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GRAINS-Soy futures slide as traders worry China may miss US buying target
By Tom Polansek CHICAGO, Nov 20 (Reuters) - U.S. soybean futures on Thursday extended a setback from a 17-month high reached this week, as confirmation of more Chinese purchases of American supplies failed to spark a new rally.The U.S. Department of Agriculture reported that China bought 462,000 ...Reuters
Thu, Nov 20
Goldman Sachs raises December 2025 copper forecast
Nov 20 (Reuters) - Goldman Sachs on Thursday raised its December 2025 copper price forecast to $10,610 per ton from $10,385, reflecting a fourth-quarter rally. The bank maintained its $10,000–$11,000 per ton price range for 2026–2027, citing expectations of a modest market surplus.But it projected t...Reuters
Thu, Nov 20
PRECIOUS-Gold falls as strong US jobs data dims prospects for December rate cut
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 fell on Thursday as investors digested the September U.S. jobs report, which showed ...Reuters
Thu, Nov 20
South Africa, EU sign critical minerals deal, vow to defend multilateralism
South Africa hosts G20 amid US boycott, seeks closer EU, China tiesEU aims to secure critical minerals, reduce reliance on ChinaSouth Africa, EU emphasise multilateralism, democracy, human rightsBy Tim Cocks Nov 20 (Reuters) - South Africa and the European Union vowed to defend multilateralism on...Reuters
Thu, Nov 20
METALS-Copper slips on Chinese demand fears and a strong dollar
By Eric Onstad LONDON, Nov 20 (Reuters) - Copper prices edged down on Thursday, pressured by a strong dollar and concern over soft demand in top metals consumer China.Benchmark three-month copper CMCU3 on the London Metal Exchange was down 0.4% at $10,715 a metric ton by 1715 GMT, having register...Reuters
Thu, Nov 20
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
