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WTI slumps below $59.50 amid signs Novorossiysk port is reopening
West Texas Intermediate (WTI), the US crude oil benchmark, is trading around $59.35 during the Asian trading hours on Monday. The WTI attracts some sellers following signs that activity had resumed at the key Russian port of Novorossiysk on the Black Sea.
Fxstreet
Mon, Nov 17
CORRECTED-BPCL buys 3.7 million barrels crude from West Africa, US and Mideast, sources say
SINGAPORE/NEW DELHI, Nov 14 (Reuters) - India's Bharat Petroleum Corp BPCL.NS has bought about 3.7 million barrels crude oil from West Africa, United States and the Middle East via spot purchases this week to replace oil from Russia, trade sources said. The refiner bought one million barrels of ...Reuters
Mon, Nov 17
ConocoPhillips says it finds gas offshore Australia
By Helen Clark PERTH, Nov 17 (Reuters) - Oil giant ConocoPhillips COP.N said on Monday it had struck gas off the coast of southeastern Australia after beginning its maiden exploration drilling on November 1. Wireline logs indicated gas columns across two targets off the coast of Victoria state. W...Reuters
Mon, Nov 17
GRAINS-Soybeans drop to one-week low, corn falls on US crop outlook
SINGAPORE, Nov 17 (Reuters) - Chicago soybeans touched a more than one-week low on Monday, while corn fell for a second session as a forecast of bumper U.S. production and a slower pace of Chinese buying added pressure on prices. Wheat fell in early Asian trade.FUNDAMENTALSThe most-active soybean co...Reuters
Mon, Nov 17
PRECIOUS-Gold firms as investors focus on US data for more Fed cues
Nov 17 (Reuters) - Gold prices inched higher on Monday as investors waited for a series of U.S. economic data this week that could shed more light on the Federal Reserve's interest rate path.FUNDAMENTALSSpot gold XAU= was up 0.3% at $4,091.89 per ounce, as of 0114 GMT. U.S. gold futures GCcv1 fo...Reuters
Mon, Nov 17
Oil falls after loadings resume at key Russian export hub
By Yuka Obayashi TOKYO, Nov 17 (Reuters) - Oil prices fell in early Asian trade on Monday, erasing last week's gains, as loadings resumed at the key Russian export hub of Novorossiysk after a two-day suspension at the Black Sea port that had been hit by a Ukrainian attack.Brent crude LCOc1 fu...Reuters
Mon, Nov 17
RPT-Trump tariff rollback offers relief for Indian farmers
Trump dropped tariffs on 200-plus food itemsIndian exporters had been hit harder than EU rivals among othersCoffee, spices and tea among exempt productsGains could be limited, analysts sayBy Manoj Kumar and Mayank Bhardwaj NEW DELHI, Nov 16 (Reuters) - Indian agricultural exporters are among the ...Reuters
Mon, Nov 17
Russia's Novorossiysk port resumes oil loadings, sources say and LSEG data shows
MOSCOW, Nov 16 (Reuters) - Russia's Novorossiysk port resumed oil loadings on Sunday after a two-day suspension triggered by a Ukrainian missile and drone attack, two industry sources said and LSEG data showed.Novorossiysk temporarily suspended oil exports - equivalent to 2.2 million barrels per...Reuters
Mon, Nov 17
TECHNICALS-Commodities intraday targets/key levels
For more technical analyses, click SINGAPORE, Nov 17 (Reuters) - Contract Target Support/Resistance Brent oil (1st month)$63.30/$62.83res $64.35/$64.71/$65.29Palm oil (3rd month)4,145/4,171/4,213 ringgitsup 4,102/4,076/4,034 ringgitWTI(1st month)$59.07/$58.59res $59.63/$60.54/$61.28Spot ...Reuters
Mon, Nov 17
Trump says Republicans drafting bill to sanction countries that trade with Russia
WASHINGTON, Nov 16 (Reuters) - President Donald Trump said on Sunday that Republicans are working on legislation that will impose sanctions on any country doing business with Russia, and he said Iran may get added to that list."As you know, I suggested it, so any country that does business with ...Reuters
Mon, Nov 17
Gold Price Forecast: XAU/USD recovers above $4,100, hawkish Fed might cap gains
Gold price (XAU/USD) recovers some lost ground to near $4,105, snapping the two-day losing streak during the early European session on Friday. The precious metal edges higher on the softer US Dollar (USD). Traders will take more cues from the Fedspeak later on Monday.
Fxstreet
Sun, Nov 16
RPT-EXCLUSIVE-Barrick Mining considers splitting into two entities, sources say
Barrick considers splitting into Africa- and North America-focused entitiesPotential sale of African assets and the Reko Diq mine discussedInvestors seek value as Barrick underperforms peers in record gold rallyBy Divya Rajagopal TORONTO, Nov 14 - The board of Canada's Barrick Mining ABX.TO h...Reuters
Sun, Nov 16
NZ welcomes lifting of US tariffs on $1.25 billion in exports
WELLINGTON, Nov 17 (Reuters) - New Zealand late on Sunday welcomed the United States' announcement that it would remove additional tariffs on a range of New Zealand agricultural products, including beef, offal and kiwi fruit, but said it would like to see all the additional U.S. tariffs on New Z...Reuters
Sun, Nov 16
Kuwait invites bids for new 0.5-GW solar project in latest tender
Nov 16 (Reuters) - Kuwait has opened the bidding for a new 0.5-gigawatt solar project, aimed at expanding clean power generation in the Gulf state, by inviting pre-qualified consortia to submit proposals. Kuwait's second such tender this year covers the Al Dibdibah Power and Al Shagaya Renewable...Reuters
Sun, Nov 16
Top German minister departs for China seeking dialogue on trade tensions
By Maria Martinez BERLIN, Nov 16 (Reuters) - Dialogue with China is key to find solutions for pressing problems like supply chain uncertainty and Chinese overcapacity, German Finance Minister and Vice Chancellor Lars Klingbeil said on Sunday ahead of his trip to the country.His visit comes as Ger...Reuters
Sun, Nov 16
EXCLUSIVE-Russia's Novorossiysk port resumes oil loadings after Ukrainian attack
Novorossiysk resumes loadings after two-day suspensionUkraine struck Novorossiysk in missile and drone attackSuezmax and Aframax-class tankers loading MOSCOW, Nov 16 (Reuters) - Russia's Novorossiysk port resumed oil loadings on Sunday after a two-day suspension triggered by a Ukrainian missi...Reuters
Sun, Nov 16
Ukraine secures US LNG imports from Greece to cover winter needs
Greece will supply US LNG from December to March 2026Deal signed during Zelenskiy visit to AthensZelenskiy says Ukraine needs gas imports after Russian strikesBy Angeliki Koutantou and Dan Peleschuk ATHENS/KYIV, Nov 16 (Reuters) - Ukraine has secured imports of U.S liquefied natural gas (LNG) fro...Reuters
Sun, Nov 16
Airbus says Middle East regional aircraft to more than double by 2044
DUBAI, Nov 16 (Reuters) - Airbus expects the Middle East's regional aircraft fleet to more than double to 3,700 planes by 2044, an official said on Sunday.The European planemaker expects passenger traffic in the Middle East to grow at a compound annual rate of 4.4% over the next two decades, Air...Reuters
Sun, Nov 16
EXCLUSIVE-Russia's Novorossiysk port resumes oil loadings after Ukrainian attack
Novorossiysk resumes loadings after two-day suspensionUkraine struck Novorossiysk in missile and drone attackSuezmax and Aframax-class tankers loading MOSCOW, Nov 16 (Reuters) - Russia's Novorossiysk port resumed oil loadings on Sunday after a two-day suspension triggered by a Ukrainian missi...Reuters
Sun, Nov 16
Russia's Novorossiysk port resumes oil loadings, sources say and LSEG data shows
MOSCOW, Nov 16 (Reuters) - Russia's Novorossiysk port resumed oil loadings on Sunday after a two-day suspension, two industry sources said and LSEG data showed.According to LSEG data, two tankers — the Suezmax class Arlan and Aframax class Rodos — are currently loading oil at the port’s berths.R...Reuters
Sun, Nov 16
