News
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BW Energy Updates On Kudu Appraisal Well
Oct 31 (Reuters) - BW Energy Ltd BWE.OL:BW ENERGY: UPDATE ON KUDU APPRAISAL WELLKHARAS-1 APPRAISAL WELL, WHICH HAS REACHED TOTAL DEPTH AND DRILLED MULTIPLE FORMATIONS PRESENT ACROSS KUDU LICENSEEARLY ANALYSIS INDICATES THAT K1 INTERVAL MAY CONTAIN HYDROCARBONS WETTER THAN DRY GASA FOLLOW-UP APPRAISA...Reuters
Fri, Oct 31
Angola to sign exclusive oil exploration agreement with Shell, government says
CAPE TOWN, Oct 31 (Reuters) - Angola's national oil and gas agency, ANPG, will sign an exclusive negotiation agreement with oil major Shell SHEL.L to explore and develop Blocks 19, 34, 35 as well as ultra-deep water blocks, it said in a statement late on Thursday.The signing ceremony will take p...Reuters
Fri, Oct 31
RPT-ROI-LME copper hits record highs as funds and fundamentals align: Andy Home
By Andy Home LONDON, Oct 30 (Reuters) - Copper's just made the headlines again with the London Metal Exchange price CMCU3 punching out an all-time nominal high of $11,200 per metric ton on Wednesday. Macro and micro drivers have both turned price-positive and fund managers have jumped back in...Reuters
Fri, Oct 31
TABLE-North Sea gas maintenance schedule: Revises Rough Storage Facility outage
Oct 31 (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.OPERATORLOCATIONOUTAG...Reuters
Fri, Oct 31
Mozambique says it may dispute TotalEnergies proposals on LNG project
Oct 31 (Reuters) - Mozambique's government may have counter-arguments to the updated budget and schedule proposed by TotalEnergies TTEF.PA for the liquefied natural gas (LNG) project it is leading in the Southern African country, President Daniel Chapo said.The French oil major told Mozambique&#...Reuters
Fri, Oct 31
PRECIOUS-Gold slips as Fed rate caution boosts dollar, but set for 3rd monthly rise
Traders reduce expectations for 25bp cut in DecemberBullion has gained 3.9% so far this monthPalladium up more than 1%By Brijesh Patel Oct 31 (Reuters) - Gold prices fell on Friday, as the dollar firmed on uncertainty over further Federal Reserve rate cuts, although bullion was still on track for...Reuters
Fri, Oct 31
Japanese utilities can find replacement for Sakhalin-2 if LNG supplies interrupted, executives say
U.S. has called on Japan, others to end Russian energy importsJapan, world's No.2 LNG buyer, has been so far resisting calls citing energy security, electricity costSakhalin-2 buyers JERA, Tohoku Elec say can find alternative supplies By Yuka Obayashi and Katya Golubkova TOKYO, Oct 31 (Reuter...Reuters
Fri, Oct 31
Sumitomo Corp CEO - No Plans For Additional Funding In Ambatovy Project, As Operations Are Proceeding Smoothly
Oct 31 (Reuters) - Sumitomo Corp 8053.T CEO:POLITICAL INSTABILITY IN MADAGASCAR HAS NO IMPACT ON OPERATION OF AMBATOVY NICKEL PROJECTWILL ACTIVELY SEEK INVESTMENT OPPORTUNITIES IN THE UNITED STATESNO PLANS FOR ADDITIONAL FUNDING IN AMBATOVY PROJECT, AS OPERATIONS ARE PROCEEDING SMOOTHLYReuters
Fri, Oct 31
Mozambique may have counter-arguments to new budget and schedule for TotalEnergies LNG project
Oct 31 (Reuters) - Mozambique's government may have counter-arguments to the updated budget and schedule proposed by TotalEnergies TTEF.PA for the liquefied natural gas (LNG) project it is leading in the Southern African country, President Daniel Chapo said.Reuters
Fri, Oct 31
TECHNICALS-CBOT soybeans may retrace into $10.84-$10.95 range
For more technical analyses, please click SINGAPORE, Oct 31 (Reuters) - The CBOT soybean January contract SF26 may retrace into a range of $10.84 to $10.95 per bushel again.The rise from $10.18-1/2 looks too sharp to sustain. It is supposed to be accompanied by a correction. Even though a bullish we...Reuters
Fri, Oct 31
Heavy rains in New York kill two, disrupt flights
Oct 30 (Reuters) - Heavy rains lashed New York on Thursday, killing two people in the city, Mayor Eric Adams said, while accompanying storms disrupted flights and weather authorities warned of floods in some areas. Media have reported incidents of flooding and damage while officials at the city'...Reuters
Fri, Oct 31
Hurricane Melissa leaves 49 dead in Caribbean, churns north
At least 30 confirmed dead in Haiti, 19 in JamaicaForecaster estimates up to $52 billion in damagesMelissa was among strongest-ever storms at landfallHurricane passing to the west of BermudaBy Zahra Burton, Steven Aristil and Dave SherwoodPORT-AU-PRINCE/KINGSTON/HAVANA, Oct 30 (Reuters) - Hurricane ...Reuters
Fri, Oct 31
Indian Oil buys Russian crude from non-sanctioned entities, sources say
By Nidhi Verma and Siyi Liu NEW DELHI/SINGAPORE, Oct 31 (Reuters) - Indian Oil Corp IOC.NS, the country's top refiner, has bought five cargoes of Russian oil for December arrival from non-sanctioned entities, traders said, resuming purchases despite pressure from Washington on India to stop b...Reuters
Fri, Oct 31
Silver Price Forecast: XAG/USD trades firmly near $49.00 ahead of speeches from Fed speakers
Silver price (XAG/USD) holds onto gains near Thursday’s high around $49.00 during the Asian trading session on Friday. The white metal trades firmly even as traders have trimmed bets supporting another interest rate cut by the Federal Reserve (Fed) this year.
Fxstreet
Fri, Oct 31
PRECIOUS-Gold slips as Fed rate caution boosts dollar, set for 3rd monthly rise
Traders reduce expectations for 25bp cut in DecemberBullion has gained 3.9% so far this monthSPDR Gold Trust holdings rose 0.42% on ThursdayBy Brijesh Patel Oct 31 (Reuters) - Gold prices fell on Friday, as the dollar firmed on uncertainty over further Federal Reserve rate cuts, although bullion ...Reuters
Fri, Oct 31
METALS-Copper set for monthly gain on global supply concerns
Oct 31 (Reuters) - London copper prices rose on Friday after a dip in the previous session and were set for a third straight monthly gain on global supply concerns.Three-month copper on the London Metal Exchange CMCU3 increased 0.46% to $10,967.5 per metric ton by 0225 GMT, having risen 6.75% so far...Reuters
Fri, Oct 31
Jera Executive - We Are Closely Monitoring Developments Regarding Sakhalin-2 LNG As Nearly 10% Of Our Imported LNG Comes From The Russian Project
Oct 31 (Reuters) - Tokyo Electric Power Company Holdings Inc 9501.T:JERA EXECUTIVE: WE ARE CLOSELY MONITORING DEVELOPMENTS REGARDING SAKHALIN-2 LNG AS NEARLY 10% OF OUR IMPORTED LNG COMES FROM THE RUSSIAN PROJECTJERA EXECUTIVE: NO PLANS NOW TO BOOK NEGATIVE ACCOUNTING IMPACT OF OFFSHORE WIND POWER ...Reuters
Fri, Oct 31
China says low-carbon goods becoming new driving force in trade
BEIJING, Oct 31 (Reuters) - The profile of China's exports is accelerating its shift towards green development, with low-carbon products becoming a new driving force in trade, Vice Commerce Minister Li Chenggang said on Friday. The export growth of wind turbines and components exceeded 30% in th...Reuters
Fri, Oct 31
PRESS DIGEST-British Business - October 31
Oct 31 (Reuters) - The following are the top stories on the business pages of British newspapers. Reuters has not verified these stories and does not vouch for their accuracy. The Times - Telecoms company Virgin Media O2, seals deal with Elon Musk's satellite company to tackle cove...Reuters
Fri, Oct 31
