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Serbia's Russia-owned oil refinery faces shutdown as US sanctions bite, president says
US sanctions hurt Serbia's NIS refinery operationsSerbia faces supply issues, economic hit from sanctionsWashington demands Russian divestment from NIS within three monthsBy Aleksandar Vasovic BELGRADE, Nov 25 (Reuters) - Serbia's Russia-owned NIS NIIS.BEL oil refinery will shut down in f...Reuters
Tue, Nov 25
Kazakhstan's Tengiz boosts oil output by 8.5% month-on-month in November 1-23, source says
MOSCOW, Nov 25 (Reuters) - Kazakhstan's largest oilfield, Tengiz, has increased oil production in November 1 to 23 by 8.5%, month on month, to 787,300 barrels per day, but still behind a planned level set by the energy ministry, a source familiar with the statistics said on Tuesday.Kazakhstan...Reuters
Tue, Nov 25
Chinese 'right on schedule' for US soybean purchases, Bessent tells CNBC
WASHINGTON, Nov 25 (Reuters) - Chinese purchases of American soybeans are "right on schedule," U.S. Treasury Secretary Scott said in a CNBC interview on Tuesday, after Beijing agreed to buy 87.5 million metric tons of the product over the next three and a half years.Reuters
Tue, Nov 25
Bessent says very good chance Trump will announce new Fed chair before Christmas
WASHINGTON, Nov 25 (Reuters) - U.S. Treasury Secretary Scott Bessent said on Tuesday there was a very good chance President Donald Trump would announce a new chairman of the Federal Reserve before Christmas."So we're going to have the last interview in the second round today. Andrew, we got ...Reuters
Tue, Nov 25
Kazakhstan says drone attack on CPC did not affect oil shipments, Ifax reports
ALMATY, Nov 25 (Reuters) - Kazakhstan's Energy Ministry said on Tuesday that the incident with a drone attacking the Caspian Pipeline Consortium (CPC) did not affect oil shipments and transportation, Russian news agency Interfax reported."Kazakhstan is shipping oil as usual," the ministr...Reuters
Tue, Nov 25
GRAINS-Soybeans steady as traders hope for more Chinese buying
CANBERRA/PARIS, Nov 25 (Reuters) - Chicago soybean futures inched up on Tuesday after comments by U.S. President Donald Trump bolstered expectations of further Chinese purchases under a bilateral trade truce.Wheat and corn edged higher, recovering from losses since late last week. Grain markets also...Reuters
Tue, Nov 25
Serbia's central bank to stop payment transactions for NIS if license not extended
BELGRADE, Nov 25 (Reuters) - Serbia's central bank said in a statement it will stop all payment transactions for Serbia's Russian-owned oil company NIS if its operating license is not extended.The U.S. Treasury Department’s Office of Foreign Assets Control (OFAC) placed sanctions on Russia&#...Reuters
Tue, Nov 25
CPC resumes Russian oil loadings after suspension due to drone attacks
MOSCOW, Nov 25 (Reuters) - The Caspian Pipeline Consortium (CPC) resumed loadings on Tuesday after overnight attacks by Ukrainian drones, two sources familiar with the matter said.CPC said earlier that it had temporarily suspended oil loadings at its Russian Black Sea terminal near Novorossiisk due ...Reuters
Tue, Nov 25
US set to narrow its rare earth gap, others not so much
PARIS/BEIJING, Nov 25 (Reuters) - A multi-billion dollar pipeline of rare earth projects around the world is set to partly wean the U.S. off Chinese rare earths, but falls far short of breaking Beijing's grip over the sector for most other countries. Chi...Reuters
Tue, Nov 25
Thai military takes charge of flood crisis as heavy rains hobble relief effort
Waters rising in Thailand's worst-affected city of Hat Yai13 killed in Thailand, 19,000 evacuated in Malaysia's flood-hit northThai navy to send aircraft carrier with field kitchens, medicsMalaysian PM orders maximum effort to help flood victimsHundreds of Thai factories hit, 18 power plants...Reuters
Tue, Nov 25
Copper market still well supplied according to ICSG in September – Commerzbank
September Copper data showed a 57,000-ton deficit, but seasonally adjusted figures point to a slight surplus, suggesting the market remains well supplied despite recent price rallies, Commerzbank's Head of FX and Commodity Research Thu Lan Nguyen notes.Fxstreet
Tue, Nov 25
PRECIOUS-Gold pulls back from over one-week high ahead of delayed US data
Gold rose nearly 2% on MondayUS retail sales, PPI data for September due at 1330 GMTUS dollar By Sherin Elizabeth Varghese Nov 25 (Reuters) - Gold prices eased on Tuesday, slipping from an over one-week peak as the dollar held firm, while investors awaited a batch of delayed U.S. economic data th...Reuters
Tue, Nov 25
Gold surges above $4,150 amid Fed rate cut bets – Commerzbank
The price of Gold rose to $4,155 per troy ounce this morning. Since Friday afternoon, the price has risen by more than $100. The price increase was triggered by rising expectations of an interest rate cut at the Fed's next meeting in two weeks, Commerzbank's commodity analyst Carsten Fritsch notes.Fxstreet
Tue, Nov 25
UPDATE 1 -India's November Russian oil imports set to hit five-month high, Kpler data shows
Sanctions to cause sharp December drop in Russian oil imports, sources sayRefiners seek options on tighter Western curbs, bank scrutinyPutin to visit India in December, Kremlin saysBy Nidhi Verma NEW DELHI/MOSCOW, Nov 25 (Reuters) - India's oil imports from Russia in November are set to hit t...Reuters
Tue, Nov 25
Russian Oil supply limited despite sanctions relief – Commerzbank
Even with potential US sanctions easing, Russian Oil output is unlikely to surge, as OPEC+ production limits and near-capacity operations constrain any significant increase, Commerzbank's commodity analyst Carsten Fritsch notes.
Fxstreet
Tue, Nov 25
SOFTS-London cocoa hits near two-year lows, arabica coffee extends gains
LONDON, Nov 25 (Reuters) - London cocoa futures traded on the ICE exchange fell to near two-year lows on Tuesday, as traders priced in another expected delay to Europe's anti-deforestation law and continued to bet on supply growth this season.Arabica coffee headed higher meanwhile. COCOALo...Reuters
Tue, Nov 25
