News
Important Only
US will not send officials to COP30 climate talks, White House says
By Valerie Volcovici WASHINGTON, Oct 31 (Reuters) - The U.S. will not send any high-level officials to the upcoming COP30 climate summit in Brazil, a White House official told Reuters, alleviating some concern among world leaders that Washington would send a team to scupper the talks.Brazil will ...Reuters
Fri, Oct 31
EU wheat rises to add to monthly gain
PARIS, Oct 31 (Reuters) - European wheat futures edged higher on Friday, recovering from a three-day fall with support from a weaker euro and firmer prices in Chicago.December milling wheat BL2Z5, the most active position on Euronext's Paris-based futures, was up 0.9% at 193.00 euros ($225.08) a...Reuters
Fri, Oct 31
Canada's Imperial Oil beats profit estimates on record output, strong refining
Imperial Oil plans workforce cut, relocation by 2028CEO Whelan emphasizes tech adaptation, global operationsRecord production at Kearl boosts quarterly outputUpstream production up 3.4% to 462,000 gross boepdAdjusted profit $2.17 per share vs estimated C$1.92By Amanda Stephenson, Pooja Menon and Kh...Reuters
Fri, Oct 31
US oil and gas production hit fresh record high in August, EIA data shows
NEW YORK, Oct 31 (Reuters) - U.S. oil and gas production rose to record highs in August, data from the Energy Information Administration released on Friday showed, despite concerns that the market is heading towards a surplus.Record U.S. oil production has been one of the main causes for a slump in ...Reuters
Fri, Oct 31
PRECIOUS-Gold slips 1% on rate cut uncertainty, set for third monthly rise
Gold set for third monthly gainInvestors trim December rate cut bets from above 90% to 63%Trump reduces tariffs on China to 47% from 57%By Noel John Oct 31 (Reuters) - Gold prices fell by 1% on Friday, weighed by uncertainty around another U.S. Federal Reserve interest rate cut this year, but the...Reuters
Fri, Oct 31
US drillers cut oil and gas rigs for first time in three weeks, says Baker Hughes
NEW YORK, Oct 31 (Reuters) - U.S. energy firms this week cut the number of oil and natural gas rigs operating for the first time in three weeks, energy services firm Baker Hughes BKR.O said in its closely followed report on Friday.Reuters
Fri, Oct 31
US oil and gas production hit fresh record high in August, EIA data shows
NEW YORK, Oct 31 (Reuters) - U.S. oil and gas production rose to record highs in August, data from the Energy Information Administration showed on Friday, shrugging off concerns that the market is heading towards a surplus.U.S. crude oil output rose 86,000 barrels per day to a record 13.8 million bp...Reuters
Fri, Oct 31
Chevron tops Q3 earnings estimates with record production after Hess deal
Hess acquisition helps boost Chevron's quarterly profitCash flow grows 20% year-on-year on rise in output'High confidence' free cash flow will keep growing, CFO saysUpstream earnings decline 28% due to lower oil pricesDownstream profit jumps 91%By Sheila Dang HOUSTON, Oct 31 (Reuters)...Reuters
Fri, Oct 31
Bulgaria restricts fuel exports to EU following Lukoil sanctions
Oct 31 (Reuters) - Bulgaria's parliament temporarily banned on Friday exports of some fuels, mainly diesel and aviation fuel, to EU member states to ensure the stability of the local market following U.S. sanctions on Russia's Lukoil, which runs the country's biggest oil refinery.Last we...Reuters
Fri, Oct 31
Exxon looks to lift force majeure at LNG project in Mozambique
Exxon considers lifting force majeure as security improves TotalEnergies lifted force majeure on nearby project last weekMozambique could become top 10 global gas producer by 2040, Deloitte reportsBy Sheila Dang and Arunima Kumar HOUSTON, Oct 31 (Reuters) - Exxon Mobil XOM.N is looking at lifting...Reuters
Fri, Oct 31
Imperial Oil Sees High Downstream Utilization Numbers For Rest Of Q4
Oct 31 (Reuters) - Imperial Oil Ltd IMO.TO:IMPERIAL OIL SAYS WILL RESTRUCTURE CORPORATE WORKFORCE "ABOVE FIELD", REDUCING EMPLOYEE ROLES BY END-2027 & AGAIN IN H2 2028 - CONF CALLIMPERIAL OIL SAYS IT WILL FURTHER CONSOLIDATE ACTIVITIES AT ITS OPERATING SITES, PRIMARILY STRATHCONA REFINER...Reuters
Fri, Oct 31
US Cash Grains-Soybean, corn basis steady-higher
CHICAGO, Oct 31 (Reuters) - Basis bids for soybeans and corn were steady to higher in the U.S. Midwest on Friday as farmers sold off some crops, though futures took a tumble.Soy basis bids rose at an Iowa river terminal and were steady elsewhere.Corn basis bids were higher at two river terminals.Chi...Reuters
Fri, Oct 31
PRECIOUS-Gold steady as traders assess further rate cuts, set for third monthly rise
Gold set for third monthly gainInvestors trim December rate cut bets from above 90% to 65%Trump reduces tariffs on China to 47% from 57%By Noel John and Pablo Sinha Oct 31 (Reuters) - Gold prices held steady above $4,000 an ounce on Friday as traders weighed uncertainty around another interest r...Reuters
Fri, Oct 31
LME fines Mizuho 265,000 pounds for rules breach
LONDON, Oct 31 (Reuters) - The London Metal Exchange said on Friday it had fined a unit of Japanese financial group Mizuho 265,000 pounds ($356,000) for a breach of rules following an investigation into alleged misconduct. Mizuho Securities USA, a Category 2 LME member, failed to report the over-the...Reuters
Fri, Oct 31
Canada's Carney agrees to visit China after meeting Xi
Xi and Carney discuss trade issues, including agriculture and electric vehiclesCarney accepts Xi's invitation to visit ChinaLast formal meeting between China and Canada leaders was in 2017 GYEONGJU, South Korea/BEIJING, Oct 31 (Reuters) - Canada's Prime Minister Mark Carney agreed to visi...Reuters
Fri, Oct 31
Lots of room for win-win on energy trade with China, US energy secretary says
TORONTO, Oct 31 (Reuters) - U.S. Energy Secretary Chris Wright said on Friday that there is lots of room for a "win-win" on energy trade between China and the United States.U.S. President Donald Trump and China President Xi Jinping secured a fragile trade truce in South Korea on Thursday, wi...Reuters
Fri, Oct 31
LME fines Mizuho Securities USA 265,000 pounds for rules breach
LONDON, Oct 31 (Reuters) - The London Metal Exchange said on Friday it had fined Mizuho Securities USA 265,000 pounds ($356,000) for a breach of rules following an investigation into alleged misconduct by the LME Category 2 member. The breach related to a requirement for members to report informatio...Reuters
Fri, Oct 31
US says it raised issue of wildfires with Canadian government
TORONTO, Oct 31 (Reuters) - U.S. Environmental Protection Agency Administrator Lee Zeldin told reporters on Friday he has raised the issue of wildfires with Canada's government, saying it has become a crucial cross-border matter alongside fentanyl.Canada has experienced severe wildfires in recen...Reuters
Fri, Oct 31
