News
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Europeans ditching alcohol for taste and health reasons, research firm says
Circana finds 71% of European drinkers are buying or consuming less alcoholReasons include health, taste and lifestyleCircana cites fundamental shift; but drivers of sales declines debatedSoft drinks benefit as preferences shift By Emma Rumney Oct 7 - Younger Europeans are drinking less alcohol b...Reuters
Tue, Oct 7
Saudi leaves official selling prices unchanged for Asian buyers – ING
ICE Brent and NYMEX WTI continued their upward rally in the early trading session today amid persistent risks to Russian Oil supplies and a moderate output hike by OPEC+, ING's commodity experts Ewa Manthey and Warren Patterson note.
Fxstreet
Tue, Oct 7
CORRECTED-IEA trims renewables outlook as US policy shifts and China auction reforms weigh
By Forrest CrellinPARIS, Oct 7 (Reuters) - The International Energy Agency on Tuesday cut its global forecast for renewable power growth by 2030 by 248 gigawatts from last year's outlook, citing weaker prospects in the United States and China, even as solar power continues to drive record additi...Reuters
Tue, Oct 7
Oil price fall turns up the heat on Big Oil's bloated payouts
Current payouts unsustainable with oil below $80 a barrelCrude oil prices expected to continue fallingCompanies under pressure to cut debtReduced buybacks and job cuts announcedBy America Hernandez and Stephanie Kelly PARIS/LONDON, Oct 7 - The five biggest global oil majors are moving to cut cost...Reuters
Tue, Oct 7
METALS-Copper rises as supply woes offset pressure from stronger dollar
By Brijesh Patel Oct 7 (Reuters) - Copper prices rose on Tuesday on concerns over supply from top producer Chile and major supplier Indonesia, although a stronger U.S. dollar kept the gains in check.Three-month copper on the London Metal Exchange CMCU3 rose 0.3% to $10,679.50 per metric ton by 07...Reuters
Tue, Oct 7
Sumitomo Metal forecasts global nickel market to stay in surplus in 2026
By Yuka Obayashi TOKYO, Oct 7 (Reuters) - The global nickel market is expected to remain in surplus next year for a third consecutive year due to Indonesia's continued output growth, Japan's top nickel smelter Sumitomo Metal Mining (SMM) 5713.T said on Tuesday. The surplus is projected at...Reuters
Tue, Oct 7
TABLE-North Sea gas maintenance schedule: Revises Karsto outage
Oct 7 (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.OPERATORLOCATIONOUTAGE...Reuters
Tue, Oct 7
PRECIOUS-Gold hits all-time high on safe-haven demand, Fed rate cut bets
Gold scales all-time high of $3,977.19/oz93% chance of Fed rate cut in Oct - CME FedWatch toolFed's Schmid says By Ishaan Arora Oct 7 (Reuters) - Gold hit a record high on Tuesday as there were no signs of a reprieve from an impasse between the two houses of the U.S. Congress that has led to ...Reuters
Tue, Oct 7
Netherlands to cull 71,000 chickens after bird flu detection
AMSTERDAM, Oct 7 (Reuters) - The Netherlands will cull around 71,000 chickens at a poultry farm in the northern part of the country following the detection of bird flu, the government said in a statement on Tuesday. This marks the first outbreak of bird flu in the Netherlands since March of this yea...Reuters
Tue, Oct 7
Crude Oil price today: WTI price bullish at European opening
West Texas Intermediate (WTI) Oil price advances on Tuesday, early in the European session. WTI trades at $61.67 per barrel, up from Monday’s close at $61.51.Brent Oil Exchange Rate (Brent crude) is also up, advancing from the $65.37 price posted on Monday, and trading at $65.56.Fxstreet
Tue, Oct 7
Poland - Factors to Watch October 7
WARSAW, Oct 7 (Reuters) - The following are significant news stories, press reports and events on Tuesday. ALL TIMES GMT (Poland: GMT + 2 hours):INTEREST RATESThe Polish Monetary Policy Council's two-day interest rate meeting begins on Tuesday. Most analysts polled by Reuters expect interest rat...Reuters
Tue, Oct 7
BREAKINGVIEWS-How climate and innovation are changing insurance: podcast
By Peter Thal Larsen LONDON, Oct 7 (Reuters Breakingviews) - Follow on Apple or Spotify. Listen on the Reuters app. Read the episode transcript. Listen to the podcast Costly natural disasters are more prevalent, while technology allows insurers to pinpoint risks more precisely. In...Reuters
Tue, Oct 7
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
