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India's Reliance stops importing Russian crude for refinery operations
NEW DELHI, Nov 20 (Reuters) - India's Reliance Industries RELI.NS has stopped importing Russian crude oil into its refining complex at Jamnagar in western Gujarat state, effective November 20, its spokesperson said on Thursday.The Indian conglomerate, which has a long-term deal to buy nearly 500...Reuters
Thu, Nov 20
Fire extinguished at Venezuelan oil upgrader, operations halted, sources say
CARACAS, Nov 20 (Reuters) - A large fire was extinguished on Thursday at a Venezuelan crude upgrader operated by state-run company PDVSA, but operations remain halted while workers begin inspections, three sources with knowledge of the incident said.The fire, which erupted on Wednesday afternoon, ca...Reuters
Thu, Nov 20
SOFTS-Robusta coffee rallies as dealers eye Vietnam floods; cocoa recovers
LONDON, Nov 20 (Reuters) - Robusta coffee futures on the ICE exchange rallied on Thursday as dealers noted harvest delays in top producer Vietnam and tried to gauge the damage from a new round of floods in the country's coffee-growing region.Cocoa recovered from Wednesday's plunge, meanwhile...Reuters
Thu, Nov 20
Exxon lifts force majeure on LNG project in Mozambique
By Sheila Dang HOUSTON, Nov 20 (Reuters) - Exxon Mobil XOM.N said on Thursday it has lifted force majeure on a large liquefied natural gas project in Mozambique called Rovuma LNG.The company paused work after French oil major TotalEnergies also declared force majeure on its separate LNG project i...Reuters
Thu, Nov 20
India's Reliance stops importing Russian crude for refinery operations
NEW DELHI, Nov 20 (Reuters) - India's Reliance RELI.NS has stopped importing Russian crude oil into its refining complex at Jamnagar in western Gujarat state, effective November 20, its spokesperson said on Thursday.Reliance had earlier said that the refiner will abide by Western sanctions again...Reuters
Thu, Nov 20
Another fire ignites at Ford aluminum supplier Novelis
By Nora Eckert Nov 20 (Reuters) - Another fire ignited on Thursday at Novelis' aluminum plant in Oswego, New York, that supplies Ford's F.N lucrative F-150 truck line, about two months after a blaze halted much of the facility's production. Ford in October cut its profit forecast, cit...Reuters
Thu, Nov 20
ARA gasoil stocks fall by 5%, Insights Global data shows
LONDON, Nov 20 (Reuters) - Gasoil stocks held independently in the Amsterdam-Rotterdam-Antwerp (ARA) refining and storage hub fell by nearly 5% on the week, data from Dutch consultancy Insights Global showed.Gasoil stocks, which include diesel, dropped to 2.18 million metric tons, Insights Global...Reuters
Thu, Nov 20
China signs agreement to revamp TAZARA railway in Zambia
By Chris Mfula LUSAKA, Nov 20 (Reuters) - China signed a $1.4 billion agreement with Zambia and Tanzania on Thursday to modernise the TAZARA railway linking landlocked Zambia to the Indian Ocean.The railway, financed by China in the 1970s to facilitate copper exports and fuel imports through Tanz...Reuters
Thu, Nov 20
Suncor Reports Flaring At Sarnia, Canada Refinery
Nov 20 (Reuters) - Suncor Energy Inc SU.TO: SAYS DUE TO INTERRUPTION IN SERVICE FROM THIRD-PARTY PROVIDER, SUNCOR SARNIA, CANADA REFINERY IS EXPERIENCING INCREASED FLARING SOURCE: COMMUNITY ALERTREFINERY CAPACITY: 85,000 BARRELS PER DAYReuters
Thu, Nov 20
Copper giant Codelco signs partnership with Japan's NTT DATA for AI and robotics
SANTIAGO, Nov 20 (Reuters) - Chile's state-run Codelco, the world's largest copper producer, and Japanese technology firm NTT DATA have signed a memorandum of understanding in Tokyo, Codelco said on Thursday. The partnership will focus on using artificial intelligence, robotics and quantum c...Reuters
Thu, Nov 20
WTI Price Forecast: Momentum stabilizes but upside remains limited
West Texas Intermediate (WTI) Crude steadies on Thursday after falling more than 2% on the previous day, as market sentiment turns cautious ahead of the US sanction deadline on two major Russian oil firms. At the time of writing, WTI is trading around $59.70, up nearly 0.70% on the day.
Fxstreet
Thu, Nov 20
PRECIOUS-Gold steady as traders assess delayed US jobs data for cues on Fed rates path
US September nonfarm payrolls up 119,000UBS raises 2026 mid-year gold target price by $300 to $4,500/ozMany Fed policymakers at last meeting opposed December rate cutBy Pablo Sinha Nov 20 (Reuters) - Gold prices held steady on Thursday, as investors digested a delayed U.S. jobs report that showe...Reuters
Thu, Nov 20
Saudi Arabia, Stellantis exploring local vehicle manufacturing
By Tala Ramadan DUBAI, Nov 20 (Reuters) - Saudi Arabia is exploring with global car maker Stellantis STLAM.MI and Saudi auto products and services conglomerate Petromin Corporation, setting up vehicle manufacturing in the Gulf country, it said on Thursday.Saudi Arabia's Ministry of Investment...Reuters
Thu, Nov 20
CBOT Trends-Wheat and soybeans up 4-6 cents, corn up 1-2 cents
CHICAGO, Nov 20 (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 Thursday.NOTE: Friday is the last trading day for CBOT December grain and soy options.WHEAT - Up 4 to 6 cents per bushel Wheat ...Reuters
Thu, Nov 20
US natural gas futures dip 2% on near-record output ahead of storage report
Record US gas output allows for increased stockpilingEnergy firms likely pulled gas from storage for first time this winterLNG export flows near-record levels, boosting demandColder weather forecast increases gas demand expectationsBy Scott DiSavino Nov 20 (Reuters) - U.S. natural gas futures sli...Reuters
Thu, Nov 20
Exxon to acquire 40% stake in Enterprise Bahia NGL pipeline
Nov 20 (Reuters) - Enterprise Products Partners EPD.N said on Thursday that Exxon Mobil XOM.N will buy a 40% stake in its Bahia natural gas liquids pipeline and help expand the system to handle growing Permian Basin volumes.Exxon will reimburse about $650 million for its share of the project costs t...Reuters
Thu, Nov 20
Capital Clean Energy Carriers Corp. Announces The Sale Of A Neo-Panamax 13,312 Teu Container Vessel
Capital Clean Energy Carriers Corp N1M.F:CAPITAL CLEAN ENERGY CARRIERS CORP. ANNOUNCES THE SALE OF A NEO-PANAMAX 13,312 TEU CONTAINER VESSELCAPITAL CLEAN ENERGY CARRIERS CORP - EXPECTED BOOK GAIN FROM SALE ESTIMATED AT $4.4 MILLIONCAPITAL CLEAN ENERGY CARRIERS CORP - CASH PROCEEDS TO PAY DOWN DEBT E...Reuters
Thu, Nov 20
PRESS DIGEST-Canada - Nov 20
Nov 20 (Reuters) - The following are the top stories from selected Canadian newspapers. Reuters has not verified these stories and does not vouch for their accuracy.THE GLOBE AND MAILNutrien NTR.TO, the world's largest potash fertilizer producer, said on Wednesday it is hoping to build a new exp...Reuters
Thu, Nov 20
