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Europe Gasoline/Naphtha-Gasoline cracks fall
LONDON, Oct 29 (Reuters) - Northwest European gasoline profit margins fell by about 33 cents a barrel to $18.25 on Wednesday.A total of 10,000 metric tons of Eurobob E5 gasoline barges were traded as Glencore and ExxonMobil sold to Trafigura, TotalEnergies, BMV and BP.Another 3,000 tons of Eurobob E...Reuters
Wed, Oct 29
US closes $1.5 billion loan for Indiana 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 coal-powered fertilizer facility.The project will restart a coal gasification plant idled since 2016 and modify it to produce 500,000 metric tons o...Reuters
Wed, Oct 29
METALS-Copper hits record high as supply shortages take toll
Oct 29 (Reuters) - Copper prices hit a record high on Wednesday as mounting mine supply shortages spurred the metal on after weeks of trading at elevated levels.Three-month copper on the London Metal Exchange CMCU3 was up 1.4% at $11,186 as of 1700 GMT, having earlier risen as high as $11,200. That ...Reuters
Wed, Oct 29
Mexico's Pemex oil production falls 5.6% in September as gasoline, diesel production rises
MEXICO CITY, Oct 29 (Reuters) - Mexico's state energy company Pemex produced 5.6% less crude oil and condensate year-on-year in September, an average 1.65 million barrels per day (bpd), according to data it released late on Tuesday. The heavily-indebted driller has struggled to boost production,...Reuters
Wed, Oct 29
Mali revokes over 90 mining exploration permits
Revoked permits cover gold, iron ore, bauxite, uranium, rare earthsMining sector disruption could impact foreign investmentMilitary-led government deepens Russia ties amid fuel blockade ACCRA, Oct 29 (Reuters) - Mali has revoked more than 90 mining exploration permits, including those held by sub...Reuters
Wed, Oct 29
Billions in heating aid for Americans at risk due to shutdown
WASHINGTON, Oct 29 (Reuters) - Millions of poor and disadvantaged Americans could face trouble accessing funds for home heating starting next month due to the government shutdown, lawmakers from both parties and nonprofit groups said on Wednesday.The shutdown, now in its 29th day, could prevent stat...Reuters
Wed, Oct 29
Steel tycoon Mittal's part-owned Indian refiner stops buying Russian oil
By Hritam Mukherjee Oct 29 (Reuters) - Indian refiner HPCL-Mittal Energy said on Wednesday it has stopped purchasing Russian oil, shortly after the Financial Times reported the company bought Russian oil transported on blacklisted ships.Last week, the U.S. and Europe imposed a raft of fresh sanct...Reuters
Wed, Oct 29
US in contact with countries hit by Hurricane Melissa, Rubio says
Oct 29 (Reuters) - The United States is in contact with the governments of Jamaica, Haiti, Dominican Republican and the Bahamas, Secretary of State Marco Rubio said on Wednesday as Hurricane Melissa unleashed devastation across the Caribbean."We have rescue and response teams heading to affected...Reuters
Wed, Oct 29
PRECIOUS-Gold climbs nearly 2% as investors eye Fed rate decision, Powell remarks
US Fed policy statement due at 2:00 p.m. ET (1800 GMT)Gold climbs nearly 2%Trump says trade deal reached with South KoreaBy Noel John and Pablo Sinha Oct 29 (Reuters) - Gold prices rose nearly 2% on Wednesday, rebounding from a three-week low hit in the previous session as some traders covered s...Reuters
Wed, Oct 29
US Plains HRW Wheat-Basis bids steady amid quiet selling
CHICAGO, Oct 29 (Reuters) - Basis bids for hard red winter (HRW) wheat were flat in the U.S. Plains on Wednesday as farmer selling and purchases were both slow, dealers said. Farmers are focused on planting the 2026 winter wheat crop. Analysts on average estimated winter wheat planting as 84% comple...Reuters
Wed, Oct 29
Billions in heating aid for Americans at risk due shutdown
WASHINGTON, Oct 29 (Reuters) - Millions of poor and disadvantaged Americans could face trouble accessing funds for home heating starting next month due to the government shutdown, lawmakers from both parties and nonprofit groups said on Wednesday.The shutdown, now in its 29th day, is preventing stat...Reuters
Wed, Oct 29
Iran isn't actively enriching uranium but activity detected near stockpiles, IAEA chief tells AP
Oct 29 (Reuters) - The U.N. nuclear watchdog's chief Rafael Grossi has told news agency AP that Iran isn't actively enriching uranium but activity has been detected near the country's nuclear stockpiles, according to an interview published on Wednesday.Reuters
Wed, Oct 29
US Cash Grains-Soybean, corn basis bids higher as farmers sell
CHICAGO, Oct 29 (Reuters) - Spot cash soybean and corn basis bids were mostly higher in the U.S. Midwest on Wednesday as farmers took advantage of the price bump to sell and as futures consolidated. China's state-owned COFCO bought three U.S. soybean cargoes, two trade sources said, the country&...Reuters
Wed, Oct 29
Jamaica's government bonds drop in wake of Hurricane Melissa
LONDON, Oct 29 (Reuters) - Jamaica's government bonds tumbled on Wednesday US470160CA80=TE as investors sized up the likely clear-up cost of Hurricane Melissa, the strongest storm ever recorded on the Caribbean island.The nation's 6.75% 2028 dollar-denominated bond fell 1.25 cents to 102.7 c...Reuters
Wed, Oct 29
Power grid for Midwest, South and Manitoba ready for winter but risks remain, MISO says
Oct 29 (Reuters) - An assessment by Midcontinent Independent System Operator (MISO) showed adequate resources are available for power in winter but highlighted the potential risks and challenges associated with cold and extreme weather operations, it said on Wednesday.MISO's annual Winter Readin...Reuters
Wed, Oct 29
Hormel Foods falls after Q4 profit forecast cut; announces CFO change
Shares of Skippy peanut butter maker Hormel Foods down about 7% at $22.56Co now expects a reduction of 8 cents to 9 cents in Q4 adjusted EPS forecast from earlier range of 38 cents to 40 cents Co says it faces persistent, higher-than-expected inflation in key commodity inputsHRL also h...Reuters
Wed, Oct 29
US nuclear generation to grow 27% post 2035, as data centers fuel power demand: WoodMac
By Kavya Balaraman Oct 29 (Reuters) - U.S. nuclear power generation is set to rise, analysts at Wood Mackenzie said, as surging demand driven by data centers strains grids across the country and a wave of tech companies sign deals to source power from the zero-carbon resource.A flurry of announc...Reuters
Wed, Oct 29
WTO circulates arbitration decision in US-EU ripe olives dispute
BERLIN, Oct 29 (Reuters) - A World Trade Organisation (WTO) arbitrator issued its decision on the level of countermeasures the European Union may request with respect to the United States in a dispute over ripe olives, the organisation said on Wednesday.The arbitrator also decided on the methodology...Reuters
Wed, Oct 29
AEP raises capital spending plan to meet data center power demand
Steps up five-year capital plan to $72 billionPlan supported by 28 GW of new load agreements by 2030Expects peak demand to surge to 65 GW by 2030Raises long-term operating EPS growth target to 7%-9% By Pooja Menon Oct 29 (Reuters) - American Electric Power AEP.O stepped up its five-year capital...Reuters
Wed, Oct 29
