News
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FACTBOX-China adding 11 new oil reserve sites in 2025 and 2026
Oct 7 (Reuters) - China, the world's largest crude oil buyer, is adding eleven new oil reserve sites this year and next as Beijing accelerates stockpiling the strategic commodity to safeguard supply security, according to public sources reviewed by Reuters. Three of the 11 sites are inland, in n...Reuters
Tue, Oct 7
ANALYSIS-China accelerates oil reserve site build amid stockpiling drive
China building oil reserve sites at rapid pace - Reuters analysisEleven sites will add 169 mln bbls of storage in 2025/26 - analysisChina blurring line between commercial and strategic stockpiles Oct 7 (Reuters) - China is building oil reserve sites at a rapid clip as part of a campaign to boost ...Reuters
Tue, Oct 7
GRAINS-Soybeans slip as rapid planting in Brazil points to ample supply
CANBERRA, Oct 7 (Reuters) - Chicago soybean futures edged higher on Tuesday as traders weighed hopes that President Donald Trump can revive U.S. exports to China against expectations of plentiful supply underscored by rapid planting in Brazil. Corn and wheat futures were dragged lower by ample suppl...Reuters
Tue, Oct 7
METALS-Copper rises on supply woes, but firm dollar caps gains
Oct 7 (Reuters) - Copper prices rose on Tuesday on supply disruption concerns, although a stronger U.S. dollar kept gains in check.Three-month copper on the London Metal Exchange CMCU3 added 0.1% to $10,666 per metric ton at 0147 GMT.On Monday, the red metal hit its highest since May 2024 before eas...Reuters
Tue, Oct 7
Fire breaks out at chemical maker Dow's Texas plant
Oct 6 (Reuters) - A fire broke out at Dow's chemical Plant B in Freeport, Texas, on Monday, the company said in a Facebook post.The fire was contained within the facility block and all employees were accounted for, Dow said in an update.Reuters
Tue, Oct 7
Goldman hikes December 2026 gold price forecast to $4,900/oz
Oct 7 (Reuters) - Goldman Sachs raised on Monday its December 2026 gold price forecast to $4,900 per ounce from $4,300, citing strong Western exchange-traded fund (ETF) inflows and likely central bank buying."We see the risks to our upgraded gold price forecast as still skewed to the upside on n...Reuters
Tue, Oct 7
Goldman Sachs hikes December 2026 gold forecast to $4,900/oz
Oct 7 (Reuters) - Goldman Sachs on Monday raised its December 2026 gold price forecast to $4,900 per ounce from $4,300 per ounce, citing strong Western ETF inflows and likely central bank buying."We see the risks to our upgraded gold price forecast as still skewed to the upside on net, because p...Reuters
Tue, Oct 7
Oil steady as market chews over OPEC+ output hike, supply glut fear
By Anjana Anil Oct 7 (Reuters) - Oil prices were steady on Tuesday, with sentiment toward a smaller-than-anticipated OPEC+ output hike dulled by weakening global demand and the potential for a supply glut.Brent crude futures LCOc1 gained 1 cent, or 0.02%, to $65.48 a barrel by 0014 GMT. U.S. West...Reuters
Tue, Oct 7
CIF/FOB Gulf Grain-Soybean, corn barge basis bids steady, export premiums firm
CHICAGO, Oct 6 (Reuters) - Basis bids for corn and soybeans shipped by barge to U.S. Gulf Coast terminals were steady and export premiums firmed on Monday, as low water levels on stretches of the Ohio and Mississippi rivers kept barge prices higher, traders said.CIF Gulf soybean barges loaded in Oct...Reuters
Tue, Oct 7
GRAINS-Soybeans slip as rapid planting in Brazil points to ample supply
CANBERRA, Oct 7 (Reuters) - Chicago soybean futures edged lower on Tuesday as rapid planting in Brazil underscored expectations of plentiful supply and U.S. farmers continued to reap a harvest that companies in China, the biggest soy importer, aren't buying. Corn and wheat futures were also drag...Reuters
Tue, Oct 7
Gold Price Forecast: XAU/USD drifts higher above $3,950 on global uncertainty
Gold price (XAU/USD) extends its rally to around $3,970 during the early Asian session on Tuesday. The precious metal edges higher on political uncertainty across the globe and the expectation of a US interest rate cut.Fxstreet
Mon, Oct 6
U.S. Plains HRW Wheat-Basis flat as wheat planting continues
CHICAGO, Oct 6 (Reuters) - Basis bids for hard red winter wheat held steady on Monday at grain elevators across the southern U.S. Plains in quiet trade as producers in the region focused on planting the 2026 winter wheat crop and harvesting corn, soybeans and sorghum in between rain showers. Analyst...Reuters
Mon, Oct 6
Venture Global - For Quarter Ended September 30, Exports 100 Cargos Totaling 371.8 Tbtu - SEC Filing
Oct 6 (Reuters) - VENTURE GLOBAL INC - FOR QUARTER ENDED SEPTEMBER 30, EXPORTS 100 CARGOS TOTALING 371.8 TBTU - SEC FILINGVENTURE GLOBAL- IN Q3 EXPORTS 36 CARGOS FROM CALCASIEU PASS TOTALING 133.0 TBTU, REALIZING WEIGHTED AVERAGE FIXED LIQUEFACTION FEE OF $1.97/MMBTUVENTURE GLOBAL- IN Q3 EXPORTS 64 ...Reuters
Mon, Oct 6
Exxon expects up to $300 million boost to Q3 upstream earnings from oil prices
By Sumit Saha and Sheila Dang Oct 6 (Reuters) - Exxon Mobil XOM.N said on Monday changes in crude oil prices over the third quarter could impact the company's upstream earnings from negative $100 million to as much as a positive $300 million.The company also signaled in a regulatory filing th...Reuters
Mon, Oct 6
LIVESTOCK-Cattle firm as beef prices turn higher, supplies remain tight
By Karl Plume CHICAGO, Oct 6 (Reuters) - Chicago Mercantile Exchange cattle futures rose for a second straight session on Monday, supported by technical buying and as beef prices turned higher after a month-long decline, analysts said.Tight cattle supplies also continued to underpin the market as...Reuters
Mon, Oct 6
Gold set to become Australia's second-biggest resource earner
MELBOURNE, Oct 7 (Reuters) - Australia said on Tuesday it expected gold to become its second most valuable resource export after iron ore this financial year, dislodging liquefied natural gas, as concerns over geopolitical instability fuel demand for the safe-haven metal.Australia's gold exports...Reuters
Mon, Oct 6
