News
Important Only
U.S. CPC Expects Relatively Weak And Short Lived La Nina Through Winter 2025-2026
Oct 16 (Reuters) - U.S. NATIONAL WEATHER SERVICE'S CLIMATE PREDICTION CENTER (CPC):SAYS THE MOST COMMON LA NIÑA IMPACTS CONTRIBUTE TO THE OUTLOOK DURING THE LATE AUTUMN AND WINTER MONTHSSAYS THE EXPECTATIONS ARE FOR A RELATIVELY WEAK AND SHORT LIVED LA NINA THROUGH WINTER 2025-2026 BEFORE EASING...Reuters
Thu, Oct 16
PRECIOUS-Gold continues record run on safe-haven rush, US rate cut bets
Top US officials blast China's rare earths curbsGold holds above $4,200/oz levelShutdown could cost US economy $15 billion a week, Treasury saysBy Anushree Mukherjee Oct 16 (Reuters) - Gold extended its rally to another record high on Thursday, as investors turned to the safe-haven asset due ...Reuters
Thu, Oct 16
Turkey keeps Russian oil imports steady in October versus September, LSEG data shows
MOSCOW, Oct 16 (Reuters) - Turkey is set to maintain its imports of Russian Urals crude oil in October at around 280,000 barrels per day (bpd), unchanged from September, according to LSEG shipping data and market sources.October exports to Turkey may even surpass September's volume as additional...Reuters
Thu, Oct 16
QUOTES-Putin speaks on oil, gas, coal and nuclear at Russian Energy Week
MOSCOW, Oct 16 (Reuters) - President Vladimir Putin gave the keynote address at Russian Energy Week 2025 in Moscow.Here are some of the main parts of his speech. He spoke in Russian and his words were translated by Reuters.ON FUTURE OF OIL MARKET:"According to estimates, global oil demand this y...Reuters
Thu, Oct 16
AEP secures $1.6 billion US federal loan guarantee to upgrade power lines
Loan will be used to upgrade transmission lines in five statesAEP says energy demand growth at levels not seen in a generationUpgrades will support data centers, AI, manufacturingBy Pooja Menon and Timothy Gardner Oct 16 (Reuters) - American Electric Power's AEP.O unit has secured a $1.6 bil...Reuters
Thu, Oct 16
Putin urges more support for Russian coal industry
MOSCOW, Oct 16 (Reuters) - Russian President Vladimir Putin said on Thursday that the coal market will remain significant in the decades to come and urged the government to set up mechanisms to support the industry.Russia's coal sector is struggling with a host of problems including low prices, ...Reuters
Thu, Oct 16
GRAINS-Soybeans and corn edge up, wheat eases back towards 5-year low
Soy supported by high US crushing, corn by US supply doubtsUS-China trade tensions, US data delays curb price movesWheat weighed down by rising exporter supplyBy Gus Trompiz and Naveen Thukral PARIS/SINGAPORE, Oct 16 (Reuters) - Chicago soybean and corn futures ticked higher on Thursday, supporte...Reuters
Thu, Oct 16
Putin says Russia is working to raise its gas exporting potential
MOSCOW, Oct 16 (Reuters) - President Vladimir Putin said on Thursday that Russia was working to raise its gas exporting potential.According to recent projections compiled by the economy ministry, the Russian government expects pipeline gas exports outside the former Soviet Union to decline this year...Reuters
Thu, Oct 16
Russia's Putin says Russia to produce 510 mln tons of oil in 2025, 1% down on 2024
MOSCOW, Oct 16 (Reuters) - President Vladimir Putin said on Thursday that Russia will produce 510 million tons of oil in 2025, 1% down on 2024.These volumes are in line with OPEC+ agreements which Russia continues to follow, fulfilling its obligations to balance the global oil market, Putin said.Reuters
Thu, Oct 16
Gold Price Forecast: XAU/USD rallies further to near $4,240 due to multiple tailwinds
Gold price (XAU/USD) extends its rally to near $4,240 during the European trading session on Thursday. The precious metal continues to move higher amid firm Federal Reserve (Fed) dovish bets and ongoing trade tensions between the United States (US) and China.Fxstreet
Thu, Oct 16
Bulgaria secures liquefied gas to meet winter energy demand
ATHENS, Oct 16 (Reuters) - Bulgaria will receive a total of four cargoes of U.S. liquefied natural gas from TotalEnergies TTEF.PA, Metlen MTLN.L and Shell SHEL.L to supply its households and industries over the winter months, state gas company Bulgargaz EAD said on Wednesday.Bulgaria, a European Uni...Reuters
Thu, Oct 16
RPT-COLUMN-Where are the oil barrels? IEA gap deepens confusion over looming glut: Bousso
International Energy Agency expects heavy oversupply in oil marketAgency however reports 1.5 million bpd of 'unaccounted' oil in AugustIEA bearish outlook clashes with OPEC forecastsBy Ron Bousso LONDON, Oct 16 (Reuters) - The International Energy Agency continues to forecast a significan...Reuters
Thu, Oct 16
Insurer Travelers' profit jumps on lower catastrophe losses, stronger underwriting
Oct 16 (Reuters) - Insurance bellwether Travelers Companies TRV.N reported a profit surge in the third quarter on Thursday, helped by lower catastrophe losses, stronger underwriting fees and higher investment returns.Resilient consumer spending, despite higher borrowing costs, has helped sustain ins...Reuters
Thu, Oct 16
VEGOILS-Palm ends higher despite weak India demand, soyoil competition
KUALA LUMPUR, Oct 16 (Reuters) - Malaysian palm oil futures ended higher on Thursday, reversing earlier losses despite weakening demand from India and growing pressure from cheaper soyoil.The benchmark palm oil contract FCPOc3 for January delivery on the Bursa Malaysia Derivatives Exchange was up 6 ...Reuters
Thu, Oct 16
China blames US for global panic over rare earths controls
China rebuts US calls to ease rare earth export controlsUS intentionally stoked global panic, says commerce ministryUS accuses China of supply-chain power grab amid tariff threatsBeijing says export controls align with international practicesBy Joe Cash BEIJING, Oct 16 (Reuters) - China on Thursd...Reuters
Thu, Oct 16
UK sanctions Russia's Lukoil and Rosneft, targets shadow fleet
Britain targets Russia's Lukoil and Rosneft oil companiesAims to cut Kremlin revenues for funding Ukraine warCompanies considered strategically significant to RussiaTraders say measures will disrupt shipping and insurance for Russian oilBy Sam Tabahriti and Muvija M LONDON, Oct 15 (Reuters) -...Reuters
Thu, Oct 16
Tanker diversions from sanctioned Chinese terminal may cause congestion at other ports
At least four vessels divert to Zhoushan; one to TianjinZhoushan terminal connected to Sinopec refineries via pipelineBy Florence Tan, Chen Aizhu and Trixie Yap SINGAPORE, Oct 15 (Reuters) - Trading firms have diverted at least five more crude oil tankers from a major port in eastern China after ...Reuters
Thu, Oct 16
Gold continues record run on safe-haven rush, US rate cut bets
Gold extended its rally to a new record high on Thursday, as investors turned to the safe-haven asset due to U.S.-China trade tensions and the U.S. government shutdown, with prospects of interest rate cuts further boosting demand.Reuters
Thu, Oct 16
