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Gold Price Forecast: Bulls remain capped below $4,045 resistance
Gold (XAU/USD) has bounced from last week's lows below the $3,900 level, yet bulls remain unable to confirm above a previous support area around $4,045 (October 24 low), which leaves price action fluctuating without a clear bias around the $4,000 level on Monday,, with investors awaiting US manufact
Fxstreet
Mon, Nov 3
TotalEnergies CEO says electricity is best hedge against oil and gas volatility
Total aims for power to reach 20% of sales mix by 2030CEO says gas more expensive, oil demand growth slowingAI, Data boom requires more powerRenewables expansion allows for growth in gas salesBy America Hernandez and Yousef Saba ABU DHABI/PARIS, Nov 3 - TotalEnergies' TTEF.PA increasing inves...Reuters
Mon, Nov 3
PRESS DIGEST-Canada - November 3
Nov 3 (Reuters) - The following are the top stories from Canadian newspaper Globe and Mail. Reuters has not verified these stories and does not vouch for their accuracy.THE GLOBE AND MAIL- U.S. Treasury Secretary Scott Bessent has refused to rule out new tariffs on Canadian imports, escalating trade...Reuters
Mon, Nov 3
GRAINS-Soybeans touch 15-month high, wheat firm on Chinese demand hopes
Chicago soybeans hit highest since July 2024Hopes for Chinese demand after last week's Trump-Xi meetingChina also reportedly seeking U.S. wheatBy Naveen Thukral and Michael Hogan SINGAPORE/HAMBURG, Nov 3 (Reuters) - Chicago soybeans rose to 15-month highs on Monday on expectations China will ...Reuters
Mon, Nov 3
US government shutdown worsens financial woes for court-appointed defense lawyers
Shutdown impacts 12,000 US private lawyers for indigent defendantsCourts' ability to provide representation amid funding shortfall in question Sole practitioners face financial strain, may stop taking casesBy Nate Raymond Nov 3 (Reuters) - As the U.S. government shutdown disrupts paychecks ...Reuters
Mon, Nov 3
RPT-ROI-Big Oil gets big boost from escalating economic war on Russia: Bousso
Oil majors’ refining earnings rise sharply in Q3Russian fuel exports drop after months of attacks on its refineriesUS, European sanctions offer further boost to oil majorsBy Ron Bousso LONDON, Nov 3 (Reuters) - Top Western oil companies are enjoying a windfall from the expanding attacks on Russia...Reuters
Mon, Nov 3
LNG output from QatarEnergy's North Field expansion to start in second half 2026, CEO says
By Maha El Dahan ABU DHABI, Nov 3 (Reuters) - The CEO of QatarEnergy, one of the world's biggest liquefied natural gas producers, told Reuters on Monday that the company's massive North Field expansion project will produce its first LNG in the second half of 2026.The state-owned company s...Reuters
Mon, Nov 3
OPEC’s Al Ghais says oil demand outlook remains positive, no market surprises expected
ABU DHABI, Nov 3 (Reuters) - OPEC Secretary-General Haitham Al Ghais said on Monday that the group was still seeing positive signs for oil demand and did not expect any surprises in the market."We are making sure we maintain the supply demand balance", Ghais added at a panel at ADIPEC energy...Reuters
Mon, Nov 3
BP CEO expects non-OPEC+ oil supply growth to end by April
ABU DHABI, Nov 3 (Reuters) - Oil supply growth from countries outside of OPEC+ will end by April next year, BP's BP.L CEO said on Monday. BP CEO Murray Auchincloss added that he sees a long-term case for investment in oil and the industry has to expand in places such as Abu Dhabi, Iraq and Libya...Reuters
Mon, Nov 3
Spot Gold faces pressure on China VAT move – ING
Spot Gold comes under renewed pressure as China ends the VAT rebate for gold sales, raising costs for both investors and consumers, ING's commodity experts Ewa Manthey and Warren Patterson note, ING's commodity experts Ewa Manthey and Warren Patterson note.Fxstreet
Mon, Nov 3
Morgan Stanley lifts first-half 2026 Brent forecast to $60 due to Russia sanctions
Nov 3 (Reuters) - Morgan Stanley on Monday raised its Brent crude forecast for the first half of 2026 to $60 a barrel from $57.5, citing stronger demand for Brent-linked crudes following new U.S. and EU sanctions on Russian oil assets.The bank said the oil market surplus is expected to peak around t...Reuters
Mon, Nov 3
China seeks to buy US wheat for the first time in a year, Bloomberg News reports
Nov 3 (Reuters) - China is seeking to buy U.S. wheat for the first time in a year, Bloomberg News reported on Monday, days after the U.S. released details about the agreement that President Donald Trump reached with Chinese President Xi Jinping to de-escalate their countries' trade war.Reuters c...Reuters
Mon, Nov 3
Oil: OPEC+ signals a pause to supply increases – ING
As widely expected, OPEC+ announced another Oil supply increase of 137k b/d for December. However, the more interesting takeaway from the meeting was the group's decision to pause supply increases through the first quarter of next year, ING's commodity experts Ewa Manthey and Warren Patterson note.Fxstreet
Mon, Nov 3
QatarEnergy LNG output from North Field expansion to start in second half, says CEO
ABU DHABI, Nov 3 (Reuters) - QatarEnergy CEO Saad al-Kaabi told Reuters on Monday that the state-owned company's massive North Field expansion project will produce its first liquefied natural gas in the second half of 2026. The North Field expansion project is expected to produce 126 million met...Reuters
Mon, Nov 3
PRECIOUS-Gold gains on US interest rate expectations
US ADP employment data due on WednesdayDollar holds near three-month peakPlatinum up more than 2%By Brijesh Patel Nov 3 (Reuters) - Gold prices rose on Monday, helped by expectations of further U.S. interest rate cuts after comments from the U.S. Federal Reserve Board's Christopher Waller, th...Reuters
Mon, Nov 3
BP to sell stakes in US onshore pipeline assets for $1.5 billion
Nov 3 (Reuters) - BP BP.L has agreed to sell minority stakes in some of its U.S. onshore pipeline assets in the Permian and Eagle Ford basins to investment firm Sixth Street for $1.5 billion, it said on Monday.The sale is part of a $20 billion divestment programme aimed at bringing debt levels down ...Reuters
Mon, Nov 3
EXCLUSIVE-Activist Palliser dials up heat on Rio Tinto to mount bid for Teck, letter shows
Palliser says deal would diversify Rio beyond iron oreProposes unification of dual listing, spin-off of base metals businessRio says proposal to unify listing already rejected by shareholdersBy Clara Denina LONDON, Nov 3 (Reuters) - Activist fund Palliser Capital has intensified pressure on Rio T...Reuters
Mon, Nov 3
Ukraine's military says it hit oil refinery in Russia's Saratov region
KYIV, Nov 3 (Reuters) - Ukraine's military said on Monday it hit an oil refinery in Russia's Saratov region overnight, adding that a successful strike and resulting fire had been recorded on one of the refining facilities.The military also said it had hit Russian military logistical faciliti...Reuters
Mon, Nov 3
EXCLUSIVE-ExxonMobil warns EU law could force exit from Europe
ExxonMobil CEO warns EU law could force exit from EuropeEU law demands climate plan aligned with Paris Agreement, Woods saysQatar threatens again to halt LNG supply to Europe over sustainability lawBy Maha El Dahan ABU DHABI, Nov 3 (Reuters) - U.S. energy giant ExxonMobil will not be ab...Reuters
Mon, Nov 3
