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WRAPUP 2-Shell profit above, TotalEnergies in line with expectations amid lower prices
Shell maintains $3.5 billion buyback pace, TotalEnergies scales backShell's gas and upstream divisions exceed expectationsTotalEnergies' downstream results rise 76% amid EU fuel import banBy Stephanie Kelly, Shadia Nasralla and America Hernandez LONDON/PARIS, Oct 30 (Reuters) - Shell SHEL...Reuters
Thu, Oct 30
Gold jumps as Fed cut offsets Powell’s hawkish tone
Gold price rallies over than 1.50% on Thursday after the Federal Reserve (Fed) reduced rates as expected despite Chair Jerome Powell’s hawkish comments at the press conference. Falling US Treasury yields and geopolitics boosted the yellow metal, which trades at $3,995 at the time of writing.
Fxstreet
Thu, Oct 30
Cheniere Energy reports rise in third-quarter profit on strong LNG demand
Shares up 1% in early afternoonCompany expects to export 50 million metric tons of LNG next yearCheniere expects lower global LNG prices beginning in 2026By Curtis Williams and Tanay DhumalOct 30 (Reuters) - Cheniere Energy LNG.N on Thursday reported a rise in third-quarter profit, citing strong dem...Reuters
Thu, Oct 30
PRECIOUS-Gold gains as Fed trims rates, investors assess U.S.-China trade deal
Trump says tariffs on China cut to 47% from 57%US Federal Reserve delivers 25-bp rate cutWells Fargo Investment Institute hikes 2026 year-end gold targetBy Noel John and Pablo Sinha Oct 30 (Reuters) - Gold prices rose 2% on Thursday, buoyed by a Federal Reserve interest rate cut as well as linge...Reuters
Thu, Oct 30
EU wheat eases as US-China trade excitement fades
PARIS, Oct 30 (Reuters) - Euronext wheat edged down on Thursday, moving further back from a two-month high at the start of the week, as traders reacted cautiously to agricultural commitments made in U.S.-Chinese trade talks and shifted their focus back to ample supply.December milling wheat BL2Z5, t...Reuters
Thu, Oct 30
FACTBOX-What did Trump, Xi agree to on tariffs, export controls and fentanyl?
By David Lawder WASHINGTON, Oct 30 (Reuters) - U.S. President Donald Trump and Chinese President Xi Jinping on Thursday took steps to de-escalate their trade war, swapping some U.S. tariff reductions and tighter export controls for a pause in Beijing's new restrictions on rare earth minerals ...Reuters
Thu, Oct 30
Europe Gasoline/Naphtha-Gasoline cracks dip
LONDON, Oct 30 (Reuters) - Northwest European gasoline profit margins dipped by about $1.91 a barrel to $16.44 on Thursday despite a fall in stockpiles. A total of 19,000 metric tons of Eurobob E5 gasoline barges were traded as Exxon and Glencore sold to Trafigura, Varo and TotalEnergies.Another 6,0...Reuters
Thu, Oct 30
BREAKINGVIEWS-Trump’s soy reprieve is late to the harvest
By Gabriel Rubin WASHINGTON, Oct 30 (Reuters Breakingviews) - Xi Jinping bought peace for a handful of beans. The trade war truce reached between the United States and China at a presidential meeting in South Korea rests, in part, on promises from the People’s Republic to resume purchases of Amer...Reuters
Thu, Oct 30
METALS-Copper skids on Fed caution, worries on Chinese demand
By Eric Onstad LONDON, Oct 30 (Reuters) - Copper prices retreated on Thursday from the previous day's record highs on cautious remarks by the Federal Reserve on U.S. interest rate cuts and concern about Chinese physical demand. Three-month copper on the London Metal Exchange CMCU3 slid 2.6% t...Reuters
Thu, Oct 30
Arkansas aims to become US lithium hub, overcoming Chinese competition, tech challenges
Arkansas vies to become US lithium hubState faces Chinese competition, low market pricesGovernor supports nascent DLE industryBy Ernest Scheyder LITTLE ROCK, Arkansas, Oct 30 (Reuters) - Arkansas faces stiff Chinese competition, sagging market prices and technological challenges as it vies to bec...Reuters
Thu, Oct 30
Exxon LNG decision on ice as Mozambique faces TotalEnergies request, source says
Exxon and Total's LNG projects in Mozambique share onshore facilitiesMozambique government has not given date when it will approve Total's project terms requestExxon has said it sees final investment decision on project in early 2026By Sheila Dang HOUSTON, Oct 30 (Reuters) - Exxon Mobil X...Reuters
Thu, Oct 30
HF Sinclair beats profit estimates, eyes US West Coast opportunities
Refining profit surges to $661 million from $110 million last year Midstream segment profits rise 2.7% amid increased electricity consumptionPlans to increase jet fuel supply to West Coast markets ongoing at Puget Sound RefineryBy Nicole Jao NEW YORK, Oct 30 (Reuters) - HF Sinclair DINO.N beat Wa...Reuters
Thu, Oct 30
GRAINS-US soy futures set 15-month high after China agrees to purchases
US farmers welcome trade deal after China shunned their cropsChina to buy millions of tons of American soy, US officials sayDeals fall short of recent US exports to China, data showBy Tom Polansek CHICAGO, Oct 30 (Reuters) - U.S. soybean futures reached a 15-month high on Thursday after Presi...Reuters
Thu, Oct 30
US closes $1.5 billion loan for coal-powered fertilizer plant
WASHINGTON, Oct 29 (Reuters) - The U.S. Energy Department said on Wednesday it closed a $1.5 billion loan to Wabash Valley Resources, LLC for an Indiana fertilizer plant that will now be powered by coal.The project will restart a coal gasification plant idled since 2016 and modify it to produce 500,...Reuters
Thu, Oct 30
Oil prices steady as investors assess US-China trade truce
Adds latest prices, changes dateline to New York from LondonTrump to reduce China tariffs after meeting with XiOPEC+ likely to add another 137,000 bpd of supply in DecemberFed rate cut boosts economic outlook, supportive of oil demandOversupply concerns persist with record US output, OPEC+ hikesBy S...Reuters
Thu, Oct 30
New York declares state of emergency to fund food banks as federal food aid set to lapse
By Leah Douglas WASHINGTON, Oct 30 (Reuters) - New York Governor Kathy Hochul on Thursday declared a state of emergency to issue $65 million for assistance to food banks as federal funding for the national food stamp program is set to lapse on November 1.Oregon and Virginia have also issued emerg...Reuters
Thu, Oct 30
CPV, Texas Energy Fund to Build $1.1 Bln Natural Gas Plant in Permian Basin
Oct 30 (Reuters) - COMPETITIVE POWER VENTURES: : COMPETITIVE POWER VENTURES: CPV BASIN RANCH AND TEXAS ENERGY FUND INK DEAL FOR 1,350 MW ERCOT PROJECTCPV GROUP: PROJECT TO IMMEDIATELY TRANSITION TO CONSTRUCTION WITH OPERATIONS EXPECTED TO START IN 2029CPV: CO & PUCT HAVE EXECUTED $1.1 BILLION LO...Reuters
Thu, Oct 30
Reuters Gulf Currents Newsletter – Big pivot for Saudi’s wealth fund
By Andrew MillsDeputy Bureau Chief, Gulf I’m writing Gulf Currents this week from an aircraft 20,000 feet above the Saudi desert, because, like most Reuters’ Gulf correspondents in recent weeks, I too am crisscrossing the Arabian Peninsula to break news on the region’s most important stories. ...Reuters
Thu, Oct 30
