News
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Equinor starts production at Brazil's Bacalhau oilfield
OSLO, Oct 16 (Reuters) - Norway's Equinor EQNR.OL said on Thursday it has begun production at its Bacalhau oilfield in Brazil, one year later than originally planned when the investment decision was made in 2021.With recoverable reserves exceeding one billion barrels of oil equivalent (boe), Bac...Reuters
Thu, Oct 16
India's MRPL seeks cheaper oil amid US pressure, hopes to keep buying Russian
By Nidhi Verma NEW DELHI, Oct 16 (Reuters) - India's Mangalore Refineries and Petrochemicals MRPL.NS is scouting for oil from alternative sources sold at a discount while hoping to continue buying Russian oil, its managing director Mundkur Shyamprasad Kamath said on Wednesday.U.S. President D...Reuters
Thu, Oct 16
India MRPL Exec Have Already Started Looking At Alternative Oil Sold At Discount
Oct 16 (Reuters) - Mangalore Refinery and Petrochemicals Ltd MRPL.NS:HAVE ALREADY STARTED LOOKING AT ALTERNATIVE OIL SOLD AT DISCOUNTHOPEFUL WILL CONTINUE TO BUY RUSSIAN OIL IN NEAR FUTUREPROCESSED 35-40% RUSSIAN OIL IN SEPT QUARTERNOT BUYING US OIL DUE TO PRICING, MAY BUY IN FUTURESource text: [ID:...Reuters
Thu, Oct 16
Rare earths tensions rise as US and China trade barbs
China rebuts US calls to ease rare earth export controlsUS accuses China of supply-chain power grab amid tariff threatsBeijing says export controls align with international practices BEIJING, Oct 16 (Reuters) - Chinese state media on Thursday issued a seven-point rebuttal to U.S. calls for Beijin...Reuters
Thu, Oct 16
TECHNICALS-CBOT soybeans may retest support at $9.46 in Q4
For more technical analyses, please click SINGAPORE, Oct 16 (Reuters) - CBOT soybeans Sc1 may retest support at $9.46 per bushel in the fourth quarter, a break below which may open the way towards the $8.06-1/4 to $8.92-1/2 range.The uptrend from $9.36-1/4 has been developing within a rising channel...Reuters
Thu, Oct 16
WTI drifts higher to near $58.40 as Trump says India will stop importing Russian oil
West Texas Intermediate (WTI), the US crude oil benchmark, is trading around $58.40 during the early European trading hours on Thursday. The WTI recovers from a five-month low after US President Donald Trump said Indian Prime Minister Narendra Modi had vowed to halt purchases of Russian barrels.
Fxstreet
Thu, Oct 16
TABLE-North Sea gas maintenance schedule: Revises Bacton outage
Oct 16 (Reuters) - The following is a schedule of maintenance work on gas infrastructure, mainly in the North Sea.The table is arranged by outage start date.Volumes are in standard million cubic metres per day (mcm/d) or gigawatt-hours per day (GWh/d) unless otherwise indicated.OPERATORLOCATIONOUTAG...Reuters
Thu, Oct 16
Crude Oil price today: WTI price bearish at European opening
West Texas Intermediate (WTI) Oil price falls on Thursday, early in the European session. WTI trades at $58.30 per barrel, down from Wednesday’s close at $58.33.Brent Oil Exchange Rate (Brent crude) is also shedding ground, trading at $62.18 after its previous daily close at $62.23.Fxstreet
Thu, Oct 16
VEGOILS-Palm falls on weak India demand, soyoil competition
KUALA LUMPUR, Oct 16 (Reuters) - Malaysian palm oil futures inched lower on Thursday, weighed down by 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 down 13 ringgit, or ...Reuters
Thu, Oct 16
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
Poland - Factors to Watch October 16
WARSAW, Oct 16 (Reuters) - The following are significant news stories, press reports and events on Thursday. ALL TIMES GMT (Poland: GMT + 2 hours):EIB INVESTMENTSThe European Investment Bank will spend an additional 1 billion euros on defense projects on NATO's eastern flank, including in Poland...Reuters
Thu, Oct 16
Private equity firm Ardian raises $20 billion for infrastructure in Europe
By Alessandro Parodi PARIS Oct 16 (Reuters) - Ardian has raised a record $20 billion for its next-generation fund dedicated to energy, transport and digital connectivity in Europe, showing strong investor interest in critical infrastructure, the French private equity firm said on Thursday.With U....Reuters
Thu, Oct 16
Weak Chinese and U.S. markets weigh on Pernod Ricard Q1 sales
PARIS, Oct 16 (Reuters) - French spirits maker Pernod Ricard PERP.PA said it still expected sales to improve in its 2026 fiscal year after reporting a well-flagged 7.6% fall in first quarter sales, due to weak consumer demand and destocking in China and the United States.Pernod, the world's seco...Reuters
Thu, Oct 16
Gold prices extend record rally on US-China tensions, rate-cut bets
Oct 16 (Reuters) - Gold prices hit a record high on Thursday, rising for a fifth session, as investors ramped up their safe-haven bets amid rising trade tensions between the world's two largest economies, a U.S. federal government shutdown and heightened rate-cut bets.
Reuters
Thu, Oct 16
South Korea Industry Ministry launches taskforce on rare earth supply chain
SEOUL, Oct 16 (Reuters) - South Korea's Industry Ministry said on Thursday that it has launched a taskforce on rare earth supply chains and plans to prepare measures to mitigate the impact of China's export curbs on the critical metal on South Korea's major industries like mircochips, el...Reuters
Thu, Oct 16
Discussions ongoing with U.S. on deepening energy co-operation, India says
Oct 16 (Reuters) - India said on Thursday that discussions were ongoing with the United States on deepening energy co-operation between the two countries, hours after U.S. President Donald Trump said India had pledged to stop buying oil from Russia.Reuters
Thu, Oct 16
