News
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Petrobras investment to drop in first cut under Brazil's Lula
By Rodrigo Viga Gaier RIO DE JANEIRO, Nov 26 (Reuters) - Brazilian state-run oil firm Petrobras' five-year investment plan will see its first cut under President Luiz Inacio Lula da Silva's government due to lower oil prices, three sources familiar with the matter told Reuters. The new pl...Reuters
Wed, Nov 26
PRECIOUS-Gold climbs to over one-week peak as hopes of Fed rate cut rises
Deutsche Bank raises 2026 gold forecast to $4,450 per ounceSpot gold hits highest since November 14Unemployment claims fall, but job market remains weakBy Anjana Anil and Noel John Nov 26 (Reuters) - Gold prices hovered near an over one-week high on Wednesday, after expectations the U.S. Federal ...Reuters
Wed, Nov 26
Marathon Reports Emissions at Galveston Bay, Texas Refinery
Nov 26 (Reuters) - MARATHON PETROLEUM MPC.N:REPORTS EMISSIONS FROM FLARE 2 311, SOUR WATER SYSTEM FUGITIVES PWRS2 AT GALVESTON BAY, TEXAS REFINERY ON NOVEMBER 25REPORTS REFINERY EXPERIENCED AN UNEXPECTED LOSS OF STEAM FROM THE EXTERNAL STEAM SUPPLIERSAYS REDUCED COKER UNIT OPERATIONS UNTIL FLARING S...Reuters
Wed, Nov 26
US weekly petroleum products exports hit record high last week, says EIA
NEW YORK, Nov 26 (Reuters) - U.S. weekly exports of petroleum products rose to a record high during the week ended November 21, the U.S. Energy Information Administration (EIA) said in its weekly Petroleum Status Report on Wednesday.EIA said products exports reached 7.732 million barrels per day (bp...Reuters
Wed, Nov 26
Mexico's Pemex pumps less, refines more at home in October, data shows
MEXICO CITY, Nov 26 (Reuters) - Mexican state energy company Pemex pumped 4.4% less crude oil and condensate in October year-on-year, or 1.64 million barrels per day (bpd), although it refined more at home, data showed.Pemex attributes the sustained decline in crude oil production, which currently a...Reuters
Wed, Nov 26
US group sues Apple over Congo conflict minerals
IRAdvocates alleges Apple uses conflict minerals from DRC and RwandaApple denies links to armed groups, has said suppliers told not to source from regionDRC's tightened controls on minerals affect global tech supply chainsBy Maxwell Akalaare Adombila and David Lewis DAKAR/LONDON, Nov 26 (Reut...Reuters
Wed, Nov 26
StoneX cuts forecast for Brazil's 2026/27 sugar output
SAO PAULO, Nov 26 (Reuters) - Sugar production in Brazil's key center-south region is set to total 41.5 million metric tons in 2026/27, consultancy StoneX said on Wednesday, down from a previous estimate of 42.1 million tons released in September.• The new estimate still points to a 3.3% increas...Reuters
Wed, Nov 26
Trafigura accuses Gupta of weaving incoherent web to cover $600 million nickel fraud
By Eric Onstad LONDON, Nov 26 (Reuters) - Trafigura lawyers said Prateek Gupta's allegations that the group concocted a secret scheme to swap expensive nickel for low-value metals were full of inconsistencies, as the Indian businessman gave evidence in a long-running fraud case on Wednesday. ...Reuters
Wed, Nov 26
PRECIOUS-Gold climbs to over one-week peak as hopes of Fed rate cut rises
Deutsche Bank raises 2026 gold forecast to $4,450 per ounceSpot gold hits highest since November 14Unemployment claims fall, but job market remains weakBy Anjana Anil and Noel John Nov 26 (Reuters) - Gold prices hovered near an over one-week high on Wednesday, after expectations that the U.S. Fed...Reuters
Wed, Nov 26
SOFTS-Cocoa futures rebound, raw sugar also higher
LONDON, Nov 26 (Reuters) - London cocoa futures rose on Wednesday as industry buying helped the market to regain some ground after the previous session's fall to the lowest level in nearly two years. COCOALondon cocoa LCCc2 advanced 1.2% to 3,828 pounds a metric ton by 1417 GMT. Prices ...Reuters
Wed, Nov 26
US natural gas futures surge 3% on record LNG flows ahead of storage report
Analysts see smaller-than-usual storage withdrawal last weekRecord US gas output allows for increased stockpilingColder weather expected to increase gas demand for heatingLNG export feedgas reaches new daily highEuropean gas prices lower amid Russia-Ukraine peace talksBy Scott DiSavino Nov 26 (Re...Reuters
Wed, Nov 26
CBOT Trends-Wheat steady-up 2 cents, corn and soy up 1-3 cents
CHICAGO, Nov 26 (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.NOTE: Markets will be closed for Thanksgiving on Thursday. WHEAT - Steady to up 2 cents per bushelTraders were ad...Reuters
Wed, Nov 26
EXCLUSIVE-EDF weighs full sale of US renewable unit to focus on French nuclear
EDF had been looking only to sell a minority stakeSale could value US renewables unit near 4 billion euros -sourceCompany focused on building up French nuclear fleetBy Forrest Crellin, Isla Binnie, David French and Andres Gonzalez PARIS/NEW YORK/LONDON, Nov 26 (Reuters) - French state-owned utili...Reuters
Wed, Nov 26
PRESS DIGEST-Canada - Nov 26
Nov 26 (Reuters) - The following are the top stories from selected Canadian newspapers. Reuters has not verified these stories and does not vouch for their accuracy. THE GLOBE AND MAILThe Canadian Securities Exchange is weighing a takeover of Cboe Canada CBOE.Z in a deal that would create t...Reuters
Wed, Nov 26
UK reforms 'motability' scheme to curb 'generous' taxpayers subsidies
LONDON, Nov 26 (Reuters) - British finance minister Rachel Reeves said on Wednesday that she plans to reform the 'motability' scheme, which allows people with disabilities to lease cars using state funding, in order to curb what she described as "generous" taxpayer subsidies.The sche...Reuters
Wed, Nov 26
Trafigura lawyers claim Gupta had history of fraud before alleged $600 million nickel scam
By Eric Onstad LONDON, Nov 26 (Reuters) - Trafigura lawyers accused Prateek Gupta of having had a history of fraudulent dealings before he allegedly organised a $600 million metals scam with the commodity group, as the Indian businessman gave evidence for the first time on Wednesday.Gupta acknowl...Reuters
Wed, Nov 26
Thailand airlifts patients, rushes supplies as floods in south kill 33
More than 2.7 million affected by floods in ThailandMilitary helicopters deployed in southern city of Hat YaiAid sent by air, sea and road, military saysBy Thomas Suen and Panarat Thepgumpanat HAT YAI, Thailand, Nov 26 (Reuters) - Thailand airlifted patients and flew critical supplies, including ...Reuters
Wed, Nov 26
