News
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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
Lots of room for win-win on US 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 helpd face to face talks this week in South Korea, with agre...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 that 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 ...Reuters
Fri, Oct 31
Exxonmobil Says It Will Corporate Plan Update On Dec. 9
Oct 31 (Reuters) - Exxon Mobil Corp XOM.N:EXXONMOBIL SAYS IT WILL PROVIDE A CORPORATE PLAN UPDATE ON DECEMBER 9EXXON CEO DARREN WOODS SAYS MARKET IN LOW CARBON VENTURES IS NOT DEVELOPING AS FAST AS THE COMPANY HAD PLANNED FOR AND IT WILL PACE SPENDING ACCORDINGLYEXXON CEO SAYS COMPANY IS LOOKING AT ...Reuters
Fri, Oct 31
Silver holds steady near $49 amid US fiscal uncertainty, trade truce
Silver (XAG/USD) trades little changed on Friday, hovering around $49 per ounce as investors digest the cautious message from the US Federal Reserve (Fed) and the recent diplomatic progress between the United States (US) and China.
Fxstreet
Fri, Oct 31
FACTBOX-Morgan Stanley forecasts gold prices to reach $4,500/Oz by mid-2026
Oct 31 (Reuters) - Morgan Stanley said on Friday that gold prices had potential to climb to $4,500 per ounce by mid-2026, citing strong physical demand by exchange-traded funds and central banks as the economic outlook remains uncertain. "Recent price action took gold well into 'overbought&#...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
U.S. coal exports declined 11% in 1H2025 due to reduced exports to China, EIA says
Oct 31 (Reuters) - U.S. ENERGY INFORMATION ADMINISTRATION:SAYS DATA RELEASED BY THE U.S. CENSUS BUREAU IN SEPTEMBER SHOWS US EXPORTED 46.8 MILLION SHORT TONS (MMST) OF COAL IN THE FIRST HALF OF 2025 (1H25), 11% DECLINE FROM 1H24SAYS STEAM COAL EXPORTS TOTALED 22.5 MMST, A 10% DECLINE FROM 1H24, META...Reuters
Fri, Oct 31
OPEC+ likely to agree small oil output increase for December, sources say
Group likely to agree to 137,000 bpd hike, sources sayNew sanctions make it difficult for Russia to raise outputOPEC+ has slowed pace of increases amid glut predictionsEight OPEC+ countries to meet online on SundayBy Olesya Astakhova, Ahmad Ghaddar and Alex Lawler LONDON/MOSCOW, Oct 31 (Reuters) ...Reuters
Fri, Oct 31
US natgas prices jump 4% to 6-month high as record LNG export flows boost demand
Near-record LNG export flows boost demandLower 48 states see drop in gas outputOil-to-gas ratio hits lowest since Dec 2022Gas storage levels about 4% above normal, easing supply concernsBy Scott DiSavinoOct 31 (Reuters) - U.S. natural gas futures jumped about 4% to a six-month high on Friday on near...Reuters
Fri, Oct 31
CBOT Trends-Wheat down 5-6 cents, corn down 2-3, soy down 4-5
CHICAGO, Oct 31 (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. CDT (1330 GMT) on Friday.NOTE: The U.S. government remains shut down, suspending many government reports. WHEAT - Down 5 to 6 cents...Reuters
Fri, Oct 31
Pakistan awards first offshore oil exploration blocks for decades
First offshore bidding round since 2007 draws 23 block awardsFour local-led consortiums win exploration rightsTurkish national oil company TPAO among foreign partnersPossible $750 million–$1 billion investment if drilling proceedsBy Ariba ShahidKARACHI, Oct 31 (Reuters) - Pakistan said it has awarde...Reuters
Fri, Oct 31
