News
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Silver surges above $54, outpacing Gold – Commerzbank
The Silver price rose from $50 to more than $54 per troy ounce since the beginning of the week. The rise in the price of Silver thus eclipsed that of Gold. The Gold/Silver ratio subsequently fell to an annual low of just over 77, Commerzbank's commodity analyst Carsten Fritsch notes.
Fxstreet
Fri, Nov 28
Conifex Timber to temporarily curtail Mackenzie sawmill operations
Nov 28 (Reuters) - Forestry company Conifex Timber CFF.TO said on Friday it will temporarily curtail operations at its sawmill in Mackenzie, British Columbia, in response to continued weakness in the North American lumber market.The curtailments will begin on December 15, for a planned four-week dur...Reuters
Fri, Nov 28
Gold and Silver prices climb on expected Fed easing – Commerzbank
Silver is approaching its record high, with Gold also rising, as markets price in further interest rate cuts and declining inventories in China boost momentum, Commerzbank's commodity analyst Barbara Lambrecht notes.Fxstreet
Fri, Nov 28
Oil: Fine-tuning at OPEC+ rather than major changes – Commerzbank
At the semi-annual OPEC+ meeting, the focus is expected to be more on details rather than a change in the short-term production strategy. Oil prices are unlikely to be significantly affected by this. Peace talks remain the key focus, Commerzbank's commodity analyst Barbara Lambrecht notes.Fxstreet
Fri, Nov 28
Sustainable Switch Climate Focus: Southeast Asia flood deaths reach 241
By Sharon Kimathi Nov 28 - By Sharon KimathiEnergy and ESG Editor, Reuters Digitalsharon.kimathi@thomsonreuters.com Hello, The death toll from this week’s floods in Southeast Asia rose to at least 241 on Friday, with authorities working to rescue those stranded, restore power and com...Reuters
Fri, Nov 28
CORRECTED-GLOBAL LNG-Asia spot prices at 8-week low on high inventories, weak demand
By Marwa Rashad LONDON, Nov 28 (Reuters) - Asian spot liquefied natural gas prices hit their lowest level in eight weeks on continued muted demand and high inventories, tracking a drop in European gas prices on hopes of a Ukraine peace deal. The average LNG price for January delivery int...Reuters
Fri, Nov 28
IATA: October Total Demand Up 6.6% YoY
Nov 28 (Reuters) - OCTOBER TOTAL DEMAND, MEASURED IN REVENUE PASSENGER KILOMETERS (RPK), WAS UP 6.6% COMPARED TO OCTOBER 2024 - IATAOCTOBER INTERNATIONAL DEMAND ROSE 8.5% COMPARED TO OCTOBER 2024 - IATADOMESTIC DEMAND INCREASED 3.4% COMPARED TO OCTOBER 2024 - IATAOCTOBER LOAD FACTOR WAS 84.6% (+0.7 ...Reuters
Fri, Nov 28
Putin hosts Hungary's Orban for talks on energy and Ukraine
MOSCOW, Nov 28 (Reuters) - Russian President Vladimir Putin greeted Hungarian Prime Minister Viktor Orban in Moscow on Friday on a rare visit by an EU and NATO leader, saying he would still be happy for Budapest to host a Russia-U.S. summit with President Donald Trump. Orban said he wanted detail...Reuters
Fri, Nov 28
GLOBAL LNG-Asia spot prices rise slightly amid high inventories, muted demand
By Marwa Rashad LONDON, Nov 28 (Reuters) - Asian spot liquefied natural gas prices hit their lowest level in eight weeks on continued muted demand and high inventories, tracking a drop in European gas prices on hopes of a Ukraine peace deal. The average LNG price for January delivery int...Reuters
Fri, Nov 28
Kenya turns to China for $1.5 billion highway expansion
China's CRBC, Shandong and Kenya's NSSF to expand highwayChina changes model of developing Africa infrastructureKenya highway project financing split into debt, equityBy Duncan Miriri GILGIL, Kenya, Nov 28 (Reuters) - Kenya and two Chinese state firms launched construction of a $1.5 billi...Reuters
Fri, Nov 28
UK court lifts BB Energy's injunction on South Sudan oil cargo to allow sale
By Robert Harvey and Sam Tobin LONDON, Nov 27 (Reuters) - London's High Court lifted an injunction on Thursday preventing the sale of a South Sudanese crude oil cargo due to load in the coming days, after the claimant, commodities trader BB Energy, decided not to ask for the injunction to be ...Reuters
Fri, Nov 28
Gold steady in thin liquidity as Dollar strength caps gains
Gold (XAU/USD) holds steady on Friday after a bout of volatility sparked by the CME trading outage pushed prices off their intraday peak. At the time of writing, XAU/USD is trading around $4,172, with the metal on track to notch its fourth straight monthly gain.Fxstreet
Fri, Nov 28
Airbus limits cold-weather takeoffs with Pratt & Whitney engines
Nov 28 (Reuters) - Airbus AIR.PA is restricting operations in extreme cold for some aircraft equipped with Pratt & Whitney engines, an Airbus spokesperson said on Friday, confirming an earlier report by industry publication aeroTELEGRAPH.The French planemaker said it has modified existing proced...Reuters
Fri, Nov 28
Swelling supply to keep oil prices under strain in 2026
Brent projected to average $62.23 per barrel in 2026WTI projected to average $59.00 per barrel in 2026For table of crude price forecasts, click By Anushree Mukherjee Nov 28 (Reuters) - Oil prices are projected to remain under pressure in 2026, as swelling supplies eclipse modest demand growth, wh...Reuters
Fri, Nov 28
Codelco offers US clients copper at record premiums above $500 per ton over LME prices
By Amy Lv and Lewis Jackson Nov 28 (Reuters) - Chile's state-owned copper producer has offered to sell copper at record premiums above $500 a metric ton to U.S. customers with contracts based on London Metal Exchange copper prices, two sources familiar with the matter said.The premium is paid...Reuters
Fri, Nov 28
IATA: October Air Cargo Demand Up 4.1% YoY
Nov 28 (Reuters) - IATA:OCTOBER TOTAL DEMAND, MEASURED IN CARGO TONNE-KILOMETERS (CTK), ROSE BY 4.1% COMPARED TO OCTOBER 2024 LEVELS - IATAOCTOBER CAPACITY, MEASURED IN AVAILABLE CARGO TONNE-KILOMETERS (ACTK), INCREASED BY 5.1% VERSUS OCTOBER 2024- IATAReuters
Fri, Nov 28
Putin tells Orban he would still welcome Budapest as venue for talks with Trump
MOSCOW, Nov 28 (Reuters) - Russian President Vladimir Putin told Hungary's Prime Minister Viktor Orban on Friday that he would still be happy to choose Budapest as a venue to meet U.S. President Donald Trump.Putin and Trump agreed in October to meet in the Hungarian capital, but Trump then cance...Reuters
Fri, Nov 28
