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Turkey says attacks on vessels in Black Sea 'very scary', impact safety and commerce
ANKARA, Dec 3 (Reuters) - Turkey's foreign minister said on Wednesday that recent attacks on Russia-linked tankers within Turkey's exclusive econmic zone in the Black Sea were "very scary" and impacted navigational safety and commerce in the region.Foreign Minister Hakan Fidan, who d...Reuters
Wed, Dec 3
Ivanhoe Mines forecasts Kamoa-Kakula copper output of up to 420,000 tons in 2026
LONDON, Dec 3 (Reuters) - Ivanhoe Mines IVN.TO said on Wednesday that it expects copper output at its Kamoa-Kakula complex in the Democratic Republic of Congo to reach 380,000–420,000 metric tons in 2026 and 500,000–540,000 tons in 2027 as its recovery plan advances.Reuters
Wed, Dec 3
Namibia says onshore Kavango West 1X exploration well yields promising results
WINDHOEK, Dec 3 (Reuters) - Namibia's national oil company Namcor said on Wednesday that the onshore Kavango West 1X exploration well had yielded promising results.A string of high-profile discoveries by oil companies including TotalEnergies, Shell and Galp has turned the small Southern African ...Reuters
Wed, Dec 3
US EIA weekly petroleum status report failed to publish at expected time
NEW YORK, Dec 3 (Reuters) - The U.S. Energy Information Administration did not publish its weekly petroleum status report at 10:30 a.m. ET (1530 GMT) as expected.The agency faced technical difficulties publishing the report on time, EIA officials said.The EIA said it was looking into the issue but d...Reuters
Wed, Dec 3
Terra Brasil draws US, UK, Chinese interest in $1 billion rare earths project
Terra Brasil seeks $1 billion investment in rare earths project18 firms from US, UK, Australia, China accessed data roomExperts say financing holding back Brazil rare earths miningBy Marta Nogueira RIO DE JANEIRO, Dec 2 (Reuters) - Terra Brasil Minerals is drawing global interest in a $1 billion ...Reuters
Wed, Dec 3
US EIA weekly petroleum status report failed to publish at expected time
NEW YORK, Dec 3 (Reuters) - The U.S. Energy Information Administration did not publish its weekly petroleum status report at 10:30 a.m. ET as expected.Officials at the EIA were not immediately available for comment.Reuters
Wed, Dec 3
EU tech rules are costing them big time, U.S. commerce secretary says
WASHINGTON, Dec 3 (Reuters) - U.S. Commerce Secretary Howard Lutnick said on Wednesday the European Union's rules for technology companies are hurting the economic bloc. "I think their technology rules are costing them big time," Lutnick said in an interview with CNBC. Lutnick said last ...Reuters
Wed, Dec 3
Israel publishes draft law seeking to boost state revenues from Dead Sea minerals
By Steven Scheer JERUSALEM, Dec 3 (Reuters) - Israel on Wednesday published a draft law that aims to boost state revenues from a concession for extracting minerals from the Dead Sea as well as tackling its environmental consequences.The Finance Ministry said the proposed law intends to redefine t...Reuters
Wed, Dec 3
REUTERS NEXT-Multilateralism works even as US and fossil fuel industry oppose climate action, UN chief says
By Valerie Volcovici New YORK, Dec 3 (Reuters) - The final outcome of the COP30 climate summit in Brazil last month was "disappointing," but showed multilateralism still works in the absence of the United States' participation and amid growing geopolitical tensions, UN Secretary-Gener...Reuters
Wed, Dec 3
US natgas futures climb 2% to 35-month high on record LNG flows, colder weather forecasts
Colder weather expected to increase gas demand for heatingRecord LNG flows boost US natural gas demandCash gas prices rise to highest levels since last winter on extreme coldGlobal gas prices lower amid Russia-Ukraine peace talksRecord output, ample storage limit price gainsBy Scott DiSavino NEW ...Reuters
Wed, Dec 3
Goldman Sachs lifts average H1 2026 LME copper price forecast to $10,710/t
Dec 3 (Reuters) - Goldman Sachs on Wednesday lifted its average LME copper price forecast for the first half of 2026 to $10,710 per metric ton, up from $10,415/t earlier."Copper is our 'favourite' industrial metal as constrained mine supply growth and structural demand growth from grid &...Reuters
Wed, Dec 3
Brazil's 2025 chicken exports to rise despite bird flu trade bans
By Ana ManoSAO PAULO, Dec 3 (Reuters) - Brazilian chicken exports are expected to rise up to 0.5% this year to 5.32 million metric tons, meat lobby ABPA said on Wednesday, after exporters avoided trade bans triggered by a bird flu outbreak in May, including from key buyers China, Japan and the Europ...Reuters
Wed, Dec 3
Multilateralism still works even as US and oil industry abandon climate action, UN chief says
Dec 3 (Reuters) - The final outcome of the COP30 climate summit in Brazil last month was "disappointing," but showed that multilateralism still works in the absence of the United States and strained geopolitical tensions, UN Secretary General Antonio Guterres told the Reuters Next conference...Reuters
Wed, Dec 3
UBS Expects Brent Crude Oil To Trade Around $65/bbl At mid-2026
Dec 3 (Reuters) - UBS:EXPECTS CRUDE OIL PRICES TO START RECOVERING IN THE SECOND QUARTER OF 2026SAYS BASE CASE IS FOR BRENT TO TRADE AT AROUND $65/BBL AT MID-2026 AND $67/BBL AT THE END OF 2026 FORECASTS WEST TEXAS INTERMEDIATE (WTI) AT A $3/BBL DISCOUNT TO BRENTReuters
Wed, Dec 3
Bofa Sees TTF Gas Prices Averaging 27Eur/Mwh In 2026
Dec 3 (Reuters) - BANK OF AMERICA (BofA):SAYS TTF GAS PRICES SHOULD AVERAGE €27/MWH NEXT YEAR AND POSSIBLY FALL BELOW €25/MWHSAYS IF UKRAINE PEACE DEAL EMERGES TTF GAS PRICES COULD FALL FURTHER BELOW €20/MWHSAYS IT EXPECTS GAS AND POWER HUNGRY EUROPEAN DEFENSE AND DATA CENTER INDUSTRY TO PICK UP STE...Reuters
Wed, Dec 3
CBOT Trends-Wheat steady-down 3 cents, corn down 1-3 cents, soybeans mixed
CHICAGO, Dec 3 (Reuters) - Following are U.S. expectations for the resumption of grain and soy complex trading at the Chicago Board of Trade at 8:30 a.m. CST (1430 GMT) on Wednesday. WHEAT - Steady to down 3 cents per bushelWheat lower in a profit-taking and technical selling pullback after risi...Reuters
Wed, Dec 3
GRAINS-Wheat eases after gains driven by Black Sea jitters
PARIS/BEIJING, Dec 3 (Reuters) - Chicago wheat futures edged down on Wednesday after the previous day's rally as traders watched to see if military escalation in the Black Sea would affect grain trade.Soybean futures steadied after a two-day drop as the market continued to assess Chinese demand ...Reuters
Wed, Dec 3
Spain plans wild boar cull to curb population after swine fever outbreak
Catalan leader says 'too many' wild boar in the regionHunting associations asked for support China, Britain have agreed to continue taking some pork exportsBARCELONA/MADRID, Dec 3 (Reuters) - Spain's Catalonia region has pledged to curb its wild boar population, including by ramping up c...Reuters
Wed, Dec 3
