News
Important Only
Investor interest drove Gold demand to record highs in the third quarter – Commerzbank
Although the price of Gold fell by almost USD 500 for a time from its record high on Monday October 20th, its reputation as a safe haven is unlikely to be tarnished in the long term. Ultimately, this merely offset the gains made in October.
Fxstreet
Fri, Oct 31
Pakistan Government: Bids Received For 23 Offshore Blocks For Petroleum Exploration
Oct 31 (Reuters) - PAKISTAN GOVERNMENT: BIDS RECEIVED FOR 23 OFFSHORE BLOCKS FOR PETROLEUM EXPLORATIONPAKISTAN GOVERNMENT: AWARDED OFFSHORE EXPLORATION BLOCKS TO OGDCL, PPL, MARIENERGIES, PRIME ENERGYPAKISTAN GOVERNMENT: TURKEY’S TPAO TAKES 25% STAKE, OPERATORSHIP IN PAKISTAN OFFSHORE BLOCK-CPAKISTA...Reuters
Fri, Oct 31
Ukraine hits 160 Russian oil, energy facilities so far this year, Kyiv says
KYIV, Oct 31 (Reuters) - Ukraine has successfully hit 160 Russian oil and energy facilities so far this year, the head of the SBU security service said on Friday. Vasyl Maliuk told reporters that the strikes would continue and were aimed at reducing Russia's ability to finance its war in Ukrai...Reuters
Fri, Oct 31
LyondellBasell profit tops forecasts as cost cuts, demand recovery boost outlook
Oct 31 (Reuters) - LyondellBasell Industries LYB.N said on Friday it is on track to achieve $1.1 billion in cost savings by 2026, as improving demand and a tight lid on costs helped the chemicals maker beat quarterly profit estimates and signal a steady recovery.The company's shares rose nearly ...Reuters
Fri, Oct 31
GLOBAL LNG-Asia spot price steady on ample stocks, tepid demand
By Emily ChowSINGAPORE, Oct 31 (Reuters) - Asian spot liquefied natural gas prices held steady this week, amid tepid demand and healthy inventories in the region.The average LNG price for December delivery into north-east Asia LNG-AS was $11.10 per million British thermal units (mmBtu), slightly dow...Reuters
Fri, Oct 31
China's Xi and Canada's Carney vow to advance relations
GYEONGJU, South Korea/BEIJING, Oct 31 (Reuters) - China's President Xi Jinping met with Canada's Prime Minister Mark Carney on Friday, with the leaders vowing to advance bilateral relations and Carney accepting Xi’s invitation to visit China. They held a summit on the sidelines of the Asia-P...Reuters
Fri, Oct 31
Reuters’ Poll: US crude oil to average $64.83 in 2025 vs $64.39 forecast in September
According to a poll from Reuters, Brent crude Oil is expected to average $67.99/barrel (bbl) in 2025, marginally above September’s estimate of $67.61/bbl. United States (US) crude oil is expected to average $64.83/bbl in 2025 against $64.39/bbl forecast in September.Fxstreet
Fri, Oct 31
POLL-Ample supply, subdued demand to curb oil prices despite geopolitical risks
Brent projected to average $67.99 per barrel in 2025WTI to average $64.83 per barrel in 2025For table of crude price forecasts, click By Sarah Qureshi Oct 31 (Reuters) - Analysts are holding their oil price forecasts largely unchanged as rising OPEC+ output targets and lacklustre demand offset ge...Reuters
Fri, Oct 31
US lawmaker asks Trump administration to help Malaysia crack down on chip smuggling
By Stephen Nellis WASHINGTON, Oct 31 (Reuters) - A U.S. Republican senator is asking U.S. President Donald Trump's administration to help the Malaysian government prevent U.S. artificial intelligence chips from being smuggled through the country to China, according to a letter seen by Reuters...Reuters
Fri, Oct 31
PRECIOUS-Gold falls as investors dial back rate cut bets, set for third monthly gain
Gold set for third monthly gainInvestors trim December rate cut bets from above 90% to 67%Trump reduces tariffs on China from 57% to 47%By Ishaan Arora Oct 31 (Reuters) - Gold retreated towards $4,000 an ounce on Friday as uncertainty over another U.S. rate cut in December helped keep the dollar ...Reuters
Fri, Oct 31
Exxon beats Q3 profit estimates on higher Guyana, Permian production
Exxon raises dividend by 4% to $1.03 per shareCompany on track to complete $20 billion share buyback this yearExxon incurs $510 million in restructuring costs in Q3By Sheila Dang HOUSTON, Oct 31 (Reuters) - Exxon Mobil XOM.N beat Wall Street estimates for third-quarter earnings on Friday, underpi...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
ANALYSIS-Trump's big nuclear reactor push raises safety concerns
Deal offers US government potential 20% stake in WestinghouseSafety advocates warn of risks due to financial incentivesExperts question workforce capacity for rapid reactor constructionBy Tim McLaughlin and Timothy Gardner Oct 31 (Reuters) - A huge nuclear deal announced by the Trump administrati...Reuters
Fri, Oct 31
US grocers brace for sales dip as food aid set to lapse
Shutdown threatens $8 billion revenue gap for grocersRetailers face inventory and staffing challengesTrade groups urge government action to fund SNAPSmithfield Foods factors SNAP delay into profit outlookBy Leah Douglas and Jessica DiNapoli WASHINGTON, Oct 31 (Reuters) - U.S. grocers and food com...Reuters
Fri, Oct 31
The great AI buildout shows no sign of slowing
AI reshapes industries, boosts productivity across sectorsNvidia surpasses $5 trillion market value, leading AI boomAI's reach extends beyond tech to power and industrial sectorsInvestors shift focus to infrastructure beyond core tech namesBy Akash Sriram Oct 31 (Reuters) - A momentous week i...Reuters
Fri, Oct 31
Newmont CEO says Ghana's fiscal stability key as $900 million gold mine opens
Newmont CEO warns of capital flight from unstable fiscal regimesGhana audits mining firms, plans legal reforms amid commodity boomAhafo North mine to produce up to 325,000 ounces annually, employ 1,000 workersBy Emmanuel Bruce ACCRA, Oct 31 (Reuters) - Fiscal stability and fair tax and royalty sy...Reuters
Fri, Oct 31
