News
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Japan's Inpex lifts annual profit forecast on lower costs
By Yuka Obayashi TOKYO, Nov 13 (Reuters) - Japan's biggest oil and gas explorer Inpex 1605.T raised its forecast for annual net profit by 5% on Thursday, as lower-than-expected costs offset reduced shipment from its key Ichthys liquefied natural gas project in Australia due to maintenance.The...Reuters
Thu, Nov 13
PRECIOUS-Gold hits more than 3-week high on US debt concerns, Fed rate cut expectations
Trump signs deal to end US government shutdownPhysical demand for silver and gold remains robust, trader saysSilver nears all-time peak hit on October 17By Anmol Choubey Nov 13 (Reuters) - Gold prices rose on Thursday to a more than three-week high on expectations the U.S. government reopening wo...Reuters
Thu, Nov 13
Bulgarian parliament overturns presidential veto on Lukoil refinery takeover
SOFIA, Nov 13 (Reuters) - The Bulgarian parliament on Thursday overruled a presidential veto on legislation allowing the government to take control of Lukoil's oil refinery and sell it to shield the asset from looming U.S. sanctions.The U.S. Treasury's Office of Foreign Assets Control (OFAC)...Reuters
Thu, Nov 13
Turkey: too early to say what caused deadly military plane crash
ANKARA, Nov 13 (Reuters) - Turkey's defence ministry said on Thursday it was too early to say what caused the crash this week of a military cargo plane in Georgia in which 20 soldiers died, and inspections continue. The C-130 cargo aircraft had left Azerbaijan for Turkey and crashed on Tuesday i...Reuters
Thu, Nov 13
Turkey: too early to say what caused deadly plane crash
ANKARA, Nov 13 (Reuters) - Turkey's defence ministry said on Thursday it was too early to say what caused the crash this week of a military cargo plane in Georgia in which 20 soldiers died, and inspections continue. The C-130 cargo aircraft had left Azerbaijan for Turkey and crashed on Tuesday, ...Reuters
Thu, Nov 13
Russia's oil and fuel export revenues continued to slide in October, IEA says
Russian oil revenues fell to $13.1 billion in OctoberOil and fuel exports dropped by 150,000 bpd to 7.4 million bpdOil output steady at 9.28 mln bpd, slightly below OPEC+ targetUS set November 21 deadline to wind down deals with Rosneft, Lukoil MOSCOW, Nov 13 (Reuters) - Russia's revenues fro...Reuters
Thu, Nov 13
IEA sees global oil supply growth driving larger market glut
LONDON, Nov 13 (Reuters) - The International Energy Agency lifted its global oil supply growth forecasts for this year and next in its latest monthly oil market report on Thursday, implying an even deeper surplus in the oil market heading into 2026.Reuters
Thu, Nov 13
Singapore fuel oil stockpiles rise to nine-week high
SINGAPORE, Nov 13 (Reuters) - Onshore fuel oil stockpiles in major oil storage hub Singapore rose 6% from the previous week to a nine-week high in the week to November 12, data showed on Thursday.Inventories of residual fuels STKRS-SIN were at 25.95 million barrels (about 4.09 million metric tons), ...Reuters
Thu, Nov 13
Aluminium continues to rally on supply concerns – ING
Aluminium continues to rally this week on the LME with prices trading above $2,900/t this morning. Aluminium has gained more than 13% this year. It is the third-strongest performer on the LME after Copper and tin this year, ING's commodity experts Ewa Manthey and Warren Patterson note.Fxstreet
Thu, Nov 13
Spain's Moeve profit soars as refining offsets weak chemicals
Nov 13 (Reuters) - Spain's second-largest oil refiner Moeve, formerly known as Cepsa, reported a steep 89% rise in quarterly net income on Thursday as stronger refining margins and cash generation helped offset weakness in its chemicals and upstream units.Its net income jumped to 148 million eur...Reuters
Thu, Nov 13
Oil declines on rising supply glut fears – ING
NYMEX WTI continues to edge lower in the early trading session today after falling by more than 4% to settle around $58.5/bbl yesterday. The decline was largely driven by OPEC’s revised surplus expectations for the global Oil market, along with a bearish inventory report from the API.Fxstreet
Thu, Nov 13
PRECIOUS-Gold hits more than 3-week high on US debt concerns, Fed rate cut expectations
Trump signs deal to end US government shutdownPhysical demand for silver and gold remains robust, trader saysSilver nears all-time peak hit on October 17By Anmol Choubey Nov 13 (Reuters) - Gold prices rose on Thursday, hitting a more than three-week high, on expectations that the U.S. government ...Reuters
Thu, Nov 13
Inpex Executive Will Consult With Japanese Government And Other Partners On Investment In Russia's Sakhalin-1 Oil Project And Responses To U.S. Sanctions Against Rosneft
Nov 13 (Reuters) - Inpex Corp 1605.T:INPEX EXECUTIVE: INPEX SAYS ICHTHYS LNG PROJECT IN AUSTRALIA RESUMED PRODUCTION ON TRAIN 1 AT END-SEPTEMBER AFTER MAINTENANCE SHUTDOWN, AND ON TRAIN 2 IN EARLY NOVEMBERINPEX EXECUTIVE: NO DECISIONS HAVE BEEN MADE AT THIS TIME REGARDING INVOLVEMENT IN ALASKA LNG P...Reuters
Thu, Nov 13
METALS-Shanghai copper extends gains on US government reopening cheer
SHANGHAI, Nov 13 (Reuters) - Shanghai copper rose on Thursday as investors welcomed the end of the U.S. government shutdown, easing market uncertainty, though gains were capped by expectations of weak Chinese bank lending ahead of key economic data releases.The most-traded copper contract on Shangha...Reuters
Thu, Nov 13
Silver Price Forecast: XAG/USD remains near 54.00 due to improved market sentiment
Silver price (XAG/USD) continues its winning streak for the fifth successive session, nearing the all-time high of $54.86, which was recorded on October 16, and is currently trading around $54.00 per troy ounce during the early European hours on Thursday.
Fxstreet
Thu, Nov 13
Crude oil price today: WTI price bullish at European opening
West Texas Intermediate (WTI) Oil price advances on Thursday, early in the European session. WTI trades at $58.46 per barrel, up from Wednesday’s close at $58.43.Brent Oil Exchange Rate (Brent crude) is also up, advancing from the $62.52 price posted on Wednesday, and trading at $62.54.Fxstreet
Thu, Nov 13
Can Peru reboot its Amazon oil? Pollution fallout and local opposition loom
Indigenous groups oppose oil extraction due to pollution concernsPetroperu plans to revive Amazon oil output amid financial strugglesONP pipeline faces resistance due to history of leaksBy Alexander Villegas SANTA ROSA, Peru, Nov 13 (Reuters) - Near a remote bend of the Patoyacu River in Peru'...Reuters
Thu, Nov 13
ROI-Confident Chevron brushes off oversupply and energy transition fears: Bousso
Chevron makes modest spending cuts of $1 bln per yearUS company plans to grow production by 2% to 3% per yearIt's also investing heavily in exploration, a long-term activityBy Ron Bousso LONDON, Nov 13 (Reuters) - When warnings abound about an imminent collapse in oil prices, one would not ex...Reuters
Thu, Nov 13
TECHNICALS-CBOT soybeans may test resistance at $11.44
For more technical analyses, please click SINGAPORE, Nov 13 (Reuters) - The CBOT soybean January contract SF26 is expected to test resistance at $11.44 per bushel, a break above which could lead to a gain into $11.49 to $11.52-1/2 range.A projection analysis reveals that the market has cleared resis...Reuters
Thu, Nov 13
