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Freeport Indonesia cuts 2026 output plan; in talks with Amman for concentrate supply
By Fransiska Nangoy and Dewi Kurniawati JAKARTA, Nov 24 (Reuters) - Freeport Indonesia on Monday said it cut its 2026 production plans for its Grasberg mine following a fatal accident in September that killed seven people. A mud flow at Freeport's Grasberg Block Cave (GBC) operation triggere...Reuters
Mon, Nov 24
Mozambique grants 30-year concession to state firms for LNG facilities, pipeline
CAPE TOWN, Nov 24 (Reuters) - Mozambique has granted its top state-owned companies, including national oil firm ENH, a 30-year concession to build and operate natural gas facilities at the Port of Beira and the smaller Inhassoro site, the government said on Monday.Efforts by the Southern African cou...Reuters
Mon, Nov 24
EU-U.S. trade talks progressing but work lies ahead, EU trade chief says
BRUSSELS, Nov 24 (Reuters) - Trade talks between the European Union and the United States are progressing but more work lies ahead on aspects such as steel tariffs, EU trade chief Maros Sefcovic said on Monday. Sefcovic will meet with EU trade ministers on Monday and will also have talks with U...Reuters
Mon, Nov 24
Saudi Arabia buys 300,000 metric tons of wheat in tender, GFSA says
DUBAI/HAMBURG, Nov 24 (Reuters) - Saudi Arabia's main state wheat buying agency, the General Food Security Authority (GFSA), said on Monday it has purchased 300,000 metric tons of wheat in a tender. The purchase involved hard wheat with 12.5% protein content for arrival in Saudi Arabia in Februa...Reuters
Mon, Nov 24
TABLE-North Sea gas maintenance schedule: Adds TGPP outage
Nov 24 (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
Mon, Nov 24
India's MRPL buys UAE Murban crude for January as Russian replacement
SINGAPORE/NEW DELHI, Nov 24 (Reuters) - India's Mangalore Refinery and Petrochemicals Ltd has bought 2 million barrels of Abu Dhabi Murban crude for January loading via a tender as it continues to shun Russian oil, trade sources said on Monday.The refiner bought the cargo from BP via a tender, t...Reuters
Mon, Nov 24
China pitches closer ties to Germany in strategic industries to ease rare earth strains
China's premier met German chancellor on G20 sidelinesWorld's second- and third-largest economies seek closer tiesLi Qiang proposed closer collaboration in strategic industriesUS President Trump's tariffs squeezing both economiesBy Joe Cash BEIJING, Nov 24 (Reuters) - China pitched st...Reuters
Mon, Nov 24
China receives 2 more LNG cargoes from sanctioned Arctic LNG 2 project
SINGAPORE, Nov 24 (Reuters) - China has received two more cargoes of liquefied natural gas from Russia's Arctic LNG 2, LSEG and Kpler data showed, taking to 16 the total number of shipments, despite U.S. and EU sanctions imposed on the project over Moscow's war in Ukraine.The Voskhod tanker ...Reuters
Mon, Nov 24
Freeport Indonesia CEO says full recovery of Grasberg Big Cave mine expected by 2027
JAKARTA, Nov 24 (Reuters) - Freeport Indonesia expects production activity in the Grasberg Big Cave mine to make a full recovery by 2027, chief executive Tony Wenas told reporters on Monday, after a fatal mud flow in September.Meanwhile, the company is in talks with copper miner Amman Mineral Intern...Reuters
Mon, Nov 24
Soybeans sit below 17-month highs as traders mull Chinese demand
CANBERRA, Nov 24 (Reuters) - Chicago soybean futures rose slightly on Monday and were sitting a little below last week's 17-month high as traders pondered whether China would buy enough U.S. beans to push prices higher. Wheat and corn futures slipped for a fourth straight session amid abundant s...Reuters
Mon, Nov 24
Crude Oil price today: WTI price bullish at European opening
West Texas Intermediate (WTI) Oil price advances on Monday, early in the European session. WTI trades at $58.13 per barrel, up from Friday’s close at $57.90.Brent Oil Exchange Rate (Brent crude) is stable, hovering around its previous daily close at $61.90.Fxstreet
Mon, Nov 24
ROI-Diesel doesn't share crude's optimism about Ukraine peace plan: Bousso
Crude oil prices erase almost all gains since October 22 US sanctions on RussiaDiesel spreads remain elevated as conflict constrains global suppliesEU ban on imports of fuels processed from Russian crude takes effect in JanuaryBy Ron Bousso LONDON, Nov 24 (Reuters) - Oil prices eased on hopes for...Reuters
Mon, Nov 24
TECHNICALS-CBOT soybeans to edge up to $11.34-3/4
For more technical analyses, please click SINGAPORE, Nov 24 (Reuters) - The CBOT soybean January contract SF26 is expected to edge up to $11.34-3/4 per bushel, following its stabilization around support at $11.11-1/2.A pullback toward a rising trendline has been triggered. Most likely, the pullback ...Reuters
Mon, Nov 24
PRECIOUS-Gold dips as dollar firms, investors weigh US rate outlook
U.S. dollar holds near six-month highs hit on FridayNo major support for gold bulls - analystBy Ishaan Arora Nov 24 (Reuters) - Gold prices dropped for a third consecutive session on Monday, as the dollar firmed near six-month highs, while investors awaited more clarity on the U.S. interest rate ...Reuters
Mon, Nov 24
EU to urge US to apply more of the July trade deal, including cutting steel tariffs
BRUSSELS, Nov 24 (Reuters) - European Union ministers are set to urge top U.S. trade officials on Monday to apply more of the July EU-US trade deal, such as by cutting U.S. tariffs on EU steel and removing them for EU goods such as wine and spirits. U.S. Commerce Secretary Ho...Reuters
Mon, Nov 24
PRECIOUS-Gold dips as dollar firms, investors weigh US rate outlook
U.S. dollar holds near six-month highs hit on FridayNo major support for gold bulls - analystBy Ishaan Arora Nov 24 (Reuters) - Gold prices dropped for a third consecutive session on Monday, as the dollar firmed near six-month highs, while investors awaited more clarity on the U.S. interest rate ...Reuters
Mon, Nov 24
Freeport Indonesia targets 478,000 tons of copper cathode output in 2026
JAKARTA, Nov 24 (Reuters) - Freeport Indonesia plans to produce 478,000 metric tons of copper cathode and 26 tons of gold in 2026, lower than its initial plan due to an ongoing recovery process following a mud flow accident, chief executive Tony Wenas said on Monday.Copper and gold sales in 2025 are...Reuters
Mon, Nov 24
