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WTI rises as US funding bill fuels demand recovery optimism despite supply concerns
West Texas Intermediate (WTI) US Oil stabilizes around $60.75 on Tuesday at the time of writing, up 1.20% on the day, supported by hopes that the reopening of the US government will revive economic activity.
Fxstreet
Tue, Nov 11
Gulf Interconnection Authority plans $3.5 billion investment to become regional electricity export hub
By Ahmed HagagyNov 11 (Reuters) - The GCC Power Grid which links six Gulf states expects to invest more than $3.5 billion over the next 10 years to strengthen the grid, integrate renewable sources and open new export opportunities to neighbouring countries, the head of the grid's operator GCCIA ...Reuters
Tue, Nov 11
EXCLUSIVE-Shell challenges arbitration decision on Venture Global LNG supply contracts
By Francesca Landini and Stephanie Kelly LONDON, Nov 11 (Reuters) - Shell SHEL.L has challenged its defeat in an arbitration case against U.S. liquefied natural gas producer Venture Global in the New York Supreme Court, a legal filing seen by Reuters shows, weeks after rival BP BP.L won a similar...Reuters
Tue, Nov 11
PRECIOUS-Gold gains as traders bet delayed U.S. data will strengthen rate cut outlook
US Senate passes bill to end shutdownGold price highest since October 23Fed's Miran suggests 50 basis-point rate cut in DecemberBy Noel John and Pablo Sinha Nov 11 (Reuters) - Gold prices hit a near three-week high on Tuesday, bolstered by expectations that a potential end to the U.S. govern...Reuters
Tue, Nov 11
REFILE-TotalEnergies, QatarEnergy and Petronas sign exploration agreement in Guyana
GEORGETOWN, Nov 11 (Reuters) - Oil producers TotalEnergies TTEF.PA, QatarEnergy QATPE.UL and Petronas PETRA.UL have signed a 5-year agreement with Guyana's government to explore a shallow-water block, authorities and company executives said on Tuesday.The agreement follows a tender launched in 2...Reuters
Tue, Nov 11
MBRF sees price recovery as China lifts ban on Brazilian chicken
SAO PAULO, Nov 11 (Reuters) - Brazilian food producer MBRF MBRF3.SA believes that China's recent decision to resume purchases of Brazilian chicken meat represents an opportunity to reverse a decline in prices for fresh products, executives said on Tuesday. The decision should also enable exports...Reuters
Tue, Nov 11
US natgas futures rise on bets of fresh December cold, firm power demand
December contract Waha Hub prices remain in negative territory for sixth straight sessionGas demand at 118.6 bcfd this week versus 108.6 bcfd last week, LSEG saysBy Sherin Elizabeth VargheseNov 11 (Reuters) - U.S. natural gas futures rose on Tuesday, extending gains after hitting an eight-month high...Reuters
Tue, Nov 11
Bulgaria has one month of gasoline supplies as US sanctions loom, state reserve agency says
ATHENS, Nov 11 (Reuters) - Bulgaria has one month of gasoline supplies left as it braces for the start of U.S. sanctions on Russia's Lukoil, which owns the country's largest oil refinery and most storage and pipeline infrastructure, the chairman of the state reserves agency said on Tuesday.T...Reuters
Tue, Nov 11
CBOT Trends-Wheat down 1-3 cents, soy down 3-7, corn steady-down 2
CHICAGO, Nov 11 (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 Tuesday.NOTE: The U.S. Department of Agriculture (USDA) is due to release its November crop report on Friday, including its est...Reuters
Tue, Nov 11
China refiner Yanchang seeks non-Russian oil in tender, traders say
By Chen Aizhu and Florence Tan SINGAPORE, Nov 11 (Reuters) - Chinese refiner Yanchang Petroleum is seeking non-Russian oil in its latest crude tender, trade sources told Reuters on Tuesday, while others said Sinopec subsidiary Luoyang Petrochemical has shut for maintenance as an indirect result o...Reuters
Tue, Nov 11
RPT-ROI-Saudi crude oil price cut is just enough to stay competitive: Russell
Reuters Open Interest (ROI) is your essential source for global financial commentary. By Clyde Russell LAUNCESTON, Australia, Nov 11 (Reuters) - The decision by Saudi Aramco to cut the price of its crude oil for Asian refiners for December cargoes has been viewed as a move to build market share a...Reuters
Tue, Nov 11
RPT-BREAKINGVIEWS-Trump can delay but not stop global climate action
By Hugo Dixon NAXOS, GREECE, Nov 10 (Reuters Breakingviews) - Donald Trump will be a ghost at the annual United Nations climate conference that starts this week in Brazil. The U.S. president’s campaign in favour of fossil fuels and against global action to prevent climate change will store up tro...Reuters
Tue, Nov 11
RPT-ROI-Copper joins critical minerals list but the US has plenty already: Andy Home
By Andy Home LONDON, Nov 11 (Reuters) - Copper has been added to the U.S. government's list of critical minerals - the metals deemed vital to the country's economic and national security. Fortunately, the United States has already accumulated what is the world's second largest copper ...Reuters
Tue, Nov 11
Ukraine's military says it struck Russian oil refinery in Orsk
KYIV, Nov 11 (Reuters) - Ukraine's military said it struck a Russian oil refinery in the city of Orsk in Russia's Orenburg region ON tUESDAY. "Explosions and a fire have been observed on the premises. According to preliminary information, one of the primary oil processing units has been ...Reuters
Tue, Nov 11
PRECIOUS-Gold rallies on bets that delayed US data to boost rate cut prospects
US Senate passes bill to end shutdownGold price highest since October 23'FOMO' buying persists, analyst saysBy Anmol Choubey Nov 11 (Reuters) - Gold prices hit their highest levels in nearly three weeks on Tuesday, supported by expectations a potential U.S. government reopening could rest...Reuters
Tue, Nov 11
China's COFCO seals billion-dollar Brazilian soybean, palm oil deals
BEIJING, Nov 11 (Reuters) - State trader COFCO's oilseed unit said on Monday it has signed agreements to purchase Brazilian soybeans, soybean oil, palm oil and other agricultural products, with a total volume of nearly 20 million tons worth over $10 billion. The contracts with traders including ...Reuters
Tue, Nov 11
