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Kremlin says Russia is selling high-quality oil at low prices to nations Trump is trying to lobby
MOSCOW, Oct 16 (Reuters) - Kremlin spokesman Dmitry Peskov said on Thursday that Moscow was able to supply high-quality oil at lower prices to countries that U.S. President Donald Trump is trying to persuade to stop buying Russian oil. Peskov said that the principles of free trade would be violated ...Reuters
Thu, Oct 16
American Electric Power secures $1.6 billion loan guarantee from US energy department
Oct 16 (Reuters) - American Electric Power AEP.O said on Thursday it has closed on a $1.6 billion loan guarantee from the U.S. energy department to upgrade nearly 5,000 miles of transmission lines in Indiana, Michigan, Ohio, Oklahoma and West Virginia.Reuters
Thu, Oct 16
Caspian Pipeline Consortium says mooring point 2 back in operation, Interfax reports
MOSCOW, Oct 16 (Reuters) - The Caspian Pipeline Consortium (CPC) said on Thursday that the mooring point no. 2 at its Black Sea terminal was now back in operation, Interfax reported.The mooring point had been out of action since an accident and oil spill in August.The CPC also said it transported a...Reuters
Thu, Oct 16
EXCLUSIVE-Cost-cutting vs status quo: bidders envision starkly different futures for Citgo, sources say
Hearing next week to help judge decide the auction's winnerIf bid confirmed, Amber would advance streamlining planDalinar, still fighting for a shot, would take advantage of Citgo's strengthsBy Marianna Parraga and Arathy Somasekhar HOUSTON, Oct 16 (Reuters) - An affiliate of Elliott Inve...Reuters
Thu, Oct 16
ANALYSIS-Critical mineral firms boost Washington lobbying as US expands investments
By Jarrett Renshaw and Ernest Scheyder Oct 16 (Reuters) - Critical mineral companies are boosting lobbying efforts in Washington, hoping to share in the ambitious investments that U.S. President Donald Trump has pledged to firms deemed essential to national security, a Reuters review of publi...Reuters
Thu, Oct 16
Russia says decision could be taken Friday on timing of repair at Zaporizhzhia nuclear plant
MOSCOW, Oct 16 (Reuters) - A Russian official said a decision could be taken as early as Friday on a pause in fighting to enable repairs to power lines at the Russian-held Zaporizhzhia nuclear power station in Ukraine, state media reported.Alexei Likhachev, head of state nuclear corporation Rosatom,...Reuters
Thu, Oct 16
Singapore fuel oil stockpiles rebound above 25 mln barrels
SINGAPORE, Oct 16 (Reuters) - Onshore fuel oil stockpiles in Singapore rebounded after last week's decline, breaching 25 million barrels, as imports surged, official data showed on Thursday. Inventories for residual fuels STKRS-SIN rose to 25.06 million barrels (about 3.95 million metric tons) i...Reuters
Thu, Oct 16
Kremlin says it is guided by official Indian and Chinese oil trade statements amid Trump remarks
MOSCOW, Oct 16 (Reuters) - Kremlin spokesman Dmitry Peskov said on Thursday that Moscow relies on official public statements issued by New Delhi and Beijing regarding oil purchases after U.S. President Donald Trump said that India and China would stop buying Russian oil.India and China have not publ...Reuters
Thu, Oct 16
ASIA COFFEE-Tepid trade in Vietnam as traders await fresh beans
By Phuong Nguyen and Mas Alina ArifinHANOI, Oct 16 (Reuters) - Activity remained quiet in Vietnam on limited bean supplies as fresh beans from the current harvest have yet to pick up, while Indonesia flipped to discounts, traders said on Thursday. In the Central Highlands, its largest coffee-growin...Reuters
Thu, Oct 16
Little cheer for Pernod as US, Chinese quarterly sales slide
Pernod's results show absence of green shoots, analysts sayU.S. and Chinese markets experience steep declinesOverall 7.6% drop slightly worse than expectedCompany leaves guidance unchanged; shares rise almost 2%By Dominique Vidalon and Emma Rumney PARIS, Oct 16 (Reuters) - French spirits make...Reuters
Thu, Oct 16
West Virginia Will Unveil Mountain State Plugging Fund To Retire Approx 20,000 Old Oil & Gas Wells - WSJ
Oct 16 (Reuters) - WEST VIRGINIA WILL UNVEIL MOUNTAIN STATE PLUGGING FUND TO RETIRE APPROX 20,000 OLD OIL & GAS WELLS TO PREVENT ENVIRONMENTAL CONTAMINATION - WSJDIVERSIFIED ENERGY WILL INVEST $70 MILLION INTO THE FUND OVER 20 YEARS, AIMING FOR IT TO GROW TO $650 MILLION - WSJSource text: https:...Reuters
Thu, Oct 16
Gold touches another record – ING
Gold rose to another record high with spot prices reaching intraday highs of $4,242/oz this morning, driven by rising US-China tensions and expectations of two more Fed rate cuts this year, ING's commodity experts Ewa Manthey and Warren Patterson note.
Fxstreet
Thu, Oct 16
Codelco hikes 2026 European copper premium to record $345/T
LONDON, Oct 16 (Reuters) - Chile's Codelco, the world's largest copper miner, is offering to sell the metal at a record premium of $325 a metric ton to its European customers next year, a 39% jump from this year, according to three copper market sources.Premiums set by Codelco for physical d...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 the $4,200/oz levelShutdown could cost US economy $15 billion a week, Treasury saysBy Anushree Mukherjee Oct 16 (Reuters) - Gold extended its rally to a fresh record high on Thursday, as investors turned to the safe-haven asset ...Reuters
Thu, Oct 16
China holds off on soybean purchases due to high Brazil premiums, traders say
China seen buying about 9 million tonnes for Dec-Jan shipmentHigh Brazilian premiums may prompt China to use state reservesUncertainty lingers over U.S.-China soybean talksBy Ella Cao and Naveen Thukral BEIJING/SINGAPORE, Oct 16 (Reuters) - China has yet to secure much of its soybean supply for D...Reuters
Thu, Oct 16
Russia says it's confident energy partnership with India will continue
MOSCOW, Oct 16 (Reuters) - Russia said on Thursday it was confident its energy partnership with India would continue, after U.S. President Donald Trump said India had promised to stop buying oil from Moscow."We continue to cooperate with our friendly partners," Deputy Prime Minister Alexande...Reuters
Thu, Oct 16
FACTBOX-ANZ forecasts gold to hit $4,400/oz by year-end, peak at $4,600/oz by mid-2026
Oct 16 (Reuters) - ANZ on Thursday forecast gold would reach $4,400 per ounce by the end of 2025, driven by mounting geopolitical, economic, and financial uncertainties alongside expectations of Federal Reserve monetary easing.ANZ anticipates gold will peak near $4,600 per ounce by June 2026, follow...Reuters
Thu, Oct 16
Russia says it's confident energy partnership with India will continue, TASS reports
MOSCOW, Oct 16 (Reuters) - Russia is confident its energy partnership with India will continue, Deputy Prime Minister Alexander Novak was quoted by state media as saying on Thursday, after U.S. President Donald Trump said India had promised to stop buying oil from Moscow.Reuters
Thu, Oct 16
