News
Important Only
Greece signs first long term LNG supply deal with US
ATHENS, Nov 7 (Reuters) - Greece has signed a deal to import 0.7 billion cubic metres of liquefied natural gas per year starting in 2030 from the United States, officials said on Friday. The supply will come from a joint venture including U.S.-based Venture GlobalVG.N, which is building an export fa...Reuters
Fri, Nov 7
Sakhalin-1 crucial for Japan energy security, METI says, as US sanctions Russian shareholder
By Katya Golubkova TOKYO, Nov 7 (Reuters) - Japan's industry ministry said Friday that foreign projects, including Russia's Sakhalin-1, remain critical to the country's energy security, following new U.S. sanctions on Rosneft ROSN.MM, a key shareholder alongside Japanese partners....Reuters
Fri, Nov 7
PRECIOUS-Gold rises on US rate-cut hopes, government shutdown woes
US private jobs data indicates weak labour marketGold firms above $4,000 per ouncePlatinum, palladium head for weekly fallBy Brijesh Patel Nov 7 (Reuters) - Gold rose on Friday as expectations for further interest rate cuts from the Federal Reserve and lingering concerns over the U.S. economi...Reuters
Fri, Nov 7
Bolivia's new president Rodrigo Paz faces empty reserves and fractured congress
Paz takes office November 8 amid economic turmoilBolivia's fragmented legislature could be challengingEmerging alliances may aid Paz's reform agendaMultilateral lenders express support for new administration LA PAZ, Nov 7 (Reuters) - Bolivia's President-elect Rodrigo Paz will be sworn...Reuters
Fri, Nov 7
EU must protect car industry from Chinese rivals, commissioner says
EU should set out new rules to safeguard production, Sejourne saysUrges less bureaucracy for EU carmakersEU to review 2035 zero-emission vehicles goal by end-2025 ROME, Nov 7 (Reuters) - The European Union needs to defend its car industry from Chinese competition, including a reassessment of its ...Reuters
Fri, Nov 7
World food prices fall for second consecutive month in October, UN's FAO says
FAO Food Price Index 126.4 in October vs 128.5 in SeptemberIndex down slightly y/y, and 21.1% below March 2022 peakSugar index lowest since December 2020, meat prices also easeLONDON, Nov 7 (Reuters) - World food commodity prices fell for a second consecutive month in October, driven largely by ampl...Reuters
Fri, Nov 7
Freeport Indonesia says investigation concluded on Grasberg incident
JAKARTA, Nov 7 (Reuters) - Freeport Indonesia said on Friday that an investigation into a mud flow that killed workers at its Grasberg copper and gold mine has ended and the company has received improvement recommendations from the government.Seven workers were killed when around 800,000 metric tons...Reuters
Fri, Nov 7
Morgan Stanley Sees Global LNG Supply Growing By 18 MT YoY Over This Winter
Nov 7 (Reuters) - MORGAN STANLEY:SAYS IT SEES GLOBAL LNG SUPPLY GROWING BY 18 MT YOY OVER THIS WINTERSAYS IT BRINGS DOWN LATER-2026 TTF FORECASTS, AS NEW PROJECTS STARTING SUCCESSFULLY IN 1H 26 WILL BE THE CATALYST FOR TTF TO FALL BELOW €30/MWH BY 2H 26SAYS ITS SUPPLY GROWTH ESTIMATE INCLUDES 1 MT O...Reuters
Fri, Nov 7
India's Hindalco beats quarterly profit estimates on higher commodity prices
Nov 7 (Reuters) - India's Hindalco Industries HALC.NS beat quarterly profit estimates on Friday as firmer commodity prices helped offset tariff-related pressure at its U.S. unit Novelis. The Aditya Birla Group-owned firm, one of India's biggest aluminium and copper producers, posted a 2...Reuters
Fri, Nov 7
Freeport-McMoRan: operations at Big Gossan, DMLZ mines in Indonesia have restarted
JAKARTA, Nov 7 (Reuters) - Mining giant Freeport-McMoRan Inc said its Freeport Indonesia unit restarted operations at its Big Gossan and Deep Mill Level Zone mines in late October following a deadly mud-flow incident at the Grasberg complex, according to an SEC filing.The two mines were not affected...Reuters
Fri, Nov 7
World food prices fall for second consecutive month in October, UN's FAO says
LONDON, Nov 7 (Reuters) - World food commodity prices fell for a second consecutive month in October, driven largely by ample global supplies, the United Nations' Food and Agriculture Organization (FAO) said on Friday.The FAO Food Price Index, which tracks a basket of globally traded food commod...Reuters
Fri, Nov 7
RPT-Western sanctions force Russians to turn to domestic wines
Russian wine sales surge to 60% of market sharePrices of imported wines up by about 30-40%Western countries have imposed more than 25,000 sanctions on RussiaANAPA, Russia, Nov 7 (Reuters) - Once dominated by French Burgundy and Italian Barolo wines, Russia's supermarket shelves are now stocked w...Reuters
Fri, Nov 7
Foreign projects including Sakhalin-1 crucial for Japan's energy security, METI says
TOKYO, Nov 7 (Reuters) - Foreign projects including Russia's Sakhalin-1 are crucial for Japan's energy security, Japan's industry ministry said in response to U.S. sanctions on Rosneft ROSN.MM, a key shareholder in the oil project that also includes Japanese companies. Energy projects ab...Reuters
Fri, Nov 7
Hungary to buy US nuclear fuel and technology to store spent fuel, foreign minister says
BUDAPEST, Nov 7 (Reuters) - Hungary will sign an agreement on nuclear power cooperation with the United States, including a deal to buy American nuclear fuel and U.S. technology to store spent fuel at a Russian-built nuclear power plant, Hungary's Foreign Minister said on Friday.The deal will be...Reuters
Fri, Nov 7
CORRECTED-India's Hindalco quarterly profit beats estimates on higher commodity prices
Nov 7 (Reuters) - India's Hindalco Industries HALC.NS beats quarterly profit estimates on Friday, as stronger domestic realisations on higher commodity prices helped.The Aditya Birla Group-owned firm, one of India's biggest aluminium and copper producers, posted a 21.3% rise in consolidated ...Reuters
Fri, Nov 7
China's forex reserves rise unexpectedly in October
BEIJING, Nov 7 (Reuters) - China's foreign exchange reserves unexpectedly rose in October, official data showed on Friday, as the dollar rebounded against other major currencies. The country's foreign exchange reserves, the world's largest, increased by $4.7 billion last month to $3.343 ...Reuters
Fri, Nov 7
China's central bank buys gold for 12th straight month
BEIJING, Nov 7 (Reuters) - China's gold holdings increased to 74.09 million fine troy ounces at the end of October from 74.06 million in the previous month, as the central bank extended a bullion buying spree to the 12th consecutive month.China's gold reserves were valued at $297.21 billion ...Reuters
Fri, Nov 7
EXCLUSIVE-China starts work on easing rare earth export rules but short of Trump hopes, sources say
New export permits would be valid for a year, sources sayNew licenses may not be available for some sectors like defenceNo sign yet restrictions introduced in April will be removed Nov 7 (Reuters) - China has begun designing a new rare earth licensing regime that could speed up shipments, but it ...Reuters
Fri, Nov 7
IAG Says Outlook For Full Year Is Unchanged
Nov 7 (Reuters) - International Consolidated Airlines Group SA ICAG.L:INTL CON AIRLINE GRP - IAG 3RD QUARTER RESULTSIAG - ON TRACK TO DELIVER ANOTHER YEAR OF STRONG EARNINGS AND MARGIN GROWTH IN 2025IAG: ON TRACK FOR ANOTHER YEAR OF GROWING REVENUE, PROFIT AND SHAREHOLDER RETURNSIAG - OUR OUTLOOK F...Reuters
Fri, Nov 7
TABLE-North Sea gas maintenance schedule: adds Stublach outage
Nov 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
Fri, Nov 7
