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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
Gulf South Pipeline Co invites firm commitments for Texas Gateway Project
Oct 30 (Reuters) - Gulf South Pipeline Company LLC, a subsidiary of Boardwalk Pipelines LP, announced on Thursday a binding open season for the Texas Gateway Project, inviting firm commitments to reserve capacity at its planned new network. The Texas Gateway Project aims to connect Gulf South's...Reuters
Thu, Oct 30
ARA gasoline stocks fall around 8%, Insights Global data shows
LONDON, Oct 30 (Reuters) - Gasoline stocks independently held in the Amsterdam-Rotterdam-Antwerp (ARA) refining and storage hub fell by 7.8% on the week, data from Dutch consultancy Insights Global showed on Thursday.Gasoline stocks fell to 957,000 metric tons on higher exports to West Africa and th...Reuters
Thu, Oct 30
Xcel Energy ramps up capital plan on robust power demand
Ramps up five-year capital plan to $60 billionInitiates 2026 adjusted profit forecast to be between $4.04 to $4.16 per shareMisses Q3 estimates on higher interest charges, O&M expensesBy Pooja Menon Oct 30 (Reuters) - U.S. utility Xcel Energy XEL.O ramped up its capital investment plan t...Reuters
Thu, Oct 30
TotalEnergies results dip, but CEO bullish on oil price and refining margins
Higher refining margins boost downstream results by $462 millionPouyanne expects sanctions on Russian firms to boost oil price, refining marginsSays Mozambique LNG project costs are still near $20 billionShares will be cross-listed in New York as of December 8By America Hernandez PARIS, Oct 30 - ...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 nearly 2% on Thursday, buoyed by a Federal Reserve interest rate cut as well a...Reuters
Thu, Oct 30
US Cash Grains-Soybean, corn basis bids higher as farmers sell
CHICAGO, Oct 30 (Reuters) - Basis bids for soybeans were mixed and corn bids were slightly higher in the U.S. Midwest as some farmers sold their crop, though many are opting to store their corn and soybeans.Soy basis bids rose at an Ohio elevator, fell at two Indiana processors and rose at two river...Reuters
Thu, Oct 30
US offers humanitarian aid to Cuba after hurricane
Oct 30 (Reuters) - The United States is prepared to offer immediate humanitarian aid to people of Cuba who were affected by Hurricane Melissa, U.S. Secretary of State Marco Rubio said on Thursday.The department has issued a declaration for humanitarian assistance for Cuba, as it did for neighboring ...Reuters
Thu, Oct 30
Hungary takes steps to ensure fuel supply ahead of tighter US sanctions on Russian oil
BUDAPEST, Oct 30 (Reuters) - Hungary's government has drafted legislation to amend a law on the stockpiling of imported crude and crude products to enable it to designate so-called standby filling stations to provide fuel to critical users in a supply emergency.The amendment comes after a recent...Reuters
Thu, Oct 30
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
Thu, Oct 30
New York declares state of emergency to fund food banks as federal food aid set to lapse
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.Reuters
Thu, Oct 30
EXCLUSIVE-Ghana orders first major audit of mining firms in a decade
By Maxwell Akalaare Adombila DAKAR, Oct 30 (Reuters) - Ghana, Africa’s top gold producer, has launched its most aggressive mining audit in a decade, targeting top miners to recover lost revenue and tighten oversight, a government letter seen by Reuters shows.Governments across West Africa are int...Reuters
Thu, Oct 30
Stellantis has set up 'war room' to manage Nexperia chip crisis, CEO says
MILAN, Oct 30 (Reuters) - Stellantis STLAm.MI has set up a "war room" to address possible chip shortages stemming from issues at Dutch group Nexperia linked to the U.S.-China trade war, the automaker's CEO said on Thursday."We are monitoring day-by-day the chip situation from Nexperi...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 nearly 2% on Thursday, buoyed by a Federal Reserve interest rate cut as well a...Reuters
Thu, Oct 30
DTE Energy raises five-year spending plan by 22% on data center power demand
Oct 30 - U.S. Midwest electric utility DTE Energy DTE.N on Thursday raised its five-year capital investment plan by $6.5 billion to $36.5 billion, driven by growing electricity demand from data centers and work to modernize its power infrastructure. U.S power demand hit records in 2025 and is expect...Reuters
Thu, Oct 30
KKR-backed ContourGlobal seals $350 mln funding package for US solar project
MILAN, Oct 30 (Reuters) - ContourGlobal has secured a funding package worth more than $350 million to support its solar installations in Colorado, the group owned by U.S. investment fund KKR KKR.N said on Thursday.The deal includes a tax equity investment from Tyr Energy, part of Japan's ITOCHU ...Reuters
Thu, Oct 30
GRAINS-Soybeans resume rally as U.S. says China to buy millions of tons
Soybeans revere earlier fall to rise to new 15-month high China agreed to buy 12 mln T of U.S. soybeans this season- BessentCorn steadies, wheat stays weak BEIJING/PARIS, Oct 30 (Reuters) - Chicago soybeans turned higher on Thursday to hit a new 15-month high after U.S. Treasury Secretary Scott B...Reuters
Thu, Oct 30
US natgas prices hit 4-month high on contract expiry, ahead of federal storage report
December futures up 14% from November's closeGas output in Lower 48 states falls to 107.0 bcfd in OctoberLNG export feedgas on track for monthly record high of 16.5 bcfd in OctoberAnalysts see bigger than normal storage build last weekGas storage levels about 5% above normal, easing supply conce...Reuters
Thu, Oct 30
US judge reduces Standing Rock verdict against Greenpeace to $345 million
By Blake Brittain Oct 29 (Reuters) - A judge in North Dakota on Wednesday slashed by almost half jury-awarded damages of about $667 million against environmental advocacy group Greenpeace over its role in protests against the construction of the Dakota Access Pipeline.State District Judge James G...Reuters
Thu, Oct 30
