian President ...Reuters
Fri, Dec 5
EU risks slow demise of aluminium industry if carbon tax not scrapped, Constellium CEO says
Carbon charge on aluminium imports into Europe starts in JanuaryCost inflation will be 'death by a thousand cuts' for clients, Constellium CEO says Dec 5 (Reuters) - The European Union should drop a looming carbon border tax that risks pushing its aluminium sector into long-term decli...Reuters
Fri, Dec 5
EU wheat edges towards contract lows as supply pressure weighs
PARIS, Dec 5 (Reuters) - European wheat futures fell for a second straight day on Friday, approaching contract lows as abundant global supplies hung over the market.March wheat BL2H6, the most-active contract on Paris-based Euronext, settled 0.3% down at 189.25 euros ($220.23) per metric ton, edging...Reuters
Fri, Dec 5
US drillers add oil and gas rigs for fourth time in five weeks, says Baker Hughes
By Scott DiSavinoNEW YORK, Dec 5 (Reuters) - U.S. energy firms this week added oil and natural gas rigs for the fourth time in five weeks, energy services firm Baker Hughes BKR.O said in its closely followed report on Friday.Reuters
Fri, Dec 5
METALS-Copper hits record high after Citi lifts price outlook
Dec 5 (Reuters) - Copper jumped to a record high on Friday after Citi lifted its price outlook for the metal, while a weak dollar also provided support ahead of an expected U.S. rate cut next week.Benchmark three-month copper CMUCU3 on the London Metal Exchange was up 1.7% at $11,635 per metric ton ...Reuters
Fri, Dec 5
Europe Gasoline/Naphtha-Gasoline crack spreads ease
LONDON, Dec 5 (Reuters) - Northwest European gasoline refinery profit margins fell by about 72 cents to $15.01 a barrel on Friday.A total of 18,000 metric tons of Eurobob E5 gasoline traded on barges on Friday, as Glencore, Equinor, and Trafigura sold to Gunvor, ExxonMobil, BMV Mineraloel, Aramco, V...Reuters
Fri, Dec 5
North Sea Crude-WTI Midland falls on two deals
LONDON, Dec 5 (Reuters) - WTI Midland differentials narrowed on Friday after two deals, while North Sea differentials were steady. PLATTS WINDOWIndications are on a free-on-board (FOB) basis unless marked as cost, insurance and freight (CIF) or delivered at place (DAP). There were two dea...Reuters
Fri, Dec 5
China's vice premier holds 'constructive' call with Bessent and Greer
BEIJING, Dec 5 (Reuters) - Top Chinese and U.S. officials held a call on Friday to discuss trade, including ongoing efforts to implement an agreement to de-escalate their countries’ trade war.Chinese Vice Premier He Lifeng had an "in-depth and constructive" video call with U.S. Treasury Secr...Reuters
Fri, Dec 5
Spain probes whether swine fever outbreak was caused by lab leak
By Charlie Devereux and Joan Faus MADRID/BARCELONA, Dec 5 (Reuters) - The Catalonia regional government said on Friday it would investigate a research centre outside Barcelona after Spain's Agriculture Ministry said a recent swine fever outbreak could have been caused by a laborat...Reuters
Fri, Dec 5
PRESS DIGEST-Canada - Dec 5
Dec 5 (Reuters) - The following are the top stories from selected Canadian newspapers. Reuters has not verified these stories and does not vouch for their accuracy. THE GLOBE AND MAILCanada's transport ministry will meet on Friday with Nutrien NTR.TO, the world’s largest fertilizer prod...Reuters
Fri, Dec 5
EIA to ditch some existing reports and launch new surveys on minerals, data centers
EIA to target redundant reports Agency looking to launch over 10 new surveys, including on critical minerals, data centersEIA is rethinking its annual energy outlook, and international energy outlook reportsAgency is investigating technical glitch that delayed release of data this weekBy Arathy Soma...Reuters
Fri, Dec 5
Silver reserves in London vaults rise 3.5% m/m in November, says LBMA
Dec 5 (Reuters) - The London Bullion Market Association (LBMA) said on Friday that silver held in London vaults totalled 27,187 at the end of November, a 3.5% increase from the previous month, the LBMA said.There were also 8,907 metric tons of gold held, up 0.6% from October, the LBMA added.Reuters
Fri, Dec 5
GRAINS-Soy futures slide on China demand doubts
By Tom Polansek CHICAGO, Dec 5 (Reuters) - Chicago Board of Trade soybean futures sagged on Friday and were headed for their first weekly loss in eight weeks amid uncertainty over the scale of Chinese demand for U.S. supplies under a bilateral trade truce.Wheat and corn futures also eased, with a...Reuters
Fri, Dec 5
UK's Unite Says Around 300 Leicester, Hinckley And Coalville Arriva Bus Workers To Strike
Dec 5 (Reuters) - UK'S UNITE: UK'S UNITE: AROUND 300 LEICESTER, HINCKLEY AND COALVILLE ARRIVA BUS WORKERS WILL STRIKE OVER THE MAIN CHRISTMAS SHOPPING PERIOD - WEBSITEUK'S UNITE: ARRIVA BUS WORKERS TO STRIKE ON 11, 12, 13, 15, 20 AND 21 DECEMBER AND 5 AND 6 JANUARYReuters
Fri, Dec 5
EXCLUSIVE-EU, G7 weigh ban on maritime services for Russian oil exports, end to price cap
Russia secured a dedicated fleet of tankersRussia still exporting a third of oil in Western shipsGreece, Cyprus and Malta still provide large servicesMeasure would mark near full ban on Russian oil at G7, EU levelBy Julia Payne, Jonathan Saul and Maria Cheng BRUSSELS/LONDON/OTTAWA, Dec 5 (Reuter...Reuters
Fri, Dec 5
Chevron to join Nigeria oil licence auction, plans rig deployment in 2026
By Isaac Anyaogu LAGOS, Dec 5 (Reuters) - Chevron said on Friday it will participate in Nigeria’s next oil licensing round and plans to deploy a drilling rig in late 2026 as it seeks to expand operations in Africa’s top energy producer.Jim Swartz, chairman and managing director of Chevron Nigeria...Reuters
Fri, Dec 5
Spain investigating whether swine fever outbreak was caused by laboratory leak
By Charlie Devereux and Jesus Calero MADRID, Dec 5 (Reuters) - Spain is investigating whether a recent swine fever outbreak in Barcelona could have been caused by a laboratory leak, the Agriculture Ministry said on Friday.The country, the European Union's top pork producer, is trying to reass...Reuters
Fri, Dec 5
