News
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Russian heating and power plant back on line after Ukrainian drone attack
MOSCOW, Nov 24 (Reuters) - A heating and power plant in Russia's Moscow region has resumed operations after shutting down due to a fire caused by a Ukrainian drone strike, regional governor Andrei Vorobyov said on Monday.The attack on Sunday on the facility in Shatura, a town of about 33,000, sp...Reuters
Mon, Nov 24
PRECIOUS-Gold rises on stronger Fed rate cut bets, weaker dollar
Delayed US retail sales report due on TuesdayTraders see 76% chance of US interest rate cut next monthUS and Ukraine continue talks to modify peace planBy Pablo Sinha Nov 24 (Reuters) - Gold prices rose on Monday, supported by growing expectations of a Federal Reserve interest rate cut next mont...Reuters
Mon, Nov 24
Trafigura's former top nickel trader denies he colluded on $600 million fraud
Gupta accuses Trafigura staff of devising fraudulent schemeFormer Trafigura trader denies involvement in alleged $600 million fraudFormer trader says surprised Trafigura team failed to verify nickel authenticityBy Eric Onstad LONDON, Nov 24 (Reuters) - Trafigura's former head nickel trader de...Reuters
Mon, Nov 24
Barrick Announces Resolution Of Its Disputes With Mali
Nov 24 (Reuters) - Barrick Mining Corp ABX.TO:BARRICK ANNOUNCES RESOLUTION OF ITS DISPUTES WITH MALIBARRICK MINING - SUBSIDIARIES WILL WITHDRAW ARBITRATION CLAIMS CURRENTLY PENDING BEFORE INTERNATIONAL CENTRE FOR SETTLEMENT OF INVESTMENT DISPUTESBARRICK MINING - PROVISIONAL ADMINISTRATION OF LOULO-G...Reuters
Mon, Nov 24
Natural Gas Use For Electricity Falls In California As Solar Output Rises, EIA Says
Nov 24 (Reuters) - U.S. ENERGY INFORMATION ADMINISTRATION:SAYS ALTHOUGH NATURAL GAS GENERATION STILL PROVIDES MORE ELECTRICITY THAN ANY OTHER SOURCE IN CALIFORNIA, ELECTRICITY GENERATION FROM NATURAL GAS HAS DECREASED OVER THE PAST SEVERAL YEARS WHILE GENERATION FROM SOLAR HAS INCREASEDREPORTS SOLAR...Reuters
Mon, Nov 24
Russia's Tuapse port resumes fuel exports after two-weeks suspension, sources say
MOSCOW, Nov 24 (Reuters) - Russia's Black Sea port of Tuapse resumed oil product exports last week after a two-week suspension following Ukrainian drone attacks, while the local oil refinery has restarted processing crude, according to two industry sources and LSEG data.According to the sources ...Reuters
Mon, Nov 24
JPMorgan projects Brent crude at $57 a barrel, WTI at $53 in 2027
Nov 24 (Reuters) - JPMorgan forecast on Monday Brent crude at $57 a barrel and West Texas Intermediate (WTI) at $53 in 2027, while keeping its 2026 estimates unchanged at $58 and $54 respectively.Brent crude futures LCOc1 were trading around $62.54 a barrel as of 1434 GMT, while U.S. West Texas Inte...Reuters
Mon, Nov 24
SOFTS-Cocoa falls to near two-year low, arabica coffee edges up
LONDON, Nov 24 (Reuters) - London cocoa futures fell to the lowest level in nearly two years on Monday, while arabica coffee and raw sugar prices were slightly higher. COCOALondon cocoa LCCc2 fell 1.55% to 3,819 pounds a metric ton by 1430 GMT, after slumping to a low of 3,773 pounds, its weak...Reuters
Mon, Nov 24
PRECIOUS-Gold rises on stronger Fed rate cut bets, weaker dollar
Delayed US retail sales report due on TuesdayTraders see 76% chance of US interest rate cut next monthBy Pablo Sinha Nov 24 (Reuters) - Gold prices rose on Monday, supported by growing expectations of a Federal Reserve interest rate cut next month and a weaker dollar. Spot gold XAU= was up 0.4% ...Reuters
Mon, Nov 24
CBOT Trends-Wheat, soy down 4-5 cents, corn down 1-2
CHICAGO, Nov 24 (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 Monday. WHEAT - Down 4 to 5 cents per bushelWheat futures ticked lower on ample global supply and falling Russian wheat pri...Reuters
Mon, Nov 24
NextDecade begins pre-filing process to expand Rio Grande LNG project
Nov 24 (Reuters) - NextDecade Corp NEXT.O said on Monday it has started the U.S. regulatory pre-filing process to add a sixth liquefaction unit and an extra marine berth at its Rio Grande liquefied natural gas project in Texas, with a full application expected in 2026. The U.S. LNG sector has bee...Reuters
Mon, Nov 24
Suriname opens 60% of offshore acreage for oil, gas exploration
PARAMARIBO, Nov 24 (Reuters) - Suriname on Monday launched an "open-door" offer including about 60% of the country's offshore acreage for oil and gas exploration, state-run energy company Staatsolie said in a release.Energy companies interested were invited to select areas from shallow w...Reuters
Mon, Nov 24
Hydro One partners with First Nations to invest in Ontario transmission line
Nov 24 (Reuters) - Canadian utility firm Hydro One H.TO said on Monday Ontario's energy regulator would amend its transmission licence, allowing it to build a new priority transmission line between Bowmanville and the Greater Toronto Area to meet the growing power demand.The move comes amid risi...Reuters
Mon, Nov 24
X-energy raises $700 million to expand nuclear reactor projects in US
Nov 24 (Reuters) - Nuclear reactor developer X-energy said on Monday it had closed a $700 million financing round led by trading company Jane Street to help expand its supply chain and commercial pipeline.WHY IT'S IMPORTANTThe U.S. nuclear industry is undergoing a renaissance after years of stag...Reuters
Mon, Nov 24
RPT-ROI-Limp COP30 deal matters little in renewables vs fossil battle: Russell
Reuters Open Interest (ROI) is your essential source for global financial commentary. By Clyde RussellLAUNCESTON, Australia, Nov 24 (Reuters) - The weak statement that omitted any mention of fossil fuels was probably the best outcome that could have been realistically expected of the COP30 climate s...Reuters
Mon, Nov 24
UK trade minister aims for Washington trip by end of the year
By Alistair Smout LONDON, Nov 24 (Reuters) - Britain's trade minister Peter Kyle is aiming to visit Washington before the end of the year to progress negotiations over sectors such as pharma and steel, he said on Monday. Britain in May was the first country to secure partial relief from U....Reuters
Mon, Nov 24
Trafigura's former top nickel trader denies he colluded on $600 million fraud
Gupta accuses Trafigura staff of devising fraudulent schemeFormer Trafigura trader denies involvement in alleged $600 million fraudTrafigura admits oversight in verifying nickel authenticityBy Eric Onstad LONDON, Nov 24 (Reuters) - Trafigura's former head nickel trader denied allegations by I...Reuters
Mon, Nov 24
