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PRECIOUS-Gold gains nearly 2% on optimism about US government reopening
US House due to vote later in the day on government shutdownADP report shows employers shed 11,250 jobs per week on averageTraders see a 63% chance of US interest rate cut in DecemberSilver rises over 4%By Noel John Nov 12 (Reuters) - Gold prices climbed nearly 2% on Wednesday as U.S. Treasur...Reuters
Wed, Nov 12
EIA raises US oil output forecast, says oversupply will weigh on prices
By Nicole Jao and Shariq KhanNEW YORK, Nov 12 (Reuters) - U.S. oil production is expected to set a larger record this year than previously forecast, even as global oil supply outpaces fuel demand, the Energy Information Administration said in its Short-Term Energy Outlook report on Wednesday.The Dep...Reuters
Wed, Nov 12
EU aluminium buyers scramble as Iceland outage hits, carbon tax looms
EU aluminium importers racing to buy suppliesEuropean aluminium duty-paid premium at $324 a tonGrundartangi smelter in Iceland By Tom Daly Nov 12 (Reuters) - European aluminium importers are racing to secure supplies of the metal following an outage at a key smelter in Iceland and before a new ...Reuters
Wed, Nov 12
Solvay seals two deals to supply rare earths to US magnet makers
Solvay agrees deals to supply rare earths to US magnet makersNoveon Magnetics and Permag to get rare earth oxides from SolvayUS, Europe aiming to cut dependence on China LONDON, Nov 12 (Reuters) - Chemicals group Solvay SOLB.BR has agreed two deals to supply rare earths to U.S. magnet makers as i...Reuters
Wed, Nov 12
OPEC shifts oil outlook to see small surplus in 2026
OPEC forecasts had pointed to a tighter market in 2026Demand forecasts left unchanged for 2025 and 2026IEA has predicted large 2026 surplusAgency to provide updated forecasts on ThursdayBy Alex Lawler LONDON, Nov 12 (Reuters) - The world oil market will see a small surplus in 2026 after OPEC+ pro...Reuters
Wed, Nov 12
Waymo launches robotaxi freeway service in San Francisco, LA, Phoenix
Nov 12 (Reuters) - Alphabet's GOOGL.O Waymo said on Wednesday it will begin offering robotaxi rides that use freeways across San Francisco, Los Angeles, and Phoenix, as it steps up expansion amid competition in the self-driving industry.Waymo, which already operates in parts of the San Francisco...Reuters
Wed, Nov 12
Sunnova Energy's Chapter 11 bankruptcy plan confirmed by US court
Nov 12 (Reuters) - Sunnova Energy NOVAQ.PK said on Wednesday a U.S. bankruptcy court has confirmed its Chapter 11 plan, after the sale of most of its assets to Solaris Assets. The company had filed for Chapter 11 bankruptcy protection in June, as the residential solar panel installer was pressured b...Reuters
Wed, Nov 12
SOFTS-Coffee prices fall sharply with US set to cut tariffs
LONDON, Nov 12 (Reuters) - Coffee prices fell sharply on Wednesday with the U.S. appearing set to cut import tariffs, potentially easing supply tightness in the world's top consuming country. COFFEE Arabica coffee KCc2 lost 4.1% to $3.8280 per lb by 1518 GMT. U...Reuters
Wed, Nov 12
US natural gas futures steady as market takes breather
December contract Gas demand at 119.2 bcfd this week versus 108.6 bcfd last week, LSEG saysLSEG forecast 252 HDDs over two weeks, up from 228, indicating stronger heating demandBy Sherin Elizabeth Varghese Nov 12 (Reuters) - U.S. natural gas futures were little changed on Wednesday, pausing after...Reuters
Wed, Nov 12
Olympics-Winter sports federations oppose summer sports inclusion in their Games
By Karolos GrohmannBERLIN, Nov 12 (Reuters) - The Winter Olympic sports federations (WOF) on Wednesday said they opposed any proposals to include summer sports in the Winter Games, as the International Olympic Committee considers how to keep the global multi-sports event attractive.The IOC in Septem...Reuters
Wed, Nov 12
PRECIOUS-Gold edges up as traders await US House vote to end federal shutdown
US House due to vote on Wednesday on government shutdownADP report shows employers shed 11,250 jobs per week on averageTraders see a 63% chance of US interest rate cut in DecemberBy Noel John Nov 12 (Reuters) - Gold prices ticked up on Wednesday, ahead of a U.S. House of Representatives vote to r...Reuters
Wed, Nov 12
CORRECTED-Russia and Kazakhstan agree to strengthen ties in oil, oil products after talks in Moscow
MOSCOW, Nov 12 (Reuters) - Russia and Kazakhstan have agreed to boost their partnership in the oil sector following talks between their respective presidents in the Kremlin on Wednesday.Russian President Vladimir Putin and Kazakh President Kassym-Jomart Tokayev concluded a two-day meeting in Moscow,...Reuters
Wed, Nov 12
Mexico's Vista to invest $4.5 billion in Argentina's Vaca Muerta shale formation in production boost
MEXICO CITY/BUENOS AIRES, Nov 12 (Reuters) - Mexican energy producer Vista VISTAA.MX is set to invest more than $4.5 billion in the vast Vaca Muerta shale formation in Argentina in a bid to boost production, the firm said on Wednesday.Vista expects its output to climb to more than 200,000 barrels of...Reuters
Wed, Nov 12
Russia, Kazakhstan agree to strengthen oil sector ties after Moscow talks
Kazakhstan relies heavily on Russia for energy exportsKremlin says the leaders discussed uninterrupted CPC operationsRussia exports oil to China via Kazakhstan MOSCOW, Nov 12 (Reuters) - Russia and Kazakhstan have agreed to boost their partnership in the oil sector following talks between their r...Reuters
Wed, Nov 12
Bulgaria's president vetoes law to seize Lukoil refinery amid US sanctions
Radev vetoes law, citing constitutional and financial risksParliament can override presidential veto in BulgariaSofia has sought sanctions exemption for Lukoil operationsEnergy minister says oil supplies are guaranteed for months SOFIA, Nov 12 (Reuters) - Bulgaria's President Rumen Radev on W...Reuters
Wed, Nov 12
Sanctions stymie Lukoil drilling plans in Romanian Black Sea
Vantage Drilling cancels drillship contract, citing sanctionsIndustry sources say contract was with Russia's LukoilTrident discovery could hold 30 billion cubic meters of gasBy Robert Harvey and Luiza Ilie LONDON/BUCHAREST, Nov 11 (Reuters) - Oslo-listed Vantage Drilling VDI.OL cancelled a co...Reuters
Wed, Nov 12
BREAKINGVIEWS-The US shutdown will last long after it’s over
By Gabriel Rubin WASHINGTON, Nov 12 (Reuters Breakingviews) - The U.S. government shutdown isn’t over when it’s over. During a now 43-day-long congressional deadlock over spending legislation, thousands of federal workers were forced to go without pay as bills piled up, depressing consumer spendi...Reuters
Wed, Nov 12
CBOT Trends-Wheat down 7-8 cents, corn steady-down 2, soybeans steady-down 3
CHICAGO, Nov 12 (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 Wednesday.NOTE: The U.S. Department of Agriculture is due to release its November crop supply and demand report on Friday. ...Reuters
Wed, Nov 12
