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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
CNOOC ships first Golden Arrowhead crude from Guyana to China
SINGAPORE, Nov 25 (Reuters) - China, world's top oil importer, will receive its first Golden Arrowhead crude cargo from Guyana in December, according to trade sources and shipping data, as producer CNOOC Ltd 600938.SS seeks to expand markets for the new grade.CNOOC loaded the 1-million-barrel ca...Reuters
Tue, Nov 25
ANALYSIS-What could Maduro offer Trump in potential talks? Oil
Maduro could offer a portion of oil cargoes currently sold to ChinaWashington and Caracas could also engage in negotiations to restore US energy licensesNew phase of action against Venezuela puts more pressure on MaduroBy Marianna Parraga HOUSTON, Nov 25 (Reuters) - Venezuelan President Nicolas M...Reuters
Tue, Nov 25
Silver declines as firm US Dollar, risk tone weigh on safe-haven appeal
Silver (XAG/USD) trades lower on Tuesday, around $51.20 at the time of writing. Despite this decline, any meaningful correction remains limited, as investors continue to show interest in the white metal amid elevated geopolitical uncertainty and a growing likelihood of further US monetary easing.
Fxstreet
Tue, Nov 25
European car industry risks 'irreversible decline', Stellantis chairman warns
TURIN, Nov 25 (Reuters) - Stellantis STLAM.MI Chairman John Elkann on Tuesday warned that the European auto industry risks an "irreversible decline".Speaking in Turin, Elkann said the industry as a whole had drawn up a package of proposals for the European Commission to give automakers more ...Reuters
Tue, Nov 25
CPC says it suspended oil loadings from Russia's Novorossiysk due to drone attack
MOSCOW, Nov 25 (Reuters) - The Caspian Pipeline Consortium (CPC) had temporarily suspended oil loadings at its Russian Black Sea's terminal near Novorossiysk due to an overnight drone attack, which damaged its office.It did not provide further comments, referring to its previous statements about...Reuters
Tue, Nov 25
Codelco Pushes For Massive Hike In Annual Premiums For Refined Metal Supplies To Its Chinese Customers - Bloomberg News
Nov 25 (Reuters) - CODELCO PUSHES FOR MASSIVE HIKE IN ANNUAL PREMIUMS FOR REFINED METAL SUPPLIES TO ITS CHINESE CUSTOMERS - BLOOMBERG NEWSCODELCO OFFERED TO SUPPLY SOME BUYERS AT A PREMIUM OF $335 A TON OVER LONDON METAL EXCHANGE PRICES FOR 2026 ANNUAL CONTRACTS - BLOOMBERG NEWSSource text: https://...Reuters
Tue, Nov 25
CNOOC ships first Golden Arrowhead crude from Guyana to China
SINGAPORE, Nov 25 (Reuters) - China, world's top oil importer, will receive its first Golden Arrowhead crude cargo from Guyana in December, according to trade sources and shipping data, as producer CNOOC Ltd 600938.SS seeks to expand markets for the new grade.CNOOC loaded the 1-million-barrel ca...Reuters
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
FACTBOX-JPMorgan sees Brent crude oil at $57 a barrel, WTI at $53 in 2027
Nov 25 (Reuters) - JPMorgan on Monday forecast Brent at $57 a barrel and WTI at $53 in 2027, while leaving its 2026 forecasts unchanged at $58 and $54, respectively.The Wall Street bank said in a note that it expects global oil demand to rise 0.9 million barrels per day (bpd) in 2025 to 105.5 milli...Reuters
Tue, Nov 25
China extends beef import probe into 2026, giving exporters more breathing room
By Ella Cao and Lewis Jackson BEIJING, Nov 25 (Reuters) - China has extended its investigation into beef imports by another two months, giving global suppliers a longer temporary reprieve from potential trade restrictions as the domestic industry battles a supply glut. The investigation will now ...Reuters
Tue, Nov 25
European Gas falls below EUR30/MWh amid calm market – ING
European gas prices slipped below EUR30/MWh as mild weather forecasts and ample LNG supply eased short-term concerns, though lower storage levels and fund positioning keep market risks present, ING's commodity experts Ewa Manthey and Warren Patterson note.Fxstreet
Tue, Nov 25
Oil rises on risk-on sentiment amid Fed cut bets – ING
Oil prices climbed on broader risk appetite and rising expectations of a December Fed rate cut, while markets closely tracked evolving Ukraine peace talks that could reshape the supply outlook, ING's commodity experts Ewa Manthey and Warren Patterson note.Fxstreet
Tue, Nov 25
Russia's Sechin says the West could face economic crisis due to sanctions
Sechin speaks in China Sechin says West faces economic crisis Sanctions have not worked - Sechin says Putin vowed Russia will not bow to Western pressureBy Vladimir SoldatkinMOSCOW, Nov 25 (Reuters) - Igor Sechin, one of the most influential men in Russia's energy sector, said on Tuesday that sa...Reuters
Tue, Nov 25
TABLE-North Sea gas maintenance schedule: Revises TGPP outage
Nov 25 (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
Tue, Nov 25
